Posted On: 03/28/2012 7:32:20 AM
Post# of 51
Recent News
BOCA RATON, FL--(Marketwire -03/25/12)- Andes Gold Corp ( AGCZ ), a gold mining company with existing operations in Ecuador, today discussed the Company's current operations and projected what can be expected in the coming months.
The Company is currently mining its gold concessions located in southern Ecuador. This consists of two mines having proven gold reserves of approximately 395,000 ounces of gold. At today's prices, that represents a value of over $600 million in potential revenue based on an average price per ounce of $1650. The Company's present mining efforts extract and process approximately 50 ounces per day with an immediate goal of increasing that to 100 ounces of gold per day.
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