Fidelity SPDR Advertisement
Home > Boards > Free Zone > All Fundamentals > ALERTS, CHARTS, & HOT STOCKS

$AGCZAndes Gold Corp. (PINKSHEETS: AGCZ), a gold mining

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
NYC Trader Member Profile
Member Level 
Followed By 1,140
Posts 117,761
Boards Moderated 9
Alias Born 01/25/09
160x600 placeholder
French oil company Total said Chairman and Chief Executive Christophe de Margerie died Monday in a plane crash at a Russian airport. He was 63 years old.
More Top Equities Stories Of The Day
FTSE 100 Climbs As Oil Stocks Advance
ARM Holdings Profit Swings Higher--Update
U.S. Hot Stocks: Hot Stocks to Watch
Verizon Results to Show Competitive Impact -- Earnings Preview
Stifel Financial to Hire Two Former Merrill Lynch Advisers
Market Swoon Bruises Some Hedge Funds--Update 1
Polish Regulator Wants Market Newcomer to Buy GE's Local Bank
U.S. Hot Stocks: Hot Stocks to Watch
NYC Trader Member Level  Friday, 03/30/12 01:24:48 PM
Re: None
Post # of 142995 
$AGCZ
Andes Gold Corp. (PINKSHEETS: AGCZ), a gold mining company with existing operations in Ecuador, Chief Executive Officer, Robert Talbot, today released information about the company's existing gold reserves, the viability criteria used to establish such reserves, and the potential for future expansion.
"We have seen a lot of speculative press announcements and analyst propaganda over the past few years as the price of gold has exploded," Mr. Talbot explained. "Investors need to consider several factors before believing the hype. First, are the reserves proven? For Andes Gold, we don't consider reserves 'proven' until our mining efforts have reached the gold and we've had an assay study done showing us the concentration of gold, its purity, and the extent of the vein. Many companies out there proclaim to have found gold but are, in fact, several years away from reaching that gold, let alone proving the value and extent of the find.

"Second, and just as import, the gold must be economically viable to extract. Again, we've seen claims of massive gold reserves when in reality, the cost to mine and process the gold is greater than its value. An investor should always ask the relevant question: how much gold per ton is being extracted. At Andes Gold, our average is one ounce of gold per ton of aggregate. What this means is that we can extract and process our gold profitably."

Discussing proven reserves, Mr. Talbot added, "Right now we have proven reserves of over 300,000 ounces. This is gold that we have found, tested and are currently mining. In addition, we have located additional reserves on site and have been evaluating these reserves. We expect that, once the evaluation is completed, and the new ore is tested, our proven reserves will increase substantially."

Although I claim to know what I am talking about, All
material posted by this poster (cherrob) is for informational
purposes only and should not be construed as an offer or
solicitation of an offer to Buy or sell a stock.
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist