By Kishori Krishnan Exclusive To Gold Investing News Gold miners are adding to their reserves. And fast. Given the strong metal prices, precious metal miners are using their cash flow from existing operations to pay for new acquisitions. Especially Vancouver-based miners, who are now aggressively pursuing growth projects. Most have realized one thing – that [...]
Continue reading "Gold Miners On The Hunt"
Thursday, April 16, 2009
Gold and copper miner Northgate Minerals Corp reported that it exceeded its quarterly gold production forecast, helped by higher-than-expected ore grades and metal recoveries at its Australia-based Kemess mine. For full story, click here
Continue reading "Northgate Minerals exceeds Q1 gold production forecast"
Friday, March 6, 2009
Northgate Minerals Corporation, which owns the Young-Davidson advanced gold exploration project in Matachewan has announced a net earnings of $18,668,000 or $0.02 per diluted common share for the fourth quarter of 2008. Company President and CEO Ken Stowe, said: At Young-Davidson, we are looking forward to completing a pre-feasibility study in the second quarter of [...]
Continue reading "Northgate reports net earnings of $18.6 million"
Monday, November 10, 2008
By Kishori Krishnan – Exclusive to Gold Investing News The results are daunting. Barack Obama’s victory in the U.S. presidential election and Democrat gains in Congress did not do much for the yellow metal. Gold declined in Asia on speculation that the move would speed the dollar’s recovery against the euro. The currency climbed against [...]
Continue reading "Dull market takes shine off gold"
Wednesday, November 5, 2008
Northgate Minerals Corp. sold part of its production for the highest price in its history. It sold 3,500 ounces at A$1180 an ounce. Peter MacPhail, the Canadian boss of the local operation, said: It’s a great day. Our best day ever, said MacPhail, noting that ingots containing 94% gold leave the mine and are shipped to [...]
Continue reading "Northgate sold 3,500 ounces of gold at A$1180 an ounce"
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Thursday, January 21, 2010