Northgate Minerals Corp fka NGX

[mick]

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

[NYBob]

Kemess North - NXG They are looking to turn it into an underground block cave operation.
They will just start to mine the high grade section.
It will only be 40% of the original planned Kemess North mine,
but 40% is better than 0%.

Northgate is modeling a block cave operation with 1.4 million oz
of gold and 500 million pounds of copper.
Using the 12 year mine life they had for the open pit, that
translates into about 120,000 oz gold and 40 million pounds
of copper production per year from this underground mine.
They can also use the existing mill at Kemess South, so not only
does that save them money but it also speeds up the development time.

In order to develop a more detailed block caving model, Northgate
is going to have to do additional resource definition drilling
to enable a greater degree of confidence in the potential of
the high-grade resource. An exploration budget of $3 million
has been approved and diamond drilling is scheduled to
commence 2010 summer....







http://www.northgateminerals.com/OperationsProjects/canadian-operations/kemess-underground/current-operations/default.aspx

Successful Drill Program in 2010



http://www.northgateminerals.com/OperationsProjects/canadian-operations/kemess-underground/Kemess-North-Resources/default.aspx

[mick]

great production #'s and revs looking pretty good.

[NYBob]

mick the cost to mine gold assets? Ex. the Kemess South Gold and Copper Mine -



The Kemess South Gold & Copper Mine -
posted solid fourth quarter production of 25,087 ounces of gold and
10.6 million pounds of copper,
bringing total production for all of 2010 to 100,789 ounces
of gold and 40.7 million pounds of copper.

The net cash costs for the fourth quarter and full year 2010
were $133 and $370 per ounce, respectively, which was slightly
higher than forecast due to lower than forecast copper
production in the fourth quarter of the year.

Northgate Minerals Reports 2010 Gold Production of 272,712 Ounces

Gold Sales of 70,145 Ounces in Q4 -

the cost for the Australian gold mines Au was higher but
still at a good profit

http://www.northgateminerals.com/news-and-media/press-releases/press-releases-details/2011/Northgate-Minerals-Reports-2010-Gold-Production-of-272712-Ounces1123842/default.aspx

God Bless

[mick]

Bob do we have the cost to mine gold assets?

[NYBob]

Northgate Minerals Reports 2010 Gold Production of 272,712 Ounces

Gold Sales of 70,145 Ounces in Q4



01.13.2011
Download this Press Release
http://www.northgateminerals.com/

http://www.northgateminerals.com/news-and-media/press-releases/press-releases-details/2011/Northgate-Minerals-Reports-2010-Gold-Production-of-272712-Ounces1123842/default.aspx

VANCOUVER, Jan. 13 /CNW/ - (All figures in US dollars except where noted) -

Northgate Minerals Corporation -
(TSX: NGX, NYSE Amex: NXG) is pleased to report gold production of 66,077 ounces in the fourth quarter of 2010, bringing full year production to 272,712 ounces of gold.


Production Highlights

<<
- Fourth quarter gold production of 66,077 ounces at
Northgate's three operating mines:

- Fosterville finished out the year with quarterly gold
production of 23,108 ounces of gold, which exceeded
forecast by 10%.
Full year production at Fosterville was 100,441 ounces
of gold.

- Stawell produced 17,882 ounces of gold during the
fourth quarter,
bringing full year production to 71,482 ounces of gold.

- Kemess reached its quarterly and annual forecast,
producing 25,087 ounces of gold in the fourth quarter,
bringing annual production
to a total of 100,789 ounces of gold.

- The estimated average net cash cost* of production for
the fourth quarter was $655 per ounce, bringing the
full year cash cost to $662 per ounce.

- Metal sales for the fourth quarter totalled 70,145
ounces of gold and 12.4 million pounds of copper.
>>


The following table provides a summary of production at Northgate's operations in 2010.

<<
Q1 2010 Q2 2010 Q3 2010 Q4 2010 2010 Total
-------------------------------------------------------------------------
Gold Production
(ounces)
Fosterville 26,421 28,476 22,436 23,108 100,441
Stawell 22,238 14,832 16,530 17,882 71,482
Kemess 24,703 24,967 26,033 25,087 100,789
-------------------------------------------------------------------------
Total Gold
Production (ounces) 73,362 68,275 64,999 66,077 272,712
-------------------------------------------------------------------------
Copper Production
(thousands pounds) 9,529 9,643 10,869 10,625 40,666
Net cash cost
($/ounce)(1) 654 693 645 655 662
-------------------------------------------------------------------------
Gold Sales (ounces) 75,128 65,943 58,083 70,145 269,299
Copper Sales
(thousands pounds) 11,145 7,997 7,434 12,363 38,939
-------------------------------------------------------------------------
-------------------------------------------------------------------------

(1) Q4 and full year 2010 cash cost figures are unaudited estimates and
are subject to revision.
>>

"We capped off 2010 by delivering fourth quarter gold production,
which was consistent with guidance and our gold sales totalled
70,145 ounces," commented Ken Stowe, Northgate's President and CEO.
"In Australia, our Fosterville mine had an extremely strong
quarter with production significantly higher than forecast and,
while our Stawell mine continued to show steady improvement,
quarterly production came up short of our projection.
The Kemess mine had another excellent quarter bringing its 2010
total to over 100,000 ounces of gold for its final full year
of production at a net cash cost of $370 per ounce.
As announced earlier this week in our three year production
forecast, we are looking forward to the considerable growth
and transition of our company as we focus on building
the Young-Davidson mine in 2011.
Young-Davidson, along with our Australian operations and
a robust $14.5 million exploration program focusing on a
number of exciting discoveries and targets, position
Northgate well for significant and sustainable growth for
many years to come."


Results of Operations


Fosterville Gold Mine



The Fosterville Gold mine 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.
The mine produced a total of 100,441 ounces of gold in 2011,
which was slightly less than the 103,360 ounces produced last
year.
The net cash cost of production in the fourth quarter and full
year 2010 were lower than the most recent forecast at $856
and $739 per ounce, respectively, despite the substantial
appreciation of the Australian dollar during the year, which
averaged slightly below parity with the US dollar for the last
three months of 2010.
Production in 2011 is forecast to be in the range of 97,000 -
102,000 of gold.


Stawell Gold Mine



During the fourth quarter, the Stawell Gold mine produced 17,882
ounces of gold at a net cash cost of $1,127 per ounce.
The mine has continually improved operations since the low
production performance in the second quarter of the year.
However, production in the fourth quarter was hampered by lower
grades mined than forecast.
For the full year 2010, Stawell produced 71,482 ounces of gold
at an average net cash cost of $964 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, and
in years 2012 and 2013, this ramp up of 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.


Kemess South Gold and Copper Mine -



The Kemess South mine posted solid fourth quarter production
of 25,087 ounces of gold and 10.6 million pounds of copper,
bringing total production for all of 2010 to 100,789 ounces
of gold and 40.7 million pounds of copper.
The net cash costs for the fourth quarter and full year 2010
were $133 and $370 per ounce, respectively, which was slightly
higher than forecast due to lower than forecast copper
production in the fourth quarter of the year.

Kemess South is scheduled to close in March 2011.
Since taking ownership of the operation in 2000, the mine
has produced nearly three million ounces of gold and
700 million pounds of copper, generating almost $900 million
in cash flow from operations.




Young-Davidson Gold Mine



Significant progress was made during the last half of 2010,
as a number of activities ramped up on site since construction
began in August.
In the fourth quarter, we completed construction of the new
hoist house for the existing shaft.
We also completed the raise bore pilot hole for the first leg
of a new 5.5 metre ("m") diameter Northgate production shaft
and are pleased to announce that the raise bore work for the
shaft has commenced.
In addition, we completed clearing the area where the process
plant will be built and have commenced pouring concrete for
the mill building.
Construction of the main plant site and tailings impoundment
areas was ongoing during the quarter and will continue
through 2011.

In the underground section of the mine, we installed and
commissioned new ventilation equipment to service the increased
mine development activities.
The ramp that will serve as the main access to underground
ore was extended to a total length of 3,900 m and an additional
755 m of lateral development was achieved during the quarter.


In the first half of 2011, major development activities include:

<<
- Continuing major earthworks required for the preparation
of the project site.

- Commissioning the new hoist and commencing sinking
operations of the existing shaft.

- Raise boring work for the first leg of a new 5.5 m
diameter Northgate production shaft.

- Completing the erection of the mill building.

- Preparing the materials required for the construction
of the tailings dam.

- Starting the installation of major process equipment.

- Continuing with the construction of the 115 kV power line.

- Commencing the open pit pre-production development.
>>


Year End 2010 Financial Results

Northgate's audited financial results for the year ended
December 31, 2010 are scheduled for release before the market
opens on March 8, 2011 and the Corporation's year-end conference
call and webcast for investors and analysts will be held at
10:00 am (Eastern Time) on the same day. Dial-in information
for the conference call and webcast will be made available
in the coming weeks.

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:
http://www.northgateminerals.com/

[NYBob]

Northgate Minerals Successfully Completes 2010 Diamond Drill Program at Kemess Underground

11.30.2010
Download this Press Release

<<
NGX - TSX
NXG - NYSE AMEX
>>

http://www.northgateminerals.com/NewsReleases/NewsReleaseDetails/2010/Northgate-Minerals-Successfully-Completes-2010-Diamond-Drill-Program-at-Kemess-Underground1123411/default.aspx

VANCOUVER, Nov. 30 /CNW/ - Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) is pleased to report assay results for the final 16 drill holes from its infill diamond drilling program at the Kemess Underground Project located five kilometres ("km") north of its Kemess South mine in north-central British Columbia.

Drilling Highlights

<<
- Hole KN-10-13 intersected 80.0 metres ("m") of 2.4 grams per tonne
("g/t") gold and 0.78% copper within a broader interval of 185.6 m,
which returned 1.556 g/t gold and 0.571% copper.

- Hole KN-10-17 intersected 59.5 m of 1.15 g/t gold and 0.516% copper
within a broader interval of 328.5 m, which returned 0.609 g/t gold
and 0.268% copper.

- Hole KN-10-25A intersected 46.0 m of 1.43 g/t gold and 0.489% copper
within a broader interval of 266 m, which returned 0.559 g/t gold and
0.261% copper.

- A higher grade zone in the northeast quadrant has been identified and
is continuous and supported by several holes, including a previously-
released hole KN-10-03, which returned one of the best intercepts in
the Kemess resource database.
- The weighted average grade of all holes drilled in the 2010 program
were higher than previous resource block estimates in the block cave
zone by 12% for gold and 3.5% for copper.
>>

"We are excited to have completed the 2010 drill program at
Kemess Underground, which has exceeded our expectations"
commented Ken Stowe, President and Chief Executive Officer.
"Now that all assay results are in hand, we see further confirmation with hole KN-10-13 that a compact, continuous higher grade zone exists beneath the eastern third of the resource area currently being considered for a bulk underground mining operation.
The 2010 results from the higher grade sector consistently
exceed grades for both copper and gold when compared to the 2005
resource model.
We now look forward to completing a new underground resource estimate, which is expected early in the first quarter of 2011 and will support studies to determine the economics of the potential underground mine at Kemess."

Overview of the Kemess Underground Project and 2010 Exploration Program

The Kemess Underground diamond drill program, the final results of which are reported herein, was conducted in order to better define the 70+ million tonne proposed block cave portion of the Kemess North deposit estimated from previous drilling to contain in excess of 1.4 million ounces of gold and 500 million pounds of copper.

The Kemess Underground drill program was also designed to document the geotechnical characteristics of the higher grade core to determine the potential for large scale, underground, bulk mine production that could be milled at the existing Kemess infrastructure and utilize the existing permitted tailings capacity in the Kemess South pit.

The 2010 program in its entirety consisted of 30 drill holes totalling 16,439 m. Drilling contractors were successful in completing 26 holes to targeted depths. Only one drill hole from the program failed to intersect mineralization (hole 22), confirming the eastern fault-bound margin of the deposit. Geotechnical analysis is underway and the assay and geologic results from the 2010 program are being combined with previous drilling results in order to update the resource estimate for the 70+ million tonne, proposed block cave portion of the deposit. This updated resource estimate is expected to be released with Northgate's annual resource and reserve statement in the first quarter of 2011.

Figure 1: Plan showing collar locations of the final 16 holes drilled in 2010 relative to previous collars relative to block cave area outline.



Figure 2: Plan showing area of resource within an interpreted 1.0 g/t gold grade shell relative to block cave area outline.



2010 Drilling Results

Table 1 below summarizes intersections for the final 16 holes of the 2010 drilling campaign. Intervals have been selected based on their position relative to a block cave mining outline designed from scoping study work completed earlier in 2010.

Table 1: Assay Results from 2010 Diamond Drill Holes - Final 16

<<
-------------------------------------------------------------------------
Hole From (m) To (m) Interval (m) Cu % Au (g/t)
-------------------------------------------------------------------------
KN-10-06 236.0 602.0 366.0 0.249 0.481
including 384.0 454.9 70.9 0.362 0.847
-------------------------------------------------------------------------
-------------------------------------------------------------------------
KN-10-11 365.0 536.0 171.0 0.242 0.398
including 409.0 460.0 51.0 0.275 0.528
-------------------------------------------------------------------------
-------------------------------------------------------------------------
KN-10-13 211.0 504.0 293.0 0.403 1.051
including 279.0 464.6 185.6 0.571 1.556
Including 369.0 449.0 80.0 0.783 2.397
-------------------------------------------------------------------------
-------------------------------------------------------------------------
KN-10-15 275.8 534.0 258.2 0.325 0.524
including 400.0 430.0 30.0 0.577 1.258
Including 458.0 482.0 24.0 0.625 0.897
-------------------------------------------------------------------------
-------------------------------------------------------------------------
KN-10-16 321.9 675.0 353.1 0.196 0.443
including 492.5 580.5 88.0 0.372 0.895
including 522.5 544.5 22.0 0.479 1.164
-------------------------------------------------------------------------
-------------------------------------------------------------------------
KN-10-17 214.5 543.0 328.5 0.268 0.609
including 312.0 471.0 159.0 0.402 0.931
including 350.5 410.0 59.5 0.516 1.149
-------------------------------------------------------------------------
-------------------------------------------------------------------------
KN-10-18 261.0 617.0 356.0 0.187 0.331
including 407.0 429.0 22.0 0.302 0.712
-------------------------------------------------------------------------
-------------------------------------------------------------------------
KN-10-19 190.0 343.8 153.8 0.268 0.772
including 240.0 343.8 103.8 0.275 0.930
-------------------------------------------------------------------------
-------------------------------------------------------------------------
KN-10-20 276.0 620.0 344.0 0.204 0.351
including 286.0 361.6 75.6 0.310 0.494
-------------------------------------------------------------------------
-------------------------------------------------------------------------
KN-10-21 196.9 356.3 159.44 0.121 0.337
including 196.9 228.0 31.1 0.098 0.352
and 324.2 356.3 32.1 0.471 0.968
-------------------------------------------------------------------------
-------------------------------------------------------------------------
KN-10-23 231.0 525.0 294.0 0.233 0.442
including 261.0 285.0 24.0 0.318 0.641
Including 397.0 423.0 26.0 0.281 0.473
-------------------------------------------------------------------------
-------------------------------------------------------------------------
KN-10-24 235.6 606.6 371.0 0.19 0.417
Including 487.9 527.0 39.1 0.307 0.729
-------------------------------------------------------------------------
-------------------------------------------------------------------------
KN-10-25A 308.0 574.0 266.0 0.261 0.559
Including 447.0 491.0 46.0 0.489 1.428
-------------------------------------------------------------------------
-------------------------------------------------------------------------
KN-10-26 267.0 564.0 297.0 0.265 0.616
including 426.0 468.0 42.0 0.338 0.839
-------------------------------------------------------------------------
>>

2010 Results Compared to 2005 Open Pit Resource

Comparison of all 2010 drill hole results against the previous 2005 Kemess North resource model shows that the current program's results are, on average, 12% higher for gold and 3.5% higher for copper, using a weighted average of resource blocks captured by a 20 x 20 m prism centered on each drill hole trace.

While the 2010 results show both positive and negative variance from the 2005 resource model, the comparison demonstrates that existing 2005 estimates are conservative globally and that a higher grade zone in the northeast quadrant, defined by holes KN-10-03, 05, 07A, 09A, 10, and 13, was significantly underestimated. These variations are believed to be attributable to the 2005 resource model being based on interpolation from wider-spaced drilling that was unconstrained with respect to important grade domains, such as different alteration and or geological controls, whereas the 2010 results now recognize these factors within the resource. With the benefit of the information provided by the 2010 results, it appears that the 2005 resource model tended to overestimate low grade regions and underestimate high grade regions. Work is now underway to update the resource for an underground mining scenario and to account for the distinct grade domains that exist in this subsection of the Kemess North deposit.

Appendix 1: All 2010 Diamond Drill Hole Collar Locations

<<
-------------------------------------------------------------------------
East- North- Eleva- Azi- Total
Hole No. ing ing Nad83E Nad83N tion muth Dip Depth Comment
-------------------------------------------------------------------------
KN-10-01 10560 16182 636503 6326501 1681 255 -70 45.0 Abandoned
-------------------------------------------------------------------------
KN-10-01A 10560 16182 636504 6326502 1681 262 -75 602.0
-------------------------------------------------------------------------
KN-10-02 10513 16005 636462 6326323 1705 257 -72 642.0
-------------------------------------------------------------------------
KN-10-03 10706 16394 636642 6326718 1578 252 -71 504.0
-------------------------------------------------------------------------
KN-10-04 10402 16298 636341 6326612 1712 253 -69 633.0
-------------------------------------------------------------------------
KN-10-05 10713 16343 636651 6326668 1587 253 -71 561.0
-------------------------------------------------------------------------
KN-10-06 10434 16221 636376 6326537 1703 246 -71 663.0
-------------------------------------------------------------------------
KN-10-07 10599 16370 636536 6326691 1606 248 -70 339.0 Abandoned
-------------------------------------------------------------------------
KN-10-07A 10599 16370 636536 6326691 1606 248 -70 532.0
-------------------------------------------------------------------------
KN-10-08 10494 16244 636435 6326562 1685 176 -76 612.0
-------------------------------------------------------------------------
KN-10-09 10493 16246 636434 6326563 1685 0 -75 120.5 Abandoned
-------------------------------------------------------------------------
KN-10-09A 10494 16246 636435 6326563 1685 3 -74 620.0
-------------------------------------------------------------------------
KN-10-10 10735 16256 636675 6326582 1616 247 -66 575.0
-------------------------------------------------------------------------
KN-10-11 10753 16184 636210 6326494 1647 257 -69 575.0
-------------------------------------------------------------------------
KN-10-12 10604 16140 636549 6326461 1681 358 -58 624.0
-------------------------------------------------------------------------
KN-10-13 10624 16307 636563 6326629 1620 262 -69 549.0
-------------------------------------------------------------------------
KN-10-14 10264 16146 636209 6326456 1786 332 -67 714.0
-------------------------------------------------------------------------
KN-10-15 10647 16226 636588 6326548 1647 257 -69 584.0
-------------------------------------------------------------------------
KN-10-16 10267 16147 636212 6326457 1786 25 -69 708.0
-------------------------------------------------------------------------
KN-10-17 10554 16343 636492 6326662 1636 252 -65 612.0
-------------------------------------------------------------------------
KN-10-18 10267 16141 636211 6326451 1786 192 -68 708.0
-------------------------------------------------------------------------
KN-10-19 10688 16410 636624 6326733 1579 251 -71 527.0
-------------------------------------------------------------------------
KN-10-20 10411 16027 636359 6326342 1722 252 -70 762.0
-------------------------------------------------------------------------
KN-10-21 10783 16319 636721 6326646 1582 252 -77 477.0
-------------------------------------------------------------------------
KN-10-22 10762 16389 636698 6326715 1574 249 -80 485.0
-------------------------------------------------------------------------
KN-10-23 10355 16184 636298 6326497 1738 247 -71 671.0
-------------------------------------------------------------------------
KN-10-24 10372 16109 636318 6326423 1728 255 -75 654.0
-------------------------------------------------------------------------
KN-10-25 10464 16137 636405 6326457 1699 255 -75 100.6 Abandoned
-------------------------------------------------------------------------
KN-10-25A 10461 16141 636406 6326457 1699 253 -74 619.0
-------------------------------------------------------------------------
KN-10-26 10520 16255 636461 6326573 1673 239 -72 621.0
-------------------------------------------------------------------------
>>

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:

[NYBob]

Northgate Minerals C (NGX) $3.11 UP $0.05 +1.63%
Volume: 318,523 @ 4:00:00 PM ET
Bid Ask Day's Range
3.11 3.12 3.06 - 3.14

Northgate Minerals C (NXG) fiat $3.07 UP $0.07 +2.33%
Volume: 2,425,191 @ 4:00:05 PM ET
Bid Ask Day's Range
3.06 3.07 3.01 - 3.09
Full NXG Quote

just but some NXG been looking for a good one this might be it

ready for a take off

[NYBob]

Northgate appears on BTV -

http://www.b-tv.com/features/watch-now.html?clip=NorthgatemineralsNov10.wmv

[NYBob]

Northgate Minerals C (NGX) fiat$3.06 UP $0.03 +0.99%

Volume: 718,618 @ 4:00:00 PM ET strong demand
Bid Ask Day's Range
3.06 3.08 2.99 - 3.1
Full TSE:NGX Quote

i'm glad g-20 went to darkside of things fer obama...he thought he'd do little arm twisting but no work ....

http://online.wsj.com/article/SB10001424052702304879604575582602233501196.html

[mick]

i'm glad g-20 went to darkside of things fer obama...he thought he'd do little arm twisting but no work.

[NYBob]

mick, its G20 great banksters schemez -
bottom line -
to back up the ponzy with more paperers -
of fed counterfeitz big USA disgrace -
to call the fiats for dollars -
by 666media dishonest PR manipulation -
of the People -
the more 666manipulations -
the higher long term the GOLD will GO ~<

$GOLD - the LT long term trend is my friend ~<

God Bless

[mick]

Bob any thoughts? i don't like formation here; for gold never in recent mos...50ma is tipping scale of justice...





i thought a *J* but not so now...............

something not right in pix that i read.......

see anything i missed?

[NYBob]

Northgate Minerals Reports Third Quarter Results

Nov. 10, 2010 (PR Newswire) --

Young-Davidson Fully Funded and Advancing on Schedule and on Budget

Notice: Conference Call and Webcast of Q3 Results Today at 10:00 am ET
Dial in: [phone] or 1-888-231-8191

VANCOUVER, Nov. 10 /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 three and nine months ended September 30, 2010.

Third Quarter Highlights

* Reported adjusted net earnings of $1.7 million or $0.01 per diluted share.
* Generated cash flow from operations of $13.5 million or $0.05 per diluted share.
* Adjusted net earnings and cash flow from operations were adversely impacted by an inventory build-up at Kemess South as poor railcar availability impeded metal sales during the quarter. As inventory is sold during the fourth quarter of 2010, we expect to realize an additional $14 million in revenue.
* Produced 64,999 ounces of gold and 10.9 million pounds of copper at an average net cash cost of $645 per ounce.
* Successfully completed a convertible note offering for net proceeds of $163.5 million to fund the development of the Young-Davidson mine; Young-Davidson is now fully-funded and construction is advancing on schedule and on budget.
* Successful exploration results at Northgate's operations:
o Kemess Underground: intersected the highest grade-thickness interval ever encountered on the property of 3.37 grams per tonne ("g/t") gold and 0.95% copper over 60 metres ("m").
o Stawell: discovered gold in two previously untested areas, the first being the previously reported Northgate Gift and a second area 1.6 kilometres ("km") south of existing mine workings, which intersected 13.7 g/t gold over 5.45 m, including 25.0 g/t gold over 2.2 m, and 15.4 g/t gold over 2.5 m.
* In addition to exploration results released during the quarter, we are pleased to announce further exploration results, which are reported in Northgate's exploration press release dated November 10, 2010. Highlights include:

http://tmx.quotemedia.com/article.php?newsid=35597408&qm_symbol=NXG:US

God Bless

[NYBob]

Northgate Minerals Reports Significant Gold Intersections at its Fosterville and Stawell Gold Mines

Nov. 10, 2010 (PR Newswire) --

VANCOUVER, Nov. 10 /PRNewswire/ - Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) is pleased to report positive exploration results from diamond drill programs at its Fosterville and Stawell Gold mines in Victoria, Australia.

Exploration Highlights

* Fosterville: drilling below and down-plunge of the Phoenix Reserve block continues to show promising results:

Phoenix Footwall

* Drilling within the Footwall has intersected strong mineralization: hole UDE038 (6850 mN) intersected 5.4 grams per tonne ("g/t") gold over 24.9 metres ("m"), including 11.5 g/t over 5.6 m and 10.1 g/t over 4.3 m.
* Hole UD756 (7360 mN) intersected 4.7 g/t over 6.3 m and 5.5 g/t over 18.6 m, including 8.1 g/t over 9.1 m.
* These holes follow on assay results released previously: hole SPD547B (7000 mN) returned 6.3 g/t over 23.3 m and 4.6 g/t over 6.5 m.
* Results from the Footwall indicate that there is potential to add new reserves close to the existing Phoenix underground development and to increase ounces per vertical metre immediately below the existing reserves.

Phoenix Extension (6850 mN) more info -
http://tmx.quotemedia.com/article.php?newsid=35597418&qm_symbol=NXG:US

[mick]

it is a giant in my eyes.

[NYBob]

mick, well its many possibilities -

e.g.,
a small old gold miner beside NGX Matachewan gold project
has started to wake up
I been a LT shareholder for last 15yrs

http://investorshub.advfn.com/boards/board.aspx?board_id=17882

[mick]

nxg, got lots going...many possibilities here.

[NYBob]

Northgate Minerals Corporation - Young Davidson Project -



Northgate Minerals is currently recruiting the following
challenging positions to join our operation team:

http://www.maats.ca/default.aspx?content_id=2540

[NYBob]

Northgate Minerals C (NGX) fiat$3.01 UP $0.17 +5.99%

Volume: 735,194 @ 4:00:02 PM ET Good Demand
Bid Ask Day's Range
2.99 3.01 2.8 - 3.01

Northgate Minerals (NXG) fiat$2.96 UP $0.13 +4.59%

Volume: 4,200,792 @ 6:12:01 PM ET Strong Demand
Bid Ask Day's Range
2.96 2.99 2.79 - 3.0

World Bank chief calls for new gold standard -
HONG KONG (MarketWatch) –-

The president of the World Bank said in a newspaper editorial Monday that;
the Group of 20 leading economies should consider adopting
a global reserve currency based on gold as part of structural
reforms to the world’s foreign-exchange regime...

http://www.marketwatch.com/story/world-bank-chief-calls-for-new-gold-standard-2010-11-07?dist=beforebell





Morning Update/ Market Thread 11/4 QE2 and YOU!
Good Morning,

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56325474

by tickettoride thanks good info
Member Profile tickettoride

Official US Deficit Put At Staggering $202 Trillion -
the fiat$ bankrupt -

http://www.eutimes.net/2010/08/official-us-deficit-put-at-staggering-202-trillion/

The Birth of the U.S. Federal Reserve Bank - How usury destroyed America

Pour a favorite beverage for yourself, sit back, listen and brush up on your history!

Where does money come from? Where does it go? Who makes it? The money magician's secrets are unveiled. Here is a close look at their mirrors and smoke machines, the pulleys, cogs, and wheels that create the grand illusion called money. A boring subject? Just wait. You'll be hooked in five minutes. It sounds like a detective story, which it really is, but it's all true. Based on Mr. Griffin's book of the same title, this address will shatter your old ideas about money and change the way you view the world. 1998 lecture.


http://video.google.com/videoplay?docid=-8484911570371055528&q=creature+jeckyll&ei=c8kMSKSjJZPE2AKU2826BA#
by PanicButton thanks good info
God Bless

[mick]

what caused correction in this one?

[NYBob]

Northgate Minerals C (NGX) fiat$2.96 UP $0.16 +5.71%

Volume: 1,052,633 @ 4:00:00 PM ET Strong Demand
Bid Ask Day's Range
2.94 2.96 2.86 - 2.97
Full TSE:NGX Quote


mick thanks good chart

Northgate Minerals C (NXG) fiat$2.94 UP $0.14 +5.00%

Volume: 5,360,368 @ 7:37:12 PM ET Strong Demand
Bid Ask Day's Range
2.77 3.0 2.85 - 2.96
Full NXG Quote

Northgate Minerals Discovers High Grade Mineralization in a Previously Untested Area at its Stawell Gold Mine

Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) is pleased to report that surface diamond drilling at its Stawell Gold Mine has intersected high grade gold mineralization approximately 1.6 kilometres ("km") south of the existing mine workings.

Hole SD649A Highlights

- Hole SD649A intersected multiple gold bearing intervals which
include:
- 13.7 grams per tonne ("g/t") gold over 5.45 metres ("m"),
including 25.0 g/t gold over 2.2 m; and,
- 15.4 g/t gold over 2.5 m.
- The mineralization is consistent with the Stawell Golden Gift style
ore zones, which in total have produced over 600,000 ounces of gold
during the past decade.
- The drill intersections are several hundred metres above the GG6 zone
that is currently being mined and the nearest drilling is 440 m to
the north and 360 m to the south of the current intersections.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56194217

[mick]

like da way gold holding ppo; h&s breakdown?

[NYBob]

mick..dd..Moneta Porcupine ME..old Au-junior...
NXG is in the same real good Ontario gold area
e.g.,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56094971

Northgate Minerals (NXG) fiat$2.81 UP $0.03 +$1.08%

Volume: 1,383,144 @ 4:24:20 PM ET strong demand
Bid Ask Day's Range
2.81 2.82 2.76 - 2.83
Full NXG Quote

Northgate Minerals C (NGX)$2.89 UP $0.04 +1.40%
Volume: 444,671 @ 4:00:02 PM ET
Bid Ask Day's Range
2.87 2.89 2.82 - 2.89
Full TSE:NGX Quote

[NYBob]

NXG Chart TA TI P&F alert bullish price obj. $9.38 per share

[trade2much]

NY unless something happens verrrrrrrrrrrrrry quickly this may be one of the few life preservers around imo. Unfortunate but we have a lemonade stand but the operator can never do anything but run his mouth and destroy wealth and jobs.

[NYBob]

NORTHGATE MINERALS CORP Represent REAL MONEY LT -

Gov. Debt - MOAB - Mother Of All Fiat Bubbles -

http://monetaadvisors.com/?p=67

Gold has replaced every fiat currency for the past 3000 years -

http://www.kwaves.com/fiat.htm

http://www.canadiancontent.net/commtr/fiat-currency-fall-dollar_958.html

[mick]

new employment? 250 to new jobs?

[trade2much]

The Fed is quietly saying they will start pumping up the Money Supply immediately after the elections. They say they want mild inflation (as if they could control it).

Hmmmm turn on the presses NOV 3rd, which may mean a currency conflict with the nations we owe money to, if the increase is too dramatic. If that occurs then watch for inflation big time and subsequently GOLD to increase even more.

*Imo if the above occurs anything connected with gold will shoot north, hence this stock will go north again. Guess we shall see.

Flooding the money supply is one way to pay down the nearly $800B we owe to China, as well as numerous other nations we owe huge debt to, Japan, Russia and South American countries come to mind.

This stock could benefit even if the middle class and the retired take it in the shorts again. jmho

[NYBob]

Matachewan opens mine
By RICK OWEN, NORTHERN NEWS
Updated 7 months ago

http://www.northernnews.ca/ArticleDisplay.aspx?archive=true&e=2478104


-Matachewan and surrounding communities celebrated their gold
medal as Northgate Minerals held an official ceremony to mark
the start of construction of its new Young-Davidson Mine.

The day started with a ceremony at the new mine site where First Nation drummers took part and the company raised it flag.

After a tour of the site the celebration moved to the Matachewan Community Hall.
This part of the day started acwith a traditional Ojibway prayer.

In an interview with the Northern News Northgate Minerals President and CEO Ken Stowe said while the company has two mines in Australia they are much smaller and
the Young- Davidson Mine will be the foundation for Northgate
moving forward for hopefully the next 25 years.

As well Stowe said the company is still in the acquisition mode
and are looking in Canada, including Northeastern Ontario
as well as in Australia, the two places they prefer to be in.

In commenting on the support the company has received from local communities Stowe said, "I think it is a reflection of how we came here four years ago and how we do business.
It is a direct reflection of that."

Timiskaming-Cochrane MPP David Ramsay is also very pleased to see the new mine go a head. He stated:
"This has got to be the best news that hit this area in years and years.
This is a fabulous project that is going to bring 600 jobs for the next two years, 250 jobs for the next 15, probably 25 years because they are finding more and more reserves here.
Because we know this is a very prosperous gold belt here and there is lots of gold here.
I think this is a renaissance in gold mining in this area."

The MPP is also pleased with the agreement reached between Northgate and the Matachewan First Nations.
"It is a great example of when we work together we can move a ahead.
I saw First Nations people all over that site today in hard hats and the benefits in training and work and everything else in terms of that agreement is so good for that community and the whole of Northeastern Ontario. "

Northgate's Chief Operating Officer Peter MacPhail said today's celebration is the culmination of four years of hard work.
A total of 275 diamond drill holes were completed. This adds up to 116 kilometers of diamond drill hole core, enough core to spread from Matachewan to Shillington.
To date they have about four million ounces of gold and will continue to conduct exploration in hopes of adding more ounces.

Now the decision has been made to go a head with the mine MacPhail said there is a lot work going on such as environmental work, baseline studies, engineering design work.

This year Northgate plans on putting up the mill building, road realignment, the shaft and headframe will start and the power line refurbishing will start.

Advertisement

MacPhail said so far they have a 15 year mine life and look as that as a start.
During that time they will employ about 275 people permanently and during the two-year construction phase there will about 600 people working on the project.

Matachewan Reeve Bev Hine noted that they have given full support to the project and will continue to fully support it. The project will have benefits for the community. "The timely and responsible development of this project will continue to be of significant benefit to the workers and ratepayers of the Township of Matachewan and surrounding communities."

Other communities that will also benefit Hine said include Matachewan's sister community Matachewan First Nation and neighbours Elk Lake, Kirkland Lake, Englehart, Temiskaming Shores and Timmins.

"The resulting jobs, income and community opportunities will all help ensure this area is indeed the best place to live, work and raise our families," said Hine.

Noting that Matachewan is growing at a rate it hasn't in decades thanks to the Young-Davidson project, Hine said, "we are one of the fastest growing communities in Northern Ontario with accommodation rentals continuing to hover at near zero percent vacancy and major increases in housing starts."

Matachewan First Nations Chief Richard Wincikaby congratulated Northgate Minerals and It is our First Nation's commitment to support Northgate with this project. Our area needs a positive economic development in these uncertain times. This mine was long awaited, much needed jobs will be created. Opportunities are within reach for our First Nation and its members. This is an important development for our small community. We look forward to continuing our relationship with Northgate Minerals throughout the life of the mine."

Terry Fiset, Reeve of Elk Lake (James Township), said Elk Lake has always been an advocate of the resource industry and this large project is a step forward. "We take our hats off to Northgate, its staff and board. This is our Olympic gold metal."

"To have something new and this large created for our area is a major step forward," stated Fiset.

Kirkland Lake Mayor Bill Enouy noted that since the late 1980s Matachewan with the closing of the asbestos mine was in decline as was Kirkland Lake but now it appears that "we have hit rock bottom and we're bouncing back because of that rock. There's gold in them thar hills and it has taken investors with creativity and foresight to look at our little portion of Northeastern Ontario and say there is something there."

Enouy also thanked Tom Obradovich, a Kirkland Laker, who got the property back on the market and sold it to Northgate. He thanked Northgate for having the foresight to develop it.

While Kirkland Lake and Matachewan had a set of problems that included, dwindling population and empty buildings now the communities have a new set of good problems and we have to build housing and improve infrastructure and be prepared for the next 10 years. It is going to be a good time for us up here said Enouy.

Mike MacArthur Deputy Mayor of Temiskaming Shores congratulated Northgate and looks forward to the positive production that is coming. He described the people who worked together as a winning team and it is all about creating jobs.

"Our athletes brought home gold and now Matachewan and Northgate are going to continue to bring home gold."

Timmins Mayor Tom Laughren said it is not only an important day for Matachewan it is an important day for Northeastern Ontario. In Timmins the mayor said they are celebrating 100 years of mining and now there is a new mine started. While the North needs diversification Laughren described mining as being the North's life blood.

Christine Kaszyki, Assistant Deputy Minister of Mines and Minerals Division, Ministry of Northern Development, Mines and Forestry, brought greeting and congratulations from the Minister and said they understand the importance of mining to the North and communities like Matachewan and Matachewan First Nations and will continue to work with Northgate.
Article ID# 2478104

http://www.northernnews.ca/ArticleDisplay.aspx?archive=true&e=2478104

http://investorshub.advfn.com/boards/board.aspx?board_id=17882

[NYBob]

Matachewan gears up for gold mine construction -

http://www.northernontariobusiness.com/Industry-News/construction/Matachewan-gears-up-for-gold-mine-construction.aspx

[mick]

nxg,,,Bob look for a 10% plus correction very soon. i think metals go higher tomorrow.

[NYBob]

Northgate Minerals Corporation - Conference Call and Webcast Notice of Q3 Financial Results
10/6/2010 8:03 AM - Canada NewsWire
VANCOUVER, Oct. 6, 2010 (Canada NewsWire via COMTEX News Network) --

You are invited to participate in the Northgate Minerals Corporation
(TSX: NGX, NYSE Amex: NXG) live conference call and webcast
discussing our third quarter financial results.

The conference call and webcast will take place on Wednesday,
November 10, 2010 at 10:00 am Toronto time.

Northgate's third quarter financial results will be released before
the market opens on November 10th.

You may participate in the live conference call by dialing
647-427-7450
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
http://www.northgateminerals.com
or
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3239940.

Conference and Webcast Replay

A replay of the conference call will be available beginning on November 10, 2010 at 1:00 p.m. ET until November 24, 2010 at 11:59 p.m. ET.

Replay Access No. 416-849-0833
Passcode: 1443 9779 followed by the number sign

Replay Access No. 800-642-1687
Passcode: 1443 9779 followed by the number sign

You may also access the archived audio webcast on Northgate's website.

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

SOURCE: Northgate Minerals Corporation

Ms. Laura Lepore, Investor Relations,
Tel: [phone]
Email: [e-mail]

[mick]

what i like is seeing shares being registered.

[NYBob]

Northgate Minerals Announces Launch of US$135 Million Public Offering of Convertible Notes

09.29.2010
Download this Press Release

VANCOUVER, Sept. 29 /CNW/ - Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) ("Northgate") announced today that it intends to offer US$135 million of its convertible senior notes due 2016 (the "Convertible Notes") in the United States and Canada pursuant to a preliminary prospectus supplement to its base shelf prospectus dated July 2, 2010. Northgate will grant the underwriters of the offering a 30-day option to purchase up to an additional US$15 million of Convertible Notes to cover over-allotments, if any.

UBS Securities LLC will act as the sole bookrunning manager of the offering on behalf of the underwriters.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54989187

[mick]

NXGNorthgate Minerals Announces Launch of US$135 Million Public Offering of Convertible Notes PR Newswire Wed 7:00AM EDT

[NYBob]

Northgate Minerals C (TSE:NGX)
Last Price (USD) $3.53
Change ? 0.1 (2.92%
Bid 3.51
Ask 3.53
Volume 585,372
Days Range 3.41 - 3.54
Last Trade 9/28/2010 4:00:01 PM
Detailed NGX Stock Quote

this one? cramer likes also.
me too its very oversold - undervalued -
when it takes off it will FLY HIGH

[mick]

this one? cramer likes also.

[NYBob]

Johnson Recommends Northgate Minerals, Barrick Gold: Video
Sector: Gold Posted by: Donnie Johnston

http://equedia.com/blog/view.php/Johnson-Recommends-Northgate-Minerals-Barrick-Gold-Video

[mick]

nxg

[NYBob]

Northgate Minerals C (TSE:NGX)(USD) $3.57 UP $0.08 +2.29%
Bid 3.56
Ask 3.62

Volume 671,246 good demand

Days Range 3.51 - 3.61
Last Trade 9/20/2010 4:20:04 PM
Detailed NGX Stock Quote

Northgate Minerals Intersects Highest Grade-Thickness Interval
of 3.37 Grams per Tonne Gold and 0.95% Copper Over 60 Metres
at its Kemess Underground Project

http://www.northgateminerals.com/NewsReleases/NewsReleaseDetails/2010/Northgate-Minerals-Intersects-Highest-Grade-Thickness-Interval-of-337-Grams-per-Tonne-Gold-and-095-Copper-Over-60-Metres-at-i/default.aspx

Denver Gold Forum 2010

http://www.northgateminerals.com/InvestorInfo/CalendarofEvents/EventDetails/2010/Denver_Gold_Forum_2010/default.aspx

[mick]

i'd say this news is huge. pps showing this.

[NYBob]

NGX NEWS! Initial results from its infill diamond drilling program at its Kemess Underground Project-

http://ih.advfn.com/p.php?pid=nmona&article=44387689&symbol=NXG

[NYBob]

Northgate Minerals C (TSE:NGX)(USD)$3.58 UP $0.15 +4.37%
Bid 3.55
Ask 3.58
Volume 379,147
Days Range 3.52 - 3.59
Last Trade 9/16/2010 4:00:00 PM
Click for detailed quote page

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54439109

[mick]

these three charts are reaal streamers. wow $10,000 GOLD

[NYBob]

Gold chart LT 2nd bull wave and most peaks in gold are
covered by a war ...







..in case of WW the gold producer -
need to be in strategic LT safest place -

http://www.northgateminerals.com/

[mick]

gold seems unstopable til feb.,2011

[NYBob]

Northgate Minerals' Young-Davidson Mine to Commence Production in Early 2012

Friday, Sept. 10, 2010

northgateminerals.comT.NGX
Northgate Minerals Corporation

Northgate Minerals Corporation is a leading gold and copper producer with mining operations, development projects and exploration properties in Canada and Australia. The company is forecasting production of 288,000 ounces of unhedged gold production in 2010 and is targeting growth through further acquisitions in stable mining jurisdictions around the world.

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Read more: http://www.financialpost.com/news/mining/releases/detail.html?id=2533#ixzz0zcbAKqw2

[NYBob]

Northgate Minerals C (TSE:NGX)
Last Price (USD) $3.19
Change ? -0.06 (-1.85%)
Bid 3.19
Ask 3.20
Volume 1,708,386
Days Range 3.19 - 3.33
Last Trade 9/8/2010 1:54:33 PM
Click for detailed quote page

[mick]

i like these too. i do like projection. $9 plus. almost perfect h&s breakout.
nice pennant formation too.

nxg



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