NXG - FIRST Q.s HIGHLIGHTS - takeovertarget? -
Ex....
* Production of 68,110 ounces of gold and 17.7 million
pounds of copper.
* A net cash cost of gold production of $28 per ounce.
* The addition of 175,000 ounces of gold to reserves at
Kemess South, extending the mine-life by one year
until the fourth quarter of 2010 etc.etc.
* Continuing positive drill results at Young-Davidson
combined with significant progress on the exploration ramp
and shaft dewatering.
* The Kemess South mine was the safest metal mine in
British Columbia during the first quarter of 2007 -
and one of the largest Gold producers -
Kemess South Mine Performance
The Kemess South mine -
posted gold and copper production of 68,110 ounces
and 17.7 million pounds, respectively,
in the first quarter of 2007.
Mill availability and mill throughput during the first quarter
of 2007 were consistent with performance in the same period
last year at 91% and 48,238 tonnes per day, respectively -
The net cash cost of production at Kemess
in the first quarter was $28 per ounce of gold .
Financial Performance
Northgate’s revenue in the first quarter of 2007
was $74,313,000 .
Metal sales in the first quarter of 2007 consisted
of 66,480 ounces of gold and 17.3 million pounds of copper,
During the first quarter of 2007, the price of gold
on the London Bullion Market averaged $650 per ounce
and the price of copper on the London Metal Exchange (LME)
averaged $2.69.
The net realized metal prices received on sales
in the first quarter of 2007 were approximately
$579 per ounce of gold and $3.03 per pound of copper.
In the first quarter of 2007,
the Corporation reduced its gold forward sales position by
30,000 ounces.
The cost of sales in the first quarter of 2007
was $46,986,000, which was lower than the corresponding
period last year when the cost of sales was $48,170,000.
Administrative and general expenses of $2,128,000 in
the first quarter of 2007 were lower than the $3,135,000
figure recorded in the comparable period of 2006 costs.
Net interest income increased substantially to $3,236,000
for the three months ended March 31, 2007 compared to an
expense of $25,000 in the corresponding quarter of 2006.
Bottom Line....
The dramatic increase in interest income was the result
of substantial increases in the Corporation’s cash position
due to strong operating cash flow which brought
$99,998,000 into Northgate’s treasury.
NXG you know - no one makes Au better or to lower price? -
Speculation in recent days has suggested ....
$6 price target for NGX -
(still only 1/3 of my target?)
Northgate Minerals Corp. (NGX : TSX)
Estimates upped on new gold & copper prices
Blackmont Capital maintains "buy",
12-month target price is raised to $6.00 -
Imo. Tia.
888c.com
God Bless
investorshub.com
investorshub.com
siliconinvestor.com
investorshub.com
Ps.
Its aproblem with fiatz we know -
we don't no know when all fiatz will be hit? -
but when it start -
EX.
With inflation at officially more than 3,700%
(some economists put it as high as 9,000%),
supermarkets are unwilling to comply,
so a price-control unit has been trying -
to enforce it -
news.bbc.co.uk
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