A Gold & Silver Exploration Company With Deep Roots
AbraSilver Resource Corp. is a Toronto-based mineral exploration company that offers investors exposure to silver, gold, and copper through projects at various stages of exploration, from drill-ready to PEA stage. AbraSilver provides major leverage to silver and gold through its 100% interest in the Diablillos project in the mining-friendly Salta province in Argentina.
Acquired from SSR Mining Inc. in 2016, the Diablillos project has had more than US$35 million spent on exploration and currently has an Indicated resource base of 81 million ounces of silver and 732,000 ounces of gold.
A preliminary economic assessment ("PEA") was completed on Diablillos in 2018 to evaluate an open pit mining operation. The PEA demonstrated that Diablillos has the potential to be a significant producer of silver and gold with robust economics including an after-tax IRR of 30.2% and NPV 7.5% of US$212 million (at $20/oz silver and $1,300/oz gold). For further details, see report titled “Technical Report on the Diablillos Project, Salta Province, Argentina", dated April 16, 2018, was prepared by RPA Inc., and is available on www.SEDAR.com
Current work at Diablillos is focused on evaluating the possibility of an optimized project at Diablillos that targets the higher-grade mineralization, which is concentrated in structurally controlled zones. One compelling aspect of the optimized study is that it opens up exploration potential at depth and along strike.
In December 2019, AbraSilver merged with Aethon Minerals (TSXV: AET) through a plan of arrangement. The merger resulted in a strengthened company with SSR Mining and Altius Minerals as its largest shareholders. The merged company will remain focused on exploring and advancing the Diablillos project and will also have upside exposure through Aethon's Arcas copper-gold porphyry project in Chile, on which Rio Tinto has the right to earn a 75% interest by spending US$25 million.
Our Executives & Directors
John Miniotis, Chief Executive Officer
Mr. Miniotis has over 15 years of experience in the mining industry focused primarily on mergers & acquisitions, equity capital markets, investor relations and corporate finance. He was previously the interim CEO of Aethon Minerals Corp where he was responsible for overseeing the capital markets and mergers and acquisitions strategy of the company, which culminated in the successful merger with AbraSilver.
Prior to joining Aethon, Mr. Miniotis was the VP Corporate Development at AuRico Metals, which was acquired by Centerra Gold in January 2018 for approximately $310 million. He was also the Senior Manager, Corporate Development and Investor Relations at Lundin Mining, where he played a key role in successfully executing various acquisitions valued over $2 billion and was also responsible for Investor Relations.
Prior to that experience, he worked in mining equity research at Wellington West Capital Markets and BMO Capital Markets, and commenced his career in the Corporate Development group at Barrick Gold. Mr. Miniotis holds the designation of Chartered Financial Analyst and received a Bachelor of Business Administration degree, with high distinction, from the University of Toronto.
David O'Connor, Chief Geologist
Mr. O'Connor has over 40 years’ experience in the mining industry focused on the identification, acquisition, and management of mineral projects of merit. He was the founder or co-founder of five publicly listed companies based on projects in South America and managed the merger of three of these.
With Explorator Resources, Mr. O’Connor developed the El Espino deposit in Chile to an open pittable resource of 230 million tonnes at 0.65% Cu and 0.2g/t Au, following which the company was sold to Pucobre (a Chilean copper miner). Previously he was in charge of early exploration for Western Mining Corporation at the world class Olympic Dam deposit and later was Chief geologist of Peko-Wallsend in Australia. He holds a BSc (Hons) degree from Cape Town University and an MSc D.I.C. in mineral exploration from the Royal School of Mines in London.
Carlos Pinglo, Chief Financial Officer & Corporate Secretary
Mr. Pinglo is an Economist with over 20 years senior management experience. He has worked with both private and public companies in corporate finance, strategic planning, financial reporting, turnarounds, mergers and acquisitions. His extensive background includes Chief Financial Officer and Corporate Secretary at Eurotin Inc., Chief Financial Officer at Adriana Resources Corporation, Carpathian Gold Inc., First Bauxite Corporation, Medoro Resources Ltd., Controller of both Silver Eagle Mines Inc. and Excellon Resources Inc. and a member of the Board of Directors at Mineros Nacionales S.A.
Robert Bruggeman, Chairman & Director
Mr. Bruggeman has over 20 years of experience in corporate development, equity research, and institutional sales & trading. He has a deep understanding of Canadian equity markets and the mining sector, having worked as a sell-side research analyst, desk analyst on the proprietary trading desk at TD Securities, and head of the sales and trading desk at a boutique brokerage firm in Toronto.
Mr. Bruggeman advises junior mining companies on strategy, marketing, investor relations and corporate development through Alpha Advisory Services Inc. Prior to starting his consulting firm, he was Vice President, Corporate Development for a TSX-listed junior mining company. He is a Professional Engineer (Ontario) and holds the CFA designation.
John DeCooman, Director
Mr. DeCooman is Senior Vice President, Business Development and Strategy at SSR Mining, which is a major shareholder of AbraSilver. His experience prior to joining SSR Mining in 2009 includes over 15 years of mining project finance and advisory responsibilities at Candente Resource Corporation, Deutsche Bank, Alex Brown and Standard Bank, as well as corporate positions in finance, business development and exploration. He holds a Bachelor of Science degree from The Pennsylvania State University and a Master of Science degree from the Colorado School of Mines.
Sam Leung, Director
Mr. Leung is Vice President, Corporate Development for Adventus Zinc Corporation and has over 10 years of experience in the mining industry focused primarily on M&A, due diligence, and strategic evaluation of operations. Prior to joining Adventus Zinc, Sam was Director, Corporate Development at Lundin Mining Corporation, where he played a key role in the evaluation and completion of several successful acquisitions valued at over US$ 2 billion – including the Candelaria mining complex in Chile.
Mr. Leung was also responsible for joint-venture related activities with Freeport-McMoRan Inc. Prior to Lundin Mining, Sam was a due diligence and strategy consultant for Hatch Ltd.'s advisory practice based in London and Toronto, then began a career as a metallurgist. Sam is a professional engineer (Canada) and received a B.A.Sc. degree in Engineering Chemistry, with first class honours, from Queen's University at Kingston, Canada.
Jens Mayer, Director
Mr. Mayer is a Principal with INFOR Financial. He has 25-plus years of experience as a mining investment banker and was Head/Co-Head of Investment Banking and the Resource Group at Canaccord Genuity from 2000-2016. While at Canaccord Genuity, he helped build the firm from a small regional dealer to Canada's largest independent investment bank with a global reach.
Through his career, Mr. Mayer has advised on numerous M&A transactions while at Gordon Capital, Yorkton Securities, Canaccord Genuity and now at INFOR Financial. He holds an H.B.Sc. from Brock University and an MBA from Queen's University.
Flora Wood, Director
Ms. Wood is a finance executive with more than 20 years’ experience leading Investor Relations (equity and debt), mainly in the mining and steel sectors. She is currently with Altius Minerals, an AbraSilver strategic shareholder, and was previously with Sherritt International, Inmet Mining, Algoma Steel, and Harris Steel Group. She has also been an independent director and Audit Committee member of Treasury Metals, a gold development company since 2014. She holds a BA and MA from University of Toronto.
Hernan Zaballa, Director
Mr. Zaballa is a senior partner at Zaballa Carchio Abogados in Buenos Aires, Argentina. He was admitted to the Bar in 1989, and practices in the areas of Energy and Natural Resources (Mining and Oil & Gas) as well as in Administrative and Regulatory Law.
Mr. Zaballa was formerly a director of the Argentine subsidiaries of Barrick, Peñoles, Northern Orion, Newcrest, and Polimet/Yamana, as well as Vice President of Pan American Silver’s subsidiaries in the country. He is the author of several articles in specialized publications, and co-authored “Establishing and Conducting a Mining Business in Argentina”. He also teaches law at the Universidad del Museo Social Argentina where he is Professor of Rural, Mining, and Environmental Law.
AbraSilver presents an excellent opportunity to participate in one of the most active junior silver exploration companies that also has significant gold leverage. While silver mining companies’ stock may be an attractive tranche in precious metals, AbraSilver’s diversified portfolio provides leverage across multiple metals.
AbraSilver is listed on the TSX Venture Exchange under the ticker symbol ABRA and on the OTC Pink Sheets under the ticker symbol ABBRF.