Northwire Canada EditionMonday, September 21, 2026
Northwire
GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6% GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6%
Production / Operations

Andean Precious Metals Reports Third Quarter Operational Results

APM · Price

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.

Read the original news release →

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