Calissio Resources Reports Record Q4 and Year-End Earnings and Production
LAS VEGAS, Feb. 5, 2015 /PRNewswire/ -- Calissio Resources Group Inc. (OTC: CRGP) is pleased to report record earnings and production for the 4th quarter of 2014 and year-end. Gross profit before general expenses and taxes in the 4th quarter increased 21.6% percent over the previous quarter, and production increased 28.2% over the same period. 2014 gross profit and production both increased by more than 700% over 2013, on 2014 gross revenues of US$15,693,667. The Company's 2014 annual financial statements will be published with the OTC Markets in the coming weeks after the year-end report and processes are completed. Calissio is also anticipating continued earnings and production increases in 2015, as a result of the significant exploration, development and facility expansion activities conducted in the last half of 2014.
"We are extremely proud of our accomplishments for 2014, with earnings and production increases for 4 consecutive quarters in 2014, and a record year in terms of profits overall," said Adam Carter, the President & CEO of Calissio Resources Group. "Our strategy to stay focused on production, supply and exploration growth to expand our footprint in Mexico has positioned Calissio for continued success, despite lower commodity price levels. Calissio is a low cost producer, with established long-term sales contracts in place, and that will continue to drive our expansion and profitability forward in 2015."
Adam Carter
President & CEO
Calissio Resources Group Inc.
Calissio Resources Group Inc., focused on the acquisition and development of base metals projects in Mexico that are currently in or near production and advanced exploration properties that will add substantially to the Company's asset foundation. Management is continuing to actively pursue mineral interests that represent significant growth, value and cash flow opportunities.
For additional information, please visit: http://www.calissioresources.com
This press release contains statements that are forward-looking and which involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in question are based on Calissio Resources Group, Inc.'s current expectations and projections about future events, based on information currently available.
The forward-looking statements found in this press release may also include statements relating to Calissio Resources Group, Inc.'s anticipated financial performance, business prospects, new developments, strategies, and similar matters. Calissio Resources Group, Inc. provides no assurance regarding the actual outcome of the events contemplated by any forward-looking statements included in this release. Calissio Resources Group, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
Contact:
Calissio Resources Group Inc.
Investor Relations
+1-702-605-4172
[email protected]
SOURCE Calissio Resources Group Inc.
Related Links
http://www.calissioresources.com
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