Performances and Financial Highlights for the Year Ended December 31, 2013
-- The Company finished the year with $3.906 million in cash.
-- On March 17, 2014, the Company announced that it was commencing the
permitting process to put the Invicta Gold Project in production on a
small-scale basis of approximately 300 tonnes/day;
-- The Company provided an update on January 20, 2014 of its 2014
development and exploration plans for its gold projects;
-- On November 26, 2013, the Company announced that it had entered into a
memorandum of understanding with certain subsidiaries of Hochschild
Mining plc ("Hochschild")) with regards to the execution of a definitive
agreement that will allow the Company to earn-in to a 65% interest in the
Josnitoro Gold Project in Southern Peru (see "Mineral Projects" below for
additional details);
-- The Company announced on October 28, 2013 that it had completed a
conceptual pit analysis and applied the findings to a pit-constrained
resource estimate for the Crucero Gold Project, and that an updated and
amended technical report supporting the Crucero Gold Project resource
estimate had been filed on SEDAR (see www.sedar.com for a complete copy
of the related Technical Report);
http://online.wsj.com/article/PR-CO-20140328-912453.html# -----------
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