Andean Precious Metals acquires Golden Queen Mining

IMAP Canada acted as exclusive financial advisor to Andean Precious Metals Corp. (“Andean”) on the US$66 million acquisition of Golden Queen Mining Company LLC (“Golden Queen”).

Andean is a Bolivian silver producer listed on the Toronto Stock Exchange and Golden Queen is a private company that operates the Soledad Mountain gold and silver mine located in California, about 220km north of Los Angeles. The transaction has several benefits for Andean including increasing their precious metal production capacity, providing geopolitical diversification into a tier one jurisdiction and reducing their reliance on being a one-mine company. Furthermore, the structure of the transaction allows Andean to maintain their strong cash position to pursue other opportunities for future growth.

The team from MPA Morrison Park Advisors, IMAP’s team based in Toronto, comprised of Steve Altmann, Julian Storz and Dalton Austin, acted as exclusive financial advisor to Andean through all phases up to the successful closing. This transaction is another excellent representation of their capability to identify opportunities for its clients and transact on cross-border situations.