There's something else I found. I used to go to the site http://portalweb.sgm.gob.mx to see the mining companies with foreign capital in Mexico. This site used to list Cinco Minas in Exploration phase for Bandera Gold.

This site has been replaced by www.sgm.gob.mx.

If you go to http://www.sgm.gob.mx/directorio/DirInicio.jsp you will see the Mexican mining directory in 2014 last updated on 02/04/2014 - 10:00. This lists all the companies active in Mexico.

Click on Empresa (company) and click on the letter B to list all companies with B. And guess what?

Bandera Gold is not listed as active company in the Mexican Mining Directory therefore not being active in Mexico anymore.