- Business
- AbraSilver Resource Corp. is a Canadian advanced-stage exploration company focused on precious metals, primarily silver and gold, with secondary interests in copper and other metals; its core activities encompass mineral exploration, resource delineation, and project development across properties in Argentina, Chile, and Canada. The company holds 100% ownership of the flagship Diablillos silver-gold project in Salta province, northwestern Argentina, featuring the Oculto deposit with a current measured and indicated mineral resource estimate of 73.1 million tonnes grading 79 grams per tonne silver and 0.66 grams per tonne gold, containing approximately 186 million ounces silver and 1.6 million ounces gold; it also maintains an option to acquire 100% interest in the La Coipita copper-gold project in San Juan province, Argentina, the Arcas copper-gold project in Chile, and the Aguas Perdidas project in Argentina. Founded in 1993 and headquartered at 220 Bay Street, Suite 550, Toronto, Ontario, Canada, AbraSilver previously operated as AbraPlata Resource Corp. before changing its name in March 2021. Recent developments include the substantial expansion of Diablillos mineral resources to 350 million ounces silver equivalent in measured and indicated categories as of July 2025, driven by drilling successes at Oculto East, JAC, and Sombra targets; strategic financings totaling approximately C$58.5 million in early 2025 from investors including Kinross Gold and Central Puerto, which became the largest shareholder with a 9.9% stake in February 2025; graduation to the Toronto Stock Exchange main board in February 2025; selection of Worley Limited to lead engineering for the Diablillos definitive feasibility study in April 2025; submission of a RIGI application for regulatory incentives on Diablillos in November 2025; and additional C$43.4 million bought deal private placement in October 2025 to fund early development and infrastructure.