Thursday, August 02, 2007 3:27:31 PM
Gold Production 285,000 ounces
Copper Production 74.5 million pounds
Silver Production 385,000 ounces
Cash Cost negative US$10 / ounce *
*Assuming the copper price averages $2.50 in 2007
NGX/NXG - Kemess South Mine - Performance 2n Q. 2007 -
The Kemess mine posted gold and copper production -
Gold of 65,999 ounces Au -
Net cash cost of production of $35 per ounce of gold -
also produced -
Copper 14.8 million pounds Cu -
respectively in the second quarter of 2007.
From a financial point of view, the second quarter -
was also very successful as -
the Kemess mine generated over $43 million -
in operating cash flow and our -
cash balance increased to over > $317 million.
Northgate's revenue in the second quarter of 2007 was -
Total $80,878,000.00 -
The Corporation recorded net interest income of $4,464,000.--
in the second quarter of 2007 compared with
net interest income of $702,000 in the corresponding quarter
of 2006.
The dramatic increase in interest income was the result of
substantial increases in the Corporation's cash position
due to strong operating cash flow and the exercise of
share purchase warrants in December 2006, which brought
$99,998,000.- into Northgate's treasury.
Got NXG / NGX - Northgate Minerals Corp. -
Gold Mine Safety? -
NXG Lowest Gold cost Au producer in the industry? -
Imo. Tia.
God Bless
http://app.quotemedia.com/quotetools/popups/story.jsp
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21452097
http://www.northgateminerals.com/frame_kemess_mine.html
http://investorshub.advfn.com/boards/board.asp?board_id=3041
http://investorshub.advfn.com/boards/board.asp?board_id=5487
Ps.
Gold & Silver is Money Standard =
not paper, not electronic credits, not chips and
not polo-ticz fiatz or 666counterfeitz.
Recent NXG News
- NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Distributions • PR Newswire (US) • 09/03/2024 01:45:00 PM
- Form N-CSRS - Certified Shareholder Report, Semi-Annual • Edgar (US Regulatory) • 08/09/2024 08:03:32 PM
- Form N-PX - Annual Report of proxy voting record of management investment companies • Edgar (US Regulatory) • 08/08/2024 01:05:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/24/2024 05:24:04 PM
- NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces the Preliminary Results of its Rights Offering • PR Newswire (US) • 07/18/2024 12:45:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/16/2024 08:20:42 PM
- NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Terms of Rights Offering and Change to Record Date of July Distribution • PR Newswire (US) • 06/10/2024 08:28:00 PM
- Form N-2/A - Registration statement for closed-end investment companies: [Amend] • Edgar (US Regulatory) • 06/06/2024 08:26:19 PM
- NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Distributions • PR Newswire (US) • 06/03/2024 01:45:00 PM
- Form N-2/A - Registration statement for closed-end investment companies: [Amend] • Edgar (US Regulatory) • 05/13/2024 08:57:12 PM
- Form DEFR14A - Revised definitive proxy soliciting materials • Edgar (US Regulatory) • 05/08/2024 01:50:12 AM
- Form N-2 - Registration statement for closed-end investment companies • Edgar (US Regulatory) • 03/06/2024 06:15:36 PM
- Form N-CSR - Certified Shareholder Report • Edgar (US Regulatory) • 02/08/2024 10:28:40 PM
- NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Distributions • PR Newswire (US) • 02/01/2024 02:45:00 PM
- NXG NextGen Infrastructure Income Fund (NYSE: NXG) Announces Distributions • PR Newswire (US) • 12/05/2023 12:41:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/08/2023 09:07:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/08/2023 09:06:08 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 10/26/2023 09:29:22 PM
- NXG Cushing® Midstream Energy Fund and NXG NextGen Infrastructure Income Fund Announce Officer and Portfolio Manager Changes • PR Newswire (US) • 10/09/2023 08:24:00 PM
- Form N-CSR/A - Certified Shareholder Report: [Amend] • Edgar (US Regulatory) • 10/05/2023 09:29:23 PM
Simple Stock Loans Announces Unique Solutions For Investors Looking for Alternative Liquidity Amidst Recent Small Cap Rally Sep 6, 2024 9:30 AM
Reliant Coffee Debuts at #271 on the Inc. 5000 List of Fastest Growing Companies - Coffee Service Industry Disruptor Brews Up Exponential Growth Sep 5, 2024 11:51 AM
VAYK Confirms Receiving Revenue from First Airbnb Property with 1.4 Million Annual Revenue Goal • VAYK • Sep 4, 2024 9:34 AM
Mawson Finland Limited Expands Known Mineralized Zones at Rajapalot: New Lens Intercepts 21.75 m at 5.25 g/t Gold & 515 ppm Cobalt • MFL • Sep 4, 2024 9:02 AM
Integrated Ventures Acquires 51% Stake In GetTrim.Com (TM), Telemedicine Platform With Focus On Expansion Into Booming GLP-1 Powered Weight Loss Market • INTV • Sep 4, 2024 8:45 AM
Avant Technologies Announces Strategic Review Process Intended to Maximize Shareholder Value • AVAI • Sep 4, 2024 8:00 AM