Andean Precious Metals Corp

Description

Andean Precious Metals Corp is a dual-asset precious metals producer operating the San Bartolome silver operation in Potosí, Bolivia, and the Golden Queen gold-silver mine in California, USA. San Bartolome, a tailings-reprocessing operation, produced 4.453 million ounces of silver in 2025, while Golden Queen contributed 332,000 ounces of silver as a byproduct alongside gold production; the company was named to the 2026 TSX30 as a top-performing stock, with shares up 666% including dividends over three years.

The company's 2026 guidance calls for consolidated production of 46,000-54,000 ounces of gold and 4.6-5.1 million ounces of silver (100,000-114,000 gold-equivalent ounces), with San Bartolome targeting a gross cash operating margin of $20-35 per silver-equivalent ounce and Golden Queen guided to an AISC of $1,850-2,150 per gold ounce. San Bartolome's mineral reserve base was recently extended to support a 4.6-year mine life on updated 2P reserves, with measured and indicated resources of 6.1 million tonnes grading 98 g/t silver.

Weakness

List of projects

1. San Bartolome — 100% interest, Potosí, Bolivia; metals: Silver.
2. Golden Queen Mine — Kern County, California, USA; metals: Gold, Silver.

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