AbraSilver Resource Corp. has closed a significant private placement that brought in over US$46 million from investors, with an additional US$1.9 million raised through a concurrent placement by Kinross Gold Corporation. This infusion strengthens AbraSilver’s financial position to accelerate development at the Diablillos project.

In a year where global markets have been anything but predictable, investors are finding solace in gold’s enduring value. Experts suggest allocating 5-10% of investment portfolios to gold to mitigate risk amid volatility.