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ANDEAN PRECIOUS METALS CP - $ANPMF STOCK NEWS

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Rhea-AI Summary

Andean Precious Metals Corp. will announce its first quarter 2024 financial and operating results on May 13, 2024, followed by a conference call and webcast on May 14, 2024. Participants can join via webcast or dial-in numbers. The archived webcast will be available for 90 days.

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-7.3%
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Andean Precious Metals Corp. expects production to double in 2024 with the full-year inclusion of Golden Queen. The company reported significant progress in its growth strategy, including the acquisition of Golden Queen, adding a producing gold and silver mine. With a focus on increasing cash flow generation and operational efficiencies, Andean is poised for increased gold and silver production.
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-3.45%
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Andean Precious Metals Corp. appoints Marcos Holanda as Chief Operating Officer to drive company repositioning and growth. Holanda's extensive mining experience and operational skills will enhance Andean's operations in Bolivia and Golden Queen, focusing on efficiency, cost optimization, and new growth opportunities.
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4.18%
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Andean Precious Metals Corp. (ANPMF) will release its financial results for Q4 and full-year 2023 on March 26, 2024. A conference call/webcast will be held on March 27, 2024, to discuss the results.
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2.07%
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Andean Precious Metals Corp. (ANPMF) has filed articles of continuance to move from British Columbia to Ontario, effective March 8, 2024. The Continuance was approved at a shareholder meeting in August 2023. Details are outlined in the management information circular available on SEDAR+.
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7.29%
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Andean Precious Metals Corp. secures a $25 million revolving line of credit with Banco Santander International to enhance financial flexibility. The LOC is backed by short-term investments and cash equivalents, offering support for general corporate purposes. With a strong year-end balance sheet and liquid assets of $72 million, including $65 million in cash, Andean aims to strengthen its position as a multi-asset mid-tier precious metals producer.
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-2.35%
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Andean Precious Metals Corp. files a Preliminary Feasibility Study Technical Report for San Bartolomé Mine Bolivia, extending the operating life by 4.6 years based on new mineral reserve estimates. The report highlights opportunities for growth, including securing more feedstock and potential drill programs.
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Andean Precious Metals Corp. granted 200,000 stock options to its new independent director, Michele Ashby, with an exercise price of C$1.15, vesting after 12 months from January 2, 2024, and expiring 5 years from the effective date.
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Andean Precious Metals Corp. announced updated mineral reserve and resource estimates for Soledad Mountain mine in Kern County, Southern California. The Technical Report was prepared in compliance with National Instrument 43-101 and has been filed on SEDAR. The updated mineral reserve and resource fully met base case expectations. The life of mine is five years from 2P mineral reserves with an average annual production of up to 65 koz of gold and 466 Koz of silver. The project has pre-tax and after-tax net present values of $116 million and $102 million, respectively, at a discount rate of 5% with a gold price of $1,850/oz and a silver price of $24/oz.
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Rhea-AI Sentiment
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-5.31%
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Andean Precious Metals Corp. (ANPMF) announced that its subsidiary, Golden Queen Mining LLC, has resumed normal production after a fire damaged the secondary crusher circuit. The company expects lower production in Q1 2024 but anticipates no material impact on full-year 2024 production. The 2024 guidance will be released with the 2023 financial and operating results at the end of March.
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Rhea-AI Sentiment
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3.11%
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ANDEAN PRECIOUS METALS CP

OTC:ANPMF

ANPMF Rankings

ANPMF Stock Data

110.48M
49.78M
67.64%
14.15%
Crushed and Broken Limestone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
Toronto