Andean Precious Metals Corp (OTCPK:ANPM.F) 2025 Conference Transcript

Summary of Andean Precious Metals Corp Conference Call Company Overview - Andean Precious Metals Corp (OTCPK:ANPM.F) is a mining company that transitioned from its predecessor, Coeur Mining, which began operations in Bolivia in 2006 and entered commercial production in 2008. The company acquired the San Bartolomé processing facility in 2018 after Coeur Mining exhausted its reserves [1][2]. Key Financial Metrics - 2023 Performance: - EBITDA: Approximately $10 million - Revenues: $125 million - Liquid Assets: Approximately $70 million - Market Cap: Trading slightly above one times cash [2]. - 2024 Performance: - EBITDA: Grew to $63 million - Revenues: Increased to $245 million - Liquid Assets: Rose to $82 million despite capital expenditures [3]. - 2025 Performance (Half-Year): - EBITDA: $51 million - Revenues: $136 million - Liquid Assets: Increased to $87 million - Market Cap: Exceeded $1 billion Canadian [4]. Operational Highlights - The company expanded operations to the United States by acquiring the Golden Queen Mine in California, which produces over 50,000 ounces of gold annually [2]. - The Golden Queen Mine is undergoing an exploration campaign aimed at extending its life of mine, with a current guidance of 52,000 to 60,000 equivalent gold ounces per year [5][10]. - The San Bartolomé facility has been restructured into a cash flow generating business model, focusing on free cash flow and balance sheet resilience [6][9]. Strategic Initiatives - A contract with Comibol allows the company to purchase ore from various properties in Bolivia, enhancing its operational capacity and extending the life of its mining assets [6][18]. - The company is focused on maintaining strong liquidity and financial resiliency while pursuing organic growth through local contracts and exploration [15]. Community and Environmental Impact - Approximately 97% of the company's employees are from the local community in Potosí, contributing to about 25% of the city's GDP through operational expenditures [13]. - The company is committed to environmental stewardship, including air quality improvements and support for local mining education initiatives [14]. Market Position and Future Outlook - The company has maintained a strong market cap without diluting shareholders, even after the acquisition of the Golden Queen Mine [14]. - The focus remains on cash flow generation, strong liquidity, and a robust balance sheet to facilitate future inorganic growth through M&A activities [15][16]. Additional Insights - The company has implemented disciplined cost management measures and is focused on maximizing recoveries through improved operational efficiencies [5]. - The exploration efforts are expected to yield results that will further extend the life of the Golden Queen Mine, with updates anticipated in Q4 of 2025 [10]. This summary encapsulates the key points from the conference call, highlighting the company's financial performance, operational strategies, community impact, and future outlook.