Gammon Gold Announces Third Quarter 2007 Financial Results



    TSX: GAM / AMEX:   GRS / BSX: GL7

    HALIFAX, Nov. 12 /CNW/ - Gammon Gold Inc. ("Gammon Gold") (TSX:GAM and
AMEX:  GRS) announces third quarter financial results for the three and nine
months ended September 30, 2007.
    For the three-month period ended September 30, 2007 the Company reported
sales of $30,443,793, compared to $16,455,948 for the same period in 2006. Net
loss for the quarter was $44,835,395 or $0.38 per share compared to
$15,115,730 or $0.16 per share for the same period in 2006.
    Included in third quarter results was a non-cash income tax expense of
$21.6 million ($0.18 per share) relating to the September 28, 2007
substantively enacted Mexican single rate income tax law whereby certain
future income tax loss carry forwards will not be utilized as previously
anticipated. While third quarter net loss was increased significantly by this
future income tax adjustment, the expense is a non-cash item and there was no
impact on cash flow.
    For the nine-month period ended September 30, 2007 the Company reported
sales of $112,358,696 compared to $29,854,747 for the same period in 2006. Net
loss for the period was $80,584,980 or $0.72 per share compared to $22,017,133
or $0.26 per share for the same period in 2006.
    Commenting on the Company's performance Rene Marion, Chief Executive
Officer said: "While the Company continued to experience typical start-up
productivity issues during the third quarter we have made significant progress
in addressing these issues and positioning the Company for profitable growth."
    Dave Keough, Chief Operating Officer said: "I am pleased to see
improvement in mill performance recently with October throughput exceeding
name plate capacity. Considering the unanticipated higher grade ore from the
Open Pit, the team is looking at expanding mill capacity to improve
performance and project economics."
    Mr. Marion continued, "The impact of our focused efforts aimed at
improving productivity, increasing capacity, as well as our aggressive cost
reduction efforts, began to gain traction late in the third quarter and this
momentum will continue into in the fourth and subsequent quarters. We will
maintain our focus on continually improving operational consistency and
resulting financial performance and fully anticipate that the Company will
experience steadily improved results as we go forward. My initial impression
from visiting both operations is that we have a solid team assembled now and
we are poised to make significant improvements. I look forward to working with
our strong executive and mine management teams to fully develop our assets in
Mexico."

    (All figures are in US dollars unless otherwise stated.)

    
    Highlights
    -------------------------------------------------------------------------

    - Third quarter production of 26,444 gold ounces and 1,115,233 silver
      ounces or 47,091 gold equivalent ounces

    - Revenues from mining operations of $30.4 million compared to
      $16.5 million in Q3 2006. Average Q3 gold selling price of $679 per
      ounce and silver selling price of $12.54 per ounce

    - Net loss per share of $0.38 compared to Q3 2006 net loss per share of
      $0.16 with $0.18 of 2007 Q3 loss relating to a one-time non-cash income
      tax expense arising from the recently enacted Mexican Single Rate Tax
      law noted above

    - Adjusted cash cost per ounce of $601 for Q3 which increased to $764 per
      ounce after reflecting a $0.8 million cash expense to reflect Ocampo's
      less than 70% third quarter operating utilization ($19 cash cost per
      ounce) and a $6.5 million cash write down of leach pad and mill
      inventory to lower of cost and net realizable value ($144 cash cost per
      ounce)

    - Included in cash costs was a $22 per ounce employee severance charge
      associated with reducing the Ocampo workforce by approximately 30% near
      quarter end (over 600 positions) bringing total workforce to
      approximately 1,400 at Ocampo

    - Cash used in operations of $10.6 million versus $16.3 million used in
      Q3 2006. Adjusted for changes in non-cash working capital, cash losses
      were $6.6 million and $3.0 million respectively

    - Mr. Rene Marion was appointed Chief Executive Officer on October 25th.
      Mr. Marion brings over 22 years of mining experience to Gammon, having
      most recently held the position of Regional Vice President, Barrick
      Russia, Central Asia

    Ocampo

    - Continued to strengthen the Gammon operational management teams with
      the addition of 12 experienced Mexican mining and processing
      professionals at Ocampo as well as 2 added at El Cubo

    - An aggressive cost reduction program implemented at Ocampo identified
      over $10 million in annual savings comprised primarily (60%) of savings
      related to the reduction in head count late in the third quarter. These
      cost savings are expected to be realized in the fourth and subsequent
      quarters.

    - The arrival of three 100 tonne trucks, a loader and a drill rig for the
      Open Pit. These units were commissioned by quarter end favourably
      impacting production. Subsequently, daily peak production has exceeded
      115,000 tonnes per day on occasion. Third quarter average production
      was 67,900 tonnes per day while October total tonnes mined was a record
      of 2,779,000 tonnes (an average of 89,600 tonnes per day) which
      exceeded the previous best monthly performance by 19%. Of note, the
      Feasibility Study only assumed a daily Open Pit mining rate of
      80,000 tonnes and the mine is on track to consistently achieve the
      planned +/-100,000 tonnes per day average with the arrival of an
      additional loader and drill rig late in October

    - Productivity of the crushing and heap leach circuit decreased to 53%
      from 65% availability in Q2 primarily as a result of 17 equivalent days
      of downtime related to the unavailability of the overland conveyor belt
      and delays associated with plugged chutes and screens due to the
      unusually heavy rain in July and August. The overland conveyor belt was
      replaced late in the third quarter and improved productivity was
      immediately achieved with October availability at 70%. Leach pad
      crushing circuit availability is targeted to be in the mid 80%'s and a
      work plan is in place to achieve this level.

    - Total Open Pit ore production for Q3 was 582,071 tonnes at a gold
      equivalent 1.51 grams per tonne which is approximately 90% of
      Feasibility Study estimates

    - Third quarter tonnes placed on the heap leach pad were 510,809 or
      5,552 tonnes per day, which is well below the facility's capacity of
      11,000 tonnes per day and reflects the low Q3 availability noted above.
      Tonnes placed on the Heap Leach pad in October were 244,500 tonnes
      (7,887 tonnes per day) which is the best result since May 2007

    - Recovery for the heap leach pad continued to improve consistent with
      the first half of 2007 and trending towards Feasibility Study estimates

    - Third quarter tonnes milled were 112,262 for an average of 1,220 tonnes
      per day which was 19% below the current name plate capacity of
      1,500 tonnes per day. Tonnes milled in October was a record of
      49,200 tonnes (1,580 tonnes per day) which exceeded the
      1,500 tonne Mill name plate capacity by 6% despite mill availability of
      only 84%

    - Mill productivity improved from 67% in Q2 to 82% availability in Q3
      with further improvement anticipated in the fourth quarter. October
      mill availability was 84% despite a 4 day planned generator maintenance
      outage at the beginning of the month. Mill availability is targeted to
      be in the low 90%'s and a work plan is in place to achieve this level

    - Underground grades in Q3 were 6.5 g/t gold equivalent which is
      consistent with Q2 grades. Management is focused on improving head
      grades to the mill through improved mining methods that will decrease
      dilution.

    - Recoveries for the mill remain consistent with Feasibility Study
      estimates with recoveries of 95% on gold and 90% on silver

    - Completion of main office building, warehouse and work shop enabling
      the closing of a number of temporary offices and warehouses

    - Open pit continued to provide unbudgeted high grade tonnage to mill as
      71,262 tonnes @ 2.30 g/t gold and 134 g/t silver or 4.77 g/t gold
      equivalent, were delivered to the Mill.

    - Continued to advance (184 metres completed during the quarter) the
      Santa Eduviges decline which is being developed under the Ocampo open
      pit for a possible new underground mine (and a third source of high
      grade ore to the Mill) on the PGR trend. The project is currently 35%
      complete and on budget

    - Underground shaft was completed to designed depth (290 metres) with a
      study underway to deepen an additional 250 metres, subject to
      completion of the updated underground life of mine plan

    - The completed 1.1 million cubic meter water dam was filled during the
      wet season providing sufficient water for the project in the coming
      years

    - Further surface exploration drilling commenced, immediately adjacent to
      the Ocampo open pit targeting the high grade San Roman structure where
      previous high grade calvo type intersections were encountered in
      diamond drilling

    El Cubo

    - The project to integrate the El Cubo underground mine workings with the
      Las Torres shaft and Mill infrastructure is underway with all
      engineering completed during the quarter and minor rehabilitation of
      underground infrastructure in progress. This program is expected to
      reduce mill operating and ore haulage costs.

    - During the quarter the Company implemented a review of El Cubo's cost
      structure and identified additional opportunities to significantly
      reduce operating costs which will be achieved in Q4 and early 2008

    Exploration

    - Commenced diamond drilling on the Guadalupe y Calvo property with 3 of
      the planned 15 holes (506 of 2,400 metres) completed

    - Assay results from a recent surface trenching program are indicative of
      the potential for bulk mineralization on the Guadalupe y Calvo property
      with average mineralized widths across the Rosario structure of
      25 metres

    Operational Overview

    Productivity during the quarter continued to be lower than previously
established targets which correspondingly resulted in higher than acceptable
cash costs particularly as fixed operational costs are spread across lower
produced ounces. Significant management focus is being directed to the
maintenance, planning and procurement issues that have caused this lower
productivity with solid progress noted in the quarter. Strengthening the site
management teams, greater focus on preventative maintenance planning
disciplines and increasing investment in and availability of critical spare
inventory items were among the Q3 accomplishments. As a result of these and
other initiatives, the Company has begun to realize improvements and these
improvements are expected to be reflected in our Q4 results as these programs
gain additional traction.
    The Company also began an aggressive review of its cost structure and have
identified areas where significant costs could be reduced. Most significantly
to date, the Company implemented in September a 30% reduction of project
manning at Ocampo that will lower costs $6 million annually. This represents
60% of the $10,000,000 of annualized costs savings identified in Q3. The
Company will continue its efforts in improving overall operational
efficiencies and diligent attention to aggressively managing costs.
    In addition to improving existing productivity and lowering costs at
Ocampo, the Company is focused on initiatives to increase both Open Pit and
Mill capacity and is making targeted investments in equipment and
infrastructure to augment crushing capacity, increase mill throughput and add
new sources of high grade ore to feed this increased capacity.
    The Company has also identified areas for improvement at the El Cubo
operation. We will implement these strategies in the coming quarters aimed at
enhancing productivity and reducing costs. Particular focus has been on
optimizing ore feed to the Las Torres Mill and consideration of subsequent
mill rationalization of the existing mills. The Company will continue to
aggressively manage costs and attention will be given to right sizing project
manning at El Cubo to gain further operational efficiencies and lower costs.
    During the quarter the Company re-commenced a drilling program on the
Guadalupe y Calvo exploration project with 3 of a planned 15 (2,400 metres)
completed and assay results are pending. The drilling is targeting the high
grade core to gain appreciation for the continuation of the high grade
mineralization encountered during previous exploration drilling campaigns.

    The Company's MD&A includes additional details of Q3 performance as well
as an outline of management's plans and priorities for the coming quarters.

    Further details on the history of the Company, its mineral properties and
the risk factors associated with respect to the Company can be found under the
Company's associated documents including its Annual Information Form at
www.sedar.com or on the Company's website at www.gammongold.com

    Quarterly Financial Statements for the third quarter ended September 30,
2007 are attached to this release. These should be read in conjunction with
the Notes to the Financial Statements and Management Discussion and Analysis,
posted on SEDAR at www.sedar.com or on the Company's website at
www.gammongold.com

    Conference Call Details

    A webcast and conference call will be held on Tuesday, November 13, 2007
starting at 8:30 am Eastern Time (9:30 am Atlantic Time). Senior management
will be on hand to discuss the results.

    Conference Call Access:
    -----------------------

    - Local Toronto Participants: 1-416-915-5761
    - North America Toll Free: 1-800-594-3790
    - Outside North America: 1-416-915-5761

    When the Operator answers please ask to be placed into the Gammon Gold
Third Quarter Results Conference Call.

    Live Webcast:
    -------------

    The event will be broadcast live on the internet via webcast. To access
the webcast please follow the link provided below:
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2079880

    Archive Call Access:
    --------------------

    If you are unable to attend the conference call, a replay will be
available until midnight, Tuesday November 20th by dialing the appropriate
number below:

    - Local Toronto Participants: 1-416-640-1917 Passcode: 21252540#
    - North America Toll Free: 1-877-289-8525    Passcode: 21252540#
    - Outside North America: 1-416-640-1917      Passcode: 21252540#

    Archive Webcast:
    ----------------

    The webcast will be archived for 365-days by following the link provided
below:
    http://w.on24.com/r.htm?e=97812&s=1&k=6B6441DF72E1CBF784F59B8867E5F03F

    About Gammon Gold

    Gammon Gold Inc. is a Nova Scotia based mid tier gold and silver producer
with properties in Mexico. The Company's flagship Ocampo Project in Chihuahua
State achieved commercial production in January 2007. Gammon Gold also
operates its El Cubo operation in Guanajuato State and has the promising
development Guadalupe y Calvo property in Chihuahua State. The company remains
100% unhedged.

                             Cautionary Statement

    Cautionary Note to US Investors - The United States Securities and
Exchange Commission permits US mining companies, in their filings with the
SEC, to disclose only those mineral deposits that a company can economically
and legally extract or produce. This press release uses certain terms, such as
"measured," "indicated," and "inferred" "resources," that the SEC guidelines
strictly prohibit US registered companies from including in their filings with
the SEC. US Investors are urged to consider closely the disclosure in Gammon
Gold's Annual Report on Form 40-F (File No. 001-31739), which may be secured
from Gammon Gold, or from the SEC's website at http://www.sec.gov/edgar.shtml.
    No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein.
    Certain information regarding the Company contained herein may constitute
forward-looking statements within the meaning of applicable securities laws.
Forward-looking statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ from those reflected in
the forward-looking statements. Should one or more of these risks and
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in forward looking
statements. Specific reference is made to "Risk Factors" in the Company's
Annual Information Form and Form 40-F Report. Forward-looking statements may
include estimates, plans, expectations, opinions, forecasts, projections,
guidance or other statements that are not statements of fact including,
without limitation, statements regarding potential mineralization and
reserves, including the impact of any future exploration on reserve estimates;
expectations regarding the timing and extent of production at the Ocampo
project; the implications of the Mexican Single Rate Tax on future income tax
payments; estimates regarding the future costs related to exploration at
Ocampo; the nature and availability of additional funding sources; and future
plans and objectives of Gammon. In some cases, you can identify
forward-looking statements by the use of words such as may, will, should,
could, expect, plan, intend, anticipate, believe, estimate, predict, potential
or continue or the negative or other variations of these words, or other
comparable words or phrases. Although the Company believes that the
expectations reflected in such forward-looking statements are reasonable, it
can give no assurance that such expectations will prove to have been correct.
Important factors that could cause actual results to differ materially from
the Company's expectations include, among others, risks related to
international operations, including political turmoil and limited local
infrastructure to support large scale mining operations; the actual results of
current exploration activities; conclusions of economic evaluations and
changes in project parameters as plans continue to be refined; and
fluctuations in future prices of gold and silver. These factors are set out in
the Company's annual information form. The Company's forward-looking
statements are expressly qualified in their entirety by this cautionary
statement.



    -------------------------------------------------------------------------
    Gammon Gold Inc.
    Consolidated Balance Sheets
                                                 September 30    December 31
                                                         2007           2006
                                                   (Unaudited)      (Note 3a)
    -------------------------------------------------------------------------
    Assets
    Current
      Cash and cash equivalents                 $     968,385  $   2,940,763
      Restricted cash                                 106,397      1,133,337
      Receivables
        Commodity taxes                            18,865,117     12,044,712
        Trade / other                               1,215,295      3,009,053
      Inventories
        Supplies                                   14,923,493      8,173,726
        Ore stockpiles                              2,265,993      4,829,834
        Ore in process                             32,049,138     33,271,178
      Prepaids and deposits                         1,266,089        775,479
                                                -------------- --------------
                                                   71,659,907     66,178,082

    Deposits on mining properties
     & capital equipment                            4,512,061      1,049,588
    Deferred compensation                             300,661        856,016
    Long term ore inventory in stockpile                    -      2,043,040
    Mining interests and
     capital assets (Note 4)                      563,952,307    539,395,321
    Goodwill                                      107,198,716    107,198,716
                                                -------------- --------------

                                                $ 747,623,652  $ 716,720,763
                                                -------------- --------------
    -------------------------------------------------------------------------
    Liabilities
    Current
      Payables and accruals                     $  23,137,836  $  30,849,472
      Current portion of long-term
       debt and capital leases                      6,671,434     66,988,072
                                                -------------- --------------
                                                   29,809,270     97,837,544

    Long term debt and capital leases               9,662,444     63,607,600
    Reclamation obligations (Note 5)                2,274,629              -
    Employee future benefits                        2,400,289      3,224,429
    Future income taxes (Note 6)                   94,273,022     70,492,523
                                                -------------- --------------
                                                  138,419,654    235,162,096
                                                -------------- --------------
    Shareholders' Equity
    Capital stock (Note 7)                        677,650,044    459,037,054
    Contributed surplus (Note 7)                   61,777,270     72,159,949
    Deficit                                      (140,939,707)   (60,354,727)
    Accumulated other comprehensive
     income (Note 7)                               10,716,391     10,716,391
                                                -------------- --------------
                                                  609,203,998    481,558,667
                                                -------------- --------------

                                                $ 747,623,652  $ 716,720,763
    -------------------------------------------------------------------------

    On behalf of the Board:  "Fred George"           Director
                            --------------------
                             "Russell Barwick"       Director
                            --------------------
       See accompanying notes to the consolidated financial statements.



    -------------------------------------------------------------------------
    Gammon Gold Inc.
    Consolidated Statements of Operations, Comprehensive Loss and
    Deficit
    (Unaudited)

                   Three months   Three months    Nine months    Nine months
                          ended          ended          ended          ended
                   September 30   September 30   September 30   September 30
                           2007           2006           2007           2006
                                      (Note 3a)                     (Note 3a)
    -------------------------------------------------------------------------

    Revenues
     from mining
     operations   $  30,443,793  $  16,455,948  $ 112,358,696  $  29,854,747
                  -------------- -------------- -------------- --------------

    Expenses
      Production
       costs
       excluding
       amortiza-
       tion &
       depletion  $  33,957,197  $  12,698,143  $ 106,791,278  $  19,814,466
      Write down
       of long
       term
       inventory              -              -      4,319,654              -
      Refining
       costs            337,815        132,035      1,183,820        203,647
      General and
       administra-
       tive           5,557,730      7,681,154     18,953,924     25,047,601
      Amortization
       and
       depletion     10,371,951      4,757,441     36,845,289      6,884,077
                  -------------- -------------- -------------- --------------

                     50,224,693     25,268,773    168,093,965     51,949,791
                  -------------- -------------- -------------- --------------

    Loss before
     other items    (19,780,900)    (8,812,825)   (55,735,269)   (22,095,044)
                  -------------- -------------- -------------- --------------

    Interest on
     long term
     debt         $    (120,836) $  (1,812,013) $  (3,338,560) $  (3,533,820)
    Foreign
     exchange
     loss            (4,887,131)    (1,513,878)    (8,647,972)      (136,145)
    Gain on
     equity
     investment               -        332,541              -        498,578
    Interest
     and sundry         414,630         96,431        733,077        491,673
                  -------------- -------------- -------------- --------------
                     (4,593,337)    (2,896,919)   (11,253,455)    (2,679,714)
                  -------------- -------------- -------------- --------------

    Loss before
     income
     taxes        $ (24,374,237) $ (11,709,744) $ (66,988,724) $ (24,774,758)

    Future
     income tax
     (recovery)
     (Note 6)        20,461,158      3,405,986     13,596,256     (2,757,625)
                  -------------- -------------- -------------- --------------

    Net loss      $ (44,835,395) $ (15,115,730) $ (80,584,980) $ (22,017,133)
                  -------------- -------------- -------------- --------------

      Other
       comprehen-
       sive gain
       (Note 7)               -     11,691,635              -     11,023,747

    Compre-
     hensive
     loss         $ (44,835,395) $  (3,424,095) $ (80,584,980) $ (10,993,386)
                  -------------- -------------- -------------- --------------

    Loss per
     share
     (Note 8)     $       (0.38) $       (0.16) $       (0.72) $       (0.26)
                  -------------- -------------- -------------- --------------

    -------------------------------------------------------------------------

    Deficit,
     beginning
     of period    $ (96,104,312) $ (63,250,362) $ (60,354,727) $ (56,348,959)

    Net loss        (44,835,395)   (15,115,730)   (80,584,980)   (22,017,133)
                  -------------- -------------- -------------- --------------

    Deficit,
     end of
     period       $(140,939,707) $ (78,366,092) $(140,939,707) $ (78,366,092)
                  -------------- -------------- -------------- --------------

    -------------------------------------------------------------------------
       See accompanying notes to the consolidated financial statements.



    -------------------------------------------------------------------------
    Gammon Gold Inc.
    Consolidated Statements of Cash Flows
    (Unaudited)
                   Three months   Three months    Nine months    Nine months
                          ended          ended          ended          ended
                   September 30   September 30   September 30   September 30
                           2007           2006           2007           2006
                                      (Note 3a)                     (Note 3a)
    -------------------------------------------------------------------------
    Cash flows from
     (used in)
     operating
     activities
      Net loss    $ (44,835,395) $ (15,115,730) $ (80,584,980) $ (22,017,133)
      Amortiza-
       tion and
       depletion     10,371,951      4,757,441     36,845,289      6,884,077
      Unrealized
       foreign
       exchange
       (gain) loss    5,979,561        (65,514)    11,419,541     (3,030,665)
      Stock option
       expense        1,252,932      4,057,381      5,331,979     15,872,140
      Employee
       future
       benefits         176,870         61,591       (871,981)        61,591
      Future
       income tax
       expense
       (recovery)    20,461,158      3,405,986     13,596,256     (2,757,625)
      Increase
       (decrease)
       of accrued
       interest on
       long term
       debt              16,824        188,393     (1,089,729)       667,293
      Gain on
       equity
       investment             -       (332,690)             -       (498,727)
      Change in
       non-cash
       operating
       working
       capital
       (Note 11)     (3,995,685)   (13,272,092)   (21,548,243)   (21,351,747)
                  -------------- -------------- -------------- --------------
                    (10,571,784)   (16,315,234)   (36,901,868)   (26,170,796)
                  -------------- -------------- -------------- --------------

    Cash flows from
     (used in)
     investing
     activities
      Acquisition
       of
       investment             -          2,213              -     (6,612,425)
      Repayment of
       advances to
       related
       companies              -        312,988              -        561,476
      Cash acquired
       on
       acquisition
       Mexgold
       Resources
       Inc.                   -     21,459,042              -     21,459,042
      Expenditures
       on mining
       interests,
       related
       deferred
       costs and
       acquisition
       of capital
       assets       (26,076,516)   (17,337,598)   (55,671,468)   (77,947,735)
                  -------------- -------------- -------------- --------------
                    (26,076,516)     4,436,645    (55,671,468)   (62,539,642)
                  -------------- -------------- -------------- --------------

    Cash flows
     from (used in)
     financing
     activities
      Repayment of
       capital
       lease
       obligation      (588,047)      (689,933)    (1,900,862)    (1,022,883)
      Proceeds from
       (repayment
       of) long-
       term debt      5,508,587      4,214,815   (111,989,790)    68,945,991
      Net proceeds
       from equity
       offering        (258,322)             -    170,025,775              -
      Repayment of
       advances to
       related
       companies              -     11,958,048              -     11,958,048
      Proceeds from
       exercise of
       options and
       warrants         191,611      1,782,663     33,438,895     11,283,474
                  -------------- -------------- -------------- --------------
                      4,853,829     17,265,593     89,574,018     91,164,630
                  -------------- -------------- -------------- --------------

    Net change in
     cash           (31,794,471)     5,387,004     (2,999,318)     2,454,192
    Effect of
     exchange
     rate change
     on cash                  -        309,796              -       (554,858)
    Cash and cash
     equivalents
      Beginning
       of
       period        32,869,253      1,953,128      4,074,100      5,750,594
                  -------------- -------------- -------------- --------------
      End of
       period     $   1,074,782  $   7,649,928  $   1,074,782   $  7,649,928
                  -------------- -------------- -------------- --------------
    -------------------------------------------------------------------------
       See accompanying notes to the consolidated financial statements.
    




For further information:

For further information: please visit the Gammon Gold website at
www.gammongold.com or contact: Glenn Hynes, Chief Financial Officer, Gammon
Gold Inc., (902) 468-0614; Anne Day, Director of Investor Relations, Gammon
Gold Inc., (902) 468-0614

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GAMMON GOLD INC.

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