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Andean Precious Metals Reports Fourth Quarter and Full Year 2024 Operating and Financial Results
ACHIEVED RECORD REVENUES OF $254 MILLION AND RECORD ADJUSTED EBITDA OF $62.9 MILLION (All amou...
About this update from Andean Precious Metals Corp
[{"type":"text","content":"Andean Precious Metals Reports Fourth Quarter and Full Year 2024 Operating and Financial ResultsACHIEVED RECORD REVENUES OF $254 MILLION AND RECORD ADJUSTED EBITDA OF $62.9 MILLION(All amounts in U.S. dollars unless otherwise indicated)Toronto, Ontario--(Newsfile Corp. - March 18, 2025) - Andean Precious Metals Corp. (TSX: APM) (OTCQX: ANPMF) (\"Andean\" or the \"Company\") is pleased to report its operating highlights and financial results for the year ended December 31, 2024. This news release should be read together with Andean's management discussion and analysis (\"MD&A\") and the annual consolidated financial statements for the three and twelve months ended December 31, 2024 (the \"Financial Statements\"), which are available under the Company's profile on SEDAR+ (www.sedarplus.ca). Alberto Morales, Executive Chairman and CEO, stated: “2024 was a transformative year for Andean Precious Metals. It marked our first full year with Golden Queen in our operating portfolio, and despite operating at close to the lower end of our production range, we achieved record revenues and record adjusted EBITDA, demonstrating the strength of the commodity markets and our operational efficiencies.”Mr. Morales continued: \"We also proudly uplisted to the TSX from the TSX Venture Exchange, which was an important milestone that enhances our market visibility and aligns with our long-term growth strategy. In addition, we renewed our Normal Course Issuer Bid program, reinforcing our confidence in Andean's future growth and our commitment to delivering value to shareholders.\"We kicked off an exploration program at Golden Queen which tested near-mine exploration targets, delivering promising results that could extend the open pit boundaries beyond the current design. Alongside this, we continue to make good progress on key scheduled investments to enhance operational stability and efficiency at Golden Queen. As we closed out 2024, we ended the year with a stronger balance sheet, reflecting solid free cash flow generation since acquiring Golden Queen in 2023 and positioning Andean for its next phase of growth.\"For 2025, we remain committed to value creation at our operating sites, while also pursuing both, organic and inorganic growth initiatives. Our guidance for 2025 is showing a conservative growth forecast in production with ...