TURBO, Colombia, Sept. 20, 2017 (GLOBE NEWSWIRE) -- Genesis Electronics Group Inc. (OTC Pink:GEGI), announces a plan to create cash flow and become profitable. Juan David Perez Schile, CEO, states, “Most mining companies focus on exploration, we are not. We are focusing on existing mining projects, whether wholly owned or through lease agreements that we can improve upon. As we move into production and improve the mining process we should be able to operate at high margins. As a rule of thumb our production costs should be approximately $700 per ounce. Based on our model we expect to maintain that margin.”
Kate Bahnsen, CFO, states: “Our Green Mine approach is to:
- Concentrate on cash flow within the first year instead of trying to put big resources on the balance sheet like all the other mines that take years.
- Find mining properties that already have good geological and historical work done that just need a PTO (mining business plan) and environmental compliance with the government to start production in less than 1 year.
- Create jobs in the community growing Sacha Inchi.
- Reduce environmental impact by not using mercury and growing Sacha Inchi.
This model will make us the most advanced, modern and profitable mining company in Colombia and a model for the rest of the mining companies worldwide.”
Contact information: info@caciquemining.co
About Cacique Mining
The Guayuco project is a gallery project. Cacique Mining Inc. and Green Mine Solutions have entered into an agreement with Inca Worldwide to grow Sacha Inchi on the land above the mine.
www.caciquemining.co
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