Andean Silver(CSE:Not available)

Andean Silver is focused on driving innovation, sustainability, and growth in the mining industry.

Investor website: https://www.andeansilver.com/

About

Andean Silver is focused on driving innovation, sustainability, and growth in the mining industry. The company is dedicated to responsible resource development and community collaboration, particularly in the Aysén Region of Southern Chile, where it oversees a flagship silver-gold project.

Verified company data

Cash position
A$62 M
Shares outstanding
212.7 M
Fully diluted shares
N/A
Mineral resource
Cerro Bayo hosts a Mineral Resource Estimate of 20.0Mt @ 211g/t AgEq for 136Moz AgEq, including 60Moz AgEq in the higher-confidence Indicated category, as at 30 June 2026. The resource comprises both open pit and underground mines across 2 mining complexes with the Cerro Bayo project and is supported by the collected knowledge and drilling investment over 20yrs of mining history through the district. Mineral Resource Estimates are classified and reported in accordance with the JORC Code. MSO shapes were generated to constrain the Resource using an NSR value of US$124/t and a minimum mining width of 1.2m. Pit optimisation shells were generated at an NSR cutoff or US$47/t to constrain the open pit resources with SMU of 3m x 5m x 5m applied. A gold price of US$3,500/oz and Silver price of US$45/oz was used to generate NSR cutoffs. Individual grades for all metals included in the metal equivalents calculation are set out in the table above. Silver equivalents are calculated using the equation AgEq = Ag(g/t) + (83 x Au(g/t)) and gold equivalents are calculated based on the equation AuEq = Au(g/t) + (Ag(g/t) / 83) based on a gold price of US$3,000/oz and Silver price of US$36/oz. Metallurgical recoveries for gold and silver are closely linked and are typically 85-93% for gold and silver. The actual assumed metallurgical recovery rate used to calculate the metal equivalents is 90% for each of gold and silver. The Company considers the estimation of metallurgical recoveries in respect of exploration work to be reasonable based on the past processing records from the nearby Cerro Bayo plant between 1995 and 2016, and work undertaken in preparing the Mineral Resource Estimate. It is the Company’s view that all elements in the silver and gold equivalents calculations have a reasonable potential to be recovered and sold. Bulk Density of 2.63g/cm3 has been applied to veins and 2.57g/cm3 has been applied to stockwork and waste domains. Numbers may not add due to rounding.
Projects
["Cerro Bayo Silver-Gold Project: The Cerro Bayo mine is 100% owned by Andean Silver. The mine covers 285sq.km and comprises over 70 contiguous exploration concessions as well as surface properties that covers the areas of the Laguna Verde mining district and processing facilities. The Cerro Bayo Project was in production for over 15 years, producing more than 45Moz Ag and 650koz Au (~99Moz AgEq). The Project has been on care and maintenance since October 2022. The Cerro Bayo mine is located 10km west of the town of Chile Chico in the Aysen region of Chile which is a 2.5hr commercial flight from Santiago that runs multiple times per day. Chile Chico has a population of ~4,000 people with skilled labour and major infrastructure including hospitals, schools and all weather road access to major deep-water regional ports. The Cerro Bayo project has an underground high grade resource of 7.9Mt @ 361g/t for 92Mozg AgEq and open pit 12.1Mt @ 112g/t AgEq for 44Moz AgEq. This resource comprises the existing Taitao open pit resource and the high grade underground mines of Delia Sth and Coyita SE. The Resource is supported by significant historic mining over a number of years by both open pit and underground as well as significant investment in drilling and geological knowledge. There is extensive areas within the existing mine area as well as greenfields targets to support future resource growth. Approximately 50% of the tenure remains undrill tested with a further 25% under drilled. Established greenfield targets within the know tenure that have not been drill tested that will be targeted for future drilling includes the Raul West, Claudia Vein and Draught Master vein swarm. Further greenfields exploration will be conducted East and Southeast of the Cerro Bayo Dome through to Sinter Hill where the topography increases and early stage programs such as IP and Magnetic surveys, Alteration studies and on ground mapping will need to be conducted to establish target zones. Andean Silver is delighted to announce its partnership with the Chile Chico municipality and the local community in constructing platforms designed to protect and preserve archaeological sites near our mine and the local town. These sites feature regionally significant rock art dating back over 3,500 years. For the first time in Chile Chico, the joint efforts of the municipality, community members, and private capital are working together to protect and preserve our historical sites. Our COO, Damien Koerber, and GM, Álvaro Fuentes, recently visited the site alongside the local mayor and community members to discuss the planned preservation efforts. These initiatives aim to safeguard the site while allowing access for future generations without causing damage.","Los Domos Project: The Los Domos project is located proximal to the flagship Cerro Bayo project in the Aysen regional of Chile and comprises 4,100Ha of mining and exploration licenses. Los Domos represents the SE extension of the Cerro Bayo system with a cumulative strike of over 10km and comprising over 8 major target structures and represents the NW tip of the Deseado Massif Volcanic sequence that hosts world class mineral systems such as Cerro Vanguardia and Cerro Negro. Los Domos has had significant exploration investment with over 7,000m of diamond drilling completed that has identified a significant Ag-Au-Zn-Pb mineralized body on the T7 target that extends over 600m of strike and down to over 200m in depth. Los Domos represents an earlier stage Zn-Pb deep crustal mineralized event that has a subsequent epithermal Ag-Au overprint. Similar deposit styles include Cerro Moro and Huaron (Pan American Silver) and Palmajero and Silvertip (Coeur Mining). Significant intercepts include; 9.7m @ 181g/t Ag, 2.58g/t Au, 4.15% Pb, 8.5% Zn, 0.4% Cu; 2.7m @ 132g/t Ag, 1.32g/t Au, 11.4% Pb, 10.7% Zn, 0.32% Cu; 8.39m @ 248g/t Ag, 20.7% Pb, 7.1% Zn, 0.7g/t Au. Future exploration will build on the work completed to date and will focus on a surface mapping and sampling campaign to extend and further define the targets at Los Domos as well as followup drilling of the multiple mineralized targets and infill drilling of the T7 target zone.","Cerro Diablo Project: The Cerro Diablo project is located 25km North of the flagship Cerro Bayo project in the Aysen regional of Chile and comprises 4,550Ha of exploration licenses. The project lies in the NW limits of the Deseado Massif mineral province that is a favorable host to intermediate-high sulphidation, Skarn, Porphyry and Volcanic-hosted massive sulphide (VHMS) style mineralization. Cerro Diablo hosts characteristics of a hybrid style intermediate mineralized system with mineralization extending over 1km on surface and extensive Argillic surface alteration. Since its discovery no drilling has been conducted over the project area with 2 phases of field mapping and sampling completed with significant intercepts; Copper rich zone: 20.6% Cu, 30.8g/t Ag, 0.38% Zn, 0.17% Pb, 0.26g/t Au; 16.2% Cu, 24.6g/t Ag, 0.18% Zn, 0.11% Pb, 0.15g/t Au; 6.79% Cu, 11.7g/t Ag, 0.53g/t Au. Gold Rich Zone: 5.40g/t Au, 6.2g/t Ag; 4.91g/t Au, 3.8g/t Ag; 3.93g/t Au, 12.2g/t Ag. Polymetallic Rich Zone: 7.95% Zn, 35% Pb, 0.35% Cu, 112g/t Ag; 19% Zn, 20.8% Pb, 1.12% Cu, 100g/t Ag; 9.74% Zn, 7% Pb, 0.33% Cu, 54.7g/t Ag. Future exploration programs will focus on defining the mineralised system through a surface mapping and sampling campaign followed by planning of a maiden drill program to test the structural target zones observed at surface."]
Leadership
Board of Directors David Southam Non-Executive Chairman Mr Southam is a CPA with more than 30 years’ experience in accounting, operations, capital markets and finance across the resources and industrial sectors. He was previously Managing Director of Mincor Resources NL (ASX: MCR). Prior to Mincor, David was Executive Director of ASX200 nickel company Western Areas (ASX: WSA) and has held senior executive roles within Brambles Group, ANZ Investment Bank and WMC Resources. David is currently a Non-Executive Director of Ramelius Resources (ASX: RMS) and Executive Chairman of Cygnus Metals (ASX: CY5). Jessie Liu-Ernsting Non-Executive Director​ Ms Liu-Ernsting is a highly credentialled resources executive and engineer with 20 years of experience in the mining industry. She has held progressively senior strategic, financial and technical positions at G Mining Ventures Corp. (TSX:GMIN), Hudbay Minerals Inc (NYSE:HBM), Resource Capital Funds and two preeminent Canadian EPCM firms. Ms Liu-Ernsting is currently Chief Corporate Development Officer at Canadian copper developer FireFly Metals Ltd (ASX/TSX: FFM) and is a Director of the Prospectors & Developers Association of Canada (PDAC) and Aston Bay Holdings Ltd (TSXV:BAY). She holds an MBA from the Schulich School of Business with specialisations in Mining, Finance and Strategy, and an Electrical Engineering degree from Queen’s University. Ray Shorrocks Non-Executive Director Mr Shorrocks is the immediate past Executive Chairman of FireFly Metals (ASX: FFM), currently Non-Executive Director of Cygnus Metals (ASX: CY5) and was the founding Executive Chairman of Bellevue Gold (ASX: BGL). He has more than 30 years’ experience in corporate finance in the mining sector and has advised a diverse range of resources companies during his career at one of Australia’s largest investment banking and stockbroking/financial services firms. Carl Travaglini Non-Executive Director​ Mr Travaglini is a Chartered Accountant, Chartered Company Secretary and a Graduate of the Australian Institute of Company Directors, with over 18 years’ experience in the resources sector, having served in various executive finance and company secretarial roles in Australia, Canada and Africa. Mr Travaglini is also the CFO of Midas Minerals (ASX:MM1) and CFO and Joint Company Secretary of Cygnus Metals Limited (ASXCY5). Management Team Tim Laneyrie​ Technical Director Mr Laneyrie is a geologist with 19 years’ industry experience. His most recent position was in business development at Northern Star (ASX:NSE), where he conducted evaluations on potential project acquisitions and asset divestments, notably the Saracen/Northern Star merger and Super Pit acquisition. He has also held senior positions with Saracen Minerals. Matthew Allen ​ Chief Executive Officer Mr Allen is a FCPA and has more than 25 years’ experience in the resources finance sector in a range of commodities. He has significant experience in debt and equity funding solutions for resources development, and the operation and management of listed public companies. He was previously CFO of Global Lithium Resources and Hastings Technology Metals. Damien Koerber Chief Operating Officer Mr Koerber brings over 30 years of experience in technical and management roles in exploration across Australia & Latin America for Newcrest, Billiton, MIM, Mirasol Resources. He was an integral team member in several significant precious metal discoveries in both continents including Sunrise Dam (Anglo Ashanti) and Tanami (Newmont). Alvaro Fuentes General Manager Mr Fuentes is a mining executive with over 20 years of experience in operations, finance, and corporate management across Latin America and Australasia. He leads Andean Silver in Chile, overseeing the development of the flagship silver-gold project in the Aysén Region of Southern Chile. His expertise spans permitting, stakeholder engagement, and project execution, with a strong commitment to sustainability, community collaboration, and responsible resource development. Alex Forster Exploration Manager Ms Forster is an exploration geologist with over 13 years of experience, primarily in early-stage precious metals exploration, across Africa, Latin America, and Australia. She has held senior geological roles with Bellevue Gold (ASX: BGL) and Bellavista Resources (ASX: BVR) and has worked with major mining companies including Gold Fields Australia (NYSE: GFI), gaining broad technical and project management experience. Sofía Aravena Fernández Environmental Manager Ms Aravena is a geologist specializing in hydrogeology and environment. She has over 20 years of experience in environmental assessment, sectoral permitting and strategic analysis of complex projects, and has also led multidisciplinary teams. She previously served in SERNAGEOMIN, Head of the Environmental Assessment Department at the SEA Executive Directorate, and as Project Manager at the consulting firm Minería y Medio Ambiente Ltda. ( Myma). Maddison Cramer Company Secretary​ Ms Cramer is a corporate lawyer with a focus on mining and resources. Ms Cramer was previously Joint Company Secretary at Bellevue Gold (ASX:BGL) and an Associate at Bellanhouse Legal and HWL Ebsworth Lawyers. She is also a Company Secretary for Alicanto Minerals (ASX: AQI), Bellavista Resources (ASX:BVR), Cygnus Metals (ASX:CY5) and Midas Minerals (ASX:MM1).

Verified data last updated: 2026-07-03

Recent filings

Investor FAQ

About Andean Silver (CSE:Not available)