From the company's website:
Northgate is a gold and copper mining company focussed on operations and opportunities in North and South America. Our principal assets are the Kemess South mine in north-central British Columbia, which produces 290,000 ounces of gold and 75 million pounds of copper per year and the adjacent Kemess North project, which is currently the subject of a feasibility study.
Our Goal is to enhance shareholder value. Our three part strategy in pursuit of this goal is:
To continue to improve operations and lower operating costs at the Kemess South mine and milling complex.
To add reserves at Kemess through exploration and development at Kemess North and other nearby properties.
Actively seek out and review additional exploration and development opportunities.
Northgate reported their results for 4th Q 03 on 2/26/04. Their feasibility study for Kemess North will be completed by the end of 1st Q 04. To steal a phrase from Sprott's John Embry the company is mining a "2nd class ore body". That said, NXG management appear to be very good at running their business.
I've started this thread more as a repository for my thoughts on this company, but I welcome other contributions. |
