Andean Precious Metals (TSX: APM) kicked off the new year with a jump in output, signaling that its dual-track strategy in Bolivia and California is gaining traction. The company reported a 28% year-over-year increase in production for the first quarter of 2026, with production hitting 27,344 gold equivalent ounces.
Broken out, production totaled 11,989 ounces of gold and 1,305 ounces of silver.
That growth was primarily fueled by the San Bartolome operation in Bolivia. The facility saw a 25% increase in ore grades, which contributed to a 56% boost in equivalent ounces produced compared to the same period last year. Total production from the mine for quarter totaled 15,848 equivalent ounces.
In California, the Golden Queen mine performed according to plan, with production roughly flat relative to 2025 levels. Total production amounted to 11,496 ounces of gold equivalent, as compared to 11,189 ounces in the year ago period.
CEO Alberto Morales noted that the quarterly performance exceeded internal expectations. The timing is particularly favorable for the producer; the production surge coincides with a period of robust gold and silver prices. “The quarter represents a strong start to the year and positions us well for the remainder of 2026. .. With our strong production for the first quarter of 2026, combined with robust gold and silver prices, we expect to have another strong quarterly financial result,” commented Morales.
Full financial results are scheduled to be released on May 12.
Andean Precious Metals last traded at $6.87 on the TSX.
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