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Andean Silver Limited Advances Cerro Bayo Project with Increased Resources and Strategic Developments

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Andean Silver Limited Advances Cerro Bayo Project with Increased Resources and Strategic Developments

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Mitre Mining Corporation Limited ( (AU:ASL) ) has provided an announcement.

Andean Silver Limited has reported significant progress in its Cerro Bayo Silver-Gold Project, with an 18% increase in total tonnes and a 22% increase in total AgEq ounces in its Mineral Resource Estimate. The company is advancing towards restarting high-grade operations with a scoping study underway, expected to be completed by Q4 2025. Recent drilling has expanded known mineralization, and new high-grade silver and gold prospects have been discovered, supporting future expansion. Additionally, Andean has successfully completed a A$30m placement and commenced trading on the OTCQX Best Market, enhancing its financial and market positioning.

The most recent analyst rating on (AU:ASL) stock is a Buy with a A$3.05 price target. To see the full list of analyst forecasts on Mitre Mining Corporation Limited stock, see the AU:ASL Stock Forecast page.

More about Mitre Mining Corporation Limited

Andean Silver Limited, trading on ASX as ASL and on OTCQX as ADSLF, operates in the mining industry with a focus on silver and gold production. The company is primarily engaged in the exploration and development of the Cerro Bayo Silver-Gold Project located in the Aysen Region of southern Chile, a region known for its rich epithermal gold-silver deposits.

Average Trading Volume: 1,107,141

Technical Sentiment Signal: Buy

Current Market Cap: A$263.5M

For a thorough assessment of ASL stock, go to TipRanks’ Stock Analysis page.

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