Andean Precious Metals (TSE:APM)
TSX:APM
Earnings Data
Report Date
May 21, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.14Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized significant financial and operational progress in 2025: record revenue, EBITDA and net income, strong free cash flow and a materially strengthened balance sheet with $167M in liquid assets. Operational performance at both San Bartolome and Golden Queen supported these results, and the company provided constructive 2026 guidance, capital plans and strategic catalysts (NYSE listing, technical report). Counterbalancing these positives were execution and timing issues (assay lab delays and a postponed technical report), Q4 cost increases at Golden Queen related to inventory and accelerated CapEx, and short-term market/FX volatility impacting the valuation of marketable securities. Energy price inflation (diesel/fuel) and commodity price swings were noted as upside/downside risks to margins. Overall, the highlights — record financials, cash generation, debt repayment and clear guidance — outweigh the operational and timing challenges, which appear manageable.Company Guidance
Record Financial Results
2025 delivered record revenue, adjusted EBITDA and net income: full year revenue $359 million, adjusted EBITDA $133 million, net income $118 million ($0.78 per share). Fourth quarter revenue was $134 million with adjusted EBITDA of $47 million.
Strong Cash Generation and Liquidity
Free cash flow of $36 million in Q4 and $59 million for the year (annual free cash flow margin ≈ 16.4% of revenue). Ended year with record $167 million in liquid assets (comprised of $79M cash, $38M treasuries/money markets and $49M strategic equity investments), representing ≈ 38.5% of total assets ($434M).
Balance Sheet Strength and Financing Flexibility
Total assets increased to $434 million while total liabilities declined to $170 million (liabilities ≈ 39.2% of assets). Company fully repaid legacy credit facilities and established a new $40 million revolving credit facility to enhance financial flexibility.
Production and Operational Performance
Full year consolidated production was slightly below 100,000 gold equivalent ounces (components: San Bartolome 53,854 GEO; Golden Queen 45,311 GEO; total 99,165 GEO). Q4 production was 27,777 GEO. Both operations contributed meaningfully to results, with San Bartolome delivering consistent throughput and Golden Queen strengthening into Q4.
Unit Cost and Margin Metrics
San Bartolome delivered 4.5 million ounces of silver with a cash gross operating margin of $16.11 per silver ounce and a gross margin ratio of 42.75%. Golden Queen 2025 cash costs were $1,698 per gold ounce and AISC $2,194 per gold ounce. Guidance for 2026 reiterates improved ranges: Golden Queen cash cost $1,500–$1,800/oz and AISC $1,850–$2,150/oz; San Bartolome gross operating margins $20–$35 per silver oz and gross margin ratios 35%–45%.
Clear 2026 Guidance and Capital Plan
2026 consolidated production guidance 100,000–114,000 GEO with production weighted ~45% H1 / 55% H2. 2026 sustaining capital expected $17M–$24M and growth capital $21M–$30M, focused on leach pad expansion, plant optimization and infrastructure to support mine life extensions.
Exploration Activity at Golden Queen
Completed 47 core drill holes in 2025 aimed at expanding known mineralization and supporting mine life extension. Company intends to advance infill drilling in 2026 to convert inferred resources to higher confidence categories.
Strategic Corporate Catalysts
Planned New York Stock Exchange listing and an updated Golden Queen technical report (postponed to include 2025 drilling results) are highlighted as upcoming catalysts for 2026.
TSE:APM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:APM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 25, 2026 | C$6.35 | C$6.50 | +2.36% |
Nov 11, 2025 | C$7.12 | C$7.54 | +5.90% |
Aug 12, 2025 | C$4.42 | C$4.84 | +9.50% |
May 06, 2025 | C$2.01 | C$1.95 | -2.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Andean Precious Metals (TSE:APM) report earnings?
Andean Precious Metals (TSE:APM) is schdueled to report earning on May 21, 2026, Before Open (Confirmed).
What is Andean Precious Metals (TSE:APM) earnings time?
Andean Precious Metals (TSE:APM) earnings time is at May 21, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:APM EPS forecast?
Currently, no data Available