Andean Precious Metals Q1 2026 Earnings: Record Revenue and Production Surge

Andean Precious Metals Corp (ANPMF) reported record revenue for the first quarter of 2026, driven by strong production growth at its San Bartolome and Golden Queen operations.

The company posted a 45% year-over-year increase in silver production at San Bartolome, reaching approximately 1.23 million ounces, while gold-equivalent production surged 56% to about 15,847 ounces. At Golden Queen, operating cash costs stood at roughly $1,596 per ounce sold, with all-in sustaining costs of $1,859 per ounce. The average realized gold price was approximately $4,856 per ounce, and silver fetched about $79.49 per ounce. Andean ended the quarter with over $204 million in liquid assets, including $150 million in cash.

For precious metals traders, Andean's results underscore the robust profitability of silver and gold miners amid elevated metal prices. The sharp rise in production and low-cost profile highlight the operational leverage in the sector. NowPrice's real-time gold quotes reflect the current market levels, which remain supportive for producers with strong cost management.

Looking ahead, investors will monitor Andean's ability to sustain production growth and cost control through the remainder of 2026. Key catalysts include further updates on exploration at San Bartolome and the ramp-up at Golden Queen. The company's strong cash position also provides flexibility for potential acquisitions or shareholder returns.