High River Gold Mines Ltd.

High River Gold Mines Ltd.

December 17, 2007 11:05 ET

High River Gold to Be Added to S&P/TSX Composite Index

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2007) - High River Gold Mines Ltd. ("High River" or the "Company") (TSX:HRG) is pleased to report that Standard & Poor's Canadian Index Operations has announced that High River will be included in the S&P/TSX Composite Index effective as at the open on December 24, 2007.

The S&P/TSX Composite Index is the headline index and the principal broad market measure for the Canadian equity markets.

For the Standard & Poor's press release outlining High River's addition to their index, please follow the link below:


About High River

High River is an unhedged gold company with producing mines, mines under development, and advanced exploration projects in Burkina Faso and Russia. High River is bringing two new open-pit gold mines into production. The Taparko-Bouroum Gold Mine in Burkina Faso achieved commercial production in September 2007, and the Berezitovy Gold Mine in Russia is expected to achieve commercial production shortly. Gold production from Taparko-Bouroum for 2008 is planned at 100,000 ounces increasing to approximately 140,000 ounces in 2009 and the following years, and annual gold production from Berezitovy is expected to exceed 100,000 ounces. Combined with gold production from two producing underground mines in Russia, the Zun-Holba Mine and the Irokinda Mine, High River's attributable unhedged gold production is expected to exceed 300,000 ounces in 2008. In addition, the Company has two advanced exploration projects, the Bissa Gold Project in Burkina Faso and the world-class Prognoz Silver Project in Russia. These projects are expected to significantly add to the Company's production profile in the future.

Forward Looking Statements - This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected. Risk and uncertainties about the Company's business are more fully discussed in the Management's Discussion and Analysis published in the Company's Annual Report and in the Annual Information Form.

Contact Information

  • High River Gold Mines Ltd.
    Dan Hrushewsky
    Vice President Investor Relations
    (416) 947-1440
    (416) 360-0010 (FAX)
    Email: info@hrg.ca
    Website: www.hrg.ca