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Gold/Mining/Energy : NORTHGATE EXPLORATION NGX (TSE)

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From: NYBob1	1/2/2007 8:51:38 PM
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Northgate Minerals Corp. Gold and Copper mining company focused on operations and opportunities in the Americas. The Corporation's principal assets are the 300,000-ounce per year Kemess South mine in north-central British Columbia, the adjacent Kemess North deposit, which contains a Proven and Probable Reserve of 4.1 million ounces of gold and the Young-Davidson property in northern Ontario with a total resource base of 1.5 million ounces of gold. Northgate is listed on the Toronto Stock Exchange under the symbol NGX and on the American Stock Exchange under the symbol NXG. northgateminerals.com northgateminerals.com Northgate is now widely recognized as one of the finest operators in the global mining business. This reputation is based on the Corporation's outstanding track record of delivering on its promises. Over the past six years, a dedicated and knowledgeable workforce has transformed Kemess into one of the most efficient open pit mines in the world. In 2005, exceptional operating performance at Kemess combined with a strong metal price environment, produced record earnings of $33 million and record cash flow of almost $66 million. As the Corporation moves forward into 2006 and beyond, the culture of operational excellence that exists within Northgate will provide a solid foundation for growth in pursuit of the Corporation's vision of becoming a larger, multi-mine gold producer. Our 2005 Accomplishments included: * Production of 280,000 ounces of gold at a cash cost of $205 per ounce, which is well below the industry average. * Generating strong cash flow and earnings. * Elimination of our long-term debt and dramatically cutting the size of our gold hedge book. * Acquisition of 1.5 million ounces of resources at Young-Davidson. * Discovery of the fault offset of the Kemess North deposit . * Submission of the Environmental Impact Assessment Report for the development of Kemess North to the Joint Review Panel. Our Plans for 2006 include: * Production of 320,000 ounces of gold and 84.6 million pounds of copper. * Completion of another significant corporate acquisition or merger. * Exploration of the highly prospective Young-Davidson claims in Ontario with the goal of increasing the size and geologic certainty of the resource base. * Completion of the permitting of Kemess North and making a development decision on the project. nortgateminerals.com investorshub.com

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