Andean Precious Metals Initiates Automatic Share Purchase Plan

Andean Precious Metals ( (TSE:APM) ) has provided an announcement.

Andean Precious Metals has established an automatic share purchase plan (ASPP) with Desjardins Securities Inc. to facilitate the repurchase of common shares under its normal course issuer bid (NCIB). This plan allows for share repurchases during blackout periods, adhering to TSX rules and Canadian securities laws, and aims to enhance shareholder value. The ASPP’s initiation reflects Andean’s strategic approach to capital management and market positioning, potentially impacting shareholder confidence and market perception.

More about Andean Precious Metals

Andean Precious Metals is a growing producer in the precious metals industry, focusing on expanding into top-tier jurisdictions in the Americas. The company owns and operates the San Bartolomé processing facility in Potosí, Bolivia, and the Soledad Mountain mine in Kern County, California, and is well-funded for future growth opportunities.

YTD Price Performance: 2.50%

Average Trading Volume: 278,031

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$193.2M

For a thorough assessment of APM stock, go to TipRanks’ Stock Analysis page.