Australia's Andean Silver slumps on discounted placement

Andean Silver

02/09/2026 03:25

** Shares of Andean Silver ASL.AX fall 16.2% to A$2.38, on track for their biggest one-day pct fall if trends hold
** Marks lowest level since August 20
** Mineral explorer to raise A$40 million ($28.60 million) at an issue price of A$2.45 per share
** Issue price represents a discount of 13.7% to stock's last close
** About 3.3 mln shares change hands, 4x the 30-day average of 821,978
** Stock down 1.9% YTD, including moves in the current session
     
     
($1 = 1.3988 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((Jasmeenaraislam.Shaikh@thomsonreuters.com;))