SOURCE: Wall Street News Alert

Wall Street News Alert

June 04, 2008 09:48 ET

Wall Street News Alert: Breaking News Alert - GYGC! June 4, 2008

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - June 4, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Guyana Gold Corp. (PINKSHEETS: GYGC), Agnico-Eagle Mines Limited (NYSE: AEM), Newmont Mining Corporation (NYSE: NEM) and Hecla Mining Company (NYSE: HL).

Having announced last month that it is raising $500,000 for operations in Guyana (see details below), it seems Guyana Gold Corp. (PINKSHEETS: GYGC) is on the move, and the company should have the attention of investors this morning. Yesterday, the company, a junior mineral exploration company, issued a press release announcing the purchases of underground mining equipment made by Octagon Mining Corp., which Guyana Gold is in a joint venture with.

This is good news for the company, as the press release states that this new equipment will increase gold production by approximately 150 ounces a month for a total production of over an estimated 250 ounces per month. Guyana Gold Corp. President Eduard Aronov, said, " Our investors and shareholders should be as pleased as I am with this new equipment. It will bring our production up 150% within the next 30 days."

Last month, the company reported that it is in the process of completing a non-brokered private placement, subject to market and other conditions, of a $500,000 USD aggregate principal amount of its common stock at $0.50 USD per share for a total of 1,000,000 shares. The company does not anticipate paying a finder's fee in connection with this offering, which is expected to close by mid-June 2008.

The proceeds of this offering will be used to fund the Company's operations in Guyana, including, but not limited to, the company's drilling and exploration program, purchasing additional mining properties, entering into joint ventures, increasing production, and sampling.

In other recent news, the company reported last month that it has initiated the process of co-listing the company's shares on the Frankfurt Stock Exchange. The process is expected to take approximately 2-3 weeks. There are a substantial number of junior resource and energy companies in North America that have chosen to co-list their companies on the Frankfurt Exchange to help increase their exposure and accelerate their business plans and Guyana Gold Corp's management believes it may garner similar attention.

Guyana Gold Corp. President Eduard Aronov, said, "The Frankfurt Exchange should have a major impact on the company's ability to raise capital and to gain new institutional and private shareholders. In our opinion, the European market has a large appetite for the North American junior resource companies and we feel that the time is right to expand into this market."

Investors are urged to watch this company closely!

The stock closed Tuesday at Thirty Nine cents a share.

For an in-depth profile of Guyana Gold Corp., visit

In case you are not familiar with company: Guyana Gold Corp. is a junior mineral exploration company that specializes in identifying, acquiring and developing precious and base metal properties as well as assessing whether certain claims possess exploitable commercial and precious mineral reserves. The Company's objective is to develop a balanced global portfolio of early-to-advanced stage projects. Guyana is currently focused on gold projects in the Caribbean. In Guyana, the Company's key mineral project is located in the region of Port Kaituma.

Agnico-Eagle Mines Limited (NYSE: AEM) down 3.2% on 2.1 million shares traded.

Agnico-Eagle is a long established Canadian gold producer with operations located in Quebec and exploration and development activities in Canada, Finland, Mexico and the United States.

Newmont Mining Corporation (NYSE: NEM) down 1.6% on 4.6 million shares traded.

Newmont is one of the world's leading gold companies . Headquartered in Denver, Colorado, the company employs approximately 15,000 people, the majority of whom work at Newmont's mines sites in the United States, Australia, Peru, Indonesia , Bolivia, New Zealand and Mexico.

Hecla Mining Company (NYSE: HL) down 4.1% on 3.5 million shares traded.

Hecla Mining Company, headquartered in Coeur d'Alene, Idaho, mines, processes and explores for silver and gold in the United States, Venezuela and Mexico. A 117-year-old company, Hecla has long been well known in the mining world and financial markets as a quality producer of silver and gold.

Market Commentary:

"The Commerce Department reported that new orders at U.S. factories rose 1.1 percent in April, well above the 0.1 percent decrease economists had forecast," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. For current services performed for Guyana Gold Corp. (PINKSHEETS: GYGC), WSCF has been compensated Four Hundred Thousand shares of Guyana Gold Corp, by a third party (Nikolas Capital Inc.), who is non-affiliated and may hold a significant position in the stock. WSCF holds all of those shares as of this release, but intends to immediately begin selling its shares as this release is being circulated. WSCF was also previously compensated in 2008, Ten Thousand Dollars for services performed for Guyana Gold Corp. (PINKSHEETS: GYGC), by a separate third party, who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.

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