Luis da Silva, the Company’s President and CEO stated, “
Fiscal 2020 year was an impressive year for Andean Precious Metals. Our strong cash generation demonstrates the importance of our flagship San Bartolomé operation as a significant primary silver producer even in a volatile price environment and despite the impact of COVID-19 on the operations. We look forward to building on the success of the team during 2021 and beyond, now as a publicly-traded company.”
Revenue for the fourth quarter of 2020 was $55.6 million compared to $23.0 million in the fourth quarter of 2019. Revenue growth was attributable to an increase in silver sales volumes of 60% to 2.0 million ounces in 2020 as well as higher realized prices of $24.99 per ounce of silver in 2020 compared with $18.31 per ounce of silver for the fourth quarter of 2019. Cost of sales, including royalty expenses, remained consistent with the increase in sales volumes and commodity prices, rising from $19.0 million in the fou
Andean Precious Metals Corp.: Andean Precious Metals Issues 2021 Guidance Following Strong Growth in Revenue and Profitability in 2020
Andean or the
Company ), a precious metals production, development and exploration company today reported its operational and financial results for the fourth quarter and year ended December 31, 2020, and issued guidance for fiscal 2021. The Company s common shares began trading on the TSX Venture Exchange as a tier-one issuer on March 29, 2021. All amounts are expressed in U.S. dollars unless indicated otherwise.
FY2020 Highlights
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at an all-in sustaining cost of $14.75 per ounce from the wholly owned 1.65 Mtpa San Bartolomé processing plant.
Sales of 6.0 million silver equivalent ounces
Buckhaven Capital Corp.: Buckhaven Provides Update on its Proposed Qualifying Transaction
Vancouver, British Columbia (Newsfile Corp. - February 12, 2021) - Buckhaven Capital Corp. (TSXV: BKH.P) (
Buckhaven ) is pleased to provide an update to its proposed qualifying transaction (previously announced on August 18, 2020 and November 3, 2020) (the
Transaction ). In furtherance of the Transaction, Buckhaven, 1271860 B.C. Ltd. (
Buckhaven Subco ), 1254688 B.C. Ltd. (
125 ), and Ag-Mining Investments AB (
AG-Mining ) have entered into a master agreement dated October 30, 2020 (the
Business Combination Agreement ), which sets forth the terms and conditions upon which 125 will acquire Buckhaven by way of reverse takeover in accordance with the policies of the TSX Venture Exchange (