Andean Precious Metals Corp · TSX:APM
Andean Precious Metals — Q4 2025 Earnings Presentation
16 slides from Andean Precious Metals's earnings presentation, Mar 25, 2026
Slide 1: Q4 and Year-End 2025 Earnings Conference Call and Webcast
Q4 AND YEAR-END 2025 EARNINGS CONFERENCE CALL AND WEBCAST RECORD FINANCIAL PERFORMANCE & STRENGTHENED BALANCE SHEET TSX: APM OTCQX: ANPMF March 25, 2026
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, Executive Chairman & CEO
Alberto Morales Executive Chairman & CEO
Slide 5: 2025 – A Step-Change Year for Andean
2025 – A Step-Change Year for Andean REVENUE - $360 million (Record) ADJUSTED EBITDA - $134 million (Record) NET INCOME - $118 million or $0.78/share (diluted) (Record) FREE CASH FLOW - $59 million LIQUID ASSETS - $167 million RECORD FINANCIAL PERFORMANCE | STRONG FREE CASH FLOW | CLEAN BALANCE SHEE
Slide 6: Yohann Bouchard, President
Yohann Bouchard President
Slide 7: Operational Performance Across Both Assets
Operational Performance Across Both Assets Strong margins at San Bartolome and improving performance at Golden Queen SAN BARTOLOME GOLDEN QUEEN PRODUCTION PRODUCTION • Silver Production – 4.45Moz • Gold Production – 41.6Koz • GEO Production – 53.9Koz • GEO Production – 45.3Koz MARGINS COSTS • CGOM –
Slide 8: Juan Carlos Sandoval, Chief Financial Officer
Juan Carlos Sandoval Chief Financial Officer
Slide 9: Strong Growth Across Key Financial Metrics in 2025
Strong Growth Across Key Financial Metrics in 2025 Revenues Adjusted EBIDTA Net Income $360M $254M $134M $118M $125M $62M $35M $19M $13M 2023 2024 2025 2023 2024 2025 2023 2024 2025 GROWTH DRIVEN BY STRONG PRICING AND OPERATIONAL PERFORMANCE 9
Slide 10: Strong Cash Flow Driving Balance Sheet Strength
Strong Cash Flow Driving Balance Sheet Strength FREE CASH FLOW (FY) REPAID LEGACY DEBT FACILITIES • CommerceWest MSPL loan fully repaid $59M • Santander credit facilities terminated $177M $35M Total ESTABLISHED NEW FLEXIBLE CREDIT Liquidity FACILITY • $40M revolving facility with National Bank • Sup
Slide 11: Yohann Bouchard, President
Yohann Bouchard President
Slide 12: Extending Mine Life & Supporting Long-Term Growth
Extending Mine Life & Supporting Long-Term Growth Focused on extending mine life and enhancing long-term production visibility across both operations GOLDEN QUEEN SAN BARTOLOME • Expanding known mineralization through drilling • Focused on securing additional oxide resources to support long-term pla
Slide 13: Alberto Morales, Executive Chairman & CEO
Alberto Morales Executive Chairman & CEO
Slide 14: 2026 Outlook: Strong Visibility and Cash Flow Generation
2026 Outlook: Strong Visibility and Cash Flow Generation 2026 PRODUCTION: 100K – 114K GOLD EQUIVALENT OUNCES | 45% H1 | 55% H2 GOLDEN QUEEN SAN BARTOLOME CAPITAL PROGRAM • Cash Cost: $1,500 - $1,800/oz • CGOM: $20 - $35/oz • Sustaining: $17M - $24M • AISC: $1,850 - $2,150/oz • GMR: 35%-45% • Growth:
Slide 15: Positioned for the Next Phase of Growth
Positioned for the Next Phase of Growth POSITIONED TO CONTINUE TO SCALE THE BUSINESS AND DELIVER LONG-TERM SHAREHOLDER VALUE Entering 2026 from a position of strength: • Record financial performance and meaningful cash flow generation • Strengthened balance sheet and financial flexibility • Clear pa
Slide 16: Q&A
Q&A
Andean Precious Metals — Q4 2025 Earnings Presentation on 6ix