Andean Precious Metals Corp

OTCQX International:ANPMFUnited StatesView on Canadian Exchange

Nov 11, 2024

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• Andean Precious Metals Reports Third Quarter 2024 Operating and Financial Results, from 7:05PM ET on Monday Nov 11, 2024 by Dow Jones

  7:05PM ET on Monday Nov 11, 2024 by Dow Jones
  Companies Mentioned: APM
  
  (in thousands of US dollars, unaudited)
  Nine months ended September 30 Notes 2024 2023 ------------------------------------------------------ ----- ------- --------- Net income $ 17,518 $ 464 Adjustments: Depreciation and depletion 7 15,301 3,528 Accretion on provision for reclamation 1,225 998 Share-based compensation 14(b) 705 490 Accretion on deferred payment liability 12(d) 412 - Loss on disposal of equipment 376 - Unrealized derivative gain (4,203) (797) Change in fair value of marketable securities 4 (1,752) 2,128 Reclamation payments (207) (130) Current income taxes expense 7,643 4,410 Deferred income taxes expense (recovery) 2,544 (103) Foreign exchange gain (5) (2,383) ------------------------------------------------------ ----- ------- --------- Operating cashflow before changes in non-cash working capital 39,557 8,605 Changes in non-cash working capital 19(a) (7,806) (9,560) ------------------------------------------------------ ----- ------- --------- Net cash provided (used in) from operating activities 31,751 (955) ------------------------------------------------------ ----- ------- --------- Investing activities Expenditures on property, plant and equipment 7 (15,105) (2,615) Net investment in marketable securities and other investments 4 (32,944) (1,198) ------------------------------------------------------ ----- ------- --------- Net cash used in investing activities (48,049) (3,813) ------------------------------------------------------ ----- ------- --------- Financing activities Shares repurchased for cancellations 14(a) (4,582) (1,660) Drawn down of line of credit 9(c) 15,511 - Payment of debt 9 (1,469) - Proceeds from disposal of marketable securities - 139 ------------------------------------------------------ ----- ------- --------- Net cash provided (used in) from financing activities 9,460 (1,521) ------------------------------------------------------ ----- ------- --------- Effect of exchange rate changes on cash 5 2,383 ------------------------------------------------------ ----- ------- --------- Net decrease in cash during the period (6,833) (3,906) Cash, beginning of year 64,907 80,729 ------------------------------------------------------ ----- ------- --------- Cash, end of the period $ 58,074 $ 76,823 ------------------------------------------------------ ----- ------- ---------
  

• Andean Precious Metals Reports Third Quarter 2024 Operating and Financial Results, from 7:04PM ET on Monday Nov 11, 2024 by Newsfile

  7:04PM ET on Monday Nov 11, 2024 by Newsfile
  Companies Mentioned: ANPMF

  ACHIEVED A RECORD $98.1 MILLION IN CASH AND INVESTMENTS DRIVEN BY
  RECORD $17 MILLION IN FREE CASH FLOW ¹ AND $23.4 MILLION IN OPERATING CASH FLOW

  (All amounts in U.S. dollars unless otherwise indicated)