Those who are familiar with the mining sector may have noticed that the AbraSilver Resources Corp (OTCMKTS:ABBRF) stock has declined quite sharply over the course of the past week.
During the period, the stock has gone down by as much as 9% and it might be the right time to take a closer at the latest development with regards to AbraSilver Resources. Yesterday, the company made an announcement with regards to an updated and pit constrained estimate for mineral resources for the Occult deposit. The deposit in question is located at the Diablilos property that is owned by AbraSilver Resources in Salta province in Argentina.
In this regard, it should also be noted that the estimate is particularly important for the company. On the basis of this estimate, AbraSilver Resources is going to provide an updated version of the Preliminary Economic Assessment at some point in the fourth quarter of 2021. It goes without saying that the latest announcement from the company is a positive one for AbraSilver Resources and it remains to be seen if investors react to the news or not. It might be the right time for investors to perhaps start following the AbraSilver Resources stock.