Andean Precious - ANPMF STOCK NEWS

Andean Precious Metals Corp. granted 200,000 stock options to its new independent director, Michele Ashby, with an exercise price of C$1.15, vesting after 12 months from January 2, 2024, and expiring 5 years from the effective date.

Andean Precious Metals Corp. announced updated mineral reserve and resource estimates for Soledad Mountain mine in Kern County, Southern California. The Technical Report was prepared in compliance with National Instrument 43-101 and has been filed on SEDAR. The updated mineral reserve and resource fully met base case expectations. The life of mine is five years from 2P mineral reserves with an average annual production of up to 65 koz of gold and 466 Koz of silver. The project has pre-tax and after-tax net present values of $116 million and $102 million, respectively, at a discount rate of 5% with a gold price of $1,850/oz and a silver price of $24/oz.

Andean Precious Metals Corp. (ANPMF) announced that its subsidiary, Golden Queen Mining LLC, has resumed normal production after a fire damaged the secondary crusher circuit. The company expects lower production in Q1 2024 but anticipates no material impact on full-year 2024 production. The 2024 guidance will be released with the 2023 financial and operating results at the end of March.

Andean Precious Metals Corp. announces the approval of an automatic share purchase plan with Desjardins Securities Inc. to facilitate repurchases of up to 7,833,291 of its common shares under the normal course issuer bid. The plan is intended to allow repurchases during regulatory blackout periods and will terminate under certain conditions. The company's current NCIB commenced on December 21, 2023, and will remain active until December 20, 2024, or such earlier date as the NCIB is completed or terminated.

Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) provided an update on the fire at its Golden Queen operation in California. The fire occurred within the secondary crusher circuit perimeter and crisis management procedures were activated. The company expects lower production in the first quarter of 2024 but anticipates that the full-year production will not be materially affected. The estimated cost of repairs is in the range of $3.0-$3.4 million.

Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) announces the updated mineral reserve and resource estimate for the San Bartolomé mine and mill operations in Bolivia, with 19.0 million silver ounces and a life of operations extended to 2028.

Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) has announced a normal course issuer bid to repurchase up to 7,833,291 of its outstanding common shares, representing up to 5% of the total issued and outstanding shares. The company has already repurchased 3,160,100 shares at an average purchase price of C$0.79, totaling $1.9 million (C$2.5 million) since the initiation of the bid in October 2022. The bid will run from December 21, 2023, to December 20, 2024, with purchases made on the open market through the facilities of the TSXV. The company's intention to repurchase shares is based on the belief that the market price does not fully reflect the underlying value of its business.

Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) appoints Michele Ashby as an independent director effective January 2, 2024. With six out of seven directors being independent, Ms. Ashby brings over three decades of global mining experience and 25 years of board experience. She is the CEO & Founder of ACE LLC, and has held various leadership positions in internationally recognized associations and companies. Her appointment reflects Andean's commitment to governance and expertise in the mining industry.

Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) announced that operations continue at Golden Queen despite a fire at the secondary crusher. There were no injuries due to the fire, and the company has notified regulatory authorities. The fire started at approximately 9:00 pm PT and lasted for an hour. The full impact of the fire is yet to be fully assessed, and the secondary crusher will be down until repaired, delaying the stacking of new ore on the pad. The company will continue to leach and produce metal, but there is expected to be an impact on solution grade. Short-term mine production plans will be in effect. The company has insurance in place, including business interruption coverage.