Andean Precious Metals (TSE:APM) Posts Earnings Results

Andean Precious Metals (TSE:APM) announced its quarterly earnings results on Wednesday. The company reported C($0.13) EPS for the quarter, FiscalAI reports. The company had revenue of C$96.10 million during the quarter.

Here are the key takeaways from Andean Precious Metals’ conference call:

• Deferred metal sales generated a significant subsequent-quarter benefit: The company sold its deferred inventory for approximately $56.3 million, or $18.7 million above carrying cost, with the revenue expected in Q3.
• First-half results reached record levels: Year-to-date revenue rose 70% to $230.8 million, Adjusted EBITDA increased to $86.6 million, and net income reached $34.2 million, supported by higher gold and silver prices and 15% production growth.
• Operations were mixed across assets: San Bartolomé increased silver-equivalent production 31% year over year, while Golden Queen production declined because of mine sequencing and grade timing; the company nevertheless maintained its 2026 production, cost, and margin guidance.
• Liquidity and financial flexibility improved: The company ended the quarter with approximately $171 million in liquid assets, reduced its revolving-credit balance to under $15 million, and remained compliant with all debt covenants.
• Reported Q2 results and cash flow were pressured by the sales deferral: Revenue fell 8% year over year to $67.6 million, Adjusted EBITDA declined to $15.7 million, and the company posted a $14 million net loss; quarterly free cash flow was negative $55.5 million due largely to inventory buildup and debt repayment.

Andean Precious Metals Stock Performance

Shares of TSE:APM traded down C$0.67 on Wednesday, reaching C$6.83. The company’s stock had a trading volume of 652,024 shares, compared to its average volume of 506,356. Andean Precious Metals has a 52-week low of C$4.45 and a 52-week high of C$12.55. The company has a market cap of C$1.03 billion, a P/E ratio of 6.83 and a beta of 2.64. The company has a 50-day simple moving average of C$6.01 and a 200 day simple moving average of C$7.24.

About Andean Precious Metals

Andean is a growing precious metals producer focused on expanding into top-tier jurisdictions in the Americas. The Company owns and operates the San Bartolome processing facility in Potosí, Bolivia and the Golden Queen mine in Kern County, California, and is well-funded to act on future growth opportunities. Andean’s leadership team is committed to creating value; fostering safe, sustainable and responsible operations; and achieving our ambition to be a multi-asset, mid-tier precious metals producer.