Company Description
First Andes Silver Ltd. is a British Columbia mineral exploration company focused on silver projects in Peru and Australia. The company owns a 100% interest in the Santas Gloria silver property, its flagship project located about 55 kilometers east of Lima, Peru, and has also completed the acquisition of the Carrington, Stony Creek and Dartmoor silver-focused exploration projects in New South Wales, Australia.
The company's project portfolio is centered on early-stage and systematic exploration for epithermal silver mineralization. Santas Gloria is situated in a known mining district within an intermediate-sulphidation epithermal belt and includes more than 12 kilometers of multiphase veins mapped at surface. First Andes has reported diamond drilling, soil geochemistry and WorldView-3 short-wavelength infrared spectral alteration mapping as part of its work to define vein corridors, alteration centers and silver-in-soil anomalies across the property.
At Santas Gloria, disclosed exploration targets include mapped vein systems and named corridors such as Paquita, Maribel, Rosario, Eulalia and Kelly. The company has reported near-surface epithermal silver intercepts from its 2024 and 2025 diamond drilling programs, as well as coherent silver-in-soil anomalies aligned with mapped vein corridors. Its exploration approach combines drilling results with surface sampling, structural mapping and remote-sensing alteration data to rank targets across the project.
In Australia, First Andes holds the Carrington, Stony Creek and Dartmoor projects in New South Wales. These assets broaden the company's silver-focused exploration base into a second mining jurisdiction and are described by the company as projects for early-stage target generation and field validation of historic mineral occurrences.
First Andes' common shares trade on the TSX Venture Exchange under the symbol FAS and on the Frankfurt Stock Exchange under the symbol 9TZ0. The company announced that its U.S. OTC Markets quotation changed from references to MSLVF to the symbol FASLF, and that its common shares are eligible for electronic clearing and settlement in the United States through The Depository Trust Company. As a mineral exploration issuer, the company's business model depends on acquiring and advancing prospective mineral properties, funding exploration programs and reporting technical results from drilling, geochemical sampling and related field work.
Stock Performance
First Andes (MSLVF) stock last traded at $0.1080. Over the past 12 months, the stock has gained 55.4%. At a market capitalization of $4.8M, MSLVF is classified as a micro-cap stock with approximately 86.5M shares outstanding.
Latest News
First Andes has 10 recent news articles. Of the recent coverage, 6 articles coincided with positive price movement and 3 with negative movement. Key topics include clinical trial, private placement, acquisition. View all MSLVF news →
SEC Filings
Financial Highlights
Upcoming Events
Finder warrant expiry
First Andes has 1 upcoming scheduled event. The next event, "Finder warrant expiry", is scheduled for February 13, 2028 (in 630 days). 1 of the upcoming events are financial in nature, such as earnings calls or quarterly results. Investors can track these dates to stay informed about potential catalysts that may affect the MSLVF stock price.
Short Interest History
Short interest in First Andes (MSLVF) currently stands at 1.5 thousand shares, up 1823.7% from the previous reporting period, representing 0.0% of the float. Over the past 12 months, short interest has decreased by 52.5%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for First Andes (MSLVF) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed.
MSLVF Company Profile & Sector Positioning
First Andes (MSLVF) operates in the Other Precious Metals & Mining industry within the broader Basic Materials sector and is listed on the OTC Link.
Investors comparing MSLVF often look at related companies in the same sector, including Silver Wolf Exploration Ltd (SWLFF), Pacific Ridge Expl Ltd (PEXZF), Ggl Resources (GGLXF), Enduro Metals Corporation (ENDMF), and Edge Copper Corp (PLLMF). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate MSLVF's relative position within its industry.