Episode Details

Andean Silver CEO Matthew Allen joined Angela Harmantas at the Prospectors & Developers Association of Canada or PDAC conference in Toronto to share news about the company’s advancing San Rafael silver project in southern Chile, outlining a significant drill campaign, resource growth and potential production timelines. Speaking from the OTC Markets Group, Allen described the current precious metals environment as a strong backdrop for development, noting that “it’s a great time in the industry,” while highlighting the importance of capturing favourable market windows. San Rafael, which has more than 20 years of mining history, was acquired two years ago and includes a fully permitted 1,600-tonne-per-day processing plant. Allen explained that after many believed the project had been mined out, the company spent the past two years drilling and making new discoveries. “All of our new discoveries are within 1.5 kilometres of the process plant,” he said, adding that the company is now on the cusp of updating its resource estimate. Following a 30,000-metre drill program last year, Andean Silver is planning 65,000 metres of drilling in 2026. The focus is on converting approximately 80% of the resource from inferred to indicated category, supporting a technical study targeted for mid-2027. A restart of mining operations is currently being considered for 2028. Allen also highlighted optionality around the existing mill, noting the company is evaluating turning it on earlier to process low-grade stockpiles, which could see production begin as early as 2027 while mining activities ramp up. #proactiveinvestors #andeansilver #asx #asl #otcqx #adslf #pdac2026 #AndeanSilver #MatthewAllen #SilverStocks #SilverMining #PreciousMetals #SanRafael #ChileMining #MiningStocks #ResourceUpdate #DrillingProgram #OTCMarkets #GoldAndSilver #JuniorMining #MiningInvestment