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.