TURBO, Colombia, Sept. 20, 2017 -- Genesis Electronics Group Inc. (OTC Pink:GEGI), announces a plan to create cash flow and become profitable. Juan David Perez Schile, CEO, states, “Most mining companies focus on exploration, we are not. We are focusing on existing mining projects, whether wholly owned or through lease agreements that we can improve upon. As we move into production and improve the mining process we should be able to operate at high margins. As a rule of thumb our production costs should be approximately $700 per ounce. Based on our model we expect to maintain that margin.”
Kate Bahnsen, CFO, states: “Our Green Mine approach is to:
- Concentrate on cash flow within the first year instead of trying to put big resources on the balance sheet like all the other mines that take years.
- Find mining properties that already have good geological and historical work done that just need a PTO (mining business plan) and environmental compliance with the government to start production in less than 1 year.
- Create jobs in the community growing Sacha Inchi.
- Reduce environmental impact by not using mercury and growing Sacha Inchi.
This model will make us the most advanced, modern and profitable mining company in Colombia and a model for the rest of the mining companies worldwide.”
Contact information: [email protected]
About Cacique Mining
The Guayuco project is a gallery project. Cacique Mining Inc. and Green Mine Solutions have entered into an agreement with Inca Worldwide to grow Sacha Inchi on the land above the mine.
www.caciquemining.co
Caution Concerning Forward-Looking Statements:
Our public communications and SEC filings may contain "forward-looking statements" – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," or "target."
Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about our announced plan to reduce the size of our financial services businesses, including expected cash and non-cash charges associated with this plan and earnings per share of QED retained businesses (Verticals); expected income; earnings per share; revenues; organic growth; growth and productivity associated with our Digital business; margins; cost structure; restructuring charges; acquisition-related synergies; cash flows; returns on capital and investment; capital expenditures, capital allocation or capital structure; and dividends.


DOJ Reaches Settlement With Blackstone’s LivCor Over Alleged Rent Price-Fixing
Uber and Baidu Partner to Test Robotaxis in the UK, Marking a New Milestone for Autonomous Ride-Hailing
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector
Sanofi to Acquire Dynavax in $2.2 Billion Deal to Strengthen Vaccines Portfolio
Warner Bros Discovery Weighs Amended Paramount Skydance Bid as Netflix Takeover Battle Intensifies
Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions
Nike Stock Jumps After Apple CEO Tim Cook Buys $2.9M Worth of Shares
Saks Global Weighs Chapter 11 Bankruptcy Amid Debt Pressures and Luxury Retail Slowdown
Niigata Set to Approve Restart of Japan’s Largest Nuclear Power Plant in Major Energy Shift
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance
South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge
California Regulator Probes Waymo Robotaxi Stalls During San Francisco Power Outage
JPMorgan’s Top Large-Cap Pharma Stocks to Watch in 2026
Waymo Plans Safety and Emergency Response Upgrades After San Francisco Robotaxi Disruptions
BlackRock-Backed Global Ports Deal Faces Uncertainty Amid Cosco Demands 



