Aankondiging • Apr 02
Andean Silver Limited, Annual General Meeting, May 28, 2026 Andean Silver Limited, Annual General Meeting, May 28, 2026. New Risk • Jan 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m (AU$1.4m revenue, or US$942k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$12m net loss in 2 years). Share price has been volatile over the past 3 months (14% average weekly change). Significant insider selling over the past 3 months (AU$3.8m sold). New Risk • Jan 01
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m (AU$1.4m revenue, or US$940k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$12m net loss in 2 years). Significant insider selling over the past 3 months (AU$3.8m sold). Board Change • Dec 24
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Ray Shorrocks is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 24
Andean Silver Limited, Annual General Meeting, Nov 26, 2025 Andean Silver Limited, Annual General Meeting, Nov 26, 2025. Location: quest kings park, 54 kings park road, wa 6005, west perth Australia Board Change • Aug 18
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Ray Shorrocks is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jul 18
Andean Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 30 million. Andean Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 30 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 25,000,000
Price\Range: AUD 1.2
Discount Per Security: AUD 0.048
Transaction Features: Subsequent Direct Listing Board Change • Feb 04
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Ray Shorrocks is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Dec 24
Forecast to breakeven in 2026 The analyst covering Andean Silver expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$3.10m in 2026. Average annual earnings growth of 94% is required to achieve expected profit on schedule. Aankondiging • Nov 29
Andean Silver Ltd. Appoints Matthew Allen as Chief Financial Officer, Effective 9 December 2024 Andean Silver Ltd. announced that it has appointed highly experienced resources finance specialist Matthew Allen as Chief Financial Officer, effective 9 December 2024. Mr. Allen has a proven track record as CFO, including identifying opportunities, developing execution plans and implementing complex transactions that led to successful project development and funding in multiple commodities both domestically and internationally. He was most recently Executive Finance Director for ASX-listed Global Lithium Resources, which has been undertaking a Definitive Feasibility Study for its core Manna lithium project. Prior to that role, he was CFO of ASX-listed Hastings Technology Metals, where he played a crucial role in securing funding for the Yangibana Rare Earth Project and oversaw the acquisition of a cornerstone shareholding in TSX-listed Neo Performance Materials. Mr. Allen also served as Managing Director, and prior to that CFO, of ASX-listed Otto Energy, where he was responsible for the development of the company's US and Philippines oil and gas businesses, including the discovery and commissioning of several new projects in the US Gulf Coast and offshore Gulf of Mexico. Before that, he spent nine years with Woodside Energy, where he held various roles in the corporate and business unit management teams and was involved in the development of projects in North and West Africa, as well as operational and project delivery at Woodside's asset, the North West Shelf joint venture. Mr. Allen is a Fellow of Chartered Accountants ANZ, a Fellow of the Financial Securities Institute of Australia and member of the Australian Institute of Company Directors. Susan Field has resigned as Andean's Financial Controller and leaves the Company well positioned, having completed her mandate for Andean following the acquisition of Cerro Bayo. New Risk • Nov 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: AU$149.7m (US$98.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (246% increase in shares outstanding). Revenue is less than US$1m (AU$319k revenue, or US$209k). Minor Risk Market cap is less than US$100m (AU$149.7m market cap, or US$98.0m). Aankondiging • Oct 09
Andean Silver Limited, Annual General Meeting, Nov 29, 2024 Andean Silver Limited, Annual General Meeting, Nov 29, 2024. Reported Earnings • Sep 28
Full year 2024 earnings released: AU$0.15 loss per share (vs AU$0.043 loss in FY 2023) Full year 2024 results: AU$0.15 loss per share (further deteriorated from AU$0.043 loss in FY 2023). Net loss: AU$10.1m (loss widened AU$8.46m from FY 2023). Revenue is forecast to grow 146% p.a. on average during the next 2 years, compared to a 1.2% growth forecast for the Metals and Mining industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 144 percentage points per year, which is a significant difference in performance. Aankondiging • Sep 19
Andean Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 25 million. Andean Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 23,809,524
Price\Range: AUD 1.05
Transaction Features: Subsequent Direct Listing Aankondiging • May 02
Mitre Mining Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 10.5095 million. Mitre Mining Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 10.5095 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,222,222
Price\Range: AUD 0.45
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,132,223
Price\Range: AUD 0.45
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 18
First half 2024 earnings released: AU$0.062 loss per share (vs AU$0.014 loss in 1H 2023) First half 2024 results: AU$0.062 loss per share (further deteriorated from AU$0.014 loss in 1H 2023). Net loss: AU$2.92m (loss widened 498% from 1H 2023). New Risk • Mar 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$2.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$2.5m free cash flow). Shareholders have been substantially diluted in the past year (109% increase in shares outstanding). Revenue is less than US$1m (AU$62k revenue, or US$41k). Minor Risk Market cap is less than US$100m (AU$27.2m market cap, or US$18.0m). New Risk • Feb 08
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 103% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (103% increase in shares outstanding). Revenue is less than US$1m (AU$10k revenue, or US$6.7k). Minor Risk Market cap is less than US$100m (AU$19.5m market cap, or US$12.7m). New Risk • Jan 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 66% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Revenue is less than US$1m (AU$10k revenue, or US$6.9k). Market cap is less than US$10m (AU$13.6m market cap, or US$9.14m). Aankondiging • Dec 21
Mitre Mining Corporation Limited, Annual General Meeting, Jan 29, 2024 Mitre Mining Corporation Limited, Annual General Meeting, Jan 29, 2024, at 10:00 W. Australia Standard Time. Location: Quest Kings Park, 54 Kings Park Road, West Perth, WA 6005 West Perth Western Australia Australia Agenda: To Approval to issue Creditor Consideration Shares to Tribeca; to Ratification of issue of Tranche 1 Placement Shares ; to Approval to issue Tranche 2 Placement Shares; to Approval to issue Director Placement Shares; to Approval to issue Director Performance Rights; to Approval to issue Employee Performance Rights; to Approval to issue Broker Options. Board Change • Dec 05
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Patrick Gowens is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 05
Mitre Mining Corporation Limited, Annual General Meeting, Nov 23, 2023 Mitre Mining Corporation Limited, Annual General Meeting, Nov 23, 2023. Agenda: To consider the election and re-election of certain directors. New Risk • Sep 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.7m free cash flow). Shares are highly illiquid. Revenue is less than US$1m (AU$10k revenue, or US$6.6k). Market cap is less than US$10m (AU$12.2m market cap, or US$7.87m). Minor Risk Shareholders have been diluted in the past year (33% increase in shares outstanding). Aankondiging • Sep 26
Mitre Mining Corporation Limited Announces Board Changes Mitre Mining Corporation Limited announced the appointment of experienced finance executive Carl Travaglini to the Board as a Non-Executive Director, effective 1 October 2023. Mr. Travaglini is a Chartered Accountant and Chartered Company Secretary with over 15 years' experience in the resources sector, having served in various executive finance and company secretarial roles in Australia, Canada and Africa. Mr. Travaglini brings extensive experience in statutory and management reporting, corporate governance and risk management, further bolstering the technical expertise of Mitre's Board of Directors. Mr. Travaglini has worked for a number of publicly listed lithium and gold companies through the exploration, project development and production phases, and has previously also worked in assurance services. He is currently Chief Financial Officer and Joint Company Secretary of Cygnus Metals Limited and Chief Financial Officer of Bellavista Resources Limited and Midas Minerals Limited. As part of the Board changes, Non-Executive Director Mr. Clinton Carey will step down as a director at the Company's upcoming Annual General Meeting. Board Change • Sep 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Patrick Gowans was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 08
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Patrick Gowans was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 10
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Patrick Gowans was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • May 25
Insider recently bought AU$8.3m worth of stock On the 18th of May, Stephen Parsons bought around 27m shares on-market at roughly AU$0.31 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$8.4m more in shares than they have sold in the last 12 months. Board Change • Apr 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Patrick Gowans was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 10
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Chairman Patrick Gowans was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Feb 09
Mitre Mining Corporation Limited (ASX:MMC) completed the acquisition of Bellpark Minerals Pty Ltd. Mitre Mining Corporation Limited (ASX:MMC) entered into Binding heads of agreement to acquire 100% stake in Bellpark Minerals Pty Limited on November 23, 2022. As of January 30, 2023, the shareholder approval received at the general meeting for the issue of the Consideration Shares. As of February 2, 2023 the acquisition is expected to close on February 7, 2023.
Mitre Mining Corporation Limited (ASX:MMC) completed the acquisition of Bellpark Minerals Pty Ltd on February 7, 2023. Coinciding with the completion of the Acquisition, Mitre Mining Corporation has appointed Mr Raymond Shorrocks as a NonExecutive Director. Aankondiging • Feb 07
Mitre Mining Corporation Limited Appoints Raymond Shorrocks as A Non-Executive Director Mitre Mining Corporation Limited announced that it has completed the acquisition of 100% of the issued capital of Bellpark Park Minerals Pty Ltd. (Acquisition), which is the owner of the East Pilbara and Mount Alexander Lithium Projects (Projects). Coinciding with the completion of the Acquisition, MMC has appointed Mr. Raymond Shorrocks as a Non-Executive Director. Mr. Shorrocks has over 28 years' experience working in the investment banking industry. He is highly conversant and experienced in all areas of mergers and acquisitions and equity capital markets, including a significant track record of transactions in the metals and mining sectors. He was past Chairman of ASX listed Bellevue Gold Limited and Republic Gold Limited. Mr. Shorrocks is currently the Executive Chairman of Auteco Minerals Limited, Non-Executive Chairman of Cygnus Gold Limited, Alicanto Minerals Limited and Galilee Energy Limited and a number of private companies. Mr. Shorrocks is former Director and Head of the Corporate Finance department of a major Australian investment services company based in Sydney. Aankondiging • Feb 03
Mitre Mining Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 1.19 million. Mitre Mining Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 1.19 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,500,000
Price\Range: AUD 0.14
Discount Per Security: AUD 0.0084
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Nov 30
Insider recently bought AU$98k worth of stock On the 24th of November, Dominic Virgara bought around 450k shares on-market at roughly AU$0.22 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. 
