(COMTEX) B: InvestSource Inc.: Newmont Reports Record Reserves: EKWX, NEM,
B: InvestSource Inc.: Newmont Reports Record Reserves: EKWX, NEM, KRY, NG, ABER
Feb 04, 2005 (M2 PRESSWIRE via COMTEX) -- Stocks in the News: Ekwan-X
Incorporated (OTC: EKWX), Newmont Mining Corporation (Holding Co) (NYSE: NEM),
Crystallex International Corporation (AMEX: KRY), Novagold Resources
Incorporated (AMEX: NG), Aber Diamond Corporation (NASDAQ: ABER)
Ekwan-X Incorporated (OTC: EKWX) is a mineral exploration company using
hyperspectral imaging technology. Ekwan-X will concentrate its resources to
fully exploit the highly mineralized areas in Nevada, New Mexico, and Arizona.
The state of Nevada has been chosen for Ekwan-X's first large-scale mineral
exploration program. Keep an eye on this new InvestSource focus.
Newmont Mining Corporation (Holding Co) (NYSE: NEM) shares shed 1.56% Thursday
to finish off the day at $40.91 per share. Newmont reported record proven and
probable gold reserves of 92.4 million equity ounces for year-end 2004, based on
a gold price assumption of $350 per ounce. Commenting on the exploration
results, Chairman and Chief Executive Officer Wayne W. Murdy said, "In 2004, we
again exceeded our goal of replacing depletion through exploration and had
another year of reserve growth, adding 8.6 million equity ounces."
Crystallex International Corporation (AMEX: KRY) shares increased 2.95% at the
close of yesterdays market to finish off at $3.14 per share. Crystallex
International Corporation is engaged in the production of gold and related
activities, including exploration, development, mining and processing. It
conducts these activities primarily through mineral concessions that it owns or
controls in Venezuela.
Novagold Resources Incorporated (AMEX: NG) shares gained 1.52% on Thursday to
finish off at $8.00 per share with above average volume trading. NovaGold is a
natural resource company engaged in the exploration and development of gold
properties in North America. Since 1998, the Company has assembled a portfolio
of mineral properties in Alaska, British Columbia and the Yukon Territory.
Aber Diamond Corporation (NASDAQ: ABER) shares fell 1.18% yesterday, closing out
at a share price of $33.47. Aber Diamond Corporation is a diamond marketing
company whose major asset is a 40% interest in the Diavik group of mineral
claims, which is held by its wholly owned subsidiary, Aber Diamond Mines Ltd.
Diavik Diamond Mines Inc. (DDMI), a subsidiary of Rio Tinto plc, is the operator
of the Diavik Diamond Mine and holds the remaining 60% interest.
Thursday: The market reversed course, failing to extend three straight days of
gains, after mixed earnings reports and economic news became catalysts for
widespread consolidation. The Nasdaq was hit the hardest, losing -0.84%. The S&P
500 came in a distant second, falling -0.28% and the Dow barely fell at -0.03%.
Keep the Alerts On!
Were you able to get in on EKWX on December 9th of 2004? To find out how visit
the InvestSource homepage.
InvestSource has put a Money Alert on these companies. To understand what these
alerts mean go to investsource.us Also check out the InvestSource
performance page at investsource.us.gosynapse.com to
chart our impressive track record with clients.
ABOUT InvestSource:
INVESTSOURCE (www.investsource.us) has a sound record of delivering research
that helps companies and financial institutions stay abreast of current
situations with small/micro cap companies. InvestSource is known for reputable
work of direct relevance to financial innovation and development with our
clients. Our collaboration with the financial sector currently includes
sponsorship of major research programs in these growing opportunities.
All material herein was prepared by InvestSource based upon information believed
to be reliable. The information contained herein is not guaranteed by
InvestSource to be accurate, and should not be considered to be all-inclusive.
InvestSource's affiliates, officers, directors and employees may also have
bought or may buy the shares discussed in this opinion and may profit in the
event of a rise in value. InvestSource will not advise as to when it decides to
sell and does not and will not offer any opinion as to when others should sell;
each investor must make that decision based on his or her judgment of the
market.
The companies that are discussed in this opinion have not approved the
statements made in this opinion. This opinion contains forward-looking
statements that involve risks and uncertainties. This material is for
informational purposes only and should not be construed as an offer or
solicitation of an offer to buy or sell securities. InvestSource is not a
licensed broker, broker dealer, market maker, investment banker, investment
advisor, analyst or underwriter. InvestSource has been compensated 2,000,000
shares of EKWX stock from a third party of EKWX for services rendered. Please
consult a broker before purchasing or selling any securities mentioned herein.
If your company is looking to enhance its market awareness, find out about the
InvestSource "ICIRIS Model"! To view full disclaimers, go to www.investsource.us
(disclaimers).
InvestSource's affiliates, officers, directors and employees may also have
bought or may buy the shares discussed in this opinion and may profit in the
event of a rise in value. InvestSource will not advise as to when it decides to
sell and does not and will not offer any opinion as to when others should sell;
each investor must make that decision based on his or her judgment of the
market.
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PressWIRE. Data supplied by named party/parties. Further information on M2
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