First Andes Silver
First Andes Silver is a Vancouver-based, publicly listed junior mining exploration company focused on silver-gold properties in Peru and Australia. Pre-revenue, it raises capital through equity financings to fund exploration at its Santas Gloria and New South Wales projects.
- Company typePublic
- Founded2008
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What First Andes Silver does
First Andes Silver Inc. is a Vancouver-headquartered, publicly listed junior mining exploration company focused on silver-gold mineral properties. The company is pre-revenue and its value proposition is centered on district-scale exploration potential rather than current production. It is incorporated under the Business Corporations Act (British Columbia) on March 6, 2008, and trades on the TSX Venture Exchange under FAS and on OTC Markets under FASLF.\n\nThe company's asset portfolio comprises the flagship Santas Gloria Project in Peru — a 1,100 Ha intermediate-sulphidation epithermal silver system located approximately 55 km from Lima with 12+ km of mapped veins across 23 vein systems and reported underground channel sample grades in excess of 10,000 g/t Ag — and three exploration licenses in New South Wales, Australia (Carrington, Stony Creek, and Dartmoor, totaling approximately 454 km² within the Lachlan Orogenic Belt). Exploration work is conducted using industry-standard methods including diamond drilling (PQ-NQ diameter, core recovery exceeding 90%), systematic soil sampling (1,037 samples at 25 m spacing), ground IP geophysics, and channel/rock-chip sampling, supplemented by property-wide WorldView-3 spectral alteration mineral mapping processed with PhotoSat and metallurgical testing at SGS Lakefield.\n\nFirst Andes Silver's business model is that of a pre-revenue exploration company: it has no product revenue and is entirely dependent on equity financings — private placements priced at C$0.10–C$0.12 per share — to fund ongoing drilling and exploration activities. Its 'customers' are institutional and retail investors seeking exposure to silver exploration, and the company supplements exploration activity with investor relations outreach, a third-party-powered AI chatbot for IR inquiries, and partnerships with drilling contractors (SPF Drilling S.A.C.), metallurgical labs (SGS Lakefield), spectral processing vendors (PhotoSat), marketing firms (Orbiton Capital Corp.), and local communities in Peru (Comunidad Campesina de San Andrés de Tupicocha and Comunidad Campesina de Concha).
First Andes Silver firmographics
Firmographics- Name
- First Andes Silver
- Legal name
- First Andes Silver Inc.
- Website
- https://firstandes.com
- Company type
- Public
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- First Andes Silver is a Vancouver-based, publicly listed junior mining exploration company focused on silver-gold properties in Peru and Australia. Pre-revenue, it raises capital through equity financings to fund exploration at its Santas Gloria and New South Wales projects.
- Ownership category
- akta.pro rank
First Andes Silver industry classification
Industry- Product category
- Silver and Gold Mineral Exploration
- NAICS
- Gold Ore and Silver Ore Mining (21222), Gold Ore and Silver Ore Mining (212220)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Silver Mining (IMAKAEAB)
- akta.pro secondary industries
- Gold Mining (IMAKAEAA), Precious Metals Exploration & Project Development (IMAKAEAI)
Keywords
Where First Andes Silver is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
First Andes Silver business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Exploration Stage - No Revenue: First Andes Silver is a pre-revenue junior mining exploration company. The company has not generated any revenue from mineral production and is entirely dependent on equity financing to fund exploration activities at its properties.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
First Andes Silver product offering
Product offeringCore offering
First Andes Silver is a junior mining exploration company that holds and advances a portfolio of high-grade silver and gold mineral properties. The company's flagship asset is the Santas Gloria Project in Peru (12+ km of epithermal veins, grades up to 10,000 g/t Ag), complemented by three exploration licenses (Carrington, Stony Creek, Dartmoor) covering approximately 454 km² in New South Wales, Australia. Activities include diamond drilling, soil sampling, WorldView-3 spectral alteration mapping, ground IP geophysics, and metallurgical testing.
Product overview
First Andes Silver is a junior mining exploration company with a portfolio of silver-focused properties in Peru and Australia. The company's flagship asset is the Santas Gloria Project in Peru, a high-grade intermediate-sulphidation epithermal silver system with over 12 km of mapped veins. The Australian portfolio comprises three exploration licenses (Carrington, Stony Creek, Dartmoor) covering approximately 454 km² in the Lachlan Orogenic Belt of New South Wales. Additionally, the company offers an AI-powered investor relations chatbot on its website for automated stakeholder communications.
Differentiator
Problem solved
Functional benefit
Products and services
- Santas Gloria Project Flagship high-grade silver property located approximately 55 km east of Lima, Peru, within the Miocene epithermal belt. The 1,100 Ha concession hosts over 12 km of multiphase intermediate-sulphidation epithermal veins across 23 mapped vein systems, with surface channel samples up to 2,500 g/t Ag and 56 g/t Au, and historical underground channel samples exceeding 10,000 g/t Ag. Fully permitted for drilling with community access agreements valid until 2028.
- Carrington Project 160 km² iron-rich skarn system in southeastern New South Wales, Australia, within the Lachlan Orogenic Belt. Prospective for gold, silver, lead, and antimony (Au-Ag-Pb-Sb) mineralization with historic rock chip samples up to 85 g/t Au, 6,037 g/t Ag, 24.8% Pb, and 16.8% Sb. Aeromagnetic data outlines more than 10 km of prospective strike.
- Stony Creek Project 247 km² low-sulphidation epithermal vein system within Devonian volcanic rocks in the Lachlan Orogen, New South Wales, Australia. The corridor hosts 7+ historic silver-gold mines and prospects with historic rock chip results up to 18.4 g/t Au and 212 g/t Ag; Gundillions Reef includes more than 2 km of historic underground workings with grab samples up to 44 g/t Au.
- Dartmoor Project 47 km² VMS-style target within the Lachlan Orogen, New South Wales, Australia, with potential for Ag-Cu-Zn sulphide lenses. Historic production averaged approximately 980 g/t Ag and 12% Cu.
Quantifiable outcome
- 21 of 26 drill holes returned reportable silver intercepts (81% success rate)
- +4 more outcomes
Companies that use First Andes Silver
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles1 record
First Andes Silver technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature4 records
First Andes Silver partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered minor and core.
- Orbiton Capital Corp.minorMarketing services agreement with San Francisco-based Orbiton Capital Corp. for strategic advice, digital media promotion, and media buying/distribution services for a 12-month term at US$150,000. No equity or performance-based compensation involved. Companies are arm's length parties.
- South Star Pty Ltd.coreAsset purchase agreement for three silver exploration license applications (Carrington, Stony Creek, Dartmoor) in New South Wales, Australia covering approximately 454 km². Transaction involved A$15,500 reimbursement and 1,500,000 common shares.
- Comunidad Campesina de San Andrés de TupicochacoreLocal community agreements for surface access and land use rights at Santas Gloria. Agreement valid until July 2028. Critical for drill permitting and exploration activities.
- Comunidad Campesina de ConchacoreLocal community agreements for surface access and land use rights at Santas Gloria. Agreement valid until February 2028. Critical for drill permitting and exploration activities.
- SGS Canada Inc. (Lakefield)minorMetallurgical testing services provider. 15 kg composite core sample submitted for cyanide leach testing under previously optimized conditions. Prior testing showed +80% silver recovery.
- SPF Drilling S.A.C.coreSecured SPF Drilling S.A.C. as drilling contractor for 2000-meter diamond drilling program at Santas Gloria Project in Peru. Mobilization expected with drilling to begin in July 2025. Program followed up on successful 2024 campaign.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
First Andes Silver competitors and assessment
Company assessmentBroad incumbents
- MAG Silver Corp. Mid-tier silver developer with the Juanicipio project in Mexico. While much larger and at a more advanced stage, MAG Silver is a benchmark precious-metals junior in the silver-focused mining category that shares First Andes' silver-centric investment narrative.
- Aya Gold & Silver Inc. Mid-tier silver producer with the Zgounder mine in Morocco. Larger and producing but operates as a silver-focused growth company with continued exploration upside, sharing First Andes' silver-centric narrative and Morocco/MENA jurisdiction parallels for emerging-market silver mining.
- Avino Silver & Gold Mines Ltd. Silver-gold producer with the Avino mine in Mexico. Comparable as a silver-gold polymetallic operator with active exploration, though at a more advanced producing stage than First Andes.
- Endeavour Silver Corp. Mid-tier silver producer operating multiple mines in Mexico. Comparable as a silver-focused mid-tier with exploration upside, though at a substantially more advanced production stage than First Andes.
- SilverCrest Metals Inc. Silver-gold developer with the Las Chispas mine in Mexico. Comparable as a high-grade silver-gold epithermal operator with exploration upside, though currently transitioning from developer to producer stage.
Direct peers
- Silver Tiger Metals Inc. Junior silver explorer developing the historic El Tigre silver-gold project in Mexico. Closely comparable to First Andes given similar high-grade epithermal silver-gold targeting, recent drill success, and pre-resource exploration-stage status.
- Dolly Varden Silver Corporation: Junior silver explorer advancing the Kitsault Valley project in British Columbia. Direct peer as a silver-focused junior with epithermal-style mineralization, recent high-grade drill intercepts, and pre-construction development stage.
- Defiance Silver Corp. Junior silver explorer with projects in Mexico including the Tepal and San Acacio projects. Comparable to First Andes as a small-cap, drill-stage silver-focused junior pursuing high-grade epithermal silver-gold systems.
Emerging players
- ValOre Metals Corp. Junior explorer with the Pedra Branca PGM project in Brazil. Relevant peer given CEO Colin Smith's prior role at ValOre Metals, providing direct comparable for the management team's exploration playbook and capital markets profile.
- K92 Mining Inc. Mid-tier gold-copper producer with the Kainantu mine in Papua New Guinea. Relevant peer given Executive Chairman Ian Stalker's prior role as CEO, providing a parallel for First Andes' management track record and capital markets positioning in the junior resource space.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
First Andes Silver social profiles
Digital presenceFirst Andes Silver financial estimates
Financial estimateRevenue estimate
Valuation estimate
First Andes Silver leadership team
Management profileNumber of profiles
Profiles8 records
First Andes Silver funding detail
Funding detailFunding overview
Funding rounds4 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
First Andes Silver M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about First Andes Silver
What does First Andes Silver do?
First Andes Silver is a junior mining exploration company that holds and advances a portfolio of high-grade silver and gold mineral properties. The company's flagship asset is the Santas Gloria Project in Peru (12+ km of epithermal veins, grades up to 10,000 g/t Ag), complemented by three exploration licenses (Carrington, Stony Creek, Dartmoor) covering approximately 454 km² in New South Wales, Australia. Activities include diamond drilling, soil sampling, WorldView-3 spectral alteration mapping, ground IP geophysics, and metallurgical testing.
Is First Andes Silver a public or private company?
First Andes Silver is a public company. It is classified as public and is currently operating.
When was First Andes Silver founded?
First Andes Silver was founded in 2008. It employs 1 to 10 people.
Where is First Andes Silver based?
First Andes Silver is headquartered in Vancouver, Canada, in the North America region.
How does First Andes Silver make money?
One revenue line is on record: exploration Stage - No Revenue.
Who are First Andes Silver's main competitors?
Broad incumbents on record are MAG Silver Corp., Aya Gold & Silver Inc., Avino Silver & Gold Mines Ltd., Endeavour Silver Corp. and SilverCrest Metals Inc.. Direct peers are Silver Tiger Metals Inc., Dolly Varden Silver Corporation and Defiance Silver Corp.. Emerging players are ValOre Metals Corp. and K92 Mining Inc..
Does First Andes Silver have an API?
No public API is recorded for First Andes Silver.
What industry is First Andes Silver in?
First Andes Silver's product category is Silver and Gold Mineral Exploration. Its primary akta.pro industry code is IMAKAEAB, Silver Mining, with a secondary code of IMAKAEAA, Gold Mining. Its NAICS code is 21222 and its SIC code is 1040.