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.
Management and Directors – 52%
Eric Sprott – 14%
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.
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.
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