Andean Precious Metals


Primary ticker: TSXV:APM, OTCQX:ANPMF
Stage of development: Production
Primary minerals: Silver, Gold
Project to promote: San Bartolomé
Project location: Bolivia
Coroprate presentation: Click here

Andean Precious Metals is a Canadian, growth-focused silver producer that owns and operates the San Bartolomé project located in the department of Potosí, Bolivia. San Bartolomé has been operating continuously since 2008, producing an average of over five million ounces of silver equivalents per year. The Company is also exploring its wholly owned San Pablo gold project and seeking other accretive opportunities in Bolivia and the wider Americas. Andean Precious Metals is committed to fostering safe, sustainable and responsible operations.

Cash: USD$89M
Debt: NIL

Major shareholders:
Management and Directors – 52%
Eric Sprott – 14%

Management Profile

Alberto Morales- CEO

Alberto Morales is founder of Andean Precious Metals Corp, and has over 30 years of experience specialized in corporate finance, mergers and acquisitions and corporate restructurings. He has also participated individually in other private equity and venture capital projects as co-developer, investor and/or advisor in telecommunications, aviation, tourism, financial services and asset management, mining and alternative energy. He has participated in the planning, formation, development and consolidating stages of various start-up business ventures. He holds a Bachelor of Law from the University of Monterrey and a Masters in Compared Law from the New York University School of Law , and is licenced to practice law in Mexico and the State of New York.

What is your rationale for taking part in 121 Mining Investment?

To broaden the scope of our global investor outreach. We do not need capital as our operations generate positive free cash flow and we have a strong balance sheet with more than US$90 million in cash and marketable securities as of June 30, 2022. The Company’s vision is to be a mid-tier producer and is pursuing both organic growth opportunities as well as an aggressive M&A mandate.

What recent news would you like to highlight to investors attending?

Nov 2, 2022 – Andean Precious Metals Changes Executive Team and Consolidates Main Corporate Functions in Monterrey; Appoints First Lead Independent Director, Grant Angwin

Sep 21, 2022 – Andean Precious Metals Announces Normal Course Issuer Bid

Sep 7, 2022 – Andean Precious Metals Reports Discovery of High Sulfidation and Porphyry Gold System in Bolivia

Aug 11, 2022 – Andean Precious Metals Reports Second Quarter Results and Reaffirms 2022 Guidance.
The Company has a debt-free balance sheet with $88.4 million in cash and $4.0 million in marketable securities as at June 30, 2022. Andean reiterates that it expects fiscal 2022 silver equivalent production to be between 5.3 and 5.8 million ounces at an AISC (by-product) of $17.25 to $18.75 per silver ounce sold.

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

Update the market on tin expansion project

12 Months:
Execute a transformative M&A transaction

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Volatility of silver and gold prices as well as inflationary impact on costs. We are currently looking at opportunities to cut costs at our operation in Bolivia to ensure that we remain profitable through this down cycle in precious metals.

What do you think makes your company such a compelling investment?

Unlike the majority of our peers, Andean is in a very strong financial position, is profitable, and is unencumbered by debt or any dilutive instruments. Andean is extremely well positioned to be an acquirer in difficult market conditions, without the need to dilute our shareholders.

What are the top 3 key investor takeaways?

1. A profitable producing mine in a stable jurisdiction
2. Strong balance sheet with more than US$90M in cash and marketable securities
3. Focus is growth – organic and M&A