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Gold/Mining/Energy : Northgate Exploration Limited - TSX: NGX; AMEX: NXG
NXG 50.72+1.3%Nov 3 3:59 PM EST

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To: Northern Marlin who wrote (53)8/19/2004 9:50:29 PM
From: D. K. G.   of 148
 
12:03PM Small Cap Profile - Northgate Minerals (NXG) 1.68 +0.06: Gold stocks are making a strong run today (GSS +9.1%, CDE +6.0%, NEM +4.0%, ABX +3.8%). A small cap player in the group is Northgate Minerals, a gold and copper mining company focused on the Americas. Its principal asset is the 300,000-ounce per year Kemess mine in north-central British Columbia... Operations at the co appear to be improving. In Q2, the net cash cost of gold production at the Kemess mine dropped to $129 per ounce, the lowest in the history of the mine. Also, Northgate's cash reserves increased by $18 mln in Q2 as a result of strong operating cash flow and a return to normal concentrate inventory levels. Overall Q2 revs nearly doubled yoy to $50 mln... NXG is a small cap stock ($338 mln) with decent average volume (612K) that has been showing good operational performance, but is flying under the radar screen.

finance.yahoo.com
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