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Stocktamer
Posted On: 03/27/2012 9:39:18 AM
Post# of 1842
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Posted By: Roger Wilco

About AGCZ +.005

Andes Gold engages in mining and milling gold and silver in Ecuador. The Company is currently producing on concessions located in the cantons of Zaruma and Portovelo, province of El Oro, southern Ecuador. These concessions are producing gold and silver which is being processed in a company owned mill. Andes Gold Mine is a producer. They have already gone through painstaking years ofdrilling, exploring, and acquisitions. AGCZ is mining and producing gold now at a rate of 50 oz per day. The company has gone to great lengths to increase its milling capacity to accommodate more production. Andes Gold Mine has a 5 year head start on most gold exploration stocks that you have traded recently. Most mining stocks you see today don't have producing mines, they typically don't own the property, and they certainly don't have proven reserves. Real producing gold property is expensive to acquire. This is why most of their news is based on the potential and signing of an LOI to acquire, or about acquiring all or part of options. This makes investors nervous because savvy investors realize that these stocks are struggling for any real significant news.


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