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Andean Precious - ANPMF STOCK NEWS

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.

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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.

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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.

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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.

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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.

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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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Andean Precious Metals Corp. expects production to double in 2024 with the full-year inclusion of Golden Queen. The company reported significant progress in its growth strategy, including the acquisition of Golden Queen, adding a producing gold and silver mine. With a focus on increasing cash flow generation and operational efficiencies, Andean is poised for increased gold and silver production.
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Andean Precious Metals Corp. appoints Marcos Holanda as Chief Operating Officer to drive company repositioning and growth. Holanda's extensive mining experience and operational skills will enhance Andean's operations in Bolivia and Golden Queen, focusing on efficiency, cost optimization, and new growth opportunities.
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Andean Precious Metals Corp. (ANPMF) will release its financial results for Q4 and full-year 2023 on March 26, 2024. A conference call/webcast will be held on March 27, 2024, to discuss the results.
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Andean Precious Metals Corp. (ANPMF) has filed articles of continuance to move from British Columbia to Ontario, effective March 8, 2024. The Continuance was approved at a shareholder meeting in August 2023. Details are outlined in the management information circular available on SEDAR+.
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Andean Precious Metals Corp. secures a $25 million revolving line of credit with Banco Santander International to enhance financial flexibility. The LOC is backed by short-term investments and cash equivalents, offering support for general corporate purposes. With a strong year-end balance sheet and liquid assets of $72 million, including $65 million in cash, Andean aims to strengthen its position as a multi-asset mid-tier precious metals producer.
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FAQ

What is the current stock price of Andean Precious (ANPMF)?

The current stock price of Andean Precious (ANPMF) is $1.0301 as of February 27, 2025.

What is the market cap of Andean Precious (ANPMF)?

The market cap of Andean Precious (ANPMF) is approximately 174.1M.

Where does Andean Precious Metals operate?

Andean has operations in Bolivia and California, focusing on top-tier jurisdictions in the Americas.

What projects does Andean have?

Andean operates the San Bartolomé processing facility in Bolivia and the Soledad Mountain mine in California.

What is Andean's commitment?

Andean is committed to creating value, fostering safe, sustainable, and responsible operations.

What are Andean's growth opportunities?

Andean is well-funded to act on future growth opportunities, aiming to be a multi-asset, mid-tier precious metals producer.

How can I contact Andean for more information?

For more information, you can contact Amanda Mallough, Director of Investor Relations, at amallough@andeanpm.com or by calling +1 647 463 7808.
Andean Precious

OTC:ANPMF

ANPMF Rankings

ANPMF Stock Data

174.14M
43.62M
69.1%
8.21%
Silver
Basic Materials
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Canada
Toronto