The document discusses advancing the Corcoesto Gold Project located in northwest Spain. In 2012, the company assembled an experienced management team, completed a 50,000m drilling program, initiated a final feasibility study, and received environmental approval for the project from the Spanish government. Key highlights of the project include its location in a stable mining jurisdiction, supportive government and local communities, existing infrastructure, and preliminary economic assessment indicating robust economics. Upcoming milestones in 2013 include an updated resource estimate, final feasibility study, detailed engineering, and a potential construction decision.