Q4 2025 Andean Precious Metals Corp Earnings Call Transcript
Key Points
- Andean Precious Metals Corp (ANPMF) achieved record revenue, Adjusted EBITDA, and net income in 2025, alongside strong free cash flow generation.
- The company exited the year with a record $167 million in liquid assets, providing financial flexibility for growth initiatives.
- Operational performance at both San Bartolomé and Golden Queen contributed to strong margins and record financial results.
- The company maintained a balanced production profile with significant contributions from both silver and gold.
- Andean Precious Metals Corp (ANPMF) plans a New York Stock Exchange listing and an updated technical report at Golden Queen, indicating future growth potential.
- Production for the year finished near the low end of guidance, slightly below 100,000 gold equivalent ounces.
- The release of the technical report at Golden Queen has been postponed due to longer-than-expected turnaround times at the assay lab.
- Cash costs at Golden Queen were relatively high at $1,698 per gold ounce, with all-in sustaining costs at $2,194 per gold ounce.
- There is potential impact from global supply chain volatility and high oil prices, which could affect operational costs.
- The company experienced a reduction in the valuation of its equity investments due to market volatility.
Thank you for standing by. At this time, I would like to welcome everyone to the Andean Precious Metals fourth quarter and year-end conference call and webcast. (Operator Instructions) Thank you. I would now like to turn the call over to Amanda Mallough, Director of Investor Relations. You may begin.
Thank you. Good morning, everyone, and thank you for joining Andean Precious Metals conference call to discuss our financial and operating results for the 3 and 12 months ended December 31, 2025. Our press release, MD&A, and financial statements are available on SEDAR+ and on our corporate website at andeanpm.com. Before we begin, I would like to remind listeners that today's discussion will include forward-looking statements. Please refer to our cautionary language in our filing.
Joining me on the call today are Alberto Morales, Executive Chairman and CEO; Yohann Bouchard, our President; Juan Carlos Sandoval, our Chief Financial Officer; and Dom Kizek, our Vice President of
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