Tuesday, June 12, 2012 8:05:49 PM
From March 25 marketwire
Andes Gold also recently acquired and renovated and modernized a processing mill in the area. In discussing the advantages of having its own mill, Mr. Talbot, the CEO, said, "Operating our own mill saves us having to pay to ship our ore to an outside location and then pay to have it processed. We never have to wait to have our ore processed. With a capacity of 150 tons of ore per day, we can process not only ore from our own mines, but also that of neighboring concessions. We are currently taking in third party ore and processing approximately 20 tons a day. This is a significant additional source of revenue for us as it utilizes surplus capacity at our mill. We expect to bring an additional mill online shortly as demand warrants."
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