Andean American reports that for the year ended March 31, 2012, it has recorded a net loss US$8,179,396 or US$0.04 per share compared to a net loss of US$17,206,005 or US$0.11 per share for the same period in 2011. This was mainly due to a write-off of exploration properties of $5,050,619 and $11,465,806 for the years ended March 31, 2012 and March 31, 2011 respectively. Andean ended the quarter with a cash position
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