AGCZ $932K 9 MONTH PROFIT// $4.6M REVZZZ Andes Gold

New Post Public Reply Private Reply Replies (0) Message Board
Compensated Post
shakerzzz

[b]AGCZ >>> $932K 9 MONTH PROFIT// $4.6M REVZZZ[/b]

Andes Gold Corporation Releases Nine Month Financial Results With Record Profits


BOCA RATON, FL--(Marketwire - Oct 31, 2012) - Andes Gold Corporation ( PINKSHEETS : AGCZ ), a gold mining company with existing operations in Ecuador and Peru today released its financial results for the nine (9) months ended September 30, 2012. The report was filed and is available on the Pink Sheets.
The financial report for the nine (9) months ended September 30, 2012 shows increased revenues and record profits. The total revenue was $4,622,674 for September 30, 2012 compared to revenue of $3,303,408 for the 9 months ended September 30, 2011. This represents an increase in revenue of $1,319,266 over last year. Net profits for the 9 months ended September 30, 2012 was $932,644 versus $364,882 last year, an increase of $567,762 or 156%. The results for 9 months ended September 30, 2012 exceeded the results for the entire 2011 year. The total revenues for all of 2011 was $4,447,521 versus $4,622,674 for 9 months in 2012. Net profits for the 9 months in 2012 was $932,644 versus $621,294 for all of 2011. The Company expects to increase production in the last quarter which will increase revenue and profits
On the balance sheet, The Company reported assets of $4,592,541 and liabilities including amounts due to related parties of $1,097,106, yielding a 4.2 to 1 asset to debt rate.
The Company is currently having its gold reserves independently assessed and it is expected that the report will show an increase in proven reserves. It has been previously reported that Andes had proven gold reserves of 400,000 ozs of gold. It is also expected that the report will also indicate that the company has significant silver and copper reserves. The Companies mills have been upgraded to be able to process both copper and silver.
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.otcmarket.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 actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and Andes Gold's ability to meet current or 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. Andes Gold is not obligated to publicly release revision to any forward-looking statement, to reflect events or circumstances afterward or to disclose unanticipated occurrences, except as required under applicable laws.
Contact:
Andes Gold Corporation
(561) 210 8496
www.andesgoldmine.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Detroit Pushes Forward with Bold I-75 Urban Cap Plans

Updated Category News Views 4

Detroit's Ambitious Urban Makeover In a move that's as bold as a Motown groove, Detroit is diving headfirst into a massive project to transform the concrete jungle of I-75 into more than just a bustling highway. We're talking about three public green spaces that are set to entirely reshape the landscape and how the city's neighborhoods merge and function. In short, it's...

Continue Reading
Gen Z's Protein Cravings Drive Grocery Innovation

Updated Category News Views 5

Reser's Response to a Protein-Packed Demand Some days it feels like this younger generation is rewriting the food playbook. Gen Z, they’re prioritizing protein as if it’s the new gold, but they’re not exactly jumping on the typical offerings like shakes or yet another grilled chicken breast. This uptick in protein munchers has pushed Reser’s Fine Foods—known for...

Continue Reading
CMCC Global Pioneers Tokenized Funds in El Salvador

Updated Category News Views 2

A Bold Move into Tokenization Tokenization: it's the buzzword that's got folks scratching their heads and bankers keeping an extra bottle of aspirin in their desk drawers. CMCC Global is diving headlong into this brave new world, rolling out two tokenized fund-of-funds right under El Salvador's fresh digital asset rules. Now that's gutsy. The Partners in Innovation...

Continue Reading
Grid Hurdles Stalling Industrial Heat's Future Growth

Updated Category News Views 3

The Grid's the New Ball and Chain Now that we're done fiddling with tech, let's talk grid. The industrial players itching to switch to electric heat have found a new villain: the grid. You'd think with resistance heating, electric boilers, electric arc furnaces, and the whole shebang ready to roll, it’d be a smooth ride. But nope, the bottleneck's the bloodstream...

Continue Reading
Tierra Encantada Expands Into North Carolina Market

Updated Category News Views 2

Tierra Encantada is making its way down to the Tar Heel State, bringing its Spanish Immersion Early Education® program to the thriving community of Raleigh. Talk about catching the right wave at the right time. With a burgeoning demand for quality early education in fast-growing markets, Tierra Encantada's expansion into North Carolina seems like a no-brainer. Raleigh:...

Continue Reading
AceMyNursingExams Debuts Versatile Nursing Prep Platform

Updated Category News Views 4

A Digital Lifeline for Nursing Students Nursing students are buried in responsibilities: lectures, clinical rotations, and sometimes even a job to fund the whole marathon. And just when they think they’ve got it handled, boom, a mountain of exams rises up in front of them. AceMyNursingExams gets this, rolling out an online exam prep platform to keep these future...

Continue Reading
Primis Financial's Q3 2026: Strong Showing Amid Headwinds

Updated Category News Views 1

Primis Financial's Remarkable Quarter Alright, let's talk about Primis Financial Corp. and their Q3 2026 results. Earnings and other financial marks have seen quite the improvement. We're talking profits here that went from $6.8 million in the prior year to $8.7 million this time around. Nothing to sneeze at. Their net income per share climbed up to $0.35 from $0.28,...

Continue Reading
Amynta's Southern States Deal: A Strategic Move?

Updated Category News Views 3

Digging Into Amynta's Latest Acquisition Alright, pull up a stool because Amynta Group just wrapped up a deal that could stir up the insurance pot a little. They snagged Southern States Underwriters, a specialty managing general underwriter focusing on commercial property and casualty insurance for the agribusiness sector. With this acquisition, Amynta doesn't just...

Continue Reading
Sunlife's Q3 2026 Results: Market Awaits Key Insights

Updated Category News Views 2

Sunlife Prepares to Unveil Third Quarter Performance Alright, folks, we're spinning the wheel again and betting on Sun Life Financial's (TSX: SLF) third quarter earnings, taking the spotlight on November 4, 2026. Anyone eyeballing this should circle their calendars, tie their shoelaces, and get prepared. Since they're laying out the details after the markets shut, looks...

Continue Reading
Sivers Semiconductors Shakes Up Auditors and Incentives

Updated Category News Views 3

Rethinking the Auditing Game Well, what do you know? Sivers Semiconductors just gave the boot to Deloitte AB. Looks like they're rolling out the welcome mat for Ernst & Young AB to scrutinize their books instead. The move, coming hot from the Extraordinary General Meeting, shows they're not messing around with their financial oversight. Maybe it's a bid for fresh...

Continue Reading

Top 5 Most Recently Viewed Articles

MDWerks High Valuation on IP Assets Shows Future Potential

Updated Category News Views 84

Valuation of MDWerks’ Intellectual Property Recently, MDWerks, Inc. (OTCQB: MDWK), a trailblazer in sustainable technology, unveiled a remarkable valuation of its intellectual property at an estimated $400 million, provided by a reputable financial advisory firm. This assessment, dated May 31, 2024, serves as a significant metric for the management team as they...

Continue Reading
Theravance Biopharma Insights for Investors at Upcoming Conference

Updated Category News Views 130

Theravance Biopharma Participation at Investment Conference Theravance Biopharma, Inc. (NASDAQ: TBPH) is making headlines as management prepares to showcase their efforts at an upcoming significant investment event. This participation is aimed at engaging with investors and sharing the company’s latest developments and future potentials. CEO Rick Winningham’s Fireside...

Continue Reading
Understanding the Recent Legal Challenges Facing CarMax, Inc.

Updated Category News Views 153

Overview of CarMax, Inc. CarMax, Inc. (NYSE: KMX) is a well-known name in the automotive retail industry, primarily dealing with used cars. The company has built its reputation on providing customers with a broad selection of vehicles, alongside a transparent sales process and exceptional customer service. However, recent developments have raised several questions...

Continue Reading
Driving Forces Behind Growth in Surface Plasmon Resonance

Updated Category News Views 207

Understanding the Surface Plasmon Resonance Market Growth The Surface Plasmon Resonance (SPR) market is on an impressive growth trajectory, with projections indicating a rise from an estimated USD 1,107 million to USD 1,720.3 million by 2032. The expected compound annual growth rate (CAGR) during this period is slated to be around 6.5%. This expansion is a direct...

Continue Reading
Recent Amendments to Tritax Big Box REIT Plc Disclosure Forms

Updated Category News Views 109

Introduction to Disclosure Amendments In the world of finance, transparency and communication are vital components of a company’s relationship with its investors. Recently, significant amendments have been presented in the form of disclosure documents regarding Tritax Big Box REIT Plc, shedding light on important aspects of their operations and shareholder engagements....

Continue Reading