ASX silver share Andean Silver Ltd (ASX: ASL) has been on an absolute tear this past year.
What kind of tear am I talking about?
Well, one year ago, you could have bought Andean Silver shares for 22 cents apiece. In afternoon trade today, those same shares are swapping hands for $1.08 apiece, up 390%.
That would have turned a $5,000 investment at this time last year into $24,300 today.
Though I should note that 12 months ago, Andean Silver was still called Mitre Mining. The company officially changed its name in July after acquiring the Cerro Bayo silver project in Chile.
So forget ASX gold stocks.
Here's why MPC Markets' Jonathan Tacadena believes Andean Silver could deliver more market-beating gains in 2025 (courtesy of The Bull).
Image source: Getty Images
Why this ASX silver share is charging higher in 2025
"This Australian company is focusing on its Cerro Bayo silver-gold project in southern Chile," said Tacadena, who has a buy rating on the ASX silver share.
"The company will operate its biggest ever geophysics exploration campaign using modern techniques for the first time in more than 15 years," he said.
Tacadena added:
Work will be conducted across 300 square kilometres and is expected to finish in six months. In 2024, ASL increased the resource estimate from 25 million ounces of silver equivalent to 91 million ounces.
A maiden resource announcement is planned in the first quarter of calendar year 2025.
With promising future announcements potentially offering more tailwinds to the soaring ASX silver share, Tacadena said, "Investors may want to consider buying the stock at what we believe is good value ahead of any key news announcements."
What's the latest from Andean Silver?
Andean Silver released its December quarter results on 21 January.
The ASX silver share closed up 6.2% on the day, with the company reporting "more outstanding results" ahead of its pending resource update.
Commenting on the ongoing progress, Andean Silver CEO Tim Laneyrie said, "We continue to grow the known high-grade mineralisation and identify new near-mine targets. Given this huge potential, we have added a third drilling rig."
Laneyrie added:
Drilling generated a host of strong results, and we have been highly successful in discovering new vein systems and extending historic areas.
This puts us in the enviable position of having a pipeline with an abundance of new targets to explore. And we expect to add even more when the major geophysics program is completed.
The ASX silver share held cash and cash equivalents at the end of the December quarter of $26.0 million, down from $31.1 million at the end of the September quarter.
