First Andes Silver Ltd.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Colin Smith
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Address
- 595 Howe Street Vancouver BC Canada V6C 2T5
- IPO Date
- Jul 2, 2021
- CIK
- 0001731854
- Website
- mantaropreciousmetals.com
- Similar Companies
- Business
- First Andes Silver Ltd. is a mineral exploration company focused on the exploration and development of silver and associated base and precious metals. The company holds a 100% interest in the high-grade Santas Gloria silver property located approximately 55 kilometers east of Lima, Peru. Santas Gloria consists of an exploration concession of about 1,100 hectares with over 12 kilometers of multiphase veins, characterized as a high-grade silver-base metal-gold intermediate sulphidation system. First Andes Silver's core product focus is on silver extraction, complemented by base metals and gold as secondary commodities that enhance the project's economic potential. First Andes Silver conducts systematic diamond drilling programs at Santas Gloria to delineate and expand mineral resources. Their maiden diamond drill program completed in 2024 confirmed high-grade silver grades on all drilled vein systems, warranting continued high-priority follow-up drilling in 2025. The company successfully completed multiple drilling campaigns in 2024 and 2025, reporting significant intercepts in multiple vein systems, including the Tembladera vein, which remains largely untested and is a key target for upcoming drilling phases. The exploration program is further supported by private placement financings to fund expanded drilling and working capital. Recent major changes include the corporate name change from Mantaro Precious Metals Corp. to First Andes Silver Ltd., completed in April 2024, which aligns with their strategic focus on the Santas Gloria silver asset. The company also acquired two prospective licenses in the San Ramon Greenstone belt in Bolivia in 2023, broadening its exploration footprint. Concurrently, it relinquished non-core mineral concessions at Santas Gloria to optimize maintenance costs. Most recent updates indicate the company is preparing for a third phase of drilling with district-wide exploration plans at Santas Gloria, reflecting a strategic push to unlock additional high-grade silver resources. Founded in 2010 and headquartered in Vancouver, British Columbia, First Andes Silver operates mainly in Peru and Bolivia, targeting industrial and investment markets for silver and precious metals. The company is positioned as an exploration-stage firm with a commitment to advancing its flagship project through systematic exploration and capital partnerships. In summary, First Andes Silver Ltd. specializes in silver exploration and development through its flagship Santas Gloria project, backed by significant recent drilling success and strategic initiatives including project-focused rebranding, license acquisitions, and financing to support ongoing exploration efforts in South America.
First Andes Silver Receives Community Agreements for Santas Gloria Drill Program, Peru
First Andes Silver Announces Grant of Three Exploration Licences in New South Wales, Australia
First Andes Silver Announces New U.S. Stock Symbol
First Andes Silver Reports Phase 1 Soil Assay Results and Delineates Kilometre-Scale Silver-in-Soil Anomalies, Santas Gloria Project, Peru
First Andes Silver Engages Vice President, Corporate Communications
First Andes Silver Closes Oversubscribed $2 Million Private Placement Financing
First Andes Silver Closes Acquisition of Silver Projects in New South Wales, Australia
First Andes Silver Announces $2 Million Private Placement Financing
First Andes Silver Announces Conditional Grant of Exploration Licences in New South Wales, Australia
First Andes Silver Identifies Multi-Kilometer Zoned Alteration Center (1.3 X 2 Km) from Worldview-3 Data, Santas Gloria Project, Peru
First Andes Silver to Acquire Silver Focused Properties in New South Wales, Australia
First Andes Silver Outlines Systematic Property-Wide Exploration Program, Santas Gloria Project, Peru
First Andes Silver Reports Final Drilling Assays, Santas Gloria Project, Peru
First Andes Silver Engages ICP Securities Inc. for Automated Market Making Services
First Andes Silver Reports High-Grade Silver Assays, Santas Gloria Project, Peru
First Andes Silver Reports Additional Drilling Intersections of the San Jorge Epithermal Vein, Santas Gloria Project, Peru
First Andes Silver Closes Final Tranche of Private Placement
First Andes Silver Closed First Tranche of Private Placement
First Andes Silver Increases Private Placement to $1,350,000 CAD
First Andes Silver Announces Private Placement Financing of $1,000,000 CAD