Price, volume & events
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- Last 2026-11-06
- A$1.42
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
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- Mkt cap
- A$326.9M
- EV
- A$256.5M
- Cash
- A$70.5M
- Debt
- A$0
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Sign in or enter a guest codeAnnouncements
Latest 12 of 16All sources ▸- September 2026 Quarterly Activities and Appendix 5BResults
- Andean Board and Management ChangesLeadership
- Application for quotation of securities - ASL (500,000 on conversion)Corporate Action
- Application for quotation of securities - ASL (placement)Corporate Action
- Application for quotation of securities - ASL (500,000 on conversion)Corporate Action
- Interim financial report for the half year ended 30 June 2026Results
- Accelerating Cerro Bayo Restart PresentationPresentation
- Andean Announces Successful A$40 Million RaisingFinancing
- Proposed issue of securities - ASL (Appendix 3B)Corporate Action
- June 2026 Quarterly Activities and Appendix 5BResults
- Application for quotation of securities - ASL (33,334 on conversion)Corporate Action
- Managing Director AppointmentLeadership
Event calendar · next 12 months
4 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Continuous through the 12 months; results released as announced | Infill and resource-growth drilling results (six rigs, continuing) | Exploration | Company Guided | Medium | Drilling is the source of resource conversion and growth that drives the in-situ value. |
| By end CY27 (company guidance) | Feasibility study and maiden Ore Reserve (by end CY27) | Resource Or Reserve | Company Guided | High | Converts part of the resource to Ore Reserve and sets restart capex, which the valuation cannot yet size. |
| Planned for CY27 (company guidance) | Commencement of restart works (mill refurbishment, dewatering, infrastructure) | Construction Or Commissioning | Company Guided | High | Start of the restart spend, which moves the project from care and maintenance towards a funded development decision. |
| Early CY27 (company guidance, 30 Oct 2026) | Cerro Bayo scoping study and updated Mineral Resource (early CY27) | Study | Company Guided | High | First economic study of the restart; the first numbers that can replace resource-calibrated value with a cash-flow valuation. |
Executive roster
As of 2026-11-04Background checks ▸Executives named in the 2026 ASX announcements and the H1 2026 corporate directory; the full senior management list was not in the annual report read, so coverage is partial. Non-executive directors are excluded by rule; the Chair retired on 31 Oct 2026.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Matthew Allen | Managing Director · Chief Executive Officer | Executive Director · Chief Executive | 2026-07-01 | Managing Director Appointment · Leadership Appointments |
| Timothy Laneyrie | General Manager, Strategy and Growth · Technical Director (from Feb 2026) | Technical · Senior Management | 2026-02-23 | Leadership Appointments · Andean Board and Management Changes |
| Alvaro Fuentes | General Manager, Cerro Bayo Asset | Operations · Senior Management | 2026-10-26 | Andean Board and Management Changes |
| Paul Murphy | Manager, Mine Development and Feasibility Planning | Operations · Senior Management | 2026-10-26 | Andean Board and Management Changes |
| Damien Koerber | Executive Advisor, Special Projects | Senior Management | 2026-10-26 | Andean Board and Management Changes |
| Maddison Cramer | Company Secretary | Company Secretary | — | Interim financial report for the half year ended 30 June 2026 |
devCoverage status: Partial
Portfolio detail
Assets
Core asset
Cerro Bayo silver-gold project
CL
Care And Maintenance100% ownedSilverGold
Care and maintenance; 2 mtpa crushing, 500 ktpa SAG/ball mill and flotation plant on warm idle; restart works planned CY27; scoping study due early CY27 and feasibility study with maiden Ore Reserve by end CY27.
- Nameplate capacity
- 5e+05 tpa
- Restart capex
- —
- Contained metal (attributable)
- 55.0m ozd
- Last production year
- 2,017 year
- Target restart
- —
Project location
Approximate location
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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Resources & reserves3
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Indicated | 4.7 Mt | 176 g/t Ag, 2.6 g/t Au, 395 g/t AgEq | Silver · Gold | 2026-06-15 |
| Mineral Resource | Inferred | 15.3 Mt | 57 g/t Ag, 1.2 g/t Au, 155 g/t AgEq | Silver · Gold | 2026-06-15 |
| Mineral Resource | Total Indicated and Inferred | 20 Mt | 85 g/t Ag, 1.5 g/t Au, 211 g/t AgEq | Silver · Gold | 2026-06-15 |
Tenements1
Milestones3
- Scoping study and updated Mineral Resource (early CY27)
Pending · High materiality
- Feasibility study and maiden Ore Reserve (by end CY27)
Pending · High materiality
- Commencement of restart works (CY27)
Pending · High materiality
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Environmental approvals, permitted TSF and waste dumps; active mining permit of about 1.2 Mt | Chile | Granted | — | Yes |
| Closure plan approved by SERNAGEOMIN (21 Feb 2024); closure cost 369,231 UF | Chile | Granted | — | No |
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Funded for the six-rig resource drilling, studies and early restart works into 2027 on current burn; the restart capex and any construction funding are not yet sized, so a financing will be needed before any construction decision.
Capital structure
Ownership and dilution
- Ordinary shares
- 230.2M
- Fully diluted
- 247.5M
212,667,063 shares at 30 Jun 2026 (H1 note 7) + 33,334 (2 Jul conversion) + 16,326,531 placement (9 Sep) + 500,000 (9 Sep conversion) + 500,000 (15 Sep conversion) + 165,000 (17 Sep conversion) = 230,191,928. Options: none outstanding at 30 Jun 2026. Fully diluted adds performance rights 16,340,001 and RSUs 950,122 = 247,482,051 (upper bound).
Security classes3
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Fully paid ordinary shares on issue (derived from 30 Jun 2026 balance plus quotations to 17 Sep 2026) | Ordinary Share | 230.2M | — | — |
| Performance rights outstanding after 2 Jul 2026 conversion (upper bound; Sep conversions may have reduced it) | Performance Right | 16.3M | A$0 | — |
| Restricted stock units outstanding at 30 Jun 2026 | Other | 950.1K | A$0 | — |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-09-09Ann. 2026-09-02 | Raising | A$40M | 16.3M | — | Completed | — |
| 2026-01-06 | Raising | A$6M | 3.2M | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
The Mandalay NSR royalty is disclosed in the Cerro Bayo resource release (pp.35-36). Not yet re-read: the FY2025 report arrangement notes, the 2024 Cerro Bayo acquisition terms and the 2024 deferred-consideration release. No royalty, stream, offtake, JV, hedge or farm-in is identified beyond the Mandalay royalty.
A 2.25 per cent NSR royalty is payable to Mandalay Resources on Cerro Bayo production above the first 50,000 oz gold equivalent; Andean holds the right to buy it back for US$4m cash and US$2m in shares. Mandalay also bears about 50 per cent of mine closure costs.
Royalty · Active- Counterparties
- Mandalay Resources
- Applies to
- Cerro Bayo silver-gold project · Silver · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- NSR royalty rate: 2.25 percent
Royalty threshold (first production excluded): 50,000 oz AgEq
Buy-back cash consideration: 4,000,000 USD
Buy-back share consideration: 2,000,000 USD in shares
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
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Sensitivity lab
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Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
The selected roster is covered without ID changes. Issuer disclosures show substantial mining, finance, exploration, operations, environmental permitting and legal experience, but most biographies provide limited dates and independent credential verification. Andean has documented exploration/resource progress, while its mine has not restarted and feasibility work is future. The SMA records material historic Cerro Bayo compliance issues and an approved corrective programme still in execution at cutoff. A local claimant has reported an unverified complaint naming Damien Koerber; the official public case number/status and allegation merits were not verified. Personal responsibility for company environmental events is generally not established.
Decision-relevant facts
Material summary
Matthew Allen
Managing Director and Chief Executive Officer
Role FitAnalyst Inference · Medium materiality
Experience broadly matches current Managing Director and Chief Executive Officer remit
The issuer identifies Matthew Allen as Managing Director and Chief Executive Officer and describes relevant professional experience in the corporate biography. This supports a limited role-fit inference. Employer biographies are not independently verified, formal qualifications and full career dates remain incomplete, and this is not a personal clearance.
Responsibility not applicable · No personal outcome responsibility is inferred by the role-fit assessment.
Corporate and Management Team · Corporate page lines 48–52
Company SuccessIssuer Reported · Medium materiality
Cerro Bayo resource growth and acquisition are documented at company level
Andean states that it completed the Cerro Bayo acquisition and expanded/established a high-grade silver-gold resource; by 30 June 2026 its reported resource was 136 Moz AgEq. The chairman directly credited Timothy Laneyrie and the team with the acquisition and resource establishment. This is an issuer-reported company outcome; for people other than Laneyrie, individual contribution is not established. The project remains on care and maintenance and current restart/feasibility work is planned, not delivered.
Role overlaps event; causation unproven · The chairman specifically credited Laneyrie and the team with the acquisition/resource establishment; the source does not allocate separate causal responsibility to each manager. For Laneyrie, that is a direct issuer attribution; for other executives, role overlap only.
Annual Report for the transitional year ended 31 December 2025 · Annual Report, Chairman’s Letter; the chair attributes the acquisition and resource establishment to Laneyrie and the team
Cerro Bayo Project · Cerro Bayo Project, resource statement as at 30 June 2026 and forward-work-plans section, lines 56–58 and 80–95
EnvironmentDocumented · Medium materiality
Cerro Bayo environmental compliance programme remains in execution
The SMA initiated case D-029-2024 with four charges against the Cerro Bayo operator relating to dust suppression over tailings, revegetation, groundwater monitoring and related environmental approvals. The official docket shows a compliance programme was approved on 6 November 2025, no sanction is listed, and the programme remained in execution at the cutoff. The annual report describes the matters as historical non-compliance attributable to previous operators and says the programme was approved, suspending the sanctioning process subject to full and timely execution, with no significant environmental damage identified. The regulator record controls on status; issuer characterization is attributed to the issuer. This is a company/project-level record and no reviewed source assigns responsibility to the listed executive.
Role overlaps event; causation unproven · The regulator proceeding names the operating company, not the individual. Current or prior role overlap is not evidence of personal causation; the annual report attributes historic issues to previous operators.
SMA formula cargos a Minera Cerro Bayo por incumplimientos en el control de emisiones de material particulado y compromisos de monitoreo de variables ambientales · SMA release, 3 April 2024, summary and project description
SNIFA sanctioning file D-029-2024, Minera Cerro Bayo · SNIFA case D-029-2024, current state, charges table and document history, including 6 November 2025 approval
Annual Report for the transitional year ended 31 December 2025 · Annual Report, Environmental Regulation, pp. 13–14
Evidence gaps · 2
- No verified education institution or degree was identified in the reviewed sources; the issuer identifies FCPA status but this was not checked directly with the professional body.
- Prior-employer start/end dates beyond Otto Energy (2014–2020) and project-level personal delivery details are not established.
Timothy Laneyrie
Technical Director
Role FitAnalyst Inference · Medium materiality
Experience broadly matches current Technical Director remit
The issuer identifies Timothy Laneyrie as Technical Director and describes relevant professional experience in the corporate biography. This supports a limited role-fit inference. Employer biographies are not independently verified, academic degree and full prior-career dates remain incomplete; the annual report identifies him as an AusIMM member and Competent Person, and this is not a personal clearance.
Responsibility not applicable · No personal outcome responsibility is inferred by the role-fit assessment.
Corporate and Management Team · Corporate page lines 70–74; annual report, Board and Management Changes
Annual Report for the transitional year ended 31 December 2025 · Annual Report, p. 20, Competent Person statement; issuer reports AusIMM membership and full-time Technical Director employment
Company SuccessIssuer Reported · Medium materiality
Cerro Bayo resource growth and acquisition are documented at company level
Andean states that it completed the Cerro Bayo acquisition and expanded/established a high-grade silver-gold resource; by 30 June 2026 its reported resource was 136 Moz AgEq. The chairman directly credited Timothy Laneyrie and the team with the acquisition and resource establishment. This is an issuer-reported company outcome; for people other than Laneyrie, individual contribution is not established. The project remains on care and maintenance and current restart/feasibility work is planned, not delivered.
Individual involvement documented · The chairman specifically credited Laneyrie and the team with the acquisition/resource establishment; the source does not allocate separate causal responsibility to each manager. For Laneyrie, that is a direct issuer attribution; for other executives, role overlap only.
Annual Report for the transitional year ended 31 December 2025 · Annual Report, Chairman’s Letter; the chair attributes the acquisition and resource establishment to Laneyrie and the team
Cerro Bayo Project · Cerro Bayo Project, resource statement as at 30 June 2026 and forward-work-plans section, lines 56–58 and 80–95
EnvironmentDocumented · Medium materiality
Cerro Bayo environmental compliance programme remains in execution
The SMA initiated case D-029-2024 with four charges against the Cerro Bayo operator relating to dust suppression over tailings, revegetation, groundwater monitoring and related environmental approvals. The official docket shows a compliance programme was approved on 6 November 2025, no sanction is listed, and the programme remained in execution at the cutoff. The annual report describes the matters as historical non-compliance attributable to previous operators and says the programme was approved, suspending the sanctioning process subject to full and timely execution, with no significant environmental damage identified. The regulator record controls on status; issuer characterization is attributed to the issuer. This is a company/project-level record and no reviewed source assigns responsibility to the listed executive.
Role overlaps event; causation unproven · The regulator proceeding names the operating company, not the individual. Current or prior role overlap is not evidence of personal causation; the annual report attributes historic issues to previous operators.
SMA formula cargos a Minera Cerro Bayo por incumplimientos en el control de emisiones de material particulado y compromisos de monitoreo de variables ambientales · SMA release, 3 April 2024, summary and project description
SNIFA sanctioning file D-029-2024, Minera Cerro Bayo · SNIFA case D-029-2024, current state, charges table and document history, including 6 November 2025 approval
Annual Report for the transitional year ended 31 December 2025 · Annual Report, Environmental Regulation, pp. 13–14
Personal SuccessIssuer Reported · Medium materiality
Chairman attributes Cerro Bayo acquisition and resource establishment to Laneyrie and team
In the annual report, the chairman thanks Laneyrie for a pivotal role in helping Andean acquire Cerro Bayo and establish a high-grade silver-gold resource. This is an explicit issuer attribution; the source does not isolate his share of the team outcome or establish production delivery.
Individual involvement documented · The chairman explicitly names Laneyrie and describes his contribution; the extent of individual decision authority or technical work is not quantified.
Annual Report for the transitional year ended 31 December 2025 · Annual Report, Chairman’s Letter; the chair attributes the acquisition and resource establishment to Laneyrie and the team
Cerro Bayo Project · Cerro Bayo Project, resource statement as at 30 June 2026 and forward-work-plans section, lines 56–58 and 80–95
Evidence gaps · 2
- No university or academic degree was disclosed in reviewed sources; the issuer identifies Laneyrie as a geologist and the annual report identifies him as a Member of AusIMM/Competent Person, but membership was not checked directly with the professional body.
- Dates and decision authority in Northern Star/Saracen transactions were not established.
Damien Koerber
Chief Operating Officer – Americas and General Manager Exploration
Role FitAnalyst Inference · Medium materiality
Experience broadly matches current Chief Operating Officer – Americas and General Manager Exploration remit
The issuer identifies Damien Koerber as Chief Operating Officer – Americas and General Manager Exploration and describes relevant professional experience in the corporate biography. This supports a limited role-fit inference. Employer biographies are not independently verified, formal qualifications and full career dates remain incomplete, and this is not a personal clearance.
Responsibility not applicable · No personal outcome responsibility is inferred by the role-fit assessment.
Corporate and Management Team · Corporate page lines 80–84; 2025 presentation management team slide
Company SuccessIssuer Reported · Medium materiality
Cerro Bayo resource growth and acquisition are documented at company level
Andean states that it completed the Cerro Bayo acquisition and expanded/established a high-grade silver-gold resource; by 30 June 2026 its reported resource was 136 Moz AgEq. The chairman directly credited Timothy Laneyrie and the team with the acquisition and resource establishment. This is an issuer-reported company outcome; for people other than Laneyrie, individual contribution is not established. The project remains on care and maintenance and current restart/feasibility work is planned, not delivered.
Role overlaps event; causation unproven · The chairman specifically credited Laneyrie and the team with the acquisition/resource establishment; the source does not allocate separate causal responsibility to each manager. For Laneyrie, that is a direct issuer attribution; for other executives, role overlap only.
Annual Report for the transitional year ended 31 December 2025 · Annual Report, Chairman’s Letter; the chair attributes the acquisition and resource establishment to Laneyrie and the team
Cerro Bayo Project · Cerro Bayo Project, resource statement as at 30 June 2026 and forward-work-plans section, lines 56–58 and 80–95
EnvironmentDocumented · Medium materiality
Cerro Bayo environmental compliance programme remains in execution
The SMA initiated case D-029-2024 with four charges against the Cerro Bayo operator relating to dust suppression over tailings, revegetation, groundwater monitoring and related environmental approvals. The official docket shows a compliance programme was approved on 6 November 2025, no sanction is listed, and the programme remained in execution at the cutoff. The annual report describes the matters as historical non-compliance attributable to previous operators and says the programme was approved, suspending the sanctioning process subject to full and timely execution, with no significant environmental damage identified. The regulator record controls on status; issuer characterization is attributed to the issuer. This is a company/project-level record and no reviewed source assigns responsibility to the listed executive.
Role overlaps event; causation unproven · The regulator proceeding names the operating company, not the individual. Current or prior role overlap is not evidence of personal causation; the annual report attributes historic issues to previous operators.
SMA formula cargos a Minera Cerro Bayo por incumplimientos en el control de emisiones de material particulado y compromisos de monitoreo de variables ambientales · SMA release, 3 April 2024, summary and project description
SNIFA sanctioning file D-029-2024, Minera Cerro Bayo · SNIFA case D-029-2024, current state, charges table and document history, including 6 November 2025 approval
Annual Report for the transitional year ended 31 December 2025 · Annual Report, Environmental Regulation, pp. 13–14
LegalAlleged · Medium materiality
Local claimant reports a criminal complaint and alleges historical Los Domos and current conflict concerns
A local activist/blog publisher, Andrés Gillmore, states that he filed a criminal complaint naming Damien Koerber and cites RUC 2601282110-6. The post alleges Koerber was involved as Southern Gold operations manager in 2017 Los Domos activity and accuses him/Andean of current improper influence through community-project support. These are allegations by the claimant, not findings of fact. The historic corporate exploration matter is separately supported by SMA’s official record: its docket shows a 2021 requirement for Southern Gold to enter Los Domos into Chile’s environmental assessment system and later process documents; it shows no associated sanctioning proceeding in that requirement file. The claimant’s further assertion of an active complaint could not be verified against an official public docket or disposition by the cutoff. No evidence reviewed establishes that community collaboration was improper.
Responsibility unresolved · The claimant names Koerber and cites a case number, but the complaint itself, an official docket, charging document, or judicial determination was not located. The SMA matter establishes company-level regulatory history; it does not establish individual wrongdoing. No finding of misconduct is made.
Denuncia en contra del representante legal y gerente de operaciones de minera Southern Gold SpA (Equus) y Andean Silver SpA · AQUIAYSÉN post, 20 August 2026, lines/sections “Exposición de hechos” and “Denuncia” (claimed RUC, allegations and alleged community support)
SNIFA requirement to enter Los Domos exploration into environmental assessment, REQ-006-2019 · SNIFA REQ-006-2019, file state, document history, requirement and no associated sanctioning proceeding
Evidence gaps · 3
- No education or professional-membership details were identified in the reviewed sources.
- Exact employer tenures, project-specific responsibilities, and complete safety/legal histories were not established.
- A local activist says a criminal complaint was lodged naming Koerber (RUC 2601282110-6), but the complaint document and any official case disposition were not located; the claims remain unverified allegations.
Alex Forster
Exploration Manager
Role FitAnalyst Inference · Medium materiality
Experience broadly matches current Exploration Manager remit
The issuer identifies Alex Forster as Exploration Manager and describes relevant professional experience in the corporate biography. This supports a limited role-fit inference. Employer biographies are not independently verified, formal qualifications and full career dates remain incomplete, and this is not a personal clearance.
Responsibility not applicable · No personal outcome responsibility is inferred by the role-fit assessment.
Corporate and Management Team · Corporate page lines 90–94; November 2025 presentation management team slide
Company SuccessIssuer Reported · Medium materiality
Cerro Bayo resource growth and acquisition are documented at company level
Andean states that it completed the Cerro Bayo acquisition and expanded/established a high-grade silver-gold resource; by 30 June 2026 its reported resource was 136 Moz AgEq. The chairman directly credited Timothy Laneyrie and the team with the acquisition and resource establishment. This is an issuer-reported company outcome; for people other than Laneyrie, individual contribution is not established. The project remains on care and maintenance and current restart/feasibility work is planned, not delivered.
Role overlaps event; causation unproven · The chairman specifically credited Laneyrie and the team with the acquisition/resource establishment; the source does not allocate separate causal responsibility to each manager. For Laneyrie, that is a direct issuer attribution; for other executives, role overlap only.
Annual Report for the transitional year ended 31 December 2025 · Annual Report, Chairman’s Letter; the chair attributes the acquisition and resource establishment to Laneyrie and the team
Cerro Bayo Project · Cerro Bayo Project, resource statement as at 30 June 2026 and forward-work-plans section, lines 56–58 and 80–95
EnvironmentDocumented · Medium materiality
Cerro Bayo environmental compliance programme remains in execution
The SMA initiated case D-029-2024 with four charges against the Cerro Bayo operator relating to dust suppression over tailings, revegetation, groundwater monitoring and related environmental approvals. The official docket shows a compliance programme was approved on 6 November 2025, no sanction is listed, and the programme remained in execution at the cutoff. The annual report describes the matters as historical non-compliance attributable to previous operators and says the programme was approved, suspending the sanctioning process subject to full and timely execution, with no significant environmental damage identified. The regulator record controls on status; issuer characterization is attributed to the issuer. This is a company/project-level record and no reviewed source assigns responsibility to the listed executive.
Employer context; no individual link established · The regulator proceeding names the operating company, not the individual. Current or prior role overlap is not evidence of personal causation; the annual report attributes historic issues to previous operators.
SMA formula cargos a Minera Cerro Bayo por incumplimientos en el control de emisiones de material particulado y compromisos de monitoreo de variables ambientales · SMA release, 3 April 2024, summary and project description
SNIFA sanctioning file D-029-2024, Minera Cerro Bayo · SNIFA case D-029-2024, current state, charges table and document history, including 6 November 2025 approval
Annual Report for the transitional year ended 31 December 2025 · Annual Report, Environmental Regulation, pp. 13–14
Evidence gaps · 2
- No degree, university, geology accreditation or professional membership was verified; the issuer identifies her as an exploration geologist.
- Exact prior role dates and attributable discovery outcomes were not disclosed in reviewed sources.
Alvaro Fuentes
General Manager – Operations
Role FitAnalyst Inference · Medium materiality
Experience broadly matches current General Manager – Operations remit
The issuer identifies Alvaro Fuentes as General Manager – Operations and describes relevant professional experience in the corporate biography. This supports a limited role-fit inference. Employer biographies are not independently verified, formal qualifications and full career dates remain incomplete, and this is not a personal clearance.
Responsibility not applicable · No personal outcome responsibility is inferred by the role-fit assessment.
Corporate and Management Team · Corporate page lines 85–89; November 2025 presentation slide 11
Company SuccessIssuer Reported · Medium materiality
Cerro Bayo resource growth and acquisition are documented at company level
Andean states that it completed the Cerro Bayo acquisition and expanded/established a high-grade silver-gold resource; by 30 June 2026 its reported resource was 136 Moz AgEq. The chairman directly credited Timothy Laneyrie and the team with the acquisition and resource establishment. This is an issuer-reported company outcome; for people other than Laneyrie, individual contribution is not established. The project remains on care and maintenance and current restart/feasibility work is planned, not delivered.
Role overlaps event; causation unproven · The chairman specifically credited Laneyrie and the team with the acquisition/resource establishment; the source does not allocate separate causal responsibility to each manager. For Laneyrie, that is a direct issuer attribution; for other executives, role overlap only.
Annual Report for the transitional year ended 31 December 2025 · Annual Report, Chairman’s Letter; the chair attributes the acquisition and resource establishment to Laneyrie and the team
Cerro Bayo Project · Cerro Bayo Project, resource statement as at 30 June 2026 and forward-work-plans section, lines 56–58 and 80–95
EnvironmentDocumented · Medium materiality
Cerro Bayo environmental compliance programme remains in execution
The SMA initiated case D-029-2024 with four charges against the Cerro Bayo operator relating to dust suppression over tailings, revegetation, groundwater monitoring and related environmental approvals. The official docket shows a compliance programme was approved on 6 November 2025, no sanction is listed, and the programme remained in execution at the cutoff. The annual report describes the matters as historical non-compliance attributable to previous operators and says the programme was approved, suspending the sanctioning process subject to full and timely execution, with no significant environmental damage identified. The regulator record controls on status; issuer characterization is attributed to the issuer. This is a company/project-level record and no reviewed source assigns responsibility to the listed executive.
Role overlaps event; causation unproven · The regulator proceeding names the operating company, not the individual. Current or prior role overlap is not evidence of personal causation; the annual report attributes historic issues to previous operators.
SMA formula cargos a Minera Cerro Bayo por incumplimientos en el control de emisiones de material particulado y compromisos de monitoreo de variables ambientales · SMA release, 3 April 2024, summary and project description
SNIFA sanctioning file D-029-2024, Minera Cerro Bayo · SNIFA case D-029-2024, current state, charges table and document history, including 6 November 2025 approval
Annual Report for the transitional year ended 31 December 2025 · Annual Report, Environmental Regulation, pp. 13–14
Evidence gaps · 2
- No verified education, qualification or professional-membership details were identified.
- The issuer presentation's historical claims about asset sales over A$100 million do not name the transactions or define his individual responsibility; no individual achievement finding is assigned.
Sofia Aravena
Environment Manager
Role FitAnalyst Inference · Medium materiality
Experience broadly matches current Environment Manager remit
The issuer identifies Sofia Aravena as Environment Manager and describes relevant professional experience in the corporate biography. This supports a limited role-fit inference. Employer biographies are not independently verified, formal qualifications and full career dates remain incomplete, and this is not a personal clearance.
Responsibility not applicable · No personal outcome responsibility is inferred by the role-fit assessment.
Corporate and Management Team · Corporate page lines 95–99; 2025 Annual Report (RSU holders); November 2025 presentation
Company SuccessIssuer Reported · Medium materiality
Cerro Bayo resource growth and acquisition are documented at company level
Andean states that it completed the Cerro Bayo acquisition and expanded/established a high-grade silver-gold resource; by 30 June 2026 its reported resource was 136 Moz AgEq. The chairman directly credited Timothy Laneyrie and the team with the acquisition and resource establishment. This is an issuer-reported company outcome; for people other than Laneyrie, individual contribution is not established. The project remains on care and maintenance and current restart/feasibility work is planned, not delivered.
Role overlaps event; causation unproven · The chairman specifically credited Laneyrie and the team with the acquisition/resource establishment; the source does not allocate separate causal responsibility to each manager. For Laneyrie, that is a direct issuer attribution; for other executives, role overlap only.
Annual Report for the transitional year ended 31 December 2025 · Annual Report, Chairman’s Letter; the chair attributes the acquisition and resource establishment to Laneyrie and the team
Cerro Bayo Project · Cerro Bayo Project, resource statement as at 30 June 2026 and forward-work-plans section, lines 56–58 and 80–95
EnvironmentDocumented · Medium materiality
Cerro Bayo environmental compliance programme remains in execution
The SMA initiated case D-029-2024 with four charges against the Cerro Bayo operator relating to dust suppression over tailings, revegetation, groundwater monitoring and related environmental approvals. The official docket shows a compliance programme was approved on 6 November 2025, no sanction is listed, and the programme remained in execution at the cutoff. The annual report describes the matters as historical non-compliance attributable to previous operators and says the programme was approved, suspending the sanctioning process subject to full and timely execution, with no significant environmental damage identified. The regulator record controls on status; issuer characterization is attributed to the issuer. This is a company/project-level record and no reviewed source assigns responsibility to the listed executive.
Role overlaps event; causation unproven · The regulator proceeding names the operating company, not the individual. Current or prior role overlap is not evidence of personal causation; the annual report attributes historic issues to previous operators.
SMA formula cargos a Minera Cerro Bayo por incumplimientos en el control de emisiones de material particulado y compromisos de monitoreo de variables ambientales · SMA release, 3 April 2024, summary and project description
SNIFA sanctioning file D-029-2024, Minera Cerro Bayo · SNIFA case D-029-2024, current state, charges table and document history, including 6 November 2025 approval
Annual Report for the transitional year ended 31 December 2025 · Annual Report, Environmental Regulation, pp. 13–14
Evidence gaps · 2
- No verified university, degree, geology/hydrogeology qualification, professional licence or membership was identified.
- Exact dates for Chilean public service and consulting roles were not disclosed.
Maddison Cramer
Company Secretary
Role FitAnalyst Inference · Medium materiality
Experience broadly matches current Company Secretary remit
The issuer identifies Maddison Cramer as Company Secretary and describes relevant professional experience in the corporate biography. This supports a limited role-fit inference. Employer biographies are not independently verified, degree institutions, direct qualification verification and full career dates remain incomplete, and this is not a personal clearance.
Responsibility not applicable · No personal outcome responsibility is inferred by the role-fit assessment.
Corporate and Management Team · Corporate page lines 100–104; annual report, corporate directory
Annual Report for the transitional year ended 31 December 2025 · Annual Report, p. 25, Company Secretary; reported qualifications and career biography
Company SuccessIssuer Reported · Medium materiality
Cerro Bayo resource growth and acquisition are documented at company level
Andean states that it completed the Cerro Bayo acquisition and expanded/established a high-grade silver-gold resource; by 30 June 2026 its reported resource was 136 Moz AgEq. The chairman directly credited Timothy Laneyrie and the team with the acquisition and resource establishment. This is an issuer-reported company outcome; for people other than Laneyrie, individual contribution is not established. The project remains on care and maintenance and current restart/feasibility work is planned, not delivered.
Role overlaps event; causation unproven · The chairman specifically credited Laneyrie and the team with the acquisition/resource establishment; the source does not allocate separate causal responsibility to each manager. For Laneyrie, that is a direct issuer attribution; for other executives, role overlap only.
Annual Report for the transitional year ended 31 December 2025 · Annual Report, Chairman’s Letter; the chair attributes the acquisition and resource establishment to Laneyrie and the team
Cerro Bayo Project · Cerro Bayo Project, resource statement as at 30 June 2026 and forward-work-plans section, lines 56–58 and 80–95
EnvironmentDocumented · Medium materiality
Cerro Bayo environmental compliance programme remains in execution
The SMA initiated case D-029-2024 with four charges against the Cerro Bayo operator relating to dust suppression over tailings, revegetation, groundwater monitoring and related environmental approvals. The official docket shows a compliance programme was approved on 6 November 2025, no sanction is listed, and the programme remained in execution at the cutoff. The annual report describes the matters as historical non-compliance attributable to previous operators and says the programme was approved, suspending the sanctioning process subject to full and timely execution, with no significant environmental damage identified. The regulator record controls on status; issuer characterization is attributed to the issuer. This is a company/project-level record and no reviewed source assigns responsibility to the listed executive.
Employer context; no individual link established · The regulator proceeding names the operating company, not the individual; the annual report attributes historic issues to previous operators. No environmental-management responsibility or personal causation is established for the company secretary.
SMA formula cargos a Minera Cerro Bayo por incumplimientos en el control de emisiones de material particulado y compromisos de monitoreo de variables ambientales · SMA release, 3 April 2024, summary and project description
SNIFA sanctioning file D-029-2024, Minera Cerro Bayo · SNIFA case D-029-2024, current state, charges table and document history, including 6 November 2025 approval
Annual Report for the transitional year ended 31 December 2025 · Annual Report, Environmental Regulation, pp. 13–14
Evidence gaps · 2
- The annual report states LLB and BA (Hons), but does not name the institutions; the degrees and professional status were not checked directly with awarding institutions or a professional body.
- Exact date ranges for private practice and prior secretary roles were not disclosed.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-03-13
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 24.41% | 51,846,969 | |
| 2 | 16.78% | 30,685,928 | |
| 3 | 7.99% | 17,084,051 | |
| 4 | 7.23% | 15,213,451 | |
| 5 | 3.83% | 8,024,048 | |
| 6 | 3.44% | 7,452,641 | |
| 7 | 3.41% | 7,245,451 | |
| 8 | 1.65% | 3,516,216 | |
| 9 | 1.18% | 2,503,359 | |
| 10 | 0.97% | 2,380,230 | |
| 11 | 0.91% | 1,931,048 | |
| 12 | 0.89% | 1,892,857 | |
| 13 | 0.85% | 1,805,301 | |
| 14 | 0.72% | 1,500,942 | |
| 15 | 0.63% | 1,332,672 | |
| 16 | 0.60% | 1,278,108 | |
| 17 | 0.49% | 1,040,834 | |
| 18 | 0.43% | 906,216 | |
| 19 | 0.42% | 895,785 | |
| 20 | 0.37% | 794,849 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 7.75%Voting power | 2026-03-13 | |
| 6.32%Voting power | 2026-03-13 | |
| 5.72%Voting power | 2026-03-13 | |
| 5.52%Voting power | 2026-03-13 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- Three Symorgh Investments entries appear separately; rank labels preserve the issuer’s rows. Nominees and custody accounts may represent beneficial owners not named in the report.
- The annual report states 212,667,063 total ordinary shares in its spread table, but several top-20 percentages do not reconcile to that denominator. Issuer percentages are retained; register denominator is null pending clarification.
Sources
- Annual Report to shareholders
Andean Silver Limited / ASX · Published 2026-03-24 · Accessed 2026-10-09
Lists 20 registered ordinary accounts and the reported substantial holders as at 13 March 2026.
PDF pages 118-119, ASX Additional Shareholder Information as at 13 March 2026 / Twenty largest and Substantial Shareholders
Disclosed activity
Insider transactions
Trading activity5 buys · 2 sells shownNet cash last 12 months −A$869.2kShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-01-06 | David SouthamLynnette Edwards
Details & evidence for David Southam on 2026-01-06As disclosed: Acquired 16,216 shares through Share Purchase Plan at A$1.85 per share.
director · Start not disclosed Lynnette Edwards · spouse; director notice reports her as David Southam’s indirect-interest holder Change of Director's Interest Notice x 2 ↗ | SubscriptionFully paid ordinary shares | 16,216 | — | AUD 1.85Disclosed price | — |
| 2026-01-06 | Raymond ShorrocksSpring Street Holdings Pty Ltd
Details & evidence for Raymond Shorrocks on 2026-01-06As disclosed: Acquired 16,216 shares through Share Purchase Plan at A$1.85 per share.
director · Start not disclosed Spring Street Holdings Pty Ltd · director-reported indirect-interest account Change of Director's Interest Notice x 2 ↗ | SubscriptionFully paid ordinary shares | 16,216 | — | AUD 1.85Disclosed price | — |
| 2025-12-19 | David SouthamLynnette Edwards
Details & evidence for David Southam on 2025-12-19As disclosed: On-market sale of 140,000 shares at average A$2.12 per share.
director · Start not disclosed Lynnette Edwards · spouse; director notice reports her as David Southam’s indirect-interest holder Change of Director's Interest Notice x 2 ↗ | SaleFully paid ordinary shares | 140,000 | AUD 296,800.00 | AUD 2.12Disclosed price | — |
| 2025-12-18 | Raymond ShorrocksSpring Street Holdings Pty Ltd
Details & evidence for Raymond Shorrocks on 2025-12-18As disclosed: On-market sale of 270,000 shares at average A$2.12 per share.
director · Start not disclosed Spring Street Holdings Pty Ltd · director-reported indirect-interest account Change of Director's Interest Notice x 2 ↗ | SaleFully paid ordinary shares | 270,000 | AUD 572,400.00 | AUD 2.12Disclosed price | — |
| 2025-01-15 | Raymond ShorrocksSpring Street Holdings Pty Ltd
Details & evidence for Raymond Shorrocks on 2025-01-15As disclosed: Issue of 2,000,000 shares on exercise of vested Class J performance rights.
director · Start not disclosed Spring Street Holdings Pty Ltd · director-reported indirect-interest account Change of Director's Interest Notice ↗ | ExerciseFully paid ordinary shares | 2,000,000 | —Non Cash | — | — |
| 2024-12-24 | David Southam
Details & evidence for David Southam on 2024-12-24As disclosed: Issue of 1,500,000 performance rights as incentives/director services.
director · Start not disclosed Lynnette Edwards · spouse; director notice reports her as David Southam’s indirect-interest holder Change of Director's Interest Notice ↗ | GrantPerformance Rights (expiry 31 December 2028) | 1,500,000 | —Non Cash | — | — |
| 2023-02-02 | Patrick GowansOgg Pty Ltd
Details & evidence for Patrick Gowans on 2023-02-02As disclosed: Placement of 53,570 ordinary shares held through Ogg Pty Ltd.
director · Start not disclosed Ogg Pty Ltd · director-reported indirect-interest account Gowachacca Pty Ltd · director-reported indirect-interest account Appendix 3Y x 2 ↗ | SubscriptionFully paid ordinary shares | 53,570 | AUD 7,499.80 | AUD 0.14Disclosed price | — |
| 2023-02-02 | Patrick GowansGowachacca Pty Ltd
Details & evidence for Patrick Gowans on 2023-02-02As disclosed: Placement of 107,143 ordinary shares held through Gowachacca Pty Ltd.
director · Start not disclosed Ogg Pty Ltd · director-reported indirect-interest account Gowachacca Pty Ltd · director-reported indirect-interest account Appendix 3Y x 2 ↗ | SubscriptionFully paid ordinary shares | 107,143 | AUD 15,000.02 | AUD 0.14Disclosed price | — |
| 2023-02-02 | Clinton CareyCyprus Investments Pty Ltd
Details & evidence for Clinton Carey on 2023-02-02As disclosed: Placement of 71,428 ordinary shares held through Cyprus Investments Pty Ltd.
director · Start not disclosed Cyprus Investments Pty Ltd · director-reported indirect-interest account Appendix 3Y x 2 ↗ | SubscriptionFully paid ordinary shares | 71,428 | AUD 9,999.92 | AUD 0.14Disclosed price | — |
Disclosed holding observations7 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2026-07-01 | Matthew Allen
Details & evidence for Matthew Allen on 2026-07-01Initial director-interest snapshot; not a transaction.
director · Start not disclosed Initial Director's Interest Notice ↗ | InitialClass AA performance rights | 233,333 | — |
| 2026-07-01 | Matthew Allen
Details & evidence for Matthew Allen on 2026-07-01Initial director-interest snapshot; not a transaction.
director · Start not disclosed Initial Director's Interest Notice ↗ | InitialClass AB performance rights | 233,333 | — |
| 2026-07-01 | Matthew Allen
Details & evidence for Matthew Allen on 2026-07-01Initial director-interest snapshot; not a transaction.
director · Start not disclosed Initial Director's Interest Notice ↗ | InitialClass AC performance rights | 233,334 | — |
| 2026-07-01 | Matthew Allen
Details & evidence for Matthew Allen on 2026-07-01Initial director-interest snapshot; not a transaction.
director · Start not disclosed Initial Director's Interest Notice ↗ | InitialClass AI performance rights | 166,666 | — |
| 2026-07-01 | Matthew Allen
Details & evidence for Matthew Allen on 2026-07-01Initial director-interest snapshot; not a transaction.
director · Start not disclosed Initial Director's Interest Notice ↗ | InitialClass AJ performance rights | 166,667 | — |
| 2026-07-01 | Matthew Allen
Details & evidence for Matthew Allen on 2026-07-01Initial director-interest snapshot; not a transaction.
director · Start not disclosed Initial Director's Interest Notice ↗ | InitialClass AK performance rights | 166,667 | — |
| 2023-02-07 | Raymond Shorrocks
Details & evidence for Raymond Shorrocks on 2023-02-07Initial reported position. The notice also describes proposed 2,000,000 performance rights subject to shareholder approval; no rights issue is recorded as executed here.
director · Start not disclosed Spring Street Holdings Pty Ltd · director-reported indirect-interest account Initial Director's Interest Notice ↗ | InitialFully paid ordinary shares | 357,143 | — |
The closest covered peers
Peer comparison
Peer comparison pending
No peer comparison has been saved for this company.
An on-demand analysis selects up to five closest peers and checks what their differences mean for independent fair value.
Narrative and provenance
Research & Sources
AI Analyst Report
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory24 documents
ASX ASL reference close, 4 Nov 2026 (local price database)Market Data · LowExtracted
Latest eligible local close: A$1.315 on 4 Nov 2026 (fresh, 0 days), volume 1,154,812, from the local market database (market data provider feed), security: one ASX ASL ordinary share.
- Document ID
- asl-reference-price-2026-11-04
- Published UTC
- 2026-11-03T22:00:00Z
- Projects
- cerro-bayo
- Commodities
- silver
Market snapshot: silver spot and trailing averages, price performance, liquidity (4 Nov 2026)Commodity Data · LowExtracted
Output of miners.v8db.market_snapshot ASL --cutoff 2026-11-04: silver spot US$49.59/oz (3 Nov 2026), 1-year average US$69.03/oz, 3-year average US$44.03/oz; gold spot US$3,940/oz; ASL 12-month return -17.8 per cent; 20-day average traded value A$1.54m; 52-week range A$1.315 to A$2.90.
- Document ID
- asl-market-snapshot-2026-11-04
- Published UTC
- 2026-11-03T22:00:00Z
- Projects
- cerro-bayo
- Commodities
- silver · gold
Peer metrics from the local v8 stock database (silver-primary published runs)Market Data · LowExtracted
Latest stock_daily rows (4 Nov 2026) for silver-primary peers BMC, BML, ILT and USL: EV per attributable resource A$2.10, A$1.48, A$0.10 and A$0.92 per oz AgEq/Ag; used for the peer table and the unit-benchmark cross-check.
- Document ID
- asl-peer-database-2026-11-04
- Published UTC
- 2026-11-03T22:00:00Z
- Projects
- cerro-bayo
- Commodities
- silver
Management assessment summary (local research product)Governance · LowMetadata Only
management/ASL/summary.md: executive assessment (score 56/100, low evidence confidence); notes a historic Cerro Bayo compliance record with a corrective programme in execution and an unverified local complaint naming an executive (not verified).
- Document ID
- asl-management-summary
- Published UTC
- 2026-11-03T22:00:00Z
- Projects
- cerro-bayo
- Commodities
- silver
Top-20 register and substantial holders (local research product)Governance · LowMetadata Only
ownership/ASL/investors.json: top-20 holders and substantial holders, read for the ownership section; cross-checked with the Oct 2026 change in substantial holding notice (downloads).
- Document ID
- asl-ownership-investors
- Published UTC
- 2026-11-03T22:00:00Z
- Projects
- cerro-bayo
- Commodities
- silver
Insider dealings from data/insider-transactions.db (miners.insider_transactions show ASL)Governance · LowMetadata Only
Directors' dealings in the local insider database, including the 6 Jan 2026 SPP subscription by David Southam (16,216 shares at A$1.85).
- Document ID
- asl-insider-dealings
- Published UTC
- 2026-11-03T22:00:00Z
- Projects
- cerro-bayo
- Commodities
- silver
September 2026 Quarterly Activities and Appendix 5BResults · HighExtracted
Quarterly activities and Appendix 5B for the quarter to 30 Sep 2026: cash A$70.5m after A$40m placement; Q3 operating outflow A$3.2m, investing A$6.8m; MRE 136Moz AgEq (15 Jun 2026); Chair retirement and Cerro Bayo management changes; restart works planned CY27.
- Document ID
- asl-q3-2026-5b
- Published UTC
- 2026-10-29T21:07:29Z
- Projects
- cerro-bayo
- Commodities
- silver · gold
Andean Board and Management ChangesLeadership · MediumExtracted
Chair David Southam retires effective 31 Oct 2026; Ray Shorrocks interim Chair; Alvaro Fuentes GM Cerro Bayo Asset; Paul Murphy Manager Mine Development; Tim Laneyrie GM Strategy and Growth; Damien Koerber Executive Advisor.
- Document ID
- asl-board-changes-2026-10-26
- Published UTC
- 2026-10-25T22:38:51Z
- Projects
- cerro-bayo
- Commodities
- silver
Secondary reporting of the World Silver Survey 2026 (Metals Focus and Silver Institute): sixth straight deficitCommodity Data · MediumMetadata Only
Secondary press reporting (Engineering News, 12 Oct 2026) of the Silver Institute World Silver Survey 2026: 2026 deficit forecast 46.3 Moz, sixth successive deficit, demand down 2 per cent to 1.11 Boz, mine supply about 820 Moz; the primary survey PDF was not retrieved.
- Document ID
- asl-silver-outlook-2026
- Published UTC
- 2026-10-11T22:00:00Z
- Projects
- cerro-bayo
- Commodities
- silver
Application for quotation of securities - ASL (165,000 on conversion)Corporate Action · LowExtracted
Appendix 2A: 165,000 ordinary shares quoted on conversion, 17 Sep 2026 (a duplicate copy, ASL_11ed26116e43bfe6, is the same release).
- Document ID
- asl-2a-conv-sep17-2026
- Published UTC
- 2026-09-16T23:00:00Z
- Projects
- cerro-bayo
- Commodities
- silver
Application for quotation of securities - ASL (500,000 on conversion)Corporate Action · LowExtracted
Appendix 2A: 500,000 ordinary shares quoted on conversion, 15 Sep 2026.
- Document ID
- asl-2a-conv-sep15-2026
- Published UTC
- 2026-09-15T07:19:41Z
- Projects
- cerro-bayo
- Commodities
- silver
Application for quotation of securities - ASL (placement)Corporate Action · MediumExtracted
Appendix 2A: 16,326,531 ordinary shares quoted, issued 9 Sep 2026.
- Document ID
- asl-2a-placement-2026
- Published UTC
- 2026-09-08T23:38:29Z
- Projects
- cerro-bayo
- Commodities
- silver
Application for quotation of securities - ASL (500,000 on conversion)Corporate Action · LowExtracted
Appendix 2A: 500,000 ordinary shares quoted on exercise or conversion, 9 Sep 2026.
- Document ID
- asl-2a-conv-sep09-2026
- Published UTC
- 2026-09-08T23:37:14Z
- Projects
- cerro-bayo
- Commodities
- silver
Interim financial report for the half year ended 30 June 2026Results · HighExtracted
Six-month interim report to 30 Jun 2026 (first half under a 31 Dec year-end): cash A$42.7m, equity A$74.3m, net loss A$11.6m, operating outflow A$8.9m, E&E spend A$10.6m; 212,667,063 shares at 30 Jun 2026; performance rights 16.37m; no revenue.
- Document ID
- asl-h1-2026-accounts
- Published UTC
- 2026-09-02T08:55:51Z
- Projects
- cerro-bayo
- Commodities
- silver · gold
Accelerating Cerro Bayo Restart PresentationPresentation · HighExtracted
Company presentation for the A$40m placement: restart pathway (scoping study within six months, feasibility study and maiden Ore Reserve by end CY27), existing 2 mtpa crushing and 500 ktpa SAG/ball mill infrastructure on warm idle, historical production 2.4-2.8 Moz silver per year, no economic study yet released.
- Document ID
- asl-restart-presentation-2026
- Published UTC
- 2026-09-01T23:37:24Z
- Projects
- cerro-bayo
- Commodities
- silver · gold
Andean Announces Successful A$40 Million RaisingFinancing · HighExtracted
Institutional placement of about A$40m (before costs) at A$2.45 per share, 16,326,531 shares, 13.7 per cent discount to the 28 Aug close.
- Document ID
- asl-placement-release-2026
- Published UTC
- 2026-09-01T23:30:49Z
- Projects
- cerro-bayo
- Commodities
- silver · gold
Proposed issue of securities - ASL (Appendix 3B)Corporate Action · MediumExtracted
Appendix 3B for 16,326,531 placement shares, issue date 9 Sep 2026.
- Document ID
- asl-3b-placement-2026
- Published UTC
- 2026-09-01T23:31:14Z
- Projects
- cerro-bayo
- Commodities
- silver
June 2026 Quarterly Activities and Appendix 5BResults · LowExtracted
Quarterly activities to 30 Jun 2026 (cash A$42.7m at quarter end, consistent with the half-year report). Read for cross-check only; quarterly history uses the half-year report.
- Document ID
- asl-q2-2026-5b
- Published UTC
- 2026-07-28T23:16:09Z
- Projects
- cerro-bayo
- Commodities
- silver · gold
Application for quotation of securities - ASL (33,334 on conversion)Corporate Action · LowExtracted
Appendix 2A: 33,334 ordinary shares quoted on conversion of performance rights, 2 Jul 2026.
- Document ID
- asl-2a-jul02-2026
- Published UTC
- 2026-07-02T07:39:55Z
- Projects
- cerro-bayo
- Commodities
- silver
Managing Director AppointmentLeadership · MediumExtracted
Matthew Allen appointed Managing Director from 1 July 2026, Board-level executive leadership.
- Document ID
- asl-md-appointment-2026-07-01
- Published UTC
- 2026-06-30T23:16:34Z
- Projects
- cerro-bayo
- Commodities
- silver
Andean's Indicated Resource Increases by 230% to 60Moz AgEqResource Update · HighExtracted
Cerro Bayo MRE at 15 Jun 2026: total 20.0 Mt at 211 g/t AgEq for 136 Moz AgEq; Indicated 4.7 Mt at 395 g/t for 60 Moz AgEq; Inferred 15.3 Mt at 155 g/t for 76 Moz AgEq; underground 92 Moz AgEq and open pit 44 Moz AgEq.
- Document ID
- asl-mre-2026-06-30
- Published UTC
- 2026-06-29T22:15:55Z
- Projects
- cerro-bayo
- Commodities
- silver · gold
Annual report for the transitional year ended 31 Dec 2025Results · HighExtracted
Transitional year (1 Jul to 31 Dec 2025, six months) audited accounts: loss A$10.0m, operating outflow A$6.1m, E&E A$8.1m; 208,090,673 shares at 31 Dec 2025; no dividends; closure provision and wholly owned Chilean subsidiary.
- Document ID
- asl-annual-ty2025
- Published UTC
- 2026-03-24T07:57:19Z
- Projects
- cerro-bayo
- Commodities
- silver · gold
Leadership AppointmentsLeadership · MediumExtracted
Matthew Allen appointed CEO (previously CFO); Timothy Laneyrie moves from CEO to Technical Director.
- Document ID
- asl-leadership-2026-02-23
- Published UTC
- 2026-02-22T22:34:12Z
- Projects
- cerro-bayo
- Commodities
- silver
Annual report for the financial year ended 30 Jun 2025Results · HighExtracted
Audited FY to 30 Jun 2025: loss A$17.5m, operating outflow A$9.1m, E&E A$12.4m, 158,773,755 shares, cash A$12.2m. Comparative for the transitional year.
- Document ID
- asl-annual-fy2025
- Published UTC
- 2025-09-25T09:06:10Z
- Projects
- cerro-bayo
- Commodities
- silver · gold
Evidence facts66
70476000 AUD
2026-09-30-3156000 AUD
2026-09-30-6784000 AUD
2026-09-3037849000 AUD
2026-09-30-12029000 AUD
2026-09-30-17449000 AUD
2026-09-30136 Moz AgEq
2026-06-1516326531 shares
2026-09-0942704074 AUD
2026-06-3074258304 AUD
2026-06-3020235439 AUD
2026-06-30140240 AUD
2026-06-30-11563862 AUD
2026-06-30-8873317 AUD
2026-06-3010665057 AUD
2026-06-30212667063 shares
2026-06-3016373335 rights
2026-06-30950122 units
2026-06-30606090 AUD
2026-06-303349221 AUD
2026-06-30None None
2026-06-30500000 tpa
2026-09-022.4 Moz/yr
2008-12-312.8 Moz/yr
2017-12-3140000000 AUD
2026-09-022.45 AUD/share
2026-09-0216326531 shares
2026-09-0216326531 shares
2026-09-0916326531 shares
2026-09-09500000 shares
2026-09-09500000 shares
2026-09-15165000 shares
2026-09-1733334 shares
2026-07-024.7 Mt
2026-06-1527 Moz Ag
2026-06-1560 Moz AgEq
2026-06-1576 Moz AgEq
2026-06-15136 Moz AgEq
2026-06-15-10023894 AUD
2025-12-31-6051711 AUD
2025-12-318061638 AUD
2025-12-3175970 AUD
2025-12-3156089437 AUD
2025-12-3177492986 AUD
2025-12-31208090673 shares
2025-12-31268080 AUD
2025-12-3121051409 AUD
2025-12-310 AUD
2025-12-31-17461406 AUD
2025-06-30-9084564 AUD
2025-06-3012380251 AUD
2025-06-30158773755 shares
2025-06-30None None
2026-02-23None None
2026-07-01None None
2026-10-3142704000 AUD
2026-06-301.315 AUD/share
2026-11-0449.587 USD/oz
2026-11-0369.0318 USD/oz
2026-11-0344.03 USD/oz
2026-11-033940.3999 USD/oz
2026-11-031.4236 AUD/USD
2026-11-042.0977 AUD/oz AgEq
2026-11-041.4792 AUD/oz AgEq
2026-11-040.0977 AUD/oz Ag
2026-11-040.9229 AUD/oz Ag
2026-11-04