Cerro Resources Announces Fiscal 2012 Results, Aims to Cut Costs in 2013

Cerro Grande Mining Corporation (TSX:CEG,OTCQX:CEGMF) announced results for the fiscal year ended September 30,  2012.

As quoted in the press release:

Revenues totalled US $27,445,000 for its fiscal year ended 2012 which includes gold sales of US $22,348,000 (13,575.97 ozs of gold) and copper and silver sales of US $3,201,000 compared to revenues in its fiscal year ended 2011 of US $24,289,000 which included gold sales of US $20,707,000 (14,083.39 ozs of gold) and copper and silver sales of US $3,582,000. The service revenues of US $1,896,000 for the fiscal year ended 2012 related to service changes for drilling services on the Santa Cecilia project against actual expenses of US $1,760,000.

To view the full press release, click here.