Welcome to our dedicated page for Andean Precious news (Ticker: ANPMF), a resource for investors and traders seeking the latest updates and insights on Andean Precious stock.
Andean Precious Metals Corp. reports operating and corporate developments for a precious metals producer with assets in the Americas. The company owns and operates the San Bartolome processing facility in Potosí, Bolivia, and the Golden Queen mine in Kern County, California. Recurring updates cover production results, silver and gold output, throughput, grades, mine planning, exploration activity, and production, cost, and capital investment guidance.
Company news also includes financing arrangements, capital-structure updates, senior management and board changes, and market-access developments tied to Andean's common shares. The coverage reflects the company's effort to build a multi-asset precious metals portfolio while maintaining operating disclosures for its producing assets.
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.
Andean Precious Metals (TSX: APM, OTCQX: ANPMF) has signed an exclusive Sale and Purchase Agreement with Empresa Minera Trapiche for up to 100,000 dry tonnes of oxide material from the Trapiche Concession in Bolivia. The agreement includes an initial delivery of 28,000 dry tonnes within 3 months, with the full volume to be delivered within 1 year.
The Trapiche Concession, an undeveloped epithermal silver and base metal deposit, is located 140 km northeast of Uyuni and 250 km southwest of Andean's San Bartolomé mine. The purchase price will be based on the silver grade of the oxidized mineral, with a minimum grade requirement of 180 grams/dry tonne. The agreement includes quality control measures and compliance requirements with national environmental regulations and international anti-corruption laws.
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.