Q2 2025 Andean Precious Metals Corp Earnings Call Transcript
Key Points
- Andean Precious Metals Corp (ANPMF) reported record quarterly revenues of $73.7 million, driven by higher metal prices and steady operational performance.
- Adjusted EBITDA reached $28.9 million, marking the highest in the company's history, with net income doubling year-over-year to $17.4 million.
- The company strengthened its balance sheet by fully repaying all outstanding amounts under its revolving credit facility, ending the quarter with $87.3 million in liquid assets.
- San Bartolome operations delivered solid results with improved margins, benefiting from strong silver prices and favorable foreign exchange rates.
- Golden Queen is on track to meet full-year guidance, with production expected to ramp up in the second half, supported by completed key capital projects.
- Golden Queen experienced lower year-over-year production due to mine sequencing and schedule changes, impacting quarterly results.
- The all-in sustaining cost at Golden Queen was slightly above guidance due to the timing of capital investments.
- Lower leaching recoveries at Golden Queen compared to last year were noted, although improvements are expected in the second half.
- The company anticipates a $6 million tax payment in Q3, which could impact cash flow.
- The plant capacity at San Bartolome is currently underutilized, with efforts ongoing to increase utilization through new agreements.
Good morning and welcome to Andean Precious Metals second quarter 2025 results conference call. As a reminder, all participants are in the listener mode and the conference is being recorded.
(Operator Instructions)
I would now like to turn the conference over to Amanda Malo, Director, Investor Relations. Please go ahead.
Thank you, operator, and good morning everyone. Before we get started, I would like to point out that during today's call, we may make forward-looking statements as defined under the Canadian Securities Law.
I ask that you view our slide presentation for cautionary language regarding forward-looking statements and the risk factors pertaining to these statements. Our press release, MD&A and financial statements are available on both SEDAR Plus and on our corporate website, andeanpm.com.
With us on today's webcast is Alberto Morales, Andean's executive Chairman and CEO, Yohann Bouchard, Andean's President, Juan Carlos
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