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Andean Precious Metals Meets FY2021 Production Guidance
Continued Strong Performance from Flagship San Bartolomé Mine: 5.8 Million Ounces of Silv...
About this update from Andean Precious Metals Corp
[{"type":"text","content":"Andean Precious Metals Meets FY2021 Production GuidanceContinued Strong Performance from Flagship San Bartolomé Mine: 5.8 Million Ounces of Silver Equivalent ProducedToronto, Ontario--(Newsfile Corp. - January 24, 2022) - Andean Precious Metals Corporation (TSXV: APM) (OTCQB: ANPMF) (\"Andean\" or the \"Company\"), a leading Latin American precious metals producer, is pleased to announce that the Company has met its full year 2021 production guidance. The Company expects to release Q4 and full year financial results, including all in sustaining costs in March 2022. 2021 Operating HighlightsProduction of 5.8 million silver equivalent ounces(1);Strong environmental and safety performance approaching three years without a lost time incident; Completed 100% of resource definition drilling at the San Bartolomé fines disposal facility (\"FDF\") and commenced drilling of the 18 million tonnes dry-stack tailings facility (\"DSF\");Advanced the mine life expansion study for San Bartolome including defining mineral resources, metallurgical characteristics and mining methods;Completed 5,730 meters of exploration drilling at San Pablo and Rio Blanco during 2021, and recently completed Titan-24 geophysical study at San Pablo to inform on 2022 drill design;Processing plant throughput increase of 16% to 1.71 million tonnes in 2021, up from 1.48 million tonnes in 2020;\"San Bartolomé performed well across all operating metrics in 2021,\" said Simon Griffiths, President CEO. \"Most importantly, we ended the year with zero lost time incidents and are now approaching the milestone of 1,000 days of operation without an LTI or environmental issue.\"Mr. Griffiths went on to say, \"we believe that 2022 will be a transformative year for Andean as we execute on our plans to expand the life-of-mine at San Bartolomé, ensuring the continuity of our strong baseline of production and cashflow. We are also rapidly evaluating the potential to produce tin as a co-product, providing our shareholders with direct exposure to a commodity trading at all-time highs due to long-term, structural supply issues. When combined with our very strong balance sheet, this positions Andean to be a dynamic consolidator of assets both in and outside of Bolivia.\" Production ResultsCompared to fiscal 2020, lower ore tonnes were mined, primarily from low grade P...