Northgate Minerals Corp fka NGX

[NYBob]

The future looks promising - AuRico Gold Announces Inaugural Dividend Policy

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85048747

Aurico Gold is practically debt-free, bought back a lot of shares and
announced a dividend.
Moreover, I expect some news through the company website.
The following news mentioning Aurico being in a strategic alliance
with a TSXV company was found on this company's website:
http://www.rogueiron.com/s/news.asp?ReportID=567232.
Aurico has not mentioned it yet.

[NYBob]

The future looks promising - AuRico Gold Announces Inaugural Dividend Policy

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85048747

Aurico Gold is practically debt-free, bought back a lot of shares and
announced a dividend.
Moreover, I expect some news through the company website.
The following news mentioning Aurico being in a strategic alliance
with a TSXV company was found on this company's website:
http://www.rogueiron.com/s/news.asp?ReportID=567232.
Aurico has not mentioned it yet.

[trade2much]

AUQ chart is heading in north after the dip. BOL

[NYBob]

I believe the Chinese will step in to the gold market and
support at these levels because they have a populace which
owns a lot of it, and they certainly have the wherewithal
to fight any 666 selling, especially if that selling is
short 666 selling.

So I’m very bullish.

I’m flat out 888 bullish on Gold.



http://countdowntozerotime.org/2013/02/22/china-will-have-worlds-largest-gold-reserves-in-2-to-3-years/

AuRico Gold plans to buy back USD$300mn in shares
Marc Howe | December 18, 2012

http://www.mining.com/aurico-gold-plans-to-buy-back-usd300-in-shares-91044/







http://www.biblebelievers.org.au/monie.htm

http://www.888c.com
God Bless

Ps.
the new symbol for NGX is AUQ AuRico Gold Inc. -

http://investorshub.advfn.com/boards/board.aspx?board_id=9242

[NYBob]

the new symbol for NGX is AUQ AuRico Gold Inc. -

http://investorshub.advfn.com/boards/board.aspx?board_id=9242

[NYBob]

the new symbol for NGX is AUQ AuRico Gold Inc. -

http://investorshub.advfn.com/boards/board.aspx?board_id=9242

[NYBob]

the new symbol for NGX is AUQ AuRico Gold Inc. -

http://investorshub.advfn.com/boards/board.aspx?board_id=9242

[NYBob]

the new symbol for NGX is AUQ AuRico Gold Inc. -

http://investorshub.advfn.com/boards/board.aspx?board_id=9242

[mick]

[NYBob]

mick the new symbol for NGX is AUQ AuRico Gold Inc. -

http://investorshub.advfn.com/boards/board.aspx?board_id=9242

AUQ $GOLD TA Intact LT Trend Bull Breakout





GOLD Chart TA P&F LT Bullish Price Objective $1960.0/oz next Target


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72648018

inflation is coming our way. That's what I'm worried about.
I'd rather keep my money safe from inflation...

Project Remains on Schedule for Production by the End of Q1 2012

AuRico Gold Inc.
(TSX: AUQ) (NYSE: AUQ), ("AuRico", "AuRico Gold" or "the
Company) is pleased to provide the first monthly status update
on the exciting
Young-Davidson mine
located in the prolific Abitibi gold belt in Northern Ontario.
The Company remains on schedule to achieve the first gold pour
by the end of the first quarter of 2012.

Young-Davidson Project Construction Update

The Young-Davidson Project remains on schedule nearing
completion of the 18-month pre-production construction phase.

Mill processing construction for commissioning is 92% complete
(see figure 1).
Over 900 contractors and employees are working towards
achieving the first gold pour by the end of March 2012.

"The entire operating team at Young-Davidson remains focused
on realizing production by the end of the first quarter and
remains confident that this milestone continues to be
achievable.
As well, the stockpile of open pit ore will ensure there is
sufficient mill feed as we ramp up to commercial production.

We will continue to provide monthly status reports that will
keep investors up to date with our progress as we move from
construction to commissioning and onward to commercial
production," stated Peter MacPhail, Chief Operating Officer,
Canada and Australia.

He continued, "I would like to congratulate all construction and
operating personnel for recently achieving 1,350,000 man-hours
without recording a lost time injury.

This is a tremendous achievement, particularly on a construction
project of this scale."

The following major project milestones have been achieved:

Mill systems required for initial production are 92% complete.

All required equipment is on site.

Mechanical and electrical / instrumentation construction teams
have started commissioning activities on process equipment
required for initial production, while personnel prepare for
operational readiness.

Open pit operations commenced in November 2011 and are ramping
up to targeted levels of 35,000 tonnes per day of ore and
waste.

Approximately 160,000 ore tonnes (approximately one-month mill
feed) have already been stockpiled for processing beginning in
mid-March.

Wet commissioning of the mill is on track for early March.

All senior operating personnel are in place.

Completion of the 115 kV power line and successful commissioning
of the site substation.

Underground development continues to focus on ramp and shaft
access to the 9,590 level (760 meters below surface) where the
mid-shaft ore and waste handling systems will be installed.

Raise boring of the second leg of the production shaft is
scheduled to begin mid-year.

About AuRico Gold

AuRico Gold is a leading intermediate Canadian gold and silver
producer with a diversified portfolio of properties in Canada,
Mexico and Australia.

The Company currently has five operating properties including
the Ocampo mine in Chihuahua State, the El Chanate mine in
Sonora State, the El Cubo mine in Guanajuato State, as well as
the Fosterville and Stawell gold mines in Victoria, Australia.

The first production from the exciting Young-Davidson gold mine
in northern Ontario is targeted by the end of Q1 2012 as the
mine ramps up to over 200,000 ounces of annual production by
2015.

AuRico's strong pipeline of development and exploration stage
projects includes advanced development properties in Mexico and
British Columbia and several highly prospective exploration
properties in Mexico.

AuRico's head office is located in Toronto, Ontario, Canada.

Image with caption: "Figure 1: Initial Production Model of mill facility. (Items in green have been installed. Installation of items in yellow are in progress.(CNW Group/AuRico Gold Inc.)". Image available at:

Image with caption: "Figure 2: Mill exterior. (CNW Group/AuRico Gold Inc.)". Image available at:

Image with caption: "Figure 3: Mill interior. (CNW Group/AuRico Gold Inc.)". Image available at:

Image with caption: "Figure 4: Open pit operations. (CNW Group/AuRico Gold Inc.)". Image available at:

Image with caption: "Figure 5: Open pit production drill. (CNW Group/AuRico Gold Inc.)". Image available at:

Image with caption: "Figure 6: Headframe construction for Northgate shaft. (CNW Group/AuRico Gold Inc.)". Image available at:

For further information:

Please visit the AuRico Gold website at

http://www.auricogold.com

or contact:

René Marion
President & Chief Executive Officer
AuRico Gold Inc.
[phone]


Anne Day
Director of Investor Relations
AuRico Gold Inc.
[phone]

God Bless

[mick]

[NYBob]

AUQ $GOLD TA Intact LT Trend Bull Breakout





GOLD Chart TA P&F LT Bullish Price Objective $1960.0/oz next Target


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72648018

inflation is coming our way. That's what I'm worried about.
I'd rather keep my money safe from inflation...

Project Remains on Schedule for Production by the End of Q1 2012

AuRico Gold Inc.
(TSX: AUQ) (NYSE: AUQ), ("AuRico", "AuRico Gold" or "the
Company) is pleased to provide the first monthly status update
on the exciting
Young-Davidson mine
located in the prolific Abitibi gold belt in Northern Ontario.
The Company remains on schedule to achieve the first gold pour
by the end of the first quarter of 2012.

Young-Davidson Project Construction Update

The Young-Davidson Project remains on schedule nearing
completion of the 18-month pre-production construction phase.

Mill processing construction for commissioning is 92% complete
(see figure 1).
Over 900 contractors and employees are working towards
achieving the first gold pour by the end of March 2012.

"The entire operating team at Young-Davidson remains focused
on realizing production by the end of the first quarter and
remains confident that this milestone continues to be
achievable.
As well, the stockpile of open pit ore will ensure there is
sufficient mill feed as we ramp up to commercial production.

We will continue to provide monthly status reports that will
keep investors up to date with our progress as we move from
construction to commissioning and onward to commercial
production," stated Peter MacPhail, Chief Operating Officer,
Canada and Australia.

He continued, "I would like to congratulate all construction and
operating personnel for recently achieving 1,350,000 man-hours
without recording a lost time injury.

This is a tremendous achievement, particularly on a construction
project of this scale."

The following major project milestones have been achieved:

Mill systems required for initial production are 92% complete.

All required equipment is on site.

Mechanical and electrical / instrumentation construction teams
have started commissioning activities on process equipment
required for initial production, while personnel prepare for
operational readiness.

Open pit operations commenced in November 2011 and are ramping
up to targeted levels of 35,000 tonnes per day of ore and
waste.

Approximately 160,000 ore tonnes (approximately one-month mill
feed) have already been stockpiled for processing beginning in
mid-March.

Wet commissioning of the mill is on track for early March.

All senior operating personnel are in place.

Completion of the 115 kV power line and successful commissioning
of the site substation.

Underground development continues to focus on ramp and shaft
access to the 9,590 level (760 meters below surface) where the
mid-shaft ore and waste handling systems will be installed.

Raise boring of the second leg of the production shaft is
scheduled to begin mid-year.

About AuRico Gold

AuRico Gold is a leading intermediate Canadian gold and silver
producer with a diversified portfolio of properties in Canada,
Mexico and Australia.

The Company currently has five operating properties including
the Ocampo mine in Chihuahua State, the El Chanate mine in
Sonora State, the El Cubo mine in Guanajuato State, as well as
the Fosterville and Stawell gold mines in Victoria, Australia.

The first production from the exciting Young-Davidson gold mine
in northern Ontario is targeted by the end of Q1 2012 as the
mine ramps up to over 200,000 ounces of annual production by
2015.

AuRico's strong pipeline of development and exploration stage
projects includes advanced development properties in Mexico and
British Columbia and several highly prospective exploration
properties in Mexico.

AuRico's head office is located in Toronto, Ontario, Canada.

Image with caption: "Figure 1: Initial Production Model of mill facility. (Items in green have been installed. Installation of items in yellow are in progress.(CNW Group/AuRico Gold Inc.)". Image available at:

Image with caption: "Figure 2: Mill exterior. (CNW Group/AuRico Gold Inc.)". Image available at:

Image with caption: "Figure 3: Mill interior. (CNW Group/AuRico Gold Inc.)". Image available at:

Image with caption: "Figure 4: Open pit operations. (CNW Group/AuRico Gold Inc.)". Image available at:

Image with caption: "Figure 5: Open pit production drill. (CNW Group/AuRico Gold Inc.)". Image available at:

Image with caption: "Figure 6: Headframe construction for Northgate shaft. (CNW Group/AuRico Gold Inc.)". Image available at:

For further information:

Please visit the AuRico Gold website at

http://www.auricogold.com

or contact:

René Marion
President & Chief Executive Officer
AuRico Gold Inc.
[phone]


Anne Day
Director of Investor Relations
AuRico Gold Inc.
[phone]

God Bless

[NYBob]

Northgate Minerals C (NGX)
3.71 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
- - - - -
TSE:NGX Detailed Quote Wiki

AuRico Gold NYSE AUQ formerly known as Gammon Gold -
bought and amalgamated with Northgate -

http://investorshub.advfn.com/boards/board.aspx?board_id=9242

[NYBob]

Northgate Minerals C (NGX)
3.71 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
3.67 3.81 - - -
TSE:NGX Detailed Quote Wiki

[NYBob]

mick, that's right, had wanted to see NGX above $10 first -
but we shareholders still have to approve it -



I hope the deal still be turned down but
we did gain about 25% and its positive

have to now compare it with the CALVF -
low cost gold producer leader penny bargain -



it will be interesting to follow -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66745131
God Bless

[mick]

i first notice this...they didn't need this deal nxg

is huge in assets.

[NYBob]

Northgate Minerals L (NXG) fiat$4.15 UP $1.0 +31.75%

Volume: 29,395,926 @ 2:08:12 PM ET strong Demand
Bid Ask Day's Range
4.14 4.15 4.11 - 4.42
NXG Detailed Quote

[NYBob]

Northgate Minerals C (NGX) fiat$4.06 UP $0.96 +30.97%

Volume: 19,240,300 @ 1:35:33 PM ET Strong Demand
Bid Ask Day's Range
4.06 4.07 4.04 - 4.32
TSE:NGX Detailed Quote

AuRico Gold to Acquire Northgate Minerals and Create A Leading Intermediate Gold Company -

http://www.northgateminerals.com/news-and-media/press-releases/press-releases-details/2011/AuRico-Gold-to-Acquire-Northgate-Minerals-and-Create-A-Leading-Intermediate-Gold-Company1126418/default.aspx

[NYBob]

Northgate Minerals L (NXG) fiat$3.38 UP $0.11 +3.36%

Volume: 5,148,659 @ 4:30:41 PM ET Strong Demand
Bid Ask Day's Range
3.34 3.4 3.21 - 3.39
NXG Detailed Quote

The volume has been great and IMO we are breaking out past 3.50
and a rela run can begin.
This is just for starters.
thanks for good info

NXG looking good




http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65231786

[mick]

this sounds strong pr.

[NYBob]

Northgate Minerals Provides Update on Construction and Exploration Activities at Young-Davidson

06.24.2011

http://www.northgateminerals.com/news-and-media/press-releases/press-releases-details/2011/Northgate-Minerals-Provides-Update-on-Construction-and-Exploration-Activities-at-Young-Davidson1125775/default.aspx

View Press Release (pdf)

Underground Mine Optimization to Proceed

VANCOUVER, June 24, 2011 /CNW/ - (All figures in US dollars except where noted) Northgate Minerals Corporation (TSX: NGX, NYSE-Amex: NXG) is pleased to provide an update on the progress of building its 100% owned Young-Davidson mine located near the town of Matachewan, in northern Ontario.

Highlights

Construction Activities

» The project remains on schedule and on budget:
- at the end of May 2011, 95% of the construction contracts have been awarded (approximately $245 million), 97% of the equipment purchase orders have been placed and 85% of the engineering has been completed.
» The project remains on budget:
- at the end of May 2011, Northgate has invested approximately $170 million towards construction of the Young-Davidson mine.
» After an intensive optimization study, a mid-shaft crushing and loading facility has been added to the original feasibility study mine design to facilitate access to higher grade underground ore one year earlier than planned, which will provide flexibility in the early years of mine operation and production.
Diamond Drill Program

» Hole YD11-234B in the YD West zone intersected 4.31 grams per tonne (g/t) gold over 79.6 metres (m) (estimated true thickness is 55.0 m), including 5.66 g/t over 49.9 m.
» The underground exploration program that will drill test targets to the east of the known reserves at Young Davidson is scheduled to begin in the final week of June.
"Our employees and contractors at Young-Davidson continue to put in hard work and dedication to all of the activities underway on site", said Ken Stowe, President and CEO. "Due to their great efforts, the project continues to advance on schedule and on budget. In addition, we are very pleased with the results from the YD West Zone and the new exploration program set to begin this month, potentially adding to our 2.8 million ounces of reserves and 650,000 ounces of resources."

Young-Davidson Construction Update

Production Shaft

The first leg (446 m) of the new Northgate production shaft is almost complete with breakthrough of the raise bore expected in mid-July. The second leg, to a depth of 700 m is expected to begin by November 2011.

Mid-Shaft Loading Facility

The Northgate Board of Directors have approved a mid-shaft loading facility, which is an optimization to the original mine design that will allow for early underground ore production from the 9590 level and above. This design will de-couple underground ore production from the ongoing development in the lower half of the mine and will provide for early underground ore feed to supplement open pit production. The facility is scheduled to be operational by Q1 2013, one year ahead of the feasibility schedule for underground ore production. Pre-production capital expenditures will not change as a result of this optimization, however, sustaining capital in the 2014-2015 period will increase by approximately $25 million.

115 kV Transmission Line

The 115 kV hydro transmission line from Kirkland Lake to the Matachewan Junction is proceeding ahead of schedule and is expected to be complete by September 2011.

Tailings Impoundment Area ("TIA")

Construction of the tailings dam facility is on schedule and the facility will be in a position to receive tailings from the mill's scheduled start up in March 2012. The tailings facility is an expansion of one of the historic tailings sites on the property.

Mill Building

The mill building erection is proceeding and will be enclosed by early July, at which time the installation of the process equipment will begin, much of which has already arrived at site.

More photos of the project development and a short video clip are available on our website at www.northgateminerals.com.

Exploration Update

Hole YD11-234B returned 4.31 g/t gold over 79.6 m and contained a higher grade section of 5.66 g/t over 49.9 m at the base (footwall) of the zone. This intersection which was reported in a news release on June 7, 2011 is located about 130 m above and 55 m east of Discovery Hole YD10-198. Both 234B and 198 are in a new gold zone west of the currently defined reserves and resources, confirming the fault offset model relating the YD West zone to the main Young-Davidson ore body.

Hole YD-11-240A, which was drilled perpendicular to the exploration holes in the YD West area in order to resolve the location and correlation of the north-south trending diabase dykes is now complete and the results are being analyzed.

Underground exploration in the area east of the current Young-Davidson Reserve is scheduled to get underway in the last week of June.

Figure 1 - YD West Zone-Longitudinal Section

Qualified Persons

John Andrew Cormier, PEng, Project Manager, Northgate Minerals Corporation, is the Qualified Person responsible for reviewing and approving the technical information of this press release.

Carl Edmunds, Exploration Manager, Northgate Minerals Corporation, is the Qualified Person responsible for reviewing and approving the exploration results of this press release.

Northgate Minerals Corporation is a gold and copper producer with mining operations, development projects and exploration properties in Canada and Australia. Our vision is to be the leading intermediate gold producer by identifying, acquiring, developing and operating profitable, long-life mining properties.

Cautionary Note Regarding Forward-Looking Statements and Information:

This Northgate press release contains "forward-looking information",----to update or revise such information, except as required by applicable law.

Cautionary Note to US Investors Regarding Mineral Reporting Standards:

[NYBob]

Northgate Minerals Initiates Drill Program at the Awakening Gold Project, Nevada

06.23.2011

http://www.northgateminerals.com/news-and-media/press-releases/press-releases-details/2011/Northgate-Minerals-Initiates-Drill-Program-at-the-Awakening-Gold-Project-Nevada1125768/default.aspx

View Press Release (pdf)

VANCOUVER, June 23, 2011 /CNW/ - Northgate Minerals Corporation ("Northgate") (TSX: NGX, NYSE-Amex: NXG) is pleased to announce the mobilization of a diamond drill rig program to the Awakening Gold Project in Humboldt County, Nevada.

The Awakening Gold Project consists of 432 claims (approximately 35.9 square kilometres ("km2") or 13.9 square miles) and is located 50 km northwest of Winnemucca, Nevada, on the northwest flank of the Slumbering Hills. The property covers the northwest portion of the historic Awakening mining district and adjoins the north end of the former producing Sleeper Gold Mine, which has produced 1.7 million ounces of gold and 2.3 million ounces of silver.

Prior to commencing the current drill program, Northgate carried out an induced polarization ("IP") survey as well as additional soil and water geochemical sampling to further define drill targets.

The 2011 drill program will consist of 3,000 metres ("m") of diamond drilling on geophysical targets defined by an IP survey completed last year. The geologic target is a low sulphidation gold and silver deposit hosted by quartz-adularia veins in Tertiary volcanic rocks. The project area has been selected on the basis of anomalous ground water samples collected and analysed over previous years.

The drill program is anticipated to last four to six weeks, and drill results should be available for release in the fall.

The Awakening Gold Project is a joint venture agreement with Nevada Exploration Inc. ("Nevada") (TSX-V: NGE). The agreement has been in effect since June 7, 2010, when Northgate signed a formal exploration and option agreement on the project. Northgate recently entered into its second year of the agreement.

Further information on the Awakening Gold Project can be found under the Exploration section of Northgate's website at www.northgateminerals.com.

Figure 1 - 2011 Drill Targets

http://www.northgateminerals.com/Theme/Northgate/files/Releases/2011/targets_2011.gif

* * * * * * *

Northgate Minerals Corporation is a gold and copper producer with mining operations, development projects and exploration properties in Canada and Australia. Our vision is to be the leading intermediate gold producer by identifying, acquiring, developing and operating profitable, long-life mining properties.

[mick]

hi Bob, how many grams make one oz. of gold?

[NYBob]

Northgate Intersects 4.31 Grams per Tonne Gold Over 79.6 Metres at Young-Davidson


http://www.northgateminerals.com/OperationsProjects/default.aspx

06.07.2011

http://www.northgateminerals.com/news-and-media/press-releases/press-releases-details/2011/Northgate-Minerals-Intersects-431-Grams-per-Tonne-Gold-Over-796-Metres-at-Young-Davidson1125589/default.aspx

Hole YD11-234B Intersects One of the Best Intervals Ever Drilled on the Property

View pdf of the press release

TORONTO, June 7, 2011 /CNW/ -

Northgate Minerals Corporation
(TSX: NGX, NYSE Amex: NXG) is pleased to report that
Hole YD11-234B in the YD West zone intersected 4.31 grams per
tonne (g/t) gold over 79.6 metres (m) (estimated true thickness is 55.0 m), including 5.66 g/t over 49.9 m.

The YD West zone is a newly discovered zone, just west of
the currently known reserves at Young-Davidson in
northern Ontario.

Hole YD11-234B is one of the best intervals ever intersected
on the property and follows on the excellent results received
since Discovery
Hole YD10-198 intersected 3.46 g/t over 79.5 m last year.

Hole YD11-234B and YD West Zone Highlights

Hole YD11-234B returned 4.31 g/t gold over 79.6 m.

The hole contains a higher grade section of 5.66 g/t
over 49.9 m at the base (footwall) of the zone.

This new intersection is located about 130 m above and
55 m east of Discovery Hole YD10-198.

Both 234B and 198 are in a new gold zone west of the currently
defined reserves and resources, confirming the fault offset
model relating the YD West zone to the main
Young-Davidson orebody.

Hole YD11-234B and YD10-198 are amongst the highest
grade-thickness intervals intersected to date on the property.

The zone remains open up and down dip and to the west.

Two diamond drills continue to explore in the YD West zone area.

"Exploration at Young-Davidson continues to achieve outstanding
results as recent drilling has returned one of the best holes
ever intersected on the property" Ken Stowe, President and Chief
Executive Officer, remarked. "While last year's Hole 198
was very exciting resulting in the discovery of the YD West
zone, Hole 234B is equally exciting, confirming the fault offset
model along the western edge of the Young-Davidson deposit.
The results of this and other higher-grade follow-up holes
in 2011 underline the tremendous potential to expand the
currently known 2.8 million ounces of reserves1 on the property,
which will ultimately extend the initial 15-year mine-life
or increase the average annual gold output when production
commences in 2012."

Diamond Drill Program
The purpose of the 2011 diamond drill program on the west flank of the Young-Davidson deposit is to explore for new resources west of a major north-south trending diabase dyke that appeared to have truncated the zone. To date, seven holes have intersected the YD West zone and all but one has returned ore-grade intersections. This is a technically challenging area to drill due the depths of the holes and the presence of poor drilling conditions within ultramafic flows located well into the hanging wall. The target is blind due to its depth and thick younger post mineral Proterozoic sedimentary cover. Therefore, geology in the area is being interpreted as drill holes are completed. A number of drill holes have potential intercepts that have been either partially or completely "dyked out" by diabase at zone horizon (i.e. either occupies the entire width of the auriferous zone or a substantial part of the zone (see Figures 1 and 2, Holes 234, 234A and 239)). Currently, a hole is being drilled perpendicular to the exploration holes in the YD West area in order to resolve the location and correlation of the north-south trending diabase dykes. An improved understanding of the diabase dykes in the YD West zone will provide a more accurate resource model to be generated at year-end.

Hole YD11-234B instills confidence that the YD West zone is a highly prospective area evident from thick auriferous intersections in drill Holes 198 and 234B. Other drill holes (198A, 198B and 234) also had very significant gold intercepts (see Table 1 below for complete results). The gold mineralization here is hosted in mildly-hematitic coarse grained syenite with quartz vein stockwork and pyrite mineralization, which is similar to what is observed in the main Young-Davidson deposit.

This new YD West intersection is considered significant as this zone is open up and down dip and to the west. The YD West zone appears to have excellent potential to add significant gold resources to the project. Two diamond drills continue to focus on the YD West target until a sufficient number of intercepts have been obtained to estimate an initial resource by the end of the year. Subsequent drilling will focus on a broader scale to explore the limits of the zone towards the west.

Overview of Young-Davidson Exploration Area
Gold mineralization on the Young-Davidson property is present primarily in an intrusive syenite host rock dipping at approximately 70 degrees to the south. Figure 1 illustrates a longitudinal view of the YD West zone with current reserves illustrated in dark red to the east.

Figure 1 - YD West Zone-Longitudinal Section
www.northgateminerals.com/Theme/Northgate/files/Releases/2011/234B Fig1.JPG

Figure 2 - 9300m Level Plan
See Figure 2: www.northgateminerals.com/Theme/Northgate/files/Releases/2011/234B Fig2.JPG

Figure 2 presents a level plan (horizontal slice) of the property's geology immediately adjacent to the main Young-Davidson reserves. The currently defined reserves terminate against the brown diabase dyke that was the western limit of the reserve. Holes 234B, 234A, 234, 198 and 198A (holes are projected either 75 m up dip or 175 m down dip to the 9300 m level) clearly demonstrate that the younger diabase dyke occupies a fault with an apparent offset of 50 m to 100 m to the north on the western side of the dyke. The actual displacement on the fault could be to the north, downwards or a combination of the two.

Table 1: Assay Results from YD West Zone
Hole ID From (m) To (m) Interval (m) True Thickness (m) Gold Uncut (g/t) Gold Cut 20 g/t
YD11-234B 1064.8 1144.4 79.60 55.0 4.31 4.21
incl 1094.5 1144.4 49.90 34.4 5.66 5.51
incl 1128.0 1142.9 14.90 10.3 10.62 10.10

YD11-234A 1202.6 1221.8 19.20 13.4 1.22 1.22

YD10-234 1216.9 1234.7 17.80 9.5 4.37 4.37
incl 1217.8 1226.1 8.30 4.4 6.82 6.82

YD10-198 1258.0 1337.5 79.5 53.5 3.46 3.46

YD10-198A 1333.7 1355.0 20.20 14.2 6.31 5.42

YD10-198B 1353.5 1364.4 10.9 7.7 5.43 5.43

YD10-226A 1097.3 1134.0 36.7 25.3 0.74 0.74
1115.1 1125.5 10.4 7.2 1.19 1.19

YD11-239 Target zone occupied by diabase dyke ("dyked out")

* * * * * * *

Quality Control - Analyses and Sample Location
Details of quality assurance/quality control procedures for sample analysis and drill hole survey methodology are reported in detail in the Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") compliant Technical Report filed on SEDAR (www.sedar.com) on August 21, 2009.

Qualified Persons
The program design, implementation, quality assurance/quality control and interpretation of the results are under the control of Northgate's geological staff, which includes a number of individuals who are qualified persons as defined under NI 43-101. Carl Edmunds, PGeo, Northgate's Exploration Manager, is responsible for the overall supervision of the program.

* * * * * * *

Note to Investors:
The terms "Qualified Person", "Mineral Reserve", "Proven Mineral Reserve", "Probable Mineral Reserve", "Mineral Resource", "Measured Mineral Resource", "Indicated Mineral Resource", and "Inferred Mineral Resource" used in this news release are defined in accordance with NI 43-101.

* * * * * * *

Northgate Minerals Corporation is a gold and copper producer with mining operations, development projects and exploration properties in Canada and Australia. Our vision is to be the leading intermediate gold producer by identifying, acquiring, developing and operating profitable, long-life mining properties.

* * * * * * *

Cautionary Note Regarding Forward-Looking Statements and Information:
This Northgate press release contains "forward-looking information", as such term is defined in applicable Canadian securities legislation and "forward-looking statements" ----- in this press release is made as of the date of this press release, and Northgate disclaims any intention or obligation to update or revise such information, except as required by applicable law.

Cautionary Note to US Investors Regarding Mineral Reporting Standards:
Northgate prepares its disclosure in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of US securities laws. Terms relating to mineral resources in this press release are defined in accordance with National Instrument 43-101-Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy, and Petroleum Standards on Mineral Resources and Mineral Reserves. The Securities and Exchange Commission (the "SEC") permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. The Corporation uses certain terms, such as, "measured mineral resources", "indicated mineral resources", "inferred mineral resources" and "probable mineral reserves", that the SEC does not recognize (these terms may be used in this press release and are included in the Corporation's public filings which have been filed with securities commissions or similar authorities in Canada).

1 See press release dated January 25, 2010.

http://www.northgateminerals.com/OperationsProjects/default.aspx

http://www.northgateminerals.com/Home/default.aspx

[mick]

NXG $2,000 Gold Will Come From the East at Motley Fool Tue 11:13AM EDT

[mick]

wow, that is huge; NXG AMEX 2.84 2.85 2.84 -0.03 -1.05% 18900X2400 2.91 2.82 1,265,391

[NYBob]

Gold to Surge to $12,000/oz and Silver to $450/oz
Cazenove's Robin Griffiths

http://m.ibtimes.com/gold-silver-platinum-palladium-rhodium-precious-metals-145282.html

[mick]

this is exciting Bob. new mgmt, hmmm.
re;
mick thanks, good NGX chart

Northgate Announces Retirement of President and CEO Ken Stowe

05.10.2011
Download this Press Release

View Press Release (pdf)
VANCOUVER, May 10 /CNW/ -

Northgate Minerals Corporation
("Northgate" or the "Company") (TSX: NGX) (NYSE Amex: NXG)
today announced that its President and Chief Executive Officer
(CEO), Ken Stowe, intends to retire on the appointment
of his successor.
Mr. Stowe joined Northgate in 1999 and has been CEO since 2001.
Mr. Stowe shared his retirement plans now to provide ample
time to complete the recruitment and hiring process.
A search will be conducted with the goal to select and
transition to a new President and CEO by the end of 2011.
The Board has designated the Corporate Governance and
Compensation Committee, chaired by Mark Daniel, to oversee
a comprehensive search process to identify Ken's successor,
taking both internal and external candidates into consideration.

Terry Lyons, Chairman, said:
"The Board is very appreciative of the contribution Ken has made
during his time at Northgate.
He has overseen the growth of the Company, the development
of Kemess into one of the most efficient and prolific gold
and copper mines in the world and, in Young-Davidson,
the establishment of another strong core asset for the Company.
He has also developed an excellent executive team that will
build on his accomplishments and continue to strengthen
Northgate.
I would like to take this opportunity to thank Ken for all that
he has done for the Company over the last twelve years."

"Ken remains in full control of the business until a successor
is appointed.
This will ensure continuity of strong management and will
support the achievement of our strategic objectives while
arrangements are made to find his successor."

Ken Stowe, Chief Executive Officer, added:
"It has been a privilege to lead Northgate and to work alongside
some of the most talented and capable people in the industry.
As I approach the tenth anniversary of my tenure as CEO,
I believe that the time is right to plan for my retirement.
The Company now has an exciting and excellent portfolio of
assets, and a strong platform from which we plan to grow
further and build towards the future."

During his distinguished career, Mr. Stowe has served as Vice
President, Technology of Diamond Fields Resources, where he
was responsible for the feasibility study of the Voisey's Bay
nickel-copper deposit and as Vice President, Operations
of Westmin Resources, where he oversaw the successful startup
of the Lomas Bayas copper mine in Chile.
He then moved on to Northgate to take on the significant
challenge of re-launching the Company as an operating entity
through the turnaround of the then recently-commissioned but
floundering Kemess South gold-copper mine.
Kemess South ultimately became one of the lowest cost gold
mines in the world.
In 2006, Mr. Stowe was the recipient of the prestigious
Canadian Mineral Processor of the Year Award.

Northgate Minerals Corporation is a gold and copper producer
with mining operations, development projects and exploration
properties in Canada and Australia.
Our vision is to be the leading intermediate gold producer
by identifying, acquiring, developing and operating
profitable, long-life mining properties.

http://www.northgateminerals.com/news-and-media/press-releases/press-releases-details/2011/Northgate-Announces-Retirement-of-President-and-CEO-Ken-Stowe1125228/default.aspx

[NYBob]

mick thanks, good NGX chart

Northgate Announces Retirement of President and CEO Ken Stowe

05.10.2011
Download this Press Release

View Press Release (pdf)
VANCOUVER, May 10 /CNW/ -

Northgate Minerals Corporation
("Northgate" or the "Company") (TSX: NGX) (NYSE Amex: NXG)
today announced that its President and Chief Executive Officer
(CEO), Ken Stowe, intends to retire on the appointment
of his successor.
Mr. Stowe joined Northgate in 1999 and has been CEO since 2001.
Mr. Stowe shared his retirement plans now to provide ample
time to complete the recruitment and hiring process.
A search will be conducted with the goal to select and
transition to a new President and CEO by the end of 2011.
The Board has designated the Corporate Governance and
Compensation Committee, chaired by Mark Daniel, to oversee
a comprehensive search process to identify Ken's successor,
taking both internal and external candidates into consideration.

Terry Lyons, Chairman, said:
"The Board is very appreciative of the contribution Ken has made
during his time at Northgate.
He has overseen the growth of the Company, the development
of Kemess into one of the most efficient and prolific gold
and copper mines in the world and, in Young-Davidson,
the establishment of another strong core asset for the Company.
He has also developed an excellent executive team that will
build on his accomplishments and continue to strengthen
Northgate.
I would like to take this opportunity to thank Ken for all that
he has done for the Company over the last twelve years."

"Ken remains in full control of the business until a successor
is appointed.
This will ensure continuity of strong management and will
support the achievement of our strategic objectives while
arrangements are made to find his successor."

Ken Stowe, Chief Executive Officer, added:
"It has been a privilege to lead Northgate and to work alongside
some of the most talented and capable people in the industry.
As I approach the tenth anniversary of my tenure as CEO,
I believe that the time is right to plan for my retirement.
The Company now has an exciting and excellent portfolio of
assets, and a strong platform from which we plan to grow
further and build towards the future."

During his distinguished career, Mr. Stowe has served as Vice
President, Technology of Diamond Fields Resources, where he
was responsible for the feasibility study of the Voisey's Bay
nickel-copper deposit and as Vice President, Operations
of Westmin Resources, where he oversaw the successful startup
of the Lomas Bayas copper mine in Chile.
He then moved on to Northgate to take on the significant
challenge of re-launching the Company as an operating entity
through the turnaround of the then recently-commissioned but
floundering Kemess South gold-copper mine.
Kemess South ultimately became one of the lowest cost gold
mines in the world.
In 2006, Mr. Stowe was the recipient of the prestigious
Canadian Mineral Processor of the Year Award.

Northgate Minerals Corporation is a gold and copper producer
with mining operations, development projects and exploration
properties in Canada and Australia.
Our vision is to be the leading intermediate gold producer
by identifying, acquiring, developing and operating
profitable, long-life mining properties.

http://www.northgateminerals.com/news-and-media/press-releases/press-releases-details/2011/Northgate-Announces-Retirement-of-President-and-CEO-Ken-Stowe1125228/default.aspx

[mick]

[NYBob]

Northgate Minerals C (NGX) fiat$2.75 UP $0.07 +2.61%
Volume: 553,606 @ 4:00:00 PM ET good demand
Bid Ask Day's Range
2.74 2.75 2.67 - 2.75
TSE:NGX Detailed Quote

Northgate Minerals L (NXG) fiat$2.87 UP $0.11 +3.99%

Volume: 2,488,657 @ 4:00:09 PM ET good demand
Bid Ask Day's Range
2.86 2.87 2.76 - 2.87
NXG Detailed Quote


thanks good NGX chart



more on
NXG http://www.reuters.com/article/2011/04/13/northgateminerals-idUSL3E7FD1WR20110413?feedType=RSS&feedName=basicMaterialsSector&rpc=43
thanks for info


God Bless

[mick]

nxg

[NYBob]

NGX Gold fiat$3000/oz -

God Bless

[NYBob]

Northgate Minerals C (NGX) fiat$2.61 UP $0.08 +3.16%
Volume: 304,130 @ 4:00:00 PM ET
Bid Ask Day's Range
2.61 2.62 2.54 - 2.62
TSE:NGX Detailed Quote

[mick]

this company does produce a lot of gold per yr.

[NYBob]

Its a NGX Golden bargain day

Nice news on a crap day in the market, had it been a euphoric green day then it would have taken off.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60806844

[trade2much]

Nice news on a crap day in the market, had it been a euphoric green day then it might have taken off a bit more north.

[NYBob]

Northgate Minerals Reports Excellent Cash Flow from Operations of $56.5 Million in the Fourth Quarter of 2010

Mar. 8, 2011 (PR Newswire) --

Adjusted Net Earnings of $17.2 Million

Notice: Conference Call and Webcast Today at 10:00 am ET
Dial in: [phone] or 1-888-231-8191

VANCOUVER, March 8 /PRNewswire-FirstCall/ - (All figures in US dollars except where noted) -

Northgate Minerals Corporation
("Northgate" or the "Corporation") (TSX: NGX) (NYSE Amex: NXG) today announced its financial and operating results for the fourth quarter and year ended December 31, 2010.

The Company reported adjusted net earnings of $17.2 million or $0.06 per diluted share and cash flow from operations of $56.5 million or $0.19 per diluted share for the fourth quarter of 2010.

Fourth Quarter and Year End 2010 Highlights

- Adjusted net earnings(1) of $17.2 million or $0.06 per diluted share
for the fourth quarter and $19.2 million or $0.07 per diluted share
for the full year 2010.

- Excellent cash flow from operations of $56.5 million or $0.19 per
diluted share for the fourth quarter, a 36% increase compared to the
same period last year.

- Production of 66,077 ounces of gold and 10.6 million pounds of copper
in the fourth quarter, bringing full year production to 272,713
ounces and 40.7 million pounds, respectively, in 2010.

- Average net cash cost in the fourth quarter was $646 per ounce of
gold, bringing the average net cash cost for the full year to $660
per ounce.

- Fourth quarter metal sales were 70,145 ounces of gold at a realized
price of $1,393 per ounce and 12.4 million pounds of copper at a
realized price of $4.27 per pound.

- Northgate's cash balance at the end of the year was $334.8 million.

- At December 31, 2010, open pit reserves at Young-Davidson increased
by over 20% to 325,000 ounces of gold.

- Recently released an updated NI 43-101 compliant resource estimate
for the Kemess Underground project with an Indicated Resource of
136.5 million tonnes ("Mt") containing 2.6 million ounces of gold and
860.6 million pounds of copper.

- At the end of February, Northgate announced the sale of its entire
portfolio of auction rate securities ("ARS") for total consideration
of $40.9 million.

"We finished the 2010 year strong with solid operating and financial results, posting excellent cash flow from operations of $56.5 million in the fourth quarter" commented Ken Stowe, Northgate's President and Chief Executive Officer. "We also started 2011 on a positive note. In February, we released an updated resource estimate for the Kemess Underground project, which now contains an indicated resource of 2.6 million ounces of gold and 861 million pounds of copper. The project represents a significant organic growth opportunity for the company and would boost our growing production profile. We are also pleased to report that open pit reserves have increased by over 20% to 325,000 ounces at Young-Davidson. We look forward to the year ahead, where ongoing exploration at Young-Davidson is expected to further add to the current 15-year mine-life."

Financial Performance

Revenue in the fourth quarter of 2010 was a record $148.7 million, compared with revenue of $110.7 million in the same period last year. The record revenue in the most recent quarter was attributable to strong metal sales and higher realized metal prices. For the full year 2010, Northgate recorded consolidated revenue of $485.0 million.

Adjusted net earnings for the fourth quarter were $17.2 million or $0.06 per diluted share. For the full year 2010, Northgate reported adjusted net earnings of $19.2 million or $0.07 per diluted share. Adjusted net earnings do not include certain non-cash items from its calculation of net earnings prepared in accordance with Canadian generally accepted accounting principles ("Canadian GAAP"). Northgate has provided this figure as it may be a useful indicator to investors.

The net loss for the fourth quarter was $72.0 million, compared with a net loss of $67.8 million in the corresponding period last year. The fourth quarter net loss includes a non-cash impairment charge of $76.9 million for the Fosterville Gold mine in Victoria, Australia, and a negative mark-to-market hedging adjustment of $12.0 million relating to Northgate's copper forward sales contracts, which were put into place in order to secure a significant portion of cash inflow over Kemess South's remaining mine-life.

During the fourth quarter of 2010, Northgate's cash flow from operations increased by 36% to $56.5 million or $0.19 per diluted share. For the full year 2010, Northgate generated cash flow from operations of $87.3 million or $0.30 per diluted share.

During the year, Northgate's cash and cash equivalents increased by $81.3 million. Our strong balance sheet now boasts cash and cash equivalents of $334.8 million at the end of 2010.

Corporate Development

Sale of Auction Rate Securities

At the end of February, Northgate announced the sale of its entire portfolio of ARS for total consideration of approximately $40.9 million. At December 31, 2010, Northgate had estimated the fair market value of its ARS at $36.0 million based on an independent third-party valuation. The proceeds from the sale were used to repay, in full, the outstanding balance of the loan of approximately $40.0 million. The loan was originally made by Lehman Brothers Inc. ("Lehman"), which was collateralized by the ARS held in the Corporation's investment account managed by Lehman. The loan and associated ARS account were subsequently acquired by Barclays plc in September 2008 as part of its court-approved purchase of the assets of then-bankrupt Lehman.

Organic Growth at Kemess Underground

In February, Northgate released a new resource estimate for its Kemess Underground Project, located five kilometres ("km") north of the Kemess South mine. The new resource estimate represents an 18% increase in tonnes, a 10% increase in contained gold and a 9% increase in contained copper when compared to the May 2010 resource. The total Indicated Resource now stands at 136.5 Mt containing 2.6 million ounces of gold and 860.6 million pounds of copper.

Northgate has engaged an independent mining consulting firm to complete technical studies, which will be incorporated into a Preliminary Assessment and will be used to determine the economics and development concept for the Kemess Underground Project that could be milled using the existing Kemess facilities. Production at Kemess Underground would further strengthen Northgate's growing production profile and significantly reduce the Corporation's average net cash cost of production.

Sale of Kemess South Equipment

As mining activities come to a close at the Kemess South mine, Northgate has appointed an international mining services firm to market for sale its open pit mining fleet and some limited milling infrastructure that will no longer be needed once production ceases. Northgate will continue to maintain a majority of its Kemess milling facilities for the development and operation currently being contemplated at Kemess Underground.

Results from Operations

The results from operations for the fourth quarter and year ended 2010 follows on the press release dated January 13, 2011, when Northgate released production figures for the same periods. The results from operations contained in this press release should be read in conjunction with Northgate's fourth quarter MD&A report, available on our website at www.northgateminerals.com.

Fosterville Gold Mine

Fosterville achieved quarterly production of 23,108 ounces of gold, which was better than forecast, due to higher than expected ore grades in the stopes that were mined. For the second straight year, production at Fosterville exceeded the 100,000-ounce mark, producing 100,441 ounces of gold in 2010. The average net cash cost of production for the fourth quarter and full year 2010 was $856 and $738 per ounce, respectively, in line with the most recent forecast. However, the net cash cost was impacted by the substantial appreciation of the Australian dollar during the year. The Australian dollar averaged slightly below parity with the US dollar for the last three months of 2010.

During the fourth quarter of 2010, a total of 163,404 tonnes of ore were mined for a total 729,080 tonnes mined in 2010. Also during the quarter, mill throughput was excellent, achieving a record 214,593 tonnes of ore. As a result, overall unit operating costs dropped to A$93 per tonne of ore milled compared to $101 per tonne in the same period last year. Mill throughput for all of 2010 was 817,535 tonnes of ore, which was better than the 781,879 tonnes milled last year.

For the full year 2010, the mill head grade was 4.57 grams per tonne (g/t). Gold recoveries averaged 82% for the year, slightly lower than forecast as a result of processing low-grade stockpile ore.

In 2011, production at Fosterville is forecast to be in the range of 97,000 - 102,000 ounces of gold.

Impairment Charges for Fosterville

At the end of each year, Northgate re-estimates reserves at all of its properties and revises its life-of-mine ("LOM") plans. LOM plans incorporate management assumptions and estimates of revenues and related costs, as well as the conversion of a portion of resources to reserves over the LOM. When this annual exercise was performed in early 2011, there were indicators of impairment at the Fosterville Gold mine. In accordance with Canadian GAAP, a recoverability test was performed for the long-lived assets, which identified them as potentially impaired as of December 31, 2010. The fair value of the Fosterville mine as at December 31, 2010 was established by using a LOM discounted cash flow model incorporating the following assumptions: gold prices of A$1,350/oz for 2011, A$1,300/oz for 2012 to 2013, A$1,250/oz for 2014 to 2015 and A$1,200/oz thereafter; a discount rate of 6.5%; and, a net asset value multiplier of 1.0x.

As a result of this analysis, an impairment charge of $76.9 million was recorded in earnings for the fourth quarter and year ended December 31, 2010.

Stawell Gold Mine

During the year, the Stawell Gold mine steadily improved operations since its low in the second quarter, producing 17,882 ounces of gold at a net cash cost of $1,129 per ounce. Production for the entire year totalled 71,482 ounces at an average net cash cost of $969 per ounce. The net cash cost for 2010 was negatively impacted primarily by lower than forecast production resulting from lower than expected ore grades and also by a stronger Australian dollar relative to the US dollar. Production in 2011 is expected to increase by at least 20% from 2010 to between 86,000 - 91,000 ounces of gold. In years 2012 and 2013, this improvement in production is expected to continue with production forecast to be in the range of 105,000 - 117,000 ounces as ore is increasingly sourced from the higher-grade GG6 zone. The net cash cost of production is also expected to decrease from 2010 by approximately 15% in 2011 and 20% in 2012 as ore is sourced from the higher-grade GG6 zone.

During the quarter, mine production improved to 209,644 tonnes of ore and mine development advanced 1,506 m. In addition, the mill performed extremely well, with approximately 211,405 tonnes of ore milled during the quarter, which was the highest quarterly throughput for the year. Mining costs were A$66 per tonne of ore mined and milling costs were A$23 per tonne of ore milled. For all of 2010, mill throughput of 826,454 tonnes of ore was achieved, which was 9% higher than mill throughput of 759,819 tonnes in 2009.

Kemess South

The Kemess South mine posted production of 25,087 ounces of gold and 10.6 million pounds of copper in the fourth quarter of 2010, bringing full year production to 100,790 ounces of gold and 40.7 million pounds of copper, which was in line with forecast. The net cash costs for the fourth quarter and full year 2010 were $109 and $363 per ounce, respectively, which were slightly higher than forecast due to lower copper production in the fourth quarter of the year.

The Kemess South mine is scheduled to close in March 2011. Total gold and copper production for 2011 is anticipated to be 12,000 ounces and 5.3 million pounds, respectively, at a net cash cost of $285 per ounce of gold. With the recent surge of copper prices in the first quarter of 2011, the net cash cost may be lower than previously forecast.

Summarized Consolidated Results

(Thousands of
US dollars,
except where
noted) Q4 2010 Q4 2009 2010 2009
-------------------------------------------------------------------------
Financial Data

Revenue $ 148,701 $ 110,698 $ 485,047 $ 484,976
Adjusted net
earnings(1) 17,198 27,862 19,184 73,191
Per share
(diluted) 0.06 0.10 0.07 0.28
Net loss (72,020) (67,755) (71,704) (49,506)
Per share
(diluted) (0.25) (0.23) (0.25) (0.19)
Cash flow from
operations 56,482 41,510 87,285 187,161
Cash and cash
equivalents 334,840 253,544 334,840 253,544
Total assets $ 905,484 $ 741,679 $ 905,484 $ 741,679
-------------------------------------------------------------------------
Operating Data

Gold production
(ounces)
Fosterville 23,108 26,615 100,441 103,360
Stawell 17,882 23,221 71,482 85,998
Kemess 25,087 30,917 100,790 173,040
--------------------------------------------------------
Total gold
production 66,077 80,753 272,713 362,398
--------------------------------------------------------

Gold sales (ounces)
Fosterville 22,427 25,166 100,544 103,518
Stawell 17,679 22,695 71,025 87,110
Kemess 30,039 30,154 97,730 180,040
--------------------------------------------------------
Total gold
sales 70,145 78,015 269,299 370,668
--------------------------------------------------------
Realized gold
price
($/ounce)(2) 1,393 1,181 1,256 994
--------------------------------------------------------

Net cash cost
($/ounce)(3)
Fosterville 856 720 738 576
Stawell 1,129 732 969 616
Kemess 109 234 363 348
--------------------------------------------------------
Average net cash
cost ($/ounce) 646 537 660 477
--------------------------------------------------------

Copper production
(thousands pounds) 10,625 11,750 40,666 52,496

Copper sales
(thousands pounds) 12,363 10,393 38,939 51,188

Realized copper
price ($/pound)(2) 4.27 3.54 3.61 2.87
-------------------------------------------------------------------------

(1) Adjusted net earnings is a non-GAAP measure. See section entitled
"Non-GAAP Measures" in the Corporation's interim MD&A Report.
(2) Commencing in the fourth quarter of 2010, metal pricing quotational
period is three months after the month of ship loading for copper and
one month after the month of ship loading for gold produced at
Kemess South. Previously, the metal pricing quotational period was
three months after the month of arrival ("MAMA") at the receiving
facility for copper and one MAMA for gold. Therefore, realized prices
reported will differ from the average quarterly reference prices,
since realized price calculations incorporate the actual settlement
price for prior period sales, as well as the forward price profiles
of both metals for unpriced sales at the end of the quarter.
(3) Net cash cost per ounce of production is a non-GAAP measure. See
section entitled "Non-GAAP Measures" in the Corporation's interim
MD&A Report.

Minerals Reserves and Resources

Northgate has provided its proven and probable mineral reserves and measured, indicated and inferred resources for the year ended December 31, 2010. A summary table for mineral reserves and resources are as follows:

Contained Gold (ounces) At December 31, 2010
-------------------------------------------------------------------------
Proven Reserves 714,000
Probable Reserves 2,840,000
-------------------------------------------------------------------------
Total Proven and Probable Reserves 3,555,000
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Measured Resources 195,000
Indicated Resources(2) 3,369,000
-------------------------------------------------------------------------
Total Measured and Indicated Resources 3,564,000
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Total Inferred Resources 1,449,000
-------------------------------------------------------------------------
-------------------------------------------------------------------------

Contained Copper (000s pounds)
-------------------------------------------------------------------------
Total Proven Reserves(3) 9,247
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Total Indicated Resources(2) 861,000
-------------------------------------------------------------------------
-------------------------------------------------------------------------

(1) Mineral reserves and resources are rounded to 1,000 ounces and 1,000
pounds. Minor discrepancies in summations may occur due to rounding.
(2) The new Kemess Underground Resource was announced on February 15,
2011. This resource is a subset of the Kemess North deposit that has
Measured and Indicated Resources of 719,190,000 tonnes at a grade of
0.30 g/t gold and 0.15% copper containing 6,939,000 ounces of gold
and 2,353,000,000 pounds of copper.
(3) Proven reserves for contained copper are for the Kemess South mine,
which is scheduled for mine closure in March 2011.

At December 31, 2010, Northgate reported Proven and Probable reserves of 3.6 million ounces.

At Young-Davidson, open pit reserves increased by over 20% to 325,000 ounces. Underground reserves at the end of 2010 remained unchanged at 26.2 million tonnes containing 2.5 million ounces of gold, as no revisions were made to price assumptions used for the mine plan.

During 2010, Northgate undertook a $3 million exploration program to better define the geometry and grade of the high-grade core of the Kemess North deposit for the purposes of evaluating the potential for mining a portion of the original 719 million tonne resource using bulk underground methods. As at December 31, 2010, a new indicated resource has been estimated for the Kemess Underground Project of 136.5 million tonnes containing 2.6 million ounces of gold at a grade of 0.56 g/t and 860.6 million pounds of copper at a grade of 0.29%. The total resource at Kemess Underground has increased by 18% in tonnes, 10% in contained gold and 9% in contained copper from the May 2010 resource estimate. Engineering studies are currently underway to determine the feasibility of converting a portion of this resource into a reserve.

At the Fosterville mine, reserves decreased slightly to 3.1 million tonnes containing 475,000 ounces. Fosterville was successful in resource to reserve conversion of approximately 100,000 ounces as a result of extending the Phoenix and Harrier orebodies (approximately 73,000 ounces) and from infill drilling within Phoenix (approximately 24,000 ounces). However, resource conversion was offset by mining depletion of 124,000 ounces during the course of 2010.

Indicated Resources at Fosterville increased by 65,000 ounces to 470,000 ounces as a result of successful drilling within the Phoenix and Harrier orebodies.

At Stawell, Proven and Probable Reserves at December 31, 2010 stood at 2.0 million tonnes containing 234,000 ounces. During the year, approximately 86,000 ounces were mined with a conversion of approximately 33,000 ounces to reserves to partially offset mine depletion.

The complete mineral reserves and resource estimates for Northgate as at December 31, 2010, including accompanying notes, can be found in Appendix I at the end of this press release.

Interim Consolidated Balance Sheets
December 31 December 31
Thousands of US dollars 2010 2009
-------------------------------------------------------------------------
(Unaudited)
Assets
Current Assets
Cash and cash equivalents $ 334,840 $ 253,544
Trade and other receivables 62,051 27,961
Income taxes receivable 2,236 -
Inventories 44,569 44,599
Prepaid expenses 2,367 2,566
Future income tax asset 5,619 5,541
-------------------------------------------------------------------------
451,682 334,211
Other assets 40,819 27,544
Future income tax asset 9,381 14,507
Mineral property, plant and equipment 367,083 327,416
Investments 36,519 38,001
-------------------------------------------------------------------------
$ 905,484 $ 741,679
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Liabilities and Shareholders' Equity
Current Liabilities
Accounts payable and accrued liabilities $ 109,385 $ 59,132
Income taxes payable - 29,395
Short-term loan 40,161 41,515
Equipment financing obligations 7,945 5,995
Provision for site closure and reclamation
obligations 22,460 23,501
Future income tax liability - 867
-------------------------------------------------------------------------
179,951 160,405
Equipment financing obligations 10,763 4,656
Convertible senior notes 131,235 -
Other long-term liabilities 2,803 8,995
Provision for site closure and reclamation
obligations 25,453 23,989
Future income tax liability 11,343 -
-------------------------------------------------------------------------
361,548 198,045

Shareholders' Equity
Common shares 407,036 402,879
Equity component of convertible senior notes 33,832 -
Contributed surplus 7,798 6,202
Accumulated other comprehensive income (loss) 28,716 (3,705)
Retained earnings 66,554 138,258
-------------------------------------------------------------------------
543,936 543,634
-------------------------------------------------------------------------
$ 905,484 $ 741,679
-------------------------------------------------------------------------
-------------------------------------------------------------------------



Interim Consolidated Statements of Operations and Comprehensive Income
(Loss)


Thousands of US dollars,
except share and per Three Months Twelve Months
share amounts, Ended Dec 31 Ended Dec 31
unaudited 2010 2009 2010 2009
-------------------------------------------------------------------------
Revenue $ 148,701 $ 110,698 $ 485,047 $ 484,976
-------------------------------------------------------------------------
Cost of sales 95,386 72,789 322,558 300,800
Depreciation and
depletion 35,579 26,733 114,031 104,126
Administrative
and general 3,468 3,617 12,524 10,679
Net interest income (562) (558) (2,176) (1,580)
Exploration 4,199 2,765 22,129 14,637
Currency translation
(gain) loss (6,795) (3,495) (8,614) 1,143
Accretion of site
closure and
reclamation costs 433 952 1,677 3,253
Write-down of mineral
properties 80,411 84,849 80,411 84,849
Write-down of
investments - 31 374 10,979
Other income (400) (170) (1,895) (1,123)
-------------------------------------------------------------------------
211,719 187,513 541,019 527,763
-------------------------------------------------------------------------
Loss before income
taxes (63,018) (76,815) (55,972) (42,787)
Income tax recovery
(expense)
Current (1,062) 981 1,309 (29,472)
Future (7,940) 8,079 (17,041) 22,753
-------------------------------------------------------------------------
(9,002) 9,060 (15,732) (6,719)
-------------------------------------------------------------------------
Net loss for the
period $ (72,020) $ (67,755) $ (71,704) $ (49,506)
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Other
comprehensive
income (loss)
Unrealized gain
(loss) on
available for
sale securities (616) 1,845 (1,465) (1,463)
Reclassification of
realized loss on
available for sale
securities to net
earnings - - 232 -
Reclassification of
other than temporary
loss on available for
sale securities to
net earnings - 31 374 10,979
Unrealized gain
on translation of
self-sustaining
operations 13,583 5,700 33,280 76,282
-------------------------------------------------------------------------
12,967 7,576 32,421 85,798
-------------------------------------------------------------------------
Comprehensive
income (loss) $ (59,053) $ (60,179) $ (39,283) $ 36,292
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Net loss per
share
Basic $ (0.25) $ (0.23) $ (0.25) $ (0.19)
Diluted $ (0.25) $ (0.23) $ (0.25) $ (0.19)
Weighted average
shares
outstanding
Basic 291,149,012 290,500,196 290,922,452 264,603,527
Diluted 291,149,012 290,500,196 290,922,452 264,603,527
-------------------------------------------------------------------------
-------------------------------------------------------------------------



Interim Consolidated Statements of Cash Flows

Three Months Twelve Months
Thousands of US Ended Dec 31 Ended Dec 31
dollars, unaudited 2010 2009 2010 2009
-------------------------------------------------------------------------
Operating
activities:
Net loss for the
period (72,020) $ (67,755) $ (71,704) $ (49,506)
Non-cash items:
Depreciation and
depletion 35,579 26,733 114,031 104,126
Unrealized
currency
translation
losses 97 724 511 4,543
Accretion of
site closure and
reclamation costs 433 952 1,677 3,253
Net loss (gain)
on disposal of
assets 54 (766) (1,280) (490)
Amortization of
deferred charges - - - 196
Stock-based
compensation 513 361 2,952 1,467
Accrual of employee
severance costs 452 650 1,845 2,177
Future income tax
expense (recovery) 7,940 (8,079) 17,041 (22,753)
Change in fair value
of forward
contracts 12,002 15,055 13,768 37,674
Write-down of
investments - 31 374 10,979
Inventory
obsolescence
provision 584 363 584 363
Write-down of mineral
properties 80,411 84,849 80,411 84,849
Loss on sale of
investments - - 232 -
Changes in operating
working capital and
other (9,563) (11,608) (73,157) 10,283
-------------------------------------------------------------------------
56,482 41,510 87,285 187,161
-------------------------------------------------------------------------
Investing activities:
Increase in
restricted cash (301) (113) (10,191) (220)
Purchase of mineral
property, plant and
equipment (28,475) (3,695) (61,024) (30,528)
Mineral property
development (25,229) (18,801) (94,119) (51,468)
Proceeds from sale
of equipment 114 - 627 -
Proceeds from
insurable asset
disposition - - 1,619 -
Transaction costs
paid (300) - (378) -
Proceeds from sale
of investments - - 119 -
-------------------------------------------------------------------------
(54,191) (22,609) (163,347) (82,216)
-------------------------------------------------------------------------
Financing activities:
Repayment of
equipment financing
obligations (2,185) (1,225) (7,621) (5,029)
Repayment of
short-term loan (306) (312) (1,354) (1,581)
Repayment of other
long-term liabilities (264) (218) (910) (546)
Issuance of convertible
senior notes, net
transaction costs 164,239 - 163,419 -
Issuance of common
shares 2,143 846 2,801 89,647
-------------------------------------------------------------------------

163,627 (909) 156,335 82,491
Effect of exchange
rate changes on cash
and cash equivalents 748 (377) 1,023 3,689
-------------------------------------------------------------------------

Increase in cash and
cash equivalents 166,666 17,615 81,296 191,125
Cash and cash
equivalents,
beginning of
period 168,174 235,929 253,544 62,419
-------------------------------------------------------------------------
Cash and cash
equivalents,
end of period $ 334,840 $ 253,544 $ 334,840 $ 253,544
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Supplementary
information
Cash paid during
the period for:
Interest $ 575 $ (274) $ 2,160 $ 2,298
Income taxes - - 26,913 587
Purchase of mineral
property, plant
and equipment
through financing
arrangements 1,239 2,734 13,936 2,734
Mine construction
financed by accounts
payable and accrued
liabilities 8,935 - 18,836 -
Insurance premiums
financed by a loan
facility 650 - 650 856
Investment tax credit
recorded as a
reduction to
mineral property,
plant and equipment 1,878 - 5,366 -
Interest capitalized
to mineral property,
plant and equipment 1,435 - 1,435 -
Accretion on
convertible senior
notes capitalized to
mineral property,
plant and equipment 1,293 - 1,293 -
Deferred transaction
costs transferred to
liability or equity 820 - - 775
Future income tax
benefits recorded
in equity 354 (211) 354 1,565
-------------------------------------------------------------------------
-------------------------------------------------------------------------

This press release should be read in conjunction with the Corporation's fourth quarter MD&A report and accompanying unaudited interim consolidated financial statements, which can be found on Northgate's website at www.northgateminerals.com.

Financial figures for the fourth quarter and full year 2010 are unaudited estimates and are subject to revision. Northgate will file its complete 2010 audited annual financial statements, including the notes to the consolidated financial statements, with both the Canadian and US Securities regulatory authorities on SEDAR (www.sedar.com) and EDGAR (www.sec.gov) by March 31, 2011.

Appendix I - Mineral Reserves and Resources

Mineral Reserves - Proven & Probable

Grades Contained Metal
-----------------------------------
Copper
At December Quantity Gold Copper Gold (000s
31, 2010 Category (tonnes) (g/t) (%) (ounces) lbs)
-------------------------------------------------------------------------
Kemess South Proven 3,495,000 0.24 0.12 27,000 9,247
-------------------------------------------------------------------------
Fosterville Proven 446,000 7.19 n/a 103,000 n/a
Probable 2,659,000 4.35 n/a 372,000 n/a
--------------------------------------------------------
3,105,000 4.76 475,000
-------------------------------------------------------------------------
Stawell
(underground) Proven 254,000 3.69 n/a 30,000 n/a
(open pit) Probable 452,000 1.96 n/a 28,000 n/a
(underground) Probable 1,342,000 4.06 n/a 175,000 n/a
--------------------------------------------------------
2,048,000 3.55 234,000
-------------------------------------------------------------------------
Young-Davidson
(open pit) Proven 3,793,000 1.60 n/a 195,000 n/a
(open pit) Probable 2,388,000 1.69 n/a 130,000 n/a
(underground) Proven 3,469,000 3.22 n/a 359,000 n/a
(underground) Probable 22,740,000 2.92 n/a 2,135,000 n/a
--------------------------------------------------------
32,390,000 2.64 2,819,000
-------------------------------------------------------------------------
Total Proven & Probable
Reserves 41,038,000 3,555,000 9,247
-------------------------------------------------------------------------
-------------------------------------------------------------------------



Mineral Resources - Measured & Indicated

Grades Contained Metal
-----------------------------------
Copper
At December Quantity Gold Copper Gold (000s
31, 2010 Category (tonnes) (g/t) (%) (ounces) lbs)
-------------------------------------------------------------------------
Kemess
Underground Indicated 136,500,000 0.56 0.29 2,610,000* 861,000
-------------------------------------------------------------------------
Young-Davidson
(underground) Indicated 132,000 3.08 n/a 13,100 n/a
-------------------------------------------------------------------------
Fosterville
(less than
100m from
surface) Measured 2,745,000 2.21 n/a 195,000 n/a
(less than
100m from
surface) Indicated 4,760,000 1.54 n/a 236,000 n/a
(greater
than
100m from
surface) Indicated 1,556,000 4.67 n/a 234,000 n/a
----------------------------------------------------------
9,061,000 2.28 665,000
-------------------------------------------------------------------------
Stawell
(less than
100m from
surface) Indicated 2,975,000 2.19 n/a 209,000 n/a
(greater
than 100m
from
surface) Indicated 448,000 4.62 n/a 67,000 n/a
3,423,000 2.51 276,000
-------------------------------------------------------------------------
Total Measured
& Indicated
Resources 149,116,000 3,564,000
-------------------------------------------------------------------------
-------------------------------------------------------------------------

* Includes silver contribution @ 55 ounces of silver to one ounce of
gold.


Mineral Resources - Inferred
Grades Contained Metal
-----------------------------------
Copper
At December Quantity Gold Copper Gold (000s
31, 2010 Category (tonnes) (g/t) (%) (ounces) lbs)
-------------------------------------------------------------------------
Kemess
Underground Inferred 6,000,000 0.42 0.22 90,000* 30,000
-------------------------------------------------------------------------
Young-Davidson
(open pit) Inferred 20,000 1.76 n/a 1,000 n/a
(underground) Inferred 5,950,000 3.40 n/a 650,000 n/a
----------------------------------------------------------
5,970,000 3.40 651,000
-------------------------------------------------------------------------
Fosterville
(less than
100m from
surface) Inferred 2,379,000 1.70 n/a 130,000 n/a
(greater than
100m from
surface) Inferred 3,044,000 4.77 n/a 467,000 n/a
----------------------------------------------------------
5,423,000 3.42 597,000
-------------------------------------------------------------------------
Stawell
(less than
100m from
surface) Inferred 25,000 2.30 n/a 2,000 n/a
(greater than
100m from
surface) Inferred 680,000 4.97 n/a 109,000 n/a
----------------------------------------------------------
705,000 4.90 111,000
-------------------------------------------------------------------------
Total Measured
& Indicated
Resources 18,098,000 1,449,000
-------------------------------------------------------------------------
-------------------------------------------------------------------------

* Includes silver contribution @ 55 ounces of silver to one ounce
of gold.


Notes to Mineral Reserves and Resources

1. Mineral reserves and mineral resources for Kemess South, Kemess
Underground and Young-Davidson have been estimated in accordance with
the definitions contained in the Canadian Institute of Mining,
Metallurgy and Petroleum ("CIM") Standards and National Instrument
43-101 ("NI 43-101").

2. Mineral reserves and mineral resources for Fosterville and Stawell
have been estimated in accordance with the AusIMM JORC Code and have
been reconciled to CIM Standards as prescribed by NI 43-101.

3. All mineral resources are exclusive of mineral reserves.

4. Mineral resources that are not mineral reserves do not have
demonstrated economic viability.

5. Mineral reserves and resources are rounded to 1,000 tonnes, 0.01 g/t
gold and 1,000 ounces. Minor discrepancies in summations may occur
due to rounding.

6. Mineral reserves were calculated using the following parameters:

- Kemess South: exchange rate Cdn$/US$1.03; gold price $1,300/oz;
copper price $4.00/lb; and, silver price $15.00/oz. Operating
assumptions were as follows: gold recovery 57.5%; copper recovery
77.8%; mining costs Cdn$1.20/tonne; milling costs Cdn$4.00/tonne;
and, G&A costs Cdn$1.50/tonne.

- Young-Davidson: Underground mineral reserves were estimated using
an average long-term gold price of $725/oz (Cdn$853/oz). A 1.7 g/t
gold cut-off grade was applied to the underground resource model
for the sublevel cave and longhole shrinkage mining methods based
on 15% dilution, mining costs of Cdn$21.74, process costs of
Cdn$11.40, G&A costs of Cdn$2.75 and a gold recovery of 92.5%. A
2.3 g/t gold cut-off grade was applied to the longhole retreat
mining method to account for the additional capital development
and lower productivity of this mining method. The open pit gold
cut-off considers ore-based operating costs of $12.11/tonne
(processing and G&A), a gold recovery of 91%, a $0.68/tonne
stockpile rehandle cost and royalty costs as appropriate. A
0.62 g/t cut-off was applied within royalty free claims, 0.68 g/t
cut-off and 0.69 g/t cut-off applied to claims subject to royalty
agreements. For open pit reserves, the following parameters were
used: exchange rate Cdn$/US$1.00, gold price $1,200/oz, a 91.5%
gold recovery and a Cdn$18.82/tonne open pit operating cost to
estimate a breakeven cut-off of approximately 0.6 g/t gold. A
minimum true thickness of approximately five metres was employed
in defining the mineralized drill intercepts.

- Fosterville: gold price A$1,165/oz; cut-off grade applied was
variable for underground ore depending on width, mining method and
ground conditions; dilution of 5%-30% and mining recovery of 70%-
100% were applied depending on mining method.

- Stawell: gold price A$1,165/oz; cut-off grade applied was variable
for underground ore depending upon width, mining method and ground
conditions. Wonga surface and Magdala surface above 130 mRL and
above, a nominal 0.8 g/t gold cut-off was applied.

7. Mineral resources were calculated using the following parameters:

- Young-Davidson: Mineral resources were estimated using an average
long-term gold price of $750/oz (Cdn$806/oz). Underground
mineralized wireframes constructed based on approximately a
1.70 g/t gold cut-off grade, a 1.3 g/t incremental cut-off grade
and a minimum true thickness of three metres. Open pit mineralized
wireframes constructed based on approximately a 0.60 g/t gold cut-
off grade and a minimum true thickness of five metres.

- Kemess Underground: Mineral resources were estimated using an
average long-term exchange rate Cdn$/US$1.00, gold price of
$1,100/oz, copper price of $ 2.80/lb and silver of $20.00/oz. Gold
recoveries of 68% and copper recoveries of 90% were used.

- Fosterville: gold price A$1,250/oz; cut-off grade applied were
0.5 g/t gold for oxide, 1.0 g/t gold for near-surface sulphide
(above 5050mRL) and 3.0 g/t gold for underground sulphide (below
5050mRL).

- Stawell: gold price A$1,250/oz; Wonga Surface and Magdala surface
above 130 mRL and above, a nominal 0.8 g/t gold cut-off was
applied.

8. Mineral reserve estimates were prepared by:

- Kemess South: Gordon Skrecky, Chief Mine Geologist, Kemess mine.
Mr. Skrecky is a member of the Association of Professional
Engineers and Geoscientists of British Columbia and has over 24
years of experience in mineral resource estimation.

- Young-Davidson: Underground mineral reserve estimates were
prepared by Gary Taylor, Mining Manager, AMEC Americas Limited
("Amec"), Jay Melnyk, Principal Mining Manager, Amec, and Carl
Edmunds, Exploration Manager, Northgate Minerals Corporation. Mr.
Taylor is a member of the Association of Professional Engineers of
Saskatchewan and the Association of Professional Engineers of the
Province of Manitoba and has over 37 years of relevant geological
experience. Mr. Melnyk is a member of the Association of
Professional Engineers and Geoscientists of British Columbia and
has over 20 years of relevant geological experience. Mr. Edmunds
is a member of the Association of Professional Engineers,
Geologists and Geophysicists of British Columbia and has 23 years
of experience in mineral resource estimation. Open pit mineral
reserve estimates were prepared by Jim Grey, GR Technical Services
Ltd. Mr. Gray is a member of the Association of Professional
Engineers and Geoscientists of the province of British Columbia,
the Association of Professional Engineers, Geologists and
Geophysicists of Alberta and the Canadian Institute of Mining and
Metallurgy and has over 31 years of relevant engineering
experience.

- Fosterville: Ion Hann, Mining Manager, Northgate and Marcus Binks,
Processing Manager, Northgate. Mr. Hann is a member of the
Australasian Institute of Mining and Metallurgy and has over 20
years of relevant engineering experience. Mr. Binks is a member of
the Australasian Institute of Mining and Metallurgy and has over
18 years of relevant metallurgical experience.

- Stawell: Austin Hemphill, Mine Technical Superintendent,
Northgate. Mr. Hemphill is a member of the Australasian Institute
of Mining and Metallurgy and has over eight years of relevant
engineering experience.

9. Mineral resource estimates were prepared by:

- Young-Davidson: Carl Edmunds, Exploration Manager, Northgate.

- Kemess Underground: Northgate's geological staff, which includes a
number of individuals who are Qualified Persons as defined under
NI 43-101 and under the supervision of Carl Edmunds, Exploration
Manager, Northgate.

- Fosterville: Simon Hitchman, District Exploration Geologist,
Northgate and Paul Napier, Senior Mine Geologist, Northgate. Mr.
Hitchman is a member of the Australasian Institute of Mining and
Metallurgy and the Australian Institute of Geoscientists and has
over 24 years of relevant geological experience. Mr. Napier is a
member of the Australasian Institute of Mining and Metallurgy and
has 13 years of relevant geological experience.

- Stawell: Mark Haydon, Geology Manager, Stawell Gold Mines. Mr.
Haydon is a member of the Australasian Institute of Geoscientists
and has over 16 years of relevant geological experience.

Q4 and Year End 2010 Financial Results - Conference Call and Webcast

You are invited to participate in today's live conference call and webcast discussing our fourth quarter and year-end financial results. The conference call and webcast will be held at 10:00 am Toronto time.

You may participate in our conference call by calling 647-427-7450 or toll free in North America at 1-888-231-8191. To ensure your participation, please call five minutes prior to the scheduled start of the call.

A live audio webcast and presentation package will be available on Northgate's homepage at www.northgateminerals.com.

Conference Replay

For those unable to participate in the conference call at the scheduled time, a replay of the conference call will be available beginning on March 8, 2011 at 1:00 p.m. ET until March 15, 2011 at 11:59 p.m. ET.

Replay Access # 416-849-0833 Passcode: 432 128 03 #
Replay Access # 800-642-1687 Passcode: 432 128 03 #

A podcast will also be made available at http://podcast.newswire.ca/feeds/newswire/97360-en.xml.

Northgate Minerals Corporation is a gold and copper producer with mining operations, development projects and exploration properties in Canada and Australia. Our vision is to be the leading intermediate gold producer by identifying, acquiring, developing and operating profitable, long-life mining properties.

Qualified Person

The program design, implementation, quality assurance/quality control and interpretation of the results are under the control of Northgate's geological staff, which includes a number of individuals who are qualified persons as defined under NI 43-101. Carl Edmunds, PGeo, Northgate's Exploration Manager, has reviewed the geologic content of this release.

Note to Investors:

The terms "Qualified Person", "Mineral Reserve", "Proven Mineral Reserve", "Probable Mineral Reserve", "Mineral Resource", "Measured Mineral Resource", "Indicated Mineral Resource", and "Inferred Mineral Resource" used in this news release are defined in accordance with NI 43-101. All mineral resources are exclusive of mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Cautionary Note Regarding Forward-Looking Statements and Information:

This Northgate press release contains "forward-looking information", as such term is defined in applicable Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, concerning Northgate's future financial or operating performance and other statements that express management's expectations or estimates of future developments, circumstances or results. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "believes", "anticipates", "budget", "scheduled", "estimates", "forecasts", "intends", "plans" and variations of such words and phrases, or by statements that certain actions, events or results "may", "will", "could", "would" or "might" "be taken", "occur" or "be achieved". Forward-looking information is based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Northgate operates, are inherently subject to significant operational, economic and competitive uncertainties and contingencies. Northgate cautions that forward-looking information involves known and unknown risks, uncertainties and other factors that may cause Northgate's actual results, performance or achievements to be materially different from those expressed or implied by such information, including, but not limited to gold and copper price volatility; fluctuations in foreign exchange rates and interest rates; the impact of any hedging activities; discrepancies between actual and estimated production, between actual and estimated reserves and resources or between actual and estimated metallurgical recoveries; costs of production; capital expenditure requirements; the costs and timing of construction and development of new deposits; and the success of exploration and permitting activities. In addition, the factors described or referred to in the section entitled "Risk Factors" in Northgate's Annual Information Form for the year ended December 31, 2009 or under the heading "Risks and Uncertainties" in Northgate's 2009 Annual Report, both of which are available on the SEDAR website at www.sedar.com, should be reviewed in conjunction with the information found in this press release. Although Northgate has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in forward-looking information, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information in this press release is made as of the date of this press release, and Northgate disclaims any intention or obligation to update or revise such information, except as required by applicable law.

Cautionary Note to US Investors Regarding Mineral Reporting Standards:

The Company prepares its disclosure in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Terms relating to mineral resources in this press release are defined in accordance with National Instrument 43-101-Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy, and Petroleum Standards on Mineral Resources and Mineral Reserves. The Securities and Exchange Commission (the "SEC") permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. The Company uses certain terms, such as, "measured mineral resources" "indicated mineral resources", "inferred mineral resources" and "probable mineral reserves", that the SEC does not recognize (these terms may be used in this press release and are included in the Company's public filings which have been filed with securities commissions or similar authorities in Canada).

SOURCE Northgate Minerals Corporation

http://tmx.quotemedia.com/article.php?newsid=39321781&qm_symbol=NXG:US

[NYBob]

NXG GOLD On the Verge of a Gigantic Move Higher






God Bless

[NYBob]

Northgate Minerals Sells Auction Rate Securities

http://tmx.quotemedia.com/article.php?newsid=39017598&qm_symbol=NXG:US

[trade2much]

NR - the chart is very positive with NR's SP filling the gap down,

[mick]

http://barchart.com/quotes/stocks/nxg

[NYBob]

Kemess Mine Underground

http://www.northgateminerals.com/Theme/Northgate/files/media/PDF/Northern%20Miner%20-%20Northgate%20eyes%20underground%20potential%20of%20Kemess%20North%20Jan%202011.pdf

Northgate Minerals Announces Updated Resource Estimate for Kemess Underground

http://finance.yahoo.com/news/Northgate-Minerals-Announces-cnw-3948839431.html?x=0&.v=1

[NYBob]

Northgate Minerals Announces Updated Resource Estimate for Kemess Underground

http://finance.yahoo.com/news/Northgate-Minerals-Announces-cnw-3948839431.html?x=0&.v=1

Press Release Source: Northgate Minerals Corporation On Tuesday February 15, 2011, 10:43 pm EST

Indicated Resource Contains 2.6 Million Ounces of Gold and 860 Million Pounds of Copper

VANCOUVER, Feb. 15 /CNW/ - Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) is pleased to report an updated NI 43-101 compliant resource estimate for the Kemess Underground Project, located five kilometres ("km") north of the Kemess South mine and milling complex in north-central British Columbia. The updated resource estimate follows on the completion of a 30-hole infill diamond drill program at Kemess Underground in 2010.

Highlights

<<
- Indicated Resource of 136.5 million tonnes ("Mt") containing 2.6
million ounces of gold and 860.6 million pounds of copper.
- Identified a 10.3 Mt, high-grade sector of the overall resource
containing 450,000 ounces of gold and 119 million pounds of copper
grading 1.35 grams per tonne ("g/t") gold and 0.52% copper,
respectively.
- Northgate has engaged AMC Mining Consultants ("AMC") to complete
technical studies, which will be incorporated into a NI 43-101
compliant Preliminary Assessment.
>>

"We are very pleased with the results of the new resource estimate for Kemess Underground, which has exceeded our initial expectations and increased our confidence in this significant resource" commented Ken Stowe, President and Chief Executive Officer. "In addition to increasing the gold and copper content of the resource, the 2011 drill results have identified a continuous, high-grade sector of the resource, which should allow us to enhance the value of the project if it can be scheduled for mining during the early years of production. In the third quarter of 2011, we look forward to filing a Preliminary Assessment, which will outline the economics for mining a large portion of the identified resources."

Kemess Underground - Synopsis

The 2010 infill diamond drill program was designed and executed to increase confidence in the grade distribution, location and geotechnical characteristics of a target area containing approximately 70 Mt of mineralization that had been identified as potentially mineable using low-cost bulk underground mining methods. The target area is situated in the eastern portion of the Kemess North deposit(1) approximately 300 and 600 metres ("m") below surface. The target zone of 70 Mt was initially estimated to contain approximately 1.4 million ounces of gold and 500 million pounds of copper using a resource model based upon an internal revision of the 2005 NI 43-101 resource estimate for Kemess North and an engineered outline at a $15 Net Smelter Return ("NSR") cut-off for vertical columns of blocks. The target zone was a potentially mineable subset of a larger Indicated Resource of 121.1 Mt containing 2.3 million ounces of gold and 819 million pounds of copper.

Using a $15 block NSR cut-off, the new 2011 Indicated Resource estimate for Kemess Underground is now 136.5 Mt containing 2.6 million ounces of gold, 860.6 million pounds of copper and 9.2 million ounces of silver.

Kemess Underground 2011 Resource

The 2011 resource estimate captures all drilling completed to November 2010 and is based upon a total of 146 drill holes. Initial estimates for underground bulk mining costs, combined with milling and general and administrative (G&A) costs consistent with the size of operation envisioned for the Kemess underground, indicate that a mine could be economically viable with a NSR cut-off in the range of $13-$15 per tonne of ore. Table 1 shows resource estimates for NSR cut-offs of $15 and $13 per tonne and for the "All blocks" area, which has boundaries that are 60 m outside the $13 per tonne NSR cut-off along the western margin and 30 m outside the $13 per tonne NSR cut-off elsewhere.

Table 1: 2011 Kemess Underground Resources (using $1,100/oz gold, $2.80/lb copper and $20/oz silver)


------------------------------------------------------------------------
Indicated
Cut-Off Tonnes Au Cu Ag Gold* Copper NSR(xx)
(Cdn$/t NSR) (Mt) (g/t) (%) (g/t) (Mozs) (Mlbs) (Cdn$/t)
------------------------------------------------------------------------
$15 136.5 0.558 0.29% 2.105 2.61 860.6 $24.96
$13 162.8 0.513 0.27% 1.992 2.87 964.8 $23.19
All blocks 185.0 0.477 0.25% 1.882 3.04 1032.9 $21.72
------------------------------------------------------------------------

------------------------------------------------------------------------
Inferred
Cut-Off Tonnes Au Cu Ag Gold* Copper NSR(xx)
(Cdn$/t NSR) (Mt) (g/t) (%) (g/t) (Mozs) (Mlbs) (Cdn$/t)
------------------------------------------------------------------------
$15 6.0 0.42 0.22% 1.65 0.09 29.6 $19.07
$13 7.8 0.39 0.21% 1.57 0.10 36.6 $17.96
All blocks 10.2 0.35 0.20% 1.43 0.12 43.7 $16.25
------------------------------------------------------------------------
* Includes silver contribution at 55 ounces of silver to one ounce of
gold.
(xx)NSR or in-situ recovered value assumes metallurgical recoveries of
90% for copper and 68% for gold and an exchange rate of 1.00




At a $15 NSR cut-off, the total Indicated Resource for Kemess Underground is 136.5 Mt containing 2.6 million ounces of gold, 860.6 million pounds of copper and 9.2 million ounces of silver. The 2011 resource is a significant improvement over the May 2010 resource, which showed 121.1 Mt containing 2.3 million ounces of gold and 819 million pounds of copper at a $15 NSR cut-off. This represents an 18% increase in tonnes, a 10% increase in contained gold and a 9% increase in contained copper, resulting from better definition of the +1.0 g/t material within the target area and on improved metal price assumptions.

The 2011 mineral resource estimate will form the basis of a Preliminary Assessment, which Northgate expects to file in the third quarter of 2011 once AMC has completed engineering studies relating to the geotechnical and economic feasibility of developing an underground mine at Kemess.

High-Grade Sector

The 2010 infill drilling reported some of the highest grade intercepts on the Kemess property and it is clear that these intercepts come from a continuous zone measuring 350 m x 180 m x 90 m located adjacent to two faults in the north-east corner of the deposit. The resources within the high-grade sector amount to 10.3 Mt grading 1.35 g/t gold, 0.52% copper and 3.09 g/t silver. There are obvious economic benefits of having 450,000 ounces of gold, 119 million pounds of copper and 1.03 million ounces of silver contained within a small tonnage that could be scheduled for mining early on in the mine-life to provide higher cash flow in the early years and a better payback. Figure 1 shows the location of the high-grade sector relative to the Kemess Underground resource outline.

Figure 1: Plan Map showing Kemess Underground Resource (gray) and the high-grade sector (red). Drill hole traces in blue and 50 m surface elevation contours in grey. Red outline shows $13 mining target area.

www.northgateminerals.com/Theme/Northgate/files/Releases/2011/KUG_Fig1.jpg

Resource Estimate Details

A 20 m x 30 m x 20 m block model was generated by Northgate's resource geologist under supervision by the qualified person noted below. Grade for copper and gold was estimated by ordinary kriging interpolation methods from 6 m uncapped composites of diamond drill core samples. Silver grades were estimated using silver analytical values and co-kriged with copper using a cross variogram.

* * * * * * *

Quality Control - Analyses and Sample Location

Details of quality assurance/quality control procedures for sample analysis and drill hole survey methodology are reported in detail in the Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") compliant Technical Report filed on SEDAR (www.sedar.com) on May 6 2005. All 2010 drill holes have had their down hole surveys completed by non-magnetic based instruments such as gyroscope or DeviFlex.

Qualified Persons

The program design, implementation, quality assurance/quality control and interpretation of the results are under the control of Northgate's geological staff, which includes a number of individuals who are qualified persons as defined under NI 43-101. Carl Edmunds, PGeo, Northgate's Exploration Manager, has reviewed the technical contents of this release.

* * * * * * *

Note to Investors:

The terms "Qualified Person", "Mineral Reserve", "Proven Mineral Reserve", "Probable Mineral Reserve", "Mineral Resource", "Measured Mineral Resource", "Indicated Mineral Resource", and "Inferred Mineral Resource" used in this news release are defined in accordance with NI 43-101.

* * * * * * *

Northgate Minerals Corporation is a gold and copper producer with mining operations, development projects and exploration properties in Canada and Australia. Our vision is to be the leading intermediate gold producer by identifying, acquiring, developing and operating profitable, long-life mining properties.

* * * * * * *

Cautionary Note Regarding Forward-Looking Statements and Information:

This Northgate press release contains "forward-looking information", as such term is defined in applicable Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, concerning Northgate's future financial or operating performance and other statements that express management's expectations or estimates of future developments, circumstances or results. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "believes", "anticipates", "budget", "scheduled", "estimates", "forecasts", "intends", "plans" and variations of such words and phrases, or by statements that certain actions, events or results "may", "will", "could", "would" or "might" "be taken", "occur" or "be achieved". Forward-looking information is based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which Northgate operates, are inherently subject to significant operational, economic and competitive uncertainties and contingencies. Northgate cautions that forward-looking information involves known and unknown risks, uncertainties and other factors that may cause Northgate's actual results, performance or achievements to be materially different from those expressed or implied by such information, including, but not limited to gold and copper price volatility; fluctuations in foreign exchange rates and interest rates; the impact of any hedging activities; discrepancies between actual and estimated production, between actual and estimated reserves and resources or between actual and estimated metallurgical recoveries; costs of production; capital expenditure requirements; the costs and timing of construction and development of new deposits; and the success of exploration and permitting activities. In addition, the factors described or referred to in the section entitled "Risk Factors" in Northgate's Annual Information Form for the year ended December 31, 2009 or under the heading "Risks and Uncertainties" in Northgate's 2009 Annual Report, both of which are available on the SEDAR website at www.sedar.com, should be reviewed in conjunction with the information found in this press release. Although Northgate has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in forward-looking information, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information in this press release is made as of the date of this press release, and Northgate disclaims any intention or obligation to update or revise such information, except as required by applicable law.

Cautionary Note to US Investors Regarding Mineral Reporting Standards:

The Company prepares its disclosure in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Terms relating to mineral resources in this press release are defined in accordance with National Instrument 43-101-Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy, and Petroleum Standards on Mineral Resources and Mineral Reserves. The Securities and Exchange Commission (the "SEC") permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. The Company uses certain terms, such as, "measured mineral resources" "indicated mineral resources", "inferred mineral resources" and "probable mineral reserves", that the SEC does not recognize (these terms may be used in this press release and are included in the Company's public filings which have been filed with securities commissions or similar authorities in Canada).

(1) Kemess North 2005 resource: 719,190,000 tonnes @ 0.30 g/t gold and 0.15% copper.
British Columbia Mining (TSE:NGX)

[mick]

thank you fer info.

[NYBob]

Northgate Minerals Corporation; conference call and webcast discussing our fourth quarter and year-end financial results
VANCOUVER, Feb. 7 /CNW/ -

You are invited to participate in the

Northgate Minerals Corporation
(NXG:$2.7400,$0.0500,1.86%) live conference call and webcast discussing our fourth quarter and year-end financial results. The conference call and webcast will take place on Tuesday, March 8, 2011at 10:00 am Toronto time.
Northgate's fourth quarter financial results will be released before the market opens on March 8th.
You may participate in the live conference call by dialing 647-427-7450 or toll free in North America at 1-888-231-8191.
To ensure your participation, please call five minutes prior to the scheduled start of the call.
A live and archive webcast of this call, which includes the company's presentation slides, will be made available on Northgate's website at www.northgateminerals.com.
Conference Replay

For those unable to participate in the conference call at the scheduled time, a replay of the conference call will be available beginning on March 8, 2011 at 1:00 p.m. ET until March 15, 2011 at 11:59 p.m. ET.


Replay Access No. 416-849-0833 Passcode: 432 128 03#
Replay Access No. 800-642-1687 Passcode: 432 128 03#

A podcast will also be made available at http://podcast.newswire.ca/feeds/newswire/97360-en.xml.
All post are my oppinion, unless posted with a link of company pr you should always make your own decision, after all it is your money not mine$ ;<}

[mick]

i like da triangle da best angle side angle.

[NYBob]

The Beauty Of Mathematics -

one great stock/mining company.

re;
Northgate Minerals -

http://goldstocksdaily.com/2010/06/10/northgate-minerals/

nxg is one of the cheapest minig company. production is very good.
by mick thanks

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59312503

[mick]

Bob i have followed this on from less than a dollar to where NXG trades today.

one great stock/mining company.

re;
Northgate Minerals -

http://goldstocksdaily.com/2010/06/10/northgate-minerals/

nxg is one of the cheapest minig company. production is very good.
by mick thanks

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59312503

[NYBob]

Northgate Minerals -

http://goldstocksdaily.com/2010/06/10/northgate-minerals/

nxg is one of the cheapest minig company. production is very good.
by mick thanks

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59312503