Argonaut Gold to Begin Trading on the S&P Canadian Index Operations
16 3월 2011 - 10:19PM
Marketwired
Argonaut Gold Inc. (TSX: AR) ("Argonaut" or the "Company") is
pleased to announce that Standard & Poor's Index Operations
will be adding Argonaut Gold to the S&P/TSX Global Gold Index
and the Global Mining Index, effective as at the open on Monday,
March, 21, 2011. The S&P/TSX Global Gold Index and Global
Mining Index are leading benchmarks of the global gold and mining
industry sectors.
At the end of 2010, Argonaut Gold had a fully diluted market cap
of $383 million and an average trading volume of 150,000 shares a
day. Since closing the Pediment Gold transaction on February 1, the
fully diluted market capitalization is approximately $536 million
with average trading volume of over 400,000 shares. The Pediment
Gold transaction added approximately 30 million shares.
Mr. Peter Dougherty, President and CEO for Argonaut Gold, stated
"Argonaut is proud to join the S&P/TSX indices for both Global
Gold and Global Mining. This is a significant milestone for the
company. In addition, we've seen a tremendous increase in both our
market cap and share liquidity since completing the transaction.
The acquisition of Pediment Gold provides an important building
block in the development of our company and our commitment to
Creating the Next Quality Mid-Tier Gold Producer in the
Americas."
About Argonaut
Argonaut is a Canadian gold company engaged in exploration, mine
development and production activities. Its primary assets are the
production-stage El Castillo Mine in the State of Durango, Mexico,
the development stage San Antonio project and the past producing La
Colorada project, both located in Mexico. Argonaut is a producing
gold company created by former executive management team members of
Meridian Gold Inc.
Creating the Next Quality Mid-Tier Gold Producer in the
Americas.
Cautionary Note Regarding Forward-looking Statements
This news release contains forward-looking statements that
involve risks and uncertainties that could cause results to differ
materially from management's current expectations. Actual results
may differ materially due to a number of factors. Except as
required by law, Argonaut Gold Inc. assumes no obligation to update
the forward-looking information contained in this news release.
Contacts: Argonaut Gold Inc. Nichole Cowles Investor Relations
Manager (775) 284-4422 x 101 nichole.cowles@argonautgoldinc.com
www.argonautgoldinc.com
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