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Andean Precious Metals Reports Q4/FY 2023 Results; Meets 2023 Revised Production Guidance
Production is expected to double in 2024 with full year inclusion of Golden Queen Toronto, Ontar...
About this update from Andean Precious Metals Corp
[{"type":"text","content":"Andean Precious Metals Reports Q4/FY 2023 Results; Meets 2023 Revised Production GuidanceProduction is expected to double in 2024 with full year inclusion of Golden QueenToronto, Ontario--(Newsfile Corp. - March 27, 2024) - Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) (\"Andean\" or the \"Company\") reported its operating highlights and financial results for the three and twelve months ended December 31, 2023. All amounts are expressed in United States dollars, unless otherwise noted (C$ refers to Canadian dollars). This news release should be read together with Andean's management discussion and analysis (\"MD&A\") and audited consolidated financial statements for the three and twelve months ended December 31, 2023 (the \"Financial Statements\"), which are available under the Company's profile on SEDAR+ (www.sedarplus.ca) and on Andean's website www.andeanpm.com.\"In just twelve months, we have significantly advanced our growth strategy and taken meaningful steps to reposition the Company,\" said Alberto Morales, Executive Chairman and Chief Executive Officer. \"In 2023, San Bartolomé successfully transitioned to an oxide processor focused on increasing cash flow generation. Last year we acquired Golden Queen, providing geographical diversification and adding a producing gold and silver mine with expected upside opportunities. With the addition of a second producing asset, we are poised to substantially increase our gold and silver production, while increasing our operating cash flow.\" Mr. Morales continued, \"While our team achieved significant milestones in 2023, we are just beginning to reap the rewards of our efforts. At Golden Queen, our focus is on optimizing mine operations, implementing a new mine plan, driving cost efficiencies, and delivering positive exploration results. Meanwhile, at San Bartolomé, our goal is to improve operating cash flow following the completion and commissioning of our FDF processing facility. As we think about 2024, our focus will be on streamlining and enhancing our operations in Bolivia and the United States while actively seeking additional acquisitions to sustain and accelerate our growth.\"Q4 2023 and Full Year 2023 Highlights Met revised full year 2023 production guidance of between 4.6 and 4.8 Moz AgEqThe Company produced 4.7 Moz of silver equivalent (\"AgEq\...