Aftermath Silver has big plans for Chile projects
The group wants to amass a portfolio of projects that remain 'cost positive' at around US$16 per ounce of silver
Company
CVE:AAG
It is a Canadian based exploration and development company that concentrates its operations and exploration activities in Peru. Andean is focused on precious metals and copper and zinc
87 stories · page 5 of 5
The group wants to amass a portfolio of projects that remain 'cost positive' at around US$16 per ounce of silver
The Cachinal project is located in Chile's Antofagasta region about 40 kilometres (km) east of the Pan American Highway and 16km north of Austral Gold's Guanaco gold-silver mine
The junior miner will retire the $1,075,000 balance of a $1.575 million convertible debenture which was issued to Halo Labs Inc in 2019
Canada’s largest resource-focused merchant bank Palisades Goldcorp is taking a little over 10% stake in the silver explorer
In a statement, the firm also noted that it could not currently mobilize people or equipment to the projects due to the coronavirus crisis
It is also currently designing exploration programs for two silver projects in northern Chile that it had acquired
The Vancouver-based firm has closed a non-brokered private placing of 16.5 million units at C$0.20 each for gross proceeds of C$3.3 million