Andean Precious Metals Corp.
APM.TO
Toronto Stock Exchange6.46
CAD
+0.03
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Andean Precious Metals Corp.
APM.TO
(Toronto Stock Exchange)
Recent
price
6.46
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Andean Precious Metals Corp. (TSX: APM) is a precious metals producer focused on silver and gold extraction, processing, and commercialization through owned operations and third-party material purchases in Bolivia and the United States; it owns and operates the San Bartolomé oxide processing plant in Potosí, Bolivia, which processes purchased oxide ore into silver doré bars with estimated 2023 production of 4.6-4.8 million ounces silver equivalent, 2P reserves of 15.19 million ounces silver at 93 g/t, and M&I resources of 19.0 million ounces at 98 g/t, and the Soledad Mountain open-pit heap leach mine in Kern County, California, producing gold equivalent ounces with 2P reserves of 484,675 ounces gold at 0.72 g/t and 6.85 million ounces silver at 10.15 g/t alongside M&I resources of 822,000 ounces gold at 0.62 g/t and 11.24 million ounces silver at 8.37 g/t. Founded in 2018 and headquartered in Toronto, Canada, the company operates as a subsidiary of PMB Partners LP with segments in Bolivia and the USA, targeting precious metals markets through safe, sustainable operations aimed at mid-tier producer status. Recent developments include entering a US$40 million revolving credit facility with National Bank of Canada in November 2025 that reduces to US$30 million after one year at SOFR + 4.25% interest, fully repaying and closing prior facilities with West Main Lending and Banco Sant International to streamline its capital structure; securing exclusive long-term agreements with COMIBOL for up to 7.0 million tonnes of oxide ore including 250,000 tonnes in February 2025 and additional volumes from the Trapiche concession; expanding the 2025 Golden Queen Phase 3 exploration program by 3,800 metres to 8,100 metres following positive results such as 1.94 g/t gold over 4.4 metres at Hilltop, alongside 5,500 metres of shallow drilling at San Bartolomé targeting 800,000 tonnes at 150-250 g/t silver; achieving TSX uplisting approval in January 2025; and appointing key management including a new president and general manager at Golden Queen.