Andes Gold Corporation Increases Revenue and Profits
17 November 2014 - 11:00PM
Business Wire
Andes Gold Corporation (OTC Pink: AGCZ) a gold mining and
milling company with existing operations in Ecuador and Peru is
pleased to announce its third quarter financial results for the
period ending September 30, 2014. The Company had revenues of
$6,290,372 for the nine (9) month period ending September 30,2014
versus $4,863,380 last year. This is an increase in revenue of
$1,427,097 or 29.3%.
The Company had a net income of $1,554,100 for the nine (9)
months ending September 30, 2014 versus $1,196,093 last year. This
is an increase in profits of $358,007 or 29.9%.
The profit for the nine (9) months ending September 30,2014 is
$153,920 more than the entire profit for the year ended December
31, 2013. The Company has significantly increased the strength of
its balance sheet over the last year, Assets have increased from
$6,028,668 to $8,865,844. This is an increase of $2,837,176 or
47%.
The Company continues to grow and expand its operations as the
opportunities are presented to the Company. Its milling operations
are expanding through the processing of its own ore and ore from
independent miners without milling operations. The Company will
continue to grow as it focuses its efforts in Ecuador. The average
production capability of the Company's mills is 400 tons per
day.
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 results, expressed
or implied, to differ from predicted outcomes. Risks and
uncertainties include but are not limited to product demand, market
competition and New World Gold'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. New
World 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 law.
Andes Gold CorporationRobert Talbot,
561-210-8496www.andesgoldmine.com
Andes Gold (CE) (USOTC:AGCZ)
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