Matthew Allen of Andean Silver Ltd. talks to Peter Krauth | Metals Investor Forum Sept. 2026
Metals Investor Forum Sep 25, 2026 11:22
Summary
Andean Silver grew Cerro Bayo's resource fivefold in two years to 136 Moz AgEq via 60,000m of near-mine drilling, underpinning a 10-plus-year mine life.
The restart path targets a Q1 2027 scoping study, year-end feasibility, mill refurbishment by end-2027, and first concentrate in 2028.
Existing 500,000 tpa mill, environmental permits and infrastructure make this a capital-light, fast restart versus a greenfield build.
An 8-10 km Juanita-to-Droughtmaster exploration corridor, untested for 20 years, could lift the resource beyond 136 Moz AgEq.
Peter Krauth's takeaways
- Top takeaway Krauth anchors the silver setup by pointing to October 7, 2025 as the day silver broke through $50 after 45 years, then doubled to $100 within three months, and frames the current backdrop as a 'great setup' for the sector.
- He singles out Cerro Bio as a 'unicorn' project given its combination of existing infrastructure, permits and resource.