Andean Precious Metals posts Q2 2026 loss, shares drop

Andean Precious Metals Inc. reported a net loss of $12.4 million for the second quarter of 2026, widening from a $7.8 million deficit in the same period last year, the company said in its earnings release.

Revenue declined 18% year-over-year to $41.2 million, driven by lower metal prices and reduced production volumes at its flagship operations in Peru and Chile. Operating costs rose 12% to $53.6 million, primarily due to higher labor and energy expenses.

Chief Executive Officer Maria Vasquez attributed the results to "persistent market headwinds" and said the company is implementing cost-cutting measures, including a 15% reduction in non-essential capital expenditures. "We are prioritizing liquidity preservation while maintaining core exploration activities," Vasquez stated in the earnings call.

The company’s shares fell 4.2% in after-hours trading following the release, extending a 12% decline over the past month. Analysts at Canaccord Genuity maintained a hold rating but trimmed their price target to $3.10 from $3.40, citing "heightened operational risks."

Andean Precious Metals, which trades under the ticker APM on the TSX Venture Exchange, has not provided formal guidance for 2026, though management indicated further cost reductions are likely if market conditions deteriorate.