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Mitre Mining Corporation Limited ( (AU:ASL) ) has shared an update.
Andean Silver Limited reported a successful quarter with significant drilling results at its Cerro Bayo Silver-Gold Project in Chile, discovering high-grade silver-gold veins and increasing its mineral resource by 340% since acquiring the project. The company completed a well-supported A$30 million capital raising to fund further exploration and studies, while benefiting from a favorable re-rate in silver and gold prices due to global macroeconomic concerns and supply deficits.
The most recent analyst rating on (AU:ASL) stock is a Hold with a A$1.50 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 OTCQX as ADSLF, operates in the mining industry with a focus on silver and gold resources. The company is actively engaged in the Cerro Bayo Silver-Gold Project located in the Aysen Region of southern Chile, a significant epithermal gold-silver mining province.
Average Trading Volume: 1,384,525
Technical Sentiment Signal: Buy
Current Market Cap: A$300.9M
Learn more about ASL stock on TipRanks’ Stock Analysis page.