NWM Mining Corporation NWMMF

RE:Financials out on Sedar

[production05]

1)  Subsequent events: ``A total of US$1,385,642 in demand loans were issued to the lender in March and April, 2015.  The total demand loan is now US$3,335,642.``  It looks like the debt partner is still working with us.  It seems like they are helping to keep our heads above water until things come together.  The potential tax reimbursement from the Mexican government (to NWM) is now up to $6.5 million.  The demand loan will be repaid from this pool of funds, once received.


2)  The cutoff date for these set of financials is December 31, 2014 - four months ago.  I think things are starting to normalize now.  Though, I think we need to get the funding, to execute the ramp up plan, before we can realize the higher efficiency gains.   


3)  ``Approximately 3,994 ounces of gold was produced in the fourth quarter of 2014.  Expectations are for approximately 18,000 to 22,000 ounces to be produced in 2015 subject to ongoing capital restraints.  The fourth quarter’s gold production was negatively impacted by a severe tropical rain storm in September that flooded areas of the Creston pit and significantly diluted the heap leach gold extraction solutions. The heap leach extraction solutions are now back to normal levels and flooded areas have been corrected.``


4)  ``The grade of mineralized material mined in the period averaged 0.38 g/t which is greater than 20% lower than grade realized in 2013 (0.47 g/t).  The current grade being mined is however consistent with the life of mine reserve mode.``