On November 24, 2023, Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) finalized the acquisition of Golden Queen Mining Company, LLC for $66 million. This transaction, facilitated through Andean’s subsidiary Soledad Holdings, Inc., included an upfront payment of $5 million in cash, with two deferred $5 million payments, either in cash or common shares, due in 12 and 22 months. Golden Queen operates the Soledad Mountain mine in Kern County, California, which has produced over 340,000 ounces of gold and 3.5 million ounces of silver since 2016.

Andean aims to optimize the mine's operations and explore new mineral resources, enhancing its production capacity and resource base. Legal advice for Andean was provided by Fogler, Rubinoff LLP in Canada and Musick, Peeler & Garrett LLP in the U.S., with financial advisory services from MPA Morrison Park Advisors Inc. The seller, Auvergne Umbrella LLC, was advised by Morgan, Lewis & Bockius LLP and Canaccord Genuity Corp.