Andean Precious Metals Reports Fourth Quarter and Year-End 2025 Financial Results - Yahoo Finance

Fourth quarter earnings from miners like Andean give us real insight into production costs and supply dynamics. With gold pushing $4500, these smaller producers are finally seeing margins that justify expansion. But here's what matters for stackers: lead times on new mine development run 7-10 years minimum. The supply response to these prices won't hit the market until the 2030s. Meanwhile, central banks keep buying and COMEX registered gold sits near multi-year lows. Every ounce these miners pull from the ground faces immediate institutional demand. The math is simple - current production can't keep pace with monetary debasement and geopolitical uncertainty driving demand.