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Andean Precious Metals Corp (TSE:APM)
:APM
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 24, 2021
|% Change Since: -5.52%
|Next Earnings Date:May 27, 2021
Earnings Call Sentiment|Positive
The earnings call for Andean Precious Metals reflected a strong financial performance with record revenue and robust cash flow, underpinned by improved production and cost management. However, operational challenges and increased costs at the Golden Queen mine were noted. Despite these challenges, the company's financial health and strategic growth initiatives paint a positive outlook.Company Guidance
During the Q3 2024 earnings call for Andean Precious Metals, the executives outlined several key metrics indicating a strong financial performance. The company reported record consolidated revenue of $68.4 million, driven by an average realized gold price of $2,413 per ounce and silver at $31.40 per ounce. They closed the quarter with $98.1 million in cash, cash equivalents, marketable securities, and short-term investments. Production for the quarter included 29,284 gold equivalent ounces, or 2.3 million silver equivalent ounces, with Golden Queen contributing 14,025 gold equivalent ounces and San Bartolomé 1.2 million silver equivalent ounces. The company generated $17 million in free cash flow and $23.4 million in operating cash flow, with a gross profit of $21.4 million. They reaffirmed their 2024 production guidance, expecting to meet the lower end, while also projecting a reduction in operating cash and all-in sustaining costs per gold ounce sold in Q4 due to increased production and lower CapEx. Additionally, the firm highlighted a $36 million CapEx program, with significant investments in their Golden Queen mine. Health and safety metrics included one lost-time injury at San Bartolomé and a 403-day streak without such injuries at Golden Queen.Record-Breaking Revenue and Growth
For Q3 2024, Andean Precious Metals generated a record consolidated revenue of $68.4 million, a 79% increase over Q3 2023. For the first 9 months of 2024, consolidated revenue reached $181.2 million, a 137% increase year-over-year.
Strong Financial Position and Cash Flow
The company ended Q3 with $98.1 million in cash, cash equivalents, marketable securities, and short-term investments. They generated $17 million in free cash flow this quarter, supported by $23.4 million in operating cash flow.
Increased Production and Improved Recovery
Consolidated Q3 production was 2.3 million silver equivalent ounces, up 1.1 million ounces from Q3 2023. San Bartolomé achieved a recovery rate of 83% in Q3 2024 versus 76% in 2023.
Operational Efficiency and Cost Management
Total cost of sales decreased significantly at San Bartolomé, leading to an improved gross margin ratio of 46.6% and a cash gross operating margin of $12.3 per silver equivalent ounce sold.
Safety Achievements
Golden Queen achieved 403 consecutive days without a lost time injury, demonstrating a strong commitment to workplace safety.
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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
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TSE:APM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | C$1.45 | C$1.33 | -8.28% |
| Aug 13, 2024 | C$0.95 | C$1.05 | +10.53% |
| May 13, 2024 | C$0.91 | C$0.89 | -2.20% |
| Mar 27, 2024 | C$0.84 | C$0.79 | -5.95% |
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.
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FAQ
When does Andean Precious Metals Corp (TSE:APM) report earnings?
Andean Precious Metals Corp (TSE:APM) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Andean Precious Metals Corp (TSE:APM) earnings time?
Andean Precious Metals Corp (TSE:APM) earnings time is at Mar 13, 2025, TBA Not 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
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