Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: 4figureau who wrote (3019)	1/29/2003 11:49:46 AM
From: Elizabeth Andrews	Respond to of 5423

Toronto, February 21, 2002 (TSE:HRG) - High River Gold Mines Ltd. is pleased to announce that Sprott Securities Inc. (lead) and Dundee Securities Corporation, as agents, have completed the sale, by way of private placement, of 11,160,556 units of the Company for gross proceeds of $10,076,500. Each unit consists of one common share and one half of one common share purchase warrant. Each whole warrant is exercisable for one share of the common stock of the Company for $1.20 for a period of twelve months from the date of the closing of the private placement.

To: 4figureau who wrote (3019)	1/29/2003 11:53:01 AM
From: Elizabeth Andrews	Read Replies (1) \| Respond to of 5423

Northgate forecasts gold production of 294,000 ounces in 2003 from its Kemess South mine, up 4% from the record 282,000 ounces of gold produced during 2002. The cash cost of production in 2003, net of by-product credits, is forecast to be $196 per ounce, approximately $7 per ounce lower than the $203 per ounce cash cost achieved during 2002 and consistent with the $192 per ounce cash cost achieved in the fourth quarter. Mill production during 2003 is forecast to average 50,275 tonnes per day with the mill operating at 90% availability as it has for each month during the second half of 2002. Northgate is proceeding to the pre-feasibility stage at Kemess North early in 2003 and expects to complete a detailed feasibility study by the end of 2003. Northgate will invest between $1 – 2 million in exploration within the Kemess Camp during 2003.