RY 173.53 0.0461% SHOP 159.5 1.56% TD 76.22 0.8068% ENB 60.09 0.0333% BN 82.79 0.988% TRI 234.13 -0.1706% CNQ 43.47 0.6949% CP 105.63 0.4756% CNR 148.07 0.5637% BMO 139.11 -0.2152% BNS 77.03 -0.0649% CSU 4547.4502 0.8243% CM 92.53 0.2383% MFC 44.05 0.0454% ATD 80.59 0.1989% NGT 54.92 0.1459% TRP 66.54 0.2561% SU 50.61 0.4765% WCN 248.6 1.1885% L 191.07 -0.4325%
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Higher Sales Drive Andean’s (TSXV: APM) Net Earnings Growth in Q2 2024
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Highlights
Andean Precious Metals Corp. (TSXV: APM) has a market cap of CAD 273.33mn. The company is involved in the acquisition, development, exploration, and processing of mineral resource properties, with a primary focus on discovering silver and gold deposits.
In the second quarter of 2024, the company posted significant growth in its financial performance compared to the prior corresponding period (pcp). Sales surged to USD 69.7 million, a remarkable increase of 358.6% from USD 15.2 million, driven by higher production levels and higher realised prices. This sales performance also contributed to an improvement in operating income, which rose to USD 9.7 million, up from a operating loss of USD 1.0 million in Q2 2023.
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