Andean Precious Metals Reports Third Quarter Operational Results

Executive Summary

• Consolidated gold‑equivalent production rose to 25,688 oz in Q3 2025, up from 24,341 oz in Q2, driven by a strong increase in silver output at San Bartolomé.
• Record realized prices were achieved in the quarter: $3,448/oz for gold and $40.09/oz for silver, enhancing cash flow and balance‑sheet strength.
• The Company will release its full Q3 2025 financial results after market close on 11 Nov 2025 and host a conference call/webcast on 12 Nov 2025.

Key Details

• Gold‑equivalent production: 25,688 oz in Q3 2025 (up from 24,341 oz in Q2).
• Silver production at San Bartolomé: 1.404 M oz in Q3 2025 (up from 1.092 M oz in Q2).
• Gold production at Golden Queen: 10,083 oz in Q3 2025 (down from 12,213 oz in Q2) due to leach‑cell reconditioning and reduced leaching rates; production expected to rebound in late September–early October.
• Nine‑month cumulative production: Slightly below guidance, but offset by strong silver output.
• Realized price benchmarks: $3,448 per ounce of gold; $40.09 per ounce of silver – both record highs for the company.
• Guidance outlook: Company operating near the lower end of its annual production range; anticipates a solid Q4 2025 supported by continued strength at San Bartolomé and stabilizing performance at Golden Queen.
• Conversion factor note: Gold‑equivalent ounces calculated using a 90× conversion factor (gold price $2,500/oz; silver price $27.78/oz).
• Future financial disclosure schedule: Q3 2025 results to be released after market close on 11 Nov 2025; earnings conference call/webcast scheduled for 12 Nov 2025 at 9:00 am ET (registration link provided).

Notable Quotes

“The Company's consolidated gold equivalent production increased from 24,341 oz in Q2 to 25,688 oz in Q3, driven by a strong increase in silver production at San Bartolome… We expect the Q3 production shortfall to be incremental to our future quarterly production.” – Alberto Morales, Executive Chairman and CEO.