Canada's Andean Precious Metals Q1 revenue soars on higher gold, silver prices

Andean Precious Metals

12/05/2026 22:38

Overview

Canada precious metals miner's Q1 revenue rose 163% yr/yr on higher gold and silver prices

Q1 net income more than tripled to $48.2 mln from $14.6 mln last year

Company ended Q1 with $204 mln in liquid assets, up from $76 mln a year ago

Outlook

Company reiterates full-year 2026 production and cost guidance

Company expects sustaining capital to increase and finish the year in line with 2026 CAPEX guidance

Result Drivers

HIGHER PRECIOUS METAL PRICES - Co said record results were driven by significantly higher realized gold and silver prices

INCREASED PRODUCTION - Co reported higher gold equivalent production at both San Bartolome and Golden Queen

MARGIN EXPANSION - San Bartolome saw a step change in margin performance, with CGOM increasing to $36 per ounce and GMR exceeding 45%

Company press release: ID:nNFC9Fxvcv

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$163.1 mln
$169.30 mln (1 Analyst)
Q1 Net Income
$48.2 mln
Q1 Adjusted EBITDA
Miss
$71 mln
$76.50 mln (1 Analyst)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the diversified mining peer group is "buy"

Wall Street's median 12-month price target for Andean Precious Metals Corp is C$14.00, about 95.8% above its May 12 closing price of C$7.15

The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 15 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)