HALIFAX, Dec. 3 /PRNewswire-FirstCall/ --
Gammon Gold Inc. ("Gammon") (TSX:GAM and NYSE:GRS): advises that a new Investor Presentation for use at the Scotia Capital Precious Metals Conference, has been posted on the Company's corporate website and can be accessed through the following link: http://www.gammongold.com/library/presentations/Gammon%20Presentation%20Dec%20 2008%20FINAL.pdf.
Additionally, Gammon's presentation at the Scotia Capital Precious Metals Conference will be webcast on Wednesday, December 3 at 11:30 a.m. Eastern Standard Time and can be accessed through the following link:
http://webcast.streamlogics.com/audience/index.asp?eventid=50181215.
The presentation provides an update on our activities that should clearly demonstrate that with Phase I of the Ocampo mill expansion now fully commissioned, which has increased capacity to between 2,400 and 2,600 tonnes per day, combined with our commitment to being internally funded in all areas of our operations, that we are sufficiently funded to deliver on our business model in the coming quarters.
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 # 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 statements included herein, including information as to the future financial or operating performance of the Company, its subsidiaries and its projects, constitute forward-looking statements. The words "believe", "expect", "anticipate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "forecast", "may", "will", "schedule" and similar expressions identify forward-looking statements. Forward-looking statements include, among other things, statements regarding targets, estimates and assumptions in respect of gold and silver production and prices, operating costs, results and capital expenditures, mineral reserves and mineral resources and anticipated grades, recovery rates, future financial or operating performance, margins, operating and exploration expenditures, costs and timing of the development of new deposits, costs and timing of construction, costs and timing of future exploration and reclamations expenses. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Such factors include, among others, known and unknown uncertainties and risks relating to additional funding requirements, reserve and resource estimates, commodity prices, hedging activities, exploration, development and operating risks, illegal miners, political and foreign risk, uninsurable risks, competition, limited mining operations, production risks, environmental regulation and liability, government regulation, currency fluctuations, recent losses and write-downs, restrictions in the Company's loan facility, dependence on key employees, possible variations of ore grade or recovery rates, failure of plant, equipment or process to operate as anticipated, accidents and labour disputes. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.
DATASOURCE: GAMMON GOLD INC.
CONTACT: please visit http://www.gammongold.com/ or contact: Rene Marion, Chief
Executive Officer, Gammon Gold Inc., (902) 468-0614; Anne Day, Director of
Investor Relations, Gammon Gold Inc., (902) 468-0614