First-Half Production up 15% and Second Quarter Production up 4% Year-over-Year; Consolidated Production In-Line with 2026 Guidance

Andean Precious Metals Corp. (TSX: APM) (OTCQX: ANPMF)  is pleased to report its operational results for the second quarter of 2026. The Company will release its second quarter financial results after market close on Tuesday, August 11, 2026.

Alberto Morales, Executive Chairman and CEO, stated, “We delivered another solid quarter, with consolidated production of 25,387 gold equivalent ounces, up 4% year-over-year, bringing first-half consolidated production to 52,730 GEOs, an increase of 15% over the prior-year period and in line with our 2026 guidance. San Bartolome was the clear driver this quarter, with gold equivalent production up 39% year-over-year on higher silver and gold output, once again reflecting the strength of our ore sourcing strategy. At Golden Queen, production was below the prior-year quarter, reflecting mine sequencing and grade timing, and we remain focused on achieving our mine plan in the second half of the year. At the end of Q2 management decided, for treasury management purposes, to defer the sale of finished inventory of approximately 731,939 ounces of silver and 2,585 ounces of gold.

“With a strong first half of 2026 complete and continued strength in gold and silver prices, we remain well positioned to deliver on our full-year objectives. As a reminder, we ended the first quarter with approximately $204.1 million in Liquid Assets³, comprised of $114.5 million in cash and cash equivalents and $89.6 million in marketable securities and other investments, providing significant financial flexibility as we continue to execute on our growth strategy. We expect these balances to increase even further upon the sale of the unsold inventory referenced above. We look forward to reporting our full second quarter financial and operating results on August 11, 2026.”

Q2 2026 Production Summary:

Q2 2026 Operational Results:

About Andean Precious Metals

Andean is a growing precious metals producer focused on expanding into top-tier jurisdictions in the Americas. The Company owns and operates the San Bartolome processing facility in Potosí, Bolivia and the Golden Queen mine in Kern County, California, and is well-funded to act on future growth opportunities. Andean’s leadership team is committed to creating value; fostering safe, sustainable and responsible operations; and achieving our ambition to be a multi-asset, mid-tier precious metals producer.

Qualified Person Statement

The scientific and technical content disclosed in this news release was reviewed and approved by Donald J. Birak, Independent Consulting Geologist to the Company, a Qualified Person as defined by National Instrument 43-101 – Standards for Disclosure for Mineral Projects, Registered Member, Society for Mining, Metallurgy and Exploration (SME), Fellow, Australasian Institute of Mining and Metallurgy (AusIMM).