Andean Precious Metals Corp. provided production guidance for the Fourth Quarter and for the Full Year 2023. For the year, company is decreasing full year 2023 production guidance to between 4.6 million and 4.8 million silver equivalent ounces. The Company produced 4.7 Moz of silver equivalent in 2023, excluding Golden Queen's production of 0.5 Moz AgEq, or 6,528 oz gold equivalent, from November 24, 2023 to December 31, 2023. Production for the full year 2022 was 5.0 Moz AgEq.

For the Quarter, the company production was 1.2 Moz AgEq from San Bartolomé, excluding Golden Queen's production of 0.5 Moz AgEq, or 6,528 oz AuEq, from the Acquisition Date to December 31, 2023.