Andean Precious Stock Price, News & Analysis

Andean Precious Metals (ANPMF) reported strong Q1 2025 financial results with record quarterly revenue of $62.0 million and adjusted EBITDA of $21.9 million. The company achieved consolidated production of 21,361 gold equivalent ounces, benefiting from higher realized gold ($2,694/oz) and silver ($31.91/oz) prices. Net income reached $14.6 million ($0.10 per share), compared to a loss in Q1 2024. The company's balance sheet strengthened with $75.7 million in liquid assets and $320.0 million in total assets. Both San Bartolome and Golden Queen operations showed improved performance, with Golden Queen producing 11,189 gold equivalent ounces and San Bartolome producing 10,172 gold equivalent ounces. The company also announced exploration program results at Golden Queen and appointed Yohann Bouchard as President.

Andean Precious Metals (OTCQX: ANPMF) has reported positive 2024 exploration results and outlined its 2025 program at the Golden Queen mine in California. The 2024 campaign, completed in two phases, included 29 shallow RC drill holes (4,617m) and 23 core holes (4,123m). Key highlights include: extension of mineralization by 100m at Silver Queen Southeast, with hole SQ24-06 yielding 1.67 g/t gold and 8 g/t silver over 5.49m; significant results at Alphason including hole AL24-02 with 0.88 g/t gold and 10 g/t silver over 92.96m; and promising findings at the new Hilltop target. For 2025, the company has allocated $2.8 million for approximately 4,267 meters of core drilling, focusing on the Silver Queen Southeast Extension, Hilltop area, and Alphason target. An updated Technical Report is expected in H1 2026.

Andean Precious Metals (ANPMF) reported Q1 2025 operational results with 21,361 gold equivalent ounces produced, aligning with expectations despite seasonal impacts. The company achieved 11,078 gold ounces and 925,000 silver ounces production.

Production was split between two main operations: Golden Queen contributed 11,189 gold equivalent ounces, while San Bartolome produced 10,172 gold equivalent ounces. The company's production profile is weighted toward H2 2025, with 40% expected in H1 and 60% in H2.

Total gold equivalent ounces sold reached 22,251, showing an increase from 20,868 in Q1 2024. Both operations are expected to contribute equally to total production through the remainder of 2025, keeping the company on track to meet its full-year guidance.

Andean Precious Metals (ANPMF) reported record performance for FY2024, achieving revenues of $254 million and adjusted EBITDA of $62.9 million. The company produced 106,287 gold equivalent ounces across its operations, with Golden Queen contributing 54,275 ounces and San Bartolome producing 4.5 million silver equivalent ounces.

Financial highlights include $34.5 million in free cash flow, net income of $19.2 million ($0.12 per share), and a strengthened balance sheet with $81.6 million in liquid assets, up from $70.1 million in 2023. The company successfully uplisted to the TSX and renewed its Normal Course Issuer Bid program.

For 2025, Andean projects consolidated production of 103,000-117,000 gold equivalent ounces, with planned capital expenditures of $28-32 million. The company expects continued strong performance based on commodity market strength and operational efficiencies.

Andean Precious Metals (TSX: APM, OTCQX: ANPMF) has scheduled its Q4 and full-year 2024 earnings release for March 18, 2025, after market close. The company will host a conference call and webcast to discuss the results on March 19, 2025 at 9:00 am ET.

Investors can access the conference call through North American toll-free number 1-833-821-0164 or 1-647-846-2305 for international calls. The webcast will be available through the company's website or via direct registration link. A replay of the webcast will remain accessible for 90 days through both the company website and the webcast platform.

Andean Precious Metals (TSX: APM, OTCQX: ANPMF) has appointed Yohann Bouchard as President, effective immediately. Bouchard, who joined the company's Board of Directors in November 2022, brings over 25 years of technical and operations experience in the mining industry.

Most recently, Bouchard served as Executive Vice President and Chief Operating Officer at New Gold, where he led successful projects including the early achievement of commercial production at New Afton's C-Zone and the first development ore mining at Rainy River's Underground Main Zone. Previously, he held the position of Senior Vice President and Chief Operating Officer at Yamana Gold, managing mining operations across the Americas.

In his new role, Bouchard will oversee Andean's mining operations and participate in the company's strategic growth initiatives while continuing to serve on the Board as a non-independent director and chair of the Health, Safety, Sustainability and Environmental Committee.

Andean Precious Metals (TSX: APM, OTCQX: ANPMF) has been named as one of the top-performing companies on the TSX Venture Exchange for 2024, securing a spot in the 2025 TSX Venture 50 list. The company demonstrated remarkable performance with an 84% increase in share price by year-end.

The selection process evaluated approximately 1,600 companies based on three key metrics: market capitalization growth, share price appreciation, and trading volume. Executive Chairman and CEO Alberto Morales attributed this recognition to the company's operational strength, team dedication, and commitment to sustainable growth while maintaining a strong balance sheet and focusing on long-term shareholder value.

Andean Precious Metals (TSX: APM, OTCQX: ANPMF) has signed a significant Sale and Purchase Agreement with COMIBOL, Bolivia's state-owned mining company. The agreement allows Andean to purchase up to 250,000 dry tonnes of oxide material from COMIBOL's Real del Monte and Temeridad mining concession, located 18 km northeast of Uyuni and 200 km southwest of Andean's San Bartolomé mine.

Key terms include: a US$3 million upfront payment ($12.00 per tonne), delivery within 25 months, and ongoing monthly payments for COMIBOL's operating and administrative expenses. The material must meet a minimum grade of 180 grams/dry tonne, with Andean reserving the right to reject substandard material. Weight verification will be conducted jointly, with final sampling performed by an accredited Bolivian laboratory.

Andean Precious Metals (TSX: APM, OTCQ: ANPMF) has reported initial results from its 2024 Phase 2 exploration drilling program at the Golden Queen mine in California. The program covered 4,123 metres across 22 HQ-sized core holes and 207 metres in one PQ-sized core hole for metallurgical testing.

Key findings include intersections of 7.06 g/t gold and 43.2 g/t silver over 1.89 metres, and 4.05 g/t gold and 20.9 g/t silver over 1.95 metres in the Silver Queen SE Extension target. The drilling program focused on three targets: Silver Queen SE Extension, Alphason, and Hilltop, with results pending for most holes.

The company also announced that Sylvain Lessard has stepped down as General Manager at Golden Queen mine on January 14, 2025. COO Marcos Holanda will oversee operations while a replacement is sought.