- Business
- AbraSilver Resource Corp. is a Canada-based advanced-stage exploration company focused on silver, gold, and copper projects in Argentina and Chile. The company advances its flagship 100%-owned Diablillos silver-gold project located in the mining-friendly Salta province of Argentina, comprising approximately 7,919 hectares; explores the La Coipita copper-gold porphyry project in San Juan province, Argentina, under an earn-in option and joint venture agreement with Teck Resources allowing Teck to earn up to an 80% interest through US$20 million in expenditures; and holds interests in the Arcas copper-gold project and Aguas Perdidas silver project in Argentina, as well as the Santo Domingo project in Chile. AbraSilver operates primarily in the Non-Energy Materials mining sector, targeting precious and base metals for institutional and retail investors seeking exposure to silver and gold price leverage. Incorporated in 1993 and headquartered in Toronto, Ontario, at 220 Bay Street, Suite 550, the company changed its name from AbraPlata Resource Corp. in March 2021. Recent developments include a C$20 million strategic private placement in April 2024 with Kinross Gold Corporation and Central Puerto SA, each investing C$10 million and gaining board observer rights along with the formation of Technical Advisory and Strategic & Operational Committees; establishment of a regional partnership with Kinross to jointly explore and acquire silver, gold, and copper projects in Argentina, including a right of first offer on new stakes; and high-grade drilling results at Diablillos, such as 31.0 metres grading 10.0 g/t gold including 6.0 metres at 41.9 g/t gold, expanding mineralization east of the Oculto deposit.