Aufs Jahr gerechnet ergibt das ein KCV von 5 für den Gold- Kupferproduzenten.
Third Quarter 2009 Highlights
- Generated excellent cash flow from operations of $50.5 million or
$0.20 per share, for a year-to-date total of $145.7 million
- Reported adjusted net earnings of $7.7 million or $0.03 per share
- Produced 80,791 ounces of gold and 11.9 million pounds of copper at
an average net cash cost of $539 per ounce of gold
- Sold 85,397 ounces of gold at a realized price of $982 per ounce and
12.8 million pounds of copper at a realized price of $3.39 per pound
- Successfully completed an equity offering for net proceeds of $88.5
million to fund the development of the Young-Davidson mine
- Northgate's cash balance at the end of the third quarter 2009 was
$235.9 million
- Successful organic growth at Northgate's operations:
- Discovered a significant extension of mineralization at
Fosterville, confirming that the Phoenix fault system continues
down plunge
- Discovered a new gold zone located 300 metres (m) east of current
reserves at Young-Davidson. The new zone is completely open down
dip. In addition to this discovery, Northgate also reported drill
results for 29 shallow diamond drill holes located in and around
historic mine workings immediately east of current reserves, which
have the potential to add to the 2.8 million ounces of reserves
already on the property
- Identified approximately 870,000 tonnes of additional mineral
reserves containing 93,000 ounces at Stawell, extending the mine-
life until Q2-2012
Third Quarter 2009 Highlights
- Generated excellent cash flow from operations of $50.5 million or
$0.20 per share, for a year-to-date total of $145.7 million
- Reported adjusted net earnings of $7.7 million or $0.03 per share
- Produced 80,791 ounces of gold and 11.9 million pounds of copper at
an average net cash cost of $539 per ounce of gold
- Sold 85,397 ounces of gold at a realized price of $982 per ounce and
12.8 million pounds of copper at a realized price of $3.39 per pound
- Successfully completed an equity offering for net proceeds of $88.5
million to fund the development of the Young-Davidson mine
- Northgate's cash balance at the end of the third quarter 2009 was
$235.9 million
- Successful organic growth at Northgate's operations:
- Discovered a significant extension of mineralization at
Fosterville, confirming that the Phoenix fault system continues
down plunge
- Discovered a new gold zone located 300 metres (m) east of current
reserves at Young-Davidson. The new zone is completely open down
dip. In addition to this discovery, Northgate also reported drill
results for 29 shallow diamond drill holes located in and around
historic mine workings immediately east of current reserves, which
have the potential to add to the 2.8 million ounces of reserves
already on the property
- Identified approximately 870,000 tonnes of additional mineral
reserves containing 93,000 ounces at Stawell, extending the mine-
life until Q2-2012
