Azco Mining Inc. (AZMN.PK)

Azco Mining, Inc. engages in the acquisition, exploration, and development of mineral properties, primarily gold, silver, copper, and industrial minerals in the United States. It owns interests in the Ortiz gold project in New Mexico; and the Black Canyon mica project in Arizona. The company also holds interests in Summit mining property consisting of approximately 117 acres of patented mining claims and 600 acres of unpatented mining claims in the Steeple Rock Mining District in southwestern New Mexico; and in a resource of micaceous iron oxide in La Paz County, Ariz. Azco Mining was incorporated in 1991 and is based in Glendale, Arizona.

For the nine months ended 31 March 2006, Azco Mining Inc.'s revenues fell 87% to $7K. Net loss totaled $3.8M, up from $1.2M. Revenues reflect reduced sales of mica-filled plastic pellets as the Company is not actively marketing the mica pellets. Higher loss reflects increased stock compensation expense, the presence of loss on derivative instrument liability vs. a gain, lower gain on sale of assets and the presence of debt relief expenses.