Andean Silver's Cerro Bayo Drilling Confirms Genuine Scale
Rising silver prices and a series of high-grade drill results are building the case for Andean Silver's Cerro Bayo project in Chile, backed by an extensive 2026 drilling program.
28 Feb 2026 · 2 min read
In short
Andean Silver surged 38% as silver prices climbed 17%, with the company delivering a series of high-grade drill results at its Cerro Bayo silver-gold project in Chile.
An extensive 65,000-metre drilling program planned for 2026 aims to upgrade resources and advance the Cerro Bayo project toward development studies.
Tyndall Asset Management exited its position following strong share price appreciation, while Endeavor Asset Management continues to see further value through ongoing drilling and economic study work.
Andean Silver surged 38 percent as silver prices climbed 17 percent, then delivered a series of high-grade drill results at its Cerro Bayo silver-gold project in Chile demonstrating genuine scale and continuity of mineralisation, backed by an extensive 65,000-metre drilling program for 2026 aimed at advancing the project toward development studies.
A silver price rally lifts a promising developer
Endeavor Asset Management said silver developer Andean Silver, managed by the same team as Firefly, surged 38 percent as silver prices climbed 17 percent, expecting the company to deliver further value through ongoing drilling campaigns and economic study work.
Silver developer Andean, who is managed by the same team as Firefly, surged 38% as silver prices climbed 17%. We expect the company to deliver further value through ongoing drilling campaigns and economic study work.
— Endeavor Asset Management, Monthly Report, September 2025
A profitable exit after strong appreciation
Tyndall Asset Management said it exited Andean Silver following strong share price appreciation and value recognition.
High-grade drilling confirms scale, backed by an ambitious 2026 program
Endeavor Asset Management said Andean Silver rose strongly during February following a series of high-grade drill results from its Cerro Bayo silver-gold project in Chile, which continued to demonstrate the scale and continuity of mineralisation, alongside outlining an extensive 65,000-metre drilling program for 2026 aimed at upgrading resources and advancing the project toward development studies, combined with a supportive backdrop for silver prices and increased investor interest.
Andean Silver rose strongly during February following a series of high-grade drill results from its Cerro Bayo silver-gold project in Chile, which continued to demonstrate the scale and continuity of mineralisation. The company also outlined an extensive 65,000m drilling program for 2026 aimed at upgrading resources and advancing the project toward development studies.
— Endeavor Asset Management, Monthly Report, February 2026
What fund managers say they are watching next is delivery of results from the extensive 65,000-metre 2026 drilling program, continued demonstration of scale and continuity of mineralisation at Cerro Bayo, progress toward development studies, and whether the silver price backdrop remains supportive.
Questions
Why did Andean Silver's share price surge 38%?
Andean Silver surged as silver prices climbed 17%, with the company also delivering a series of high-grade drill results at its Cerro Bayo silver-gold project in Chile demonstrating scale and continuity of mineralisation.
What is Andean Silver's 2026 drilling program?
Andean Silver outlined an extensive 65,000-metre drilling program for 2026 aimed at upgrading resources and advancing its Cerro Bayo silver-gold project toward development studies.
Where is Andean Silver's key project located?
Andean Silver's Cerro Bayo silver-gold project is located in Chile, where high-grade drill results have continued to demonstrate the scale and continuity of mineralisation.
3 managers, 14 comments, with each manager's latest recorded position.
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