|
|
|
|
Yamana AMEX and AIM Listings Approved |
12/02/2003 |
|
Download this Press Release (PDF 74 KB)
|
Yamana Gold Inc (YRI - TSX) announces approval for listing its common shares on the American Stock Exchange (AMEX) and London Stock Exchange’s Alternative Investment Market (AIM). Trading is expected to commence on AMEX on December 5, 2003 under the symbol "AUY" and commenced on AIM on November 28, 2003 under the symbol "YAU".
Yamana’s President & Chief Executive Officer Peter Marrone stated, “The combination of these additional listings added to our TSX listing will increase our shareholder profile in the United States and Europe, where we already have a strong institutional base. Our vision remains to increase interest in our company from retail and institutional investors who would otherwise be restricted from purchasing our shares. Broadening our investor base and liquidity in these two important equity markets is beneficial to all shareholders allowing all to benefit from our production growth and strong operations”.
Canaccord Capital Corporation (Europe) has been appointed as the Nominated Adviser and broker for the listing of the Company’s shares on AIM.
Yamana is a Canadian gold producer with significant gold production, gold and copper-gold development stage properties, exploration properties and land positions in all major mineral areas in Brazil. Yamana expects to produce gold at intermediate company production levels by 2006 in addition to significant copper production by 2007. Yamana also holds gold exploration properties in Argentina subject to earn-in by Peruvian gold producers Buenaventura and Hochshild. Company management plans to build on this base by targeting other gold consolidation opportunities in Brazil and elsewhere in Latin America.
For further information, contact:
Peter Marrone
President & Chief Executive Officer
(416) 815-0220
E-mail: investor@yamana.com
FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other ecological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
|
|
|
|
|