Andean Precious Metals Reports Second Quarter 2026 Financial Results

Andean Precious Metals Corp. (TSX: APM) (OTCQX: ANPMF) (" Andean " or the " Company ") is pleased to report its financial results for the three and six months ended June 30, 2026. Alberto Morales, Executive Chairman and CEO stated: "The second quarter was defined by our decision to defer the sale of a significant portion of our production for strategic treasury management purposes. We ended the quarter with finished inventory of approximately 732,000 ounces of silver and 2,585 ounces of gold, carried at a cost of $37.6 million on the balance sheet. As a result, reported revenue and earnings for the quarter do not fully reflect the underlying operating performance of the business. Subsequent to June 30, 2026, we sold the deferred finished inventory at weighted average realized prices of $62.26 per silver ounce and $4,168 per gold ounce, for gross proceeds of approximately $56.3 million. The related revenue will be recognized in the Company's results for the three months ending September 30, 2026. Operationally, San Bartolome delivered another strong quarter, with silver equivalent production up 31% year-over-year on higher ore purchase volumes, grades and throughput, and a CGOM 1 of $25.56 per ounce sold. At Golden Queen, production was lower due to mine sequencing and grade timing, while year-to-date AISC 1 of $1,970 per ounce remains within our 2026 guidance range. Consolidated Q2 production of 25,388 gold equivalent ounces showed an increase of approximately 4% over Q2 2025. YTD 2026 production is 15% above YTD 2025. We reiterate our full-year 2026 production, cost and margin guidance and, even with the elevated price of diesel, we continue to expect to deliver within these ranges, supported by disciplined execution and our focus on free cash flow generation. Bolivia's transition to a flexible exchange-rate regime is indicative of a more market-focused economy, and the continued depreciation of the boliviano against the U.S. dollar, our reporting currency, is currently working in our favour. Importantly, we strengthened our balance sheet by increasing our total assets and our total equity while also reducing our total liabilities reflecting a $15 million prepayment on our revolving credit facility. In addition, we ended the quarter with $170.8 million in Liquid Assets 1 , which includes our finished metal inventory measured at cost. During and subsequent to the quarter, we also advanced key corporate initiatives, including the relaunch of a normal course issuer bid, the election of Stephen Altmann to our Board of Directors, and continued progress toward our listing on the New York Stock Exchange, which we expect to be effective in 2026. We also look forward to the release of the updated technical report at Golden Queen, which we expect to announce in late September 2026 and believe will further enhance the Company's visibility and profile with the global investment community. Together with the appointment of Victor Flores to lead exploration, operations and growth, these steps position the Company well to continue executing on our strategy and delivering long-term value to shareholders." Second Quarter 2026 Highlights: Liquid Assets 1 , ended Q2 2026 with $170.8 million , compared to $90.5 million in Q2 2025. Effective Q2 2026, Liquid Assets includes metal at third-party refineries and doré inventory, measured at cost, which includes the finished inventory subject to the Company's strategic sales deferral. Cash and cash equivalents were $52.2 million as at June 30, 2026 (June 30, 2025: