Gold Producer Stocks
posted on
Oct 24, 2007 08:32AM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
RENO, Nev., Oct 23, 2007 /PRNewswire via COMTEX/ -- InsideMetals.com, an internet website which provides easy access to a detailed value-added, WORLD VIEW of Gold Producer Stocks, Mineral Producer Stocks, and Junior Gold & Mineral Stocks for investors and financial experts, reported today that it has added four companies and dropped two companies to its Gold Producer Index. One of the dropped companies was acquired by another gold producer, the other company was merged with a base metals producing mining company. The http://www.insidemetals.com website now includes 35 U.S. stock exchange listed companies.
InsideMetals.com lists its Gold Producer Stocks according to the U.S. stock exchange where the company's stock trades (NYSE, AMEX, and NASDAQ). Three companies have been added to the AMEX. These companies are: Crystallex International Corp., Endeavor Silver Corp., and Gammon Gold, Inc. One company, DRDGOLD Ltd., was added to the NASDAQ.
"To qualify for the InsideMetals.com Gold Producer Stocks Index a mining company must be listed on a U.S. stock exchange and have at least 40% of its revenue from precious metals," said Mike Mapa, Managing Editor. "That precious metal revenue must be at least $1 million. With gold trading near a 28 year high at $750 it only takes about 1,300 ounces to make $1 million."
Companies dropped were Meridian Gold Inc., whose shareholders approved its acquisition by Yamana Gold Inc. on October 12, 2007, and Rio Narcea Gold Mines Ltd., which was merged with base metals producer Lundin Mining Corp. on October 11, 2007. "NYSE listed Meridian Gold Inc., has provided investors a 109% gain since January 3, 2005, the date InsideMetals started tracking Meridian Gold. Rio Narcea, an AMEX listing, produced a 146% gain over the same period," said Mapa.
More information about InsideMetals.com can be obtained at http://www.insidemetals.com .
About InsideMetals.com
InsideMetals.com is an internet website that offers detailed value-added financial, production, and ore reserve information for key U.S. stock exchange listed gold, silver, platinum, and palladium producing companies. The website is fast and easy to use with a primary value objective of saving time for busy investors, business managers, or government administrators worldwide who may need the information. Access to the Gold Producer Stocks value-added WORLD VIEW details is available for a modestly priced monthly or annual subscription. The website also includes a broad range of free value-added information resources, which include a Mineral Producers Section, and the Junior Gold & Mineral Stocks Shopping Mall.
InsideMetals.com is a division of Whitney & Whitney, Inc., a mining development services firm based in Reno, Nevada, "the heart of U.S. gold country." Whitney & Whitney, Inc. is a wholly-owned subsidiary of Itronics Inc. .
VISIT OUR WEB SITE: http://www.insidemetals.com