Andean Precious Metals Reports Strong Q3 Production and Sales Results
News related to:Andean Precious Metals Corp · 3 min read
Andean Precious Metals Corp., a leading precious metals producer in the Americas, reported strong third-quarter production and sales results on October 13, 2026. The company produced 27,262 gold equivalent ounces (GEOs) in the quarter, marking a 6% increase from the same period last year and a 7% rise from the previous quarter. Year-to-date, the company has produced 79,992 GEOs, a 12% improvement over the same period in 2025.
San Bartolome, one of Andean's key operations, produced 16,394 GEOs in the third quarter, contributing to a nine-month total of 49,060 GEOs, a 29% increase from the corresponding period in 2025. The Golden Queen mine, which had seen a rebound in production, generated 10,868 GEOs, a 27% increase from the second quarter and an 8% increase from the same quarter last year.
The company achieved record quarterly sales of 39,178 GEOs, reflecting the sale of all finished inventory deferred at the end of the second quarter, combined with 100% of third-quarter production. These sales figures underscore the company's operational momentum and strong performance across both assets.
During the quarter, Andean Precious Metals was named to the 2026 TSX30, recognizing the company as one of the top-performing companies on the Toronto Stock Exchange. The company will release its full third-quarter financial and operating results on November 10, 2026, and will host an earnings conference call and webcast on November 11, 2026, at 9:00 a.m. Eastern Time. Participants can register for the webcast via the link provided: www.gowebcasting.com/15185. An archived replay will be available for 90 days at: www.gowebcasting.com/15185.
The scientific and technical content disclosed in this news release was reviewed and approved by Donald J. Birak, an Independent Consulting Geologist to the Company, a Qualified Person as defined by National Instrument 43-101, Standards for Disclosure for Mineral Projects, Registered Member, Society for Mining, Metallurgy and Exploration (SME), and Fellow, Australasian Institute of Mining and Metallurgy (AusIMM).
Gold equivalent ounces of silver produced or sold in a given period are computed using a consistent ratio of the silver price to the gold price. In 2025, the Company used a factor of 90. For 2026, the Company is using a factor of 85. Please refer to the Q4 2025 MD&A for additional detail on the 2026 production, cost, and margin guidance.
Forward-looking statements in this release include, but are not limited to, statements and information regarding the Company's anticipated production and operational performance, including expectations regarding full-year 2026 production relative to guidance, the recognition in the Company's third quarter 2026 results of revenue and margin from the sale of the finished inventory that was subject to the Company's strategic sales deferral, the timing of the release of the Company's financial and operating results for the quarter ended September 30, 2026, and expectations regarding future financial or operational results based on current metal prices and operating conditions.
Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to: the Company's ability to carry on exploration and development activities; the Company's ability to execute its strategic initiatives and growth plans; the Company's ability to secure and meet obligations under property and option agreements and other material agreements; that there is no material adverse change affecting the Company or its properties, and that the Company's assets continue to operate consistent with expectations; that contracted parties provide goods and services in a timely manner; that no unusual geological or technical problems occur; that plant and equipment function as anticipated; the availability of labour and key personnel; and that there are no material adverse changes in commodity prices, foreign exchange rates, inflationary pressures (including diesel and energy costs), or general economic conditions.
Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance, or achievements, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation: risks relating to the interpretation of drill results, the geology, grade, and continuity of mineral deposits, and conclusions of economic evaluations; results of initial feasibility, pre-feasibility, and feasibility studies; risks that exploration, development, or mining results will not be consistent with the Company's expectations; risks relating to variations in reserves, resources, grades, planned mining dilution, ore loss, or recovery rates, and changes in project parameters as plans continue to be refined; mining and development risks, including risks related to accidents, equipment breakdowns, labour disputes (including work stoppages and strikes)