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SAMM Strategas Macro Momentum ETF

25.0068
0.1443 (0.58%)
03 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Strategas Macro Momentum ETF AMEX:SAMM AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.1443 0.58% 25.0068 25.00 24.75 24.75 1,488 01:00:00

South American Minerals, Inc. Gold Production and Sales Receipts for Three Months Ending March 31, 2007 Increased Marketedly

25/04/2007 4:17pm

PR Newswire (US)


Strategas Macro Momentum... (AMEX:SAMM)
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NEW YORK, and GEORGETOWN, Guyana, April 25 /PRNewswire-FirstCall/ -- SOUTH AMERICAN MINERALS, INC. (OTC Pink Sheets: SAMM) announced gold production in Guyana, South America by the company and Cuyuni River Venture No. 1, LLC in which SAMM's wholly owed subsidiary, North American Resources, Ltd. (NARIL) holds a 65% interest, totaled 1,410 ounces during the period January 1, 2007 through March 31, 2007. This compared with a total of 740 ounces produced during the same period in 2006. Sales receipts for the gold totaled $797,000 in 2007 compared with $358,000 for the same period in 2006. Production for 2007 was achieved by 3 hydraulic suction dredges of which 2 dredges were owned by the joint venture and operated by NARIL. In addition to its interest in the joint venture, the Company itself owns two additional dredges of which one is currently in operation. Except for the historical information herein, certain matters discussed in this release include forward looking statements that may involve a number of risks and uncertainties, which projections and statements are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual risks may vary significantly based on a number of factors, including but not limited to: risks in production relating to weather and the prices of fuel and gold on the world market. DATASOURCE: South American Minerals, Inc. CONTACT: Saul Horing, President, of South American Minerals, Inc., +1-212-668-0842, or fax, +1-212-344-4537 Web site: http://www.southamericanminerals.com/

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