Andes Gold Corporation to Process Ore Under Contract
(firmenpresse) - BOCA RATON, FL -- (Marketwire) -- 06/21/12 -- Andes Gold Corporation (PINKSHEETS: AGCZ), a gold mining company with existing operations in Ecuador, is pleased to announce that it has agreed to mill gold for Au International LLC. Au International is purchasing ore from gold mines without milling capacity in Ecuador and will deliver the ore to Andes Mill in Zaruma to be processed. The company will be paid to process the ore as well as receive an 8% royalty on the finished product. The Company expects to process 20 tons of ore per day for Au International LLC.
The Company is completing development work that will increase its proven reserves and increase the production of the mines as it brings its mills up to capacity and brings additional concessions on production. The Company currently has two (2) producing gold mines and a fully operating mill/Smelter with an excellent cashflow. This agreement will allow the Company to reach capacity at its mill sooner than expected.
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 at or investors can find real-time quotes and market information for the company on .
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 Gold Corporation's ability to meet current or 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 statement, to reflect events or circumstances afterward or to disclose unanticipated occurrences, except as required under applicable laws.
Andes Gold Corporation
(561) 210 8496
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Datum: 21.06.2012 - 19:57 Uhr
Sprache: Deutsch
News-ID 158941
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BOCA RATON, FL
Kategorie:
Mining & Metals
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