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Andean Precious Metals to Commence Trading on the TSX Venture Exchange
Established and profitable silver producer positioned for growth Toronto, Ontario--(Newsfile ...
About this update from Andean Precious Metals Corp
[{"type":"text","content":"Andean Precious Metals to Commence Trading on the TSX Venture ExchangeEstablished and profitable silver producer positioned for growthToronto, Ontario--(Newsfile Corp. - March 29, 2021) - Andean Precious Metals Corp. (TSXV: APM) (\"Andean\" or the \"Company\"), a precious metals production, development and exploration company headquartered in Toronto, Ontario, is pleased to announce that its common shares will begin trading on the TSX Venture Exchange (the \"Exchange\") as a tier-one issuer under the symbol \"APM\" at market open on March 29, 2021. Further to its news release of March 19, 2021, the Company has completed its previously announced \"Qualifying Transaction\" (as defined by Policy 2.4 of the Exchange).Investment Highlights Include:2020 production of 5.9M silver equivalent ounces at an all-in sustaining cost of approx. $15 USD per ounce1 from its wholly-owned 1.65 Mtpa San Bartolomé processing plantStrong balance sheet and free cashflow generation  $70 million USD in cash and metal inventory or $0.57 CAD per share2$23 million USD in free cashflow, Q4 20203Experienced management team and board of directors with a track record of managing growth-focused, publicly traded companies Extensive portfolio of precious metals exploration and development assets in BoliviaExpanding high margin third-party ore-sourcing business\"The commencement of trading on the TSX Venture Exchange is a major milestone for Andean Precious Metals, and an important step forward in our journey to become a mid-tier, multi-asset precious metals producer,\" said Luis da Silva, Chief Executive Officer of Andean Precious Metals. \"Our Company is built on a foundation of profitability - driven by our flagship San Bartolomé silver project - and a commitment to safety, environmental stewardship, and accountability to all of our stakeholders.\" \"I am excited to work with the team at Andean Precious Metals,\" said Bob Buchan, Independent Director. \"There is a wealth of opportunity in Bolivia, where the Company has a track record of profitability, excellent safety performance and good governance.\" Mr. Buchan continued, \"The combination of organic growth opportunities with the flexibility of a strong balance sheet and cashflow profile put Andean in a unique position for a company of this size.\" ________________________1 Unaudited full year ...