Welcome to our dedicated page for ANDEAN PRECIOUS METALS CP news (Ticker: ANPMF), a resource for investors and traders seeking the latest updates and insights on ANDEAN PRECIOUS METALS CP 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 has appointed Sylvain Lessard as President and General Manager of Golden Queen Mine, effective July 11, 2024. Lessard, with over 30 years of experience in the mining sector, has a distinguished career that includes senior roles at Hecla Quebec, Casa Berardi Mine, and Tacora Resources. His expertise in open pit mining operations and strategic leadership aligns with Andean's goals of operational excellence and cost control. Lessard holds a Bachelor of Science in Mining Engineering from École Polytechnique de Montréal and has professional training in Lean Management and Leadership. This appointment aims to strengthen Andean's position in the industry.
Andean Precious Metals announced the grant of 227,398 restricted share units (RSUs) to certain executive officers as a special bonus for the successful closing of the Golden Queen Transaction on April 2, 2024. These RSUs, approved by the Board, will vest 12 months from the date of grant. Upon vesting, each RSU will be converted into one common share of Andean or may be settled via a cash payment if both parties agree.
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.
FAQ
What is the current stock price of ANDEAN PRECIOUS METALS CP (ANPMF)?
What is the market cap of ANDEAN PRECIOUS METALS CP (ANPMF)?
Where does Andean Precious Metals operate?
What projects does Andean have?
What is Andean's commitment?
What are Andean's growth opportunities?
How can I contact Andean for more information?
