Andes Gold Corporation to Process Ore Under Contract
2012年6月22日 - 4:57AM
Marketwired
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 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 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 www.andesgoldmine.com
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