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The latest update is out from Mitre Mining Corporation Limited ( (AU:ASL) ).
Andean Silver Limited has successfully raised A$30 million through the issuance of 25 million fully paid ordinary shares at A$1.20 each. This capital raising supports the company’s ongoing exploration and drill program at the Cerro Bayo Project in Chile, where they are currently awaiting assay results. The announcement signifies a strategic move to bolster their financial position and continue their exploration activities, potentially impacting their market positioning and stakeholder interests.
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 operates in the mining industry, focusing on the exploration and development of silver resources. The company is actively engaged in exploration activities at its Cerro Bayo Project in Chile.
Average Trading Volume: 1,113,548
Technical Sentiment Signal: Buy
Current Market Cap: A$222.2M
See more insights into ASL stock on TipRanks’ Stock Analysis page.