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An announcement from Mitre Mining Corporation Limited ( (AU:ASL) ) is now available.
Andean Silver Ltd has provided an update on its Cerro Bayo silver-gold project in Chile, highlighting that its mineral resource estimates, previously announced, remain current and compliant with the JORC Code. The company notes that metal equivalent calculations are based on defined silver and gold prices and metallurgical recoveries of about 90%, supported by historical processing data from the Cerro Bayo plant.
The release reiterates that past exploration results and resource estimates have not been materially altered, and that the form and context of Competent Persons’ findings remain unchanged. It also outlines key investment risks, including capital requirements, resource estimation uncertainties and operational risks, and reminds investors that the information is not investment advice and that the company does not guarantee performance or returns.
The most recent analyst rating on (AU:ASL) stock is a Sell 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 Ltd is an ASX-listed resources company focused on silver and gold exploration and development, with its key asset being the Cerro Bayo silver-gold project in Chile’s historic Cerro Bayo mining district. The company reports its mineral resources under the Australasian JORC Code framework, which may differ from Canadian NI 43-101 and U.S. SEC reporting standards for mineral projects.
Average Trading Volume: 2,190,521
Technical Sentiment Signal: Buy
Current Market Cap: A$368.5M
For a thorough assessment of ASL stock, go to TipRanks’ Stock Analysis page.