Western Goldfields to be Added to S&P/TSX Global Gold Index and Global Mining Index
December 20 2007 - 7:30AM
PR Newswire (US)
TORONTO, Dec. 20 /PRNewswire-FirstCall/ -- Western Goldfields Inc.
(TSX:WGI, AMEX:WGW) is pleased to report that Standard & Poor's
Index Operations has announced Western Goldfields will be included
in the S&P/TSX Global Gold Index and Global Mining Index
effective as at the open on Monday, December 24, 2007. The
S&P/TSX Global Gold Index and Global Mining Index are leading
benchmarks of global gold and mining industry sectors. "This
represents another important milestone in our corporate development
as we seek to grow our business and to create greater liquidity for
our shareholders," said Mr. Randall Oliphant, Chairman, Western
Goldfields. Western Goldfields Inc. ----------------------- Western
Goldfields is a gold producer focused on completing the expansion
of its Mesquite Mine, located in Imperial County, California, and
returning the mine to full production in January 2008. With
estimated 2008 production of between 155,000-165,000 ounces, the
Company is the only multi-million ounce US gold reserve not
controlled by a major gold company. Western Goldfields common
shares trade on the Toronto Stock Exchange under the symbol WGI,
and on the American Stock Exchange under the symbol WGW. For
further details, please visit http://www.westerngoldfields.com/.
Forward-Looking Information --------------------------- Certain
statements contained in this news release and subsequent oral
statements made by and on behalf of the Company may contain
forward-looking information within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and similar
Canadian legislation. Such forward-looking statements are
identified by words such as "intends", "anticipates", "believes",
"expects", and "hopes" and include, without limitation, statements
regarding the Company's plan of business operations, timing and
costs to recommence commercial production. There can be no
assurance that such statements will prove to be accurate; actual
results and future events could differ materially from such
statements. Factors that could cause actual results to differ
materially include, among others, the uncertainties involved in
interpreting drilling results and those set forth in the Company's
Annual Report on Form 10-KSB for the year ended December 31, 2006
filed with the U.S. Securities and Exchange Commission, under the
caption, "Risk Factors". Most of these factors are outside the
control of the Company. Investors are cautioned not to put undue
reliance on forward-looking statements. Except as otherwise
required by applicable securities statutes or regulation, the
Company disclaims any intent or obligation to update publicly these
forward-looking statements, whether as a result of new information,
future events or otherwise. DATASOURCE: Western Goldfields Inc.
CONTACT: Raymond Threlkeld, President and Chief Executive Officer,
(416) 324-6005, ; Julie Taylor Pantziris, Director, Regulatory
Affairs and Investor Relations, (416) 324-6015,
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