Andes Gold Corporation engages in the development and production of gold assets in South America. The company, through its subsidiary, Compania Minera Pl. S.A, holds interest in the Miranda Alto, a gold mining and exploration concession located in the cantons of Zaruma and Portovelo, province of El Oro, southern Ecuador. It also produces silver from the mine. The company was formerly known as Princeton Consulting and Services Corp. and changed its name to Andes Gold Corporation in July 2009. Andes Gold Corporation was incorporated in 2007 and is based in Boca Raton, Florida. As of October 1, 2010, Andes Gold Corporation operates as a subsidiary of New World Gold Corporation.
Andes Gold Corp
Float courtesy OTC
Experts say, it is best to invest in a stock, upon reversal into an uptrend, upon confirmation, after the first major pull back. I couldn't imagine a more perfect example than the AGCZ Weekly chart above !!!!! If people would just buy and hold until the 200 Day Moving Average AGCZ should be able to reach the recent high of 7 cents per share achieved April 2012, as a matter of due course, as the price of gold rises !!!!!
BOCA RATON, FL--(Marketwired - Apr 22, 2014) - Andes Gold Corporation (PINKSHEETS: AGCZ), a gold mining and milling company with operations in Ecuador and Peru, today released its first Quarter results for the three (3) month Period ending March 31, 2014. The Company increased production and profits in the first quarter.
Revenue for the first quarter ended March 31, 2014 was $2,057,541 versus $1,391,923 last year. This is an increase of $665,618 (47.8%). The net profit for the three (3) month period ended March 31, 2014 was $438,409 versus $273,236 last year, an increase of $165,173 (60%). The financial results for the first quarter of 2014 show that the Company is in position to exceed the total revenue of $6,732,311 and net profits of $1,400,180 obtained in 2013.
The Company is continuing to increase revenue and profits through increased production, increased contract milling and use of portable concentrators. The Company projects significant increases in both revenue and profits in 2014. The Company continues to increase the capacity of its operations.
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.
SUMMARY:
5 mills and 4 mines.Gold reserves proven and unproven over 1 million ounces (worth ? $ 650 M or more.Yes, you heard right - $ 650 millions in gold reserves. Book value of stock 0.08 cents according to Yahoo Finances today, right now, without further expansion or any gold price increase. Extremely undervalued. Also consider parent company NWGC has an intristic value of $1.70 and is also enormously undervalued.
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