Andean Precious Metals Corp · TSX:APM
Andean Precious Metals — Investor Presentation (March 2026)
18 slides from Andean Precious Metals's investor presentation, March 2026
Slide 1: Building a Mid-Tier Precious Metals Producer
TSX APM OTCQX ANPMF BUILDING A MID-TIER PRECIOUS METALS PRODUCER Corporate Presentation March 2026
Slide 2: Legal Disclaimers
LEGAL DISCLAIMERS This presentation is informational purposes only and is solely to assist regarding the liquidity position of the Company. The most directly further described in the Company’s Management Discussion and interested parties in determining whether to seek additional comparable measure p
Slide 3: Forward Looking Statements
FORWARD LOOKING STATEMENTS Certain statements and information contained in this presentation set out herein. The Company believes the expectations reflected in development or mining results will not be consistent with the constitute forward-looking information or forward-looking statements such forw
Slide 4: Our History
OUR HISTORY Over nearly a decade, Andean has transformed from a single-asset operation into a diversified precious metals producer with established cash flow, a strong capital markets profile, and a clear strategy for disciplined growth. 2026 Positioned the Company for future growth through strength
Slide 5: Producing Assets in the Americas
PRODUCING ASSETS IN THE AMERICAS GOLDEN QUEEN, CALIFORNIA CANADA CORPORATE HEADQUARTERS SAN BARTOLOME, BOLIVIA Open-Pit Heap-Leach Gold Mine Toronto, Ontario Silver Oxide Processing Facility USA California Mine Type Open Pit Type Material Purchase BOLIVIA Processing Heap Leach Processing Oxide Plant
Slide 6: Well-Positioned for Growth
WELL-POSITIONED FOR GROWTH SAN BARTOLOME, BOLIVIA Proven Cash Flow Balanced Precious Organic Growth with Silver Oxide Processing Facility Generation Metals Exposure Low Technical Risk Supported by contracted and spot • Established operating track record • Diversified production profile • Near-mine e
Slide 7: Capital Structure and Ownership Overview
CAPITAL STRUCTURE AND OWNERSHIP OVERVIEW CAPITAL STRUCTURE SHARE OWNERSHIP Shares Outstanding 37% 47% Strong track record of shareholder 150M INSTITUTIONS INSIDERS alignment: no dilution since (as at December 31, 2025) & RETAIL inception and ~13 million shares repurchased under the NCIB Market Capit
Slide 8: 2026 Outlook | Strong Cash Flow Generation
2026 OUTLOOK | STRONG CASH FLOW GENERATION 2026 Production Strong Margins 100k – 114k Gold Equivalent Ounces Across Both Assets 45% H1 | 55% H2 Golden Queen $1,500 - $1,800/oz $1,850 - $2,150/oz Cash Cost AISC San Bartolome $20 - $35/oz 35%-45% CGOM GMR Capital Program $17M - $24M $21M - $30M Sustai
Slide 9: Golden Queen Mine
OUR OPERATIONS GOLDEN QUEEN MINE A producing asset with a strong Produced more than 400 koz Au margins and 4.1 Moz Ag since start-up in 2016 1,100 hectares in Kern County, Opportunities to create additional California value through mine life extension, mine optimization, ore control and Conventional
Slide 10: Golden Queen Operational Optimization Initiatives
GOLDEN QUEEN OPERATIONAL OPTIMIZATION INITIATIVES Mine Life Extension Throughput Improvements Recovery Optimization • Expanded drilling program targeting • Addition of 3 haul trucks in 2026, • New stacker and agglomeration drum extensions of known mineralization increasing fleet to 12 units installe
Slide 11: Golden Queen Exploration Strategy
OUR OPERATIONS GOLDEN QUEEN EXPLORATION STRATEGY Relatively modest capital investment directed to extending mineral reserves and testing new near-mine targets Focused on extending mine life, reducing risk, Silver Queen SE Extension MP2 and unlocking new open-pit opportunities Hilltop MP3 Key Interce
Slide 12: San Bartolome Processing Facility
OUR OPERATIONS SAN BARTOLOME PROCESSING FACILITY Processing Facility with Produced an average of designed capacity of 5 Moz Ag Eq annually since 2008 1.8 Mt per annum Successfully extended operating life Located in the Eastern of San Bartolome Cordillera of southwest Bolivia near the city of Potosí
Slide 13: San Bartolome Ore Feed Sources
OUR OPERATIONS SAN BARTOLOME ORE FEED SOURCES San Bartolome Supply Model Diversified ore supply • Ore sourced from a diversified network of • Spot purchases allow flexibility to optimize mill model combining long- independent miners in the Potosí district throughput and respond to market opportuniti
Slide 14: San Bartolome Operational Optimization Initiatives
SAN BARTOLOME OPERATIONAL OPTIMIZATION INITIATIVES Ore Supply Expansion Throughput Improvements Recovery Optimization • New ore purchase agreements • Transportation logistics improvements • Automation initiatives underway to implemented in 2025 improve plant performance • Long-term COMIBOL agreement
Slide 15: Extending Mine Life & Supporting Long-Term Growth
EXTENDING MINE LIFE & SUPPORTING LONG-TERM GROWTH Focused on extending mine life and Enhancing Production enhancing long-term production visibility across both operations Visibility and Extending Mine Life without Significant Incremental Capital Golden Queen San Bartolome • Expanding known • Focused
Slide 16: Creating Value for Communities and Economies
CREATING VALUE FOR COMMUNITIES AND ECONOMIES 25% Making a Difference in Local Communities Social License • Our social license to operate in Bolivia allows us to Economic impact of the San • Committed to environmental stewardship through Bartolome asset to the City of improved air quality, reduced wa
Slide 17: Strong Cash Flow Driving Balance Sheet Strength
STRONG CASH FLOW DRIVING BALANCE SHEET STRENGTH Free Cash Flow (FY) National Bank Credit Facility STRONG CASH FLOW $59M ENHANCED LIQUIDITY • $40M facility ($30M drawn) with CLEAN BALANCE SHEET interest at SOFR + 4.25%, maturing $35M November 2027 • Interest is accrued and paid quarterly Repaid Legac
Slide 18: Contact
TSX APM PRECIOUS METALS OICQX ANPMF For more information, please contact: Amanda Mallough Director, Investor Relations T 647 463-7808 www.andeanpm.com E amallough@andeanpm.com
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