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New Listing: Andean Precious Metals Corp. (TSXV:APM)

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Andean Precious Metals is the 100% owner and operator of the San Bartolomé silver mine and processing operation in Potosi, Bolivia, which has been in production since 2008.

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Company: Andean Precious Metals Corp.
Website: http://www.AndeanPM.com
Stock Symbol: TSXV: APM
Date Published: Mar 29, 2021
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

Andean Precious Metals Corp. is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “APM”, following its qualifying transaction with Capital Pool Company Buckhaven Capital.

Andean Precious Metals is the 100% owner and operator of the San Bartolomé silver mine and processing operation in Potosi, Bolivia, which has been in production since 2008.

The 5,500 tonnes per day oxide plant was built by Coeur Mining for approximately US$188 million and sold to the predecessor company of Andean Precious Metals in 2017.

The San Bartolomé facility processes oxidized ore under mining rights held by a wholly-owned Bolivian subsidiary of Andean at several locations in Bolivia and via contracts with the state owned mining company, COMIBOL, which owns deposits consisting of old mine stockpiles and mine waste.

The plant also receives ore from small scale independent community miners providing a local market.

The company produced 5.9 million ounces of silver in 2020 at an all-in sustaining cost of approximately US$15 per ounce.

All processing takes place at the company's 1.65 million tonnes per year San Bartolomé plant which has the capacity to produce refined silver bars.

Luis da Silva, CEO, stated: "The commencement of trading on the TSX Venture Exchange is a major milestone for Andean Precious Metals, and an important step forward in our journey to become a mid-tier, multi-asset precious metals producer. Our Company is built on a foundation of profitability - driven by our flagship San Bartolomé silver project - and a commitment to safety, environmental stewardship, and accountability to all of our stakeholders."

Alberto Morales, Founder and Executive Chairman, added: "The listing of our Company on the TSX Venture Exchange was a natural step forward after successfully restructuring our operations in Bolivia. Current market conditions have allowed us to build a strong balance sheet, and together with our experienced management team, provide us with a solid foundation on which to grow. I am very excited with the milestones achieved, the team that we have assembled, and the prospects that lie ahead."

The company has a strong balance sheet with US$70 million in cash and metal inventory or CDN$0.57 per share.

The shares are trading at $2.00.

For more information, please visit the company’s website www.AndeanPM.com, contact Luis da Silva, CEO, at +44 7788 640696 or email ir@AndeanPM.com.

Investor Relations is handled by Daniel Weinerman of National Capital Markets, who can be reached at 416-848-1715 or by email at DWeinerman@national.ca.

I’m Megan Edwards for Investmentpitch Media