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) is a growing precious metals producer with operations in Bolivia and California. The company focuses on top-tier jurisdictions in the Americas and is committed to creating value and responsible operations. With projects like the San Bartolomé processing facility and the Soledad Mountain mine, Andean is well-positioned for future growth opportunities.
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.
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.
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