Message #7 From:
Stock News Bot Date: January 12, 2007 08:08:00 AM
AUY News Yamana Gold Inc. Celebrates its Transfer from Amex to the NYSE
NEW YORK--(BUSINESS WIRE)--Today, NYSE Group, Inc. (NYSE:NYX), welcomed Yamana Gold Inc.
(NYSE:AUY), a transfer from the American Stock Exchange and a global
leader in the production and exploration of gold and copper-gold
development properties, to the world’s leading
equity market.
Yamana Gold Inc.’s listing positions the
company among NYSE-listed leaders in the gold mining industry: Barrick
Gold Corporation (NYSE: ABX), Goldcorp Inc. (NYSE: GG), AngloGold
Ashanti Limited (NYSE: AU), Gold Fields Limited (NYSE: GFI) and Harmony
Gold Mining Company Limited (NYSE: HMY).
“We are proud to welcome Yamana Gold Inc. to
our family of listed companies,” said NYSE
Group, Inc. President & co-COO Catherine R. Kinney. “Yamana
Gold is an outstanding addition to the 83 leading Canadian companies
listed on the NYSE. We look forward to our partnership with the company
and to providing them with the superior market quality and unsurpassed
brand visibility that issuers from around the world have come to expect
from listing on the New York Stock Exchange.”
“We are very pleased to be listed on the NYSE,
the pre-eminent stock exchange in the world,”
said Yamana Gold Inc. President & CEO Peter Marrone. “Yamana
has experienced tremendous growth over the last few years and for us to
qualify for listing on this premier exchange further validates how we
have grown into the leading intermediate gold producer.”
Yamana Gold Inc. marks the first non-U.S. listing and transfer to NYSE
Group, Inc. year-to-date.
To celebrate this special occasion, Yamana Gold Inc. President & CEO
Peter Marrone rang today’s Opening Bell.
About Yamana Gold Inc.
Yamana is a Canadian gold producer with significant gold and copper-gold
production, gold development stage properties, exploration properties,
and land positions in Brazil, Argentina and Central America. Yamana
expects to produce gold at intermediate company production levels in
2007 in addition to significant copper production. Company management
plans to continue to build on this base through the advancement of its
exploration properties and by targeting other gold consolidation
opportunities in Brazil, Argentina and elsewhere in Latin America.
About NYSE Group, Inc
NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New
York Stock Exchange LLC (the “NYSE”)
and NYSE Arca, Inc. (formerly known as the Pacific Exchange). NYSE Group
is a leading provider of securities listing, trading and market data
products and services. In 2006, on an average trading day, 2.3 billion
shares, valued at $86.8 billion, were traded on the exchanges of the
NYSE Group.
The NYSE is the world’s largest and most
liquid cash equities exchange. The NYSE provides a reliable, orderly,
liquid and efficient marketplace where investors buy and sell listed
companies’ common stock and other securities.
On December 31, 2006, the operating companies listed on the NYSE
represented a total global market capitalization of $25.0 trillion.
NYSE Arca, Inc. operates the former ArcaEx®,
the first open, all-electronic stock exchange in the United States,
which has a leading position in trading exchange-traded funds and
exchange-listed securities. NYSE Arca, Inc. is also an exchange for
trading equity options. NYSE Arca, Inc.’s
trading platforms provide customers with fast electronic execution and
open, direct and anonymous market access.
NYSE Regulation, an independent not-for-profit subsidiary, regulates
member organizations through the enforcement of marketplace rules and
federal securities laws. NYSE Regulation also ensures that companies
listed on the NYSE and NYSE Arca meet their financial and corporate
governance listing standards.
For more information on NYSE Group, go to: www.nyse.com.
Certain statements in this release may contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are based on NYSE Group’s
current expectations and involve risks and uncertainties that could
cause NYSE Group’s actual results to differ
materially from those set forth in the statements. There can be no
assurance that such expectations will prove to be correct. Actual
results may differ materially from those expressed or implied in the
forward-looking statements. Factors that could cause NYSE Group’s
results to differ materially from current expectations include, but are
not limited to: NYSE Group’s ability to
implement its strategic initiatives, economic, political and market
conditions and fluctuations, government and industry regulation,
interest rate risk and U.S. and global competition, and other factors
detailed in NYSE Group’s Annual Report on
Form 10-K and other periodic reports filed with the U.S. Securities and
Exchange Commission. In addition, these statements are based on a number
of assumptions that are subject to change. Accordingly, actual results
may be materially higher or lower than those projected. The inclusion of
such projections herein should not be regarded as a representation by
NYSE Group that the projections will prove to be correct. NYSE Group
undertakes no obligation to release any revisions to any forward-looking
statements.