What Do Fundamentals Indicate for Santo Mining Corp (OTCBB:SANP)

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Las Vegas, NV -- (SBWIRE) -- 07/08/2013 -- Santo Mining Corp (OTCBB:SANP) recently released its financial report for the first quarter ending April 29, 2013.

According to the statement released the company faced operating loss of $276,000. It spent $222,000 on selling general and administrative expenses that are four times higher than previous quarter. Non Recurring expenses are $54,000. There were no interest expenses as per company’s report.

Santo Mining Corp deals in the exploration, and development of gold mineral resources in the Dominican Republic. The company was previously known as Santo Pita Corporation but changed to Santo Mining Corp in March 2012. It was established in 2009 and is settled in Santo Domingo, the Dominican Republic.

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