Andes Gold Corporation ( OTC Pink: AGCZ ), a gold mining and milling company with operations in Ecuador and Peru has acquired an additional mill in the Zaruma area. With upgrades to be completed within 30 days, this mill will have the capacity to produce 40 tons of ore per day with a head grade of 3.5 grms of gold per ton. This will produce 140 grms ( 4.5 ozs) of gold per day generating a cash flow of $140,625 per month. The Company expects that further upgrades on the mill can be completed over 6 months that will increase production of the mill to 150 tons of ore per day.
The Company projects that revenue and profits will continue to grow in 2014. The Company will actively move ahead with the acquisition of additional reserves, milling capacity and contract milling.
Andes Gold Corporation trades in the United States on the OTC Pink under the symbol “AGCZ.”