Australia's Andean Silver slips on discounted placement

Andean Silver

08/12/2025 03:14

** Andean Silver ASL.AX slips as much as 13.9% to A$1.8, lowest since November 28

** Stock set for its weakest trading session in more than five months

** Mineral explorer to raise A$30 mln ($19.9 million) via placement

** Offer price of A$1.85/share represents 11.5% discount to last close

** Funds will be used to accelerate drilling activities in Chile's Cerro Bayo Silver-Gold Project

** YTD, ASL surges ~125%

($1 = A$1.5056)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))