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Andina Minerals Files Amended Q1 2011 Financial Statements
Published : June 21, 2011
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Keywords :   Chile | Gold | Market |

TORONTO, ONTARIO--(Marketwire - June 21, 2011) - Andina Minerals Inc. (News - Market indicators) filed amended financial statements for the period ended March 31, 2011. The financial statements were amended to include an equity reconciliation of Canadian GAAP to International Financial Reporting Standards for the three months ended March 31, 2010.

About Andina Minerals Inc.

Andina's primary focus is mining exploration and development in Chile. The Company's flagship development project is the 100%-owned Volcan Gold Project ("Volcan"), strategically located in the prolific Maricunga Gold Belt. In February 2011, Andina announced the results of a positive pre-feasibility study for Volcan. Initial Proven and Probable Mineral Reserves are 6.6 million ounces of gold at an average grade of 0.73 g/t contained in 283 tonnes of ore. In addition, there remains 2.3 million ounces of Measured and Indicated gold resources at an average grade of 0.66 g/t contained in 107 tonnes of ore plus 1.2 million gold ounces in the Inferred category. Andina is progressing with a feasibility study for Volcan, targeted for completion in the first half of 2012.

In addition to Andina's extensive underexplored land position surrounding Volcan, the Company holds two other mineral properties located within Chile's primary mining regions.



Andina Minerals Inc.
George M. Bee
President & CEO
416 203 3488
or
Andina Minerals Inc.
Derrick Weyrauch
Chief Financial Officer
416 203 3488
www.andinaminerals.com
Data and Statistics for these countries : Chile | All
Gold and Silver Prices for these countries : Chile | All

Andina Minerals Inc.

EXPLORATION STAGE
CODE : ADM.V
CUSIP : 034219105
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Andina Min. is a gold and silver exploration company based in .

Andina Min. holds various exploration projects in Chile.

Its main exploration properties are ENCRUCIJADA, PAMPA BUENOS AIRES and VOLCAN in Chile.

Andina Min. is listed in Canada and in United States of America. Its market capitalisation is CA$ 102.1 millions as of today (US$ 99.4 millions, € 74.4 millions).

Its stock quote reached its lowest recent point on December 30, 2005 at CA$ 0.07, and its highest recent level on December 31, 2007 at CA$ 5.50.

Andina Min. has 129 271 000 shares outstanding.

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In the News and Medias of Andina Minerals Inc.
4/4/2006New analysis
Annual reports of Andina Minerals Inc.
2007 Annual report
2006 Annual report
Option Grants of Andina Minerals Inc.
4/26/2011Grants 80,000 Options to an employee
3/11/2010Grants 1,665,000 Options to officers, directors and employee...
3/6/2009Grants 500,000 Options to Mr. Keith McKay and 200,000 to Mr....
5/10/2007Grants 760,000 Stock Options
4/18/2006Grants 1,566,000 options
9/29/2005Issues 471,000 Stock Options
2/7/2005Grants 1,485,000 stock options to directors, employees and c...
Nominations of Andina Minerals Inc.
1/8/2013Reconstitutes Board of Directors as Hochschild Achieves Mini...
Financials of Andina Minerals Inc.
5/29/2012First Quarter 2012 Update
6/21/2011Files Amended Q1 2011 Financial Statements
Project news of Andina Minerals Inc.
7/20/2011(Pampa Buenos Aires)announces progress on Pampa Buenos Aires, Vein Float Samples...
5/25/2011(Volcan)drills 266 m at 1.00 g/t Au, including 56 m at 2.6 g/t Au at...
2/15/2011(Volcan)Drills 104 m at 2.21 g/t Au, Including 30 m at 3.98 g/t Au a...
6/7/2010(Volcan)Drills 110 Metres of 1.72 g/t Gold in the Dorado West Zone
6/1/2010(Volcan)Concludes 2009 Barrick Land Acquisition and Issues 1,408,980...
9/11/2009(Volcan)Increases Measured & Indicated Resources at Volcan Gold Proj...
Corporate news of Andina Minerals Inc.
2/20/2013Hochschild Completes Compulsory Acquisition of Andina Common...
1/14/2013Announces Expiry of Successful Bid by Hochschild Mining plc
11/8/2012Agrees to Friendly Business Combination With Hochschild Mini...
9/27/2012Permit Update
4/25/2012presents at the Denver Gold Group Forum and Precious Metals ...
10/5/2011Provides Corporate Update
12/18/2009Trenching at Ojo de Agua East Encounters Widespread Minerali...
12/10/2009announces exercise of over-allotment option
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