ASX:ASL
Andean Silver Ltd
Investment Summary
The fund managers believe that Andean Silver Ltd (ASL) presents a compelling investment opportunity due to its strong performance and significant resource growth. In their opinion, the company has demonstrated its potential with shares rising 150% since May 2024 and 41% in January 2025 alone. They noted the substantial increase in resources from 50Moz to 91Moz of silver equivalent, highlighting the simple and continuous geology of the Cerro Bayo project, which supports favorable economics. Additionally, the impact of rising silver and gold prices has positively influenced ASL's net present value. Recent drill results further indicate high-grade extensions beyond existing estimates, positioning the company for continued growth. Anticipating future catalysts, including an upcoming resource update, the fund managers express optimism about ASL’s trajectory and its capacity for future appreciation.
Commentary From The Managers
Endeavor Asset Management
31 Mar 2025
$1.27
- Endeavor Asset Management notes a significant rise of 30% in shares of Andean Silver Ltd. (ASL) over the month.
- This increase has been supported by a 9% rise in gold and silver prices amid growing global uncertainty.
- A critical factor in this rally was the announcement of a new exploration development.
- A geophysics survey at the Cerro Bayo project has identified a compelling 2km-long target.
- Endeavor Asset Management continues to monitor the developments closely.
Endeavor Asset Management
31 Jan 2025
$1.15
- Andean Silver Ltd (ASL) experienced a 41% surge in share price in January.
- This strong performance was supported by a 6% rise in gold prices and 8% increase in silver prices (in AUD).
- Higher metal prices resulted in an improved net present value for ASL’s flagship project, Cerro Bayo.
- Endeavor Asset Management continues to hold due to anticipated key catalysts, including an updated mineral resource estimate.
- Ongoing drilling activities across the company’s tenements are also expected to contribute positively.
Endeavor Asset Management
31 Oct 2024
$1.41
- Andean Silver Ltd. (ASL) performed strongly in October with shares increasing by 14%.
- The silver price rose by 5%, positively impacting the net present value of the Cerro Bayo project.
- Andean reported high-grade hits that extend mineralization outside the current resource.
- Upcoming resource update expected in Q1 CY25 likely to show another material increase in size.
- Endeavor Asset Management took some profits during the month at $1.46/sh.
Endeavor Asset Management
30 Sept 2024
$1.24
- Endeavor Asset Management notes that shares in Andean Silver (ASL) rose by 24% in September, making it the top contributor for the month.
- The company updated its resource, which grew by more than 80% to 91 million ounces of silver equivalent.
- The geology is simple, shallow, and continuous, which bodes well for future economics.
- The share price was further boosted by an 8% increase in the silver price.
- Endeavor Asset Management took some profits in ASL during the month.
Endeavor Asset Management
31 Aug 2024
$0.95
- Endeavor Asset Management recognizes strong performance with Andean Silver (ASL) shares rising 41% over the month
- Expansion of the silver resource area identified extensive outcropping veins in a standalone zone of the flagship Cerro Bayo project
- Exceptional results showcase the world-class potential of the Cerro Bayo project
- Capacity for future growth beyond known resource areas indicated
- Current Indicated and Inferred Mineral Resource Estimate stands at 50Moz at 311g/t of silver-equivalent
- Resource update expected this month, which is highly anticipated
- ASL has increased 150% since initial investment at 45c in May 24
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.