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Press
Release Archives: 10/23/2007
InsideMetals.com' Expands Its Gold Producer Stocks Index
RENO, Nev., Oct. 23 /PRNewswire/ -- 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. (OTC Bulletin Board: ITRO; Frankfurt and Berlin
Stock Exchanges: ITG).
VISIT OUR WEB SITE: http://www.insidemetals.com
(Disclaimer: The information published in
InsideMetals.com has been collected from published
financial reports, press releases, annual reports,
quarterly reports and applicable regulatory
documents(U.S. Security & Exchange Commission filings),
and is believed to be factual and reliable. Every
attempt has been made to ensure that the data contained
are accurate at the time of compilation. However, we
make no guarantee as to the accuracy of the data.
Neither Whitney & Whitney, Inc. nor any employee is
responsible for any errors or omissions, or for the
results that may be obtained from the use of this data.
Inadvertent errors do occur and applicable laws, rules,
and regulations often change and are subject
interpretation. Neither Whitney & Whitney, Inc. nor
InsideMetals.com give investment advice and every
investor should make independent decisions or consult
with their financial advisor or stock broker. All
information contained is provided for education and
guidance on the financial performance of the listed
precious metals mining companies and junior gold and
mineral exploration companies that are contained within
IncideMetals.com. Reliance on this data is exclusively
at the users risk. Neither Whitney & Whitney, Inc. or
InsideMetals.com are registered investment advisors, nor
are they affiliated with any investment fund or
brokerage house. From time-to-time members of the staff
of Whitney & Whitney, Inc. may own shares in the
reported companies.)
Source: InsideMetals.com |
