SOURCE: Stock Market Alerts

September 09, 2009 08:37 ET

Breaking Market News: China Armco Metals - September 9, 2009

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts LLC.

MIAMI, FL--(Marketwire - September 9, 2009) - Stock Market Alerts' performance stock list includes: China Armco Metals, Inc. (OTCBB: CNAM), YAMANA GOLD INC. (NYSE: AUY) and Northgate Minerals Corporation (NYSE: NXG).

Breaking News: China Armco Metals, Inc. (OTCBB: CNAM) completes contract to supply iron ore valued approximately $8 Million in the Third Quarter of 2009. This morning the company, a distributor of imported metal ore with plans to launch a new state of the art scrap metal recycling facility in China, issued a press release announcing that Armco & Metawise, Ltd. the Company's wholly owned subsidiary, has completed delivery of iron ore to a China based steel company pursuant to a contract that will generate sales of approximately $8 million in the third quarter of 2009.

Commenting on the contract, Mr. Kexuan Yao, CEO and Chairman of China Armco Metals, Inc., stated, "We are extremely pleased with the strong sales efforts we have made in the third quarter. We worked diligently with this new customer to deliver this order and hope to secure additional orders in the future. Expanding our customer base is critical as we build for future growth and we expect our sales efforts will continue to gain momentum in the coming months."

The stock closed yesterday at $2.65 cents a share.

For an in-depth profile of China Armco Metals, visit http://www.wallstreetenews.com/view-company-profiles.php?profile=CNAM_080909.


YAMANA GOLD INC. (NYSE: AUY) down 1.2% on 30.2 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 and Mexico.

Northgate Minerals Corporation (NYSE: NXG) up 1.1% on 4.7 million shares traded. Northgate Minerals Corporation is a gold and copper producer with mining operations, development projects and exploration properties in Canada and Australia.

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