TORONTO, May 16 /CNW/ - Gammon Gold Inc. (TSX: GAM) (NYSE: GRS), ("Gammon") announced today that it intends to change its corporate name to AuRico
Gold (pronounced oh-REE-koh). The name change is subject to shareholder approval at the Company's
Annual and Special Meeting of Shareholders scheduled for June 9, 2011
and is expected to be effective on, or about, June 13, 2011.
The Company's Toronto Stock Exchange and its New York Stock Exchange
ticker symbol will change to "AUQ" to reflect the new name,
representing gold equivalent. The Company will also launch a new
website, www.auricogold.com and a new logo.
The AuRico Gold name combines two words representative of the company:
"Au," the atomic symbol for gold, and "rico," a Spanish word meaning
rich. The AuRico logo features the ancient alchemy symbol for gold,
which dates back over 1,000 years.
"Over the past three years, the new management team has dedicated
considerable effort in repositioning the Company for success. Today we
are a leading intermediate gold and silver producer with a diversified
portfolio of high quality mines and projects, an exciting growth
profile and a strong balance sheet," said René Marion, President and
CEO of Gammon Gold. "Our new name and logo reflect our renewed
commitment as we build upon our successes and enrich shareholder value
through continued operational excellence and growth. Management is
extremely enthusiastic to launch our new name as it represents a new
beginning and a new chapter in the Company's history."
About Gammon Gold
Gammon Gold Inc. is a publicly traded mid-tier gold and silver producer
engaged in the mining, development, exploration and acquisition of
resource properties in North America. The Company owns and operates
three producing mines in Mexico, the Ocampo mine in Chihuahua State,
the El Chanate project in Sonora State, and the El Cubo mine in
Guanajuato State. Gammon Gold also owns the Guadalupe y Calvo advanced
exploration property in Chihuahua State and the Orion Project in the
State of Nayarit, and has six exploration properties in various states
throughout Mexico. Gammon's executive office is located in Toronto,
SOURCE GAMMON GOLD INC.
For further information:
For further information please visit the Gammon Gold website at www.gammongold.com or contact:
| René Marion |
President & Chief Executive Officer
Gammon Gold Inc.
| Anne Day |
Director of Investor Relations
Gammon Gold Inc.