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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: kayco who wrote (65912)	6/25/2009 9:08:40 PM
From: loantech	Respond to of 78411

NXG producing 400,000 ounces of gold per year and people ignore it while it is throwing off a lot of cash. <First Quarter 2009 Highlights Consolidated production of 107,477 ounces of gold, which represents a 22% increase from the prior year and exceeds the first quarter production forecast. Average net cash cost of production was $392 per ounce of gold , which was approximately 20% lower than guidance. Made substantial progress on the pre-feasibility study work at Young-Davidson, where the mine plan is being redesigned around the new larger 3.3 million ounce measured and indicated gold resource, using low cost bulk mining methods to reduce operating costs and increase annual production.Began commissioning the heated leach circuit at the Fosterville mine. > <Northgate Minerals Corporation (TSX: NGX; NYSE Amex: NXG) today reported net earnings of $21,410,000 or $0.08 per diluted common share and cash flow from operations of $45,202,000 or $0.18 per diluted common share for the first quarter of 2009.>