RY 169.88 -1.0542% SHOP 144.59 -0.959% TD 77.85 -0.1667% ENB 59.62 -0.5505% BN 78.53 -0.971% TRI 223.92 -0.2495% CNQ 47.03 -0.0213% CP 102.49 -0.5627% CNR 147.77 -0.8787% BMO 131.32 -0.0685% BNS 78.4 0.0255% CSU 4463.7002 0.6222% CM 90.42 0.6344% MFC 44.91 -1.3184% ATD 77.0 -0.7604% NGT 60.01 -0.4149% TRP 68.0 -2.2989% SU 56.965 -0.4282% WCN 260.14 -0.653% L 176.45 0.7135%
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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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