ANDEAN PRECIOUS METALS Business Summary

Andean Precious Metals Corp. (TSX: APM) is a mid-tier precious metals producer that generates revenue through the exploration, extraction, and commercialization of silver and gold dore bars. The company’s business model is bifurcated into two primary geographic segments: the Bolivia segment, centered on the San Bartolomé processing facility in Potosí, and the USA segment, which operates the Golden Queen (Soledad Mountain) heap leach mine in California. APM distinguishes itself through a dual-feed strategy at San Bartolomé, processing both its own mineral rights and third-party materials, bolstered by a 2025 agreement with COMIBOL to acquire up to 7 million tonnes of oxide ore. Within the competitive landscape, APM contends with regional peers such as Pan American Silver Corp., Fortuna Mining Corp., and Avino Silver & Gold Mines. Positioned as a high-margin, growth-oriented producer, APM leverages its strong cash position and recent expansion into top-tier jurisdictions to bridge the gap between junior explorers and senior producers. The company is led by Founder, Executive Chairman, and CEO Alberto Morales, a corporate finance and M&A specialist with over 30 years of experience who previously spearheaded the acquisition of the San Bartolomé mine from Coeur Mining. The executive team includes President Yohann Bouchard, a seasoned mining engineer, and CFO Juan Carlos Sandoval, who brings over two decades of investment banking and resource finance expertise from tenures at BNP Paribas and Perseus. Operational leadership is provided by COO Marcos Holanda, while corporate governance is overseen by Lead Independent Director Grant Angwin, former President of Asahi Refining. The company maintains a tight capital structure with significant insider ownership; notably, Morales remains a principal stakeholder through PMB Partners LP, which recently completed a C$95.6 million secondary offering in early 2026 to enhance market liquidity while maintaining strategic alignment with the firm’s long-term value creation goals.