Andean Precious Metals CFO Juan Carlos Sandoval on Growth Plans and Diversification Strategy

Proactive - Interviews for investors

Andean Precious Metals CFO Juan Carlos Sandoval joined Steve Darling from Proactive from our OTC studio in New York City about the company’s recent acquisition of the Golden Queen gold mine in California, which produces 60,000 ounces of gold annually. Sandoval emphasized the mine’s significant exploration potential, with the company investing $20 million in capital expenditures (CapEx) to enhance operations. This investment includes fleet replacements and exploration efforts aimed at improving the mine’s overall output. In addition to expanding operations in California, Sandoval highlighted the company’s strategic decision to diversify beyond Bolivia, where it operates a processing facility handling third-party ore. This move is part of a broader effort to reduce risk and increase focus on the North American market, while still benefiting from Bolivia's robust silver production. "Bolivia has been great for us, but diversifying into the U.S. was necessary for our investors," Sandoval stated. Looking forward, Andean Precious Metals aims to grow by optimizing its current operations and exploring additional resources at Golden Queen. With strong commodity prices, no debt on its balance sheet, and a solid financial position, the company is well-positioned for continued success in the mining sector. #proactiveinvetors #andeanpreciousmetalscorp #tsxv #apm #otcqx #anpmf #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews