LAS VEGAS, January 29, 2014 /PRNewswire/ --
Amarium Technologies Inc. (OTC: AMMG), through its wholly owned subsidiary Amarium Minerals Inc., recorded Company high net earnings in the 4th quarter ending December 31, 2013, of $578,004 over the 3rd quarter results of $392,034, representing a 47% increase in net revenue from Q3 to Q4.
This is now the Company's second quarterly earnings report to include revenues from the producing La Jovita and San Pedro Copper Mines in the State of Michoacán, Mexico. Amarium achieved combined gross production revenues from the Jovita and San Pedro sites of US$1,109,076 during the 4th quarter. The increase in 4th quarter production revenue is mainly attributable to a full three months of production at the San Pedro Mill and favorable grade, price and throughput variances being achieved at the Jovita Mine.
Adam Carter, the President and CEO of Amarium, said "We are elated with the 4th Quarter results, as they prove Amarium's ability to be a consistent producer period to period and to simultaneously meet increased production targets and improve efficiency. During this 1st quarter of 2014, Amarium expects to make significant strides toward the Jovita Mine's 500 tpd and San Pedro Mill's 200 tpd production goals set for mid-2014.
Amarium is focused on the acquisition and development of base metals projects in Mexico that are currently in or near production and advanced exploration properties that will add substantially to the Company's asset foundation. Management is continuing to actively pursue mineral interests that represent significant growth, value and cash flow opportunities.
For additional information, please visit: http://www.amariumminerals.com
This press release contains statements that are forward-looking and which involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in question are based on Amarium Technologies, Inc.'s current expectations and projections about future events, based on information currently available. The forward-looking statements found in this press release may also include statements relating to Amarium Technologies, Inc.'s anticipated financial performance, business prospects, new developments, strategies, and similar matters. Amarium Technologies, Inc. provides no assurance regarding the actual outcome of the events contemplated by any forward-looking statements included in this release. Amarium Technologies, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
Amarium Technologies Inc.
Investor Relations, 800-983-0814
SOURCE Amarium Technologies Inc.