Andean Precious Metals Corp is a publicly traded gold and silver mining company based in Bolivia.
The explorati4won company’s flagship asset is San Bartolome in Potosi. Andean aims to grow its exploration business through strategic investments in Latin America.
Andean Precious Metals claims to be the only operator of silver oxide plant in Bolivia.
Its flagship project San Bartolome mine comprises of a processing plant that was commissioned in June 2008. The plant’s mill is located near the historic Cerro Rico Silver Mine, which is reportedly the largest silver deposit mine in the world and has been mined since the late 1500s for base and precious metals.
The firm says that nearly 1.6 million tons of ore is processed from the Bartolome plant from three sources of mill feed, namely mine waste reclamation, ore sourcing and Cerro Rico deposits.
COMIBOL is a state-owned mining entity that holds deposits such as old mine stockpiles and mine-wastes. Andean reportedly holds the license to remove and process these.
The plant also receives ore from small scale community miners that cater to local market. The surface deposits are conventionally mined with small excavators and trucks.
Andean is also engaged in an environmental cleanup under a contract with the government entity COMIBOL.
San Bartolome plant conducts community ore processing facility for small-scale local miners. The processing operations at the San Bartolome plant includes pre-processing and washing the ore to remove the Ag-8M fraction.
The plant is operational for 12 years and was commissioned in June 2008 by Coeur at a cost of US$ 180 million.
Andean claims to be the only oxide processing plant in the state.
The firm’s two exploration stage projects include:
• San Pablo Gold: It is 90 kilometers southwest of Potosi and hosts surface grades of 15.95 g/t gold
• Rio Blanco: It shares the same orogenic belt as San Pablo and hosts Ordovician sedimentary Bendigo style mineralization.
The company has its common stocks listed on the TSX Venture Exchange under the ticker symbol ‘APM’.