09:49 AM EST - Carpathian Gold : provided an update on its progress towards completion of its wholly-owned Riacho dos Machados Gold Project (RDM) in Brazil. The company said it expects to begin production by the end of the third quarter of 2013. Riacho dos Machados is forecast to produce approximately 100,000 ounces of gold on an annualized basis for an initial period of eight plus years. Carpathian Gold
shares T.CPN are trading up $0.01 at $0.23.
