AbraSilver Resource Corp.
AbraSilver's 100%-owned Diablillos silver-gold project in Argentina completed a Definitive Feasibility Study in 2026 outlining a CAD$4.2 billion after-tax NPV5% and 42% IRR for a 9,000-tonne-per-day operation, with early works targeted for Q3 2026, project financing targeted by Q4 2026, and a formal construction decision expected in Q2 2027 ahead of first production before year-end 2029.
Notable vs. Peers
- Financials score of 2.3/10 is weaker than the peer average of 5.9/10.
Lifecycle Milestones
Not in place: mill, tailings facility, grid power.
Jurisdiction (40%)6/10
Argentina has historically carried elevated macroeconomic and currency risk, though the mining-friendly Salta/Catamarca provinces and the federal RIGI large-investment incentive regime (for which Diablillos has received approval) have meaningfully improved the investment climate for major projects.
Infrastructure (40%)2.9/10
No confirmed mill, confirmed road access, no confirmed grid power, and no confirmed tailings facility at Diablillos Project, Salta/Catamarca Provinces, Argentina.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Lindero (Fortuna Mining Corp.), 95 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
Kinross Gold Corporation holds 4% (reported 31 Dec 2025) See holders
Below the 5% threshold the research uses for a strategic stake, so it isn't scored.
Weight 25% - Distance to a producing mineSub-score:3.5/10
Nearest producing mine: Lindero (Fortuna Mining Corp.), 95 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:10/10
Stage: Feasibility Study
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:6/10
Argentina: jurisdiction score 6/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:5/10
Primary commodity: Silver
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chief Geologist of AbraSilver Resource Corp.; also Non-Executive Chairman of Advance Metals Limited. BSc (Hons), University of Cape Town; MSc DIC (Mineral Exploration), Royal School of Mines, Imperial College London. 40+ years in the mining industry focused on identification, acquisition and management of mineral projects, founder or co-founder of five publicly listed South America-focused companies (managed three through mergers), including Explorator Resources Inc. (developed the El Espino deposit, Chile). Earlier career: Chief Geologist, Peko-Wallsend Limited (Australia); early exploration lead for Western Mining Corporation at the Olympic Dam copper-uranium-gold deposit, South Australia.
President, Chief Executive Officer and a director of AbraSilver Resource Corp. since Dec 2019. CFA charterholder; BBA (high distinction), University of Toronto. Became CEO of the combined company when Aethon Minerals Corp. completed its court-approved plan of arrangement with AbraPlata Resource Corp. on 19 Dec 2019. Career: VP Corporate Development, AuRico Metals Inc. (2015-2018, through its acquisition by Centerra Gold Inc.); senior corporate-development/IR roles, Lundin Mining Corporation (2012-2015, acquisitions exceeding $2B); Corporate Development, Barrick Gold Corp. (2010-2012); mining equity research analyst, Wellington West Capital Markets and BMO Capital Markets.
Chief Financial Officer and Corporate Secretary of AbraSilver Resource Corp. Economist with 20+ years senior-management experience in corporate finance, strategic planning, financial reporting, turnarounds and M&A. Career: CFO & Corporate Secretary, Eurotin Inc. (2011-2016); sequential CFO roles at Adriana Resources Corporation, Carpathian Gold Inc., First Bauxite Corporation and Medoro Resources Ltd. (2003-2011); Controller, Silver Eagle Mines Inc. and Excellon Resources Inc. (early career). Also a former board member, Mineros Nacionales S.A.
Chief Operating Officer of AbraSilver Resource Corp. Professional Engineer (PEO); BASc (Mechanical Engineering), Queen's University; MBA, Rotman School of Management, University of Toronto. Career: Director of Project Studies / Acting VP Technical Services, Lundin Mining Corporation (2017-2023), leading feasibility studies and technical due diligence on the Chapada, Josemaria and Caserones acquisitions; 10 years, Kinross Gold Corporation, risk management/strategic planning/projects incl. Chile secondments; earlier career outside mining at Foster Wheeler (engineering), Scotiabank (corporate credit) and Centrica North America/Direct Energy (upstream energy).
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Two corporates put cash into AbraSilver in April 2024: Kinross Gold, a senior producer, and Central Puerto, one of Argentina's largest power generators, taking about 4% each in a C$20M placement. Kinross also took a right of first offer over any new Argentine ground AbraSilver stakes beyond Diablillos, which is a technical partnership rather than a passive cheque. Central Puerto has since roughly doubled its position to 9.9% and is now the largest shareholder. Working against that, insider selling has been heavy -- around nine people sold roughly US$12M of stock between March and July 2026, against about US$100k of director buying last autumn.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
AbraSilver is advancing its 100%-owned Diablillos silver-gold project in the Salta and Catamarca provinces of Argentina. The resource as of 30 April 2026 is 248,053,000 oz of silver in measured and indicated resources (142,665,000 oz measured, 105,388,000 oz indicated), along with about 2.54 Moz of gold, plus 18,406,000 oz of silver inferred. The definitive feasibility study completed in June 2026 shows an after-tax NPV5% of US$3,003M (CAD 4,204M) and a 41.9% IRR at US$50/oz silver and US$3,650/oz gold, for a 9,000 t/d open-pit operation with initial capital of US$721.5M, a 25-year mine life and an all-in sustaining cost of US$19.98 per silver-equivalent ounce. Early works were targeted for Q3 2026 and project financing by Q4 2026, with a construction decision expected in Q2 2027 and first production before the end of 2029.