Graystone Company Announces November, 2014 Production Results and Corporate Update

 
LAS VEGAS - Jan. 10, 2015 - PRLog -- December 7, 2014 -- The Graystone Company (OTC Pinks-Current: GYST) announced today that the Company’s operations generated approximately 761 grams of gold during the month of November, 2014.

Peru Copper Update:

Campaign # 3 was completed on November 24, 2014 with the following results:

The company processed 207 tons of copper/gold ore at a gross cost of $127.80 per ton.

Grupo Mineral Inca, SAC sold the copper concentrate equaling $188.00 per ton of raw ore.

The company also announced today that on December 20, 2014 all company-mining operations will break for the Christmas holidays. Operations will restart on or about January 10, 2015. Since employees live at the mining camps full time throughout the year, this is their chance to spend time with their families. The company anticipates reduced production for the month of December 2014 and possible also during the month of January 2015.

The Peruvian government has announced that they are considering changing their ore transportation permits sometime around March, 2015 in an effort to enforce their new laws regarding Illegal or “informal mining.” The companies law firm is currently unsure how the changes in the law and permit requirements will effect Legal or “Formal Miners” such as Grupo Mineral Inca, SAC. The company will comply with any and all changes in the Mining laws of Peru.

Copper ore bulk purchase program: Should copper prices fall below the $2.90 mark for a sustainable amount of time, the company may be forced to temporarily suspend its copper production until prices stabilize. The reason for this is the increased transportation costs associated with hauling greater amounts of ore to achieve targeted payouts. Falling copper prices could present greater profit opportunities on the bulk purchase side of the business because small miners will have greater stockpiles of bulk ore for sale, which could lead to larger discounts in the future.

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 for the most recent fiscal year, our quarterly reports and other periodic reports filed from time-to-time with the Securities and Exchange Commission and or otcmarkets.com

This press release may also contain or refer to forward-looking information under SEC securities legislation and may include statements regarding the estimation of mineral resources, exploration results, potential mineralization, and exploration and mine development plans, and is based on current expectations that involve a number of business risks and uncertainties. Forward- looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.

Contacts:

The Graystone Company, Inc.

Alfred Mendoza

(702) 289-4827

Contact
The Graystone Company
***@graystone1.com
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Tags:Gold Mining, Copper Mining, Gold Stock, Mining Stock, Microcap Stock
Industry:Engineering, Mining
Location:Las Vegas - Nevada - United States
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