International Minerals to be Included in Swiss Performance Index (SPI) on Swiss Stock Exchange.
IMZ is currently the only precious metal mining company listed on the Swiss Stock Exchange and the first ever gold company to be included in the SPI. In addition, IMZ is one of only 11 foreign companies listed on the SPI.
With the addition of IMZ, the SPI will comprise 228 companies with a recent total market capitalization of approximately CHF832 billion (US$778 billion), led by the world-renowned companies Nestle, Novartis and Roche. IMZ estimates that it will be ranked in the top 40% of companies in the SPI with a weighting of approximately 0.04%.
Inclusion in the SPI is expected to increase IMZ exposure in Switzerland and to open doors to Swiss funds and investors that can only purchase companies that are listed in the SPI.
The next official SPI adjustment date will be the third week of September, when the updated weightings (based on market value, turnover and free float) will be issued by the SIX. The SPI Total Return trading symbol is SXGE while the SPI Price's symbol is SPIX.
Further information about the SPI is available at:
About the Company
The Company has been listed on the SIX since 2002 and the Toronto Stock Exchange since 1994. IMZ is a silver-gold producer and explorer with growing low-cost silver production and reserves from its 40%-owned Pallancata Mine in Peru, one of the top-10 primary silver mines in the world. IMZ has projects in Peru and Ecuador, including the Rio Blanco gold-silver underground project and the Gaby gold project, both in Ecuador. The Company has a solid balance sheet with approximately US$45 million in cash.
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|Date:||Aug 19, 2009|
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