Andean Precious Metals Corp · TSX:APM
Andean Precious Metals — Q3 2025 Earnings Presentation
14 slides from Andean Precious Metals's earnings presentation, Nov 12, 2025
Slide 1: Building a Mid-Tier Americas-Focused Precious Metals Producer
BUILDING A MID-TIER AMERICAS-FOCUSED PRECIOUS METALS PRODUCER TSX: APM OTCQX: ANPMF Q3 2025 EARNINGS CONFERENCE CALL AND WEBCAST November 12, 2025
Slide 2: Legal Disclaimers
Legal Disclaimers This presentation is informational purposes only and is solely to assist Measures. (iii) cost estimates; interested parties in determining whether to seek additional Use of Market and Industry Data (iv) exploration, development and operating risks; information. This presentation do
Slide 3: Forward-Looking Statements
Forward-Looking Statements Certain statements and information contained in this presentation such forward-looking statements are reasonable, but no assurance development or mining results will not be consistent with 's constitute forward-looking information or forward-looking statements can be given
Slide 4: Alberto Morales
Alberto Morales Executive Chairman & CEO
Slide 5: Q3 2025 Highlights
Q3 2025 Highlights RECORD QUARTERLY REVENUE Revenues Adjusted EBITDA $90.4 million in revenue from sales at an average realized gold $90M $36M price of $3,448/oz and an average realized silver price of $72M $40.09/oz $29M $62M $22M RECORD ADJUSTED EBITDA $36.0 million, and $86.8 million year-to-date
Slide 6: Yohann Bouchard
Yohann Bouchard President
Slide 7: Q3 2025 Operating Highlights – San Bartolome
Q3 2025 Operating Highlights – San Bartolome Operational Performance Q3 2025 Q3 2024 YTD 2025 YTD 2024 Production Profile: Ore purchases 327 220 15,605 Tonnes purchased k dmt 769 628 Average purchase grade Ag g/t 158 194 153 183 12,128 Production 10,172 Ore tonnes milled k dmt 356 315 985 782 Daily
Slide 8: Q3 2025 Operating Highlights – Golden Queen
Q3 2025 Operating Highlights – Golden Queen Operational Performance Q3 2025 Q3 2024 YTD 2025 YTD 2024 Production Profile: Mining Tonnes ore mined k dmt 1,051 690 3,530 2,450 11,189 12,213 Tonnes mined k dmt 4,393 6,021 15,096 11,188 10,083 Strip ratio 3.18 7.73 3.28 3.57 Ore mined grade Au g/t 0.87
Slide 9: Exploration Strategy – Golden Queen
EXPLORATION STRATEGY – GOLDEN QUEEN Exploration Strategy: 2024 • Relatively modest capital investment directed to extending 2025 mineral reserves and testing new near-mine targets • Focused on extending mine life, reducing risk, and unlocking new open-pit opportunities Silver Queen MP2 SE Extension
Slide 10: Juan Carlos Sandoval
Juan Carlos Sandoval Chief Financial Officer
Slide 11: Q3 2025 Balance Sheet & Liquidity Highlights
Q3 2025 Balance Sheet & Liquidity Highlights Q3 2025 ($M) Q3 2024 ($M) YTD 2025 ($M) YTD 2024 ($M) Revenue 90.4 68.3 226.1 181.2 Gross Operating Income 36.8 23.7 89.2 35.7 $121.4M Liquidity Income from Operations 30.8 19.9 74.2 28.1 Net Income 43.7 8.2 75.8 17.5 Adjusted EBITDA 36.0 19.6 86.9 43.4 $
Slide 12: Alberto Morales
Alberto Morales Executive Chairman & CEO
Slide 13: Well-Positioned for Growth and Value Creation
WELL-POSITIONED FOR GROWTH AND VALUE CREATION STRONG FINISH TO 2025 • San Bartolome tracking to the high end of production guidance • Golden Queen production stabilized post-leach cycle EXPLORATION AND GROWTH CATALYSTS • Golden Queen Phase 3 drill results and updated technical report (H1 2026) • San
Slide 14: Q&A
Q&A
Andean Precious Metals — Q3 2025 Earnings Presentation on 6ix