MMC
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Company News
Mitre Mining changes name to Andean Silver to reflect Chilean pivot with Cerro Bayo project
Mitre Mining’s (ASX: MMC) recent acquisition of the Cerro Bayo silver project in Chile is not only impacting the company’s share price; it has now led to a change of name to Andean Silver. The change has been implemented following shareholder approval and confirmation from the Australian Securities and Investments Commission, with new branding including […]
Mitre Mining given $2.30 price target by Canaccord on back of Cerro Bayo acquisition
Mitre Mining’s (ASX: MMC) acquisition of the Cerro Bayo silver-gold project in southern Chile and the company’s subsequent drilling success there is attracting growing attention amongst resource analysts. Among those is Canaccord Genuity, which has revealed a ‘speculative buy’ price target of $2.30 in a new research note. While Mitre’s share price is currently sitting […]
Mitre Mining identifies new silver-gold veins at Cerro Bayo project in Chile
Mitre Mining (ASX: MMC) has identified extremely high-grade mineralisation with new exploration results at its Cerro Bayo silver-gold project in southern Chile. The company believes that new rock chip assays of up to 10,466 grams per tonne silver equivalent have confirmed the discovery of another potential swarm of silver-gold veins at Cerro Bayo. One assay […]
Sun Silver’s fast-tracked IPO and ASX listing highlights booming sector interest
After smashing the record for the fastest initial public offering (IPO) raising on the Automic investor portal, Sun Silver (ASX: SS1) is set to list with a significant bank balance and a high-quality silver project at a time when interest in the precious metal is flying. Sun Silver is scheduled to make its ASX debut […]
Mitre Mining secures $10.5m in capital raising to drive rapid growth in Chile
Mitre Mining (ASX: MMC) is planning to accelerate its resource growth strategy in Chile following a highly successful $10.5 million capital raising. The Australian junior received firm commitments from sophisticated, professional and other investors to raise an initial $10m with strong domestic and overseas institutional support from both new investors and existing shareholders. Due to […]
Mitre Mining experiences breakthrough quarter at Cerro Bayo with doubled resource and extensive drilling
Mitre Mining (ASX: MMC) is enjoying a great start to 2024 at its Cerro Bayo silver-gold project in Chile. In releasing the results of what chief executive officer Tim Laneyrie describes as a “pivotal quarter in the company’s history”, Mitre wrapped up the acquisition of the high-grade Cerro Bayo project in Chile, doubled its resource, […]
Mitre Mining appoints new executives to drive growth of Cerro Bayo silver-gold project
Mitre Mining (ASX: MMC) has made two key corporate appointments as part of a strategy to drive rapid resource growth at its Cerro Bayo silver-gold project in Chile. The company’s current chief geologist and former Northern Star Resources (ASX: NST) executive Tim Laneyrie will assume the role of Mitre chief executive officer, while mining executive […]
Market wrap: bull market broadening as ASX 200 hits record close
The bull market in Australian shares is continuing to broaden, with gold, lithium and iron ore miners all helping to push the ASX 200 to a record closing high on Thursday. While the big banks have already rallied hard, rising resource prices helped the miners to join the action with the ASX 200 closing up […]
Mitre Mining reports bonanza grades from new silver-gold vein at Cerro Bayo
Mitre Mining (ASX: MMC) has discovered outcropping silver-gold vein extensions with impressive grades of up to 32,849 grams per tonne silver and 298.6g/t gold at the Cristal target within its newly-acquired Cerro Bayo project in Chile. A series of “exceptional” rock chip and channel sample results have shown the vein — which is completely outside […]
Market wrap: big banks send ASX into record territory
Australia’s big banks have pushed the ASX 200 to a record close of 7847 points after more signs of lower inflation in major economies caused a global relief rally. With interest rates now looking almost a certainty to fall in the big markets of the US, Europe and Australia, investors celebrated hard with a fresh […]
