Andean Precious Metals Reports Third Quarter 2025 Financial Results

Core Insights - Andean Precious Metals Corp. reported strong financial results for Q3 2025, achieving record revenues, EBITDA, earnings per share, and liquid assets, driven by higher metal prices and disciplined cost management [2][5][10] Financial Highlights - Consolidated revenue reached $90.4 million, up from $68.3 million in Q3 2024, with year-to-date revenue of $226.1 million compared to $181.2 million in the previous year [9][10] - Gross operating income was $36.8 million, significantly higher than $23.7 million in Q3 2024, with year-to-date gross operating income of $89.2 million compared to $35.7 million [9][10] - Record net income of $43.7 million, up from $8.2 million in Q3 2024, with net income per share of $0.29 [11][10] - Adjusted EBITDA reached $36.0 million, compared to $19.6 million in Q3 2024 [11][10] - Liquid assets increased to $121.4 million at the end of Q3 2025, up from $82.6 million [11][10] Operational Performance - Golden Queen produced 10,083 gold equivalent ounces in Q3 2025, with operating cash costs of $1,623 per ounce and all-in sustaining costs of $1,807 per ounce [11][10] - San Bartolome produced 15,606 gold equivalent ounces in Q3 2025, achieving a cash gross operating margin of $16.13 per silver equivalent ounce sold and a gross margin ratio of 43.76% [11][10] - Consolidated CAPEX for the quarter was $0.6 million, reflecting a disciplined investment approach [4][11] Future Outlook - Production at Golden Queen is expected to fall below guidance due to leach-cycle timing, while San Bartolome is performing strongly at the top of its production guidance range [6][10] - The company anticipates solid cost and margin performance, with CAPEX remaining in line with expectations [7][10] Corporate Updates - The company filed a base shelf prospectus on November 10, 2025, qualifying for the issuance of up to $200 million in securities over the next 25 months, enhancing capital market access [10][11] - Peter Gundy stepped down from the board of directors, with appreciation for his contributions [11][10]