TORONTO--(BUSINESS WIRE)--Itoco Mining Corporation has sealed an export order worth $500,000 USD of fair-trade, conflict free Colombian Emeralds from their operations in the Boyaca State in the Republic of Colombia.
The new order was executed at the Company’s facility in Bogota, Colombia where the world’s finest Emeralds are manufactured. The manufacturing facility has an installed capacity to process thousands of carats of Emerald material per/month.
The company is pleased to announce the successful import into North America and completing the order on time, on the back of its expertise, skilled gemstone cutters, artisans and its exceptionally strong infrastructure in Colombia.
With this order, the company is already restocking its inventory.
CEO Michael Paul of Itoco Mining Corporation said: "I am pleased to share that our Company has completed this winning export, despite volatile global market conditions.
With our operations team on the ground in Colombia, we have been able to establish a strong and growing presence. Today, we have emerged not only as the first publicly traded Emerald company in North America but we are pleased to boast that we have launched our export business.
Our focus is on profitable growth and we are confident that over the next 2-3 years, the company will demonstrate an increase in operating margins, combined with double-digit growth.”
About ITOCO MINING CORPORATION
Itoco Mining’s mission is to become a leading supplier of responsibly sourced Class 1 Colombian Emeralds, through its mining and marketing channels of single origin Emeralds from some of the world’s finest deposits in Muzo, Quipama & Maripi.
Itoco Mining Corporation trades on the OTC Markets, symbol: ITMC
This release contains forward-looking statements. Forward-looking statements, without limitation, may contain the words believes, expects, anticipates, estimates, potential, intends, plans, hopes, or similar expressions. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions and actual results could differ materially from those anticipated. Forward looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.