Graystone Company Announces Copper Campaign #1 Results
Lima, Peru, June 17, 2014 -- The Graystone Company (OTC: GYST) announced today that the
Company?s copper project in Peru has completed its First campaign with the
following results. The company produced 203 tons of copper ore at a total cost
of $108.37 per ton. The company sold its copper concentrate equaling $184.72
per ton of ore. The company?s copper campaign #1 produced a net profit of
$76.35 per ton or $15,499.05. As per the terms of the joint venture agreement,
the company also recouped its operational costs equaling $21,999.11
?Considering this was our first venture in copper, were pleased to turn a per
ton net profit.? Said Graystone CEO. ?Our goal for campaign #2 is to reduce the
amount of time it takes to produce 200 tons of ore. We have also identified
some key equipment that needs to be replaced to reduce breakdown time, and we
also plan on purchasing essential spare parts to be stored on site. Our
experience of conducting a successful campaign has enabled us to identify areas
we can become more efficient and profitable.?
The company also
announced today that 10-14 days of mine maintenance has already commenced and
we anticipate campaign #2 will start around July 1, 2014.
About
The Graystone Company. The Graystone Company, Inc. is a U.S.-based
mining and exploration company focused on acquiring and developing gold and
other mineral properties. The Company's strategy is to build value for shareholders by the identification, acquisition and
exploration of early-stage properties that show significant potential for the
discovery of gold.
Notice
Regarding Forward-Looking Statements in
this press release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans, expectations or
intentions regarding the future. Actual results could differ from those
projected in any forward-looking statements due to numerous factors. These
forward-looking statements are made as of the date of this news release, and we
assume no obligation to update the forward-looking statements, or to update the
reasons why actual results could differ from those projected in the
forward-looking statements. Although we believe that any beliefs, plans,
expectations and intentions contained in this press release are reasonable,
there can be no assurance that any such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all of the
information set forth herein and should also refer to the risk factors
disclosure outlined in our annual report on Form 10-K for the most recent
fiscal year, our quarterly reports on Form 10-Q and other periodic reports
filed from time-to-time with the Securities and Exchange Commission.