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Andean Precious Metals Secures Long-Term Ore Supply Agreement with COMIBOL

Story Highlights
  • Andean Precious Metals signs a 10-year deal with COMIBOL for 7 million tonnes of oxide ore.
  • The agreement aims to boost silver production and support local economies in Bolivia.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Andean Precious Metals Secures Long-Term Ore Supply Agreement with COMIBOL

Confident Investing Starts Here:

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

Andean Precious Metals has entered into a long-term agreement with COMIBOL, a Bolivian state-owned mining company, to purchase up to 7 million tonnes of oxide ore. This agreement, effective for ten years, will allow Andean to increase its mineral processing rate and potentially improve its silver production profile without significant capital investment. The collaboration with COMIBOL is expected to support local communities and drive positive economic impact in the Potosi region.

The most recent analyst rating on (TSE:APM) stock is a Buy with a C$1.70 price target. To see the full list of analyst forecasts on Andean Precious Metals stock, see the TSE:APM Stock Forecast page.

Spark’s Take on TSE:APM Stock

According to Spark, TipRanks’ AI Analyst, TSE:APM is a Outperform.

Andean Precious Metals’ overall stock score is driven by strong financial performance and robust earnings call highlights. The company’s valuation is attractive, with a low P/E ratio indicating potential undervaluation. Despite some operational challenges and mixed short-term technical indicators, the positive financial outlook and strategic initiatives contribute to a solid stock score.

To see Spark’s full report on TSE:APM stock, click here.

More about Andean Precious Metals

Andean Precious Metals is a growing precious metals producer focused on expanding into top-tier jurisdictions in the Americas. The company owns and operates the San Bartolome processing facility in Potosí, Bolivia, and the Golden Queen mine in Kern County, California. It is well-funded to pursue future growth opportunities and aims to be a multi-asset, mid-tier precious metals producer.

Average Trading Volume: 173,407

Technical Sentiment Signal: Buy

Current Market Cap: C$311.9M

Find detailed analytics on APM stock on TipRanks’ Stock Analysis page.

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