Andean Precious Metals (TSX: APM) swung to a second quarter net loss of $14.0 million, or $0.09 a share, from net income of $17.4 million a year earlier, after the company chose to sit on roughly half of what it produced rather than sell it. Revenue slipped to $67.6 million from $73.7 million, and adjusted EBITDA fell to $15.7 million from $28.9 million. Andean booked $163.1 million of revenue and $48.2 million of net income in the three months to March. Andean sold 12,314 gold equivalent ounces in the quarter, about 49% of production, deferring the rest for what it called strategic treasury management. The loss also reflected a decline in the fair value of marketable securities, a $3.7 million foreign exchange loss and $9.6 million in income taxes.