Andean American Mining Reports First Quarter Financial Results

Andean American Mining Corp. The Board of Directors of Andean American Mining Corp. reports on its Consolidated Interim Financial Statements and Management Discussion and Analysis for the quarter ended June 30, 2008. During the Quarter, the Company strengthened the focus of its resources on the development of the Invicta Project and the progressive exploration at the Sinchao property. At the Santa Rosa mine, there continues to be a lack of support for mining from the Virundo community and so production will continue to diminish. Management has reviewed the carrying value of the Santa Rosa mine and determined that it should be written down to a nil value. read more

Source: Andean American Mining Corp.