Canada · Delayed Price · Currency is CAD Andean Precious Metals Earnings Call Transcripts
Fiscal Year 2026
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Deferred sales in Q2 led to lower reported revenue, but subsequent inventory sales generated significant gains to be recognized in Q3. Year-to-date production and financial results are strong, with guidance reaffirmed and major catalysts ahead, including an NYSE listing.
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Record Q1 2026 results with revenue up 163% year-over-year, strong production growth, and robust free cash flow. Guidance for the year is reaffirmed, with increased CapEx expected in later quarters and ongoing exploration and acquisition initiatives.
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The company is pursuing transformational growth through balanced gold and silver operations, robust cash flow, and disciplined capital allocation. Expansion efforts include mine life extension, new aggregate business, and ongoing exploration, supported by a strong balance sheet.
Fiscal Year 2025
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Record 2025 results included $359M revenue, $133M Adjusted EBITDA, and $118M net income, with strong free cash flow and a robust balance sheet. 2026 guidance targets up to 114,000 gold equivalent ounces and continued margin strength, supported by disciplined capital allocation.
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Record Q3 results with revenue of $90.4M, net income of $43.7M, and liquid assets at $121M, driven by strong metal prices and disciplined cost management. San Bartolomé outperformed, offsetting Golden Queen's temporary production dip, with all financial metrics trending within guidance.
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Expanded from a single-asset silver producer in Bolivia to a dual-asset company with the acquisition of Golden Queen Mine in California, driving EBITDA and revenue growth. Focused on cash flow, operational efficiency, and exploration, the company supports local communities and maintains a strong balance sheet for future M&A.
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Record Q2 revenue and EBITDA were achieved, driven by strong metal prices and operational performance. Both San Bartolome and Golden Queen are on track to meet full-year guidance, with production and margins expected to improve in the second half.
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Q1 2025 saw a 44% revenue increase to $62 million, with net income of $14.6 million and strong operating margins. Production and exploration advances at both mines, improved liquidity, and disciplined capital allocation support a positive outlook for the year.
Fiscal Year 2024
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Record revenues and EBITDA were achieved in 2024, driven by Golden Queen integration and strong metal prices. 2025 guidance anticipates stable or slightly higher production, continued operational efficiencies, and disciplined capital allocation, with margins sensitive to metal prices and FX.
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Record Q3 revenue and cash flow were driven by strong gold and silver prices and the integration of Golden Queen. Production guidance is reaffirmed at the lower end, with increased CapEx focused on operational reliability and growth.
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Record Q2 production and revenue driven by Golden Queen integration and FDF plant commissioning. Gross margin and cash position improved, with strong operational performance and reaffirmed guidance for 2024. Focus remains on ramping up FDF, cost control, and M&A opportunities.