Gold News

Canadian equity access for High River Gold

An up-and-coming gold production company is looking forward to achieving access to Canadian equity markets, after inclusion in a leading index.

Unhedged gold company High River Gold was identified by Standard & Poor's Canadian Index Operations as a new addition to its S&P/TSX Composite Index, where shares in the firm will be traded from December 24th onward.

High River Gold has producing mines and mines under development, as well as advanced exploration projects in the vastly different locations of Burkina Faso and Russia, with new open-pit gold mines set to come into production in each.

Inclusion by Standard & Poor's is a big development for the firm, as the S&P/TSX Composite Index is the headline index and principal broad market measure for Canadian equity markets.

Gold production from High River's Taparko-Bouroum mine in Burkina Faso for 2008 is planned to reach 100,000 ounces, with increased access to equity markets expected to help the company boost production in coming years.

Another gold firm, Gold Eagle Mines, was also a new addition to the S&P/TSX Composite Index this week.

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