Andes Gold Corporation Acquires Additional Mill in Ecuador
10 September 2014 - 1:00PM
Business Wire
Andes Gold Corporation ( OTC Pink: AGCZ ), a gold mining and
milling company with operations in Ecuador and Peru has acquired an
additional mill in the Zaruma area. With upgrades to be completed
within 30 days, this mill will have the capacity to produce 40 tons
of ore per day with a head grade of 3.5 grms of gold per ton. This
will produce 140 grms ( 4.5 ozs) of gold per day generating a cash
flow of $140,625 per month. The Company expects that further
upgrades on the mill can be completed over 6 months that will
increase production of the mill to 150 tons of ore per day.
The Company projects that revenue and profits will continue to
grow in 2014. The Company will actively move ahead with the
acquisition of additional reserves, milling capacity and contract
milling.
Andes Gold Corporation trades in the United States on the OTC
Pink under the symbol “AGCZ.” For further information, please
contact the Company at (561) 210 8496 or www.andesgoldmine.com or
investors can find real time quotes and market information for the
Company on www.otcmarkets.com.
NOTE: This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 involving risks and uncertainties. Results, events and
performances could vary from those contemplated. These statements
involve risks and uncertainties which may cause actual results,
expressed or implied, to differ from predicted outcomes. Risks and
uncertainties include but are not limited to product demand, market
competition and Andes's ability to meet current and future plans.
Investors should study and understand all risks before making an
investment decision. Readers are recommended not to place undue
reliance on forward-looking statements or information. Andes Gold
is not obligated to publicly release revisions to any
forward-looking statements, to reflect events or circumstances
afterward or to disclose unanticipated occurrences as required
under applicable laws.
Andes Gold CorporationRobert Talbot,
561-210-8496www.andesgoldmine.com
Andes Gold (CE) (USOTC:AGCZ)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
Andes Gold (CE) (USOTC:AGCZ)
Historical Stock Chart
Von Dez 2023 bis Dez 2024
Echtzeit-Nachrichten über Andes Gold Corp (CE) (OTCMarkets): 0 Nachrichtenartikel
Weitere Andes Gold Corp. (PC) News-Artikel