ANDEAN PRECIOUS METALS

“We are working with Innovasol to develop the use of renewable solar energy at our mining facilities in Bolivia. We’re working in partnership to develop a business model for using solar energy without the need to make an initial investment. The first stage is focused on the implementation in our ancillary facilities,” explained Humberto.

Andean also has a state-of-the-art drystack tailings facility.

“Our tailings management is a key example of how we apply sustainability best practices,” the CEO continued. Additionally, the Company has been focussing on receiving ISO45001 and IS014001 certifications, which are awarded for meeting environmental and health and safety targets, respectively.

“Our staff is fully committed to supporting the business in receiving this accreditation, a testament to their commitment to the business, and also reflective of our internal policy around preservation of life,” said Humberto.

Transformational Growth Plan

Over the course of the next 12-18 months, Andean has its sight firmly set on its strategic transformational growth plan. A combination of factors means that the outlook is particularly strong for Andean. Firstly, it is believed by the business that the current geopolitical climate, and the worldwide monetary policies followed by the central banks around the world will be supportive of the mining sector in the near term.

This is compounded by the data around supply and demand for silver, showing that demand for the metal is currently outweighing supply.

“With this in mind, it’s an interesting time for those looking to invest in our industry, on an asset diversification or allocation basis, and our business is a well-positioned investment,” said Alberto in finishing.

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