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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 a placement to institutional and sophisticated investors, with an additional A$3 million expected from a Share Purchase Plan (SPP). The funds will be used to accelerate drilling, evaluate land acquisitions, and advance project studies at the Cerro Bayo Silver-Gold Project, positioning the company for growth and value creation. This financial boost is expected to enhance Andean’s operations and strengthen its market position in the silver industry.
The most recent analyst rating on (AU:ASL) stock is a Buy with a A$4.25 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 is a company operating in the silver market, focusing on the Cerro Bayo Silver-Gold Project in Chile. The company is involved in activities such as resource growth, exploration, and project development, leveraging its significant existing infrastructure for efficient operations.
Average Trading Volume: 1,539,929
Technical Sentiment Signal: Buy
Current Market Cap: A$398.1M
For an in-depth examination of ASL stock, go to TipRanks’ Overview page.