Andes Gold Corporation reported earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported total revenues of $1,269,965 compared to revenues of $705,915 for the first quarter last year. This is an increase of $564,050 or 80% over the prior year. Net profits were $202,176 compared to $105,250 last year, an increase of $96,926 or 92%. This increase in profits was obtained despite increases in wages and salaries from $82,276 to $148,756 and an increase in materials and mining supplies from $80,317 to $193,976. For the year ending December 31, 2012, based on the results obtained in the first quarter, the company is projecting revenues in excess of $5,000,000 and net profits in excess of $800,000. These projections are a significant increase over the previous year. As the company increase production and milling operations, the company anticipate that the revenues will continue growing at an accelerated rate.