AbraSilver / AbraPlata
AbraSilver Positions Itself as a Future Mid-Tier Silver Producer with Backing from Kinross and Sprott
AbraSilver (TSX: ABRA) is progressing its 100%-owned Diablillos silver-gold project in Argentina, following a Pre-Feasibility Study (PFS) and successful equity financings totaling $58.5 million. The Diablillos project includes a Proven and Probable Reserve of 124 million silver ounces and 1.1 million gold ounces, with an after-tax NPV of US$747 million and a 27.6% IRR. AbraSilver has also partnered with Teck Resources at its La Coipita copper-gold project. Kinross Gold and Eric Sprott participated in the recent financings, reinforcing industry support as the company advances toward a full Feasibility Study at Diablillos expected later this year. [more]