Genco Resources Ltd. (TSX:GGC) announces results for the financial period September 30, 2010.
Genco recorded a net loss of $354,849 for the three months and $3,401,681 for the nine months ended September 30, 2010. Expenses for the quarter consisted mainly of general administrative costs in Canada and Mexico, and costs associated with mining operations at the Company's La Guitarra Mine in Mexico. On September 30, 2010 Genco had total assets of $38,370,026 including $1,782,618 in cash and accounts receivable.
During the quarter ended September 30, 2010, 16,568 tonnes of ore with an average grade of 132 grams per tonne ("g/t") silver and 1.23 g/t gold were mined and processed at Genco's La Guitarra Mine. An estimated 63,768 ounces of silver and 557 ounces of gold were recovered from ore mined and milled during the quarter and 9,540 ounces of silver and 49 ounces of gold were sold.
Source: Genco Resources Ltd.