Andean Precious Metals Corp · TSX:APM
Andean Precious Metals — Investor Presentation (June 2025)
22 slides from Andean Precious Metals's investor presentation, June 2025
Slide 1: Building a Mid-Tier Precious Metals Producer
APM ANPMF Building a Mid-Tier Precious Metals Producer INVESTOR PRESENTATION JUNE 2025
Slide 2: Legal Disclaimers
Legal Disclaimers This presentation is informational purposes only and is solely to assist equivalents. The Company uses net debt to provide investors with Risk Factors interested parties in determining whether to seek additional transparency regarding the liquidity position of the Company. The The
Slide 3: Forward-Looking Statements
Forward-Looking Statements Certain statements and information contained in this presentation differ materially from those anticipated in forward-looking statements of economic evaluations; results of initial feasibility, pre-feasibility and constitute forward-looking information or forward-looking s
Slide 4: Building a Mid-Tier Producer
Building a Mid-Tier Producer
Slide 5: History of Andean
ANDEAN History of Andean 2018-2020 Under Ag-Mining’s ownership, San Bartolomé expands In November 2023 In June 2008 San Bartolomé its scope to include mining from (i) historical waste stockpiles throughout Bolivia and (ii) ore purchasing from third-party mining cooperatives and private companies thr
Slide 6: Two Producing Assets in the Americas
Two Producing Assets in the Americas TORONTO, CANADA CALIFORNIA, USA Corporate Headquarters Golden Queen 21 Employees1 270 54Koz 2 Employees* AuEq oz POTOSI, BOLIVIA San Bartolomé 210 4.5Moz2 Employees* AgEq oz 1. Incudes all corporate employees 6 2. 2024 actual production (actual)
Slide 7: Investment Rationale 2023/2024: Pursuing Transformational Growth
Investment Rationale 2023/2024: Pursuing Transformational Growth Objective 2023/2024: Improve the company’s risk profile via a responsible M&A deal with little to no dilution to shareholders while always maintaining a strong cash balance. 2023 2024 • Single-asset single-product company • Multi-asset
Slide 8: Golden Queen
Golden Queen California, USA
Slide 9: Golden Queen: A Fully Permitted Producing Asset
Golden Queen: A Fully Permitted Producing Asset U S A Mineral Reserve & Resource Estimate 2024 Actuals (as of September 30, 2023) Production 54,275 Au equivalent ounces 485 koz Au Proven & Probable Reserves (21 Mt grading 0.72 g/t Au) OCC $ 1,501 / oz Au *Connected to the South California Edison ele
Slide 10: Exploration Potential
LEGEND Exploration Potential N Current Topography Project Boundary Reserves Pit Resources Pit Soledad/Starlight SE Extension Target Zone Alphason Target Zone 1 Silver Queen SE Extension Sheeted Vein Target Landon Clay Target • 5 DD holes completed along the vein system PHASE 1 Soledad/Starlight Targ
Slide 11: Drill Results from 2024 Drilling Program
Drill Results from 2024 Drilling Program • Results for initial 5 holes received with values up to 7.06 g/t Au and 43.2 g/t Ag over 1.89 metres and 4.05 Au g/t and 20.9 Ag g/t over 1.95 metres. • Phase 1 shallow RC drilling confirmed the geological interpretation and accuracy of the block model; • Ph
Slide 12: Targeting Near- to Mid-Term Cost Savings
Targeting Near- to Mid-Term Cost Savings • Mining Costs • New mine plan is expected to identify opportunities for cost savings and efficiency improvements. • Purchase of new trucks will reduce overhaul and contract maintenance costs while increasing availability. • Mine Optimization • Optimize the d
Slide 13: San Bartolomé
San Bartolomé Potosi, Bolivia
Slide 14: Bolivia's Largest Oxide Processing Facility
Bolivia’s Largest Oxide Processing Facility Mineral Reserve & Resource Estimate* 2024 Actuals (as of December 1, 2023) Production 4.5M Ag equivalent ounces 11.9 Moz Ag Proven & Probable Reserves (5.1Mt grading 93 g/t Ag) GMR 38.14 % /oz Ag Bolivia 9.15 /oz Ag 19.0 M+I Resources CGOM $ Including 2P R
Slide 15: Opportunities to Expand Oxide Material Purchases
Opportunities to Expand Oxide Material Purchases Feed Material Sourcing 1 Cachi Laguna 2 Mesa de Plata 3 Kollpani 4 Alta Vista 5 Tollojchi Current Suppliers 300 km 200 km 100 km 50 km Colavi Potential Future Suppliers 6 6 8 Exploration 7 Huari Huari San Bartolomé (plant) 8 Negrillos 9 7 9 Paca POTOS
Slide 16: Sustainability: Working Towards International Standards
Sustainability: Working Towards International Standards SOCIAL LICENSE 25% Economic impact of the San Bartolome • Our social license to operate in Bolivia allows us to enhance asset to the City of Potosi Economy the social and economic development of the communities associated with our operations •
Slide 17: Capital Structure & Shareholders
Capital Structure & Shareholders Capital Structure Andean Share Ownership ~$76M ETF 1% Liquid Assets* (as at March 31, 2025) INSTITUTIONS 30% $74M & RETAIL Debt (as at March 31, 2025) ERIC SPROTT 15% 148M Shares Outstanding (as at March 31, 2024) INSIDERS 54% C$270M Market Capitalization (May 13 clo
Slide 18: Q1 2025 Highlights
Q1 2025 Highlights RECORD QUARTERLY REVENUE GROWTH $62.0 million in revenue from sales at an average realized gold price of $2,694/oz and an average realized silver price of $31.91/oz CONSOLIDATED PRODUCTION Produced 21,361 gold equivalent ounces GROSS OPERATING INCOME OF $23.1 MILLION Mainly due to
Slide 19: 2025 Production and Cost Guidance
2025 Production and Cost Guidance Production Guidance The Company’s 2025 annual gold and silver production guidance for Golden Queen and San Bartolome: Gold Production Silver Production Gold Equivalent Production1 (Thousand Ounces) (Million Ounces) (Thousand Ounces) Golden Queen 50.0 – 55.0 0.2 – 0.
Slide 20: 2025 CAPEX Guidance
2025 CAPEX Guidance CAPEX Guidance • Total capital expenditures are expected to be $28.2 The Company’s 2025 capital expenditures guidance: million to $32.0 million due to expected sustaining capital expenditures of $18.3 million to $20.2 million In $ 000's 2025 Guidance and growth capital expenditur
Slide 21: Strong Balance Sheet Provides Foundation for Growth Strategy
Strong Balance Sheet Provides Foundation for Growth Strategy Poised for a Significant Re-Rate Opportunity Positive Performance Strong Liquidity and Balance Sheet Focused on driving future $76M in liquid assets* and cash and profitability from negative net debt* two producing assets Compelling (as at
Slide 22: Building a Mid-Tier Precious Metals Producer
APM ANPMF Building a Mid-Tier Precious Metals Producer For more information, please contact: Amanda Mallough Director, Investor Relations T: 647-463-7808 E: amallough@andeanpm.com
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