Andean Precious Stock Price, News & Analysis

Andean Precious Metals (TSX: APM, OTCQX: ANPMF) has established an Automatic Share Purchase Plan (ASPP) in connection with its previously announced Normal Course Issuer Bid (NCIB). The ASPP, approved by the Toronto Stock Exchange on January 13, 2025, allows for the purchase and cancellation of up to 7,490,221 common shares.

The ASPP enables share repurchases during blackout periods when the company would typically be restricted from making purchases. The plan will be executed through Desjardins Securities Inc. and will run from January 14, 2025, until either the NCIB maximum purchase limit is reached, the NCIB expires on January 2, 2026, or the company terminates the plan.

Share purchases under the NCIB may also occur outside blackout periods at management's discretion, subject to TSX rules and securities laws. The company maintains the right to discontinue purchases at any time.

Andean Precious Metals (TSXV: APM) (OTCQX: ANPMF) has received final approval for uplisting its common shares to the Toronto Stock Exchange (TSX). Trading on the TSX will commence on January 9, 2025, under the ticker symbol APM.

This transition represents a significant milestone in the company's growth strategy, aiming to enhance visibility, liquidity, and access to institutional investors. Shareholders are not required to take any action regarding the uplisting. The company's senior management team will mark this achievement by participating in the TSX's market opening ceremony and ringing the opening bell at 9:30 AM EST on January 9, 2025.

Andean Precious Metals (TSXV: APM, OTCQX: ANPMF) has received TSX approval to renew its Normal Course Issuer Bid (NCIB) program. The company plans to purchase up to 7,490,221 shares, representing 5% of its 149,362,936 outstanding shares as of January 2, 2024.

Since the initial NCIB launch in October 2022, the company has repurchased and cancelled 10,993,391 shares at an average price of C$0.78, totaling $6,352,869 (C$8,579,914). The renewed NCIB will run from January 3, 2025, to January 2, 2026, with purchases made on the open market through TSX at market prices plus brokerage fees. Desjardins Securities will facilitate the share purchases.

Andean Precious Metals (TSXV: APM, OTCQX: ANPMF) has issued a statement regarding its dispute with Silver Elephant Mining over their Master Services Agreement (MSA) dated September 11, 2023. The company denies any default allegations, including a US$1 million payment obligation, and considers Silver Elephant's MSA termination wrongful. Andean claims Silver Elephant failed to fulfill several material obligations, including maintaining its Mining Production Contract with COMIBOL and providing necessary access for oxide minerals mining. The company is working with legal counsel to dispute the termination while sourcing replacement tonnage from alternative suppliers to maintain operational continuity.

Andean Precious Metals (TSXV: APM) (OTCQX: ANPMF) has received conditional approval to graduate from the TSX Venture Exchange to the Toronto Stock Exchange (TSX). This uplisting represents a significant milestone for the company, aimed at enhancing visibility and broadening its investor base through improved access and liquidity.

The company will maintain its trading symbol APM and transition to APM.TO on the TSX once final conditions are met. Shareholders won't need to take any action regarding their share certificates as there will be no changes to the trading symbol or CUSIP for the common shares.

Andean Precious Metals (ANPMF) reported strong Q3 2024 financial results with record $98.1 million in cash and investments, driven by $17 million in free cash flow and $23.4 million in operating cash flow. The company achieved consolidated revenue of $68.4 million with gold sales at $2,413/oz and silver at $31.40/oz. Production reached 29,284 gold equivalent ounces across operations. Golden Queen faced temporary production challenges due to crusher circuit suspension, while San Bartolomé showed improved recovery at 83%. The company reaffirmed its 2024 guidance but expects production at the lower end, with increased AISC guidance to $1,950 per gold ounce at Golden Queen due to additional capital expenditures.

Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) has announced its upcoming third quarter 2024 financial and operating results release and conference call schedule. The company will report its Q3 2024 results after market close on Monday, November 11, 2024. Following this, management will host a conference call and webcast on Tuesday, November 12, 2024, at 9:00 am ET to discuss the results.

Participants can join the conference call via webcast by registering on the company's website or through provided dial-in numbers. The North American toll-free number is 1-844-763-8274, while participants outside the U.S. or Canada can call 1-647-484-8814. An archived replay of the webcast will be available for 90 days on the company's website and the provided link.

Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) has published its 2023 Sustainability Report, highlighting significant progress in Environmental, Social, and Governance (ESG) performance. Key achievements include:

- Environmental: ISO 14001:2015 certification, reduced emissions to 5.20 kg CO₂e/oz, and zero significant environmental incidents.
- Social: Strong economic contribution to Potosi, implementation of Indigenous Development Plan, and improved gender impact in local communities.
- Health and Safety: Renewed ISO 45001:2018 certification and introduced an electronic reporting system for safety risks.

The company's Bolivian subsidiary, Empresa Minera Manquiri, renewed certifications including the RMI Responsible Minerals Initiative for silver. Andean Precious Metals remains committed to sustainable mining practices and positive community impact.

Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) held its Annual General Meeting of Shareholders on August 15, 2024. The meeting saw a strong shareholder turnout, with 88.37% of the company's total issued and outstanding shares represented. Shareholders approved all management resolutions, including:

• Fixing the number of directors at seven
• Electing seven members to the Board of Directors
• Re-approving KPMG LLP as the company's auditors

The elected Board members are Grant Angwin, Yohan Bouchard, Felipe Canales, Peter Gundy, Alberto Morales, Ramiro Villarreal, and Michele Ashby.