Andean Precious Metals Corp · TSX:APM
Andean Precious Metals — Investor Presentation (October 2026)
18 slides from Andean Precious Metals's investor presentation, October 2026
Slide 1: Building a Mid-Tier Precious Metals Producer
TSX APM OTCQX ANPMF BUILDING A MID-TIER PRECIOUS METALS PRODUCER CORPORATE PRESENTATION October 2026 TSX:APM | OTCQX:ANPMF
Slide 2: Legal Disclaimers
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 co
Slide 3: Forward Looking Statements
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-l
Slide 4: Our History
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 thro
Slide 5: Producing Assets in the Americas
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
Slide 6: Well-Positioned for Growth
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 produ
Slide 7: Capital Structure and Ownership Overview
CAPITAL STRUCTURE AND OWNERSHIP OVERVIEW CAPITAL STRUCTURE AND OWNERSHIP OVERVIEW CAPITALSTRUCTURE SHARE OWNERSHIP Shares Outstanding 37% 47% Strong track record of shareholder 150M INSIDERS (as at December 31, 2025) INSTITUTIONS alignment: no dilution since & RETAIL inception and ~13M shares repurc
Slide 8: 2026 Outlook | Strong Cash Flow Generation
2026 OUTLOOK | STRONG CASH FLOW GENERATION 2026 OUTLOOK | STRONG CASH FLOW GENERATION 2026 Production Strong Margins 100k – 114k Gold Equivalent Ounces Across Both Assets H1 - 45% | H2 - 55% Golden Queen $1,500 - $1,800/oz $1,850 - $2,150/oz Cash Cost AISC San Bartolome $20 - $35/oz 35%-45% CGOM GMR
Slide 9: Golden Queen Mine
OUR OPERATIONS GOLDEN QUEEN MINE 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 contro
Slide 10: Golden Queen Operational Optimization Initiatives
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 mi
Slide 11: Golden Queen Exploration Strategy
OUR OPERATIONS GOLDEN QUEEN EXPLORATION STRATEGY 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 opp
Slide 12: San Bartolome Processing Facility
OUR OPERATIONS SAN BARTOLOME PROCESSING FACILITY 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 southwes
Slide 13: San Bartolome Ore Feed Sources
OUR OPERATIONS SAN BARTOLOME ORE FEED SOURCES 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 an
Slide 14: San Bartolome Operational Optimization Initiatives
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 • Long-term COMIBOL agre
Slide 15: Extending Mine Life & Supporting Long-Term Growth
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
Slide 16: Creating Value for Communities and Economies
CREATING VALUE FOR COMMUNITIES AND ECONOMIES 25% Making a Difference in Local Communities • Committed to environmental stewardship through Social License • Our social license to operate in Bolivia allows us to Economic impact of the San 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 STRONG CASH FLOW DRIVING BALANCE SHEET STRENGTH STRONG CASH FLOW Free Cash Flow (FY) National Bank Credit Facility $59M ENHANCED LIQUIDITY • $40M facility ($30M drawn) with CLEAN BALANCE SHEET $35M interest at SOFR + 4.25%, maturing November 2027 • Int
Slide 18: For more information, please contact
PRECIOUS METALS For more information, please contact: Brenda Dayton Vice President, Investor Relations T 604.417.7952 E bdayton@andeanpm.com TSX:APM | OTCQX:ANPMF www.andeanpm.com TSX:APM | OTCQX:ANPMF
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