Canada's Andean Precious Metals Q4 revenue jumps on higher output, prices

Andean Precious Metals

25/03/2026 10:10

Overview

Canada-based precious metals producer's Q4 revenue rose sharply yr/yr to record levels

Q4 adjusted EBITDA missed analyst estimates

Company ended 2025 with record liquid assets and repaid credit facilities

Outlook

Company expects 2026 consolidated production of 100K-114K gold equivalent ounces

Golden Queen 2026 cash costs seen at $1,500-$1,800/oz, AISC at $1,850-$2,150/oz

2026 sustaining capex expected at $17 mln-$24 mln, growth capex at $21 mln-$30 mln

Result Drivers

PRECIOUS METALS PRICES - Higher average realized gold and silver prices drove record revenue in Q4, with gold at $4,171/oz and silver at $59.88/oz, both above market averages

PRODUCTION MIX - Balanced production profile with 57% of revenues from silver and 43% from gold enabled the company to capitalize on price appreciation in both metals

HIGHER OUTPUT - Increased gold production at Golden Queen and silver production at San Bartolome contributed to Q4 revenue growth

Company press release: ID:nNFC9FM8GC

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$133.69 mln
$129.40 mln (1 Analyst)
Q4 EPS
$0.28
Q4 Net Income
$42.40 mln
Q4 Adjusted EBITDA
Miss
$46.87 mln
$80.70 mln (2 Analysts)

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 120.5% above its March 24 closing price of C$6.35

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 8 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.)