Argonaut Gold to be Included in the S&P TSX SmallCap Index
15 9월 2011 - 5:30AM
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 SmallCap Index,
effective upon the close of trading on Friday, September 16, 2011.
The S&P/TSX SmallCap Index provides an investable index for the
Canadian small cap market.
Since the beginning of 2011, Argonaut Gold's average trade
volume has increased from approximately 150,000 shares a day to
over 500,000 shares a day. Argonaut currently has a fully diluted
market cap of approximately $700 million dollars. Argonaut shares
have provided a 32.6% increase in value in 2011, outperforming the
gold price performance of 28.9% for the same period.
President and CEO of Argonaut Gold, Peter Dougherty stated
"Argonaut is pleased to be added to the S&P/TSX SmallCap Index.
This company milestone recognizes our continued efforts to create
value for the company and our shareholders. Inclusion in the index
corresponds with our increased market cap and share liquidity."
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 advanced exploration stage San Antonio project and advanced
exploration stage La Colorada project, and several exploration
stage projects, all of which are located in Mexico. Argonaut is a
producing gold company created by former executive management team
members of Meridian Gold Inc.
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.
Data was calculated from Yahoo finance and Kitco Gold Price
measurements.
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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