Canada's Andean Precious Metals Q2 revenue falls on higher average realized prices for gold and silver

Andean Precious Metals

12/08/2026 01:22

Overview
Canada precious metals producer's Q2 revenue fell yr/yr due to strategic deferral of metal sales
Q2 adjusted EBITDA decreased compared to last year
Company sold deferred inventory for $56.3 mln after quarter-end; revenue to be recognized in Q3

Outlook
Company reiterates full-year 2026 production, cost and margin guidance
Revenue from deferred inventory sale to be recognized in Q3 2026 results
Company expects to announce updated Golden Queen technical report in late September 2026

Result Drivers
SALES DEFERRAL - Co deferred sale of a significant portion of silver and gold production for treasury management, leading to lower Q2 revenue and earnings; related revenue to be recognized in Q3
PRODUCTION MIX - San Bartolome delivered higher silver equivalent production on increased ore volumes, grades and throughput, while Golden Queen output was lower due to mine sequencing and grade timing
HIGHER REALIZED PRICES - Higher average realized prices for gold and silver partially offset lower sales volumes in Q2

Company press release: ID:nNFC6d368M

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Loss
 
$14.01 mln
 
Q2 Adjusted EBITDA
 
$15.66 mln
 

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$13.25, about 76.7% above its August 11 closing price of C$7.50
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 4 three months ago

Reuters Recommended Reads
Aug 11 - Canada's Integra Resources Q2 revenue rises on higher gold prices
Aug 10 - Canada's K92 Mining Q2 profit jumps 116% on mine expansion, infrastructure upgrades
Aug 10 - Canada's Silvercorp flags output hit of up to 50% after China suspension for safety upgrades, clouding profit jump

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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.)