Record Financial Performance
Andean Precious Metals reported record revenue of $90.4 million, adjusted EBITDA of $36.8 million, and net income of $43.7 million, the highest in the company's history.
Strong Free Cash Flow and Liquid Assets
Generated $11.2 million of free cash flow and increased liquid assets to $121 million, up from $82 million a year ago.
Operational Excellence at San Bartolome
San Bartolome delivered strong performance with 1.4 million silver ounces produced and a gross margin ratio of 43.8%.
Exploration Success and Expansion
Extended Phase 3 exploration program at Golden Queen and secured exploration permits at San Bartolome, aiming to extend mine life and add new resources.
Strong Balance Sheet and Financial Flexibility
Total assets grew to $370.8 million, liabilities decreased to $145.2 million, and a base shelf prospectus was filed for up to $200 million of securities.