Andean Precious Metals Corp.
APM.V
Toronto Stock Exchange Ventures1.29
CAD
+0.09
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Andean Precious Metals Corp.
APM.V
(Toronto Stock Exchange Ventures)
Recent
price
1.29
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Andean Precious Metals Corp. is a Canada-based precious metals producer focused on silver and gold extraction, processing, and commercialization in top-tier jurisdictions across the Americas. Incorporated in 2018 and headquartered in Toronto, Ontario, the company owns and operates the San Bartolomé processing plant in Potosí, Bolivia, which utilizes a material purchase model to process oxide ores into doré bars containing silver and gold, with estimated 2023 production of 4.6 to 4.8 million ounces silver equivalent, supported by 2P reserves of 15.19 million ounces silver at 93 grams per tonne and measured and indicated resources of 19.0 million ounces silver at 98 grams per tonne; and the Soledad Mountain open-pit mine and heap leach operation in Kern County, California, USA, which produces approximately 50,000 ounces gold equivalent annually based on 2019-2022 averages, backed by 2P reserves of 484,675 ounces gold at 0.72 grams per tonne and 6.85 million ounces silver at 10.15 grams per tonne, plus measured and indicated resources of 822,000 ounces gold at 0.62 grams per tonne and 11.24 million ounces silver at 8.37 grams per tonne. Andean engages in property acquisition, exploration, development, mineral extraction, and refining, sourcing ore from its mining rights and third-party suppliers, with operational segments in Bolivia and the USA, and maintains offices in Mexico, Sweden, and additional sites in California and La Paz. Recent developments include the acquisition of Golden Queen Mining in late 2023, enabling a multiphase exploration program at Soledad Mountain with Phase 1 and 2 drilling in 2024 confirming mineral continuity in the Silver Queen Vein, Main Pit areas, and new targets like Hilltop, followed by a 3,800-meter expansion of the 2025 program and secured environmental permits; a 10-year supply agreement with COMIBOL for up to 7.0 million tonnes of oxide ore at San Bartolomé, supporting a 5,000 tonnes per day mill with 5,500 meters of shallow drilling planned in Q4 2025 targeting 800,000 tonnes at 150-250 grams per tonne silver; and a new $40 million credit facility from National Bank of Canada in November 2025 to strengthen its balance sheet, alongside $87.3 million in liquid assets as of June 2025.