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Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5
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To: GARY P GROBBEL who wrote (29033)1/27/2005 11:11:37 AM
From: D. K. G.  Read Replies (1) of 120415
 
check out NXG for another minning play
 
Northgate Minerals Corporation, formerly Northgate Exploration Limited, is a gold and copper mining company focused on operations and opportunities in North and South America. The Company's principal assets are the Kemess South mine in north-central British Columbia, which produces approximately 300,000 ounces of gold and 75 million pounds of copper per year and the adjacent Kemess North project, which is the subject of a feasibility study. Northgate is also focusing its activities on properties surrounding the Kemess camp, including the Brenda property, the Hyland Gold property, the Nugget Zone and the Duncan Ridge.


 
For the nine months ended 9/30/04, revenues increased 46% to $137.8 million. Net income increased from $1.2 million to $19.1 million. Revenues reflect increased prices for gold and copper. Earnings also benefitted from decreased operating costs, and lower exploration expenses.
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