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Andean Silver Ltd Boosts Resource Estimates at Cerro Bayo Project

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Andean Silver Ltd Boosts Resource Estimates at Cerro Bayo Project

The latest update is out from Mitre Mining Corporation Limited ( (AU:ASL) ).

Andean Silver Ltd is advancing its Cerro Bayo Silver-Gold Project in Chile, a historic silver district. The company has reported a significant increase in its mineral resource estimates, with silver equivalent resources soaring by more than 80% to 91 million ounces. This development is based on various exploration results and past processing records, indicating a strong potential for recovery and sale of the metals. The announcement underscores the company’s strategic positioning in the silver and gold mining industry, potentially enhancing its market value and stakeholder interest.

More about Mitre Mining Corporation Limited

YTD Price Performance: 21.60%

Average Trading Volume: 758,590

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$156.4M

Find detailed analytics on ASL stock on TipRanks’ Stock Analysis page.

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