Andean Precious Metals Achieves 28% Q1 Production Growth, Bolstered by 25% Higher Grades
Andean Precious Metals delivered a 28% year-over-year increase in gold equivalent ounce production during the first quarter of 2026, driven by 25% higher ore grades and improved throughput at San Bartolome. The company closed 2025 with $167 million in cash, supporting continued execution of its growth strategy.
1. First Quarter Production Surge
Andean Precious Metals reported a 28% year-over-year increase in gold equivalent ounce production for Q1 2026, led by San Bartolome’s higher throughput and a 25% rise in ore grades compared to Q1 2025. Golden Queen mine output also improved over the prior year period, reflecting solid execution of the mine plan.
2. Strong Balance Sheet and Outlook
The company exited 2025 with approximately $167 million in cash and cash equivalents, providing significant financial flexibility to fund ongoing operations and growth initiatives. Management expects robust Q1 financial results, with full financial and operating metrics to be released on May 12, 2026, followed by a conference call on May 13.
3. Growth Strategy and Assets
Andean Precious Metals operates the San Bartolome processing facility in Potosí, Bolivia, and the Golden Queen mine in California, targeting expansion into top-tier jurisdictions across the Americas. The firm’s strategic focus remains on safe, sustainable operations and advancing towards multi-asset, mid-tier producer status.