BOCA RATON, FL -- (Marketwired) -- 08/22/13 -- Andes Gold Corporation (PINKSHEETS: AGCZ), a gold mining and milling company with operations in Ecuador and Peru, projects that it will produce 4700 ozs of gold in the second half of 2013 and sell the gold at an average market price of $1300.00 per oz.
The projections are based on the current processing capacity of its mill and the ore ready to be processed. Revenue in the first half of the fiscal year was $3,006,554 with a net profit of $646,446. The Company continues to increase production as it increases milling capacity. The Company is showing excellent growth and expects this growth to continue through 2013 and 2014.
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.otcmarkets.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's ability to meet current and 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 revisions to any forward-looking statement, to reflect events or circumstances afterward or to disclose unanticipated occurrences except as required under applicable law
Andes Gold Corporation
(561) 210 8496
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