TORONTO, ON – March 27, 2024 – Andean Precious Metals Corp. (“Andean” or the “Company”)
(TSX-V: APM) (OTCQX: ANPMF) reported its operating highlights and financial results for the three and
twelve months ended December 31, 2023. All amounts are expressed in United States dollars, unless
otherwise noted (C$ refers to Canadian dollars).
This news release should be read together with Andean’s management discussion and analysis
(“MD&A”) and audited consolidated financial statements for the three and twelve months ended
December 31, 2023 (the “Financial Statements”), which are available under the Company’s profile on
SEDAR+ (www.sedarplus.ca) and on Andean’s website www.andeanpm.com.
“In just twelve months, we have significantly advanced our growth strategy and taken meaningful steps
to reposition the Company,” said Alberto Morales, Executive Chairman and Chief Executive Officer. “In
2023, San Bartolome? successfully transitioned to an oxide processor focused on increasing cash flow
generation. Last year we acquired Golden Queen, providing geographical diversification and adding a
producing gold and silver mine with expected upside opportunities. With the addition of a second
producing asset, we are poised to substantially increase our gold and silver production, while increasing
our operating cash flow.”
Mr. Morales continued, “While our team achieved significant milestones in 2023, we are just beginning
to reap the rewards of our efforts. At Golden Queen, our focus is on optimizing mine operations,
implementing a new mine plan, driving cost efficiencies, and delivering positive exploration results.
Meanwhile, at San Bartolomé, our goal is to improve operating cash flow following the completion and
commissioning of our FDF processing facility. As we think about 2024, our focus will be on streamlining
and enhancing our operations in Bolivia and the United States while actively seeking additional
acquisitions to sustain and accelerate our growth.”
Q4 2023 and Full Year 2023 Highlights
• Met revised full year 2023 production guidance of between 4.6 and 4.8 Moz AgEq. see & read more on
https://www.andeanpm.com/News/014145#top |
