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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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Andean Precious Metals Corp. announces the approval of an automatic share purchase plan with Desjardins Securities Inc. to facilitate repurchases of up to 7,833,291 of its common shares under the normal course issuer bid. The plan is intended to allow repurchases during regulatory blackout periods and will terminate under certain conditions. The company's current NCIB commenced on December 21, 2023, and will remain active until December 20, 2024, or such earlier date as the NCIB is completed or terminated.
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Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) provided an update on the fire at its Golden Queen operation in California. The fire occurred within the secondary crusher circuit perimeter and crisis management procedures were activated. The company expects lower production in the first quarter of 2024 but anticipates that the full-year production will not be materially affected. The estimated cost of repairs is in the range of $3.0-$3.4 million.
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Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) announces the updated mineral reserve and resource estimate for the San Bartolomé mine and mill operations in Bolivia, with 19.0 million silver ounces and a life of operations extended to 2028.
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Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) has announced a normal course issuer bid to repurchase up to 7,833,291 of its outstanding common shares, representing up to 5% of the total issued and outstanding shares. The company has already repurchased 3,160,100 shares at an average purchase price of C$0.79, totaling $1.9 million (C$2.5 million) since the initiation of the bid in October 2022. The bid will run from December 21, 2023, to December 20, 2024, with purchases made on the open market through the facilities of the TSXV. The company's intention to repurchase shares is based on the belief that the market price does not fully reflect the underlying value of its business.
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Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) appoints Michele Ashby as an independent director effective January 2, 2024. With six out of seven directors being independent, Ms. Ashby brings over three decades of global mining experience and 25 years of board experience. She is the CEO & Founder of ACE LLC, and has held various leadership positions in internationally recognized associations and companies. Her appointment reflects Andean's commitment to governance and expertise in the mining industry.
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Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) announced that operations continue at Golden Queen despite a fire at the secondary crusher. There were no injuries due to the fire, and the company has notified regulatory authorities. The fire started at approximately 9:00 pm PT and lasted for an hour. The full impact of the fire is yet to be fully assessed, and the secondary crusher will be down until repaired, delaying the stacking of new ore on the pad. The company will continue to leach and produce metal, but there is expected to be an impact on solution grade. Short-term mine production plans will be in effect. The company has insurance in place, including business interruption coverage.
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Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) granted restricted share units (RSUs) to certain employees and service providers of its subsidiary, Golden Queen Mining, on December 4, 2023. The board of directors approved the grant of 821,181 RSUs to retain critical personnel and promote business success. The RSUs will vest in 12 months and be settled in shares of the Company.
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Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) is pivoting Bolivian operations into a processing facility to secure long-term material purchasing contracts, driving margins and cash flow. The company reported its operating highlights and unaudited condensed interim financial results for the three and nine months ended September 30, 2023, showcasing a transformative period with exclusive agreements and acquisitions.
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Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) has acquired Golden Queen Mining LLC, including the Soledad Mountain mine in Southern California. The deal aims to diversify Andean's operations, increase annual production, and move into a tier one mining jurisdiction. The acquisition adds $133.4 million in net assets to Andean's balance sheet and is expected to significantly increase the company's annual production.
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Andean Precious Metals Corp.
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
United States of America
Toronto