ANDEAN PRECIOUS METALS CP - ANPMF STOCK NEWS

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.

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.

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.

Andean Precious Metals Corp. (APM) to Report Q3 2023 Financial Results on November 29, 2023

Andean Precious Metals Corp. and its subsidiary, Empresa Minera Manquiri S.A., have entered into agreements with Silver Elephant Mining Corp. and its subsidiaries for the Paca silver project. Manquiri has an exclusive agreement to purchase up to 800,000 tonnes of oxide material from Paca. The total cash consideration is $5 million plus up to $2 million relating to a silver price-linked contingency. Paca has estimated oxide mineral resources of 1.1M tonnes of indicated mineral resources and 0.35M tonnes of inferred mineral resources. The Paca material is expected to be an important source of oxide feed material for Andean's San Bartolomé mill. The Andean Entities have secured approximately one million tonnes of third-party material since the beginning of 2023. The Andean Entities will pay total consideration of $5.0 million to Silver Elephant. If the silver spot price reaches certain levels during the term, Andean shall pay additional one-time non-refundable cash payments of $1 million each. The scientific and technical content of this press release was reviewed and approved by a Qualified Person.

Andean Precious Metals Corp. announces voting results from Annual General and Special Meeting of Shareholders

Andean Precious Metals Corp. reported its Q2 2023 operating highlights and unaudited financial results. The company produced 1.2 million silver equivalent ounces, an increase of 22%, and reaffirmed its full year 2023 production guidance of 4.8-5.2 million AgEq oz. Recovery rates improved to an average of 79% in each of the first two quarters. Q2 2023 revenue was $15.3 million, with a decrease in ounces sold due to sales deferral. Operating cash costs per ounce decreased by 11% and AISC per ounce sold decreased by 2%. Net income remained unchanged at $0.2 million. The company has a debt-free balance sheet with $70.4 million in cash and cash equivalents.