[OTC:CGCO] COMMERCE GROUP CORP. > 0.34
Commerce Group Corp., along with its subsidiaries, engages in the exploration, exploitation, development, and production of precious metals in the Republic of El Salvador, Central America. The company, through its 100% interest in the Commerce/Sanseb joint venture, involves in exploration, development, and production of gold and silver mines. It holds interests in various properties, including San Sebastian gold mine, located approximately 3 miles northwest of the city of Santa Rosa de Lima and the Pan American Highway, which consists of approximately 1,470 acres of explored and unexplored mining prospects; San Felipe-El Potosi mine and El Capulin mine, which is located approximately 18 miles northwest of the city of San Miguel; Montemayor mine, located in the Department of Morazan, Republic of El Salvador, which comprises leases for approximately 175 acres of the surface rights; and Modesto mine, which is located near the city of Paisnal and approximately 19 miles north of San Salvador. The company's property portfolio also includes San Cristobal mill and plant, which is located on the Pan American Highway, west of the city of El Divisadero. In addition, it holds New San Sebastian gold mine exploration concession/license consisting of 42 square kilometers, as well as Nueva Esparta exploration concession/license, which comprises 45 square kilometers. The company was founded in 1962 and is headquartered in Milwaukee, Wisconsin.
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