Gammon Gold, Inc. (NYSE:GRS) gained 3.00%, to close at $7.90 and its overall traded volume was 1.36M shares on Monday, against its average volume of 1.65M. GRS shares were trading within the range of $7.67-$7.95 while its opening price was $7.74. The stock has a 52 week low of $5.09 and 52 week high of $12.50. At current market price, the market capitalization of the company stands at $1.10B and it has 138.86M outstanding shares.Gammon Gold Inc. (Gammon) is a mining company which is also engaged in the exploration for, and development of, gold and silver deposits in Mexico. Through its subsidiaries, the Company owns and operates the Ocampo gold-silver mine in Chihuahua State, Mexico, and the El Cubo gold-silver mine in Guanajuato State, Mexico, both of which are producing gold and silver. Through its subsidiaries, the Company also owns the Guadalupe y Calvo gold-silver exploration project in Chihuahua State, Mexico, and leases the Las Torres gold-silver mine in Guanajuato State, Mexico, which is also producing gold and silver. During the year ended December 31, 2009, the Company sold 133,003 gold ounces and 5,146,584 silver ounces. As of December 31, 2009, Gammons total proven and probable gold equivalent reserves were 2.5 million gold equivalent ounces.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
