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 (ANPMF) provides investors and industry observers with essential updates through this centralized news resource. Track the latest developments from this mid-tier producer specializing in sustainable silver and gold extraction across its Bolivian and Californian operations.
Access timely updates including quarterly earnings reports, operational expansions, and environmental initiatives. Our curated feed ensures you stay informed about strategic acquisitions, processing technology advancements, and corporate governance matters without promotional bias.
Key updates cover production milestones at the San Bartolomé plant, efficiency improvements at Soledad Mountain, and sustainability certifications. Bookmark this page for direct access to primary source materials including SEC filings and official press releases, maintained for both casual observers and professional analysts.
Andean Precious Metals, through its subsidiary Soledad Holdings, announced its decision not to pay the remaining balance for acquiring Golden Queen Mining Company in common shares.
As previously stated on November 27, 2023, Andean had finalized the acquisition on November 24, 2023, from Auvergne Umbrella This decision to opt for cash payments over common shares is irrevocable. The company's ticker on TSXV is APM and on OTCQX is ANPMF.
On June 11, 2024, Andean Precious Metals (TSXV: APM, OTCQX: ANPMF) announced the grant of 2,195,236 restricted share units (RSUs) to certain executive officers, employees, and consultants under the company's Omnibus Long-Term Incentive Plan.
These RSUs will vest in three equal installments: one-third after 12 months, one-third after 24 months, and the remaining third after 36 months. Upon vesting, each RSU will be converted to one common share of Andean or a cash payment, as agreed upon by the participant and the company.
Andean Precious Metals (TSXV: APM, OTCQX: ANPMF) reported a robust Q1 2024, with significant production and revenue gains despite some operational challenges. The company produced 1.8 million silver equivalent ounces (AgEq oz), an 82% increase from Q1 2023, with Golden Queen contributing 11,490 AuEq oz. Q1 revenue was $43.1 million, nearly double the $23.0 million from Q1 2023. Gross operating income increased to $3.2 million from $0.4 million. However, the company recorded a net loss of $0.1 million. Operating costs per ounce sold were $1,936, with all-in sustaining costs at $1,627. Andean reaffirmed its 2024 guidance, with expected annual production of 60 Koz AuEq at Golden Queen and 5.0 Moz AgEq at San Bartolome. A share buyback program continued, repurchasing 5.3 million shares. The company maintains strong liquid assets of $72.8 million to support strategic growth initiatives and has strengthened its management team with new COO Marcos Holanda.
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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