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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Production / Operations Routine +

First Andes Silver Receives Community Agreements for Santas Gloria Drill Program, Peru

First Andes Secures Peru Community Access as Drilling Push Shifts to Q3

By The Northwire Desk — AI Analysis Apr 20, 2026 · 07:31 FAS · 0.11 First Andes Silver Ltd.
Executive Summary
  • Event: First Andes Silver Ltd. secured required Community Agreements with two adjacent communities (San Andrés de Tupicocha and Concha) for its Santas Gloria Project in Peru.
  • Agreement Terms: Valid until July 2028 and February 2028 respectively, providing essential surface access and land use rights.
  • Operational Progress: Company is transitioning into environmental baseline studies and preparing for the Ficha Técnica Ambiental (FTA) regulatory submission.
  • Timeline Update: Final drill permits anticipated within approximately 3-4 months from April 2026; next phase of drilling targeted to commence in Q3 2026, subject to approvals.
  • Context: This follows a $2 million private placement closed in February 2026 intended for an expanded Q2 2026 drilling program and recent soil assay results from March 2026.
Material Impact
  • Operational Milestone: Securing community agreements is a critical prerequisite for exploration in Peru; failure to do so would halt operations, making this a necessary positive step rather than a transformative discovery event.
  • Timeline Discrepancy: The February financing announcement explicitly targeted an "expanded Q2 2026 drilling program." The April news indicates drilling is now targeted for Q3 2026 due to permitting timelines (FTA submission). This suggests execution delays or regulatory friction not fully anticipated during the capital raise.
  • Capital Efficiency: While positive, the delay does not materially alter the geological potential established by previous high-grade drill results but impacts cash flow timing and investor expectations regarding near-term catalysts.
  • Risk Mitigation: The agreements reduce community-related risk for the next 2 years (until 2028), providing stability for long-term planning.
FAS · Price
Company Overview
  • Company: First Andes Silver Ltd. (TSXV: FAS | OTC Pink: MSLVF).
  • Flagship Project: Santas Gloria Project, Peru. Located 55 km east of Lima on a 100%-owned property.
  • Project Type: Intermediate-sulphidation epithermal vein system (Ag-Au-Pb-Zn).
  • Exploration Status: First drilling commenced in 2024; ongoing systematic evaluation including soil sampling, satellite alteration mapping, and diamond drilling.
  • Secondary Assets: Three silver-gold projects acquired in New South Wales, Australia (Carrington, Stony Creek, Dartmoor) totaling ~454 km², currently in early-stage exploration/licensing phase.
Read the original news release →

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