Andes Gold Corporation reported financial results for the year ended December 31, 2013. The company increased profits as a direct result of increased production, more efficient and expanded operations. The increased profit occurred even considering the fact that the average price for an ounce of gold was $250 lower in 2013 than in 2012. The increase in revenue and profits is primarily due to increased yield and efficiency in the operations. Revenue increased from $6,732,311 to $6,775,910. Net profit increased from $1,400,180 last year to $1,690,041 this year. This represents an increase of $289,861 or 20.7% even with the decrease of $250 in the average price of an ounce of gold for 2013. During the year, the company increased the value of the plant and equipment from $3,053,773 to $3,739,261, an increase of 22.4%.

The company projects that revenue and profits will continue to grow in 2014.