Andean Precious Metals Reports Second Quarter Operational Results ON Track to Achieve Full-Year Consolidated Production Guidance
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TSX: APM OTCQX: ANPMF
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ANDEAN PRECIOUS METALS REPORTS
SECOND QUARTER OPERATIONAL RESULTS
ON TRACK TO ACHIEVE FULL-YEAR CONSOLIDATED PRODUCTION GUIDANCE
TORONTO, ON – July 17, 2025 – Andean Precious Metals Corp. (“Andean” or the “Company”) (TSX:
APM) (OTCQX: ANPMF) is pleased to report its second quarter operational results for the quarter ended
June 30, 2025. The Company is also providing notice that it will release its second quarter 2025 financial
results after market close on Tuesday, August 12, 2025. The Company will host its second quarter 2025
earnings conference call and webcast on Wednesday, August 13, 2025, at 9:00 am Eastern Time.
Alberto Morales, Executive Chairman and CEO, stated: “Our second quarter gold equivalent production
of 24,341 ounces brings the Company to 45,702 gold equivalent ounces for the first half of the year. As
expected, production improved over Q1, and the Company is trending at the top end of our guidance
considering the weighted production profile of approximately 40% in the first half and 60% in the second
half of the year. We anticipate further ramp-up at both operations in the second half, consistent with our
mine plans. Andean remains well-positioned to deliver on its 2025 production targets.”
(1) Beginning in 2025, gold equivalent ounces of silver produced or sold in a quarter are computed using a
consistent ratio of silver price to the gold price and multiplying this ratio by silver ounces produced or sold during
that quarter. The Company is using a conversion factor of 90 using a price assumption of $2,500 per ounce of
gold and $27.78 per ounce of silver.
(2) Refer to Q1 2025 Production news release dated April 15, 2025 for further disclosure on 40/60 split for the
Company’s 2025 production guidance
OPERATIONAL PERFORMANCE Q2 2025 H1’2025 Guidance Range
(40%)2
Consolidated
Gold ounces produced (Au, oz) 11,945 23,024 20,920 – 22,880
Silver ounces produced (Ag, k-oz) 1,116 2,041 1,840 – 2,160
Gold equivalent ounces produced (Au, oz) 1 24,341 45,702 41,160 – 46,880
Golden Queen
Gold ounces produced (Au, oz) 11,224 21,533 20,200 – 22,000
Silver ounces produced (Ag, k-oz) 89 168 80 – 200
Gold equivalent ounces produced (Au, oz) 1 12,213 23,402 20,880 – 24,240
San Bartolome
Gold ounces produced (Au, oz) 721 1,491 720 – 880
Silver ounces produced (Ag, k-oz) 1,027 1,873 1,760 – 1,960
Gold equivalent ounces produced (Au, oz) 1 12,128 22,300 20,280 – 22,640
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OPERATIONAL RESULTS Q2 2025 Q2 2024
Consolidated
Gold ounces produced (Au, oz) 11,945 15,309
Silver ounces produced (Ag, k-oz) 1,116 1,208
Gold equivalent ounces produced (Au, oz) 1 24,341 30,340
Gold ounces sold (Au, oz) 11,403 15,679
Silver ounces sold (Ag, k-oz) 1,046 1,210
Gold equivalent ounces sold (Au, oz) 1 23,024 30,741
Golden Queen
Gold ounces produced (Au, oz) 11,224 15,035
Silver ounces produced (Ag, k-oz) 89 157
Gold equivalent ounces produced (Au, oz) 1 12,213 16,986
Gold ounces sold (Au, oz) 10,871 15,441
Silver ounces sold (Ag, k-oz) 87 153
Gold equivalent ounces sold (Au, oz) 1 11,842 17,348
San Bartolome
Gold ounces produced (Au, oz) 721 274
Silver ounces produced (Ag, k-oz) 1,027 1,051
Gold equivalent ounces produced (Au, oz) 1 12,128 13,354
Gold ounces sold (Au, oz) 532 238
Silver ounces sold (Ag, k-oz) 958 1,057
Gold equivalent ounces sold (Au, oz) 1 11,182 13,393
(1) Beginning in 2025, gold equivalent ounces of silver produced or sold in a quarter are computed using a
consistent ratio of silver price to the gold price and multiplying this ratio by silver ounces produced or sold during
that quarter. The Company is using a conversion factor of 90 using a price assumption of $2,500 per ounce of
gold and $27.78 per ounce of silver.
Q2 2025 Conference Call and Webcast
● Wednesday, August 13, at 9:00 AM ET
● Participants may listen to the webcast by registering via the following link
https://www.gowebcasting.com/14129
● Participants may also listen to the conference call by calling North American toll free 1-833-821-
0164, or 1-647-846-2305 outside the U.S. or Canada.
● An archived reply of the webcast will be available for 90 days at :
https://www.gowebcasting.com/14129 or the Company website at www.andeanpm.com.
About Andean Precious Metals
Andean is a growing precious metals producer focused on expanding into top-tier jurisdictions in the
Americas. The Company owns and operates the San Bartolomé processing facility in Potosí, Bolivia
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and the Golden Queen mine in Kern County, California, and is well-funded to act on future growth
opportunities. Andean’s leadership team is committed to creating value; fostering safe, sustainable
and responsible operations; and achieving our ambition to be a multi-asset, mid-tier precious metals
producer.
For more information, please contact:
Amanda Mallough
Director, Investor Relations
T: +1 647 463 7808
Caution Regarding Forward-Looking Statements
Certain statements and information in this release constitute “forward- looking statements” within the
meaning of applicable U.S. securities laws and “forward- looking information” within the meaning of
applicable Canadian securities laws, which we refer to collectively as “forward- looking statements”.
Forward-looking statements are statements and information regarding possible events, conditions or
results of operations that are based upon assumptions about future economic conditions and courses
of action. All statements and information other than statements of historical fact may be forward-looking
statements. In some cases, forward- looking statements can be identified by the use of words such as
“seek”, “expect”, “anticipate”, “budget”, “plan”, “estimate”, “continue”, “forecast”, “intend”, “believe”,
“predict”, “potential”, “target”, “may”, “could”, “would”, “might”, “will” and similar words or phrases
(including negative variations) suggesting future outcomes or statements regarding an outlook.
Forward-looking statements in this release include, but are not limited to, statements and information
regarding the Company's production, expectations for 2025 and the Company’s release of its second
quarter 2025 financial results . Such forward- looking statements are based on a number of material
factors and assumptions, including, but not limited to: the Company's ability to carry on exploration and
development activities; the Company's ability to secure and to meet obligations under property and
option agreements and other material agreements; the timely receipt of required approvals and permits;
that there is no material adverse change affecting the Company or its properties; that contracted parties
provide goods or services in a timely manner; that no unusual geological or technical problems occur;
that plant and equipment function as anticipated and that there is no material adverse change in the
price of silver, price of gold, costs associated with production or recovery. Forward -looking statements
involve known and unknown risks, uncertainties and other factors which may cause actual results,
performance or achievements, or industry results, to differ materially from those anticipated in such
forward-looking statements. The Company believes the expectations reflected in such forward- looking
statements are reasonable, but no assurance can be given that these expectations will prove to be
correct, and you are cautioned not to place undue reliance on f orward-looking statements contained
herein.
Some of the risks and other factors which could cause actual results to differ materially from those
expressed in the forward- looking statements contained in this release include, but are not limited to:
risks and uncertainties relating to the interpretati on of drill results, the geology, grade and continuity of
mineral deposits and conclusions of economic evaluations; results of initial feasibility, pre-feasibility and
feasibility studies, and the possibility that future exploration, development or mining results will not be
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consistent with the Company’s expectations; risks relating to possible variations in reserves, resources,
grade, planned mining dilution and ore loss, or recovery rates and changes in project parameters as
plans continue to be refined; mining and development risks, including risks related to accidents,
equipment breakdowns, labour disputes (including work stoppages and strikes) or other unanticipated
difficulties with or interruptions in exploration and development; the potential for delays in exploration or
development activities or the completion of feasibility studies; risks related to the inherent uncertainty of
production and cost estimates and the potential for unexpected costs and expenses; risks related to
commodity price and foreign exchange rate fl uctuations; the uncertainty of profitability based upon the
cyclical nature of the industry in which the Company operates; risks related to failure to obtain adequate
financing on a timely basis and on acceptable terms or delays in obtaining governmental or local
community approvals or in the completion of development or construction activities; risks related to
environmental regulation and liability; political and regulatory risks associated with mining and
exploration; risks related to the uncertain global economic environment; and other factors contained in
the section entitled “Risk Factors” in the Company’s MD&A for the three months ended March 31, 2025.
Although the Company has attempted to identify important factors that could cause actual results or
events to differ materially from those described in the forward- looking statements, you are cautioned
that this list is not exhaustive and there may be other factors that the Company has not identified.
Furthermore, the Company undertakes no obligation to update or revise any forward-looking statements
included in this release if these beliefs, estimates and opinions or other circumstances should change,
except as otherwise required by applicable law.