LIMA, Peru, March 25, 2014 /PRNewswire/ -- The Graystone
Company (OTCQB: GYST) announced today that the Company's mining
operations generated approximately 580 grams of gold during the
initial three weeks of March 2014. This represents the best
month of production in the Company's history; nearly, doubling the
previous record. The Company will provide an additional
update on its production number on April
5th representing March's entire production
amounts.
The Company is currently finalizing its annual report and
expects to file it by March 31,
2014. The Company was able to decrease its Net Loss by over
50% and through cost cutting methods able to reduce the 4th
quarter's cash loss to approximately $47,000 for the 4th quarter.
This does not include the increase in revenue (as reported above)
from the Company's mining operations. The Company will
continue to eliminate expenses with the goal of being profitable by
the end of 2014.
About The Graystone Company. The Graystone Company,
Inc. is a U.S.-based mining and exploration company focused on
acquiring and developing gold and other mineral properties. The
Company's strategy is to build value for shareholders by the
identification, acquisition and exploration of early-stage
properties that show significant potential for the discovery of
gold.
Notice Regarding Forward-Looking Statements in this press
release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Actual results
could differ from those projected in any forward-looking statements
due to numerous factors. These forward-looking statements are made
as of the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Although we believe that any beliefs,
plans, expectations and intentions contained in this press release
are reasonable, there can be no assurance that any such beliefs,
plans, expectations or intentions will prove to be accurate.
Investors should consult all of the information set forth herein
and should also refer to the risk factors disclosure outlined in
our annual report on Form 10-K for the most recent fiscal year, our
quarterly reports on Form 10-Q and other periodic reports filed
from time-to-time with the Securities and Exchange Commission.
SOURCE The Graystone Company, Inc.