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Mitre Mining Corporation Limited ( (AU:ASL) ) has provided an update.
Andean Silver Limited reported a highly active December 2025 quarter at its Cerro Bayo silver-gold project in southern Chile, where more than 30,000 metres of diamond drilling delivered exceptionally high-grade intersections, including up to 692 grams per tonne silver and 9.8 grams per tonne gold, from new and extended vein systems near the Laguna Verde mine district and close to existing processing facilities. The company plans to incorporate these results into a revised Mineral Resource Estimate due in the first half of 2026 and is running four rigs to continue expanding resources, while a strongly supported A$30 million placement and an upsized A$6 million share purchase plan have lifted its cash position to over A$60 million to fund accelerated drilling, permitting, potential land-right acquisitions and early economic studies aimed at optimising a potential restart of operations and leveraging existing infrastructure at Cerro Bayo.
The most recent analyst rating on (AU:ASL) stock is a Hold with a A$2.50 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 (ASX: ASL, OTCQX: ADSLF) is a precious metals explorer focused on the Cerro Bayo silver-gold project in Chile’s Aysen Region, a historic epithermal gold-silver mining district that has produced over 100 million ounces of silver equivalent and sits within the highly endowed Deseado Massif province. The company’s activities centre on expanding and upgrading its silver-gold mineral resources around existing mining and processing infrastructure at Cerro Bayo, positioning it to potentially restart operations and unlock further value from high-grade vein systems near the Laguna Verde and Taitao areas.
Average Trading Volume: 1,859,248
Technical Sentiment Signal: Buy
Current Market Cap: A$552.8M
For detailed information about ASL stock, go to TipRanks’ Stock Analysis page.