NORTHGATE MINERALS TO ENTER THE S&P/TSX COMPOSITE INDEX
Monday December 11, 1:21 pm ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Dec 11, 2006 -- Northgate Minerals Corporation (TSX:NGX.TO - News)(AMEX:NXG - News) is pleased to announce that Northgate will be added to the S&P/TSX Composite Index of the Toronto Stock Exchange (TSX) when trading opens on December 18, 2006. At the same time, Northgate will also be added to the new S&P/TSX Global Gold Index which will include approximately 30 of the world's leading gold companies.
Ken Stowe, President and Chief Executive Officer of Northgate said "We are very pleased to be added to the Composite and Global Gold indices. Our inclusion should benefit our shareholders both through increased liquidity and increased visibility."
The S&P/TSX Composite Index accounts for approximately 70 per cent of market capitalization for Canadian-based companies listed on the Toronto Stock Exchange. The size of the S&P/TSX Composite Index and its broad economic sector coverage has made the S&P/TSX Composite Index the premier indicator of market activity for Canadian equity markets. The S&P/TSX Composite Index also serves as the benchmark for the mutual fund industry and Canadian pension funds.
Northgate Minerals Corporation is a gold and copper mining company focused on operations and opportunities in the Americas. The Corporation's principal assets are the 300,000-ounce per year Kemess South mine in north-central British Columbia, the adjacent Kemess North deposit, which contains a Proven and Probable Reserve of 4.1 million ounces of gold and the Young-Davidson property in northern Ontario with a total resource base of 1.5 million ounces of gold. Northgate is listed on the Toronto Stock Exchange under the symbol NGX and on the American Stock Exchange under the symbol NXG.
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