DALLAS, Nov. 11, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Gammon Gold Inc. (NYSE:GRS). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Gammon Gold Inc. (NYSE:GRS) should be of particular interest to other mining companies: Apollo Gold Corp. (NYSE:AGT), Kimber Resources Inc. (NYSE:KBX), POSCO (NYSE:PKX) and Arcelor Mittal (NYSE:MT).
It is available at: http://www.investorsoup.com/lp/GRS
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Gammon Gold Inc. (GRS) is engaged in the mining, development, exploration and acquisition of resource properties. The Company owns and operates two producing mines in Mexico, the Ocampo mine in Chihuahua state, and the El Cubo mine in Guanajuato state, and also owns the Guadalupe y Calvo advanced exploration property in Chihuahua state, Mexico.
Message Board Search for GRS: http://www.boardcentral.com/boards/GRS
In the report, the analyst notes:
"During the second quarter of 2009, GRS sold 30,461 gold ounces and 1,116,067 silver ounces, or 47,081 gold equivalent ounces, compared to sales of 44,273 gold ounces and 1,484,763 silver ounces, or 72,694 gold equivalent ounces, in 2008. ... Second-quarter revenues decreased by 33% to $43.3 million, compared to second quarter 2008 revenues of $64.6 million. This $21.3 million decline in revenue was due to decreased gold and silver production and the 20% decrease in the average realized price of silver.
"The Company recently announced the discovery of significant mineralization at the Santa Eduviges, Las Molinas and San Amado areas at its flagship Ocampo operation together with an overall update on its ongoing 2009 exploration programs:
"'While we are still in the early stages of the underground drilling program, with only 44% of the drilling complete, the results we have received to date are in line with our expectations and we anticipate that the underground program will be completed by the end of the year.'"
To read the entire report visit: http://www.investorsoup.com/lp/GRS
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