El Cubo

Gammon (NYSE:GRS) Earnings Rise on Increased Gold Prices and Production

Higher gold prices continue to be the story for most gold miners during the earnings reporting season, and Gammon Gold (NYSE:GRS) (TSE:GAM) also had earnings increases from higher gold prices, and from higher production as well. Earnings from the quarter rose to $11.4 million, or 8 cents a share, an increase over the $3.4 million, or 3 cents a share last year in the same period. Revenue for the

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Gammon Gold (AMEX:GRS) a Contender or Pretender?

How long can the narrative of potential be applied to Gammon Gold (NYSE:GRS)? It’s not an easy question to answer, but the beating it’s been taking lately shows investors aren’t believing the story anymore, especially after completely shutting down their El Cubo mine from labor unrest.Consequently, whether you use Toronto or New York as a measure, the stock has been hit hard and at similar levels

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Gammon Gold (NYSE:GRS) Reduces Production Projections Again

Gammon Gold (NYSE:GRS) is taking a big hit on its production estimates for 2010, as closing the El Cubo project will result in approximately 25 percent less production for the company overall. This is the second time in 2010 Gammon has had to downwardly revise their production estimates. Before the turmoil, the mining company had estimated it would produce from 150,000 to 160,000 ounces of gold

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Gammon Gold (NYSE:GRS) Fires Almost 400 in Mexico

Gammon Gold (NYSE:GRS) fired 397 low-producing union workers at its El Cubo mine in Mexico, while also filing criminal charges against seven union leaders.Gammon has also suspended operations at the mine indefinitely until the consider which options it wants to take next.Usual attempts from union members like those here to shake down the company, in this case – illegally, caused the decision to

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