Andean Silver completes Cerro Bayo acquisition ahead of schedule with final $750,000 payment

Small Caps10-02

Andean Silver (ASX: ASL) has again put its belief in the potential of the Cerro Bayo silver-gold project in Chile on full display with a decision to make the final deferred payment in advance of its ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2472613135?lang=en_US&edition=fundamental","thumbnail":"https://cdn.shortpixel.ai/client/w_868,q_lossy,to_auto,ret_wait/https://150309019.v2.pressablecdn.com/wp-content/uploads/2024/10/Andean-Silver-ASX-ASL-Cerro-Bayo-purchase-finalised.jpg","is_english":true,"pubTime":"2024-10-02 11:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2472613135","market":"hk","top_or_hot":-1,"title":"Andean Silver completes Cerro Bayo acquisition ahead of schedule with final $750,000 payment","media":"Small Caps","content":"<div>\n<p>Andean Silver (ASX: ASL) has again put its belief in the potential of the Cerro Bayo silver-gold project in Chile on full display with a decision to make the final deferred payment in advance of its ...</p>\n\n<a href=\"https://smallcaps.com.au/andean-silver-completes-cerro-bayo-acquisition-ahead-schedule-final-payment/\">Source Link</a>\n\n</div>\n","source":"smallcap_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Andean Silver completes Cerro Bayo acquisition ahead of schedule with final $750,000 payment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAndean Silver completes Cerro Bayo acquisition ahead of schedule with final $750,000 payment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-02 11:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://smallcaps.com.au/andean-silver-completes-cerro-bayo-acquisition-ahead-schedule-final-payment/><strong>Small Caps</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Andean Silver (ASX: ASL) has again put its belief in the potential of the Cerro Bayo silver-gold project in Chile on full display with a decision to make the final deferred payment in advance of its ...</p>\n\n<a href=\"https://smallcaps.com.au/andean-silver-completes-cerro-bayo-acquisition-ahead-schedule-final-payment/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RMS.AU","symbol_name":"RAMELIUS RESOURCES LTD","start_time":0,"source_url":"https://smallcaps.com.au/andean-silver-completes-cerro-bayo-acquisition-ahead-schedule-final-payment/","article_id":"2472613135","we_media_id":null,"thumbnails":["https://cdn.shortpixel.ai/client/w_868,q_lossy,to_auto,ret_wait/https://150309019.v2.pressablecdn.com/wp-content/uploads/2024/10/Andean-Silver-ASX-ASL-Cerro-Bayo-purchase-finalised.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472613135","pubTimestamp":1727839669,"sourceInfo":{"source_id":"smallcap_stock","name":"Small Caps"},"weMediaInfo":null,"summary":"Andean Silver  has again put its belief in the potential of the Cerro Bayo silver-gold project in Chile on full display with a decision to make the final deferred payment in advance of its mid-October due date.The payment of $750,000 paid in cash to Equus Mining  follows the company’s recent $25 million capital raising and results in a $250,000 saving for Andean.Andean completed its 100% acquisition of Cerro Bayo in February 2024 and has since achieved significant drilling success aimed at rapidly growing the project’s existing inferred resource.Chief executive officer Tim Laneyrie said the decision to make the early payment reflects Andean’s confidence in achieving upcoming resource growth milestones.He is currently a non-executive director of ASX-200 gold producer Ramelius Resources  and executive chair of Cygnus Metals .“I look forward to working with David as we ramp up the drilling campaign and deliver the next resource upgrade early in 2025,” Mr Laneyrie added.","collect":0,"end_time":0,"defaultTopTitle":"smallcaps.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"RMS.AU":"RAMELIUS RESOURCES LTD","CY5.AU":"CYGNUS METALS LTD","BK7506":"金矿股","ASL.AU":"Andean Silver Ltd","BK7095":"多种金属与采矿","BK7104":"黄金","EQE.AU":"EQUUS MINING LTD"},"translate_title":"Andean Silver提前完成Cerro Bayo收购，最终支付750,000美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASL.AU":1,"CY5.AU":1,"EQE.AU":1,"RMS.AU":1},"content_text":"Andean Silver (ASX: ASL) has again put its belief in the potential of the Cerro Bayo silver-gold project in Chile on full display with a decision to make the final deferred payment in advance of its mid-October due date.\nThe payment of $750,000 paid in cash to Equus Mining (ASX: EQE) follows the company’s recent $25 million capital raising and results in a $250,000 saving for Andean.\nAndean completed its 100% acquisition of Cerro Bayo in February 2024 and has since achieved significant drilling success aimed at rapidly growing the project’s existing inferred resource.\nFinancial flexibility\nChief executive officer Tim Laneyrie said the decision to make the early payment reflects Andean’s confidence in achieving upcoming resource growth milestones.\n“Our recent highly successful capital raising has given us the financial flexibility to make this payment while ensuring we are well-funded for what will be a huge 12 months ahead for Andean as we continue to drill aggressively to grow our resource,” he said.\nThe Cerro Bayo project currently hosts a total inferred and indicated mineral resource estimate of 8.2 million tonnes at 342 grams per tonne silver equivalent.\nAndean plans to boost that with 40,000 metres of drilling planned for FY25, with up to four drill rigs simultaneously operating on site.\nNew appointment\nThe final payment comes just one day after Andean named experienced mining executive David Southam as non-executive chair.\nMr Southam has been a non-executive director of Andean since April of this year and will succeed Ray Shorrocks, who will remain with Andean as a non-executive director.\n“As the company continues to grow, the board and management of Andean will continue to evolve and this is a logical first step along that journey,” Mr Laneyrie said.\nLeadership experience\nMr Southam brings significant experience in leadership roles in the mining sector.\nHe is currently a non-executive director of ASX-200 gold producer Ramelius Resources (ASX: RMS) and executive chair of Cygnus Metals (ASX: CY5).\n“I look forward to working with David as we ramp up the drilling campaign and deliver the next resource upgrade early in 2025,” Mr Laneyrie added.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472613135"}