Andean Precious Metals Corporation (OTCMKTS:ANPMF) (TSXV:APM) Stock Falls After FY2021 Production Guidance
Andean Precious Metals Corporation (OTCMKTS:ANPMF) (TSXV:APM) dropped 6% despite the precious metals producer announcing that it met its fiscal 2021 production guidance. The Latin America company will release Q4 and fiscal 2021 results plus sustaining costs in March 2022. Andean produced 5.8 million equivalent ounces of silver.
Market Stats
On Monday, ANPMF stock ended slid 6.16% to $1.50 with more than 2.8k shares, compared to its average volume of 5.9k shares. The stock has moved within a range of $1.4900 – 1.5936 after opening trading at $1.59.
Andean Precious Metals Meets FY2021 Production Guidance
Also, the company reports solid safety and environmental performance with no lost time incidences in the past three years. At the San Bartolomé fines disposal facility (“FDF”), all resource identification drilling has been finished and drilling for the 18M tonnes dry-stack tailings facility has begun. In addition, the company finalized exploration drilling of 5,730 meters at the Rio Blanco and San Pablo. It recently finalized an exploratory geophysical study at San Pablo informing the drill design for 2022.
CEO Simon Griffiths said that San Bartolome did well in 2021 in every operating metric. In addition, Griffiths noted that the company finished 2021 with no lost time incidents, and currently, Andean is approaching almost 1000 days without a lost-time incident or environmental issue. So investors should watch ANPMF.
Key Quote
“San Bartolomé performed well across all operating metrics in 2021,” said Simon Griffiths, President CEO. “Most importantly, we ended the year with zero lost time incidents and are now approaching the milestone of 1,000 days of operation without an LTI or environmental issue.”
