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Abrasilver Resource Corp.

TSX:ABRALive AI agent

AbraSilver Resource Corp.

Investor website: https://abrasilver.com/

About

AbraSilver Resource Corp. is a Toronto-based silver-gold development company developing the next major primary silver mine. Their flagship asset is the 100%-owned Diablillos silver-gold project in Argentina, which is fully permitted and advancing toward construction. The company aims for a Final Investment Decision in Q2 2027 and first production by year-end 2029, with a projected after-tax NPV₅% of US$3.0 billion and a 42% IRR at base-case prices. AbraSilver also holds the La Coipita copper-gold project and trades on the TSX under the symbol 'ABRA'.

Verified company data

Shares outstanding
165.5 M
Mineral resource
The following table shows the Proven and Probable Mineral Reserves at Diablillos. The Mineral Reserves were estimated on May 16, 2026 from an open pit optimized using a silver price of $29.50/oz and a gold price of $2,800/oz. | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | **Mineral Reserve**<br>**(all domains)** | **Tonnage**<br>**(000 t)** | **Au**<br>**(g/t)** | **Ag**<br>**(g/t)** | **Ag** **E** **q**<br>**(g/t)** | **Contained Ag**<br>**(koz)** | **Contained Au**<br>**(koz)** | **Contained**<br>**AgEq**<br>**(koz)** | | Proven | 36,547 | 0.71 | 104 | 178 | 122,452 | 840 | 209,536 | | Probable | 41,364 | 0.70 | 46 | 118 | 61,085 | 925 | 156,327 | | **Total Proven and Probable** | **77,911** | **0.70** | **73** | **146** | **183,537** | **1,764** | **365,863** | Notes for Mineral Reserve Estimate: 01. The Mineral Reserves have an effective date of May 16, 2026. 02. The Qualified Person for the Mineral Reserves Estimate is Mr. Miguel Fuentealba, P. Eng. 03. The Mineral Reserves were estimated using the Canadian Code of the Canadian Institute of Mining, Metallurgy, and Petroleum (CIM), Definition of Standards for Mineral Resources and Mineral Reserves, prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council. 04. The Mineral Reserves are based on a pit design, which is aligned with the ultimate pit selected during the optimization process performed at Whittle. 05. The reserves were estimated at a sale price of US $2,800 per ounce of Au and US $29.50 per ounce of Ag. 06. A variable mining cost per bench and type of material was applied. An average cost of US $2.23/t for all lithologies was applied, except for cover (free dig), where a cost of US $1.81/t was applied. 07. The processing cost for all zones is US $23.84/t. 08. The infrastructure, general, and administrative costs amount to US $6.51/t. 09. The average overall slope pit angles range from 30° to 49.2°, depending on the geotechnical zone domain. 10. The average recovery is estimated at 79.9% for silver and 87.0% for gold. 11. The formula for calculating AgEq is AgEq oz = Ag oz + Au oz x (Au Price/Ag Price) x (Au Recovery/Ag Recovery). 12. Mineral Reserves Estimates were categorized according to CIM Standard definitions (CIM, 2014). 13. A net value per block (NVB) was used to restrict the Mineral Reserves within the pitshell. The NVB is based on “Profit = Revenue - Costs”, being positive, where, Revenue = [(Au Price (US$/oz) - Au Sales Cost (US$/oz) x (Au Grade (g/t)/31.1035))x Au Recovery (%)]+[(Ag Price (US$/oz) - Ag Sales Cost (US$/oz) x (Ag Grade (g/t)/31.1035) x Ag Recovery (%) and cost as, Cost = Mine Cost (US$/t) + Process Cost (US$/t) + Transportation Cost (US$/t) + General and Administrative Costs (US$/t) + [Royalty Cost (%) x Revenue]. The NVB method matches an equivalent cut-off grade of approximately 38 g/t AgEq.
Projects
["Diablillos Silver-Gold Project: The Company's 100%-owned Diablillos Silver-Gold Project, is located in the Salta and Catamarca provinces of Argentina - a well-established mining jurisdiction with excellent infrastructure and strong support for resource development. Over the past several years, Diablillos has rapidly evolved into one of the most significant undeveloped primary silver projects globally, driven by consistent exploration success and substantial resource growth. In June 2026, the Company announced the results of its Definitive Feasibility Study (“DFS” or the “Study”) for the Diablillos silver-gold project (“Diablillos” or the “Project”).\n\nDFS Study Highlights:\n\n· After-tax NPV5% of **$** **3.0 billion (CAD$ 4.2 billion)**, **41.9%** IRR and **1.7-year payback** at base-case metal prices.\n\n· **Average annual production of 20 Moz silver equivalent (“AgEq”)** during the first five years of full mine production, comprised of **14** Moz Ag and **89** koz Au;\n\n· **Low All-in Sustaining Cash Costs (“AISC”)** 2 of $ **20/oz AgEq** over the LOM – positioning Diablillos among the lowest-cost primary silver projects globally.\n\n· **Initial capital expenditures** of **$722 million (** including $98 million contingency) with subsequent sustaining capital of $520 million funded through operating cash flow.\n\n· **Compelling after-tax NPV-to-Capex ratio of 4.2x,** highlighting the Project’s robust project economics and strong value generation potential.\n\n· **Increased Proven and Probable Mineral Reserves** of 77.9 Mt grading 146 g/t Ag Eq, containing 183 Moz Ag and 1.8 Moz Au (366 Moz AgEq), estimated from an open pit optimized using metal prices of $29.50/oz Ag and $2,800/oz Au.\n\n· **First production targeted before year-end 2029,** subject to a final investment decision (“FID”) expected in Q2 2027.\n\n· **Enhanced TSF** incorporates a downstream waste rock buttress design, to eliminate credible failure risk while reducing haulage costs and dust generation.\n\n· **Grid power connection planned in Year 3**, reducing both operating costs and carbon emissions.\n\n· **Multiple opportunities exist to further enhance Project value beyond the DFS,** including:\n\n- A Phase 2 heap leach expansion to process lower grade mineralized material that would provide incremental gold and silver production,\n- Potential future plant throughput expansion to increase annual silver and gold production; and\n- Continued exploration success across the broader Diablillos district."]
Leadership
John Miniotis (President, CEO & Director, 20 years of experience in the mining industry, focusing on mergers & acquisitions, equity capital markets, investor relations, and corporate finance. Previously served as CEO of Aethon Minerals Corp.), Jeremy Weyland (Chief Operating Officer, Over 15 years of experience in the mining industry, focused on projects, technical services, and due diligence. Previously held senior roles at Lundin Mining and Kinross Gold.), David O'Connor (Chief Geologist, Over 40 years of experience in the mining industry, focused on the identification, acquisition, and management of mineral projects. Founder of multiple publicly listed companies.), Carlos Pinglo (Chief Financial Officer & Corporate Secretary, Economist with over 20 years of senior management experience in corporate finance, strategic planning, and mergers and acquisitions.), John Naisbitt (Project Director, More than 45 years of experience in engineering, construction, procurement, and project management, with extensive experience in major mining projects across Latin America.)

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