Andean Precious Metals / APM (TSX)

Andean Precious Metals Reports Second Quarter 2025 Financial Results

(All amounts in U.S. dollars unless otherwise indicated)Toronto, Ontario--(Newsfile Corp. - August 12, 2025) - Andean Precious Metals Corp. (TSX: APM)...

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Second Quarter 2025 Highlights:

• Consolidated revenue of $73.7 million from sales at an average realized gold price of $3,316/oz¹ and an average realized silver price of $34.36/oz¹ for Q2 2025 versus consolidated revenue of $69.8 million from sales at an average realized gold price of $2,305/oz and an average realized silver price of $27.80/oz for Q2 2024.
• Consolidated Q2 2025 production of 24,341 gold equivalent ounces.
• Gross operating income of $29.4 million for Q2 2025 versus $11.7 million for Q2 2024, mainly due to higher average realized gold and silver prices and lower operating costs at San Bartolome and Golden Queen.
• Income from operations of $24.5 million for Q2 2025 versus income from operations of $9.8 million for Q2 2024, mainly due to higher gross operating income partially offset by higher exploration and evaluation expenditures.
• Adjusted EBITDA² of $28.9 million for Q2 2025 compared to adjusted EBITDA of $17.2 million for Q2 2024.
• Net income and net income per share of $17.4 million and $0.12 (diluted basis), respectively for Q2 2025, net income and net income per share of $9.4 million and $0.06 (diluted basis) for Q2 2024.
• The Company ended Q2 2025 with $87.3 million in liquid assets as compared to $72.0 million in liquid assets at the end of Q2 2024.
• The Company strengthened its balance sheet with $320.9 million in total assets as compared to $315.1 million in total assets at the end of Q4 2024, and $139.4 million in total liabilities at the end of Q2 2025 as compared to $164.1 million at the end of Q4 2024. The improved financial position is attributed to cash-flow generation (with a portion converted to marketable securities), additions to working capital, and paydown of the Company's revolving credit facilities.
• During Q2 2025, the Company paid down its existing revolving credit facilities to $nil.
• The Company is pleased to favourably update its 2025 San Bartolome financial metrics as well as to reaffirm its 2025 Production, CAPEX, and Golden Queen Guidance.

Golden Queen Results:

• Golden Queen produced 12,213 gold equivalent ounces in Q2 2025 versus 16,986 gold equivalent ounces in Q2 2024.
• Golden Queen OCC¹ of $1,717/oz and AISC¹ of $2,245/oz for Q2 2025 versus OCC of $1,471/oz and AISC of $1,752/oz for Q2 2024.

San Bartolome Results:

• San Bartolome produced 12,128 gold equivalent ounces in Q2 2025 versus 12,795 gold equivalent ounces in Q2 2024.
• Cash Gross Operating Margin ("CGOM")¹ of $13.89 per silver equivalent ounce sold and a Gross Margin Ratio ("GMR")¹ of 45.89% for Q2 2025, versus a CGOM of $5.03 per silver equivalent ounce sold and a GMR of 20.80% for Q2 2024.