Wall Street News Alert's "stocks to watch" this morning are: VIPR
Industries Inc. (PINKSHEETS: VIPR), YAMANA GOLD INC. (NYSE: AUY),
GOLDCORP INC. (NYSE: GG) and Agnico-Eagle Mines Limited (NYSE:
AEM).
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VIPR Industries Inc. (PINKSHEETS: VIPR) has just issued
additional important news, and investors are going to want to
monitor the stock closely this morning! Yesterday, the company, a
precious metals exploration and development company, issued a press
release announcing that certified accounting and audit firm
Chisholm Bierwolf & Nilson CPA has completed its audit of
VIPR's 2006 and 2007 financial statements.
This is great news for the company and its investors, as
according to the press release, completing the audit is a critical
milestone in VIPR's preparations to become a fully reporting issuer
trading on the OTC Bulletin Board. The Company has also initiated
efforts to draft a registration statement for submission to the
Securities and Exchange Commission. Mr. Mike Gerstner, President
& CEO of VIPR Industries, commented: "At VIPR Industries we are
fully committed to corporate integrity and transparency. We are
working to elevate our listing from the Pink Sheets to the OTCBB,
holding ourselves to higher standards of financial reporting and
shareholder communication. We believe moving to a higher exchange
will enhance VIPR's ability to raise awareness in the investment
community, increase our access to capital and provide detailed
disclosure for the benefit of current and potential
shareholders."
The press release states that as announced, VIPR has completed
the acquisition of its Singida Gold Property located directly
adjacent to and along strike from Shanta Gold Limited's Singida
Project where Shanta has identified an indicated resource of
543,000 ounces of gold valued at an estimated $500 million. VIPR
has also closed the acquisition of the Itigi Manyoni Uranium
Property where airborne radiometric surveys have identified uranium
anomalies indicating strong potential for significant uranium
mineralization.
A substantial increase in mineral output led by gold along with
a rise in industrial production has created long-term growth in
Tanzania. The east African country achieved real GDP growth of 7.3%
in 2007, up from growth of 6.7% in 2006 (Oxford Economic Country
Briefings, May 21, 2008). Tanzania features a stable government,
favorable investment policies and mineral-rich geology.
Investors are urged to continue to monitor the progress of the
company!
The stock closed Tuesday at Sixty Six cents a share.
For a recent Wall Street News Alert's in-depth profile of VIPR
Industries Inc., visit
http://www.WallStreetNewsAlert.com/HotStocks/VIPR080408/default.aspx.
YAMANA GOLD INC. (NYSE: AUY) down 6% ON 18.2 million shares
traded.
Yamana is a Canadian-based gold producer with significant gold
production, gold development stage properties, exploration
properties, and land positions in Brazil, Argentina, Chile, Mexico,
Central America and the United States. Yamana is producing gold and
other precious metals at intermediate company production levels in
addition to significant copper production.
GOLDCORP INC. (NYSE: GG) down 7.6% on 15.1 million shares
traded.
Goldcorp is the lowest-cost and fastest growing multi-million
ounce gold producer with operations throughout the Americas. Its
gold production remains 100% unhedged.
Agnico-Eagle Mines Limited (NYSE: AEM) down 6.7% on 4.4 million
shares traded.
Agnico-Eagle is a long established Canadian gold producer with
operations located in Quebec and exploration and development
activities in Canada, Finland, Mexico and the United States.
Agnico-Eagle's LaRonde Mine is Canada's largest gold deposit in
terms of reserves.
Market Commentary:
"Relief at the pump: A gallon of regular gasoline on average
fell another penny overnight to $3.871, according to auto club AAA,
the Oil Price Information Service and Wright Express. Gas prices
have fallen four straight weeks for the first time since December,"
stated Sonja Rudd in Wall Street News Alert's daily commentary
continued at: http://www.WallStreetNewsAlert.com.
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