Andean Precious Metals Reports First Quarter Operational Results
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) ha riportato i risultati operativi del primo trimestre 2025 con una produzione di 21.361 once equivalenti d'oro, in linea con le aspettative nonostante gli effetti stagionali. L'azienda ha prodotto 11.078 once d'oro e 925.000 once d'argento.
La produzione è stata suddivisa tra due principali operazioni: Golden Queen ha contribuito con 11.189 once equivalenti d'oro, mentre San Bartolome ha prodotto 10.172 once equivalenti d'oro. Il profilo produttivo dell'azienda è concentrato nella seconda metà del 2025, con il 40% previsto nel primo semestre e il 60% nel secondo.
Le once equivalenti d'oro totali vendute hanno raggiunto 22.251, in aumento rispetto alle 20.868 del primo trimestre 2024. Si prevede che entrambe le operazioni contribuiscano in modo equilibrato alla produzione totale per il resto del 2025, mantenendo l'azienda sulla buona strada per raggiungere le previsioni annuali.
Andean Precious Metals (ANPMF) reportó los resultados operativos del primer trimestre de 2025 con una producción de 21,361 onzas equivalentes de oro, cumpliendo con las expectativas a pesar de los impactos estacionales. La compañía alcanzó una producción de 11,078 onzas de oro y 925,000 onzas de plata.
La producción se dividió entre dos operaciones principales: Golden Queen aportó 11,189 onzas equivalentes de oro, mientras que San Bartolome produjo 10,172 onzas equivalentes de oro. El perfil de producción de la empresa está orientado hacia la segunda mitad de 2025, con un 40% esperado en el primer semestre y un 60% en el segundo.
El total de onzas equivalentes de oro vendidas alcanzó 22,251, mostrando un aumento respecto a las 20,868 del primer trimestre de 2024. Se espera que ambas operaciones contribuyan por igual a la producción total durante el resto de 2025, manteniendo a la compañía encaminada para cumplir su guía anual.
Andean Precious Metals (ANPMF)는 2025년 1분기 운영 실적을 보고하며 21,361 온스 금 환산 생산량을 기록했으며, 계절적 영향에도 불구하고 예상과 부합했습니다. 회사는 11,078 온스 금과 925,000 온스 은을 생산했습니다.
생산은 두 주요 사업장에서 나뉘었으며, Golden Queen이 11,189 온스 금 환산량을, San Bartolome이 10,172 온스 금 환산량을 생산했습니다. 회사의 생산 프로필은 2025년 하반기에 집중되어 있으며, 상반기에 40%, 하반기에 60%가 예상됩니다.
총 금 환산 온스 판매량은 22,251로 2024년 1분기 20,868에서 증가했습니다. 두 사업장은 2025년 남은 기간 동안 총 생산에 균등하게 기여할 것으로 예상되며, 회사는 연간 가이던스를 달성할 수 있을 것으로 보입니다.
Andean Precious Metals (ANPMF) a annoncé ses résultats opérationnels du premier trimestre 2025 avec une production de 21 361 onces équivalent or, conforme aux attentes malgré les impacts saisonniers. La société a produit 11 078 onces d'or et 925 000 onces d'argent.
La production s’est répartie entre deux principales opérations : Golden Queen a contribué à hauteur de 11 189 onces équivalent or, tandis que San Bartolome a produit 10 172 onces équivalent or. Le profil de production de la société est orienté vers le second semestre 2025, avec 40 % attendus au premier semestre et 60 % au second.
Le total des onces équivalent or vendues a atteint 22 251, en hausse par rapport à 20 868 au premier trimestre 2024. Les deux opérations devraient contribuer à parts égales à la production totale pour le reste de 2025, maintenant la société sur la bonne voie pour atteindre ses objectifs annuels.
Andean Precious Metals (ANPMF) meldete die operativen Ergebnisse für das erste Quartal 2025 mit einer Produktion von 21.361 Goldäquivalentunzen, was trotz saisonaler Einflüsse den Erwartungen entspricht. Das Unternehmen erzielte eine Produktion von 11.078 Unzen Gold und 925.000 Unzen Silber.
Die Produktion verteilte sich auf zwei Hauptbetriebe: Golden Queen steuerte 11.189 Goldäquivalentunzen bei, während San Bartolome 10.172 Goldäquivalentunzen produzierte. Das Produktionsprofil des Unternehmens ist auf die zweite Hälfte des Jahres 2025 ausgerichtet, mit 40 % im ersten Halbjahr und 60 % im zweiten Halbjahr.
Die insgesamt verkauften Goldäquivalentunzen erreichten 22.251 und stiegen damit gegenüber 20.868 im ersten Quartal 2024. Beide Betriebe sollen im weiteren Verlauf des Jahres 2025 gleichermaßen zur Gesamtproduktion beitragen, sodass das Unternehmen auf Kurs ist, seine Jahresprognose zu erfüllen.
- Gold equivalent ounces sold increased to 22,251 in Q1 2025 from 20,868 in Q1 2024
- Gold production increased to 11,078 oz in Q1 2025 from 10,433 oz in Q1 2024
- San Bartolome's gold production improved significantly to 769 oz from 174 oz year-over-year
- Q1 historically represents the lowest production quarter due to seasonality
- Gold ounces sold decreased to 10,824 oz from 11,291 oz year-over-year
Toronto, Ontario--(Newsfile Corp. - April 15, 2025) - Andean Precious Metals Corp. (TSX: APM) (OTCQX: ANPMF) ("Andean" or the "Company") is pleased to report its first quarter operational results for the quarter ended March 31, 2025. The Company is also providing notice that it will release its first quarter 2025 financial results after market close on Tuesday, May 6, 2025. The Company will host its first quarter 2025 earnings conference call and webcast on Wednesday, May 7, 2025, at 9:00 am Eastern Time.
Alberto Morales, Executive Chairman and CEO, stated: "Our first quarter production of 21,361 gold equivalent ounces was in line with expectations and reflects the seasonality we typically see across our operations, with Q1 historically being our lowest quarter. We anticipate higher production in Q2 and continued momentum in the second half of the year, positioning us to meet our full-year guidance. While San Bartolome is especially impacted by seasonal factors in Q1, our overall results were consistent with expectations. Our production profile is weighted toward the second half of the year, with approximately
| OPERATIONAL RESULTS | Q1 2025 | Q1 2024 | ||||
| Consolidated | ||||||
| Gold ounces produced (Au, oz) | 11,078 | 10,433 | ||||
| Silver ounces produced (Ag, k-oz) | 925 | 917 | ||||
| Gold equivalent ounces produced (Au, oz) 1 | 21,361 | 21,031 | ||||
| Gold ounces sold (Au, oz) | 10,824 | 11,291 | ||||
| Silver ounces sold (Ag, k-oz) | 1,029 | 919 | ||||
| Gold equivalent ounces sold (Au, oz) 1 | 22,251 | 20,868 | ||||
| Golden Queen | ||||||
| Gold ounces produced (Au, oz) | 10,309 | 10,259 | ||||
| Silver ounces produced (Ag, k-oz) | 79 | 105 | ||||
| Gold equivalent ounces produced (Au, oz) 1 | 11,189 | 11,490 | ||||
| Gold ounces sold (Au, oz) | 10,029 | 11,121 | ||||
| Silver ounces sold (Ag, k-oz) | 77 | 108 | ||||
| Gold equivalent ounces sold (Au, oz) 1 | 10,881 | 11,343 | ||||
| San Bartolome | ||||||
| Gold ounces produced (Au, oz) | 769 | 174 | ||||
| Silver ounces produced (Ag, k-oz) | 846 | 812 | ||||
| Gold equivalent ounces produced (Au, oz) 1 | 10,172 | 9,541 | ||||
| Gold ounces sold (Au, oz) | 795 | 170 | ||||
| Silver ounces sold (Ag, k-oz) | 952 | 811 | ||||
| Gold equivalent ounces sold (Au, oz) 1 | 11,370 | 9,525 | ||||
(1) Beginning in 2025, gold equivalent ounces of silver produced or sold in a quarter are computed using a consistent ratio of silver price to the gold price and multiplying this ratio by silver ounces produced or sold during that quarter. The Company is using a conversion factor of 90 using a price assumption of
Q1 2025 Conference Call and Webcast
Wednesday, May 7, at 9:00 AM ET
Participants may listen to the webcast by registering via the following link https://www.gowebcasting.com/14022
Participants may also listen to the conference call by calling North American toll free 1-833-821-0164, or 1-647-846-2305 outside the U.S. or Canada.
An archived reply of the webcast will be available for 90 days at: https://www.gowebcasting.com/14022 or the Company website at www.andeanpm.com.
About Andean Precious Metals
Andean is a growing precious metals producer focused on expanding into top-tier jurisdictions in the Americas. The Company owns and operates the San Bartolomé processing facility in Potosí, Bolivia and the Soledad Mountain mine in Kern County, California, and is well-funded to act on future growth opportunities. Andean's leadership team is committed to creating value; fostering safe, sustainable and responsible operations; and achieving our ambition to be a multi-asset, mid-tier precious metals producer.
For more information, please contact:
Amanda Mallough
Director, Investor Relations
amallough@andeanpm.com
T: +1 647 463 7808
Caution Regarding Forward-Looking Statements
Certain statements and information in this release constitute "forward-looking statements" within the meaning of applicable U.S. securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws, which we refer to collectively as "forward-looking statements". Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future economic conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as "seek", "expect", "anticipate", "budget", "plan", "estimate", "continue", "forecast", "intend", "believe", "predict", "potential", "target", "may", "could", "would", "might", "will" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook.
Forward-looking statements in this release include, but are not limited to, statements and information regarding the Company's production, expectations for 2025 and the Company's release of its first quarter 2025 financial results. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to: the Company's ability to carry on exploration and development activities; the Company's ability to secure and to meet obligations under property and option agreements and other material agreements; the timely receipt of required approvals and permits; that there is no material adverse change affecting the Company or its properties; that contracted parties provide goods or services in a timely manner; that no unusual geological or technical problems occur; that plant and equipment function as anticipated and that there is no material adverse change in the price of silver, price of gold, costs associated with production or recovery. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those anticipated in such forward-looking statements. The Company believes the expectations reflected in such forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct, and you are cautioned not to place undue reliance on forward-looking statements contained herein.
Some of the risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements contained in this release include, but are not limited to: risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits and conclusions of economic evaluations; results of initial feasibility, pre-feasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks relating to possible variations in reserves, resources, grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as plans continue to be refined; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages and strikes) or other unanticipated difficulties with or interruptions in exploration and development; the potential for delays in exploration or development activities or the completion of feasibility studies; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; risks related to commodity price and foreign exchange rate fluctuations; the uncertainty of profitability based upon the cyclical nature of the industry in which the Company operates; risks related to failure to obtain adequate financing on a timely basis and on acceptable terms or delays in obtaining governmental or local community approvals or in the completion of development or construction activities; risks related to environmental regulation and liability; political and regulatory risks associated with mining and exploration; risks related to the uncertain global economic environment; and other factors contained in the section entitled "Risk Factors" in the Company's MD&A for the three and twelve months ended December 31, 2024.
Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking statements, you are cautioned that this list is not exhaustive and there may be other factors that the Company has not identified. Furthermore, the Company undertakes no obligation to update or revise any forward-looking statements included in this release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248438
FAQ
How many gold equivalent ounces did ANPMF produce in Q1 2025?
What is ANPMF's production split between Golden Queen and San Bartolome in Q1 2025?
How does ANPMF's 2025 production schedule break down between H1 and H2?
When will ANPMF release its Q1 2025 financial results?
