Southridge Minerals Reports Fourth Quarter Production Revenues and Profits
DALLAS, Dec. 17, 2012
DALLAS, Dec. 17, 2012 /PRNewswire/ --Southridge Enterprises Inc. (PINKSHEETS:
SRGE) ("Southridge" or the "Company") is pleased to announce today that
Southridge Minerals, Inc., its wholly owned subsidiary, announces today it
recently filed its financial results with the OTC Markets for the fourth
quarter of fiscal 2012. The Company reported net income of $1,420,085 on
revenues of $2,206,378, for the quarter ending August 31, 2012. The results
for the quarter represented the achievement of a significant milestone for the
Company in its initiation of mineral production at the Cinco Minas facility in
Southridge Minerals currently holds a portfolio of mineral properties located
in several world-class mining regions of Mexico. The properties include the
past producing and flagship property Cinco Minas, along with the Gran Cabrera,
Los Compadres, La Esperanza, La Canita and El Horconcito.
With metal prices forecasted to remain buoyant, properties that offer
significant potential for Gold and Silver occurrence, a diverse management
team, and a strong cash position, Southridge Minerals is well positioned to
develop its opportunities and build shareholder value.
For further information on the Company's Gold and Silver projects, visit our
Southridge Investors can access the following Southridge Minerals social media
YouTube Cinco Minas Mexico Project:
About Southridge Minerals, Inc. (SRGE)
Southridge Minerals, Inc. is a U.S.-based mineral exploration company
dedicated to acquiring and developing mineral resources in geologically
permissible and politically stable areas of the world. The Company seeks out
early stage opportunities with good mineralization indicators that exhibit
significant blue-sky potential. Southridge pursues and advances these projects
that are or will be of interest to mid-size and major producers. By forming
alliances on individual projects, the Company expects to develop its interests
in mines operated by its partners, allowing it to continue to build value
through continued exploration. Southridge is currently focused on projects in
What sets Southridge apart is its vast experience in Mexico and the knowledge
of the geological conditions and formations pertaining to known large gold
deposits that have received very little attention to date. This comparative
advantage, combined with a specific geographical and mineral focus, will allow
for more efficient asset and income growth in the future for the benefit of
Although the Company believes that the forward-looking statement of beliefs,
plans, expectations, and intentions contained in this press release are
reasonable, there can be no assurance those beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consider all of the
information set forth herein and should also refer to the risk factors
disclosed in the Company's published current and periodic reports.
Southridge Enterprises Inc.
Tel. (214) 699-6255
SOURCE Southridge Enterprises Inc.
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