Company Overview

Andean Precious Metals Corp. is a Canadian-based precious metals company focused on the acquisition, operation, and optimization of silver and gold assets in Latin America. The company operates primarily in the mining industry, with revenue generated through the production and sale of silver, gold, lead, and zinc concentrates. Its core asset base is centered in Bolivia, where it owns and operates the San Bartolomé processing facility and related mining assets. The company trades on the Toronto Stock Exchange under the symbol APM and has positioned itself as a mid-tier producer with a strategy emphasizing operational turnaround opportunities and disciplined capital allocation.

The company evolved from earlier mining and resource investment structures before rebranding to Andean Precious Metals Corp. following the acquisition and development of Bolivian mining operations. A major milestone in its development was the acquisition of the San Bartolomé silver operation from Coeur Mining, Inc., which significantly expanded its operational footprint and established the company as a producing precious metals operator. Andean has emphasized low-cost operational improvements, reserve replacement initiatives, and selective acquisitions in the Americas as part of its long-term strategy.

Business Operations

Andean Precious Metals generates revenue primarily through the production and sale of precious and base metal concentrates from its Bolivian mining and processing operations. Its principal operating unit is the San Bartolomé operation near Potosí, Bolivia, which includes processing infrastructure, tailings retreatment capabilities, and feed sourcing agreements with local mining cooperatives. The company’s operations focus on extracting value from oxide and polymetallic material while leveraging existing infrastructure to optimize processing efficiency and recovery rates.

In addition to its producing assets, the company has pursued exploration and development initiatives designed to extend mine life and diversify production. Operations are concentrated in Bolivia, though the company has evaluated and invested in opportunities elsewhere in the Americas. Andean controls processing facilities, mineral concessions, and associated mining infrastructure critical to its production model. The company has also maintained commercial relationships with local mining cooperatives and concentrate buyers, which are integral to feed supply and product distribution. Public disclosures indicate ongoing evaluation of strategic acquisitions and development-stage assets intended to complement its producing portfolio.

Strategic Position & Investments

Andean Precious Metals has focused its strategic direction on optimizing underperforming or mature mining assets while maintaining financial discipline and operational efficiency. Growth initiatives have included improving recoveries at existing operations, securing long-term feed sources, expanding exploration programs around existing concessions, and evaluating acquisition opportunities in precious metals jurisdictions across the Americas. The company has also highlighted cash flow generation and balance sheet strengthening as central strategic priorities in investor communications and public filings.

A notable strategic transaction was the acquisition of the San Bartolomé mine and processing complex from Coeur Mining, Inc., which transformed Andean into a producing mining company. The company has continued investing in infrastructure upgrades, exploration drilling, and operational enhancements aimed at extending asset longevity and improving margins. Public disclosures also reference interests in additional exploration-stage and development-stage properties, although some project details and long-term development timelines remain subject to evolving technical and market conditions. Data inconclusive based on available public sources regarding the timing and scale of certain future expansion initiatives.

Geographic Footprint

Andean Precious Metals is headquartered in Canada, with primary mining and processing operations located in Bolivia. The company’s principal producing asset is situated near Potosí, one of Bolivia’s historic mining regions, where it maintains operational infrastructure and workforce presence. Bolivia represents the company’s core production jurisdiction and primary source of revenue.

While operationally concentrated in South America, Andean maintains a capital markets presence through the Toronto Stock Exchange and engages with investors across North America and international mining finance markets. The company has also assessed opportunities elsewhere in the Americas as part of its broader growth strategy. Its operational influence remains primarily regional rather than global, though its concentrate sales and investor base connect it to international commodity and capital markets.

Leadership & Governance

Andean Precious Metals is led by an executive team with backgrounds in mining operations, finance, capital markets, and resource development. The company’s governance framework follows Canadian public company standards and is overseen by a board of directors responsible for strategic oversight, capital allocation, and risk management. Corporate communications and filings emphasize operational accountability, disciplined growth, and long-term shareholder value creation as guiding management principles.

Key executives and leadership figures include:

• Alberto Morales – Executive Chairman
• Simon Griffiths – President & Chief Executive Officer
• Rob Ritchie – Chief Financial Officer
• Marc Prefontaine – Chief Operating Officer
• Jeffrey Mason – Corporate Secretary

Management has consistently communicated a strategy centered on operational optimization, prudent acquisitions, and sustainable cash flow generation from precious metals assets in Latin America. Executive leadership has also emphasized maintaining strong local relationships in Bolivia and pursuing technically driven operational improvements across the company’s mining portfolio.