Central Puerto Increases Stake in AbraSilver to Boost Diablillos Project

The latest announcement is out from Central Puerto SA ( (CEPU) ).

Central Puerto S.A., through its subsidiary Proener S.A.U., has signed a subscription agreement to increase its stake in AbraSilver Resource Corp. from 4% to 9.9%. AbraSilver owns the Diablillos silver-gold project in northwestern Argentina, which has significant proven resources. The funds from this investment will support a feasibility study for the project, expected to conclude by December, facilitating the planning of mine construction.

More about Central Puerto SA

Central Puerto S.A. is a company involved in the energy sector, primarily focusing on power generation. The company is based in Buenos Aires, Argentina, and operates through various subsidiaries, including Proener S.A.U.

YTD Price Performance: -6.95%

Average Trading Volume: 400,570

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $2.48B

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