Superbilliger Explorer - Tolle Zahlen heute Nacht - 500 Beiträge pro Seite (Seite 3)
eröffnet am 24.02.06 12:26:21 von
neuester Beitrag 23.02.12 11:36:47 von
neuester Beitrag 23.02.12 11:36:47 von
Beiträge: 1.167
ID: 1.042.960
ID: 1.042.960
Aufrufe heute: 3
Gesamt: 49.064
Gesamt: 49.064
Aktive User: 0
Top-Diskussionen
| Titel | letzter Beitrag | Aufrufe |
|---|---|---|
| vor 39 Minuten | 6289 | |
| vor 31 Minuten | 3842 | |
| vor 53 Minuten | 2314 | |
| vor 1 Stunde | 2252 | |
| heute 09:10 | 1908 | |
| vor 33 Minuten | 1793 | |
| vor 1 Stunde | 1623 | |
| heute 11:56 | 1330 |
Meistdiskutierte Wertpapiere
| Platz | vorher | Wertpapier | Kurs | Perf. % | Anzahl | ||
|---|---|---|---|---|---|---|---|
| 1. | 1. | 18.001,14 | -0,48 | 223 | |||
| 2. | 3. | 152,14 | +0,38 | 99 | |||
| 3. | 2. | 9,4700 | -1,81 | 91 | |||
| 4. | 4. | 0,1875 | -3,35 | 80 | |||
| 5. | 6. | 0,0211 | -32,59 | 53 | |||
| 6. | 34. | 0,6200 | -55,71 | 47 | |||
| 7. | 13. | 389,80 | -15,55 | 45 | |||
| 8. | 5. | 6,8420 | +1,45 | 42 |
Feedback
Neue Geldspritzen
Fed steht zum Kampf gegen Deflation bereit
Schon im November könnte die US-Notenbank die Märkte mit noch mehr Liquidität fluten - die Rede ist von bis zu 1000 Mrd. Dollar. Den Leitzins tastete die Fed angesichts dessen natürlich nicht an. Euro und Gold gewinnen. von André Kühnlenz Frankfurt
http://www.ftd.de/politik/konjunktur/:neue-geldspritzen-fed-…
Fed steht zum Kampf gegen Deflation bereit
Schon im November könnte die US-Notenbank die Märkte mit noch mehr Liquidität fluten - die Rede ist von bis zu 1000 Mrd. Dollar. Den Leitzins tastete die Fed angesichts dessen natürlich nicht an. Euro und Gold gewinnen. von André Kühnlenz Frankfurt
http://www.ftd.de/politik/konjunktur/:neue-geldspritzen-fed-…
Und der Ben schafft es doch noch, dass der US-$ über die 1500 $ steigt.
Antwort auf Beitrag Nr.: 40.195.539 von boersentrader02 am 22.09.10 23:05:51Klar, mein Fehler, meine natürlich die Ounze Gold und nicht den US $.
Die Ounze Gold wird über 1500 $ steigen, dessen bin ich mir sicher.
Roubini überzeugt: Euro hält höchstens noch fünf Jahre
22.09.2010 14:09 Uhr von Günter Hannich
Liebe Leser,
in den Medien wird der Aufschwung propagiert. In Deutschland sinken die Arbeitslosenzahlen auf seit Jahren nicht mehr gesehene Niveaus. In den USA legt die Konjunktur zu. Die internationalen Stimmungsindikatoren deuten auf Erholung hin. Da passen die Warnungen von Krisenexperte Nouriel Roubini nicht ins Bild.
Aber der prominente US-Ökonom hat sich in einem aktuellen Kommentar einmal mehr die Situation in Europa und rund um den Euro angeschaut. Seine Schlussfolgerung: die Euro-Zone wird auseinanderbrechen. „Im besten Fall wird sie sich noch fünf Jahre durchwursteln können. Im schlimmsten Fall wird sie auseinanderbrechen“, so Roubini in einer aktuellen Analyse.
Trotz des Euro-Rettungsschirms sind die „grundlegenden Probleme der Euro-Zone noch keineswegs gelöst.“ Positiv ist nur zu bewerten, dass der Rettungsschirm die Zahlungsunfähigkeit Griechenlands verhindert hat. Aber die Verunsicherung ist an die Anleihenmärkte zurückgekehrt. Das zeigen die wieder sprunghaft angestiegenen Risikoaufschläge für die gefährdeten Länder wie Portugal oder Irland. Seiner Einschätzung nach gibt es zudem aufgrund von „getürkten Stresstests“ ernste Bedenken über den Zustand der europäischen Bankenlandschaft.
Die bisherigen Maßnahmen haben laut Roubini eher kosmetischen Charakter. Seiner Einschätzung nach sind aber strukturelle Reformen und ernsthafte Sparmaßnahmen unvermeidlich. Aber zu den ernsthaften Schritten wird es wohl nicht kommen: Dazu gibt es in Europa zu viele schwache Regierungen, die auch Angst vor öffentlichen Protesten haben.
Nun hat Roubini in der Vergangenheit mit seinen Prognosen nicht immer richtig gelegen, aber bei der Einschätzung der Lage rund um den Euro liegt er völlig richtig. Auf die Missstände der Währungsunion habe ich schon im Herbst 2009 in meinem Buch „Die Euro-Katastrophe“ hingewiesen. Ob die Euro-Zone nun, wie Roubini prognostiziert, noch maximal fünf Jahre hält oder doch noch länger – das ändert nichts an den vielen strukturellen Fehlern. Die Auflösung ist bei den riesigen Schuldenbergen kaum noch aufzuhalten.
Herzlichst Ihr,
Günter Hannich
http://www.gevestor.de/geldanlage/details/article/roubini-ue…
Die Ounze Gold wird über 1500 $ steigen, dessen bin ich mir sicher.
Roubini überzeugt: Euro hält höchstens noch fünf Jahre
22.09.2010 14:09 Uhr von Günter Hannich
Liebe Leser,
in den Medien wird der Aufschwung propagiert. In Deutschland sinken die Arbeitslosenzahlen auf seit Jahren nicht mehr gesehene Niveaus. In den USA legt die Konjunktur zu. Die internationalen Stimmungsindikatoren deuten auf Erholung hin. Da passen die Warnungen von Krisenexperte Nouriel Roubini nicht ins Bild.
Aber der prominente US-Ökonom hat sich in einem aktuellen Kommentar einmal mehr die Situation in Europa und rund um den Euro angeschaut. Seine Schlussfolgerung: die Euro-Zone wird auseinanderbrechen. „Im besten Fall wird sie sich noch fünf Jahre durchwursteln können. Im schlimmsten Fall wird sie auseinanderbrechen“, so Roubini in einer aktuellen Analyse.
Trotz des Euro-Rettungsschirms sind die „grundlegenden Probleme der Euro-Zone noch keineswegs gelöst.“ Positiv ist nur zu bewerten, dass der Rettungsschirm die Zahlungsunfähigkeit Griechenlands verhindert hat. Aber die Verunsicherung ist an die Anleihenmärkte zurückgekehrt. Das zeigen die wieder sprunghaft angestiegenen Risikoaufschläge für die gefährdeten Länder wie Portugal oder Irland. Seiner Einschätzung nach gibt es zudem aufgrund von „getürkten Stresstests“ ernste Bedenken über den Zustand der europäischen Bankenlandschaft.
Die bisherigen Maßnahmen haben laut Roubini eher kosmetischen Charakter. Seiner Einschätzung nach sind aber strukturelle Reformen und ernsthafte Sparmaßnahmen unvermeidlich. Aber zu den ernsthaften Schritten wird es wohl nicht kommen: Dazu gibt es in Europa zu viele schwache Regierungen, die auch Angst vor öffentlichen Protesten haben.
Nun hat Roubini in der Vergangenheit mit seinen Prognosen nicht immer richtig gelegen, aber bei der Einschätzung der Lage rund um den Euro liegt er völlig richtig. Auf die Missstände der Währungsunion habe ich schon im Herbst 2009 in meinem Buch „Die Euro-Katastrophe“ hingewiesen. Ob die Euro-Zone nun, wie Roubini prognostiziert, noch maximal fünf Jahre hält oder doch noch länger – das ändert nichts an den vielen strukturellen Fehlern. Die Auflösung ist bei den riesigen Schuldenbergen kaum noch aufzuhalten.
Herzlichst Ihr,
Günter Hannich
http://www.gevestor.de/geldanlage/details/article/roubini-ue…
Muss man einfach gehört haben, meine Meinung.
21.09.10 / 18:10, Abrufe gesamt: 4.987
Goldpreis: "Es könnte dramatisch werden!"
Noch kann von einer Gold-Blase nicht die Rede sein. Allerdings sagt Uwe Bergold, von GR Asset Management auch, dass es sie geben wird und dann könnte es dramatisch werden...
Der Goldpreis ist am Montagmorgen auf neue Rekordhochs gestiegen. Der Spotpreis kletterte auf 1.283,40 USD je Unze und der Dezember-Future an der Comex auf 1.284,90 USD je Unze.
http://www.daf.fm/video/goldpreis-es-koennte-dramatisch-werd…
21.09.10 / 18:10, Abrufe gesamt: 4.987
Goldpreis: "Es könnte dramatisch werden!"
Noch kann von einer Gold-Blase nicht die Rede sein. Allerdings sagt Uwe Bergold, von GR Asset Management auch, dass es sie geben wird und dann könnte es dramatisch werden...
Der Goldpreis ist am Montagmorgen auf neue Rekordhochs gestiegen. Der Spotpreis kletterte auf 1.283,40 USD je Unze und der Dezember-Future an der Comex auf 1.284,90 USD je Unze.
http://www.daf.fm/video/goldpreis-es-koennte-dramatisch-werd…
Mark Johnson Recommends Northgate Minerals, Barrick Gold: Video
http://www.youtube.com/watch?v=fezKJ5iKBbc
http://www.youtube.com/watch?v=fezKJ5iKBbc
Trading Spotlight
Northgate begibt eine Wandelanleihe am 29.9.2010 in der Höhe von 135 bis 150 Mill $ heraus, lt einer heutigen erst zur Veröffentlichung freigegebenen News. Die amerikanischen und kanadischen Teilnehmer konnten bereits gestern reagieren, was man an den großen Umsätzen dort erkennen konnte.
Der Schlußtermin für diese Wandel-Anleihe ist der 5.10.2010.
Wie der Name schon sagt, kann diese Wandel-Anleihe im Jahr 2016 entweder gewandelt oder aber auch in bar wieder zurück gezahlt werden.
Der aktuelle Wandelkurs liegt bei 1000 US $ für 244,9780 Stück Aktien. Der Zinszatz beträgt immerhin 3,5 % und der Wandelpreis je Aktie wurde auf 4,08 US $ festgelegt.
Der Preis der wandelbaren Aktie liegt damit gegenüber dem Schlußkurs vom 29.9.2010 bei ca. 130 %. Das bedeutet immerhin ein Steigerungspontenzial gegen über dem aktuellen Kurs von 30 %.
Bin gespannt ob sich die Aktie so entwickeln wird ?
Jetzt verstehe ich auch den gestrigen und bereits vorgestrigen Kursverfall der Aktie. Es ist nur schade, das wir soweit und so spät von diesem Wert entfernt sind.
Das bedeutet immer, das der deutsche Kleinaktionär zu spät informiert und daher auch zu spät reagieren kann.
Northgate Minerals Successfully Prices and Upsizes Convertible Note Offering to US$150 Million
VANCOUVER, Sept. 30 /CNW/ -
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) ("Northgate") announced today that as a result of strong investor demand for its previously announced public offering of convertible notes due 2016 (the "Convertible Notes"), it has agreed to increase the size of the offering from US$135 million to US$150 million. The Convertible Notes are being offered and sold at a price of 100% of their face value and will bear interest at a rate of 3.5% per year. Northgate expects to receive net proceeds from the offering of approximately US$144.1 million (or approximately US$163.5 million if the US$20 million over-allotment option is exercised in full) after deducting the underwriters' commission and expenses of the offering.
The underwriting syndicate is led by UBS Securities LLC acting as the sole bookrunning manager and includes Canaccord Genuity Corp, CIBC, Mackie Research Capital Corporation, Cormark Securities Inc., Credit Suisse Securities (Canada) Inc., Macquarie Capital Markets Canada Ltd., Scotia Capital Inc. and TD Securities Inc.
The Convertible Notes will have a semi-annual cash interest coupon of 3.5% and will be convertible into Northgate common shares.
The initial conversion rate will be 244.9780 common shares per $1,000 principal amount of Convertible Notes, representing an initial conversion price of approximately $4.08 per common share, which is approximately 130% of the closing price of Northgate common shares on the NYSE Amex on September 29, 2010.
Northgate may, in lieu of delivery of common shares upon conversion of all or a portion of the Convertible Notes, elect to pay cash or a combination of cash and common shares. The Convertible Notes will not be redeemable by Northgate prior to maturity, except upon the occurrence of certain changes to the laws governing Canadian withholding taxes. Holders of the Convertible Notes may, upon the occurrence of certain specified events, require Northgate to repurchase for cash all or a portion of their Convertible Notes at a price equal to 100% of the principal amount of such Convertible Notes, plus any accrued and unpaid interest.
The offering of Convertible Notes is expected to close, subject to market conditions and satisfaction of closing requirements, on or about October 5, 2010.
Northgate intends to use the net proceeds of the offering to finance a portion of the development costs of its Young-Davidson gold mine near Matachewan, Ontario. As of June 30, 2010, Northgate's pre-production capital cost estimate for Young-Davidson is approximately US$339 million. Northgate's cash balance as of June 30, 2010 was approximately US$204 million. As a result of the success of this financing, Northgate will not be pursuing its previously announced project loan facility. The Young-Davidson mine is currently scheduled to begin producing gold in early 2012.
A registration statement relating to these securities has been filed with and declared effective by the United States Securities and Exchange Commission (the "SEC"), and the base shelf prospectus and prospectus supplement relating to these securities has been filed with certain provincial securities regulatory authorities in Canada and the SEC.
A copy of the prospectus supplement and the short form base shelf prospectus may be obtained in the United States from UBS Securities LLC at 299 Park Avenue, New York, NY, 10171 (1-888-827-7275 telephone) or in Canada from UBS Securities Canada Inc. at 161 Bay Street, Suite 4100, Toronto, Ontario, M5J 2S1 (416-364-3293 telephone).
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Convertible Notes in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
Der Schlußtermin für diese Wandel-Anleihe ist der 5.10.2010.
Wie der Name schon sagt, kann diese Wandel-Anleihe im Jahr 2016 entweder gewandelt oder aber auch in bar wieder zurück gezahlt werden.
Der aktuelle Wandelkurs liegt bei 1000 US $ für 244,9780 Stück Aktien. Der Zinszatz beträgt immerhin 3,5 % und der Wandelpreis je Aktie wurde auf 4,08 US $ festgelegt.
Der Preis der wandelbaren Aktie liegt damit gegenüber dem Schlußkurs vom 29.9.2010 bei ca. 130 %. Das bedeutet immerhin ein Steigerungspontenzial gegen über dem aktuellen Kurs von 30 %.
Bin gespannt ob sich die Aktie so entwickeln wird ?
Jetzt verstehe ich auch den gestrigen und bereits vorgestrigen Kursverfall der Aktie. Es ist nur schade, das wir soweit und so spät von diesem Wert entfernt sind.
Das bedeutet immer, das der deutsche Kleinaktionär zu spät informiert und daher auch zu spät reagieren kann.
Northgate Minerals Successfully Prices and Upsizes Convertible Note Offering to US$150 Million
VANCOUVER, Sept. 30 /CNW/ -
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) ("Northgate") announced today that as a result of strong investor demand for its previously announced public offering of convertible notes due 2016 (the "Convertible Notes"), it has agreed to increase the size of the offering from US$135 million to US$150 million. The Convertible Notes are being offered and sold at a price of 100% of their face value and will bear interest at a rate of 3.5% per year. Northgate expects to receive net proceeds from the offering of approximately US$144.1 million (or approximately US$163.5 million if the US$20 million over-allotment option is exercised in full) after deducting the underwriters' commission and expenses of the offering.
The underwriting syndicate is led by UBS Securities LLC acting as the sole bookrunning manager and includes Canaccord Genuity Corp, CIBC, Mackie Research Capital Corporation, Cormark Securities Inc., Credit Suisse Securities (Canada) Inc., Macquarie Capital Markets Canada Ltd., Scotia Capital Inc. and TD Securities Inc.
The Convertible Notes will have a semi-annual cash interest coupon of 3.5% and will be convertible into Northgate common shares.
The initial conversion rate will be 244.9780 common shares per $1,000 principal amount of Convertible Notes, representing an initial conversion price of approximately $4.08 per common share, which is approximately 130% of the closing price of Northgate common shares on the NYSE Amex on September 29, 2010.
Northgate may, in lieu of delivery of common shares upon conversion of all or a portion of the Convertible Notes, elect to pay cash or a combination of cash and common shares. The Convertible Notes will not be redeemable by Northgate prior to maturity, except upon the occurrence of certain changes to the laws governing Canadian withholding taxes. Holders of the Convertible Notes may, upon the occurrence of certain specified events, require Northgate to repurchase for cash all or a portion of their Convertible Notes at a price equal to 100% of the principal amount of such Convertible Notes, plus any accrued and unpaid interest.
The offering of Convertible Notes is expected to close, subject to market conditions and satisfaction of closing requirements, on or about October 5, 2010.
Northgate intends to use the net proceeds of the offering to finance a portion of the development costs of its Young-Davidson gold mine near Matachewan, Ontario. As of June 30, 2010, Northgate's pre-production capital cost estimate for Young-Davidson is approximately US$339 million. Northgate's cash balance as of June 30, 2010 was approximately US$204 million. As a result of the success of this financing, Northgate will not be pursuing its previously announced project loan facility. The Young-Davidson mine is currently scheduled to begin producing gold in early 2012.
A registration statement relating to these securities has been filed with and declared effective by the United States Securities and Exchange Commission (the "SEC"), and the base shelf prospectus and prospectus supplement relating to these securities has been filed with certain provincial securities regulatory authorities in Canada and the SEC.
A copy of the prospectus supplement and the short form base shelf prospectus may be obtained in the United States from UBS Securities LLC at 299 Park Avenue, New York, NY, 10171 (1-888-827-7275 telephone) or in Canada from UBS Securities Canada Inc. at 161 Bay Street, Suite 4100, Toronto, Ontario, M5J 2S1 (416-364-3293 telephone).
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Convertible Notes in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
Michael spricht hier über den fürchterlichen Crash in Europa. Alles Geld das auf der Bank liegt verfällt und nur die Edelmetalle, wie Gold, Silber, Platin und andere Metalle helfen in der nächsten Zeit um zu überlieben.
Michael Mross im Interview mit Unser Politikblog TV UNSERPOLITIKBLOG
vom 25.9.2010
http://www.youtube.com/watch?v=mwFY25A3z7k&feature=player_em…
und hier spricht Prof. Max Otte, Teil 1, vom 27.9.2010: http://www.youtube.com/watch?v=TRkmNGG0ph0&NR=1
und hier die Fortsetzung von Prof. Max Otte, Teil 2,
http://www.youtube.com/watch?v=vtMAvXy_AmM&feature=related
Michael Mross im Interview mit Unser Politikblog TV UNSERPOLITIKBLOG
vom 25.9.2010
http://www.youtube.com/watch?v=mwFY25A3z7k&feature=player_em…
und hier spricht Prof. Max Otte, Teil 1, vom 27.9.2010: http://www.youtube.com/watch?v=TRkmNGG0ph0&NR=1
und hier die Fortsetzung von Prof. Max Otte, Teil 2,
http://www.youtube.com/watch?v=vtMAvXy_AmM&feature=related
Sollte der Dollar tatsächlich auf Null fallen dann steht der DAX bei 1000 und das Gold auf 20.000 Euro. So wie es im Moment hier leider richtig runtergeht, so wird es auch wieder nach oben gehen. Allerdings ist da schon ein bisschen Zeit dazwischen. Wieviel, das we´ß ich auch nicht ?
M. M-.
Interview mit Marc Faber:
„Der Dollar wird auf Null fallen“
Der Geldverwalter Marc Faber gilt als Ultra-Pessimist und Zyniker. Seiner Meinung nach werden Anleihen wertlos vefallen und Währungen ins Nichts kollabieren. Im Gespräch mit dem Handelsblatt warnt er vor den Folgen der Schuldenkrise und erklärt, wie sich Anleger am besten schützen.
http://www.handelsblatt.com/finanzen/boerse-inside/interview…
M. M-.
Interview mit Marc Faber:
„Der Dollar wird auf Null fallen“
Der Geldverwalter Marc Faber gilt als Ultra-Pessimist und Zyniker. Seiner Meinung nach werden Anleihen wertlos vefallen und Währungen ins Nichts kollabieren. Im Gespräch mit dem Handelsblatt warnt er vor den Folgen der Schuldenkrise und erklärt, wie sich Anleger am besten schützen.
http://www.handelsblatt.com/finanzen/boerse-inside/interview…
Das Geld ist im Sack. Ich glaube für die Eingestiegenen wird es zu einem guten Ende kommen. Bis zum Jahr 2016 wenn der Aktientausch oder die Bargeld-Rückzahlung erfolgen muß, werden sie wohl das Geld aus den Goldverkäufen verdient haben. M.M.
Northgate Minerals Closes US$150 Million Convertible Note Offering
VANCOUVER, Oct. 5 /CNW/ -
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) ("Northgate") is pleased to announce the closing of our previously announced offering of US$150 million convertible notes due 2016 (the "Convertible Notes"). The Convertible Notes bear interest at a rate of 3.5% per year and are convertible into common shares of Northgate at a conversion price of US$4.08 per share. Northgate may, in lieu of delivery of common shares upon conversion of all or a portion of the Convertible Notes, elect to pay cash or a combination of cash and common shares.
Northgate has received net proceeds from the offering of approximately US$144.1 million after deducting the underwriters' commission and expenses of the offering.
"We are extremely pleased with the closing of this offering, as we are now fully funded to build the Young-Davidson mine" said Ken Stowe, President and CEO. "Committed expenditures for the construction of the mine have surpassed the $150 million mark and the project remains on schedule and on budget. With production at Young-Davidson scheduled to begin in early 2012, we fully expect the project to generate more than sufficient cash flow to repay the convertible notes when they mature in 2016. We are pleased to complete a transaction that does not have a dilutive effect on our stock and is consistent with our commitment to creation of long-term, sustainable value for our shareholders."
The underwriting syndicate is led by UBS Securities LLC acting as the sole bookrunning manager and includes Canaccord Genuity Corp, CIBC, Mackie Research Capital Corporation, Cormark Securities Inc., Credit Suisse Securities (Canada) Inc., Macquarie Capital Markets Canada Ltd., Scotia Capital Inc. and TD Securities Inc. Northgate has also granted the underwriters a 30-day option to purchase up to an additional US$20 million of Convertible Notes to cover over-allotments.
Northgate intends to use the net proceeds of the offering to finance a portion of the development costs of its Young-Davidson gold mine near Matachewan, Ontario. Northgate's cash balance as of June 30, 2010 was approximately US$204 million and as a result of the success of this offering, Northgate now has sufficient funds to construct the Young-Davidson mine, which is currently scheduled to begin producing gold in early 2012.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Convertible Notes in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
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.
Northgate Minerals Closes US$150 Million Convertible Note Offering
VANCOUVER, Oct. 5 /CNW/ -
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) ("Northgate") is pleased to announce the closing of our previously announced offering of US$150 million convertible notes due 2016 (the "Convertible Notes"). The Convertible Notes bear interest at a rate of 3.5% per year and are convertible into common shares of Northgate at a conversion price of US$4.08 per share. Northgate may, in lieu of delivery of common shares upon conversion of all or a portion of the Convertible Notes, elect to pay cash or a combination of cash and common shares.
Northgate has received net proceeds from the offering of approximately US$144.1 million after deducting the underwriters' commission and expenses of the offering.
"We are extremely pleased with the closing of this offering, as we are now fully funded to build the Young-Davidson mine" said Ken Stowe, President and CEO. "Committed expenditures for the construction of the mine have surpassed the $150 million mark and the project remains on schedule and on budget. With production at Young-Davidson scheduled to begin in early 2012, we fully expect the project to generate more than sufficient cash flow to repay the convertible notes when they mature in 2016. We are pleased to complete a transaction that does not have a dilutive effect on our stock and is consistent with our commitment to creation of long-term, sustainable value for our shareholders."
The underwriting syndicate is led by UBS Securities LLC acting as the sole bookrunning manager and includes Canaccord Genuity Corp, CIBC, Mackie Research Capital Corporation, Cormark Securities Inc., Credit Suisse Securities (Canada) Inc., Macquarie Capital Markets Canada Ltd., Scotia Capital Inc. and TD Securities Inc. Northgate has also granted the underwriters a 30-day option to purchase up to an additional US$20 million of Convertible Notes to cover over-allotments.
Northgate intends to use the net proceeds of the offering to finance a portion of the development costs of its Young-Davidson gold mine near Matachewan, Ontario. Northgate's cash balance as of June 30, 2010 was approximately US$204 million and as a result of the success of this offering, Northgate now has sufficient funds to construct the Young-Davidson mine, which is currently scheduled to begin producing gold in early 2012.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Convertible Notes in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
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.
Northgate Minerals Corporation - Conference Call and Webcast Notice of Q3 Financial Results
VANCOUVER, Oct. 6 /CNW/ -
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 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 or http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3239…
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.
VANCOUVER, Oct. 6 /CNW/ -
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 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 or http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3239…
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.
Jimmy spricht hier über die Edelmetalle und über weitere Rohstoffe wie Öl, etc.
Alle Börsianer müssen auf das Frühjahr 2011 schauen, erst dann wird es spannend werden.
Das ist ja überhaupt nicht mehr zum aushalten.
05.10.10 / 18:01, Abrufe gesamt: 19.327
Jim Rogers: Warnung vor März/April 2011 (deutsche Fassung)
Es ist nicht wichtig was in der US-Bilanzsaison passiert oder bei den Midtermwahlen in den USA, sagt Jim Rogers im Interview mit dem DAF. Die Investmentlegende ist eher besorgt für 2011. Langfristig optimistisch blickt Rogers auf die Rohstoffe. Zwar wird die Goldrallye eine Verschnaufpause einlegen. Dennoch rät er den Anlegern weiterhin an ihrem Gold festzuhalten, denn nach der Pause geht es weiter nach oben - zu neuen Rekordhochs.
Bis 2020 sei ein Ziel von über 2.000 US-Dollar für die Feinunze machbar.
Noch optimistischer gestimmt ist Jim Rogers allerdings für Silber. Das Edelmetall ist etwa 60 Prozent von seinem Allzeithoch entfernt, Gold hat erst ein neues Allzeithoch erreicht.
Daher ist seiner Ansicht nach Silber derzeit die bessere Wahl. Der Goldpreis hat vergangene Woche die Marke von 1.300 US-Dollar je Feinunze geknackt. Inflationssorgen und Konjunkturskepsis treiben den Preis des Edelmetalls weiter in die Höhe. Und auch für den Ölpreis rechnet der Investmentguru mit einem weiteren Anstieg. "Der Welt gehen die bekannten Ölreserven aus". Daher sollte der Preis auch in den kommenden Jahren weiter in die Höhe klettern. Ein spannendes Thema für Jim Rogers ist auch der Zuckerpreis.
Ein Produkt, das auf historischer Basis sehr schwach ist, ebenso wie Reis. "Es gibt viele Möglichkeiten in der Landwirtschaft. Wenn ich Sie wäre, würde ich nach Deutschland zurückgehen und Bauer werden. Weil Bauern sehr viel reicher werden als irgendjemand sonst in den nächsten zwanzig Jahren". Welche Meinung Rogers zu alternativen Energien, der US-Wirtschaft, Asien und dem Dollar vertritt, das erfahren Sie hier im DAF Interview.
http://www.daf.fm/video/jim-rogers-warnung-vor-maerzapril-20…
Alle Börsianer müssen auf das Frühjahr 2011 schauen, erst dann wird es spannend werden.
Das ist ja überhaupt nicht mehr zum aushalten.
05.10.10 / 18:01, Abrufe gesamt: 19.327
Jim Rogers: Warnung vor März/April 2011 (deutsche Fassung)
Es ist nicht wichtig was in der US-Bilanzsaison passiert oder bei den Midtermwahlen in den USA, sagt Jim Rogers im Interview mit dem DAF. Die Investmentlegende ist eher besorgt für 2011. Langfristig optimistisch blickt Rogers auf die Rohstoffe. Zwar wird die Goldrallye eine Verschnaufpause einlegen. Dennoch rät er den Anlegern weiterhin an ihrem Gold festzuhalten, denn nach der Pause geht es weiter nach oben - zu neuen Rekordhochs.
Bis 2020 sei ein Ziel von über 2.000 US-Dollar für die Feinunze machbar.
Noch optimistischer gestimmt ist Jim Rogers allerdings für Silber. Das Edelmetall ist etwa 60 Prozent von seinem Allzeithoch entfernt, Gold hat erst ein neues Allzeithoch erreicht.
Daher ist seiner Ansicht nach Silber derzeit die bessere Wahl. Der Goldpreis hat vergangene Woche die Marke von 1.300 US-Dollar je Feinunze geknackt. Inflationssorgen und Konjunkturskepsis treiben den Preis des Edelmetalls weiter in die Höhe. Und auch für den Ölpreis rechnet der Investmentguru mit einem weiteren Anstieg. "Der Welt gehen die bekannten Ölreserven aus". Daher sollte der Preis auch in den kommenden Jahren weiter in die Höhe klettern. Ein spannendes Thema für Jim Rogers ist auch der Zuckerpreis.
Ein Produkt, das auf historischer Basis sehr schwach ist, ebenso wie Reis. "Es gibt viele Möglichkeiten in der Landwirtschaft. Wenn ich Sie wäre, würde ich nach Deutschland zurückgehen und Bauer werden. Weil Bauern sehr viel reicher werden als irgendjemand sonst in den nächsten zwanzig Jahren". Welche Meinung Rogers zu alternativen Energien, der US-Wirtschaft, Asien und dem Dollar vertritt, das erfahren Sie hier im DAF Interview.
http://www.daf.fm/video/jim-rogers-warnung-vor-maerzapril-20…
Meinung|08.10.10|
Dr. Doom(82)
Billige Dollars bereiten nächste Finanzkrise vorGefährliche Dollarschwemme:
Die irrsinnige amerikanische Geldpolitik bedroht selbst solide Währungen wie den Yen und den Schweizer Franken.
http://www.welt.de/finanzen/article10160670/Billige-Dollars-…
Dr. Doom(82)
Billige Dollars bereiten nächste Finanzkrise vorGefährliche Dollarschwemme:
Die irrsinnige amerikanische Geldpolitik bedroht selbst solide Währungen wie den Yen und den Schweizer Franken.
http://www.welt.de/finanzen/article10160670/Billige-Dollars-…
Leider gibt es keine News von Northgate Minerals aber solche Infos sind ja auch des lesens wert, oder ?
Dann wollen wir mal die nächste Woche abwarten was passiert ?
GOLD - Fällt die Entscheidung noch in den nächsten Tagen?!
Autor: Marcel Torney | 10.10.2010, 10:35 | 992 Aufrufe
http://www.wallstreet-online.de/nachricht/3030126-gold-faell…
Dann wollen wir mal die nächste Woche abwarten was passiert ?
GOLD - Fällt die Entscheidung noch in den nächsten Tagen?!
Autor: Marcel Torney | 10.10.2010, 10:35 | 992 Aufrufe
http://www.wallstreet-online.de/nachricht/3030126-gold-faell…
Und schon ist der Kurs von 1350 Geschichte. Wann sehen wir die 1400 US $ ? Noch in dieser Woche aber bestimmt zum Ende diesen Monats.
Bericht für den 6. Oktober 2010
$1.350er-Marke in Reichweite
So schnell kann das gehen: Letzte Woche wurde noch hart um die $1.300er-Marke bei Gold gekämpft und heute früh im asiatischen Handel touchierte das gelbe Metall die nächstfolgende Marke von $1.350.
Ansonsten war die heutige Preisentwicklung viel ruhiger als am Dienstag. Aber trotzdem ging es im Tagesverlauf noch einmal um acht Dollar oder 0,6 Prozent nach oben.
Erneut zeigte Silber seine neu gewonnene Stärke: Plus 30 Cent oder 1,3 Prozent. Oder Palladium mit einem Anstieg um neun Dollar oder 1,6 Prozent.
Aber auch der US-Aktienmarkt steuert mit knapp 11.000 Punkten auf einen mehrjährigen Rekord zu. Oder das US-Öl mit einem Stand von $83,30.
http://www.bullionaer.de/shop/showZiemann.php/file/201010061…
Bericht für den 6. Oktober 2010
$1.350er-Marke in Reichweite
So schnell kann das gehen: Letzte Woche wurde noch hart um die $1.300er-Marke bei Gold gekämpft und heute früh im asiatischen Handel touchierte das gelbe Metall die nächstfolgende Marke von $1.350.
Ansonsten war die heutige Preisentwicklung viel ruhiger als am Dienstag. Aber trotzdem ging es im Tagesverlauf noch einmal um acht Dollar oder 0,6 Prozent nach oben.
Erneut zeigte Silber seine neu gewonnene Stärke: Plus 30 Cent oder 1,3 Prozent. Oder Palladium mit einem Anstieg um neun Dollar oder 1,6 Prozent.
Aber auch der US-Aktienmarkt steuert mit knapp 11.000 Punkten auf einen mehrjährigen Rekord zu. Oder das US-Öl mit einem Stand von $83,30.
http://www.bullionaer.de/shop/showZiemann.php/file/201010061…
Na bitte, da haben sie über 20 Mill. mehr eingenommen. Dieses Geld benötigen sie bestimmt für die Errichtung ihrer Mine in Ontario.
Diese News habe ich heute in mein Postfach rein bekommen.
Northgate Minerals Announces Exercise of Over-Allotment Option
VANCOUVER, Oct. 12 /CNW/ -
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) ("Northgate") announced today that the underwriters of its previously announced offering of 3.50% convertible senior notes due 2016 have exercised their US$20 million over-allotment option in full, increasing the total offering size to US$170 million. As a result, Northgate expects to receive net proceeds from the offering of approximately US$163.5 million after deducting the underwriters' commission and expenses of the offering. Closing of the over-allotment option is expected to occur on or about October 15, 2010.
As previously announced, Northgate intends to use the net proceeds of the offering to finance a portion of the US$339 million pre-production development cost of its Young-Davidson gold mine near Matachewan, Ontario, which is currently scheduled to begin producing gold in early 2012.
"With the success of this financing, Northgate now has sufficient funds to develop Young-Davidson, meaning that a key milestone for the Company has been achieved through one of the least dilutive means possible" said Ken Stowe, President and CEO. "Our intention is to settle the notes by delivery of cash, and with production at Young-Davidson scheduled to commence in 2012, we fully expect the mine to generate more than enough free cash flow to repay the convertible notes prior to their maturity in 2016, such that there will be no need to issue shares upon conversion."
Prior to July 2016, the notes are only convertible into common shares upon the occurrence of a limited number of specified events, none of which is solely within the control of the note holder. In the event that an early conversion right is triggered, any shares issued by Northgate would be priced at a significant premium to Northgate's current share price.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Convertible Notes in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
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.
Diese News habe ich heute in mein Postfach rein bekommen.
Northgate Minerals Announces Exercise of Over-Allotment Option
VANCOUVER, Oct. 12 /CNW/ -
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) ("Northgate") announced today that the underwriters of its previously announced offering of 3.50% convertible senior notes due 2016 have exercised their US$20 million over-allotment option in full, increasing the total offering size to US$170 million. As a result, Northgate expects to receive net proceeds from the offering of approximately US$163.5 million after deducting the underwriters' commission and expenses of the offering. Closing of the over-allotment option is expected to occur on or about October 15, 2010.
As previously announced, Northgate intends to use the net proceeds of the offering to finance a portion of the US$339 million pre-production development cost of its Young-Davidson gold mine near Matachewan, Ontario, which is currently scheduled to begin producing gold in early 2012.
"With the success of this financing, Northgate now has sufficient funds to develop Young-Davidson, meaning that a key milestone for the Company has been achieved through one of the least dilutive means possible" said Ken Stowe, President and CEO. "Our intention is to settle the notes by delivery of cash, and with production at Young-Davidson scheduled to commence in 2012, we fully expect the mine to generate more than enough free cash flow to repay the convertible notes prior to their maturity in 2016, such that there will be no need to issue shares upon conversion."
Prior to July 2016, the notes are only convertible into common shares upon the occurrence of a limited number of specified events, none of which is solely within the control of the note holder. In the event that an early conversion right is triggered, any shares issued by Northgate would be priced at a significant premium to Northgate's current share price.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Convertible Notes in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
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.
Preisexplosion bei Gold und Silber: Wo ist das Ende der Fahnenstange?
12.10.2010 11:00 Uhr von Dr. Bernd Heim
Viele Goldbugs sind was die Kursziele betrifft alles andere als zimperlich. Für sie steht schon heute außer Frage, dass der Goldpreis früher oder später durch die Decke gehen und Kurse von über 5.000 US Dollar je Feinunze erreichen wird. Doch wie realistisch sind diese Zahlen. Handelt es sich um Wunschträume, die man als seriöser Anleger nicht weiter beachten muss oder steckt mehr hinter diesen im ersten Moment utopisch anmutenden Preiszielen?
http://rohstoffe.gevestor.de/newsletter/edelmetalle/details-…
12.10.2010 11:00 Uhr von Dr. Bernd Heim
Viele Goldbugs sind was die Kursziele betrifft alles andere als zimperlich. Für sie steht schon heute außer Frage, dass der Goldpreis früher oder später durch die Decke gehen und Kurse von über 5.000 US Dollar je Feinunze erreichen wird. Doch wie realistisch sind diese Zahlen. Handelt es sich um Wunschträume, die man als seriöser Anleger nicht weiter beachten muss oder steckt mehr hinter diesen im ersten Moment utopisch anmutenden Preiszielen?
http://rohstoffe.gevestor.de/newsletter/edelmetalle/details-…
Die Beschaffung des neuen Geldes für die MIne in Ontario ist jetzt durch.
Das Geld ist in der Höhe von ca. 163 Mill US $ jetzt in der Kasse.
Northgate Minerals Announces Closing of Over-allotment Option
VANCOUVER, Oct. 15 /CNW/ -
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) ("Northgate") is pleased to announce that it has completed the sale of an additional US$20 million of 3.50% convertible senior notes due 2016 ("Convertible Notes") pursuant to the previously announced exercise of an over-allotment option (the "Over-Allotment Option") by a syndicate of underwriters (the "Underwriters") led by UBS Securities LLC. The Over-Allotment Option was granted to the Underwriters in connection with the public offering (the "Offering") of US$150 million Convertible Notes of Northgate which closed on October 5, 2010.
Net proceeds from the Offering, including the Convertible Notes sold pursuant to the exercise of the Over-Allotment Option, will be approximately US$163.5 million after deducting the Underwriters' commission and expenses of the Offering.
As previously announced, Northgate intends to use the net proceeds of the Offering to finance a portion of the US$339 million pre-production development cost of its Young-Davidson gold mine near Matachewan, Ontario, which is currently scheduled to begin producing gold in early 2012.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Convertible Notes in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
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:
Das Geld ist in der Höhe von ca. 163 Mill US $ jetzt in der Kasse.
Northgate Minerals Announces Closing of Over-allotment Option
VANCOUVER, Oct. 15 /CNW/ -
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) ("Northgate") is pleased to announce that it has completed the sale of an additional US$20 million of 3.50% convertible senior notes due 2016 ("Convertible Notes") pursuant to the previously announced exercise of an over-allotment option (the "Over-Allotment Option") by a syndicate of underwriters (the "Underwriters") led by UBS Securities LLC. The Over-Allotment Option was granted to the Underwriters in connection with the public offering (the "Offering") of US$150 million Convertible Notes of Northgate which closed on October 5, 2010.
Net proceeds from the Offering, including the Convertible Notes sold pursuant to the exercise of the Over-Allotment Option, will be approximately US$163.5 million after deducting the Underwriters' commission and expenses of the Offering.
As previously announced, Northgate intends to use the net proceeds of the Offering to finance a portion of the US$339 million pre-production development cost of its Young-Davidson gold mine near Matachewan, Ontario, which is currently scheduled to begin producing gold in early 2012.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Convertible Notes in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
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:
Antwort auf Beitrag Nr.: 40.331.159 von boersentrader02 am 15.10.10 16:50:16Momentan macht die Aktie aber tatsächlich wenig Spaß. Aber da das Gold atmet und einige Prozente herunter geht, kann sich NXG nicht dagegen stemmen und fällt auch.
Allerdings ist es schon spannend wie weit der Kurs fallen wird ?
Warten wir auf die Zahlen die Anfang November 010 veröffentlicht werden.
Es wird wohl noch einige Zeit dauern bis das der Kurs wieder anspringt, m. M.
Northgate Minerals (AMEX:NXG) traded in a range yesterday that spanned from a low of $2.71 to a high of $2.81. Yesterday, the shares fell 2.80%, which took the trading range below the 3-day low of $2.84 on volume of 4.8 million shares.
Shares of Northgate Minerals are currently trading below their 50-day moving average (MA) of $3.06 and below their 200-day MA of $3.00. Look for these MAs to provide resistance for a short-term rebound in the shares.
SmarTrend is bearish on shares of Northgate Minerals and our subscribers were alerted to Sell on October 04, 2010 at $2.92. The stock has fallen 4.8% since the alert was issued.
SmarTrend has the shares in a Downtrend and expects the share price to rebound toward the $2.84 resistance level. Afterwards, we expect it to move downward with its peers in the SmarTrend Gold industry.
http://www.mysmartrend.com/news-briefs/news-watch/northgate-…
Allerdings ist es schon spannend wie weit der Kurs fallen wird ?
Warten wir auf die Zahlen die Anfang November 010 veröffentlicht werden.
Es wird wohl noch einige Zeit dauern bis das der Kurs wieder anspringt, m. M.
Northgate Minerals (AMEX:NXG) traded in a range yesterday that spanned from a low of $2.71 to a high of $2.81. Yesterday, the shares fell 2.80%, which took the trading range below the 3-day low of $2.84 on volume of 4.8 million shares.
Shares of Northgate Minerals are currently trading below their 50-day moving average (MA) of $3.06 and below their 200-day MA of $3.00. Look for these MAs to provide resistance for a short-term rebound in the shares.
SmarTrend is bearish on shares of Northgate Minerals and our subscribers were alerted to Sell on October 04, 2010 at $2.92. The stock has fallen 4.8% since the alert was issued.
SmarTrend has the shares in a Downtrend and expects the share price to rebound toward the $2.84 resistance level. Afterwards, we expect it to move downward with its peers in the SmarTrend Gold industry.
http://www.mysmartrend.com/news-briefs/news-watch/northgate-…
Antwort auf Beitrag Nr.: 40.358.949 von boersentrader02 am 20.10.10 16:38:4508:29 Uhr Zur News-Übersicht
Jim Rogers: Lieber Silber als Gold
Andreas Deutsch
Rohstoff-Guru Jim Rogers erwartet, dass der Goldpreis weiter steigen wird. Interessanter ist aus seiner Sicht allerdings Silber, der kleine Bruder von Gold. Silber sollte in den kommenden Jahren auf mehr als 50 Dollar steigen, so Rogers in einem Zeitungsinterview. Was ist für Anleger noch attraktiv?
Momentan sei jeder bullish für Gold, so Rogers zur Frankfurter Allgemeinen Zeitung (FAZ). Deswegen würde er jetzt nicht Gold kaufen. "Wenn Gold korrigieren sollte, und der Preis einige Zeit fällt, dann ist der richtige Zeitpunkt zum Einstieg gekommen", sagte er. Hingegen liege Silber "momentan noch weit unter seinem bisherigen Hoch, während Gold ja gerade einige neue Höchststände erreichte." Silber sei nicht nur ein Edelmetall, sondern auch ein Industriemetall. "Umso besser sich die Weltwirtschaft entwickeln sollte, umso besser ist das auch für Silber", so die Investorenlegende weiter.
Silber bei 50 Dollar
In der nächsten Dekade werde der Goldpreis sicherlich auf mehr als 2.000 Dollar für eine Unze steigen. Der Silberpreis werde auf über 50 Dollar klettern. "Das bedeutet natürlich, dass beide Preise auf dem Weg dorthin vorübergehend immer auch mal fallen können - jeder Preisanstieg korrigiert zwischendrin", sagte Rogers zur FAZ.
"Werden Sie Bäuerin"
Im Interview mit dem AKTIONÄR vor wenigen Tagen empfahl Rogers neben Gold und Silber zudem Reis. Sein Rat an die Interviewerin: "Wäre ich Sie, würde ich nach Deutschland zurückgehen und Bäuerin werden. Bauern werden viel reicher als sonst jemand in den nächsten 20 Jahren."
Das vollständige Rogers-Interview im AKTIONÄR erschien in Ausgabe 42/2010. Zum ePaper gelangen Sie hier.
Das komplette Interview finden Sie im Internet unter www.daf.fm/video/jimrogers.
http://www.deraktionaer.de/xist4c/web/Jim-Rogers-Silber-Gold…
Jim Rogers: Lieber Silber als Gold
Andreas Deutsch
Rohstoff-Guru Jim Rogers erwartet, dass der Goldpreis weiter steigen wird. Interessanter ist aus seiner Sicht allerdings Silber, der kleine Bruder von Gold. Silber sollte in den kommenden Jahren auf mehr als 50 Dollar steigen, so Rogers in einem Zeitungsinterview. Was ist für Anleger noch attraktiv?
Momentan sei jeder bullish für Gold, so Rogers zur Frankfurter Allgemeinen Zeitung (FAZ). Deswegen würde er jetzt nicht Gold kaufen. "Wenn Gold korrigieren sollte, und der Preis einige Zeit fällt, dann ist der richtige Zeitpunkt zum Einstieg gekommen", sagte er. Hingegen liege Silber "momentan noch weit unter seinem bisherigen Hoch, während Gold ja gerade einige neue Höchststände erreichte." Silber sei nicht nur ein Edelmetall, sondern auch ein Industriemetall. "Umso besser sich die Weltwirtschaft entwickeln sollte, umso besser ist das auch für Silber", so die Investorenlegende weiter.
Silber bei 50 Dollar
In der nächsten Dekade werde der Goldpreis sicherlich auf mehr als 2.000 Dollar für eine Unze steigen. Der Silberpreis werde auf über 50 Dollar klettern. "Das bedeutet natürlich, dass beide Preise auf dem Weg dorthin vorübergehend immer auch mal fallen können - jeder Preisanstieg korrigiert zwischendrin", sagte Rogers zur FAZ.
"Werden Sie Bäuerin"
Im Interview mit dem AKTIONÄR vor wenigen Tagen empfahl Rogers neben Gold und Silber zudem Reis. Sein Rat an die Interviewerin: "Wäre ich Sie, würde ich nach Deutschland zurückgehen und Bäuerin werden. Bauern werden viel reicher als sonst jemand in den nächsten 20 Jahren."
Das vollständige Rogers-Interview im AKTIONÄR erschien in Ausgabe 42/2010. Zum ePaper gelangen Sie hier.
Das komplette Interview finden Sie im Internet unter www.daf.fm/video/jimrogers.
http://www.deraktionaer.de/xist4c/web/Jim-Rogers-Silber-Gold…
Antwort auf Beitrag Nr.: 40.362.231 von boersentrader02 am 20.10.10 22:58:10Auch hiervon wird NXG noch in diesem und im nächsten Jahr beim Verkauf ihrer Kupferförderung profitieren.
Dies bedeutet daher, dass die Förderungskosten für jede geförderte Gold-Unze weniger das Budget von NXG belastet. #
Kupfer im Höhenflug
Autor: Heiko Aschoff | 31.10.2010, 13:15 | 327 Aufrufe | 0 |
Kupfer ist ein ausgezeichneter Konjunkturindikator. Demnach geht es der Wirtschaft blendend. Zwar sieht es nicht in allen Winkeln der Erde rosig aus, aber es läuft viel besser als von den Experten erwartet. Kupfer, der unentbehrliche Rohstoff für die Industrie, hat es wieder einmal frühzeitig angekündigt. Seit dem starken Einbruch Ende 2008 infolge der Finanzmarktkrise hat er sich rasant erholt. Er schnuppert Höhenluft. Muss man jetzt besonders aufpassen?
Wenn sich ein Wert in der Nähe eines Mehrjahreshochs befindet, ist ihm unter technischen Analysten weltweite Aufmerksamkeit sicher. Diesmal möchte ihr Augenmerk auf die fundamentale Situation lenken.
Die Kupferproduktion ist seit den neunziger Jahren von rund 500.000 Tonnen auf über 15 Millionen Tonnen gestiegen. Angesicht dieser Angebotsausweitung scheint die Kupfer-Hausse auf wackeligen Beinen zu stehen. Der Schein trügt. Es handelt sich um keine gigantische Rohstoffblase. Im Gegenteil, es sieht so aus, als sitzt noch mehr drin. Wie das?
Nicht nur die Kupferproduktion wurde stark ausgeweitet, sondern auch die Nachfrage explodierte regelrecht. Besonders pikant ist, dass die Produktionsausweitung mit dem weltweiten Bedarf nicht ewig mithalten kann. Der Anstieg verlief exponentiell. Das Tempo kann nicht durchgehalten werden.
Wir Menschen denken in linearen Größen und begreifen nicht wirklich, um wie viel schneller exponentielle Prozesse ablaufen. Vieles spricht dafür, dass die Finanzmarktkrise uns alle deshalb so überraschte, weil der Prozess ebenfalls nicht linear ablief. Selbst Experten, die die Krise erahnten, wurden von der Schnelligkeit überrollt.
Zurück zum Kupfer. Exponentielles Wachstum geht grafisch gesprochen nach einem sich langsam beschleunigenden Prozess in die „Senkrechte“ über. Auf Kupfer übertragen heißt das, das Angebot kommt mit der starken Nachfrage mit. Wenn die Weltwirtschaft nicht einbricht, zeichnet sich ein steigendes Angebotsdefizit ab. Bereits jetzt schmelzen die Lagerbestände ab. Das sind gute Nachrichten für Haussiers, schlechte für rohstoffintensive Industriezweige.
Fazit: Es handelt sich um keine Blase im Kupfermarkt. Die galoppierenden Preise sind Ausdruck der angespannten Angebots- / Nachfragesituation. Solange sich ein Angebotsdefizit abzeichnet, ja sogar verschärft, spannen fundamentale Kräfte ein Sicherheitsnetz unter den Kupferpreis.
--------------------------------------------------------------------------------
Über den Autor Heiko Aschoff:
Zwanzig Jahre Börsenbegeisterung und über zehn Jahre professionelle Tätigkeiten im Investmentbereich zeichnen den Diplom-Kaufmann Heiko Aschoff aus. Das spannende Geschehen fordert ihn als Portfoliomanager, technischer Analyst und Wirtschaftspublizist täglich auf ein Neues heraus.
http://www.wallstreet-online.de/nachricht/3043087-kupfer-im-…
Dies bedeutet daher, dass die Förderungskosten für jede geförderte Gold-Unze weniger das Budget von NXG belastet. #
Kupfer im Höhenflug
Autor: Heiko Aschoff | 31.10.2010, 13:15 | 327 Aufrufe | 0 |
Kupfer ist ein ausgezeichneter Konjunkturindikator. Demnach geht es der Wirtschaft blendend. Zwar sieht es nicht in allen Winkeln der Erde rosig aus, aber es läuft viel besser als von den Experten erwartet. Kupfer, der unentbehrliche Rohstoff für die Industrie, hat es wieder einmal frühzeitig angekündigt. Seit dem starken Einbruch Ende 2008 infolge der Finanzmarktkrise hat er sich rasant erholt. Er schnuppert Höhenluft. Muss man jetzt besonders aufpassen?
Wenn sich ein Wert in der Nähe eines Mehrjahreshochs befindet, ist ihm unter technischen Analysten weltweite Aufmerksamkeit sicher. Diesmal möchte ihr Augenmerk auf die fundamentale Situation lenken.
Die Kupferproduktion ist seit den neunziger Jahren von rund 500.000 Tonnen auf über 15 Millionen Tonnen gestiegen. Angesicht dieser Angebotsausweitung scheint die Kupfer-Hausse auf wackeligen Beinen zu stehen. Der Schein trügt. Es handelt sich um keine gigantische Rohstoffblase. Im Gegenteil, es sieht so aus, als sitzt noch mehr drin. Wie das?
Nicht nur die Kupferproduktion wurde stark ausgeweitet, sondern auch die Nachfrage explodierte regelrecht. Besonders pikant ist, dass die Produktionsausweitung mit dem weltweiten Bedarf nicht ewig mithalten kann. Der Anstieg verlief exponentiell. Das Tempo kann nicht durchgehalten werden.
Wir Menschen denken in linearen Größen und begreifen nicht wirklich, um wie viel schneller exponentielle Prozesse ablaufen. Vieles spricht dafür, dass die Finanzmarktkrise uns alle deshalb so überraschte, weil der Prozess ebenfalls nicht linear ablief. Selbst Experten, die die Krise erahnten, wurden von der Schnelligkeit überrollt.
Zurück zum Kupfer. Exponentielles Wachstum geht grafisch gesprochen nach einem sich langsam beschleunigenden Prozess in die „Senkrechte“ über. Auf Kupfer übertragen heißt das, das Angebot kommt mit der starken Nachfrage mit. Wenn die Weltwirtschaft nicht einbricht, zeichnet sich ein steigendes Angebotsdefizit ab. Bereits jetzt schmelzen die Lagerbestände ab. Das sind gute Nachrichten für Haussiers, schlechte für rohstoffintensive Industriezweige.
Fazit: Es handelt sich um keine Blase im Kupfermarkt. Die galoppierenden Preise sind Ausdruck der angespannten Angebots- / Nachfragesituation. Solange sich ein Angebotsdefizit abzeichnet, ja sogar verschärft, spannen fundamentale Kräfte ein Sicherheitsnetz unter den Kupferpreis.
--------------------------------------------------------------------------------
Über den Autor Heiko Aschoff:
Zwanzig Jahre Börsenbegeisterung und über zehn Jahre professionelle Tätigkeiten im Investmentbereich zeichnen den Diplom-Kaufmann Heiko Aschoff aus. Das spannende Geschehen fordert ihn als Portfoliomanager, technischer Analyst und Wirtschaftspublizist täglich auf ein Neues heraus.
http://www.wallstreet-online.de/nachricht/3043087-kupfer-im-…
Antwort auf Beitrag Nr.: 40.424.013 von boersentrader02 am 31.10.10 17:34:52Immerhin haben sie ja auch noch einiges an Silber zu bieten, zumindest seh ich das so.
Der Silbermarkt kommt jetzt in Fahrt und die Händler der beiden Banken werden schon jetzt ihren Arsch spüren, der steht vor dem platzen.
Bin gespannt wann es denn los gehen wird ?
Zwischen Halloween und Hallowahn »
Aufruhr am Silbermarkt
01.11.10 12:32 , Kategorien: Kommentare
von Frank Meyer
Oha! Es gab also doch Versuche, den Silbermarkt zu „beeinflussen“. Das stammt nicht etwa von einem mit viel Häme bedachten „Silberverschwörer“, sondern von Bart Chilton, einem Vertreter der für den US-Terminmarkt zuständigen Regulierungsbehörde. Zwei Händler haben J.P.Morgan und HSBC angezeigt. Was bedeutet das aber für den Silbermarkt in den nächsten Wochen?
http://frank-meyer.eu/blog/index.php?p=2282&more=1&c=1&tb=1&…
Hier ein kleiner Hinweis aus dem Text von Frank Meyer zu den Banken, hier ist es zumindest schon mal eine, die andere findet ihr im laufenden Text:
[b]Warum zum Teufel halten zwei oder drei Banken so hohe Shortbestände? In keinem anderen Markt findet man diese Extreme. Gemessen an der gehandelten Zahl von Terminmarktkontrakten beherrscht J.P.Morgen den Derivatemarkt bei Gold und Silber zu gut 90 Prozent.[/b]
Der Silbermarkt kommt jetzt in Fahrt und die Händler der beiden Banken werden schon jetzt ihren Arsch spüren, der steht vor dem platzen.
Bin gespannt wann es denn los gehen wird ?
Zwischen Halloween und Hallowahn »
Aufruhr am Silbermarkt
01.11.10 12:32 , Kategorien: Kommentare
von Frank Meyer
Oha! Es gab also doch Versuche, den Silbermarkt zu „beeinflussen“. Das stammt nicht etwa von einem mit viel Häme bedachten „Silberverschwörer“, sondern von Bart Chilton, einem Vertreter der für den US-Terminmarkt zuständigen Regulierungsbehörde. Zwei Händler haben J.P.Morgan und HSBC angezeigt. Was bedeutet das aber für den Silbermarkt in den nächsten Wochen?
http://frank-meyer.eu/blog/index.php?p=2282&more=1&c=1&tb=1&…
Hier ein kleiner Hinweis aus dem Text von Frank Meyer zu den Banken, hier ist es zumindest schon mal eine, die andere findet ihr im laufenden Text:
[b]Warum zum Teufel halten zwei oder drei Banken so hohe Shortbestände? In keinem anderen Markt findet man diese Extreme. Gemessen an der gehandelten Zahl von Terminmarktkontrakten beherrscht J.P.Morgen den Derivatemarkt bei Gold und Silber zu gut 90 Prozent.[/b]
Antwort auf Beitrag Nr.: 40.432.168 von boersentrader02 am 01.11.10 21:53:20Immerhin bohren sie weiter und haben jetzt weitere Ouncen Gold in Australien auf der Mine Stawell gefunden. Damit wird sich das leben dieser Mine bestimmt um einiges verlängern, m. M.
Hier ist die heutige News:
Northgate Minerals Discovers High Grade Mineralization in a Previously Untested Area at its Stawell Gold Mine
Hole SD649A Intersects 13.7 Grams per Tonne over 5.45 Metres and 15.4 Grams per Tonne over 2.5 Metres
VANCOUVER, Nov. 1 /CNW/ -
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.
Ken Stowe, President and Chief Executive Officer, remarked, "The three holes drilled so far in this part of the property have confirmed the presence of a gold bearing basalt dome, which is the key geologic feature at Stawell. If the follow-up drilling over the next nine months outlines a broad enough zone of mineralization, the area is sufficiently close to existing infrastructure that it could be drilled off and conceivably brought into production within the next two to three years. Exploration at Stawell in the coming months will be particularly exciting as we follow up on hole SD649A, as well as the recently announced Northgate Gift discovery."
2010 Diamond Drill Program
Magneto telluric ("MT") geophysical surveys were conducted in late 2009 over the southern part of the Stawell mining lease between the historic Wonga surface deposits and the current underground Magdala and Golden Gift orebodies. The MT surveys defined what appeared to be the margin of a basalt body at depth, representing a continuation of the Golden Gift dome to the south of the current mine area.
The 2010 diamond drilling program in the southern part of the Stawell Mine Lease was designed to confirm the presence of the Golden Gift basalt dome in this area and test for the presence of gold mineralization, which is associated with basalt domes in other areas of the property.
The first hole in the program, SD648, was collared 100 m north of the Wonga Pit and intersected 1.4 g/t gold over 2.9 m on the eastern flank of the Golden Gift basalt dome. While the intercept was not economically significant, the host sediments closely resembled those of the Albion Formation, which hosts the Magdala and Golden Gift orebodies. A daughter hole, SD648W1, was drilled with no significant result. Hole SD649A was then collared 270 m northwest of hole SD648 and intercepted a strongly mineralized zone at 1,157.8 m below surface, which has a down dip projection of 120 m to the Wildcat Porphyry (a post mineralization structure that offsets the Magdala and Golden Gift deposits). The hole contains multiple intercepts (see table 1), the most significant of which are 13.7 g/t over 5.45 m and 15.4 g/t over 2.5 m. The zone remains open up dip and mineralization remains untested up to 440 m north and 360 m to the south of the current intersections. The nearest underground workings are approximately 1.6 km to the north at a depth of approximately 870 m.
Overview of Stawell Gold Mine Magdala & Gift Area
The dominant geological feature at Stawell is the 1.2 km wide Magdala basalt volcanic dome surrounded by gold-bearing sedimentary formations. Historical and current mining occurs in four distinct settings: iron-rich sediments stratigraphically above the basalt (basalt flank); at the sediment-basalt contact; areas of sediment bounded by basalt (locally termed "waterloos"); and, in quartz lode shear structures paralleling the plunge and dip of the basalt dome. Later stage intrusion style gold also occurs and was historically mined at the Wonga underground and open pit operations. Figure 1 illustrates a longitudinal view of the current reserves and the location of Hole SD649A.
Figure 1 - Stawell Gold Mine Longitudinal Projection
Table 1: Assay Results from Hole SD649A
-------------------------------------------------------------------------
Gold Mineralisation
Hole ID From (m) To (m) Interval (m) Assay (g/t) Style
-------------------------------------------------------------------------
SD649A 1240.7 1243.5 2.8 2.5 Waterloo
-------------------------------------------------------------------------
SD649A 1278.45 1283.9 5.45 13.7 Waterloo
-------------------------------------------------------------------------
including 1281.7 1283.9 2.2 25.0
-------------------------------------------------------------------------
SD649A 1291.2 1293.7 2.5 15.4 Waterloo
-------------------------------------------------------------------------
SD649A 1304.7 1305.9 1.2 1.4 Basalt Flank
-------------------------------------------------------------------------
SD649A 1312.6 1315.5 2.9 1.3 Basalt Flank
-------------------------------------------------------------------------
SD649A 1328.1 1329.4 1.3 1.2 Intrusion
-------------------------------------------------------------------------
Future Exploration
As a consequence of the very encouraging results to date, a second drill will be added to the program almost immediately to more rapidly evaluate the extent of the mineralization in the area of hole SD649A. Current plans are to drill two daughter holes using the SD649A parent hole and to drill two additional parent holes, one north and one south of the discovery hole along strike, each with three to four daughters. These holes should be complete by the middle of 2011 at which point Northgate will evaluate whether mineralization in the area is sufficiently robust to support drifting across to the zone to complete resource definition drilling.
Quality Control - Analyses and Sample Location
The quality assurance/quality control and other analytical and testing procedures for sample analysis and drill hole survey methodology were those reported 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 October 22, 2008.
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, each of who are qualified persons as defined under NI 43-101 and is supervised by Steve Harper, Senior Exploration Geologist (Australian Institute of Mining and Metallurgy). Mark Haydon (Australian Institute of Geoscientists), Stawell Gold Mine's Geology Manager, has supervised the preparation of the information that forms the basis of this release, and is responsible for the overall management 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" 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:
Northgate 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).
For further information: Ms. Keren R. Yun, Director, Investor Relations, Tel: 416-216-2781, Email: ngx@northgateminerals.com, www.northgateminerals.com
Hier ist die heutige News:
Northgate Minerals Discovers High Grade Mineralization in a Previously Untested Area at its Stawell Gold Mine
Hole SD649A Intersects 13.7 Grams per Tonne over 5.45 Metres and 15.4 Grams per Tonne over 2.5 Metres
VANCOUVER, Nov. 1 /CNW/ -
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.
Ken Stowe, President and Chief Executive Officer, remarked, "The three holes drilled so far in this part of the property have confirmed the presence of a gold bearing basalt dome, which is the key geologic feature at Stawell. If the follow-up drilling over the next nine months outlines a broad enough zone of mineralization, the area is sufficiently close to existing infrastructure that it could be drilled off and conceivably brought into production within the next two to three years. Exploration at Stawell in the coming months will be particularly exciting as we follow up on hole SD649A, as well as the recently announced Northgate Gift discovery."
2010 Diamond Drill Program
Magneto telluric ("MT") geophysical surveys were conducted in late 2009 over the southern part of the Stawell mining lease between the historic Wonga surface deposits and the current underground Magdala and Golden Gift orebodies. The MT surveys defined what appeared to be the margin of a basalt body at depth, representing a continuation of the Golden Gift dome to the south of the current mine area.
The 2010 diamond drilling program in the southern part of the Stawell Mine Lease was designed to confirm the presence of the Golden Gift basalt dome in this area and test for the presence of gold mineralization, which is associated with basalt domes in other areas of the property.
The first hole in the program, SD648, was collared 100 m north of the Wonga Pit and intersected 1.4 g/t gold over 2.9 m on the eastern flank of the Golden Gift basalt dome. While the intercept was not economically significant, the host sediments closely resembled those of the Albion Formation, which hosts the Magdala and Golden Gift orebodies. A daughter hole, SD648W1, was drilled with no significant result. Hole SD649A was then collared 270 m northwest of hole SD648 and intercepted a strongly mineralized zone at 1,157.8 m below surface, which has a down dip projection of 120 m to the Wildcat Porphyry (a post mineralization structure that offsets the Magdala and Golden Gift deposits). The hole contains multiple intercepts (see table 1), the most significant of which are 13.7 g/t over 5.45 m and 15.4 g/t over 2.5 m. The zone remains open up dip and mineralization remains untested up to 440 m north and 360 m to the south of the current intersections. The nearest underground workings are approximately 1.6 km to the north at a depth of approximately 870 m.
Overview of Stawell Gold Mine Magdala & Gift Area
The dominant geological feature at Stawell is the 1.2 km wide Magdala basalt volcanic dome surrounded by gold-bearing sedimentary formations. Historical and current mining occurs in four distinct settings: iron-rich sediments stratigraphically above the basalt (basalt flank); at the sediment-basalt contact; areas of sediment bounded by basalt (locally termed "waterloos"); and, in quartz lode shear structures paralleling the plunge and dip of the basalt dome. Later stage intrusion style gold also occurs and was historically mined at the Wonga underground and open pit operations. Figure 1 illustrates a longitudinal view of the current reserves and the location of Hole SD649A.
Figure 1 - Stawell Gold Mine Longitudinal Projection
Table 1: Assay Results from Hole SD649A
-------------------------------------------------------------------------
Gold Mineralisation
Hole ID From (m) To (m) Interval (m) Assay (g/t) Style
-------------------------------------------------------------------------
SD649A 1240.7 1243.5 2.8 2.5 Waterloo
-------------------------------------------------------------------------
SD649A 1278.45 1283.9 5.45 13.7 Waterloo
-------------------------------------------------------------------------
including 1281.7 1283.9 2.2 25.0
-------------------------------------------------------------------------
SD649A 1291.2 1293.7 2.5 15.4 Waterloo
-------------------------------------------------------------------------
SD649A 1304.7 1305.9 1.2 1.4 Basalt Flank
-------------------------------------------------------------------------
SD649A 1312.6 1315.5 2.9 1.3 Basalt Flank
-------------------------------------------------------------------------
SD649A 1328.1 1329.4 1.3 1.2 Intrusion
-------------------------------------------------------------------------
Future Exploration
As a consequence of the very encouraging results to date, a second drill will be added to the program almost immediately to more rapidly evaluate the extent of the mineralization in the area of hole SD649A. Current plans are to drill two daughter holes using the SD649A parent hole and to drill two additional parent holes, one north and one south of the discovery hole along strike, each with three to four daughters. These holes should be complete by the middle of 2011 at which point Northgate will evaluate whether mineralization in the area is sufficiently robust to support drifting across to the zone to complete resource definition drilling.
Quality Control - Analyses and Sample Location
The quality assurance/quality control and other analytical and testing procedures for sample analysis and drill hole survey methodology were those reported 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 October 22, 2008.
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, each of who are qualified persons as defined under NI 43-101 and is supervised by Steve Harper, Senior Exploration Geologist (Australian Institute of Mining and Metallurgy). Mark Haydon (Australian Institute of Geoscientists), Stawell Gold Mine's Geology Manager, has supervised the preparation of the information that forms the basis of this release, and is responsible for the overall management 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" 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:
Northgate 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).
For further information: Ms. Keren R. Yun, Director, Investor Relations, Tel: 416-216-2781, Email: ngx@northgateminerals.com, www.northgateminerals.com
Antwort auf Beitrag Nr.: 40.435.583 von boersentrader02 am 02.11.10 12:34:18Northgate Minerals - zunächst stark, doch dann wieder…
… wieder schwach! Mit Blick zur vergangenen Analyse vom 9. September setzte zwar der grundsätzlich erwartete Kursanstieg des kanadischen Minenunternehmens Northgate Minerals Corp. ein, dennoch blieb das Erreichen der Kursniveaus im Bereich um 4 Dollar aus. Mit einem Hoch bei 3,54 Dollar verabschiedete sich die Aktie sogar von diesem Impuls und steht überdies derzeit gar noch tiefer als damals. Aus charttechnischer Ableitung scheint das Ende der Abwärtsbewegung noch nicht gefunden - weitere Details dazu im anschließenden Fazit.
Fazit:
Das aktuelle Setup der Northgate Aktie überzeugt wahrlich nicht mit bullischen Zügen, denn seit Mitte September orientiert sich die Aktie vornehmlich gen Süden. Da in diesem Zusammenhang auch der bisher aufwärts/seitwärts laufende gleitende 200-Tage-Durchschnitt (SMA - aktuell bei 2,97 Dollar) deutlicher unterschritten wurde, deutet alles auf eine Fortsetzung der Korrekturbewegung bis hin.
Es sei denn die Aktie stabilisiert sich erneut - wie zuletzt im Mai - im Bereich des derzeit erreichten Niveaus oberhalb von 2,66 Dollar und startet mit einem Anstieg über 3,10 Dollar durch. Weitere Aufschläge bis 3,54 und darüber hinaus rund 4 Dollar würden sodann möglich werden. Hingegen ein Tageschlusskurs unterhalb der Marke von 2,66 Dollar zwangsläufig weitere Abgaben bis zunächst 2,50 und dem folgend 2,10 Dollar zur Folge hätte.
Long Szenario:
Erneut stabilisiert sich die Northgate Aktie über dem Bereich um 2,70 Dollar und startet mitsamt Überwindung der kurzfristigen Abwärtstrendlinie bei aktuell 3,05 Dollar einen weiteren Angriff auf die Marke von 3,54 Dollar und darüber hinaus rund 4 Dollar. Oberhalb der 4 Dollar-Marke rücken die Allzeithochs vom März 2006 bei 4,80 Dollra auf die Agenda. Aufgrund dieser lange nicht erreichten Kursniveaus gestaltet sich das Setup der Aktie durchweg bullisch.
Short Szenario:
Das eingetrübte Chartbild verschlechtert sich mit einem Tageschlusskurs unterhalb von 2,66 Dollar abermals und deutet auf weitere fallende Kurse bis in den Bereich von 2,10 bis 2,45 Dollar hin. Die Bären gewinnen dementsprechend doch wieder die Oberhand und demzufolge ist gar eine Korrekturausdehnung bis etwas 1,27 Dollar nicht auszuschließen.
© Christian Kämmerer
Technischer Analyst und Redaktionsmitglied
http://www.minenportal.de/artikel.php?sid=12094
… wieder schwach! Mit Blick zur vergangenen Analyse vom 9. September setzte zwar der grundsätzlich erwartete Kursanstieg des kanadischen Minenunternehmens Northgate Minerals Corp. ein, dennoch blieb das Erreichen der Kursniveaus im Bereich um 4 Dollar aus. Mit einem Hoch bei 3,54 Dollar verabschiedete sich die Aktie sogar von diesem Impuls und steht überdies derzeit gar noch tiefer als damals. Aus charttechnischer Ableitung scheint das Ende der Abwärtsbewegung noch nicht gefunden - weitere Details dazu im anschließenden Fazit.
Fazit:
Das aktuelle Setup der Northgate Aktie überzeugt wahrlich nicht mit bullischen Zügen, denn seit Mitte September orientiert sich die Aktie vornehmlich gen Süden. Da in diesem Zusammenhang auch der bisher aufwärts/seitwärts laufende gleitende 200-Tage-Durchschnitt (SMA - aktuell bei 2,97 Dollar) deutlicher unterschritten wurde, deutet alles auf eine Fortsetzung der Korrekturbewegung bis hin.
Es sei denn die Aktie stabilisiert sich erneut - wie zuletzt im Mai - im Bereich des derzeit erreichten Niveaus oberhalb von 2,66 Dollar und startet mit einem Anstieg über 3,10 Dollar durch. Weitere Aufschläge bis 3,54 und darüber hinaus rund 4 Dollar würden sodann möglich werden. Hingegen ein Tageschlusskurs unterhalb der Marke von 2,66 Dollar zwangsläufig weitere Abgaben bis zunächst 2,50 und dem folgend 2,10 Dollar zur Folge hätte.
Long Szenario:
Erneut stabilisiert sich die Northgate Aktie über dem Bereich um 2,70 Dollar und startet mitsamt Überwindung der kurzfristigen Abwärtstrendlinie bei aktuell 3,05 Dollar einen weiteren Angriff auf die Marke von 3,54 Dollar und darüber hinaus rund 4 Dollar. Oberhalb der 4 Dollar-Marke rücken die Allzeithochs vom März 2006 bei 4,80 Dollra auf die Agenda. Aufgrund dieser lange nicht erreichten Kursniveaus gestaltet sich das Setup der Aktie durchweg bullisch.
Short Szenario:
Das eingetrübte Chartbild verschlechtert sich mit einem Tageschlusskurs unterhalb von 2,66 Dollar abermals und deutet auf weitere fallende Kurse bis in den Bereich von 2,10 bis 2,45 Dollar hin. Die Bären gewinnen dementsprechend doch wieder die Oberhand und demzufolge ist gar eine Korrekturausdehnung bis etwas 1,27 Dollar nicht auszuschließen.
© Christian Kämmerer
Technischer Analyst und Redaktionsmitglied
http://www.minenportal.de/artikel.php?sid=12094
Mittwoch, den 10.11.2010, kommen die Zahlen für das 3. Quart. 2010.
Dann wird es sich zeigen wo die Fahrt hingehen wird, nach Norden oder nach Süden ?
Ich schätze es wird spannend ?
Dann wird es sich zeigen wo die Fahrt hingehen wird, nach Norden oder nach Süden ?
Ich schätze es wird spannend ?
Antwort auf Beitrag Nr.: 40.475.775 von boersentrader02 am 08.11.10 17:09:44Was ist das denn ? über 7 % soeben, der kurs steht wieder auf auf 2,20 euro.
Wissen heute schon einige User mehr als ich und deshalb springt die Aktie heute schon an ?
Dann müssen ja morgen gute Zahlen kommen, oder ?
Wissen heute schon einige User mehr als ich und deshalb springt die Aktie heute schon an ?
Dann müssen ja morgen gute Zahlen kommen, oder ?
Antwort auf Beitrag Nr.: 40.475.775 von boersentrader02 am 08.11.10 17:09:44Die Zahlen sind da, der Kurs steigt zumindest in D. Ist doch schon was, oder ?
Wenn die Börse in USA und Can offen machen, wird es sich herausstellen, wohin die Reise geht.
Bis auf der Mine Young Davidson Gold gefördert wird dauert es ja noch ein bißchen, leider.
Um 16:00 h kann man Ken Stove am Radio zuhören.
Northgate Minerals Reports Third Quarter Results
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: +647-427-7450 or 1-888-231-8191
VANCOUVER, Nov. 10 /CNW/ -
(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:
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").
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:
Stawell: drilling within Golden Gift 6 Lower ("GG6L") intersected high-grade mineralization: hole MD-5281 returned several excellent intervals: 4.9 g/t over 16.4 m, including 7.1 g/t over 7.6 m and 15.9 g/t over 5.1 m in the basalt contact zone and 24.0 g/t over 10.6 m in the waterloo.
Fosterville: drilling within the lower Phoenix resource block continues to show promising results in the Phoenix Footwall and Phoenix Extension, indicating the potential to add new reserves and extend the zone another 150 m south along strike and down plunge.
"Third quarter production was highlighted by strong results from Kemess South, which exceeded our production guidance. Also, our Stawell operation showed improvement during the quarter and we look forward to returning to historical levels in the fourth quarter and beyond" commented Ken Stowe, President and CEO. "Complementing Stawell's improving operational performance was an exciting discovery of high grade gold mineralization in a previously untested area that is readily accessible from existing mine workings.
Combined with the recently announced Northgate Gift discovery and the excellent assays within GG6L, we expect these results to have a positive impact on the future of the operation. Exploration efforts at Fosterville have also started to pay dividends with promising results within the lower Phoenix resource block, where we have intersected high-grade areas of mineralization. Other exploration highlights during the quarter included returning one of the best intercepts in the resource database at Kemess. The initial eleven holes that were released have exceeded previous resource block estimates in the block cave zone by an average of 22% for gold and 20% for copper.
"With the successful completion of a $170 million convertible note offering, we are now fully funded to build the Young-Davidson mine, which will be entering the commissioning phase in a little over a year from now. We are pleased to have completed the financing of Young-Davidson through one of the least dilutive means possible. For the balance of 2010 and beyond, we look forward to ramping up construction activities at Young-Davidson and following up on exploration results from near-mine exploration programs at all of our operations."
Financial Performance
Northgate recorded consolidated revenue of $88.3 million in the third quarter of 2010, compared with revenue of $120.2 million recorded in the same period last year. For the nine months ended September 30, 2010, Northgate recorded revenue of $336.3 million, lower than the $374.3 million recorded in the corresponding period of 2009.
Adjusted net earnings for the third quarter of 2010 were $1.7 million or $0.01 per share, compared with adjusted net earnings of $7.7 million or $0.03 per share in the third quarter of 2009. The net loss for the third quarter of 2010 was $8.9 million, which included an unrealized loss of $14.8 million relating to the change in fair value of Northgate's copper forward sales contracts. These contracts are priced at Cdn$3.31 per pound and were put in place in order to secure a significant portion of cash inflow over Kemess South's remaining mine-life.
Northgate continued to generate positive cash flow from operations of $13.5 million or $0.05 per share in the most recent quarter and continues to maintain a strong balance sheet, with cash and cash equivalents totalling $168.2 million as of September 30, 2010.
On September 29, 2010, Northgate announced the launch of a $135 million public offering of convertible notes and, due to strong investor demand, increased the size of the offering to $150 million. Following the exercise by the underwriters of the $20 million over-allotment option, which was announced in October, Northgate received net proceeds of $163.5 million. Northgate is now fully funded to build the Young-Davidson mine, which is scheduled for production in 2012, and fully expects the mine to generate more than sufficient cash flow to repay the convertible notes when they mature in 2016.
Results from Operations
Fosterville Gold Mine
Fosterville achieved production of 22,436 ounces of gold in the third quarter of 2010, which was slightly lower than forecast. A re-design of ore reserves of several mining levels in the Phoenix and Ellesmere zones resulted in decreased mining rates during the quarter, which resulted in lower production. For the third quarter of 2010, mine generated cash flow from operations of $8.9 million.
During the quarter, a total of 166,912 tonnes of ore were mined and mine development advanced 2,144 m, compared with 201,130 tonnes mined and 2,362 m advanced, respectively, in the corresponding period of 2009.
Also during the quarter, 206,185 tonnes of ore were milled at a grade of 4.08 g/t, compared with the 201,866 tonnes milled at a grade of 4.51 g/t in the corresponding quarter of 2009.
The average net cash cost of production for the third quarter of 2010 was $774 per ounce, which was higher than forecast of $721 per ounce and the cash cost of $612 recorded in the same period last year. The net cash cost was adversely effected by the dramatic increase in the Australian dollar relative to the US dollar, which averaged 9% higher in the most recent quarter compared to the corresponding period last year.
Stawell Gold Mine
The Stawell operation showed improvement during the third quarter; the mine produced 16,530 ounces, which was an 11% improvement over the 14,832 ounces produced in the previous quarter. Production was hindered somewhat by ventilation restrictions and several stopes not blasting to design. However, both issues have since been rectified and as development in the new GG6 mining zone has begun, with significantly higher average reserve grade of 6.3 g/t, the mine is on track to returning to historical levels in the fourth quarter and beyond.
During the third quarter of 2010, a total of 191,087 tonnes of ore were mined and mine development advanced 1,488 m. The average net cash cost of production for the third quarter was $939 per ounce, which was 12% lower than the $1,069 per ounce recorded in the previous quarter. Cash costs in the most recent quarter were affected by the dramatic increase in the Australian dollar relative to the US dollar.
Kemess South
During the third quarter, Kemess South posted gold production of 26,033 ounces, which was higher than forecast. Copper production of 10.9 million pounds was slightly lower than forecast due to lower than planned mill throughput. The net cash cost of production for the third quarter of 2010 was over $100 lower than forecast at $347 per ounce, primarily as a result of strong copper prices. For the fourth quarter of 2010, the net cash cost is expected to drop dramatically to less than $0 per ounce, again as a result of strong copper prices.
During the quarter, approximately 9.4 million tonnes of ore and waste were removed from the eastern end of the open pit, representing an increase from the 8.3 million tonnes removed during the corresponding quarter of 2009. Unit mining costs remain low at Cdn$1.21 per tonne moved, as ore and waste haul distances are shorter out of the eastern end of the open pit.
The mill continues to achieve excellent results. Mill throughput and mill availability during the third quarter of 2010 were 52,266 tonnes per day ("tpd") and 92%, respectively, which was higher than the 50,328 tpd and 90% achieved in the same period of 2009.
2010 Production Forecast
Northgate's production forecast for the balance of 2010 is outlined in the following table. Production in the fourth quarter of 2010 is forecasting 67,500 ounces at Northgate's three operating mines at an average net cash cost of $570 per ounce.
Actual (ounces) Forecast (ounces) Total (ounces) Forecast 2010 Cash Cost ($/oz)
1
------------------Q1-------Q2---------Q3------Q4
Fosterville----26,421----28,476----22,436---21,000----98,500----$750
Stawell--------22,238----14,832----16,530---21,000----74,500----$915
Kemess---------24,703----24,967----26,033---25,500---101,000----$335
---------------73,362----68,275----64,999---67,500---274,000----$640
1 Assuming copper price of $3.75/lb and exchange rates of US$/Cdn$0.98 and US$/A$0.98 for Q4 2010.
Young-Davidson Advancing on Schedule and on Budget
Since receiving notice in July from the Ontario Ministry of Northern Development, Mines and Forestry ("MNDMF") of acceptance of the Closure Plan for the Young-Davidson mine, Northgate mobilized the appropriate resources and immediately began surface construction activities on site. Several projects have advanced since Northgate broke ground on the property in August, including:
Construction of the new hoist house for the existing shaft, which is scheduled for completion by the end of the year.
Site clearing with heavy mobile equipment; much of the site has been cleared for the process plant area.
Construction of the main plant site and tailings impoundment areas commenced in August and will continue through next year.
Construction for the realignment of Highway 566.
Awarded the contract for construction of the process plant building with construction scheduled to start in November.
Procurement of new ventilation equipment to service the increased underground mine development activities.
Development activities underground also ramped up during the quarter to an average development rate of 11.6 m per day. The ramp was extended 319 m to a total length of 3,605 m and an additional 840 m of lateral development was achieved. Completion of additional ventilation infrastructure to support underground development activities was also completed during the quarter.
Development activities over the next six months will 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 process plant building.
Preparing the materials required for the construction of the tailings dam.
Installing major process equipment.
Awarding the electrical/mechanical installation contract.
Starting the open pit pre-production development.
In September, the 30% engineering control budget for Young-Davidson was completed. With 60% of the contracts awarded (approximately $145 million), 35% of the equipment purchase orders placed (by value) and 35% of the engineering complete, the new budget has confirmed the project capital cost estimates. As such, to date Northgate has not needed to rely on the allowance for contingencies, which it has established for project budgeting purposes.
Young-Davidson is scheduled for commissioning activities in the fourth quarter of 2011 and is targeting start-up of production in late Q1 2012. The mine is expected to generate an average of 180,000 ounces of gold annually over an initial 15-year mine life.
Exploration Overview
Young-Davidson
Exploration at Young-Davidson in the third quarter was part of a 20,000 m drill program to explore for other deposits outside of the known reserves and resources currently being developed. Two drills operated during the quarter with targets focusing on the area up dip from hole 198 (see press release dated July 6, 2010) located west of the Young-Davidson orebody, which intersected 3.46 g/t gold over 79.5 m (estimated true thickness is 53.5 m).
To date, eight holes have been completed in the area and two more are in progress. The initial follow-up holes have been unsuccessful as two near-surface holes were east of the fault and did not intersect the zone. In addition, two of the deeper holes did not reach the target zone and two visually promising holes, which intersected syenite mineralization, returned only low grade gold intervals (holes 226A and 232). Results are still pending for a further two holes, which are currently targeting in closer proximity to hole 198 and two diamond drills continue to work in this area.
The geology in this area is proving to be more complicated than the main Young-Davidson deposit and additional holes will be required to resolve the geometry of the mineralization in this area. Two drills will continue to drill additional holes in the YD West area as it still represents an excellent opportunity to substantially add to the 2.8 million ounces of reserves that already exist on the property.
Figure 1: Young-Davidson Longitudinal Section
Resource modeling of the near surface mineralization immediately east of the proposed open pit has now been completed and has outlined an indicated resource of 572,000 tonnes at 1.86 g/t gold containing approximately 34,000 ounces of gold. This resource is now being evaluated from a pit optimization perspective to assess the potential for conversion of the new resource into reserves in Northgate's 2010 year-end reserve statement.
Kemess Underground
The Kemess Underground diamond drill program was initiated in order to more tightly define the 70+ million tonne higher grade core of the Kemess North deposit within which previous drilling had defined in excess of 1.4 million ounces of gold and 500 million pounds of copper. This program will also determine the geotechnical characteristics of the higher grade core and assess the potential for large scale underground bulk mining that could be milled at the existing Kemess facilities.
During the third quarter, two drills completed a total of 11,200 m in 20 holes and the entire Kemess Underground diamond drill program (26 holes totalling 16,150 m) is now complete. A press release dated September 15, 2010 reported on the assay results of the first 11 holes, the highlights of which included a number of holes that contained gold and copper bearing intervals that were among the highest in grade thickness ever drilled at Kemess.
A comparison to the 2005 block model also indicated that the gold and copper intervals for these 11 holes are 20% and 22% higher for gold and copper respectively. This difference was attributed to the fact that the 2005 resource model was based on interpolation from wider spaced drilling that was unconstrained with respect to important grade domains existing within the resource. The net effect was to over-estimate low grade regions and to under-estimate high grade regions.
The assays for the remaining 15 holes will be reported when they have been compiled and processed, which is anticipated by early December. We will then incorporate the results into a new underground resource estimate to be completed in early 2011.
Fosterville Gold Mine
The focus of this year's exploration program at Fosterville has been on reserve and resource expansion. Drilling within the Phoenix Footwall and Phoenix Extension down dip from the existing reserves has been testing for the large scale continuity of the Phoenix Deposit, which has been the most productive orebody identified on the property to date.
Three holes have been drilled totalling 1,590 m using underground drill platforms and while still in early stages of the program, drill results have been excellent: hole UDE038 in the Footwall intersected 5.4 g/t gold over 24.9 m, including 11.5 g/t gold over 5.6 m and 10.1 g/t gold over 4.3 m and hole UDE-037 in the Phoenix Extension intersected 14.1 g/t gold over 4.7 m (see exploration press release dated November 10, 2010 for complete drill results and update on exploration activities within the lower Phoenix resource block).
Figure 2: Longitudinal Section of the Fosterville Gold Mine
Other exploration drilling continued during the quarter with four drill rigs completing approximately 15,115 m. Within the mining lease, the focus was on resource to reserve conversion on three target areas: Harrier Underground North and the Vulture and Kite resource areas that are accessible from the Harrier Decline. Exploration targets on lease included the Phoenix Deeps (section 6050N) and an East-West traverse across the O'Donnell's Reef structure. On the regional tenements, four holes were drilled in the Goornong South area to the north of the Mining Lease.
Sufficient drilling was completed on the Harrier Underground North, the Vulture and the Kite areas that resource estimation has been initiated and it is anticipated that these areas will be included in the year end statement of resources and reserves.
Drilling on section 6050N exploring for an extension of the main Phoenix deposit is ongoing with one parent hole and two daughter holes completed during the quarter. The parent and the first daughter hole have intersected low grade mineralization over a broad zone at the targeted structural setting. Drilling of additional daughter holes is ongoing.
The East-West traverse across O'Donnell's Reef, targeted the source of the initial discovery in the Fosterville district on which several historic shafts were sunk, as well as testing a coincident geophysical anomaly (IP chargeability) and a geophysically inferred structure similar in nature to the main Fosterville Fault. Results to date include two to three metre thick intersections of one to three g/t gold indicating that the mineralizing system was active in this area, albeit sub-grade ore.
Goornong South is an area of historic drilling with intersections of interest such as 8.0 m of 7.1 g/t gold and 2.0 m of 29.4 g/t (near to true thickness). Regional geophysical surveys carried out in 2010 suggested that these intersections were along a structure similar in nature to the Fosterville Fault and O'Donnell's Reef, so broad spaced drilling was initiated with four holes drilled during the quarter. Results to date have included intersections of 4.5 g/t over 5.1 m and 5.2 g/t over 2.9 m.
Stawell Gold Mine
During the quarter, the exploration program at Stawell discovered gold in two previously untested areas, the first being the previously-announced Northgate Gift and the second being an area 1.6 km south of existing mine workings.
The Northgate Gift is the fault offset extension, below and northeast of the Golden Gift and Magdala orebodies, which have produced over two million ounces of gold on the property in the past 26 years. Discovery hole MD5696A reached its target and intersected gold-bearing intervals of 4.53 g/t over 1.8 m and 3.83 g/t over 3.6 m (see press release dated August 31, 2010). The discovery of a basalt dome and associated gold mineralization in the Northgate Gift confirms the validity of Northgate's geologic model of Stawell, which was used to target hole MD5696A. Follow-up drilling is planned to better define the size and geometry of the basalt dome and the associated gold-bearing sulphide mineralization.
Northgate also discovered a second area of gold mineralization, 1.6 km south of existing mine workings, when hole SD649A intersected 13.7 g/t over 5.45 m, including 25.0 g/t over 2.2 m, and 15.4 g/t over 2.5 m. This discovery is a geophysically inferred basalt dome similar in nature to the basalt domes found within the Stawell Golden Gift orebody. Follow-up drilling is planned over the next three quarters in an effort to outline a broad zone of mineralization that would be readily accessible from existing mine workings.
Also during the quarter, drilling took place within GG6L where there is potential to add to high-grade reserves. Currently, production is taking place in the GG6 zone, where the average reserve grade is 6.3 g/t gold. Highlights from the GG6L drill program are included below. For complete drill results and update on exploration activities within GG6L, please see exploration press release dated November 10, 2010.
Basalt Contact:
Hole MD-5338 returned 13.2 g/t over 4 m.
Hole MD-5281 contained several excellent intervals: 4.9 g/t over 16.4 m, including 7.1 g/t over 7.6 m and 15.9 g/t over 5.1 m.
Hole MD-5790 also contained several excellent intervals: 5.7 g/t over 5.2 m, including 13.0 g/t over 1.5 m; a second interval returned 5.8 g/t over 9.7 m, including 8.0 g/t over 3.0 m and 13.2 g/t over 1.5 m.
Waterloo:
Hole MD-5281 returned 24.0 g/t over 10.6 m.
Hole MD-5481 returned 21.0 g/t gold over 3.1 m.
Other exploration during the quarter included off lease targets within the district, which are undergoing preliminary evaluation with geophysical and geochemical surveys in preparation for drill testing later in the year or early 2011.
Summarized Consolidated Results
(Thousands of US dollars, except where noted)
Q3 2010 Q3 2009 YTD 2010 YTD 2009
Financial Data
Revenue $ 88,331 $ 120,163 $ 336,346 $ 374,278
Net earnings
(loss) (8,881) (8,563) 316 18,249
Per share
(diluted) (0.03) (0.03) 0.00 0.07
Adjusted net
earnings 1-- 1,732 7,660 1,953 45,030
Per share (diluted) 0.01 0.03 0.01 0.18
Cash flow from
operations 13,477 50,452 40,704 145,651
Cash and cash
equivalents 168,174 235,929 168,174 235,929
Total assets $ 748,033 $ 787,940 $ 748,033 $ 787,940
Operating Data
Gold production (ounces)
Fosterville 22,436 25,550 77,333 76,745
Stawell 16,530 20,319 53,600 62,777
Kemess 26,033 34,922 75,703 142,123
Total gold
production 64,999 80,791 206,636 281,645
Gold sales (ounces)
Fosterville 23,021 27,114 78,117 78,352
Stawell 15,991 20,172 53,346 64,415
Kemess 19,071 38,111 67,691 149,886
Total gold sales 58,083 85,397 199,154 292,653
Realized gold price
($/ounce)2 1,234 982 1,207 944
Net cash cost
($/ounce)3
Fosterville 774 612 703 526
Stawell 939 694 915 573
Kemess 347 395 447 373
Average net cash
cost ($/ounce) 645 539 664 459
Copper production (
thousands pounds) 10,869 11,934 30,041 40,746
Copper sales
(thousands pounds) 7,434 12,816 26,576 40,795
Realized copper
price ($/pound)2 3.96 3.39 3.30 2.70
Adjusted net earnings is a non-GAAP measure. See section entitled "Non-GAAP Measures" in the Corporation's interim quarter MD&A Report.
Metal pricing quotational period for Kemess is 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.
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.
Interim Consolidated Balance Sheets
Thousands of US dollars September 30 2010 December 31 2009 (Unaudited)
Assets
Current Assets
Cash and cash equivalents $ 168,174 $ 253,544
Trade and other receivables 44,314 27,961
Income taxes receivable 5,724 —
Inventories (note 3) 51,220 44,599
Prepaid expenses 1,488 2,566
Future income tax asset 5,969 5,541 276,889 334,211
Other assets 38,157 27,544
Deferred transaction costs (note 4) 898 —
Future income tax asset 6,418 14,507
Mineral property, plant and equipment 388,536 327,416
Investments (note 5) 37,135 38,001 $ 748,033 $ 741,679
Liabilities and Shareholders' Equity Current Liabilities
Accounts payable and accrued liabilities $ 82,551 $ 59,132
Income taxes payable — 29,395
Short-term loan (note 6) 40,467 41,515
Capital lease obligations 8,294 5,995
Provision for site closure and reclamation obligations 17,239 23,501
Future income tax liability 881 867 149,432 160,405
Capital lease obligations 10,487 4,656
Other long-term liabilities 2,588 8,995
Provision for site closure and reclamation obligations 18,600 23,989
Future income tax liability 425 — 181,532 198,045
Shareholders' Equity
Common shares 403,867 402,879
Contributed surplus 8,311 6,202
Accumulated other comprehensive income (loss) 15,749 (3,705)
Retained earnings 138,574 138,258 566,501 543,634 $ 748,033 $ 741,679
Commitments (note 12)
Subsequent event (note 13)
The accompanying notes form an integral part of these unaudited interim consolidated financial statements.
Interim Consolidated Statements of Operations and Comprehensive Income
Thousands of US dollars, Three Months Ended Sept 30 Nine Months Ended Sep 30
except share and per share amounts,
unaudited 2010 2009 2010 2009
Revenue $ 88,331 $ 120,163 $ 336,346 $ 374,278
Cost of sales (note 3) 65,836 81,959 227,172 228,011
Depreciation and
depletion 26,474 27,804 78,452 77,393
Administrative and general 2,566 2,424 9,056 7,062
Net interest income (698) (112) (1,61 (1,022)
Exploration 7,284 3,132 17,930 11,872
Currency translation
loss (gain) (4,560) 1,262 (1,819) 4,638
Accretion of site closure and reclamation obligations 414 802 1,244 2,301
Write-down of investments (note 5) 5 10,440 374 10,948
Other income (note 10) (174) (125) (1,495) (953)
97,147 127,58 329,300 340,250
Earnings (loss) before income taxes
(8,816) (7,423) 7,046 34,028
Income tax recovery (expense)
Current (461) (5,333) 2,371 (30,453)
Future 396 4,193 (9,101) 14,674
(65) (1,140) (6,730) (15,779)
Net earnings (loss)
for the period (8,881) (8,563) 316 18,249
Other comprehensive income (loss)
Unrealized gain (loss) on available for sale investments 87 (3,622) (849) (3,308)
Unrealized gain on translation of self-sustaining operations 36,282 29,527 19,697 70,582
Reclassification of other than temporary loss on available for sale investments to net earnings 5 10,440 374 10,948
Reclassification of realized loss (gain) on available for sale investments to net earnings (26) — 232 —
36,348 36,345 19,454 78,222
Comprehensive
income $ 27,467 $ 27,782 $ 19,770 $ 96,471
Net earnings
per share
Basic $ (0.03) $ (0.03) $ 0.00 $ 0.07
Diluted $ (0.03) $ (0.03) $ 0.00 $ 0.07
Weighted average shares outstanding
Basic 290,957,352 256,014,978 290,846,108 255,876,448
Diluted 290,957,352 256,014,978 292,160,978 256,390,058
The accompanying notes form an integral part of these interim consolidated financial statements.
Interim Consolidated Statements of Cash Flows
Three Months Ended Sep 30 Nine Months Ended Sep 30
Thousands of US dollars, unaudited 2010 2009 2010 2009
Operating activities:
Net earnings (loss)
for the period $ (8,881) $ (8,563) $ 316 $ 18,249
Non-cash items:
Depreciation and depletion 26,474 27,804 78,452 77,393
Unrealized currency
translation loss 89 3,828 414 3,819
Accretion of site closure and reclamation obligations 414 802 1,244 2,301
Loss (gain) on disposal of assets
(29) 93 (1,334) 276
Amortization of deferred charges — 89 — 196
Stock-based compensation
489 352 2,439 1,106
Accrual of employee severance costs 520 197 1,393 1,527
Future income tax expense (recovery)
(396) 4,193) 9,101 (14,674)
Change in fair value of forward contracts
14,837 8,262 1,766 22,619
Write-down of investments
5 10,440 374 10,948
Loss (gain) on sale of investments (
26) — 232 —
Changes in operating working capital and other (note 11) (20,019) 11,341 (53,693) 21,891
13,477 50,452 40,704 145,651
Investing activities:
Increase in restricted cash
(11) (302) (9,890) (438)
Purchase of plant and equipment
(10,389) (7,945) (32,549) (26,833)
Mineral property development
(37,014) (15,047) (78,791) (32,667)
Transaction costs paid
(738) — (898) —
Proceeds from sale of equipment
— 21 513 331
Proceeds from insurable asset disposition
— — 1,619 —
Proceeds from sale of investments
37 — 119 —
(48,115) (23,273) (119,877) (59,607)
Financing activities:
Repayment of capital lease obligations
(2,070) (1,145) (5,436) (3,804)
Repayment of short-term loan
(320) (329) (1,048) (1,269)
Repayment of other long-term liabilities (217) (4) (646) (328)
Issuance of common shares
249 88,525 658 88,801
(2,358) 87,047 (6,472) 83,400
Effect of exchange rate changes on cash and cash equivalents 997 944 275 4,066
Increase (decrease) in cash and cash equivalents
(35,999) 115,170 (85,370) 173,510
Cash and cash equivalents, beginning of period
204,173 120,759 253,544 62,419
Cash and cash equivalents, end of period
$ 168,174 $ 235,929 $ 168,174 $ 235,929
Supplementary cash flow information (note 11)
The accompanying notes form an integral part of these interim consolidated financial statements.
* * * * * * *
This press release should be read in conjunction with the Corporation's third quarter MD&A report and accompanying unaudited interim consolidated financial statements, which can be found on Northgate's website at www.northgateminerals.com, in the "Investor Info" section, under "Financial Reports".
* * * * * * *
Q3 2010 Third Quarter Results Conference Call and Webcast
Northgate will be hosting a live conference call and webcast discussing our third quarter financial results on November 10, 2010 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. Information pertaining to the conference replay, available from Nov. 10 to Nov. 17, can also be found on our website.
* * * * * * *
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.
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.
Übrigens hier ist der Zahlen-Überblick viel besser sortiert, allerdings steht alles noch einmal drin.
http://www.northgateminerals.com/Theme/Northgate/files/pdf/R…
Wenn die Börse in USA und Can offen machen, wird es sich herausstellen, wohin die Reise geht.
Bis auf der Mine Young Davidson Gold gefördert wird dauert es ja noch ein bißchen, leider.
Um 16:00 h kann man Ken Stove am Radio zuhören.
Northgate Minerals Reports Third Quarter Results
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: +647-427-7450 or 1-888-231-8191
VANCOUVER, Nov. 10 /CNW/ -
(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:
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").
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:
Stawell: drilling within Golden Gift 6 Lower ("GG6L") intersected high-grade mineralization: hole MD-5281 returned several excellent intervals: 4.9 g/t over 16.4 m, including 7.1 g/t over 7.6 m and 15.9 g/t over 5.1 m in the basalt contact zone and 24.0 g/t over 10.6 m in the waterloo.
Fosterville: drilling within the lower Phoenix resource block continues to show promising results in the Phoenix Footwall and Phoenix Extension, indicating the potential to add new reserves and extend the zone another 150 m south along strike and down plunge.
"Third quarter production was highlighted by strong results from Kemess South, which exceeded our production guidance. Also, our Stawell operation showed improvement during the quarter and we look forward to returning to historical levels in the fourth quarter and beyond" commented Ken Stowe, President and CEO. "Complementing Stawell's improving operational performance was an exciting discovery of high grade gold mineralization in a previously untested area that is readily accessible from existing mine workings.
Combined with the recently announced Northgate Gift discovery and the excellent assays within GG6L, we expect these results to have a positive impact on the future of the operation. Exploration efforts at Fosterville have also started to pay dividends with promising results within the lower Phoenix resource block, where we have intersected high-grade areas of mineralization. Other exploration highlights during the quarter included returning one of the best intercepts in the resource database at Kemess. The initial eleven holes that were released have exceeded previous resource block estimates in the block cave zone by an average of 22% for gold and 20% for copper.
"With the successful completion of a $170 million convertible note offering, we are now fully funded to build the Young-Davidson mine, which will be entering the commissioning phase in a little over a year from now. We are pleased to have completed the financing of Young-Davidson through one of the least dilutive means possible. For the balance of 2010 and beyond, we look forward to ramping up construction activities at Young-Davidson and following up on exploration results from near-mine exploration programs at all of our operations."
Financial Performance
Northgate recorded consolidated revenue of $88.3 million in the third quarter of 2010, compared with revenue of $120.2 million recorded in the same period last year. For the nine months ended September 30, 2010, Northgate recorded revenue of $336.3 million, lower than the $374.3 million recorded in the corresponding period of 2009.
Adjusted net earnings for the third quarter of 2010 were $1.7 million or $0.01 per share, compared with adjusted net earnings of $7.7 million or $0.03 per share in the third quarter of 2009. The net loss for the third quarter of 2010 was $8.9 million, which included an unrealized loss of $14.8 million relating to the change in fair value of Northgate's copper forward sales contracts. These contracts are priced at Cdn$3.31 per pound and were put in place in order to secure a significant portion of cash inflow over Kemess South's remaining mine-life.
Northgate continued to generate positive cash flow from operations of $13.5 million or $0.05 per share in the most recent quarter and continues to maintain a strong balance sheet, with cash and cash equivalents totalling $168.2 million as of September 30, 2010.
On September 29, 2010, Northgate announced the launch of a $135 million public offering of convertible notes and, due to strong investor demand, increased the size of the offering to $150 million. Following the exercise by the underwriters of the $20 million over-allotment option, which was announced in October, Northgate received net proceeds of $163.5 million. Northgate is now fully funded to build the Young-Davidson mine, which is scheduled for production in 2012, and fully expects the mine to generate more than sufficient cash flow to repay the convertible notes when they mature in 2016.
Results from Operations
Fosterville Gold Mine
Fosterville achieved production of 22,436 ounces of gold in the third quarter of 2010, which was slightly lower than forecast. A re-design of ore reserves of several mining levels in the Phoenix and Ellesmere zones resulted in decreased mining rates during the quarter, which resulted in lower production. For the third quarter of 2010, mine generated cash flow from operations of $8.9 million.
During the quarter, a total of 166,912 tonnes of ore were mined and mine development advanced 2,144 m, compared with 201,130 tonnes mined and 2,362 m advanced, respectively, in the corresponding period of 2009.
Also during the quarter, 206,185 tonnes of ore were milled at a grade of 4.08 g/t, compared with the 201,866 tonnes milled at a grade of 4.51 g/t in the corresponding quarter of 2009.
The average net cash cost of production for the third quarter of 2010 was $774 per ounce, which was higher than forecast of $721 per ounce and the cash cost of $612 recorded in the same period last year. The net cash cost was adversely effected by the dramatic increase in the Australian dollar relative to the US dollar, which averaged 9% higher in the most recent quarter compared to the corresponding period last year.
Stawell Gold Mine
The Stawell operation showed improvement during the third quarter; the mine produced 16,530 ounces, which was an 11% improvement over the 14,832 ounces produced in the previous quarter. Production was hindered somewhat by ventilation restrictions and several stopes not blasting to design. However, both issues have since been rectified and as development in the new GG6 mining zone has begun, with significantly higher average reserve grade of 6.3 g/t, the mine is on track to returning to historical levels in the fourth quarter and beyond.
During the third quarter of 2010, a total of 191,087 tonnes of ore were mined and mine development advanced 1,488 m. The average net cash cost of production for the third quarter was $939 per ounce, which was 12% lower than the $1,069 per ounce recorded in the previous quarter. Cash costs in the most recent quarter were affected by the dramatic increase in the Australian dollar relative to the US dollar.
Kemess South
During the third quarter, Kemess South posted gold production of 26,033 ounces, which was higher than forecast. Copper production of 10.9 million pounds was slightly lower than forecast due to lower than planned mill throughput. The net cash cost of production for the third quarter of 2010 was over $100 lower than forecast at $347 per ounce, primarily as a result of strong copper prices. For the fourth quarter of 2010, the net cash cost is expected to drop dramatically to less than $0 per ounce, again as a result of strong copper prices.
During the quarter, approximately 9.4 million tonnes of ore and waste were removed from the eastern end of the open pit, representing an increase from the 8.3 million tonnes removed during the corresponding quarter of 2009. Unit mining costs remain low at Cdn$1.21 per tonne moved, as ore and waste haul distances are shorter out of the eastern end of the open pit.
The mill continues to achieve excellent results. Mill throughput and mill availability during the third quarter of 2010 were 52,266 tonnes per day ("tpd") and 92%, respectively, which was higher than the 50,328 tpd and 90% achieved in the same period of 2009.
2010 Production Forecast
Northgate's production forecast for the balance of 2010 is outlined in the following table. Production in the fourth quarter of 2010 is forecasting 67,500 ounces at Northgate's three operating mines at an average net cash cost of $570 per ounce.
Actual (ounces) Forecast (ounces) Total (ounces) Forecast 2010 Cash Cost ($/oz)
1
------------------Q1-------Q2---------Q3------Q4
Fosterville----26,421----28,476----22,436---21,000----98,500----$750
Stawell--------22,238----14,832----16,530---21,000----74,500----$915
Kemess---------24,703----24,967----26,033---25,500---101,000----$335
---------------73,362----68,275----64,999---67,500---274,000----$640
1 Assuming copper price of $3.75/lb and exchange rates of US$/Cdn$0.98 and US$/A$0.98 for Q4 2010.
Young-Davidson Advancing on Schedule and on Budget
Since receiving notice in July from the Ontario Ministry of Northern Development, Mines and Forestry ("MNDMF") of acceptance of the Closure Plan for the Young-Davidson mine, Northgate mobilized the appropriate resources and immediately began surface construction activities on site. Several projects have advanced since Northgate broke ground on the property in August, including:
Construction of the new hoist house for the existing shaft, which is scheduled for completion by the end of the year.
Site clearing with heavy mobile equipment; much of the site has been cleared for the process plant area.
Construction of the main plant site and tailings impoundment areas commenced in August and will continue through next year.
Construction for the realignment of Highway 566.
Awarded the contract for construction of the process plant building with construction scheduled to start in November.
Procurement of new ventilation equipment to service the increased underground mine development activities.
Development activities underground also ramped up during the quarter to an average development rate of 11.6 m per day. The ramp was extended 319 m to a total length of 3,605 m and an additional 840 m of lateral development was achieved. Completion of additional ventilation infrastructure to support underground development activities was also completed during the quarter.
Development activities over the next six months will 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 process plant building.
Preparing the materials required for the construction of the tailings dam.
Installing major process equipment.
Awarding the electrical/mechanical installation contract.
Starting the open pit pre-production development.
In September, the 30% engineering control budget for Young-Davidson was completed. With 60% of the contracts awarded (approximately $145 million), 35% of the equipment purchase orders placed (by value) and 35% of the engineering complete, the new budget has confirmed the project capital cost estimates. As such, to date Northgate has not needed to rely on the allowance for contingencies, which it has established for project budgeting purposes.
Young-Davidson is scheduled for commissioning activities in the fourth quarter of 2011 and is targeting start-up of production in late Q1 2012. The mine is expected to generate an average of 180,000 ounces of gold annually over an initial 15-year mine life.
Exploration Overview
Young-Davidson
Exploration at Young-Davidson in the third quarter was part of a 20,000 m drill program to explore for other deposits outside of the known reserves and resources currently being developed. Two drills operated during the quarter with targets focusing on the area up dip from hole 198 (see press release dated July 6, 2010) located west of the Young-Davidson orebody, which intersected 3.46 g/t gold over 79.5 m (estimated true thickness is 53.5 m).
To date, eight holes have been completed in the area and two more are in progress. The initial follow-up holes have been unsuccessful as two near-surface holes were east of the fault and did not intersect the zone. In addition, two of the deeper holes did not reach the target zone and two visually promising holes, which intersected syenite mineralization, returned only low grade gold intervals (holes 226A and 232). Results are still pending for a further two holes, which are currently targeting in closer proximity to hole 198 and two diamond drills continue to work in this area.
The geology in this area is proving to be more complicated than the main Young-Davidson deposit and additional holes will be required to resolve the geometry of the mineralization in this area. Two drills will continue to drill additional holes in the YD West area as it still represents an excellent opportunity to substantially add to the 2.8 million ounces of reserves that already exist on the property.
Figure 1: Young-Davidson Longitudinal Section
Resource modeling of the near surface mineralization immediately east of the proposed open pit has now been completed and has outlined an indicated resource of 572,000 tonnes at 1.86 g/t gold containing approximately 34,000 ounces of gold. This resource is now being evaluated from a pit optimization perspective to assess the potential for conversion of the new resource into reserves in Northgate's 2010 year-end reserve statement.
Kemess Underground
The Kemess Underground diamond drill program was initiated in order to more tightly define the 70+ million tonne higher grade core of the Kemess North deposit within which previous drilling had defined in excess of 1.4 million ounces of gold and 500 million pounds of copper. This program will also determine the geotechnical characteristics of the higher grade core and assess the potential for large scale underground bulk mining that could be milled at the existing Kemess facilities.
During the third quarter, two drills completed a total of 11,200 m in 20 holes and the entire Kemess Underground diamond drill program (26 holes totalling 16,150 m) is now complete. A press release dated September 15, 2010 reported on the assay results of the first 11 holes, the highlights of which included a number of holes that contained gold and copper bearing intervals that were among the highest in grade thickness ever drilled at Kemess.
A comparison to the 2005 block model also indicated that the gold and copper intervals for these 11 holes are 20% and 22% higher for gold and copper respectively. This difference was attributed to the fact that the 2005 resource model was based on interpolation from wider spaced drilling that was unconstrained with respect to important grade domains existing within the resource. The net effect was to over-estimate low grade regions and to under-estimate high grade regions.
The assays for the remaining 15 holes will be reported when they have been compiled and processed, which is anticipated by early December. We will then incorporate the results into a new underground resource estimate to be completed in early 2011.
Fosterville Gold Mine
The focus of this year's exploration program at Fosterville has been on reserve and resource expansion. Drilling within the Phoenix Footwall and Phoenix Extension down dip from the existing reserves has been testing for the large scale continuity of the Phoenix Deposit, which has been the most productive orebody identified on the property to date.
Three holes have been drilled totalling 1,590 m using underground drill platforms and while still in early stages of the program, drill results have been excellent: hole UDE038 in the Footwall intersected 5.4 g/t gold over 24.9 m, including 11.5 g/t gold over 5.6 m and 10.1 g/t gold over 4.3 m and hole UDE-037 in the Phoenix Extension intersected 14.1 g/t gold over 4.7 m (see exploration press release dated November 10, 2010 for complete drill results and update on exploration activities within the lower Phoenix resource block).
Figure 2: Longitudinal Section of the Fosterville Gold Mine
Other exploration drilling continued during the quarter with four drill rigs completing approximately 15,115 m. Within the mining lease, the focus was on resource to reserve conversion on three target areas: Harrier Underground North and the Vulture and Kite resource areas that are accessible from the Harrier Decline. Exploration targets on lease included the Phoenix Deeps (section 6050N) and an East-West traverse across the O'Donnell's Reef structure. On the regional tenements, four holes were drilled in the Goornong South area to the north of the Mining Lease.
Sufficient drilling was completed on the Harrier Underground North, the Vulture and the Kite areas that resource estimation has been initiated and it is anticipated that these areas will be included in the year end statement of resources and reserves.
Drilling on section 6050N exploring for an extension of the main Phoenix deposit is ongoing with one parent hole and two daughter holes completed during the quarter. The parent and the first daughter hole have intersected low grade mineralization over a broad zone at the targeted structural setting. Drilling of additional daughter holes is ongoing.
The East-West traverse across O'Donnell's Reef, targeted the source of the initial discovery in the Fosterville district on which several historic shafts were sunk, as well as testing a coincident geophysical anomaly (IP chargeability) and a geophysically inferred structure similar in nature to the main Fosterville Fault. Results to date include two to three metre thick intersections of one to three g/t gold indicating that the mineralizing system was active in this area, albeit sub-grade ore.
Goornong South is an area of historic drilling with intersections of interest such as 8.0 m of 7.1 g/t gold and 2.0 m of 29.4 g/t (near to true thickness). Regional geophysical surveys carried out in 2010 suggested that these intersections were along a structure similar in nature to the Fosterville Fault and O'Donnell's Reef, so broad spaced drilling was initiated with four holes drilled during the quarter. Results to date have included intersections of 4.5 g/t over 5.1 m and 5.2 g/t over 2.9 m.
Stawell Gold Mine
During the quarter, the exploration program at Stawell discovered gold in two previously untested areas, the first being the previously-announced Northgate Gift and the second being an area 1.6 km south of existing mine workings.
The Northgate Gift is the fault offset extension, below and northeast of the Golden Gift and Magdala orebodies, which have produced over two million ounces of gold on the property in the past 26 years. Discovery hole MD5696A reached its target and intersected gold-bearing intervals of 4.53 g/t over 1.8 m and 3.83 g/t over 3.6 m (see press release dated August 31, 2010). The discovery of a basalt dome and associated gold mineralization in the Northgate Gift confirms the validity of Northgate's geologic model of Stawell, which was used to target hole MD5696A. Follow-up drilling is planned to better define the size and geometry of the basalt dome and the associated gold-bearing sulphide mineralization.
Northgate also discovered a second area of gold mineralization, 1.6 km south of existing mine workings, when hole SD649A intersected 13.7 g/t over 5.45 m, including 25.0 g/t over 2.2 m, and 15.4 g/t over 2.5 m. This discovery is a geophysically inferred basalt dome similar in nature to the basalt domes found within the Stawell Golden Gift orebody. Follow-up drilling is planned over the next three quarters in an effort to outline a broad zone of mineralization that would be readily accessible from existing mine workings.
Also during the quarter, drilling took place within GG6L where there is potential to add to high-grade reserves. Currently, production is taking place in the GG6 zone, where the average reserve grade is 6.3 g/t gold. Highlights from the GG6L drill program are included below. For complete drill results and update on exploration activities within GG6L, please see exploration press release dated November 10, 2010.
Basalt Contact:
Hole MD-5338 returned 13.2 g/t over 4 m.
Hole MD-5281 contained several excellent intervals: 4.9 g/t over 16.4 m, including 7.1 g/t over 7.6 m and 15.9 g/t over 5.1 m.
Hole MD-5790 also contained several excellent intervals: 5.7 g/t over 5.2 m, including 13.0 g/t over 1.5 m; a second interval returned 5.8 g/t over 9.7 m, including 8.0 g/t over 3.0 m and 13.2 g/t over 1.5 m.
Waterloo:
Hole MD-5281 returned 24.0 g/t over 10.6 m.
Hole MD-5481 returned 21.0 g/t gold over 3.1 m.
Other exploration during the quarter included off lease targets within the district, which are undergoing preliminary evaluation with geophysical and geochemical surveys in preparation for drill testing later in the year or early 2011.
Summarized Consolidated Results
(Thousands of US dollars, except where noted)
Q3 2010 Q3 2009 YTD 2010 YTD 2009
Financial Data
Revenue $ 88,331 $ 120,163 $ 336,346 $ 374,278
Net earnings
(loss) (8,881) (8,563) 316 18,249
Per share
(diluted) (0.03) (0.03) 0.00 0.07
Adjusted net
earnings 1-- 1,732 7,660 1,953 45,030
Per share (diluted) 0.01 0.03 0.01 0.18
Cash flow from
operations 13,477 50,452 40,704 145,651
Cash and cash
equivalents 168,174 235,929 168,174 235,929
Total assets $ 748,033 $ 787,940 $ 748,033 $ 787,940
Operating Data
Gold production (ounces)
Fosterville 22,436 25,550 77,333 76,745
Stawell 16,530 20,319 53,600 62,777
Kemess 26,033 34,922 75,703 142,123
Total gold
production 64,999 80,791 206,636 281,645
Gold sales (ounces)
Fosterville 23,021 27,114 78,117 78,352
Stawell 15,991 20,172 53,346 64,415
Kemess 19,071 38,111 67,691 149,886
Total gold sales 58,083 85,397 199,154 292,653
Realized gold price
($/ounce)2 1,234 982 1,207 944
Net cash cost
($/ounce)3
Fosterville 774 612 703 526
Stawell 939 694 915 573
Kemess 347 395 447 373
Average net cash
cost ($/ounce) 645 539 664 459
Copper production (
thousands pounds) 10,869 11,934 30,041 40,746
Copper sales
(thousands pounds) 7,434 12,816 26,576 40,795
Realized copper
price ($/pound)2 3.96 3.39 3.30 2.70
Adjusted net earnings is a non-GAAP measure. See section entitled "Non-GAAP Measures" in the Corporation's interim quarter MD&A Report.
Metal pricing quotational period for Kemess is 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.
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.
Interim Consolidated Balance Sheets
Thousands of US dollars September 30 2010 December 31 2009 (Unaudited)
Assets
Current Assets
Cash and cash equivalents $ 168,174 $ 253,544
Trade and other receivables 44,314 27,961
Income taxes receivable 5,724 —
Inventories (note 3) 51,220 44,599
Prepaid expenses 1,488 2,566
Future income tax asset 5,969 5,541 276,889 334,211
Other assets 38,157 27,544
Deferred transaction costs (note 4) 898 —
Future income tax asset 6,418 14,507
Mineral property, plant and equipment 388,536 327,416
Investments (note 5) 37,135 38,001 $ 748,033 $ 741,679
Liabilities and Shareholders' Equity Current Liabilities
Accounts payable and accrued liabilities $ 82,551 $ 59,132
Income taxes payable — 29,395
Short-term loan (note 6) 40,467 41,515
Capital lease obligations 8,294 5,995
Provision for site closure and reclamation obligations 17,239 23,501
Future income tax liability 881 867 149,432 160,405
Capital lease obligations 10,487 4,656
Other long-term liabilities 2,588 8,995
Provision for site closure and reclamation obligations 18,600 23,989
Future income tax liability 425 — 181,532 198,045
Shareholders' Equity
Common shares 403,867 402,879
Contributed surplus 8,311 6,202
Accumulated other comprehensive income (loss) 15,749 (3,705)
Retained earnings 138,574 138,258 566,501 543,634 $ 748,033 $ 741,679
Commitments (note 12)
Subsequent event (note 13)
The accompanying notes form an integral part of these unaudited interim consolidated financial statements.
Interim Consolidated Statements of Operations and Comprehensive Income
Thousands of US dollars, Three Months Ended Sept 30 Nine Months Ended Sep 30
except share and per share amounts,
unaudited 2010 2009 2010 2009
Revenue $ 88,331 $ 120,163 $ 336,346 $ 374,278
Cost of sales (note 3) 65,836 81,959 227,172 228,011
Depreciation and
depletion 26,474 27,804 78,452 77,393
Administrative and general 2,566 2,424 9,056 7,062
Net interest income (698) (112) (1,61 (1,022)
Exploration 7,284 3,132 17,930 11,872
Currency translation
loss (gain) (4,560) 1,262 (1,819) 4,638
Accretion of site closure and reclamation obligations 414 802 1,244 2,301
Write-down of investments (note 5) 5 10,440 374 10,948
Other income (note 10) (174) (125) (1,495) (953)
97,147 127,58 329,300 340,250
Earnings (loss) before income taxes
(8,816) (7,423) 7,046 34,028
Income tax recovery (expense)
Current (461) (5,333) 2,371 (30,453)
Future 396 4,193 (9,101) 14,674
(65) (1,140) (6,730) (15,779)
Net earnings (loss)
for the period (8,881) (8,563) 316 18,249
Other comprehensive income (loss)
Unrealized gain (loss) on available for sale investments 87 (3,622) (849) (3,308)
Unrealized gain on translation of self-sustaining operations 36,282 29,527 19,697 70,582
Reclassification of other than temporary loss on available for sale investments to net earnings 5 10,440 374 10,948
Reclassification of realized loss (gain) on available for sale investments to net earnings (26) — 232 —
36,348 36,345 19,454 78,222
Comprehensive
income $ 27,467 $ 27,782 $ 19,770 $ 96,471
Net earnings
per share
Basic $ (0.03) $ (0.03) $ 0.00 $ 0.07
Diluted $ (0.03) $ (0.03) $ 0.00 $ 0.07
Weighted average shares outstanding
Basic 290,957,352 256,014,978 290,846,108 255,876,448
Diluted 290,957,352 256,014,978 292,160,978 256,390,058
The accompanying notes form an integral part of these interim consolidated financial statements.
Interim Consolidated Statements of Cash Flows
Three Months Ended Sep 30 Nine Months Ended Sep 30
Thousands of US dollars, unaudited 2010 2009 2010 2009
Operating activities:
Net earnings (loss)
for the period $ (8,881) $ (8,563) $ 316 $ 18,249
Non-cash items:
Depreciation and depletion 26,474 27,804 78,452 77,393
Unrealized currency
translation loss 89 3,828 414 3,819
Accretion of site closure and reclamation obligations 414 802 1,244 2,301
Loss (gain) on disposal of assets
(29) 93 (1,334) 276
Amortization of deferred charges — 89 — 196
Stock-based compensation
489 352 2,439 1,106
Accrual of employee severance costs 520 197 1,393 1,527
Future income tax expense (recovery)
(396) 4,193) 9,101 (14,674)
Change in fair value of forward contracts
14,837 8,262 1,766 22,619
Write-down of investments
5 10,440 374 10,948
Loss (gain) on sale of investments (
26) — 232 —
Changes in operating working capital and other (note 11) (20,019) 11,341 (53,693) 21,891
13,477 50,452 40,704 145,651
Investing activities:
Increase in restricted cash
(11) (302) (9,890) (438)
Purchase of plant and equipment
(10,389) (7,945) (32,549) (26,833)
Mineral property development
(37,014) (15,047) (78,791) (32,667)
Transaction costs paid
(738) — (898) —
Proceeds from sale of equipment
— 21 513 331
Proceeds from insurable asset disposition
— — 1,619 —
Proceeds from sale of investments
37 — 119 —
(48,115) (23,273) (119,877) (59,607)
Financing activities:
Repayment of capital lease obligations
(2,070) (1,145) (5,436) (3,804)
Repayment of short-term loan
(320) (329) (1,048) (1,269)
Repayment of other long-term liabilities (217) (4) (646) (328)
Issuance of common shares
249 88,525 658 88,801
(2,358) 87,047 (6,472) 83,400
Effect of exchange rate changes on cash and cash equivalents 997 944 275 4,066
Increase (decrease) in cash and cash equivalents
(35,999) 115,170 (85,370) 173,510
Cash and cash equivalents, beginning of period
204,173 120,759 253,544 62,419
Cash and cash equivalents, end of period
$ 168,174 $ 235,929 $ 168,174 $ 235,929
Supplementary cash flow information (note 11)
The accompanying notes form an integral part of these interim consolidated financial statements.
* * * * * * *
This press release should be read in conjunction with the Corporation's third quarter MD&A report and accompanying unaudited interim consolidated financial statements, which can be found on Northgate's website at www.northgateminerals.com, in the "Investor Info" section, under "Financial Reports".
* * * * * * *
Q3 2010 Third Quarter Results Conference Call and Webcast
Northgate will be hosting a live conference call and webcast discussing our third quarter financial results on November 10, 2010 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. Information pertaining to the conference replay, available from Nov. 10 to Nov. 17, can also be found on our website.
* * * * * * *
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.
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.
Übrigens hier ist der Zahlen-Überblick viel besser sortiert, allerdings steht alles noch einmal drin.
http://www.northgateminerals.com/Theme/Northgate/files/pdf/R…
Antwort auf Beitrag Nr.: 40.481.875 von boersentrader02 am 09.11.10 11:49:13Hier nochmal in noch besserer Übersicht:
http://www.northgateminerals.com/NewsReleases/NewsReleaseDet…
http://www.northgateminerals.com/NewsReleases/NewsReleaseDet…
Antwort auf Beitrag Nr.: 40.493.404 von boersentrader02 am 10.11.10 15:58:36Und hier werden neue signifikante Bohrergebnisse von den Minen Stawell und Fosterville gemeldet:
Northgate Minerals Reports Significant Gold Intersections at its Fosterville and Stawell Gold Mines
Northgate Minerals Reports Significant Gold Intersections at its Fosterville and Stawell Gold Mines
VANCOUVER, November 10, 2010 – 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)
» Hole UDE037 intersected 14.1 g/t over 4.7 m and hole UDE038 intersected 5.8 g/t over 5.0 m.
» These holes follow on the assay results released previously: hole SPD527C (6950 mN) returned 6.5 g/t over 5.1 m and hole SPD526C (6900 mN) returned 12.2 g/t over 6.3 m.
» Results indicate the potential for increasing the Phoenix Extension zone another 150 m south along strike and down plunge.
Stawell: in addition to the two new gold discoveries in previously untested areas (see press releases dated August 31 and November 1, 2010), drilling from Golden Gift 6 Lower (“GG6L”) intersected high-grade mineralization, further enhancing the new GG6 reserve zone, with current average reserve grade of 6.3 g/t:
Basalt Contact:
» Hole MD-5338 returned 13.2 g/t over 4 m.
» Hole MD-5281 contained several excellent intervals: 4.9 g/t over 16.4 m, including 7.1 g/t over 7.6 m and 15.9 g/t over 5.1 m.
» Hole MD-5790 also contained several excellent intervals: 5.7 g/t over 5.2 m, including 13.0 g/t over 1.5 m; a second interval returned 5.8 g/t over 9.7 m, including 8.0 g/t over 3.0 m and 13.2 g/t over 1.5 m.
Waterloo:
» Hole MD-5281 returned 24.0 g/t over 10.6 m.
» Hole MD-5481 returned 21.0 g/t gold over 3.1 m.
Ken Stowe, President and Chief Executive Officer, remarked, “The excellent results received to date represent a significant step towards achieving our goal of reserve and resource expansion at our Australian mines. Drilling within the Phoenix Footwall and Extension down dip from the existing reserves is testing for the large scale continuity of the Phoenix Deposit, which has been the most productive orebody identified on the property to date, and while in its early stages, we are encouraged by the excellent results and the potential to add to reserves. We also continue to be very excited on the progress that is being made at Stawell in identifying new areas on our mining lease, including two new gold bearing basalt domes and a potentially significant waterloo zone, as we look to make further extensions to the mine life.”
Northgate Minerals | News Release 2
2010 Diamond Drill Programs
Fosterville – Phoenix Footwall and Phoenix Extension
To date, three holes have been drilled totalling 1,590 m using underground drill platforms.
We are encouraged by results within the Phoenix Footwall, which has appreciable widths and grades and has the potential to be an ore shoot paralleling the known Phoenix orebody. A drill program is in progress in the area between 7200 mN and 7500 mN to determine the grade and continuity of this potential zone.
Drill results from the Phoenix Extension indicate the potential for extending the Phoenix orebody another 150 m south along strike and down plunge. A drill program is also progressing on section 6850 mN to potentially extend mineralization up dip of existing drill intersections.
http://www.northgateminerals.com/NewsReleases/NewsReleaseDet…
Das wird wohl den Anstoß zu weiteren Kurserhöhungen werden.
Northgate Minerals Reports Significant Gold Intersections at its Fosterville and Stawell Gold Mines
Northgate Minerals Reports Significant Gold Intersections at its Fosterville and Stawell Gold Mines
VANCOUVER, November 10, 2010 – 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)
» Hole UDE037 intersected 14.1 g/t over 4.7 m and hole UDE038 intersected 5.8 g/t over 5.0 m.
» These holes follow on the assay results released previously: hole SPD527C (6950 mN) returned 6.5 g/t over 5.1 m and hole SPD526C (6900 mN) returned 12.2 g/t over 6.3 m.
» Results indicate the potential for increasing the Phoenix Extension zone another 150 m south along strike and down plunge.
Stawell: in addition to the two new gold discoveries in previously untested areas (see press releases dated August 31 and November 1, 2010), drilling from Golden Gift 6 Lower (“GG6L”) intersected high-grade mineralization, further enhancing the new GG6 reserve zone, with current average reserve grade of 6.3 g/t:
Basalt Contact:
» Hole MD-5338 returned 13.2 g/t over 4 m.
» Hole MD-5281 contained several excellent intervals: 4.9 g/t over 16.4 m, including 7.1 g/t over 7.6 m and 15.9 g/t over 5.1 m.
» Hole MD-5790 also contained several excellent intervals: 5.7 g/t over 5.2 m, including 13.0 g/t over 1.5 m; a second interval returned 5.8 g/t over 9.7 m, including 8.0 g/t over 3.0 m and 13.2 g/t over 1.5 m.
Waterloo:
» Hole MD-5281 returned 24.0 g/t over 10.6 m.
» Hole MD-5481 returned 21.0 g/t gold over 3.1 m.
Ken Stowe, President and Chief Executive Officer, remarked, “The excellent results received to date represent a significant step towards achieving our goal of reserve and resource expansion at our Australian mines. Drilling within the Phoenix Footwall and Extension down dip from the existing reserves is testing for the large scale continuity of the Phoenix Deposit, which has been the most productive orebody identified on the property to date, and while in its early stages, we are encouraged by the excellent results and the potential to add to reserves. We also continue to be very excited on the progress that is being made at Stawell in identifying new areas on our mining lease, including two new gold bearing basalt domes and a potentially significant waterloo zone, as we look to make further extensions to the mine life.”
Northgate Minerals | News Release 2
2010 Diamond Drill Programs
Fosterville – Phoenix Footwall and Phoenix Extension
To date, three holes have been drilled totalling 1,590 m using underground drill platforms.
We are encouraged by results within the Phoenix Footwall, which has appreciable widths and grades and has the potential to be an ore shoot paralleling the known Phoenix orebody. A drill program is in progress in the area between 7200 mN and 7500 mN to determine the grade and continuity of this potential zone.
Drill results from the Phoenix Extension indicate the potential for extending the Phoenix orebody another 150 m south along strike and down plunge. A drill program is also progressing on section 6850 mN to potentially extend mineralization up dip of existing drill intersections.
http://www.northgateminerals.com/NewsReleases/NewsReleaseDet…
Das wird wohl den Anstoß zu weiteren Kurserhöhungen werden.
Antwort auf Beitrag Nr.: 40.493.747 von boersentrader02 am 10.11.10 16:29:14Hier findet ihr die am 10.11.010 abgehaltene Business Conference in welchem sich jeder Aktionär zum Livepunkkt einschalten kann.
Ich hoffe es ist von Interesse für euch.
Northgate Minerals Corporation (NXG) 3Q 2010 Earnings Call November 10, 2010 10:00 am ET
Operator
Good morning, at this time I would like to welcome everyone to the Northgate Minerals Corporation third quarter results conference call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks there will be a question-and-answer session. (Operator Instructions) I would now like to turn the call over to Mr. Ken Stowe, President and CEO of Northgate Minerals Corporation. You may begin your conference.
Ken Stowe
Thanks operator and good morning everyone. As Northgate’s CEO it is my pleasure to welcome you to our third quarter 2010 conference call and webcast. Before we get started I want to call your attention to several points. First of all this morning’s third quarter news release can be found in the news release section of our website at www.northgateminerals.com.
Secondly, for those of you who are using the traditional conference call lines, slides for today’s presentation are also available on our website under the calendar of events tab. Lastly for those of you using the conference call lines who would like to try the webcast instead, you can gain access to it by clicking the conference call and webcast header on Northgate’s homepage and following the instructions.
Jon Douglas, our Chief Financial Officer will begin today’s formal presentation by providing an overview of our quarterly operational and financial results and afterwards I will provide more details on our operations and discuss our exploration and growth initiatives.
As always, at the end of our formal presentation we will welcome any questions you may have. Before we begin please note that in responding to questions and talking about our financial and operating performance, and our exploration and development projects, we may make forward-looking statements. These statements are subject to known and unknown risks and future results may differ materially. For further information on known risk factors I encourage you to review our 2009 AIF and our annual report. And now here is Jon Douglas, Chief Financial Officer.
Jon Douglas
Thank you, Ken. Good morning everyone. I would like to begin my remarks today by briefly summarizing our third quarter highlights, which can be found on page four of today’s presentation. Our three mines in Canada and Australia produced a total of 64,999 ounces of gold and 10.9 million pounds of copper during the quarter, at an average next cash cost of $645.00 per ounce. Financially, this translated into cash flow from operations after changes in working capital of $13.5 million and adjusted net earnings of $1.7 million. Critically important to the future of Northgate, we completed $170 million six-year convertible debt financing for net proceeds of $163.5 million last quarter which provides us with the remaining funds we require to complete the construction of the Young-Davidson mine in Matachewan, Ontario.
http://seekingalpha.com/article/236102-northgate-minerals-co…
Ich hoffe es ist von Interesse für euch.
Northgate Minerals Corporation (NXG) 3Q 2010 Earnings Call November 10, 2010 10:00 am ET
Operator
Good morning, at this time I would like to welcome everyone to the Northgate Minerals Corporation third quarter results conference call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks there will be a question-and-answer session. (Operator Instructions) I would now like to turn the call over to Mr. Ken Stowe, President and CEO of Northgate Minerals Corporation. You may begin your conference.
Ken Stowe
Thanks operator and good morning everyone. As Northgate’s CEO it is my pleasure to welcome you to our third quarter 2010 conference call and webcast. Before we get started I want to call your attention to several points. First of all this morning’s third quarter news release can be found in the news release section of our website at www.northgateminerals.com.
Secondly, for those of you who are using the traditional conference call lines, slides for today’s presentation are also available on our website under the calendar of events tab. Lastly for those of you using the conference call lines who would like to try the webcast instead, you can gain access to it by clicking the conference call and webcast header on Northgate’s homepage and following the instructions.
Jon Douglas, our Chief Financial Officer will begin today’s formal presentation by providing an overview of our quarterly operational and financial results and afterwards I will provide more details on our operations and discuss our exploration and growth initiatives.
As always, at the end of our formal presentation we will welcome any questions you may have. Before we begin please note that in responding to questions and talking about our financial and operating performance, and our exploration and development projects, we may make forward-looking statements. These statements are subject to known and unknown risks and future results may differ materially. For further information on known risk factors I encourage you to review our 2009 AIF and our annual report. And now here is Jon Douglas, Chief Financial Officer.
Jon Douglas
Thank you, Ken. Good morning everyone. I would like to begin my remarks today by briefly summarizing our third quarter highlights, which can be found on page four of today’s presentation. Our three mines in Canada and Australia produced a total of 64,999 ounces of gold and 10.9 million pounds of copper during the quarter, at an average next cash cost of $645.00 per ounce. Financially, this translated into cash flow from operations after changes in working capital of $13.5 million and adjusted net earnings of $1.7 million. Critically important to the future of Northgate, we completed $170 million six-year convertible debt financing for net proceeds of $163.5 million last quarter which provides us with the remaining funds we require to complete the construction of the Young-Davidson mine in Matachewan, Ontario.
http://seekingalpha.com/article/236102-northgate-minerals-co…
Antwort auf Beitrag Nr.: 40.516.894 von boersentrader02 am 13.11.10 15:05:27Klar für die nächsten 4-6 Quartale wird es noch schwer für NXG. Das dauert also noch bis Mitte 2012, aber dann wird es losgehen, dann kommt die Förderung der der Gold-Oucen von den Minen Young Davidson und vielleicht, so will ich es hoffen, auch noch die Kemess-North-Mine mit guten Bohr-Ergebnissen dazu.
Dann wird für NXG aber wieder die Post abgehen. Immerhin fördern dann 3 Minen Gold und Silber und NXG wird wieder ca. 400k Gold-Ouncen zu guten Förderkosten fördern.
Northgate Minerals Corp. Market Perform mit Kursziel 3,50 CAD
Cormark nimmt die Bewertung von Northgate Minerals Corporation wieder auf.
Das Unternehmen meldete für das dritte Quartal einen adjustierten Gewinn pro Aktie von 0,01 USD. Die Analysten hatten 0,02 USD je Aktie erwartet. Der operative Cashflow pro Aktie belief sich auf 0,12 USD. Die Analysten waren hier von 0,11 USD je Aktie ausgegangen.
Die Produktion blieb mit 64.999 oz zu 645 USD/oz hinter der Planung des Unternehmens von 68.500 oz und den Schätzungen der Analysten von 67.600 oz zu 637 USD/oz zurück.
Northgate ist inzwischen voll finanziert, um den Bau des Young-Davidson-Projekts abzuschließen.
Cormark behält die Bewertung mit "Market Perform" und das Kursziel von 3,50 CAD bei.
http://www.minenportal.de/artikel.php?sid=12266
Dann wird für NXG aber wieder die Post abgehen. Immerhin fördern dann 3 Minen Gold und Silber und NXG wird wieder ca. 400k Gold-Ouncen zu guten Förderkosten fördern.
Northgate Minerals Corp. Market Perform mit Kursziel 3,50 CAD
Cormark nimmt die Bewertung von Northgate Minerals Corporation wieder auf.
Das Unternehmen meldete für das dritte Quartal einen adjustierten Gewinn pro Aktie von 0,01 USD. Die Analysten hatten 0,02 USD je Aktie erwartet. Der operative Cashflow pro Aktie belief sich auf 0,12 USD. Die Analysten waren hier von 0,11 USD je Aktie ausgegangen.
Die Produktion blieb mit 64.999 oz zu 645 USD/oz hinter der Planung des Unternehmens von 68.500 oz und den Schätzungen der Analysten von 67.600 oz zu 637 USD/oz zurück.
Northgate ist inzwischen voll finanziert, um den Bau des Young-Davidson-Projekts abzuschließen.
Cormark behält die Bewertung mit "Market Perform" und das Kursziel von 3,50 CAD bei.
http://www.minenportal.de/artikel.php?sid=12266
Antwort auf Beitrag Nr.: 40.516.918 von boersentrader02 am 13.11.10 15:18:19Man sieht auch andere machen sich so uhre Gedanken wo NXG in 1 - 2 Jahren stehen wird, nicht ich nur ?
Is Northgate Minerals' Stock Expensive by the Numbers?
By Anand Chokkavelu, CFA | More Articles
November 12, 2010 | Comments (0)
Numbers can lie -- but they’re the best first step in determining whether a stock is a buy. In this series, we use some carefully chosen metrics to size up a stock’s true value based on the following clues:
•The current price multiples
•The consistency of past earnings and cash flow
•How much growth we can expect
Let’s see what those numbers can tell us about how cheap Northgate Minerals (AMEX: NXG) might be.
The current price multiples
First, we'll look at most investors' favorite metric: the P/E ratio. It divides the company's share price by its earnings per share (EPS) -- the lower, the better.
Then, we'll take things up a notch with a more advanced metric: enterprise value to unlevered free cash flow. This divides the company's enterprise value (basically, its market cap plus its debt, minus its cash) by its unlevered free cash flow (its free cash flow, adding back the interest payments on its debt). Like the P/E, the lower this number is, the better.
Analysts argue about which is more important -- earnings or cash flow. Who cares? A good buy ideally has low multiples on both.
Northgate Minerals has a negative P/E ratio and an EV/FCF ratio of 60.4 over the trailing 12 months. If we stretch and compare current valuations to the five-year averages for earnings and free cash flow, Northgate Minerals has a P/E ratio of 24.2 and a five-year EV/FCF ratio of 9.2.
A one-year ratio under 10 for both metrics is ideal. For a five-year metric, under 20 is ideal.
Northgate Minerals has a mixed performance in hitting the ideal targets, but let’s see how it compares against some competitors and industry mates.
http://www.fool.com/investing/general/2010/11/12/is-northgat…
Is Northgate Minerals' Stock Expensive by the Numbers?
By Anand Chokkavelu, CFA | More Articles
November 12, 2010 | Comments (0)
Numbers can lie -- but they’re the best first step in determining whether a stock is a buy. In this series, we use some carefully chosen metrics to size up a stock’s true value based on the following clues:
•The current price multiples
•The consistency of past earnings and cash flow
•How much growth we can expect
Let’s see what those numbers can tell us about how cheap Northgate Minerals (AMEX: NXG) might be.
The current price multiples
First, we'll look at most investors' favorite metric: the P/E ratio. It divides the company's share price by its earnings per share (EPS) -- the lower, the better.
Then, we'll take things up a notch with a more advanced metric: enterprise value to unlevered free cash flow. This divides the company's enterprise value (basically, its market cap plus its debt, minus its cash) by its unlevered free cash flow (its free cash flow, adding back the interest payments on its debt). Like the P/E, the lower this number is, the better.
Analysts argue about which is more important -- earnings or cash flow. Who cares? A good buy ideally has low multiples on both.
Northgate Minerals has a negative P/E ratio and an EV/FCF ratio of 60.4 over the trailing 12 months. If we stretch and compare current valuations to the five-year averages for earnings and free cash flow, Northgate Minerals has a P/E ratio of 24.2 and a five-year EV/FCF ratio of 9.2.
A one-year ratio under 10 for both metrics is ideal. For a five-year metric, under 20 is ideal.
Northgate Minerals has a mixed performance in hitting the ideal targets, but let’s see how it compares against some competitors and industry mates.
http://www.fool.com/investing/general/2010/11/12/is-northgat…
Antwort auf Beitrag Nr.: 40.516.894 von boersentrader02 am 13.11.10 15:05:27Hier passt die neue Presentation, Stand: 10.11.2010, zu.
Lest euch den kompletten Text durch und holt euch die entsprechenden Folien dazu. Ihr werdet sehen nach der Durststrecke von 1 Jahr wird es wieder nach oben gehen.
10.2010 11.10.2010 Q3 2010 Conference Call - Management Presentation
View this Presentation (PDF 3.26 MB) Listen to this Presentation ()
Watch this Presentation ()
View this Presentation ()
http://www.northgateminerals.com/Theme/Northgate/files/pdf/p…
Lest euch den kompletten Text durch und holt euch die entsprechenden Folien dazu. Ihr werdet sehen nach der Durststrecke von 1 Jahr wird es wieder nach oben gehen.
10.2010 11.10.2010 Q3 2010 Conference Call - Management Presentation
View this Presentation (PDF 3.26 MB) Listen to this Presentation ()
Watch this Presentation ()
View this Presentation ()
http://www.northgateminerals.com/Theme/Northgate/files/pdf/p…
Antwort auf Beitrag Nr.: 40.516.894 von boersentrader02 am 13.11.10 15:05:27Andrew sieht NXG genau wie ich. 2011 wird ein schwieriges Jahr, da die Mine Kemess South, in BC, Canada, im 1. oder im 2. Quartal 2011 still gelegt wird. Young Davidson ist dann noch nicht soweit, dass sie mit der Goldförderung beginnen kann. Das ist erst für Ende 2011 oder auch für das 1. oder 2. Quart. 2012 vorgesehen.
Nach meinen Überlegungen wird der Kurs von NXG wieder zurückkommen auf ca. 1 1/2 US$ und ist dann m. E. wieder kaufenswert. Denn ab dem Jahr 2012 wird es auf der Young Davidson Mine ernst, es beginnt die Goldförderung. Und das dann kontinuierlich ca. 180k Gold-Ouncen jährlich und das mindestens 15 Jahre lang.
Das wird dann ein günstiger Zeitpunkt sein, sein Depot mit NXG-Aktien vergolden zu lassen. Dazu gehört allerdings auch, dass der Goldkurs in etwa so bleibt und die wirtschaftliche Situation sich nicht grundlegend ändern.
Crasht die Wirtschaft, crasht der Dollar und auch noch der Euro dann sieht natürlich alles anders aus und Gold wird bei 5000 US$ und mehr liegen. Dann ist aber auch keinem mehr zu helfen.
Vielleicht sollte man ja mit einigen Stücken von NXG auf dem Weg nach unten schon dabei sein und einiges aufsammeln. Denn noch weiß keiner, außer unseren total verblödeten Politikern die uns nur verarschen wollen, was kommt ?
Das gemeine Volk sollte allerdings ein bisschen gewappnet sein.
Ich jedenfalls bleibe mit meinem Teil drin und werde dann von Fall zu Fall noch einiges dazu kaufen.
Rising Star Buy: Northgate Minerals
By Andrew Sullivan, CFA | More Articles
November 18, 2010 | Comments (0)
It's not too late to diversify your portfolio with gold mining equities, and I'm excited to recommend and open a position in Northgate Minerals (AMEX: NXG), an accomplished mining company headquartered in Vancouver, Canada.
The business
Northgate Minerals is a gold and copper miner with three operating mines and one under construction located in politically safe jurisdictions of Canada and Australia.
Mining companies have two advantages over physical gold. As gold rises, their value rises even faster because fixed costs enable profits margins to expand substantially. Also, unlike physical gold, mining stocks are typically eligible for lower tax rates on long-term capital gains, which max out at 15%. Gold is actually deemed a "collectible" by the IRS, and long term gains are taxed at rates as high as 28%. This makes miners a good option if you see little downside risk and a lot of upside in gold, as I do.
Gold mining companies run from tiny, hype-laden explorers to large producers with functioning mines and cash flow. Exploration has the biggest rewards, but also the most risk. As you move up into established gold producers, risk is lower but so is reward because size makes growth difficult. The key is to find Goldilocks miners -- not too small but not too large. Northgate fits the bill with upside from exploration and development and solid cash flow from existing projects.
Why I'm buying
I'm buying $1,000 of Northgate shares because the company is well run, has lots of growth potential, and trades at an attractive price relative to peers. A catalyst for the stock will be when it opens its new flagship Canadian mine, Young-Davidson, in 2012. And as a wildcard, Northgate owns an intriguing hidden asset that could be worth much more.
1) Savvy, proven operators. Northgate bought its flagship Young-Davidson mine back in 2005 for $18 million. It now has a present value of $600 million and while much of this increase is due to gold tripling in price, management cannily built out its reserves, as it has done with other properties. This commitment to extending the life of mines pays huge dividends to shareholders.
2) Sizable growth potential. Northgate is investing heavily in exploration and development and has $21 million earmarked for 2010. This might not sound like a lot, but it around a fifth of the newly expanded $110 million exploration budget of industry giant Agnico-Eagle Mines (NYSE: AEM), and Northgate has just 1/18th the enterprise value of Agnico-Eagle. The bottom line: Northgate is spending in the big leagues and it is beginning to pay off with new discoveries at existing mines, which could be catalysts for the stock.
3) Compelling valuation. Northgate is compelling value in relation to peers. To name just two, I estimate Aurizon Mines (AMEX: AZK) trades for over $500 enterprise value/reserve ounce, and New Gold (AMEX: NGD) goes for around $475 EV/oz. At $350 EV/oz, Northgate looks attractive, especially given its growth prospects and cash flow generation once Young-Davidson comes on line.
This is a reason the company trades at a discount. Its workhorse Kemess South mine is closing next year after a great 10-year production run, and with Young-Davidson not beginning production until 2012, 2011 will be light for gold production. Northgate's other two mines in Australia are high cost, so 2011 won't be a banner year. However, once Young-Davidson opens, its low cost base will counterbalance the other two mines and these issues should fade away.
4) Hidden asset wildcard. In addition to its 3.8 million ounces of proven gold reserves, Northgate owns the Kemess North property.
It was denied a permit to build an open pit mine in this area in 2007 and wrote the investment down to zero, but a new underground approach is under consideration which could be more palatable environmentally and still open access to 1.4 million gold ounces and 500 million pounds of copper. I'm not banking on this, but I ballpark the worth of a new mine at Kemess at $500 million. Northgate's market cap is $870 million, so this hidden asset could really have an impact if it were to come to light.
Risks
The main risk is that Young-Davidson is delayed, experiences significant cost growth, or doesn't produce as management forecasts. Other risks include higher costs for the Australia properties as they grow older and the many standard risks associated with mining investments including falling commodity prices; rising energy, material, and labor costs; dependence on capital markets for growth; and departure of key personnel. Mining shares can also be volatile.
Summary
Northgate Minerals shares trade where they were a year ago despite the gold rally as investors worry about the transition to Young-Davidson. But as construction progresses next year and investors gain confidence in its ability to gush cash, I expect the shares to rally and the valuation gap between it and peers to close. Along the way we have a clever management team investing large sums to increase the company's gold reserves which should increase overall value. Northgate is being overlooked at the moment, but I don't expect that to last.
This article is part of our Rising Star Portfolios series, where we give some of our most promising stock analysts cold, hard cash to manage on the Fool's behalf. We'd like you to track our performance and benefit from these real-money, real-time free stock picks.
http://www.fool.com/investing/general/2010/11/18/rising-star…
Nach meinen Überlegungen wird der Kurs von NXG wieder zurückkommen auf ca. 1 1/2 US$ und ist dann m. E. wieder kaufenswert. Denn ab dem Jahr 2012 wird es auf der Young Davidson Mine ernst, es beginnt die Goldförderung. Und das dann kontinuierlich ca. 180k Gold-Ouncen jährlich und das mindestens 15 Jahre lang.
Das wird dann ein günstiger Zeitpunkt sein, sein Depot mit NXG-Aktien vergolden zu lassen. Dazu gehört allerdings auch, dass der Goldkurs in etwa so bleibt und die wirtschaftliche Situation sich nicht grundlegend ändern.
Crasht die Wirtschaft, crasht der Dollar und auch noch der Euro dann sieht natürlich alles anders aus und Gold wird bei 5000 US$ und mehr liegen. Dann ist aber auch keinem mehr zu helfen.
Vielleicht sollte man ja mit einigen Stücken von NXG auf dem Weg nach unten schon dabei sein und einiges aufsammeln. Denn noch weiß keiner, außer unseren total verblödeten Politikern die uns nur verarschen wollen, was kommt ?
Das gemeine Volk sollte allerdings ein bisschen gewappnet sein.
Ich jedenfalls bleibe mit meinem Teil drin und werde dann von Fall zu Fall noch einiges dazu kaufen.
Rising Star Buy: Northgate Minerals
By Andrew Sullivan, CFA | More Articles
November 18, 2010 | Comments (0)
It's not too late to diversify your portfolio with gold mining equities, and I'm excited to recommend and open a position in Northgate Minerals (AMEX: NXG), an accomplished mining company headquartered in Vancouver, Canada.
The business
Northgate Minerals is a gold and copper miner with three operating mines and one under construction located in politically safe jurisdictions of Canada and Australia.
Mining companies have two advantages over physical gold. As gold rises, their value rises even faster because fixed costs enable profits margins to expand substantially. Also, unlike physical gold, mining stocks are typically eligible for lower tax rates on long-term capital gains, which max out at 15%. Gold is actually deemed a "collectible" by the IRS, and long term gains are taxed at rates as high as 28%. This makes miners a good option if you see little downside risk and a lot of upside in gold, as I do.
Gold mining companies run from tiny, hype-laden explorers to large producers with functioning mines and cash flow. Exploration has the biggest rewards, but also the most risk. As you move up into established gold producers, risk is lower but so is reward because size makes growth difficult. The key is to find Goldilocks miners -- not too small but not too large. Northgate fits the bill with upside from exploration and development and solid cash flow from existing projects.
Why I'm buying
I'm buying $1,000 of Northgate shares because the company is well run, has lots of growth potential, and trades at an attractive price relative to peers. A catalyst for the stock will be when it opens its new flagship Canadian mine, Young-Davidson, in 2012. And as a wildcard, Northgate owns an intriguing hidden asset that could be worth much more.
1) Savvy, proven operators. Northgate bought its flagship Young-Davidson mine back in 2005 for $18 million. It now has a present value of $600 million and while much of this increase is due to gold tripling in price, management cannily built out its reserves, as it has done with other properties. This commitment to extending the life of mines pays huge dividends to shareholders.
2) Sizable growth potential. Northgate is investing heavily in exploration and development and has $21 million earmarked for 2010. This might not sound like a lot, but it around a fifth of the newly expanded $110 million exploration budget of industry giant Agnico-Eagle Mines (NYSE: AEM), and Northgate has just 1/18th the enterprise value of Agnico-Eagle. The bottom line: Northgate is spending in the big leagues and it is beginning to pay off with new discoveries at existing mines, which could be catalysts for the stock.
3) Compelling valuation. Northgate is compelling value in relation to peers. To name just two, I estimate Aurizon Mines (AMEX: AZK) trades for over $500 enterprise value/reserve ounce, and New Gold (AMEX: NGD) goes for around $475 EV/oz. At $350 EV/oz, Northgate looks attractive, especially given its growth prospects and cash flow generation once Young-Davidson comes on line.
This is a reason the company trades at a discount. Its workhorse Kemess South mine is closing next year after a great 10-year production run, and with Young-Davidson not beginning production until 2012, 2011 will be light for gold production. Northgate's other two mines in Australia are high cost, so 2011 won't be a banner year. However, once Young-Davidson opens, its low cost base will counterbalance the other two mines and these issues should fade away.
4) Hidden asset wildcard. In addition to its 3.8 million ounces of proven gold reserves, Northgate owns the Kemess North property.
It was denied a permit to build an open pit mine in this area in 2007 and wrote the investment down to zero, but a new underground approach is under consideration which could be more palatable environmentally and still open access to 1.4 million gold ounces and 500 million pounds of copper. I'm not banking on this, but I ballpark the worth of a new mine at Kemess at $500 million. Northgate's market cap is $870 million, so this hidden asset could really have an impact if it were to come to light.
Risks
The main risk is that Young-Davidson is delayed, experiences significant cost growth, or doesn't produce as management forecasts. Other risks include higher costs for the Australia properties as they grow older and the many standard risks associated with mining investments including falling commodity prices; rising energy, material, and labor costs; dependence on capital markets for growth; and departure of key personnel. Mining shares can also be volatile.
Summary
Northgate Minerals shares trade where they were a year ago despite the gold rally as investors worry about the transition to Young-Davidson. But as construction progresses next year and investors gain confidence in its ability to gush cash, I expect the shares to rally and the valuation gap between it and peers to close. Along the way we have a clever management team investing large sums to increase the company's gold reserves which should increase overall value. Northgate is being overlooked at the moment, but I don't expect that to last.
This article is part of our Rising Star Portfolios series, where we give some of our most promising stock analysts cold, hard cash to manage on the Fool's behalf. We'd like you to track our performance and benefit from these real-money, real-time free stock picks.
http://www.fool.com/investing/general/2010/11/18/rising-star…
Antwort auf Beitrag Nr.: 40.554.177 von boersentrader02 am 19.11.10 14:24:23Hier kann man sehen wie lange es dauert bis eine Mine in der Open pit Bauweise und auch als Untergrund-Mine bis zur ersten Förderung von Gold fertig gestellt wird.
Hoffentlich trägt es auch zu den entsprechenden Höhenkurs der Aktie demnächst bei.
Get an Inside Look as Northgate Minerals Builds the Young-Davidson Gold Mine in Northern Ontario
November 26, 2010 @ 01:00PM
Vancouver –
Join us this weekend as Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) will be featured on Business Television (BTV) airing in Canada and the US.
BTV films on location in northern Ontario to take an in-depth look as Northgate builds its newest cornerstone operation, the Young-Davidson gold mine, located near the town of Matachewan. The feature also includes interviews with key management personnel and highlights the US$340 million construction effort currently taking place at site.
“Our growth strategy has focused on acquiring, developing and operating profitable, long-life mining properties” said Ken Stowe, President and CEO, “and Young-Davidson is well on its way to achieving each of these objectives. Since acquiring the property in 2005, we have spent over $150 million on exploration and development of the mine and with construction advancing on schedule and on budget, we look forward to the first gold pour, which is scheduled for early 2012.”
The broadcast will air on the following networks:
Canada: BNN – Sat. Nov. 27 @ 8:00 pm EST
Ontario: SUNTV – SunNov. 28 @ 9:00 am EST
Alberta: CITY TV – Sat. Nov. 27 @ 10:30 am MST
BC/Washington: KVOS TV – channel 30 Sat Nov. 27 @ 8:30 am PST, Sun. Nov. 28 @ 6:00 am PST
http://smr.newswire.ca/en/northgate-minerals-corporation/nor…
Hier sind ein paar Bilder von der neu entstehenden Mine Young Davidson in Ontario:
Aerial View of Young-Davidson. Excellent progress on construction
Reaming Diamond Drill hole for Young-Davidson Pit dewatering
Building frame for the Hoist Room
Hoffentlich trägt es auch zu den entsprechenden Höhenkurs der Aktie demnächst bei.
Get an Inside Look as Northgate Minerals Builds the Young-Davidson Gold Mine in Northern Ontario
November 26, 2010 @ 01:00PM
Vancouver –
Join us this weekend as Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) will be featured on Business Television (BTV) airing in Canada and the US.
BTV films on location in northern Ontario to take an in-depth look as Northgate builds its newest cornerstone operation, the Young-Davidson gold mine, located near the town of Matachewan. The feature also includes interviews with key management personnel and highlights the US$340 million construction effort currently taking place at site.
“Our growth strategy has focused on acquiring, developing and operating profitable, long-life mining properties” said Ken Stowe, President and CEO, “and Young-Davidson is well on its way to achieving each of these objectives. Since acquiring the property in 2005, we have spent over $150 million on exploration and development of the mine and with construction advancing on schedule and on budget, we look forward to the first gold pour, which is scheduled for early 2012.”
The broadcast will air on the following networks:
Canada: BNN – Sat. Nov. 27 @ 8:00 pm EST
Ontario: SUNTV – SunNov. 28 @ 9:00 am EST
Alberta: CITY TV – Sat. Nov. 27 @ 10:30 am MST
BC/Washington: KVOS TV – channel 30 Sat Nov. 27 @ 8:30 am PST, Sun. Nov. 28 @ 6:00 am PST
http://smr.newswire.ca/en/northgate-minerals-corporation/nor…
Hier sind ein paar Bilder von der neu entstehenden Mine Young Davidson in Ontario:
Aerial View of Young-Davidson. Excellent progress on construction
Reaming Diamond Drill hole for Young-Davidson Pit dewatering
Building frame for the Hoist Room
Antwort auf Beitrag Nr.: 40.610.174 von boersentrader02 am 29.11.10 17:41:25Hier gibt es schon wieder eine neue Präsentation von NXG, Stand 23. November 2010:
http://www.northgateminerals.com/Theme/Northgate/files/pdf/p…
Diese Präsentation ist sehr informativ. Vielleicht auch das richtige um zu höheren Kursen zu kommen, vielleicht ?
http://www.northgateminerals.com/Theme/Northgate/files/pdf/p…
Diese Präsentation ist sehr informativ. Vielleicht auch das richtige um zu höheren Kursen zu kommen, vielleicht ?
Antwort auf Beitrag Nr.: 40.610.248 von boersentrader02 am 29.11.10 17:50:28Hier die Einschätzung von Walter K. Eichelburg zum Gold:
26.11.10 / 18:36, Abrufe gesamt: 14.310
Goldexperte Eichelburg: "In einem Tag auf 5.000 Dollar"
http://www.daf.fm/video/goldexperte-eichelburg-in-einem-tag-…
Wenn das kommt dann wird auch Northgate nicht mehr zu halten sen.
26.11.10 / 18:36, Abrufe gesamt: 14.310
Goldexperte Eichelburg: "In einem Tag auf 5.000 Dollar"
http://www.daf.fm/video/goldexperte-eichelburg-in-einem-tag-…
Wenn das kommt dann wird auch Northgate nicht mehr zu halten sen.
Antwort auf Beitrag Nr.: 40.612.367 von boersentrader02 am 29.11.10 23:10:07Die kompletten Bohr-Ergebnisse von der Underground-Mine Kemess North in BC werden hier veröffentlicht. Und wenn man, die Ergebnisse liest, sieht man das sie vielversprechend sind.
Anfang des Neuen jahres kommt die neue Studie, aufgrund dieser jetzt vorliegenden Ergebnisse.
Bin echt gespannt um wieviel sich die dort lagernden Edelmetalle erhöhen werden.
Northgate Minerals Successfully Completes 2010 Diamond Drill Program at Kemess Underground
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.
www.northgateminerals.com/Theme/Northgate/files/Releases/11-…
Figure 2: Plan showing area of resource within an interpreted 1.0 g/t gold grade shell relative to block cave area outline.
www.northgateminerals.com/Theme/Northgate/files/Releases/11-…
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:
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:
Northgate 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).
Anfang des Neuen jahres kommt die neue Studie, aufgrund dieser jetzt vorliegenden Ergebnisse.
Bin echt gespannt um wieviel sich die dort lagernden Edelmetalle erhöhen werden.
Northgate Minerals Successfully Completes 2010 Diamond Drill Program at Kemess Underground
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.
www.northgateminerals.com/Theme/Northgate/files/Releases/11-…
Figure 2: Plan showing area of resource within an interpreted 1.0 g/t gold grade shell relative to block cave area outline.
www.northgateminerals.com/Theme/Northgate/files/Releases/11-…
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:
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:
Northgate 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).
Antwort auf Beitrag Nr.: 40.622.452 von boersentrader02 am 01.12.10 12:15:44Wir sind ja nur noch ein paar die sich für Northgate interessieren, daher nehme ich an, dass die letzte Präsentation vom Nov. 2010, bekannt ist.
Ich stell sie aber trotzdem hier für alle die sich eventuell auf diese Seite verlaufen einmal ein.
http://www.northgateminerals.com/Theme/Northgate/files/pdf/p…
Und hier sind die Infos von dem neuen Goldfeld aus dem Goldgürtel von Nevada. Hier wird im nächsten Jahr 2011 nach Gold und Silber von NXG gebohrt:
420 claims in historic
Awakening mining district (34 km2)
» Option to earn-in initial 51%
» Carrying out 24km of IP/ MT surveys
» Soil and water geochemical sampling
» First drill program in 2011
Ich stell sie aber trotzdem hier für alle die sich eventuell auf diese Seite verlaufen einmal ein.
http://www.northgateminerals.com/Theme/Northgate/files/pdf/p…
Und hier sind die Infos von dem neuen Goldfeld aus dem Goldgürtel von Nevada. Hier wird im nächsten Jahr 2011 nach Gold und Silber von NXG gebohrt:
420 claims in historic
Awakening mining district (34 km2)
» Option to earn-in initial 51%
» Carrying out 24km of IP/ MT surveys
» Soil and water geochemical sampling
» First drill program in 2011
Antwort auf Beitrag Nr.: 40.632.338 von boersentrader02 am 02.12.10 15:39:07Und hier ist schon wieder eine Präsentation von NXG, die anläßlich der
Scotia Capital 2010 Mining Conference
from November 30, 2010 to December 2, 2010
Time: 09:00 AM EST
vorgestellt wurde.
Der Link:
http://www.northgateminerals.com/Theme/Northgate/files/pdf/p…
Auszug von der Seite 5 zu der Mine Kemess North:
Kemess Underground
Intersected highest grade-thickness interval ever drilled on the property at 3.37 g/t gold and 0.95% copper over 60 m
Scotia Capital 2010 Mining Conference
from November 30, 2010 to December 2, 2010
Time: 09:00 AM EST
vorgestellt wurde.
Der Link:
http://www.northgateminerals.com/Theme/Northgate/files/pdf/p…
Auszug von der Seite 5 zu der Mine Kemess North:
Kemess Underground
Intersected highest grade-thickness interval ever drilled on the property at 3.37 g/t gold and 0.95% copper over 60 m
Antwort auf Beitrag Nr.: 40.632.506 von boersentrader02 am 02.12.10 15:56:50Miners Priced to Move: Northgate Minerals
By Christopher Barker | More Articles
December 1, 2010 | Comments (1)
It's no secret that precious metal stocks have enjoyed noteworthy strength here as metal prices continue their multiyear advance. But even the hottest sector around can have its laggards.
When a rising tide like gold and silver seeks to carry all ships, turn on your Foolish sonar, and locate some submarines before they reach the surface.
Currently, some of my own sonar's loudest pings are bouncing off of Northgate Minerals (AMEX: NXG). This stock came out smelling like roses when I lined-up five junior gold producers in a side-by-side comparison back in July, and 44% of respondents to our Motley Poll agreed Northgate was the cream of that crop.
Despite another solid year of gold price gains, however, Northgate's stock has gone absolutely nowhere in 2010. Initial production targets were stymied by disappointing shortfalls at the company's two Australian mines (Fosterville and Stawell). As my colleague Andrew Sullivan suggested within his own bullish assessment of Northgate, investors may also be discounting a rather light year of production for 2011. Northgate is laboring to build the Young-Davidson mine (targeting production in the first quarter of 2012), while the outgoing flagship Kemess South mine approaches the end of its operating life.
But just because the stock has been asleep, doesn't mean the company has! Northgate continues to deliver shareholder value by the most efficient means possible in this industry: by the tip of the exploration drill.
This week, the company unveiled phenomenal results from drilling aimed at establishing the potential for an underground operation at Kemess North (where an open pit mine permit has previously been denied). Intersecting wide zones of high-grade gold and copper ore -- including one 80-meter interval with 2.4 grams of gold per ton and a copper concentration of 0.78% -- this underground mine option is beginning to look very promising from a stanpoint of economic feasibility.
Meanwhile, those Australian mines continue to telegraph additional reserve expansions in the works as Northgate reveals high-grade intercepts at both properties. At Stawell, where production is now expected to return to normal going forward, new discoveries like the Waterloo zone are yielding gold grades as high as 24 grams per ton over a promising 10.6-meter interval. At Fosterville, the Phoenix deposit -- not to be confused with Rubicon Minerals' (AMEX: RBY) similarly named bonanza in Ontario -- is shaping up nicely as an organic growth engine of its own.
The way I see it, anyone can latch-on to gold and silver's obvious momentum leaders like New Gold (AMEX: NGD) or Silver Wheaton (NYSE: SLW), and I personally see no obstacles in the way of further success for these proven highfliers. A clever Fool, meanwhile, may also wish to bet that the greatest upside potential in the sector lies in the previously punished shares of turnaround stories in the making. I like Gammon Gold (NYSE: GRS) and Coeur d'Alene Mines (NYSE: CDE) for those very reasons, but Northgate Minerals turns that dynamic duo into a terrific trio. To keep your sonar focused on this stealthy submarine, click here for ongoing Foolish coverage.
http://www.fool.com/investing/general/2010/12/01/miners-pri…
By Christopher Barker | More Articles
December 1, 2010 | Comments (1)
It's no secret that precious metal stocks have enjoyed noteworthy strength here as metal prices continue their multiyear advance. But even the hottest sector around can have its laggards.
When a rising tide like gold and silver seeks to carry all ships, turn on your Foolish sonar, and locate some submarines before they reach the surface.
Currently, some of my own sonar's loudest pings are bouncing off of Northgate Minerals (AMEX: NXG). This stock came out smelling like roses when I lined-up five junior gold producers in a side-by-side comparison back in July, and 44% of respondents to our Motley Poll agreed Northgate was the cream of that crop.
Despite another solid year of gold price gains, however, Northgate's stock has gone absolutely nowhere in 2010. Initial production targets were stymied by disappointing shortfalls at the company's two Australian mines (Fosterville and Stawell). As my colleague Andrew Sullivan suggested within his own bullish assessment of Northgate, investors may also be discounting a rather light year of production for 2011. Northgate is laboring to build the Young-Davidson mine (targeting production in the first quarter of 2012), while the outgoing flagship Kemess South mine approaches the end of its operating life.
But just because the stock has been asleep, doesn't mean the company has! Northgate continues to deliver shareholder value by the most efficient means possible in this industry: by the tip of the exploration drill.
This week, the company unveiled phenomenal results from drilling aimed at establishing the potential for an underground operation at Kemess North (where an open pit mine permit has previously been denied). Intersecting wide zones of high-grade gold and copper ore -- including one 80-meter interval with 2.4 grams of gold per ton and a copper concentration of 0.78% -- this underground mine option is beginning to look very promising from a stanpoint of economic feasibility.
Meanwhile, those Australian mines continue to telegraph additional reserve expansions in the works as Northgate reveals high-grade intercepts at both properties. At Stawell, where production is now expected to return to normal going forward, new discoveries like the Waterloo zone are yielding gold grades as high as 24 grams per ton over a promising 10.6-meter interval. At Fosterville, the Phoenix deposit -- not to be confused with Rubicon Minerals' (AMEX: RBY) similarly named bonanza in Ontario -- is shaping up nicely as an organic growth engine of its own.
The way I see it, anyone can latch-on to gold and silver's obvious momentum leaders like New Gold (AMEX: NGD) or Silver Wheaton (NYSE: SLW), and I personally see no obstacles in the way of further success for these proven highfliers. A clever Fool, meanwhile, may also wish to bet that the greatest upside potential in the sector lies in the previously punished shares of turnaround stories in the making. I like Gammon Gold (NYSE: GRS) and Coeur d'Alene Mines (NYSE: CDE) for those very reasons, but Northgate Minerals turns that dynamic duo into a terrific trio. To keep your sonar focused on this stealthy submarine, click here for ongoing Foolish coverage.
http://www.fool.com/investing/general/2010/12/01/miners-pri…
Antwort auf Beitrag Nr.: 40.635.892 von boersentrader02 am 02.12.10 21:06:42Vielen Dank für Deine unendlilche Mühe.
Bin seit 2006 dabei. gruß
Bin seit 2006 dabei. gruß
Antwort auf Beitrag Nr.: 40.638.154 von son_of_schlock am 03.12.10 09:35:35Ob das heute, wie unten geschrieben eventuell ein Ausbruch gewesen ist ?
Wenn ja, dann soll er aber auch in 2011 nach oben sich fortsetzen, oder ?
Immerhin hatten wir in 2010 schon mal die 3,0 US$ gesehen. Bis dahin sind es aber wenigstens noch 10 %. Ob wir das bald schaffen werden ?
Volume Spike Detected in Shares of Northgate Minerals as They Move Higher on 1.1x Above-Average Volume (NXG)
Written on Thu, 12/30/2010 - 12:31pmBy Sarah Hashim-Waris
Shares of Northgate Minerals (AMEX:NXG) are trading up 0.3% to $3.17 today on above average volume. Approximately 2.7 million shares have traded hands today vs. average 30-day volume of 2.4 million shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of NXG to see if this bullish momentum will continue.
SmarTrend currently has shares of Northgate Minerals in an Uptrend and issued the Uptrend alert on November 11, 2010 at $3.10. The stock has risen 1.8% since the Uptrend alert was issued.
In the last five trading sessions, the 50-day MA has climbed 0.54% while the 200-day MA has remained constant.
In the past 52 weeks, shares of Northgate Minerals have traded between a low of $2.30 and a high of $3.59 and are now at $3.19, which is 39% above that low price.
http://www.mysmartrend.com/news-briefs/news-watch/volume-spi…
Wenn ja, dann soll er aber auch in 2011 nach oben sich fortsetzen, oder ?
Immerhin hatten wir in 2010 schon mal die 3,0 US$ gesehen. Bis dahin sind es aber wenigstens noch 10 %. Ob wir das bald schaffen werden ?
Volume Spike Detected in Shares of Northgate Minerals as They Move Higher on 1.1x Above-Average Volume (NXG)
Written on Thu, 12/30/2010 - 12:31pmBy Sarah Hashim-Waris
Shares of Northgate Minerals (AMEX:NXG) are trading up 0.3% to $3.17 today on above average volume. Approximately 2.7 million shares have traded hands today vs. average 30-day volume of 2.4 million shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of NXG to see if this bullish momentum will continue.
SmarTrend currently has shares of Northgate Minerals in an Uptrend and issued the Uptrend alert on November 11, 2010 at $3.10. The stock has risen 1.8% since the Uptrend alert was issued.
In the last five trading sessions, the 50-day MA has climbed 0.54% while the 200-day MA has remained constant.
In the past 52 weeks, shares of Northgate Minerals have traded between a low of $2.30 and a high of $3.59 and are now at $3.19, which is 39% above that low price.
http://www.mysmartrend.com/news-briefs/news-watch/volume-spi…
Northgate Minerals Announces Production Growth for its Three Year Plan 2011 - 2013
Exploration Activities Continue to Focus on Reserve and Resource Expansion
VANCOUVER, Jan. 10 /CNW/ -
(All figures in US dollars except where noted) -
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) is pleased to announce its production and cash cost guidance for the three-year period of 2011 through 2013.
2011 - 2013 Operating Outlook Highlights
- Northgate is forecasting 2011 gold production in the range of
195,000 - 205,000 ounces at an average net cash cost of $810 - $855
per ounce(1) from our three operating mines.
- Production in the following two years is expected to increase
significantly, with dramatically lower cash costs, as Northgate's new
low-cost and long-life Young-Davidson mine ramps up production in the
first half of 2012.
- 2012 production and cash costs are forecast to be in the range of
285,000 - 300,000 ounces and $725 - $750 per ounce, respectively.
- 2013 production and cash costs are forecast to be in the range of
340,000 - 355,000 ounces and $615 - $645 per ounce, respectively.
- In addition to a robust three year production outlook, Northgate
continues to focus its exploration programs on reserve expansion and
organic growth:
- 2011 exploration spending in Australia is forecast to be
$11.5 million in support of mine-life extensions at both
Fosterville and Stawell.
- At Young-Davidson, 2011 exploration spending is forecast to be
$2.0 million, which will focus on increasing resources on the
property.
- With the drill program at Kemess Underground complete, Northgate
is completing a new underground resource estimate, which will
support various studies in 2011 to determine the economics of a
potential underground mine at Kemess.
- With the successful completion of a convertible note offering in
October 2010, the construction of Young-Davidson is fully funded and
we are in a strong financial position to support our exploration
programs and capital expenditures at our other operations during this
period of growth.
--------------------
(1) Assumes a copper price of $4.00 per pound and exchange rates of
US$/Cdn$1.00 and US$/A$1.00.
"We look forward to a very exciting year ahead, as we undergo the major construction phase of the Young-Davidson mine, which is progressing on schedule and on budget," commented Ken Stowe, Northgate's President and CEO. "Our outlook for 2012 and 2013 is even more exciting as we now have a solid production growth platform that will see our annual production increase significantly and our cash costs decrease dramatically. With a successful 2010 exploration year, one that brought several discoveries in previously untested areas at all of our operations, we look forward to robust exploration programs in 2011 and fully expect to add meaningful ounces to the Company's reserve and resource base."
2011 Production Forecast
Estimated 2011 gold production and cash costs for Northgate's three operating mines are shown below:
-------------------------------------------------------------------------
Gold (ounces) Cash Cost ($/oz)(1)
-------------------------------------------------------------------------
Fosterville 97,000 - 102,000 $885 - $930
Stawell 86,000 - 91,000 $800 - $850
Kemess South 12,000 $285
-------------------------------------------------------------------------
195,000 - 205,000 $810 - $855
-------------------------------------------------------------------------
-------------------------------------------------------------------------
(1) Assuming copper price of $4.00 per pound and exchange rates of
US$/Cdn$1.00 and US$/A$1.00.
In addition to gold production, Kemess South is expected to produce approximately 5.3 million pounds of copper during the first quarter of 2011, prior to closure of the mine in February.
2011 Sensitivities
-------------------------------------------------------------------------
Impact
Operating Cash Flow Variable Change (US$ millions)
-------------------------------------------------------------------------
Gold Price $25 per ounce $5.5
US$/A$ Foreign Exchange Rate $0.05 $8.9
US$/Cdn$ Foreign Exchange Rate $0.05 $0.5
-------------------------------------------------------------------------
Impact
Cash Cost per Ounce Variable Change (US$ per ounce)
-------------------------------------------------------------------------
US$/A$ Foreign Exchange Rate $0.05 $40
US$/Cdn$ Foreign Exchange Rate $0.05 $5
-------------------------------------------------------------------------
-------------------------------------------------------------------------
2012 and 2013 Outlook
Estimated 2012 and 2013 gold production and cash costs are shown below:
-------------------------------------------------------------------------
2012 2013
Production Cash Cost Production Cash Cost
(ounces) ($/oz)(1) (ounces) ($/oz)(1)
-------------------------------------------------------------------------
Fosterville 96,000-100,000 $965-$995 92,000-98,000 $855-$910
Stawell 105,000-110,000 $630-$650 114,000-117,000 $655-$670
Young-Davidson 84,000-90,000 $580-$610 134,000-140,000 $420-$440
-------------------------------------------------------------------------
285,000-300,000 $725-$750 340,000-355,000 $615-$645
-------------------------------------------------------------------------
-------------------------------------------------------------------------
(1) Assuming exchange rates of US$/Cdn$1.00 and US$/A$1.00.
In addition to increased production in 2012 and 2013, the Young-Davidson mine will begin to transition to higher grade underground ore in 2014. As a result, the annual production at Young-Davidson will rise to approximately 175,000 ounces per year and to over 200,000 ounces annually in subsequent years.
Further Growth Opportunity - Kemess Underground
The current three year plan shows production from three mines: the Fosterville and Stawell Gold mines in Australia and the Young-Davidson mine in Canada. In addition, Northgate is currently updating its resource estimate for the Kemess Underground Project, which is expected for completion in the first quarter of 2011. A budget of $1.4 million has been allocated in 2011 for feasibility work, using the new resource estimate, to determine the potential for an underground mine at Kemess, which could come into production as early as 2014 and contribute to Northgate's growing production profile and further reduce the Corporation's average net cash cost of production.
Projected 2011 Mine Production
Fosterville Gold Mine
-------------------------------------------------------------------------
Ore mined (tonnes) 810,000
Ore milled (tonnes) 810,000
Ore milled per day (tonnes) 2,200
Gold grade (g/t) 4.45
Gold recovery (%) 84
Gold production (ounces)(1) 97,000 - 102,000
Net cash cost ($/ounce)(2) 885 - 930
-------------------------------------------------------------------------
-------------------------------------------------------------------------
(1) 2011 production forecast includes approximately 1,400 ounces from the
carbon-in-leach (CIL) tails retreat.
(2) Assuming an exchange rate US$/A$1.00.
In 2011, the Fosterville mine plan calls for the mill to process approximately 810,000 tonnes of ore. Mill head grades are expected to average 4.45 grams per tonne (g/t) and gold recovery is estimated at an average of 84%. Production in 2011 is forecast to be in the range of 97,000 - 102,000 ounces of gold, with quarterly gold output relatively consistent throughout the year in the range of 23,500 - 26,500 ounces.
Mine production will come primarily from the heart of the main Phoenix orebody with the remaining production from the Ellesmere and the recently-developed Harrier Underground orebodies. In addition, approximately 100,000 tonnes of oxide ore at a grade of 2.48 g/t will be sourced from the Harrier and John's open pits. Unit operating costs are forecast to total A$111 per tonne milled, consisting of underground mining costs of A$71 per tonne mined, milling costs of A$33 per tonne milled and general and administrative (G&A) costs of A$10 per tonne milled. Open pit mining costs are estimated at A$5.80 per tonne of ore and waste mined and the pits have an average stripping ratio of 7:1.
Northgate will continue to develop the infrastructure for the Harrier orebody in 2011. Substantial progress was made in 2010 as the development decline exceeded plan for the year. By the end of last year, the main Harrier vent rise was completed, which will help establish primary ventilation and secondary access for the Harrier orebody in the first half of 2011 in preparation for production mining by mid-year. In addition, surface mining will recommence with planned pit expansions on the previously mined Harrier and John's pits, which previously produced approximately 25,000 ounces of gold.
Capital expenditures at Fosterville are forecast to total $10.8 million, which is lower than last year's forecast of $12.5 million. Capital expenditures in 2011 include $9.0 million for new mobile equipment and $1.4 million for mine infrastructure. Mine development capital and resource definition drilling expenditures are forecast to be $27.3 million. Approximately 80% of mine development capital will be allocated to the Harrier Underground development, with the balance primarily allocated to the ongoing development of the Phoenix orebody.
Stawell Gold Mine
-------------------------------------------------------------------------
Ore mined (tonnes) 835,000
Ore milled (tonnes) 845,000
Ore milled per day (tonnes) 2,300
Gold grade (g/t) 3.75
Gold recovery (%) 88
Gold production (ounces) 86,000 - 91,000
Net cash cost ($/ounce)(1) 800 - 850
-------------------------------------------------------------------------
-------------------------------------------------------------------------
(1) Assuming an exchange rate US$/A$1.00.
In 2011, the Stawell mine plan calls for approximately 845,000 tonnes to be milled at an average grade of 3.75 g/t, with gold recovery forecast to be 88%. Total gold production is forecast to be in the range of 86,000 - 91,000 ounces. The quarterly gold output will steadily increase over the year: production in the first quarter of 2011 is forecast to be 18,000 ounces, increasing to 27,000 ounces by the fourth quarter, which will result in steadily decreasing cash costs over the year. Ramp up of production is expected to continue in the years 2012 - 2013, with production forecast to be in the range of 105,000 - 117,000 ounces, as ore will be increasingly sourced from the higher-grade GG6 zone.
In 2011, ore for the mill will be sourced from the GG2, GG3, C7/U3 and GG6 zones. In addition, approximately 85,000 tonnes of oxide ore at a grade of 1.95 g/t will be sourced from the Wonga pit. Unit operating costs are forecast to total A$86 per tonne milled, consisting of underground mining costs of A$60 per tonne mined, milling costs of A$22 per tonne milled and G&A costs of A$9 per tonne milled. Open pit mining costs are estimated at $7.11 per tonne of ore and waste mined and the pit has an average stripping ratio of 2:1.
Mine production for 2011 will come primarily from the C7/U3 zones and we will continue to establish the infrastructure for the GG6 zone, which started production in the last quarter of 2010. Surface mining will also recommence in 2011 with the expansion of the previously mined Wonga pit.
Capital expenditures at Stawell are forecast to total $12.7 million, a significant decrease from the forecast of $15.6 million in the previous year. Capital expenditures in 2011 include $10.7 million for new mining equipment and $1.2 million for structural refurbishment of the crusher and flotation circuit in the mill. Mine development capital and resource definition drilling costs are forecast to be $26.2 million, primarily related to the C7/U3, GG2, GG3 GG6 and North Magdala extensions reserve blocks, which will support production in 2011 and beyond.
Kemess South Mine
-------------------------------------------------------------------------
Ore milled (tonnes) 2,619,000
Ore milled per day (tonnes) 44,000
Gold production (ounces) 12,000
Copper production (thousands pounds) 5,300
Net cash cost ($/ounce)(1) 285
-------------------------------------------------------------------------
-------------------------------------------------------------------------
(1) Assuming an exchange rate US$/Cdn$1.00.
The Kemess South mine is expected to operate until February 2011. Production will be sourced from previously mined and stockpiled ore. 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. There are no capital expenditures planned in 2011.
2011 Exploration Program
Northgate's 2011 exploration program will primarily be devoted to following up on a number of exciting discoveries identified in 2010 and we are pleased to announce an aggressive $14.5 million exploration program in 2011, including:
- $2.0 million at Young-Davidson to drill outside the known resource
area.
- $3.8 million at Fosterville for resource conversion and infill
drilling primarily in the Phoenix Extension and Footwall zones and
investigative drilling of other targets on the mining lease.
- $7.7 million at Stawell for drill programs totalling 24,000 (m)
focusing on mining lease and near-mine exploration targets.
Exploration at Young-Davidson
In 2011, the exploration spending for Young-Davidson is budgeted at $2.0 million for a 12,000 m diamond drill program utilizing two surface drills. The main focus of the drill program will be on the syenite-hosted gold mineralization in the YD West zone discovered in hole 198, which returned one of the best holes on the property at 3.46 g/t over 79.5 m. Since the discovery of the YD West zone, two diamond drills have been on the property to test the size of this zone and more recent drilling has focused in closer proximity to hole 198.
Results of two holes are currently pending and are expected to be released shortly. One diamond drill will continue to concentrate in this zone in 2011 (see figure 1) with the focus on defining the extent of the resource with a drill density sufficient to allow for resource estimation.
Figure 1 - Young-Davidson Longitudinal Section (looking north)
www.northgateminerals.com/Theme/Northgate/files/Releases/011…
The Young-Davison orebody remains open in all directions. Geophysical surveys consisting of induced-polarized (IP) gravity and airborne magnetics completed in 2010 have defined compelling drill targets on both the east and west flanks of the current deposit (see figure 2) and a single drill will be used to test these targets.
Figure 2 - Young-Davidson Property Geological Map with 2011 Drill Targets
www.northgateminerals.com/Theme/Northgate/files/Releases/011…
Fosterville Gold Mine
Exploration expenditures in 2011 are forecast to be $3.8 million for approximately 18,000 m of diamond drilling. The majority of work will focus on resource conversion targets below and along trend from the currently mined Phoenix deposit, the Footwall and Extension, and will follow up on the excellent drill results recently released, including 5.4 g/t gold over 24.9 m, 6.3 g/t over 23.3 m and 14.1 g/t over 4.7 m (see press release dated November 10, 2010). These results indicate the potential to add new reserves, increase ounces per vertical metre and extend the Phoenix zone another 150 m south along strike and down plunge.
In addition, resource definition and exploration drilling will continue from the Harrier decline, which has served as an excellent drill platform along the Fosterville Fault. Drill programs in 2010 included a number of similar targets and sufficient drilling was completed to initiate a resource estimate, which will be included in the 2010 year-end statement of reserves and resources.
A third exploration program will focus on the Harrington's Hill South pit, where exploration drilling will cover a strike length of approximately 650 m, extending from immediately south of the Harrier Pit to south of John's pit. Collectively, these pits have produced approximately 40,000 ounces of gold from oxide material and with an additional 19,000 ounces of gold from sulphide material mined from the Harrier pit. Both reverse circulation (RC) and diamond drilling methods will be used to target sulphide-hosted gold mineralization at depths suitable for an open pit environment.
Project scoping will also be initiated on the Pegasus structure, a separate gold bearing structure occurring east of the Ellesmere and Falcon open pits. Drilling on section 8550N in 2010 identified moderate widths and grades and future exploration will test along strike and down dip.
Investigative drilling will be initiated on the Peregrine Fault structure (Fosterville Splays drill program), which lies about 175 m below the Phoenix orebody. During 2010, drill intercepts on Section 6050 returned 3.2 g/t gold over 17.0 m, including 4.4 g/t over 8.0 m and 5.1 g/t over 3.0 m.
Investigative drilling will also target the Fosterville Fault - Phoenix Fault intersection where there is potential for gold mineralization, a location which has received little drilling in the deeper parts of the Phoenix orebody.
Figure 3 - Exploration Targets Shown on Longitudinal Projection of the Fosterville Gold Mine
www.northgateminerals.com/Theme/Northgate/files/Releases/011…
Stawell
At Stawell, exploration expenditures of $7.7 million are forecast in 2011 focusing mainly on three target areas on or immediately adjacent to the current mining lease. Two of these areas, the Wonga Dome and Northgate Gift, were discovered by diamond drilling during our "Big Fish" exploration campaign in 2010, having been postulated to exist based on geological/geophysical evidence and interpretation. The third target area, Golden Gift 6 Lower (GG6L), was discovered in 2009 while drilling off the GG6 deposit, which is now in its initial stages of production and development.
Drilling on the first of the "Big Fish" targets, the Wonga Dome, intersected several zones of gold bearing mineralization including 13.7 g/t over 5.45 m and 15.4 g/t over 2.5 m (see press release dated November 1, 2010). 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. In 2011, a total of 10,400 m of surface diamond drilling is planned and by the middle of the year, we hope to have enough information to evaluate whether mineralization in the area is sufficiently robust to support drifting across to the zone to complete resource definition drilling. Any reserves that may ultimately be delineated in this zone could be mined as early as 2013 as the area is reasonably close to our existing underground infrastructure.
Drilling will also take place from underground with a total 12,500 m planned. The majority of drilling will take place within two zones: the Northgate Gift and GG6L.
The Northgate Gift was discovered in 2010 (see press release dated August 31, 2010) when hole MD5696A intersected gold bearing intervals of 4.53 g/t gold over 1.8 m and 3.83 g/t over 3.6 m. The Northgate Gift is the fault offset extension of the Magdala/Golden Gift orebodies, which have combined to produce over two million ounces of gold on the property over the past 26 years. This target area is deeper and further from existing underground workings than the Wonga target area, but is believed to have much greater size potential. As illustrated on the accompanying diagram, the exploration program will consist of four parent holes, each with several daughter holes, and will take the entire year to complete.
The final component of our 2011 exploration program will focus on the GG6L zone, where several excellent intervals, including 24.0 g/t over 10.0 m and 13.2 g/t over 4.0 m, were returned in 2010. The GG6L mineralized zone extends over 200 m along strike and over 180 m in vertical height at present. Drilling in 2011 will focus on adding to high-grade reserves similar to the 6.3 g/t reserve grade found within the GG6 zone.
Also within GG6L, the discovery of a potentially significant waterloo zone further east of the main basalt contact provides another high-grade area to focus on. Potential for increasing the size of GG6L zone is promising. Multiple ore surfaces in the GG6L zone and extensions at depth, as well as the identification of the waterloo zone, all present excellent opportunities for additional ounces to be discovered in this zone.
In addition to these drill programs, the mine geology group at Stawell will also be focusing on grade control and resource definition programs focusing on converting resources to reserves.
Figure 4 - Exploration Targets Shown on Longitudinal Projection of the Stawell Gold Mine
www.northgateminerals.com/Theme/Northgate/files/Releases/011…
Awakening Project, Nevada
The Awakening project has a budget of $0.8 million to drill test a number of coincident geological/geophysical/geochemical targets defined by the 2010 geophysical program and the compilation data provided by the partner Nevada Exploration Inc. Subject to availability of drill rigs, a 4,000 m drill program is expected be initiated in the first quarter, with one to two drill rigs on the property.
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).
For further information: Ms. Keren R. Yun, Director, Investor Relations, Tel: 416-216-2781, Email: ngx@northgateminerals.com, Website: www.northgateminerals.com
Exploration Activities Continue to Focus on Reserve and Resource Expansion
VANCOUVER, Jan. 10 /CNW/ -
(All figures in US dollars except where noted) -
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) is pleased to announce its production and cash cost guidance for the three-year period of 2011 through 2013.
2011 - 2013 Operating Outlook Highlights
- Northgate is forecasting 2011 gold production in the range of
195,000 - 205,000 ounces at an average net cash cost of $810 - $855
per ounce(1) from our three operating mines.
- Production in the following two years is expected to increase
significantly, with dramatically lower cash costs, as Northgate's new
low-cost and long-life Young-Davidson mine ramps up production in the
first half of 2012.
- 2012 production and cash costs are forecast to be in the range of
285,000 - 300,000 ounces and $725 - $750 per ounce, respectively.
- 2013 production and cash costs are forecast to be in the range of
340,000 - 355,000 ounces and $615 - $645 per ounce, respectively.
- In addition to a robust three year production outlook, Northgate
continues to focus its exploration programs on reserve expansion and
organic growth:
- 2011 exploration spending in Australia is forecast to be
$11.5 million in support of mine-life extensions at both
Fosterville and Stawell.
- At Young-Davidson, 2011 exploration spending is forecast to be
$2.0 million, which will focus on increasing resources on the
property.
- With the drill program at Kemess Underground complete, Northgate
is completing a new underground resource estimate, which will
support various studies in 2011 to determine the economics of a
potential underground mine at Kemess.
- With the successful completion of a convertible note offering in
October 2010, the construction of Young-Davidson is fully funded and
we are in a strong financial position to support our exploration
programs and capital expenditures at our other operations during this
period of growth.
--------------------
(1) Assumes a copper price of $4.00 per pound and exchange rates of
US$/Cdn$1.00 and US$/A$1.00.
"We look forward to a very exciting year ahead, as we undergo the major construction phase of the Young-Davidson mine, which is progressing on schedule and on budget," commented Ken Stowe, Northgate's President and CEO. "Our outlook for 2012 and 2013 is even more exciting as we now have a solid production growth platform that will see our annual production increase significantly and our cash costs decrease dramatically. With a successful 2010 exploration year, one that brought several discoveries in previously untested areas at all of our operations, we look forward to robust exploration programs in 2011 and fully expect to add meaningful ounces to the Company's reserve and resource base."
2011 Production Forecast
Estimated 2011 gold production and cash costs for Northgate's three operating mines are shown below:
-------------------------------------------------------------------------
Gold (ounces) Cash Cost ($/oz)(1)
-------------------------------------------------------------------------
Fosterville 97,000 - 102,000 $885 - $930
Stawell 86,000 - 91,000 $800 - $850
Kemess South 12,000 $285
-------------------------------------------------------------------------
195,000 - 205,000 $810 - $855
-------------------------------------------------------------------------
-------------------------------------------------------------------------
(1) Assuming copper price of $4.00 per pound and exchange rates of
US$/Cdn$1.00 and US$/A$1.00.
In addition to gold production, Kemess South is expected to produce approximately 5.3 million pounds of copper during the first quarter of 2011, prior to closure of the mine in February.
2011 Sensitivities
-------------------------------------------------------------------------
Impact
Operating Cash Flow Variable Change (US$ millions)
-------------------------------------------------------------------------
Gold Price $25 per ounce $5.5
US$/A$ Foreign Exchange Rate $0.05 $8.9
US$/Cdn$ Foreign Exchange Rate $0.05 $0.5
-------------------------------------------------------------------------
Impact
Cash Cost per Ounce Variable Change (US$ per ounce)
-------------------------------------------------------------------------
US$/A$ Foreign Exchange Rate $0.05 $40
US$/Cdn$ Foreign Exchange Rate $0.05 $5
-------------------------------------------------------------------------
-------------------------------------------------------------------------
2012 and 2013 Outlook
Estimated 2012 and 2013 gold production and cash costs are shown below:
-------------------------------------------------------------------------
2012 2013
Production Cash Cost Production Cash Cost
(ounces) ($/oz)(1) (ounces) ($/oz)(1)
-------------------------------------------------------------------------
Fosterville 96,000-100,000 $965-$995 92,000-98,000 $855-$910
Stawell 105,000-110,000 $630-$650 114,000-117,000 $655-$670
Young-Davidson 84,000-90,000 $580-$610 134,000-140,000 $420-$440
-------------------------------------------------------------------------
285,000-300,000 $725-$750 340,000-355,000 $615-$645
-------------------------------------------------------------------------
-------------------------------------------------------------------------
(1) Assuming exchange rates of US$/Cdn$1.00 and US$/A$1.00.
In addition to increased production in 2012 and 2013, the Young-Davidson mine will begin to transition to higher grade underground ore in 2014. As a result, the annual production at Young-Davidson will rise to approximately 175,000 ounces per year and to over 200,000 ounces annually in subsequent years.
Further Growth Opportunity - Kemess Underground
The current three year plan shows production from three mines: the Fosterville and Stawell Gold mines in Australia and the Young-Davidson mine in Canada. In addition, Northgate is currently updating its resource estimate for the Kemess Underground Project, which is expected for completion in the first quarter of 2011. A budget of $1.4 million has been allocated in 2011 for feasibility work, using the new resource estimate, to determine the potential for an underground mine at Kemess, which could come into production as early as 2014 and contribute to Northgate's growing production profile and further reduce the Corporation's average net cash cost of production.
Projected 2011 Mine Production
Fosterville Gold Mine
-------------------------------------------------------------------------
Ore mined (tonnes) 810,000
Ore milled (tonnes) 810,000
Ore milled per day (tonnes) 2,200
Gold grade (g/t) 4.45
Gold recovery (%) 84
Gold production (ounces)(1) 97,000 - 102,000
Net cash cost ($/ounce)(2) 885 - 930
-------------------------------------------------------------------------
-------------------------------------------------------------------------
(1) 2011 production forecast includes approximately 1,400 ounces from the
carbon-in-leach (CIL) tails retreat.
(2) Assuming an exchange rate US$/A$1.00.
In 2011, the Fosterville mine plan calls for the mill to process approximately 810,000 tonnes of ore. Mill head grades are expected to average 4.45 grams per tonne (g/t) and gold recovery is estimated at an average of 84%. Production in 2011 is forecast to be in the range of 97,000 - 102,000 ounces of gold, with quarterly gold output relatively consistent throughout the year in the range of 23,500 - 26,500 ounces.
Mine production will come primarily from the heart of the main Phoenix orebody with the remaining production from the Ellesmere and the recently-developed Harrier Underground orebodies. In addition, approximately 100,000 tonnes of oxide ore at a grade of 2.48 g/t will be sourced from the Harrier and John's open pits. Unit operating costs are forecast to total A$111 per tonne milled, consisting of underground mining costs of A$71 per tonne mined, milling costs of A$33 per tonne milled and general and administrative (G&A) costs of A$10 per tonne milled. Open pit mining costs are estimated at A$5.80 per tonne of ore and waste mined and the pits have an average stripping ratio of 7:1.
Northgate will continue to develop the infrastructure for the Harrier orebody in 2011. Substantial progress was made in 2010 as the development decline exceeded plan for the year. By the end of last year, the main Harrier vent rise was completed, which will help establish primary ventilation and secondary access for the Harrier orebody in the first half of 2011 in preparation for production mining by mid-year. In addition, surface mining will recommence with planned pit expansions on the previously mined Harrier and John's pits, which previously produced approximately 25,000 ounces of gold.
Capital expenditures at Fosterville are forecast to total $10.8 million, which is lower than last year's forecast of $12.5 million. Capital expenditures in 2011 include $9.0 million for new mobile equipment and $1.4 million for mine infrastructure. Mine development capital and resource definition drilling expenditures are forecast to be $27.3 million. Approximately 80% of mine development capital will be allocated to the Harrier Underground development, with the balance primarily allocated to the ongoing development of the Phoenix orebody.
Stawell Gold Mine
-------------------------------------------------------------------------
Ore mined (tonnes) 835,000
Ore milled (tonnes) 845,000
Ore milled per day (tonnes) 2,300
Gold grade (g/t) 3.75
Gold recovery (%) 88
Gold production (ounces) 86,000 - 91,000
Net cash cost ($/ounce)(1) 800 - 850
-------------------------------------------------------------------------
-------------------------------------------------------------------------
(1) Assuming an exchange rate US$/A$1.00.
In 2011, the Stawell mine plan calls for approximately 845,000 tonnes to be milled at an average grade of 3.75 g/t, with gold recovery forecast to be 88%. Total gold production is forecast to be in the range of 86,000 - 91,000 ounces. The quarterly gold output will steadily increase over the year: production in the first quarter of 2011 is forecast to be 18,000 ounces, increasing to 27,000 ounces by the fourth quarter, which will result in steadily decreasing cash costs over the year. Ramp up of production is expected to continue in the years 2012 - 2013, with production forecast to be in the range of 105,000 - 117,000 ounces, as ore will be increasingly sourced from the higher-grade GG6 zone.
In 2011, ore for the mill will be sourced from the GG2, GG3, C7/U3 and GG6 zones. In addition, approximately 85,000 tonnes of oxide ore at a grade of 1.95 g/t will be sourced from the Wonga pit. Unit operating costs are forecast to total A$86 per tonne milled, consisting of underground mining costs of A$60 per tonne mined, milling costs of A$22 per tonne milled and G&A costs of A$9 per tonne milled. Open pit mining costs are estimated at $7.11 per tonne of ore and waste mined and the pit has an average stripping ratio of 2:1.
Mine production for 2011 will come primarily from the C7/U3 zones and we will continue to establish the infrastructure for the GG6 zone, which started production in the last quarter of 2010. Surface mining will also recommence in 2011 with the expansion of the previously mined Wonga pit.
Capital expenditures at Stawell are forecast to total $12.7 million, a significant decrease from the forecast of $15.6 million in the previous year. Capital expenditures in 2011 include $10.7 million for new mining equipment and $1.2 million for structural refurbishment of the crusher and flotation circuit in the mill. Mine development capital and resource definition drilling costs are forecast to be $26.2 million, primarily related to the C7/U3, GG2, GG3 GG6 and North Magdala extensions reserve blocks, which will support production in 2011 and beyond.
Kemess South Mine
-------------------------------------------------------------------------
Ore milled (tonnes) 2,619,000
Ore milled per day (tonnes) 44,000
Gold production (ounces) 12,000
Copper production (thousands pounds) 5,300
Net cash cost ($/ounce)(1) 285
-------------------------------------------------------------------------
-------------------------------------------------------------------------
(1) Assuming an exchange rate US$/Cdn$1.00.
The Kemess South mine is expected to operate until February 2011. Production will be sourced from previously mined and stockpiled ore. 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. There are no capital expenditures planned in 2011.
2011 Exploration Program
Northgate's 2011 exploration program will primarily be devoted to following up on a number of exciting discoveries identified in 2010 and we are pleased to announce an aggressive $14.5 million exploration program in 2011, including:
- $2.0 million at Young-Davidson to drill outside the known resource
area.
- $3.8 million at Fosterville for resource conversion and infill
drilling primarily in the Phoenix Extension and Footwall zones and
investigative drilling of other targets on the mining lease.
- $7.7 million at Stawell for drill programs totalling 24,000 (m)
focusing on mining lease and near-mine exploration targets.
Exploration at Young-Davidson
In 2011, the exploration spending for Young-Davidson is budgeted at $2.0 million for a 12,000 m diamond drill program utilizing two surface drills. The main focus of the drill program will be on the syenite-hosted gold mineralization in the YD West zone discovered in hole 198, which returned one of the best holes on the property at 3.46 g/t over 79.5 m. Since the discovery of the YD West zone, two diamond drills have been on the property to test the size of this zone and more recent drilling has focused in closer proximity to hole 198.
Results of two holes are currently pending and are expected to be released shortly. One diamond drill will continue to concentrate in this zone in 2011 (see figure 1) with the focus on defining the extent of the resource with a drill density sufficient to allow for resource estimation.
Figure 1 - Young-Davidson Longitudinal Section (looking north)
www.northgateminerals.com/Theme/Northgate/files/Releases/011…
The Young-Davison orebody remains open in all directions. Geophysical surveys consisting of induced-polarized (IP) gravity and airborne magnetics completed in 2010 have defined compelling drill targets on both the east and west flanks of the current deposit (see figure 2) and a single drill will be used to test these targets.
Figure 2 - Young-Davidson Property Geological Map with 2011 Drill Targets
www.northgateminerals.com/Theme/Northgate/files/Releases/011…
Fosterville Gold Mine
Exploration expenditures in 2011 are forecast to be $3.8 million for approximately 18,000 m of diamond drilling. The majority of work will focus on resource conversion targets below and along trend from the currently mined Phoenix deposit, the Footwall and Extension, and will follow up on the excellent drill results recently released, including 5.4 g/t gold over 24.9 m, 6.3 g/t over 23.3 m and 14.1 g/t over 4.7 m (see press release dated November 10, 2010). These results indicate the potential to add new reserves, increase ounces per vertical metre and extend the Phoenix zone another 150 m south along strike and down plunge.
In addition, resource definition and exploration drilling will continue from the Harrier decline, which has served as an excellent drill platform along the Fosterville Fault. Drill programs in 2010 included a number of similar targets and sufficient drilling was completed to initiate a resource estimate, which will be included in the 2010 year-end statement of reserves and resources.
A third exploration program will focus on the Harrington's Hill South pit, where exploration drilling will cover a strike length of approximately 650 m, extending from immediately south of the Harrier Pit to south of John's pit. Collectively, these pits have produced approximately 40,000 ounces of gold from oxide material and with an additional 19,000 ounces of gold from sulphide material mined from the Harrier pit. Both reverse circulation (RC) and diamond drilling methods will be used to target sulphide-hosted gold mineralization at depths suitable for an open pit environment.
Project scoping will also be initiated on the Pegasus structure, a separate gold bearing structure occurring east of the Ellesmere and Falcon open pits. Drilling on section 8550N in 2010 identified moderate widths and grades and future exploration will test along strike and down dip.
Investigative drilling will be initiated on the Peregrine Fault structure (Fosterville Splays drill program), which lies about 175 m below the Phoenix orebody. During 2010, drill intercepts on Section 6050 returned 3.2 g/t gold over 17.0 m, including 4.4 g/t over 8.0 m and 5.1 g/t over 3.0 m.
Investigative drilling will also target the Fosterville Fault - Phoenix Fault intersection where there is potential for gold mineralization, a location which has received little drilling in the deeper parts of the Phoenix orebody.
Figure 3 - Exploration Targets Shown on Longitudinal Projection of the Fosterville Gold Mine
www.northgateminerals.com/Theme/Northgate/files/Releases/011…
Stawell
At Stawell, exploration expenditures of $7.7 million are forecast in 2011 focusing mainly on three target areas on or immediately adjacent to the current mining lease. Two of these areas, the Wonga Dome and Northgate Gift, were discovered by diamond drilling during our "Big Fish" exploration campaign in 2010, having been postulated to exist based on geological/geophysical evidence and interpretation. The third target area, Golden Gift 6 Lower (GG6L), was discovered in 2009 while drilling off the GG6 deposit, which is now in its initial stages of production and development.
Drilling on the first of the "Big Fish" targets, the Wonga Dome, intersected several zones of gold bearing mineralization including 13.7 g/t over 5.45 m and 15.4 g/t over 2.5 m (see press release dated November 1, 2010). 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. In 2011, a total of 10,400 m of surface diamond drilling is planned and by the middle of the year, we hope to have enough information to evaluate whether mineralization in the area is sufficiently robust to support drifting across to the zone to complete resource definition drilling. Any reserves that may ultimately be delineated in this zone could be mined as early as 2013 as the area is reasonably close to our existing underground infrastructure.
Drilling will also take place from underground with a total 12,500 m planned. The majority of drilling will take place within two zones: the Northgate Gift and GG6L.
The Northgate Gift was discovered in 2010 (see press release dated August 31, 2010) when hole MD5696A intersected gold bearing intervals of 4.53 g/t gold over 1.8 m and 3.83 g/t over 3.6 m. The Northgate Gift is the fault offset extension of the Magdala/Golden Gift orebodies, which have combined to produce over two million ounces of gold on the property over the past 26 years. This target area is deeper and further from existing underground workings than the Wonga target area, but is believed to have much greater size potential. As illustrated on the accompanying diagram, the exploration program will consist of four parent holes, each with several daughter holes, and will take the entire year to complete.
The final component of our 2011 exploration program will focus on the GG6L zone, where several excellent intervals, including 24.0 g/t over 10.0 m and 13.2 g/t over 4.0 m, were returned in 2010. The GG6L mineralized zone extends over 200 m along strike and over 180 m in vertical height at present. Drilling in 2011 will focus on adding to high-grade reserves similar to the 6.3 g/t reserve grade found within the GG6 zone.
Also within GG6L, the discovery of a potentially significant waterloo zone further east of the main basalt contact provides another high-grade area to focus on. Potential for increasing the size of GG6L zone is promising. Multiple ore surfaces in the GG6L zone and extensions at depth, as well as the identification of the waterloo zone, all present excellent opportunities for additional ounces to be discovered in this zone.
In addition to these drill programs, the mine geology group at Stawell will also be focusing on grade control and resource definition programs focusing on converting resources to reserves.
Figure 4 - Exploration Targets Shown on Longitudinal Projection of the Stawell Gold Mine
www.northgateminerals.com/Theme/Northgate/files/Releases/011…
Awakening Project, Nevada
The Awakening project has a budget of $0.8 million to drill test a number of coincident geological/geophysical/geochemical targets defined by the 2010 geophysical program and the compilation data provided by the partner Nevada Exploration Inc. Subject to availability of drill rigs, a 4,000 m drill program is expected be initiated in the first quarter, with one to two drill rigs on the property.
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).
For further information: Ms. Keren R. Yun, Director, Investor Relations, Tel: 416-216-2781, Email: ngx@northgateminerals.com, Website: www.northgateminerals.com
Dies ist sozusagen der Extrakt aus der gestrigen News.
Northgate Minerals Corp. gibt Produktionsplanung für die Jahre 2011 - 2013 bekannt
Northgate Minerals Corporation hat jüngst die Produktionsplanung für die Jahres 2011 - 2013 veröffentlicht. Das Unternehmen rechnet mit einem Zuwachs der Produktion und einem Rückgang der Cashkosten.
Im Jahr 2011 erwartet Northgate Minerals von Fosterville, Stawell und Kemess South eine Produktion von insgesamt 195.000 - 205.000 oz Gold zu Cashkosten von 810 - 855 USD/oz.
Im Jahr 2012 rechnet das Unternehmen von Fosterville, Stawell und Young-Davidson mit einer Produktion von insgesamt 285.000 - 300.000 oz Gold zu Cashkosten von 725 - 750 USD/oz.
Im Jahr 2013 erwartet Northgate von Fosterville, Stawell und Young-Davidson eine Produktion von insgesamt 340.000 - 355.000 oz Gold zu Cashkosten von 615 - 645 USD/oz.
http://www.minenportal.de/artikel.php?sid=13026
Northgate Minerals Corp. gibt Produktionsplanung für die Jahre 2011 - 2013 bekannt
Northgate Minerals Corporation hat jüngst die Produktionsplanung für die Jahres 2011 - 2013 veröffentlicht. Das Unternehmen rechnet mit einem Zuwachs der Produktion und einem Rückgang der Cashkosten.
Im Jahr 2011 erwartet Northgate Minerals von Fosterville, Stawell und Kemess South eine Produktion von insgesamt 195.000 - 205.000 oz Gold zu Cashkosten von 810 - 855 USD/oz.
Im Jahr 2012 rechnet das Unternehmen von Fosterville, Stawell und Young-Davidson mit einer Produktion von insgesamt 285.000 - 300.000 oz Gold zu Cashkosten von 725 - 750 USD/oz.
Im Jahr 2013 erwartet Northgate von Fosterville, Stawell und Young-Davidson eine Produktion von insgesamt 340.000 - 355.000 oz Gold zu Cashkosten von 615 - 645 USD/oz.
http://www.minenportal.de/artikel.php?sid=13026
Northgate Minerals Corp. - seit Monaten ohne klaren Impuls
Glücklicherweise (aus Bullensicht) konnte die Aktie des kanadischen Minenunternehmens Northgate Minerals Corp. die Tendenz der Analyse vom 2. November nicht fortsetzen. Vielmehr gelang es der Aktie neue Kurstiefs zu vermeiden und stattdessen den ausgebildeten Abwärtstrend zu durchbrechen. Doch wie gewonnen so zerronnen - im Anschluss an diesen Bruch fehlten, wie überdies schon seit Monaten, klare Trendimpulse.
Was sich dennoch ableiten lässt, soll im nachfolgenden Fazit analysiert werden.
Quelle Charts: StockCharts.com
Fazit:
Quelle Charts: Tradesignal Web Edition
Sehr anschaulich verdeutlichen die zwei sehr nahe am Kurs liegenden gleitenden Durchschnitte (SMA 55 - aktuell bei exakt 3,00 USD und SMA 200 aktuell bei 3,02 USD) die derzeit trendlose Phase der Northgate Aktie. Dementsprechend bleibt nichts anderes als eben auf den Beginn einer Trendphase zu warten. Folglich muss man sich an den charttechnischen Eckpunkten, in diesem Fall markante Hochs und Tiefs, orientieren.
Hierbei ist im oberen Widerstandsbereich das Kurslevel von 3,20 USD und im unteren Unterstützungsbereich das Kurslevel von 2,80 USD zu nennen. Oberhalb von 3,20 USD generiert sich weitere Aufwärtspotenzial bis 3,54 USD und dem folgend rund 4,00 USD. Hingegen unterhalb von 2,80 USD mit weiteren Abschlägen bis in den Bereich von 2,10 bis 2,45 USD zu rechnen ist.
Quelle Charts: Tradesignal Web Edition
Long Szenario:
Es bleibt bei einer Stabilisierung über 2,90 USD und in Folge dessen sollte sich die Aktie aus der mehrmonatigen Range lösen können und zu den Niveaus bis 3,20 USD und dem folgend 3,54 USD anziehen. Darüber hinaus werden weitere Aufschlägen bis rund 4,00 USD möglich. Oberhalb der 4,00 USD-Marke rücken die Allzeithochs vom März 2006 bei 4,80 USD auf die Agenda.
Short Szenario:
Die scheinbare Stabilisierung über 2,90 USD gelingt der Northgate Aktie nicht und somit wird in diesem Kontext bei Schlusskursen unter 2,80 USD weiteres Abwärtspotenzial bis 2,50 und dem folgend bis in den Bereich von 2,10 bis 2,45 USD generiert. Die Bären haben somit das Ruder fest in der Hand und selbst eine Korrekturausdehnung bis etwas 1,27 USD kann nicht gänzlich ausgeschlossen werden.
© Christian Kämmerer
Technischer Analyst bei BörseGo/GodmodeTrader und exklusiv für das Portal GoldSeiten tätig
Glücklicherweise (aus Bullensicht) konnte die Aktie des kanadischen Minenunternehmens Northgate Minerals Corp. die Tendenz der Analyse vom 2. November nicht fortsetzen. Vielmehr gelang es der Aktie neue Kurstiefs zu vermeiden und stattdessen den ausgebildeten Abwärtstrend zu durchbrechen. Doch wie gewonnen so zerronnen - im Anschluss an diesen Bruch fehlten, wie überdies schon seit Monaten, klare Trendimpulse.
Was sich dennoch ableiten lässt, soll im nachfolgenden Fazit analysiert werden.
Quelle Charts: StockCharts.com
Fazit:
Quelle Charts: Tradesignal Web Edition
Sehr anschaulich verdeutlichen die zwei sehr nahe am Kurs liegenden gleitenden Durchschnitte (SMA 55 - aktuell bei exakt 3,00 USD und SMA 200 aktuell bei 3,02 USD) die derzeit trendlose Phase der Northgate Aktie. Dementsprechend bleibt nichts anderes als eben auf den Beginn einer Trendphase zu warten. Folglich muss man sich an den charttechnischen Eckpunkten, in diesem Fall markante Hochs und Tiefs, orientieren.
Hierbei ist im oberen Widerstandsbereich das Kurslevel von 3,20 USD und im unteren Unterstützungsbereich das Kurslevel von 2,80 USD zu nennen. Oberhalb von 3,20 USD generiert sich weitere Aufwärtspotenzial bis 3,54 USD und dem folgend rund 4,00 USD. Hingegen unterhalb von 2,80 USD mit weiteren Abschlägen bis in den Bereich von 2,10 bis 2,45 USD zu rechnen ist.
Quelle Charts: Tradesignal Web Edition
Long Szenario:
Es bleibt bei einer Stabilisierung über 2,90 USD und in Folge dessen sollte sich die Aktie aus der mehrmonatigen Range lösen können und zu den Niveaus bis 3,20 USD und dem folgend 3,54 USD anziehen. Darüber hinaus werden weitere Aufschlägen bis rund 4,00 USD möglich. Oberhalb der 4,00 USD-Marke rücken die Allzeithochs vom März 2006 bei 4,80 USD auf die Agenda.
Short Szenario:
Die scheinbare Stabilisierung über 2,90 USD gelingt der Northgate Aktie nicht und somit wird in diesem Kontext bei Schlusskursen unter 2,80 USD weiteres Abwärtspotenzial bis 2,50 und dem folgend bis in den Bereich von 2,10 bis 2,45 USD generiert. Die Bären haben somit das Ruder fest in der Hand und selbst eine Korrekturausdehnung bis etwas 1,27 USD kann nicht gänzlich ausgeschlossen werden.
© Christian Kämmerer
Technischer Analyst bei BörseGo/GodmodeTrader und exklusiv für das Portal GoldSeiten tätig
Drilling at Northgate Minerals' Young-Davidson Project Confirms Significant Resource Potential of the YD West Zone
Hole YD10-198A returns 6.16 grams per tonne gold over 21.3 metres
VANCOUVER, Jan. 11 /CNW/ -
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) is pleased to report that follow-up drilling on the YD West zone, located at the Young-Davidson Project in northern Ontario, has confirmed continuity and expansion of the zone as two follow-up holes have intersected higher grade mineralization. The YD West zone was discovered when hole YD10-198 intersected 3.46 grams per tonne ("g/t") gold over 79.5 metres ("m") earlier in 2010.
Drill Highlights
- Hole YD10-198A: located approximately 60 m west and below discovery
hole YD10-198, returned 6.16 g/t uncut over 21.3 m (estimated 14.2 m
true thickness).
- Hole YD10-234: located approximately 50 m east and slightly below
hole YD10-198, returned 4.37 g/t over 17.8 m (estimated 9.5 m true
thickness). A part of the zone in this hole was cut off by a post-
mineral diabase dyke.
- These two holes have returned higher grades than the average resource
grade at Young-Davidson and confirm the fault offset model relating
the YD West zone to the main Young-Davidson deposit.
- A US$2 million exploration budget has been allocated in 2011 to
complete a 12,000 m diamond drill program, a significant portion of
which will focus on defining resources within the YD West zone.
"With the receipt of these positive assay results, the 2010 exploration program at Young-Davidson has ended on a high note," commented Ken Stowe, President and CEO. "Our priority now is to focus on defining the zone's gold resources. Equally as important, the Young-Davidson deposit also remains open down dip and to the east and there is always potential for further discovery as we drill other prospective targets on the property. This ongoing exploration program is expected to have a positive impact on the annual production profile once underground mining commences in 2014."
2011 Diamond Drill Program
Following up on the success of the 2010 exploration program on the YD West zone, Northgate will expedite a diamond drill program in 2011 focusing on resource definition. Approximately 10,000 m of drilling is planned to extend the YD West zone and delineate additional resources. With the current data, the zone appears to have a minimum strike length of approximately 200 m, measures 175 m along dip and averages 20 m in true thickness.
The long section and level plan below illustrates the location of holes 198, 198A and 234 in relation to the existing Young-Davidson reserves.
Other holes drilled in 2010, located closer to surface and west of the main Young-Davidson deposit, are also shown on the long section and intersected either low-grade intervals or failed to reach target depth as a result of drilling complications. A list of all assay results from the 2010 YD West zone drill program is shown in Table 2.
Figure 1 - Young-Davidson Longitudinal Section (looking north)
www.northgateminerals.com/Theme/Northgate/files/Releases/011…
Figure 2 - 9200 Level Plan
www.northgateminerals.com/Theme/Northgate/files/Releases/011…
Figure 2 presents a level plan (horizontal slice) of the property's geology immediately west of the currently defined reserves (at 9200m elevation), which terminated against the diabase dyke (shown in brown) that was the arbitrary western limit of the present reserves. However, drill holes 198, 198A and 234 have now confirmed that there is a continuous gold bearing horizon west of the dyke.
Table 1: Assay Results from Hole YD10-198A and 234
-------------------------------------------------------------------------
True
Interval Thickness Gold Cut
Hole ID From (m) To (m) (m) (m) 20 g/t
-------------------------------------------------------------------------
YD10-198A 1333.7 1355.0 21.3 14.2 5.32(*)
-------------------------------------------------------------------------
YD10-234 1216.9 1234.7 17.8 9.5 4.37
-------------------------------------------------------------------------
incl 1217.8 1226.1 8.3 4.4 6.82
-------------------------------------------------------------------------
(*) Uncut values for YD10-198A are 6.16 g/t over 21.3 m.
Further Growth Potential at Young-Davidson
The Young-Davison deposit remains open in three directions: to the west, east and down dip. In 2010, geophysical surveys consisting of various forms of induced polarization ("IP"), gravity and airborne magnetics were completed over select portions of the claim group. The results of these surveys have indicated high ranking drill targets on the east and west flanks of the currently known deposit. As discussed in Northgate's press release dated January 10, 2011, two surface diamond drills will operate on the property this year with one drill focusing on resource definition at the YD West zone. A second drill will test the new geophysical and conceptual targets; mostly further along trend east and west of the Young-Davidson deposit. Figure 3 shown below illustrates the location of the YD West zone and the other targets, all with potential to add further resource ounces on the property. In detail, Figure 3 presents an isometric view of the Young-Davidson deposit and historic workings with IP pseudo-sections and the gravity anomaly trend. In general, higher IP chargeability with a co-incident gravity anomaly is associated with gold mineralization in the deposit area. These are the type of anomalies that will be tested on the east and west flanks of the Young-Davidson deposit in 2011.
Figure 3 - 2011 Surface Diamond Drill Areas
www.northgateminerals.com/Theme/Northgate/files/Releases/011…
Table 2: Assay Results from 2010 YD West Zone Drill Program -------------------------------------------------------------------------
True
Interval Thickness Gold Cut
Hole ID From (m) To (m) (m) (m) 20 g/t
-------------------------------------------------------------------------
YD10-198A 1333.7 1355.0 21.3 14.2 5.32(*)
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-234 1216.9 1234.7 17.8 9.5 4.37
-------------------------------------------------------------------------
incl 1217.8 1226.1 8.3 4.4 6.82
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-90X Did not reach target
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-226A 1097.3 1134.0 36.7 24.6 0.74
-------------------------------------------------------------------------
incl 1115.1 1125.5 10.4 6.9 1.19
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-227A 191.5 198.2 6.7 4.4 0.67
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-228 76.0 82.5 6.5 4.2 0.99
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-229 No significant values
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-230 No significant values
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-232 368.5 374.5 6.0 4.0 0.46
-------------------------------------------------------------------------
398.0 412.5 14.5 9.7 0.33
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-233 No significant values
-------------------------------------------------------------------------
(*) Uncut values for YD10-198A are 6.16 g/t over 21.3 m.
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" 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 . . . .
Hole YD10-198A returns 6.16 grams per tonne gold over 21.3 metres
VANCOUVER, Jan. 11 /CNW/ -
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) is pleased to report that follow-up drilling on the YD West zone, located at the Young-Davidson Project in northern Ontario, has confirmed continuity and expansion of the zone as two follow-up holes have intersected higher grade mineralization. The YD West zone was discovered when hole YD10-198 intersected 3.46 grams per tonne ("g/t") gold over 79.5 metres ("m") earlier in 2010.
Drill Highlights
- Hole YD10-198A: located approximately 60 m west and below discovery
hole YD10-198, returned 6.16 g/t uncut over 21.3 m (estimated 14.2 m
true thickness).
- Hole YD10-234: located approximately 50 m east and slightly below
hole YD10-198, returned 4.37 g/t over 17.8 m (estimated 9.5 m true
thickness). A part of the zone in this hole was cut off by a post-
mineral diabase dyke.
- These two holes have returned higher grades than the average resource
grade at Young-Davidson and confirm the fault offset model relating
the YD West zone to the main Young-Davidson deposit.
- A US$2 million exploration budget has been allocated in 2011 to
complete a 12,000 m diamond drill program, a significant portion of
which will focus on defining resources within the YD West zone.
"With the receipt of these positive assay results, the 2010 exploration program at Young-Davidson has ended on a high note," commented Ken Stowe, President and CEO. "Our priority now is to focus on defining the zone's gold resources. Equally as important, the Young-Davidson deposit also remains open down dip and to the east and there is always potential for further discovery as we drill other prospective targets on the property. This ongoing exploration program is expected to have a positive impact on the annual production profile once underground mining commences in 2014."
2011 Diamond Drill Program
Following up on the success of the 2010 exploration program on the YD West zone, Northgate will expedite a diamond drill program in 2011 focusing on resource definition. Approximately 10,000 m of drilling is planned to extend the YD West zone and delineate additional resources. With the current data, the zone appears to have a minimum strike length of approximately 200 m, measures 175 m along dip and averages 20 m in true thickness.
The long section and level plan below illustrates the location of holes 198, 198A and 234 in relation to the existing Young-Davidson reserves.
Other holes drilled in 2010, located closer to surface and west of the main Young-Davidson deposit, are also shown on the long section and intersected either low-grade intervals or failed to reach target depth as a result of drilling complications. A list of all assay results from the 2010 YD West zone drill program is shown in Table 2.
Figure 1 - Young-Davidson Longitudinal Section (looking north)
www.northgateminerals.com/Theme/Northgate/files/Releases/011…
Figure 2 - 9200 Level Plan
www.northgateminerals.com/Theme/Northgate/files/Releases/011…
Figure 2 presents a level plan (horizontal slice) of the property's geology immediately west of the currently defined reserves (at 9200m elevation), which terminated against the diabase dyke (shown in brown) that was the arbitrary western limit of the present reserves. However, drill holes 198, 198A and 234 have now confirmed that there is a continuous gold bearing horizon west of the dyke.
Table 1: Assay Results from Hole YD10-198A and 234
-------------------------------------------------------------------------
True
Interval Thickness Gold Cut
Hole ID From (m) To (m) (m) (m) 20 g/t
-------------------------------------------------------------------------
YD10-198A 1333.7 1355.0 21.3 14.2 5.32(*)
-------------------------------------------------------------------------
YD10-234 1216.9 1234.7 17.8 9.5 4.37
-------------------------------------------------------------------------
incl 1217.8 1226.1 8.3 4.4 6.82
-------------------------------------------------------------------------
(*) Uncut values for YD10-198A are 6.16 g/t over 21.3 m.
Further Growth Potential at Young-Davidson
The Young-Davison deposit remains open in three directions: to the west, east and down dip. In 2010, geophysical surveys consisting of various forms of induced polarization ("IP"), gravity and airborne magnetics were completed over select portions of the claim group. The results of these surveys have indicated high ranking drill targets on the east and west flanks of the currently known deposit. As discussed in Northgate's press release dated January 10, 2011, two surface diamond drills will operate on the property this year with one drill focusing on resource definition at the YD West zone. A second drill will test the new geophysical and conceptual targets; mostly further along trend east and west of the Young-Davidson deposit. Figure 3 shown below illustrates the location of the YD West zone and the other targets, all with potential to add further resource ounces on the property. In detail, Figure 3 presents an isometric view of the Young-Davidson deposit and historic workings with IP pseudo-sections and the gravity anomaly trend. In general, higher IP chargeability with a co-incident gravity anomaly is associated with gold mineralization in the deposit area. These are the type of anomalies that will be tested on the east and west flanks of the Young-Davidson deposit in 2011.
Figure 3 - 2011 Surface Diamond Drill Areas
www.northgateminerals.com/Theme/Northgate/files/Releases/011…
Table 2: Assay Results from 2010 YD West Zone Drill Program -------------------------------------------------------------------------
True
Interval Thickness Gold Cut
Hole ID From (m) To (m) (m) (m) 20 g/t
-------------------------------------------------------------------------
YD10-198A 1333.7 1355.0 21.3 14.2 5.32(*)
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-234 1216.9 1234.7 17.8 9.5 4.37
-------------------------------------------------------------------------
incl 1217.8 1226.1 8.3 4.4 6.82
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-90X Did not reach target
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-226A 1097.3 1134.0 36.7 24.6 0.74
-------------------------------------------------------------------------
incl 1115.1 1125.5 10.4 6.9 1.19
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-227A 191.5 198.2 6.7 4.4 0.67
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-228 76.0 82.5 6.5 4.2 0.99
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-229 No significant values
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-230 No significant values
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-232 368.5 374.5 6.0 4.0 0.46
-------------------------------------------------------------------------
398.0 412.5 14.5 9.7 0.33
-------------------------------------------------------------------------
-------------------------------------------------------------------------
YD10-233 No significant values
-------------------------------------------------------------------------
(*) Uncut values for YD10-198A are 6.16 g/t over 21.3 m.
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" 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 . . . .
Northgate Minerals Reports 2010 Gold Production of 272,712 Ounces
Gold Sales of 70,145 Ounces in Q4
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
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
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:
This Northgate press release contains "forward-looking information", as such term . . . . .
Aus der News vom 14.1.2011 die mich erreichte.
Wenn es auch im Moment etwas runter geht, aber ab 2013 wird es auch wieder in andere, zumeist höheren Kursen gehen. M.M.
Gold Sales of 70,145 Ounces in Q4
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
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
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:
This Northgate press release contains "forward-looking information", as such term . . . . .
Aus der News vom 14.1.2011 die mich erreichte.
Wenn es auch im Moment etwas runter geht, aber ab 2013 wird es auch wieder in andere, zumeist höheren Kursen gehen. M.M.
Die ganz neue Präsentation vom 1.2.2011:
http://www.northgateminerals.com/Theme/Northgate/files/pdf/p…
http://www.northgateminerals.com/Theme/Northgate/files/pdf/p…
Northgate eyes Kemess North’s
underground potential
By Rob Robertson
After 12 years of profitable operation, Northgate Minerals’ (ngx-t, nxg-x)Kemess South gold-copper mine in northcentral British Columbia is shutting down.
The large-scale open-pit mine will cease operating in February after orereserves
have been depleted. The 52,000-tonne-per-day mine will be mothballed and put on care and maintenance. Northgate plans to take out one of the grinding ball mills and use it in the new Young-Davidson gold mine that the company is currently building in Ontario.
Located 430 km northwest of Prince George, the Kemess South mine has produced about 3 million oz. gold and 700 million lbs. copper since Northgate acquired the mine out of receivership in 2000 for US$180 million.
“Our cash flow from the operation in the ten years we have owned it is close to
US$1 billion for something we acquired for US$180 million, so it has been a very,
very large success. A very well run operation and very low cash costs,” said Ken Stowe, Northgate’s president and CEO, during a recent presentation at the Scotia Capital mining conference.
But there may be a light at the end of the tunnel for the 350 full-time employees who will soon be out of work. In 2010, Northgate dusted off the Kemess North project, which is 5 km from the Kemess South mine site, and began investigating the merits of tapping into the existing resource from underground.
Home to a measured and indicated resource of 719 million tonnes grading 0.3 gram gold per tonne and 0.15% copper, Kemess North was written off by Northgate
at the end of 2007 after the federal government rejected its application to build an open-pit mine. The main stumbling block to Northgate’s previous development plan for Kemess North was the disposal of mine tailings.
The only proposed option . . . .
http://www.northgateminerals.com/Theme/Northgate/files/media…
underground potential
By Rob Robertson
After 12 years of profitable operation, Northgate Minerals’ (ngx-t, nxg-x)Kemess South gold-copper mine in northcentral British Columbia is shutting down.
The large-scale open-pit mine will cease operating in February after orereserves
have been depleted. The 52,000-tonne-per-day mine will be mothballed and put on care and maintenance. Northgate plans to take out one of the grinding ball mills and use it in the new Young-Davidson gold mine that the company is currently building in Ontario.
Located 430 km northwest of Prince George, the Kemess South mine has produced about 3 million oz. gold and 700 million lbs. copper since Northgate acquired the mine out of receivership in 2000 for US$180 million.
“Our cash flow from the operation in the ten years we have owned it is close to
US$1 billion for something we acquired for US$180 million, so it has been a very,
very large success. A very well run operation and very low cash costs,” said Ken Stowe, Northgate’s president and CEO, during a recent presentation at the Scotia Capital mining conference.
But there may be a light at the end of the tunnel for the 350 full-time employees who will soon be out of work. In 2010, Northgate dusted off the Kemess North project, which is 5 km from the Kemess South mine site, and began investigating the merits of tapping into the existing resource from underground.
Home to a measured and indicated resource of 719 million tonnes grading 0.3 gram gold per tonne and 0.15% copper, Kemess North was written off by Northgate
at the end of 2007 after the federal government rejected its application to build an open-pit mine. The main stumbling block to Northgate’s previous development plan for Kemess North was the disposal of mine tailings.
The only proposed option . . . .
http://www.northgateminerals.com/Theme/Northgate/files/media…
Die Zahlen für das 4. Quartal kommen am 8.März. Lange ist es ja bis dahin nicht mehr. 
Eine Überraschung ist immer drin.
Northgate Minerals Corporation has added a new press release to its web site. For full details please visit the Northgate web site at:
Northgate Minerals Corporation - Conference Call and Webcast Notice of Q4 Financial Results
VANCOUVER, Feb. 7 /CNW/ -
You are invited to participate in the Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) 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, 2011 at 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.
Eine Überraschung ist immer drin.
Northgate Minerals Corporation has added a new press release to its web site. For full details please visit the Northgate web site at:
Northgate Minerals Corporation - Conference Call and Webcast Notice of Q4 Financial Results
VANCOUVER, Feb. 7 /CNW/ -
You are invited to participate in the Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) 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, 2011 at 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.
wie bewertet ihr die huete veröffentlichten Explorationszahlen???
http://www.cnxmarketlink.com/en/releases/archive/February201…
http://www.cnxmarketlink.com/en/releases/archive/February201…
Mineral resources for Kemess North as at December 31, 2009 are shown below
Grades Contained Metals
Category Quantity---(tonnes) Gold---(gr/mt) Copper--(%) Gold--(ounces)--Copper--(000s-lbs)
--------------------------------------------------------------------------------
Measured-------------------451,139,000---0.31---0.16---4,453,000---1,563,000
Indicated--------------------268,051,000---0.29---0.13---2,486,000-----790,000
--------------------------------------------------------------------------------
Total Measured &
Indicated------------------719,190,000---0.30---0.15---6,939,000---2,353,000
--------------------------------------------------------------------------------
Mineral resources for Kemess North (mineral reserves now reclassified as mineral resources following the decision of the BC government to deny Northgate the requisite development permit) calculated at the time of the feasibility study: exchange rate Cdn$/US$1.40; gold price $375/oz; copper price $1.00/lb; and, silver price $5.00/oz. Resources for Kemess North, calculated at the time of the feasibility study: exchange rate Cdn$/US$1.40; gold price $425/oz; copper price $1.20/lb; and silver price $5.00/oz.
Dies sind die Daten, die laut der vorletzten Studie von der Mine Kemess North / Underground am 31.12.2009 gemeldet worden sind.
-----------------------------------------------------------------------------
Und heute hat sich das wie folgt verschoben:
Einige Auszüge aus dieser News stelle ich hier gesondert rein.
Highlights vom 15.2.2011
<<
- 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 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---$21.72
------------------------------------------------------------------------
------------------------------------------------------------------------
------Inferred
-------Cut-Of------Tonnes----Au------Cu-------Ag-----Gold*---Copper---NSR(xx)
-----(Cdn$/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
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.
Die weiteren Erkenntnisse gibt es hier unter diesem Link:
http://www.northgateminerals.com/news-and-media/press-releas…
Wenn dann im Herbst 2011 die wirtschaftliche Beurteilungs-Studie für diese Underground-Mine veröffentlicht wird, geht es mit Northgate auch wieder zu höheren Kursen, zumindest ist das meine Meinung.
Klar, es kann ganz anders kommen wenn die Studie anders ausfällt als wie erhofft nach den jetzt vorliegenden Zahlen.
Ich sehe das allerdings positiv !!!!
So was nennt man entweder "Schwein gehabt" oder aber "Was lange dauert wird endlich gut".
Da wartet NXG ca 3 1(2 Jahre und erhält ca. 60 % seines, bei den Lehmann Brothers, angelegtes Geld wieder zurück.
Hätte nicht gedacht, das es zu dieser Endlösung mit der Bank kommt. Aber Lehmann Brothers ist tot und das angelegte Geld wurde teilweise von der Barclays plc Bank wieder zurück gezahlt.
So sind halt nur ca. 32 Mill. $ in den Sand gesetzt worden. Ist schon #ne Menge, aber ca. 72 Milll. $ ist doch nocj eine andere Haus-Nummer.
Northgate Minerals Sells Auction Rate Securities
Feb. 28, 2011 (PR Newswire) -- (All figures in US dollars)
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) today reported the sale of its entire portfolio of auction rate securities ("ARS") for total consideration of approximately $40.9 million. Northgate had previously estimated the fair market value of its ARS at approximately $36.6 million. The proceeds from the sale were used to repay, in full, the outstanding balance of the loan, originally made by Lehman Brothers Inc., 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 Brothers.
"We are very pleased to have sold our ARS investments at a price that has allowed us to repay the loan in full and to further strengthen our balance sheet" commented Ken Stowe, Northgate's President and Chief Executive Officer. "We waited patiently for three and half years for liquidity to be restored to these investments so that we could secure a return that we felt reflected their underlying value. With this uncertainty removed, we will have greater flexibility to execute our strategic objectives as we continue to build towards a stronger future for Northgate."
For complete disclosure on Northgate's ARS holdings, refer to the Corporation's 2009 Annual Report, which can be found on Northgate's website at www.northgateminerals.com.
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.
Da wartet NXG ca 3 1(2 Jahre und erhält ca. 60 % seines, bei den Lehmann Brothers, angelegtes Geld wieder zurück.
Hätte nicht gedacht, das es zu dieser Endlösung mit der Bank kommt. Aber Lehmann Brothers ist tot und das angelegte Geld wurde teilweise von der Barclays plc Bank wieder zurück gezahlt.
So sind halt nur ca. 32 Mill. $ in den Sand gesetzt worden. Ist schon #ne Menge, aber ca. 72 Milll. $ ist doch nocj eine andere Haus-Nummer.
Northgate Minerals Sells Auction Rate Securities
Feb. 28, 2011 (PR Newswire) -- (All figures in US dollars)
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) today reported the sale of its entire portfolio of auction rate securities ("ARS") for total consideration of approximately $40.9 million. Northgate had previously estimated the fair market value of its ARS at approximately $36.6 million. The proceeds from the sale were used to repay, in full, the outstanding balance of the loan, originally made by Lehman Brothers Inc., 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 Brothers.
"We are very pleased to have sold our ARS investments at a price that has allowed us to repay the loan in full and to further strengthen our balance sheet" commented Ken Stowe, Northgate's President and Chief Executive Officer. "We waited patiently for three and half years for liquidity to be restored to these investments so that we could secure a return that we felt reflected their underlying value. With this uncertainty removed, we will have greater flexibility to execute our strategic objectives as we continue to build towards a stronger future for Northgate."
For complete disclosure on Northgate's ARS holdings, refer to the Corporation's 2009 Annual Report, which can be found on Northgate's website at www.northgateminerals.com.
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.
Den Link veressen, hier reiche ich ihn nach:
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…
http://app.quotemedia.com/quotetools/newsStoryPopup.go?story…
Noch profitiert NXG von seinen Kupferförderungen die sie aus der Kemess-South-Mine INBC herausholen. Immerhin sollen das, laut den Erwartungen, mehr als 10 Mill Pound für das 4. Quart. 2010 sein.
Da diese Mine in diesem Jahr allerdings aufgegeben werden soll, kommt es erfreulicherweise im nächsten Jahr auf der Underground-Mine Kemess-North zu weiteren Kupfer-Förderungen. Da die Kupfer-Preise z. Zt sehr hoch sind werden sie wohl im nächsten Jahr noch einen weiteren Sprung nach oben machen. Dieses würde dann die hohen Förderkosten für die gesamten Goldouncen nach unten drücken, schön wäre das natürlich.
Morgen meldet NXG seine Zahlen für das 4. Quart. 2010, ob wir es dann schon sehen werden, dass der höhere Kupferpreis seinen Schatten voraus wirft und NXG zu guten Zahlen verhelfen wird ?
Kupfer und anderer Industriemetalle werden weiterhin knapp bleiben
21.02.2011 11:00 Uhr
von Dr. Bernd Heim
Der Kupferpreis erklimmt immer neue Hochs und viele Investoren fragen sich inzwischen, ob die Party weitergehen wird oder ob es nicht schon bald ein böses Erwachen geben könnte?
Kupfer und anderer Industriemetalle werden weiterhin knapp bleiben
Der Preis für Kupfer ist schon hoch und doch könnte er noch weiter steigen, denn die fundamentalen Gründe für die jüngste Preisexplosion bestehen fort. Im vergangenen Jahr stieg der Preis für das wichtige Industriemetall um 52%.
Die Stärke des Anstiegs beim Kupferpreis hat zwei Gründe: Zum einen war die Abwärtsbewegung während der Finanzkrise 2008 überzogen. Die Anleger verkauften ihre Kupferpositionen als gäbe es kein morgen mehr. Ausgehend von diesem unrealistisch niedrigen Niveau erscheinen die Anstiege der Jahre 2009 und 2010 nun natürlich besonders spektakulär.
Aber auch ohne den statistischen Basiseffekt ist nicht zu bestreiten, dass die Welt wieder mehr Kupfer braucht. Kupfer ist das Industriemetall, das besonders feinfühlig auf die Entwicklung der Weltwirtschaft reagiert, denn egal ob Auto, Flugzeug, Immobilie oder elektrischem Küchengerät:
Ohne Kupferkabel geht nichts und je mehr Kabel benötigt werden, desto schneller steigt auch der Kuupferverbrauch. So verwundert es nicht, dass Kupfer noch vor den anderen Industriemetallen vom Wiederanziehen der Weltwirtschaft profitiert hat.
Der wachsenden Nachfrage steht jedoch ein Angebot gegenüber, das sich nicht so leicht und vor allem nicht kurzfristig erhöhen lässt. Minenschließungen, wie sie während der Finanzkrise reihenweise vorgenommen wurden, sind eine relativ schnelle Angelegenheit. Doch eine ehemalige Mine wieder in Produktion zu bringen dauert erheblich länger. Noch viel aufwendiger ist es, eine Mine komplett neu zu erschließen. Deshalb kann die Angebotsseite nur begrenzt und mit einem deutlichen Zeitverzug auf die Entwicklungen auf der Nachfrageseite reagieren.
Peak Copper
Dies bestätigte in der vergangenen Woche der drittgrößte Bergbaukonzern Rio Tinto. Das Management von Rio Tinto um CEO Tom Albanese geht davon aus, dass die Kupferpreise ungeachtet des schon erreichten hohen Niveaus prinzipiell weiter steigen werden.
Rio Tinto begründet seine Annahme mit der Einschätzung, dass die Nachfrage weiter wachsen werde und die Produzenten Mühe haben werden neue Kupferprojekte in Produktion zu bringen, um den Druck auf dem Kupfermarkt abzumildern.
Die meisten großen Kupferminen weltweit, auch jene von Rio Tinto, haben ihre besten Jahre hinter sich. Sie sind zwar noch nicht ganz erschöpft, aber die Kupfergehalte werden immer geringer und in den Gruben wird das Kupfer in immer tieferen Zonen gefördert. Niedrigere Gehalte bei höherer Tiefe bedeuten aber auch einen gewaltigen Druck auf die Margen.
Damit sinkt der Anreiz für die Betreiber die Minen zu modernisieren und auszubauen. In Anlehnung an die Theorie vom Peak Oil sprechen einige Experten deshalb auch bereits von einem Peak Copper, also einem Höhepunkt der weltweiten Kupferproduktion, der bald erreicht sein könnte.
Analysten sagen größeres Angebotsdefizit voraus
Ob es so kommen wird, ist in der Fachwelt noch umstritten. Recht einig sind sich die Experten jedoch in der Frage wie sich die Angebots-Nachfrage-Situation in 2011 entwickeln wird. Barclay Capitals beziffert das Angebotsdefizit für das laufende Jahr auf 822.000 Tonnen. Trifft diese Schätzung zu, so wäre das Defizit 2011 mehr als doppelt so groß wie das Defizit aus dem Jahr 2010.
Auch JP Morgan Securities und die australische Macquarie Bank rechnen mit einem Defizit für 2011. Morgan Stanley und die Australia & New Zealand Banking Group rechnen wie Rio Tinto Vorstand Albanese mit weiter steigenden Preisen.
Allerdings und darauf setzt die Branche im Moment ihre Hoffnungen: Je länger die Preise auf einem hohen Niveau verbleiben, desto mehr neues Angebot dürfte langfristig auf den Markt kommen.
Die Verbrauchstrends für die nächsten 15 bis 20 Jahre weisen klar den Weg zu einem deutlich höheren Verbrauch. Nicht nur beim Kupfer, auch bei anderen Rohstoffen wie Eisenerz oder Aluminium rechnet der Rio Tinto Vorstand mit einer Verdopplung der Nachfrage.
Wie Sie von diesem langfristigen Megatrend profitieren können, das erfahren Sie im Rohstoff-Depot meiner Kollegin Ingrid Heinritzi.
http://www.gevestor.de/geldanlage/rohstoffe/details/article/…
Da diese Mine in diesem Jahr allerdings aufgegeben werden soll, kommt es erfreulicherweise im nächsten Jahr auf der Underground-Mine Kemess-North zu weiteren Kupfer-Förderungen. Da die Kupfer-Preise z. Zt sehr hoch sind werden sie wohl im nächsten Jahr noch einen weiteren Sprung nach oben machen. Dieses würde dann die hohen Förderkosten für die gesamten Goldouncen nach unten drücken, schön wäre das natürlich.
Morgen meldet NXG seine Zahlen für das 4. Quart. 2010, ob wir es dann schon sehen werden, dass der höhere Kupferpreis seinen Schatten voraus wirft und NXG zu guten Zahlen verhelfen wird ?
Kupfer und anderer Industriemetalle werden weiterhin knapp bleiben
21.02.2011 11:00 Uhr
von Dr. Bernd Heim
Der Kupferpreis erklimmt immer neue Hochs und viele Investoren fragen sich inzwischen, ob die Party weitergehen wird oder ob es nicht schon bald ein böses Erwachen geben könnte?
Kupfer und anderer Industriemetalle werden weiterhin knapp bleibenDer Preis für Kupfer ist schon hoch und doch könnte er noch weiter steigen, denn die fundamentalen Gründe für die jüngste Preisexplosion bestehen fort. Im vergangenen Jahr stieg der Preis für das wichtige Industriemetall um 52%.
Die Stärke des Anstiegs beim Kupferpreis hat zwei Gründe: Zum einen war die Abwärtsbewegung während der Finanzkrise 2008 überzogen. Die Anleger verkauften ihre Kupferpositionen als gäbe es kein morgen mehr. Ausgehend von diesem unrealistisch niedrigen Niveau erscheinen die Anstiege der Jahre 2009 und 2010 nun natürlich besonders spektakulär.
Aber auch ohne den statistischen Basiseffekt ist nicht zu bestreiten, dass die Welt wieder mehr Kupfer braucht. Kupfer ist das Industriemetall, das besonders feinfühlig auf die Entwicklung der Weltwirtschaft reagiert, denn egal ob Auto, Flugzeug, Immobilie oder elektrischem Küchengerät:
Ohne Kupferkabel geht nichts und je mehr Kabel benötigt werden, desto schneller steigt auch der Kuupferverbrauch. So verwundert es nicht, dass Kupfer noch vor den anderen Industriemetallen vom Wiederanziehen der Weltwirtschaft profitiert hat.
Der wachsenden Nachfrage steht jedoch ein Angebot gegenüber, das sich nicht so leicht und vor allem nicht kurzfristig erhöhen lässt. Minenschließungen, wie sie während der Finanzkrise reihenweise vorgenommen wurden, sind eine relativ schnelle Angelegenheit. Doch eine ehemalige Mine wieder in Produktion zu bringen dauert erheblich länger. Noch viel aufwendiger ist es, eine Mine komplett neu zu erschließen. Deshalb kann die Angebotsseite nur begrenzt und mit einem deutlichen Zeitverzug auf die Entwicklungen auf der Nachfrageseite reagieren.
Peak Copper
Dies bestätigte in der vergangenen Woche der drittgrößte Bergbaukonzern Rio Tinto. Das Management von Rio Tinto um CEO Tom Albanese geht davon aus, dass die Kupferpreise ungeachtet des schon erreichten hohen Niveaus prinzipiell weiter steigen werden.
Rio Tinto begründet seine Annahme mit der Einschätzung, dass die Nachfrage weiter wachsen werde und die Produzenten Mühe haben werden neue Kupferprojekte in Produktion zu bringen, um den Druck auf dem Kupfermarkt abzumildern.
Die meisten großen Kupferminen weltweit, auch jene von Rio Tinto, haben ihre besten Jahre hinter sich. Sie sind zwar noch nicht ganz erschöpft, aber die Kupfergehalte werden immer geringer und in den Gruben wird das Kupfer in immer tieferen Zonen gefördert. Niedrigere Gehalte bei höherer Tiefe bedeuten aber auch einen gewaltigen Druck auf die Margen.
Damit sinkt der Anreiz für die Betreiber die Minen zu modernisieren und auszubauen. In Anlehnung an die Theorie vom Peak Oil sprechen einige Experten deshalb auch bereits von einem Peak Copper, also einem Höhepunkt der weltweiten Kupferproduktion, der bald erreicht sein könnte.
Analysten sagen größeres Angebotsdefizit voraus
Ob es so kommen wird, ist in der Fachwelt noch umstritten. Recht einig sind sich die Experten jedoch in der Frage wie sich die Angebots-Nachfrage-Situation in 2011 entwickeln wird. Barclay Capitals beziffert das Angebotsdefizit für das laufende Jahr auf 822.000 Tonnen. Trifft diese Schätzung zu, so wäre das Defizit 2011 mehr als doppelt so groß wie das Defizit aus dem Jahr 2010.
Auch JP Morgan Securities und die australische Macquarie Bank rechnen mit einem Defizit für 2011. Morgan Stanley und die Australia & New Zealand Banking Group rechnen wie Rio Tinto Vorstand Albanese mit weiter steigenden Preisen.
Allerdings und darauf setzt die Branche im Moment ihre Hoffnungen: Je länger die Preise auf einem hohen Niveau verbleiben, desto mehr neues Angebot dürfte langfristig auf den Markt kommen.
Die Verbrauchstrends für die nächsten 15 bis 20 Jahre weisen klar den Weg zu einem deutlich höheren Verbrauch. Nicht nur beim Kupfer, auch bei anderen Rohstoffen wie Eisenerz oder Aluminium rechnet der Rio Tinto Vorstand mit einer Verdopplung der Nachfrage.
Wie Sie von diesem langfristigen Megatrend profitieren können, das erfahren Sie im Rohstoff-Depot meiner Kollegin Ingrid Heinritzi.
http://www.gevestor.de/geldanlage/rohstoffe/details/article/…
Northgate Minerals Reports Excellent Cash Flow from Operations of $56.5 Million in the Fourth Quarter of 2010
Adjusted Net Earnings of $17.2 Million
Notice: Conference Call and Webcast Today at 10:00 am ET
Dial in: +647-427-7450 or 1-888-231-8191
VANCOUVER, March 8 /CNW/ -
(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 No. 416-849-0833 Passcode: 432 128 03 No.
Replay Access No. 800-642-1687 Passcode: 432 128 03 No.
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 ......
Adjusted Net Earnings of $17.2 Million
Notice: Conference Call and Webcast Today at 10:00 am ET
Dial in: +647-427-7450 or 1-888-231-8191
VANCOUVER, March 8 /CNW/ -
(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 No. 416-849-0833 Passcode: 432 128 03 No.
Replay Access No. 800-642-1687 Passcode: 432 128 03 No.
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 ......
Northgate Minerals Announces Updated Resource Estimate for Kemess Underground 02.15.2011
Download this Press Release
Indicated Resource Contains 2.6 Million Ounces of Gold and 860 Million Pounds of Copper
View press release (pdf)
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.
http://www.northgateminerals.com/news-and-media/press-releas…
Download this Press Release
Indicated Resource Contains 2.6 Million Ounces of Gold and 860 Million Pounds of Copper
View press release (pdf)
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.
http://www.northgateminerals.com/news-and-media/press-releas…
NXG wird schon wieder nach oben gehen, allerdings wird es noch mindestens bis in das Jahr 2012 dauern.
Aber dann wird es in anderen Regionen gehen.
Relatively Low Price To Last Quarter Annualized Sales Ratio Detected in Shares of Northgate Minerals in the Gold Industry (NXG, GSS, JAG, NEM, GRS)
Written on Fri, 03/18/2011 - 6:58 am By Amy Schwartz
Below are the five companies in the Gold industry with the lowest Price To Last Quarter Annualized (LQA) Sales ratios. Price/LQA Sales is a valuable metric used to compare comparable companies using the most recent sales data on an annualized basis. Generally, the lower the ratio, the more undervalued the company.
Northgate Minerals (AMEX:NXG) has the lowest with a Price To Last Quarter Annualized Sales of 1.57x; Golden Star Resources (AMEX:GSS) is next with a Price To Last Quarter Annualized Sales of 1.84x; and Jaguar Mining (NYSE:JAG) has the next lowest with a Price To Last Quarter Annualized Sales of 2.64x.
Newmont Mining (NYSE:NEM) follows with a Price To Last Quarter Annualized Sales of 2.80x and Gammon Gold (AMEX:GRS) rounds out the group with a Price To Last Quarter Annualized Sales of 4.34x.
SmarTrend currently has shares of Jaguar Mining in an Downtrend and issued the Downtrend alert on January 21, 2011 at $6.17. The stock has fallen 19.7% since the Downtrend alert was issued.
http://www.mysmartrend.com/news-briefs/news-watch/relatively…
Aber dann wird es in anderen Regionen gehen.
Relatively Low Price To Last Quarter Annualized Sales Ratio Detected in Shares of Northgate Minerals in the Gold Industry (NXG, GSS, JAG, NEM, GRS)
Written on Fri, 03/18/2011 - 6:58 am By Amy Schwartz
Below are the five companies in the Gold industry with the lowest Price To Last Quarter Annualized (LQA) Sales ratios. Price/LQA Sales is a valuable metric used to compare comparable companies using the most recent sales data on an annualized basis. Generally, the lower the ratio, the more undervalued the company.
Northgate Minerals (AMEX:NXG) has the lowest with a Price To Last Quarter Annualized Sales of 1.57x; Golden Star Resources (AMEX:GSS) is next with a Price To Last Quarter Annualized Sales of 1.84x; and Jaguar Mining (NYSE:JAG) has the next lowest with a Price To Last Quarter Annualized Sales of 2.64x.
Newmont Mining (NYSE:NEM) follows with a Price To Last Quarter Annualized Sales of 2.80x and Gammon Gold (AMEX:GRS) rounds out the group with a Price To Last Quarter Annualized Sales of 4.34x.
SmarTrend currently has shares of Jaguar Mining in an Downtrend and issued the Downtrend alert on January 21, 2011 at $6.17. The stock has fallen 19.7% since the Downtrend alert was issued.
http://www.mysmartrend.com/news-briefs/news-watch/relatively…
Es könnte sein, dass der Schreiber recht hat, denn in diesem und im nächsten Jahr werden weniger Gold-Ounzen gefördert. Immerhin wird auf der Kemess-South-Mine in diesem Jahr bedeutend weniger und im nächsten Jahr garnichts an Edelmetallen gefördert werden.
Das wird dann auch der Grund sein, dass der Kurs runter gehen wrd. Erst im Jahr 2013 wird dann wieder richtig Gold gefördert werden und der Kurs wird auch wieder steigen, zumindest ist das meine Meinung.
Northgate Minerals - gewinnen tatsächlich die Bären die Oberhand
Vorab wünschen wir an dieser Stelle den betroffenen Menschen in Japan nach dieser Naturkatastrophe alles Gute und hoffen das Beste! Ebenso richtet sich all unsere Hoffnung darauf, dass die Kernschmelze in den betroffenen Atomkraftwerken noch abgewendet werden kann!
Widmen wir uns nun der heutigen Aktie.
Nachdem rückblickend zur vergangenen Analyse vom 13. Januar noch Impulse bzw. Tendenz zur weiteren Entwicklung des kanadischen Minenunternehmens Northgate Minerals Corp. fehlten, zeigt sich die aktuelle Situation in einem deutlicheren Bild. Das Niveau von 2,90 USD kennzeichnete sich bereits seit geraumer Zeit als magnetischer Pol und ein klares Absetzen, gerade nach oben hinweg, blieb bisweilen aus. Vielmehr erscheint es derzeit so, als sollte man sich in nächster Zeit auf Rückschläge einstellen. Warum und wieso soll einmal mehr im anschließenden Fazit bewertet werden.
Quelle Charts: Tradesignal Web Edition
Quelle Charts: StockCharts.com
Fazit:
Nachdem der Kurs der Northgate Aktie bereits zum Jahresstart mit einem "Schwächeanfall" glänzte, scheint sich dieser erste Abwärtsimpuls nunmehr weiter fortsetzen zu wollen. Die kurzzeitig gestartete Gegenbewegung bis zu den damals bereits benannten und wohlbemerkt seinerzeit auch noch trendlos agierenden gleitenden Durchschnitten erwies sich als klassischer Pullback und mit Erreichen des gleitenden 200-Tage-Durchschnitts (SMA - aktuell bei 2,96 USD) drehte der Kurs auch gleich wieder gen Süden ein.
Abschließend, zur Bestätigung des Verkaufssignals, fehlt nur noch ein Tageschlusskurs unterhalb der letzten Zwischentiefs bei 2,41 USD und eine Korrekturfortsetzung bis 2,10 erscheint unvermeidlich. Unterhalb von 2,10 USD rücken gar Kurse im Bereich von 1,27 USD auf die Agenda. All dies wäre hinfällig sofern die Aktie das Niveau von 3,20 USD überwinden kann. Oberhalb von 3,20 USD generiert sich nämlich weiteres Aufwärtspotenzial bis 3,54 USD und dem folgend sogar bis rund 4,00 USD.
Quelle Charts: Tradesignal Web Edition
Long Szenario:
Gelingt es der Northgate Aktie keine neuen Jahrestiefs zu generieren, besteht trotz negativ erscheinendem Setup eine Stabilisierung möglich. Kurssteigerungen über das Niveau von 2,90 USD generieren weiteres Erholungspotenzial bis 3,20 USD. Ein Ausbruch verspräche doch noch Aufschläge bis 3,54 USD und überdies bis rund 4,00 USD.
Short Szenario:
Sackt die Northgate Aktie hingegen unter das Niveau der letzten Zwischentiefs bei 2,41 USD wird eine Korrekturfortsetzung unvermeidlich. Weitere Rückschläge bis in den Bereich von 2,10 USD sollten wenigstens einkalkuliert werden, wobei insbesondere unterhalb von 2,10 USD mittelfristige Abgaben bis ca. 1,27 USD eingeplant werden müssen.
© Christian Kämmerer
Technischer Analyst bei BörseGo/GodmodeTrader
Offenlegung gemäß § 34b WpHG WpHG wegen möglicher Interessenkonflikte: Der Autor ist in den besprochenen Wertpapieren bzw. Basiswerten derzeit nicht investiert.
http://www.minenportal.de/artikel.php?sid=13940
Das wird dann auch der Grund sein, dass der Kurs runter gehen wrd. Erst im Jahr 2013 wird dann wieder richtig Gold gefördert werden und der Kurs wird auch wieder steigen, zumindest ist das meine Meinung.
Northgate Minerals - gewinnen tatsächlich die Bären die Oberhand
Vorab wünschen wir an dieser Stelle den betroffenen Menschen in Japan nach dieser Naturkatastrophe alles Gute und hoffen das Beste! Ebenso richtet sich all unsere Hoffnung darauf, dass die Kernschmelze in den betroffenen Atomkraftwerken noch abgewendet werden kann!
Widmen wir uns nun der heutigen Aktie.
Nachdem rückblickend zur vergangenen Analyse vom 13. Januar noch Impulse bzw. Tendenz zur weiteren Entwicklung des kanadischen Minenunternehmens Northgate Minerals Corp. fehlten, zeigt sich die aktuelle Situation in einem deutlicheren Bild. Das Niveau von 2,90 USD kennzeichnete sich bereits seit geraumer Zeit als magnetischer Pol und ein klares Absetzen, gerade nach oben hinweg, blieb bisweilen aus. Vielmehr erscheint es derzeit so, als sollte man sich in nächster Zeit auf Rückschläge einstellen. Warum und wieso soll einmal mehr im anschließenden Fazit bewertet werden.
Quelle Charts: Tradesignal Web Edition
Quelle Charts: StockCharts.com
Fazit:
Nachdem der Kurs der Northgate Aktie bereits zum Jahresstart mit einem "Schwächeanfall" glänzte, scheint sich dieser erste Abwärtsimpuls nunmehr weiter fortsetzen zu wollen. Die kurzzeitig gestartete Gegenbewegung bis zu den damals bereits benannten und wohlbemerkt seinerzeit auch noch trendlos agierenden gleitenden Durchschnitten erwies sich als klassischer Pullback und mit Erreichen des gleitenden 200-Tage-Durchschnitts (SMA - aktuell bei 2,96 USD) drehte der Kurs auch gleich wieder gen Süden ein.
Abschließend, zur Bestätigung des Verkaufssignals, fehlt nur noch ein Tageschlusskurs unterhalb der letzten Zwischentiefs bei 2,41 USD und eine Korrekturfortsetzung bis 2,10 erscheint unvermeidlich. Unterhalb von 2,10 USD rücken gar Kurse im Bereich von 1,27 USD auf die Agenda. All dies wäre hinfällig sofern die Aktie das Niveau von 3,20 USD überwinden kann. Oberhalb von 3,20 USD generiert sich nämlich weiteres Aufwärtspotenzial bis 3,54 USD und dem folgend sogar bis rund 4,00 USD.
Quelle Charts: Tradesignal Web Edition
Long Szenario:
Gelingt es der Northgate Aktie keine neuen Jahrestiefs zu generieren, besteht trotz negativ erscheinendem Setup eine Stabilisierung möglich. Kurssteigerungen über das Niveau von 2,90 USD generieren weiteres Erholungspotenzial bis 3,20 USD. Ein Ausbruch verspräche doch noch Aufschläge bis 3,54 USD und überdies bis rund 4,00 USD.
Short Szenario:
Sackt die Northgate Aktie hingegen unter das Niveau der letzten Zwischentiefs bei 2,41 USD wird eine Korrekturfortsetzung unvermeidlich. Weitere Rückschläge bis in den Bereich von 2,10 USD sollten wenigstens einkalkuliert werden, wobei insbesondere unterhalb von 2,10 USD mittelfristige Abgaben bis ca. 1,27 USD eingeplant werden müssen.
© Christian Kämmerer
Technischer Analyst bei BörseGo/GodmodeTrader
Offenlegung gemäß § 34b WpHG WpHG wegen möglicher Interessenkonflikte: Der Autor ist in den besprochenen Wertpapieren bzw. Basiswerten derzeit nicht investiert.
http://www.minenportal.de/artikel.php?sid=13940
Am 10.5. kommt der Annual Report und das General Meeting findet in Torontao statt.
Bin gespannt wie die diesjährigen Abshlußzahlen ausfallen ?
Northgate Minerals Provides Details for its 2011 First Quarter Results and Annual General Meeting
TORONTO, April 7 /CNW/ -
Northgate Minerals Corporation (TSX: NGX, NYSE-Amex: NXG) announced today that it will release its first quarter 2011 results before market opens on Tuesday, May 10, 2011. In addition, Northgate will host its Annual General Meeting ("AGM") on the same day, May 10, at 10:00 am Toronto time. The AGM will be held at the TMX Broadcast and Conference Centre, 130 King Street West, Toronto, Canada.
During the meeting, Northgate will provide an overview of our 2010 performance, our 2011 first quarter financial and operating results, an update on our development projects and our plans for the future.
Webcast and Conference Call
For those unable to attend in person, a live audio webcast and presentation package will be available on Northgate's website at www.northgateminerals.com. Alternatively, you may listen to this event by calling 647-427-7450 or toll free in North America at 1-888-231-8191. The conference ID is 54842811.
Conference Replay
A replay of this event will be available beginning on May 10 at 1:00 pm ET until May 24 at 11:59 pm ET.
Replay Access No. 416-849-0833 Passcode: 548 428 11#
Replay Access No. 800-642-1687 Passcode: 548 428 11#
* * * * * *
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.
Bin gespannt wie die diesjährigen Abshlußzahlen ausfallen ?
Northgate Minerals Provides Details for its 2011 First Quarter Results and Annual General Meeting
TORONTO, April 7 /CNW/ -
Northgate Minerals Corporation (TSX: NGX, NYSE-Amex: NXG) announced today that it will release its first quarter 2011 results before market opens on Tuesday, May 10, 2011. In addition, Northgate will host its Annual General Meeting ("AGM") on the same day, May 10, at 10:00 am Toronto time. The AGM will be held at the TMX Broadcast and Conference Centre, 130 King Street West, Toronto, Canada.
During the meeting, Northgate will provide an overview of our 2010 performance, our 2011 first quarter financial and operating results, an update on our development projects and our plans for the future.
Webcast and Conference Call
For those unable to attend in person, a live audio webcast and presentation package will be available on Northgate's website at www.northgateminerals.com. Alternatively, you may listen to this event by calling 647-427-7450 or toll free in North America at 1-888-231-8191. The conference ID is 54842811.
Conference Replay
A replay of this event will be available beginning on May 10 at 1:00 pm ET until May 24 at 11:59 pm ET.
Replay Access No. 416-849-0833 Passcode: 548 428 11#
Replay Access No. 800-642-1687 Passcode: 548 428 11#
* * * * * *
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.
Heute berichtet NXG über die Errichtung der Mine auf dem Gelände von Young Davidson in Ontario. (per mail heute erhalten)
Alles ist im Lot mit dem Aufbau dieser Mine sowohl von der Kostenseite als auch mit den vorgegebenen Terminen.
Seht euch nur die untere Produktion-Aufstellung mit den zu erwartenden Förderkosten für die Ounze Gold.
Bei einem Kurs von 1400 $, egal ob US oder Can $, der Kurs ist ja 1 : 1 bleiben vor Steuern ca 1000 $ im Sack.
Nach dem herausgegebenen NI vom Anfang diesen Jahres liegt dort ein potential von 2 Billionen $ in der Erde und diese sollen dann in 15 Jahre gehoben werden. Und das ist das nur das Ergebnis von der Kanadischen Mine, die beiden Minen in Australien bringen auch noch ihren Gewinn dazu, das sind für beide Minen jeweils ca. 100.000 Ounzen jährlich. Zusammen kann man von einer jährlichen Goldförderung von ca. 300.000 Ounzen und das bei diesen Goldkursen.
Ich werde diese Durststrecke bis 2013 überstehen und bei eventuell anstehenden Konsolidierungen, je nach Kursverfall, zukaufen. Allerdings ist das nur meine Meinung.
Jeder kauft für sich alleine, so ist nunmal das Börsengeschäft.
Northgate Minerals Provides Update on Construction and Exploration Activities at Young-Davidson
Project Remains On Schedule and On Budget
VANCOUVER, April 13 /CNW/ -
(All figures in US dollars except where noted) Northgate Minerals Corporation (TSX: NGX, NYSE-Amex: NXG) is pleased to provide an update on construction activities for its 100% owned Young-Davidson project located beside the town of Matachewan, Ontario, 60 kilometres ("km") west of Kirkland Lake. Northgate is also pleased to report that follow-up drilling on the YD West zone continues to return positive results.
With current proven and probable gold reserves totalling over 2.8 million ounces(1), the Young-Davidson mine is targeting start-up of production in late Q1 2012. The mine is expected to generate an average of 180,000 ounces of gold annually over an initial 15-year mine life.
Highlights
Construction Activities
- The project remains on schedule:
- at the end of March 2011, 80% of the contracts have been
awarded (approximately $170 million), 90% of equipment purchase
orders have been placed and 66% of the engineering has been
completed.
- The project remains on budget:
- at the end of March 2011, Northgate has invested approximately
$130 million towards construction of the Young-Davidson mine.
Diamond Drill Program
- Hole YD10-198B, located approximately 115 metres ("m") below
discovery hole 198, returned 5.43 grams per tonne ("g/t") gold over
10.95 m (estimated 6.7 m true thickness).
- A total of 5,332 m of surface diamond drilling has been completed
within the YD West zone in 2011.
"Since breaking ground in August 2010, we're pleased to report that Young-Davidson has remained on schedule and on budget" commented Ken Stowe, President and CEO. "In particular, we have made great progress on the construction front, having recently completed the raise bore pilot hole for the first leg of the production shaft as well as the concrete foundations for the process plant building. In addition, exploration results continue to prove up the YD West zone, where there is significant potential to add to current reserves. Over the next year, we expect to invest an additional $250 million using existing funds to bring Young-Davidson into production as we move towards our objective of increasing annual production to 350,000 ounces in 2013 and beyond."
Young-Davidson Targeting Production in 2012
Construction activities on surface facilities and underground development are well advanced and are detailed as follows:
Overall Project Activity and Schedule Update (up to the end of March 2011)
- Northgate has invested approximately $130 million towards building
the Young-Davidson mine.
- On surface, continued major earthworks in preparation of the project
site.
- Received an amended Certificate of Approval permitting the discharge
of treated process water, which is the last significant permit
required for the mine to commence production.
- Began dewatering the historic Young-Davidson open pit.
- Commenced construction of the 115 kilovolt ("kV") power line to
energize the site by the beginning of Q4.
Process Plant and Major Equipment
- Completed pouring the concrete foundations for the process plant
building and major equipment.
- Currently installing formwork (permanent moulds) and reinforcements
for the autogenous grinding ("AG") mill foundation.
- One of the Kemess South ball mills has been dismantled and is being
refurbished by the equipment manufacturers in preparation for
installation at Young-Davidson.
- Erection of the mill building is in progress and is expected to be
completed by June.
- Major equipment orders are beginning to arrive on site.
Ramp
- The underground development rate is now averaging almost 14 m per
day.
- During the first quarter, the ramp was extended an additional 290 m
to an approximate length of 4,200 m.
- The vertical depth of the ramp is currently 680 m and over the next
30 months, will be competed to a depth of 1500 m.
- An additional 890 m of lateral development was achieved during the
quarter.
Shaft
- Commissioned the new hoist and have commenced sinking operations of
the existing shaft.
- The existing shaft will be extended to a depth of 1,500 m.
- Completed the 446 m raise bore pilot hole for the first leg of the
production shaft.
- A total of 220 m has been reamed to 5.5 m in diameter for the
new production shaft.
Tailings Impoundment Area ("TIA")
- Commissioned the dewatering system that will facilitate construction
of the TIA west dam.
- Quarrying of the rock necessary for the construction of the tailings
dam will be completed within the next two months.
- Targeting completion of the first two stages of the TIA construction
by year-end.
- Construction of the haul bridge is scheduled to start in the
following months.
Development activities over the next 12 months include:
- Awarding the electrical/mechanical equipment installation contract in
April.
- Tendering the open pit mining contract in April.
- Starting the open pit pre-production development in Q4.
- Completing the 115 kV transmission line to energize the site by Q4.
- Commissioning activities in Q4.
- Targeting our first gold pour late Q1 2012.
The following photos showcase some of the recent construction activities at site. A complete photo gallery and short video clip are available on our website at www.northgateminerals.com.
Process plant concrete foundations
www.northgateminerals.com/Theme/Northgate/files/Releases/201…
New hoist commissioned
www.northgateminerals.com/Theme/Northgate/files/Releases/201…
Raise bore setup for new production shaft
www.northgateminerals.com/Theme/Northgate/files/Releases/201…
Headframe modifications:
www.northgateminerals.com/Theme/Northgate/files/Releases/201…
Young-Davidson Targeting Production in 2012
Northgate released its final Feasibility Study on Young-Davidson in January 2010 (see press release dated January 25, 2010). Results of the Feasibility Study were based on a gold price of $825 per ounce and an exchange rate of US$/Cdn $0.90. In order to better reflect current market conditions, all figures have been updated in this press release using a gold price of $1,400 per ounce and an exchange rate of US$/Cdn $1.00, unless otherwise noted.
The mining operations will consist of an open pit and underground mine. Access for personnel and materials to the underground mine will be via the ramp and the existing shaft, which will be extended to a depth of 1,500 m. A second production shaft will also be developed to a depth of 1,500 m.
Surface facilities will consist of a modern 6,000 tonne per day ("tpd") process plant utilizing conventional gold processing technology. Unit operating costs are projected to be Cdn $31.63 per metric tonne ("mt") of ore.
Targeting our first gold pour in late Q1 2012, the first leg of production will come from a small open pit targeting production in the range of 84,000 - 90,000 ounces in 2012 and 134,000 - 140,000 ounces in 2013. Once underground development is complete, gold production is expected to ramp up to approximately 175,000 ounces in 2014 and 220,000 ounces in 2015. The approximate life-of-mine cash cost of $400 per ounce is forecast to be well below the current industry average due to the favorable geometry, strong continuity and thickness of the orebody, as well as the very competent nature of the host rock, which allows low cost bulk mining techniques to be employed.
The net cash cost of gold production expressed in US dollars per ounce has increased slightly from the Feasibility Study, solely as a result of the change in base case exchange rate assumption from US$/Cdn$0.90 to US$/Cdn $1.00.
Estimated gold production and cash costs for Young-Davidson are shown below:
Table 1: Young-Davidson Production and Cash Cost Forecast
-------------------------------------------------------------------------
Source Production Cash Cost
(ounces) ($/oz) (1)
-------------------------------------------------------------------------
2012 (late Q1 start-up) Open Pit 84,000 - 90,000 $580 - $610
2013 Open Pit 134,000 - 140,000 $420 - $440
2014 Open Pit
& Underground 175,000 $425
2015 Underground 220,000 $335
2016 - 2020 Average Underground 205,000 $390
2021 - 2025 Average Underground 175,000 $425
2026 Stockpile 95,000 $630
-------------------------------------------------------------------------
Annual average ~180,000 ounces ~$400 / oz
-------------------------------------------------------------------------
(1) Assuming exchange rate of US$/Cdn$1.00.
Young-Davidson Capital Costs and Economics
The pre-production capital development costs of the Young-Davidson mine are almost exclusively denominated in Canadian dollars. The current estimate of the total capital cost of the project is Cdn $377.1 million and has not changed from the figure contained in the Feasibility Study. However in US dollars, the pre-production capital cost estimate is now $377.1 million reflecting the increase in the exchange rate assumption from US$/Cdn$0.90 to $1.00.
At a gold price of $1,400 per ounce and an exchange rate of US$/Cdn $1.00, the Young-Davidson mine's existing proven and probable reserves are expected to generate $1.9 billion in pre-tax operating cash flow and on a project basis (i.e. prior to any capital investment), has a pre-tax net present value ("NPV") 5% of $1.0 billion and a pre-tax internal rate of return ("IRR") of 27.6%. The pre-tax and after tax metrics for the Young-Davidson project, at a variety of gold prices, are shown in the following table:
Table 2: Young-Davidson Economics Estimate(1)
-------------------------------------------------------------------------
Cash Flow NPV 5% Discount IRR
(US$M) (US$M)
Gold ------------------ ------------------ -------------- Payback
Price Pre-tax After tax Pre-tax After tax Pre-tax After (years)
US$/oz tax
-------------------------------------------------------------------------
1,000 $917 $654 $421 $275 15.4% 12.8% 6.1
1,200 $1,405 $989 $730 $491 21.8% 18.2% 4.8
1,400 $1,902 $1,331 $1,045 $709 27.6% 23.1% 4.0
1,600 $2,398 $1,670 $1,358 $926 32.9% 27.7% 3.5
-------------------------------------------------------------------------
(1) Feasibility Study press release on January 25, 2010 used a range of
$825/oz - $1,125/oz of gold and exchange rate assumption of US$/C
$0.90
Table 3: Summary of Economic Parameters
-------------------------------------------------------------------------
Item Value
-------------------------------------------------------------------------
Gold price (US$ per ounce) 1,400
Silver price (US$ per ounce) 28
Foreign exchange rates (US$/Cdn$) 1.00
Tax rates (%)
Federal Income Tax 15
Provincial Income Tax 10
Provincial Mining Tax 10
-------------------------------------------------------------------------
Pre-Production Capital (US$ millions)
Infrastructure 83.3
Process plant 90.1
Mining 106.3
Indirect costs 62.8
Contingency 34.6
-------------------------------------------------------------------------
Total Pre-Production Capital $377.1
-------------------------------------------------------------------------
Sustaining Capital & Mine Closure (US$ millions)
Completion of Underground Mine Infrastructure 142.9
Sustaining Capital & Mine Closure 119.8
-------------------------------------------------------------------------
Total Sustaining Capital & Mine Closure $262.7
-------------------------------------------------------------------------
Average mining cost (Cdn$ per tonne milled) 19.03(1)
Process cost (Cdn$ per tonne milled) 10.08
General and administration (Cdn$ per tonne milled) 2.52
-------------------------------------------------------------------------
Total (Cdn$ per tonne milled) $31.63
-------------------------------------------------------------------------
Processing Recovery (%)
Gold 92.4
-------------------------------------------------------------------------
(1) Includes open pit mining cost of Cdn$3.46 per tonne mined and
underground mining cost of Cdn$20.63 per tonne mined.
Infrastructure
The Young-Davidson property is located 3 km west of the town of Matachewan, in the gold-producing Abitibi greenstone belt of northern Ontario. It is readily accessible to, and serviced by, surrounding mining communities such as Kirkland Lake (60 km) and Timmins (165 km) via Highways 566, 66 and 101.
Electric power for the mine site will be supplied by upgrading approximately 47 km of an existing 115 kV power line. We will also be installing 7 km of a new 115 kV line and a mine site transformer station, which is expected for completion in the beginning of the fourth quarter.
The Young-Davidson property sits on the site of two past producing mines, both with track records of successful mining and simple metallurgy, producing approximately one million ounces of gold between the mid 1930's and the mid 1950's. All of the existing underground workings left by the previous owners are in excellent condition.
Human Resources
Work is progressing well at Young-Davidson and has resulted in a significant boost for local and regional employment. Currently, there are approximately 275 contractors and Northgate employees on site, including over 20 First Nations employees. Once production begins in 2012, the mine will provide ongoing direct employment for 275 employees during its 15-year mine-life.
Environment, Permitting and Community Relations
Environmental and permitting activities are ongoing. A recent open house was held to provide an update on blasting information and construction activities. In addition, Young-Davidson provides a community newsletter in order to keep stakeholders up-to-date on site progress. Open houses will continue to be held with the local communities and First Nations, where there is strong community support. On July 2, 2009, Northgate entered into an Impact and Benefits Agreement with the Matachewan First Nation. Since that achievement, the parties have continued to work cooperatively on various aspects of project development.
Exploration Update: YD West Zone
In 2011, a total of 5,332 m of surface diamond drilling has been completed in the YD West zone with the intent of delineating additional resources. The YD West zone was discovered when hole YD10-198 intersected 3.46 g/t gold over 79.5 m. With the current data, the zone appears to have a minimum strike length of approximately 175 m, measures 150 m along dip and averages 20 m in true thickness.
Hole YD10-198B, located approximately 115 m below the discovery hole YD10-198, returned 5.43 g/t over 10.95 m (estimated 6.7 m true thickness). This hole has been cut by a late post mineral dyke that cut off as much as 45 m of the zone as evidenced by the presence of auriferous material in both the hanging and footwall of the dyke.
The long section below illustrates the location of hole 198B in relation to other intercepts 198,198A and 234 (see press release dated January 11, 2011) in the YD West zone. Drilling now continues in the area with two diamond drills active. Results are pending for another hole (YD11-234A), which tested an area approximately 50 m east of the discovery hole.
If the 2011 drilling program is successful, it is expected that an initial mineral resource estimate for the YD West zone will be completed by the end of the year.
Table 4: Assay Results YD10-198B
-------------------------------------------------------------------------
True
Hole ID From (m) To (m) Interval (m) Thickness Gold Cut
(m) 20 g/t
-------------------------------------------------------------------------
YD10-198B 1353.47 1364.42 10.95 6.7 5.43
-------------------------------------------------------------------------
Figure 1: Young-Davidson Longitudinal Section (looking north) Assay Results YD10-198B www.northgateminerals.com/Theme/Northgate/files/Releases/201…
Underground Delineation Drilling
Underground delineation drilling in support of future underground mining activities began in late 2010 and is currently focusing on a sector of the Upper Boundary Zone. This portion of the program is nearly complete and will be reported upon during the second quarter of 2011 once all the results have been received. It is expected that the results of this program will be incorporated into the annual reserve and resource re-estimate at the end of 2011.
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.
Alles ist im Lot mit dem Aufbau dieser Mine sowohl von der Kostenseite als auch mit den vorgegebenen Terminen.
Seht euch nur die untere Produktion-Aufstellung mit den zu erwartenden Förderkosten für die Ounze Gold.
Bei einem Kurs von 1400 $, egal ob US oder Can $, der Kurs ist ja 1 : 1 bleiben vor Steuern ca 1000 $ im Sack.
Nach dem herausgegebenen NI vom Anfang diesen Jahres liegt dort ein potential von 2 Billionen $ in der Erde und diese sollen dann in 15 Jahre gehoben werden. Und das ist das nur das Ergebnis von der Kanadischen Mine, die beiden Minen in Australien bringen auch noch ihren Gewinn dazu, das sind für beide Minen jeweils ca. 100.000 Ounzen jährlich. Zusammen kann man von einer jährlichen Goldförderung von ca. 300.000 Ounzen und das bei diesen Goldkursen.
Ich werde diese Durststrecke bis 2013 überstehen und bei eventuell anstehenden Konsolidierungen, je nach Kursverfall, zukaufen. Allerdings ist das nur meine Meinung.
Jeder kauft für sich alleine, so ist nunmal das Börsengeschäft.
Northgate Minerals Provides Update on Construction and Exploration Activities at Young-Davidson
Project Remains On Schedule and On Budget
VANCOUVER, April 13 /CNW/ -
(All figures in US dollars except where noted) Northgate Minerals Corporation (TSX: NGX, NYSE-Amex: NXG) is pleased to provide an update on construction activities for its 100% owned Young-Davidson project located beside the town of Matachewan, Ontario, 60 kilometres ("km") west of Kirkland Lake. Northgate is also pleased to report that follow-up drilling on the YD West zone continues to return positive results.
With current proven and probable gold reserves totalling over 2.8 million ounces(1), the Young-Davidson mine is targeting start-up of production in late Q1 2012. The mine is expected to generate an average of 180,000 ounces of gold annually over an initial 15-year mine life.
Highlights
Construction Activities
- The project remains on schedule:
- at the end of March 2011, 80% of the contracts have been
awarded (approximately $170 million), 90% of equipment purchase
orders have been placed and 66% of the engineering has been
completed.
- The project remains on budget:
- at the end of March 2011, Northgate has invested approximately
$130 million towards construction of the Young-Davidson mine.
Diamond Drill Program
- Hole YD10-198B, located approximately 115 metres ("m") below
discovery hole 198, returned 5.43 grams per tonne ("g/t") gold over
10.95 m (estimated 6.7 m true thickness).
- A total of 5,332 m of surface diamond drilling has been completed
within the YD West zone in 2011.
"Since breaking ground in August 2010, we're pleased to report that Young-Davidson has remained on schedule and on budget" commented Ken Stowe, President and CEO. "In particular, we have made great progress on the construction front, having recently completed the raise bore pilot hole for the first leg of the production shaft as well as the concrete foundations for the process plant building. In addition, exploration results continue to prove up the YD West zone, where there is significant potential to add to current reserves. Over the next year, we expect to invest an additional $250 million using existing funds to bring Young-Davidson into production as we move towards our objective of increasing annual production to 350,000 ounces in 2013 and beyond."
Young-Davidson Targeting Production in 2012
Construction activities on surface facilities and underground development are well advanced and are detailed as follows:
Overall Project Activity and Schedule Update (up to the end of March 2011)
- Northgate has invested approximately $130 million towards building
the Young-Davidson mine.
- On surface, continued major earthworks in preparation of the project
site.
- Received an amended Certificate of Approval permitting the discharge
of treated process water, which is the last significant permit
required for the mine to commence production.
- Began dewatering the historic Young-Davidson open pit.
- Commenced construction of the 115 kilovolt ("kV") power line to
energize the site by the beginning of Q4.
Process Plant and Major Equipment
- Completed pouring the concrete foundations for the process plant
building and major equipment.
- Currently installing formwork (permanent moulds) and reinforcements
for the autogenous grinding ("AG") mill foundation.
- One of the Kemess South ball mills has been dismantled and is being
refurbished by the equipment manufacturers in preparation for
installation at Young-Davidson.
- Erection of the mill building is in progress and is expected to be
completed by June.
- Major equipment orders are beginning to arrive on site.
Ramp
- The underground development rate is now averaging almost 14 m per
day.
- During the first quarter, the ramp was extended an additional 290 m
to an approximate length of 4,200 m.
- The vertical depth of the ramp is currently 680 m and over the next
30 months, will be competed to a depth of 1500 m.
- An additional 890 m of lateral development was achieved during the
quarter.
Shaft
- Commissioned the new hoist and have commenced sinking operations of
the existing shaft.
- The existing shaft will be extended to a depth of 1,500 m.
- Completed the 446 m raise bore pilot hole for the first leg of the
production shaft.
- A total of 220 m has been reamed to 5.5 m in diameter for the
new production shaft.
Tailings Impoundment Area ("TIA")
- Commissioned the dewatering system that will facilitate construction
of the TIA west dam.
- Quarrying of the rock necessary for the construction of the tailings
dam will be completed within the next two months.
- Targeting completion of the first two stages of the TIA construction
by year-end.
- Construction of the haul bridge is scheduled to start in the
following months.
Development activities over the next 12 months include:
- Awarding the electrical/mechanical equipment installation contract in
April.
- Tendering the open pit mining contract in April.
- Starting the open pit pre-production development in Q4.
- Completing the 115 kV transmission line to energize the site by Q4.
- Commissioning activities in Q4.
- Targeting our first gold pour late Q1 2012.
The following photos showcase some of the recent construction activities at site. A complete photo gallery and short video clip are available on our website at www.northgateminerals.com.
Process plant concrete foundations
www.northgateminerals.com/Theme/Northgate/files/Releases/201…
New hoist commissioned
www.northgateminerals.com/Theme/Northgate/files/Releases/201…
Raise bore setup for new production shaft
www.northgateminerals.com/Theme/Northgate/files/Releases/201…
Headframe modifications:
www.northgateminerals.com/Theme/Northgate/files/Releases/201…
Young-Davidson Targeting Production in 2012
Northgate released its final Feasibility Study on Young-Davidson in January 2010 (see press release dated January 25, 2010). Results of the Feasibility Study were based on a gold price of $825 per ounce and an exchange rate of US$/Cdn $0.90. In order to better reflect current market conditions, all figures have been updated in this press release using a gold price of $1,400 per ounce and an exchange rate of US$/Cdn $1.00, unless otherwise noted.
The mining operations will consist of an open pit and underground mine. Access for personnel and materials to the underground mine will be via the ramp and the existing shaft, which will be extended to a depth of 1,500 m. A second production shaft will also be developed to a depth of 1,500 m.
Surface facilities will consist of a modern 6,000 tonne per day ("tpd") process plant utilizing conventional gold processing technology. Unit operating costs are projected to be Cdn $31.63 per metric tonne ("mt") of ore.
Targeting our first gold pour in late Q1 2012, the first leg of production will come from a small open pit targeting production in the range of 84,000 - 90,000 ounces in 2012 and 134,000 - 140,000 ounces in 2013. Once underground development is complete, gold production is expected to ramp up to approximately 175,000 ounces in 2014 and 220,000 ounces in 2015. The approximate life-of-mine cash cost of $400 per ounce is forecast to be well below the current industry average due to the favorable geometry, strong continuity and thickness of the orebody, as well as the very competent nature of the host rock, which allows low cost bulk mining techniques to be employed.
The net cash cost of gold production expressed in US dollars per ounce has increased slightly from the Feasibility Study, solely as a result of the change in base case exchange rate assumption from US$/Cdn$0.90 to US$/Cdn $1.00.
Estimated gold production and cash costs for Young-Davidson are shown below:
Table 1: Young-Davidson Production and Cash Cost Forecast
-------------------------------------------------------------------------
Source Production Cash Cost
(ounces) ($/oz) (1)
-------------------------------------------------------------------------
2012 (late Q1 start-up) Open Pit 84,000 - 90,000 $580 - $610
2013 Open Pit 134,000 - 140,000 $420 - $440
2014 Open Pit
& Underground 175,000 $425
2015 Underground 220,000 $335
2016 - 2020 Average Underground 205,000 $390
2021 - 2025 Average Underground 175,000 $425
2026 Stockpile 95,000 $630
-------------------------------------------------------------------------
Annual average ~180,000 ounces ~$400 / oz
-------------------------------------------------------------------------
(1) Assuming exchange rate of US$/Cdn$1.00.
Young-Davidson Capital Costs and Economics
The pre-production capital development costs of the Young-Davidson mine are almost exclusively denominated in Canadian dollars. The current estimate of the total capital cost of the project is Cdn $377.1 million and has not changed from the figure contained in the Feasibility Study. However in US dollars, the pre-production capital cost estimate is now $377.1 million reflecting the increase in the exchange rate assumption from US$/Cdn$0.90 to $1.00.
At a gold price of $1,400 per ounce and an exchange rate of US$/Cdn $1.00, the Young-Davidson mine's existing proven and probable reserves are expected to generate $1.9 billion in pre-tax operating cash flow and on a project basis (i.e. prior to any capital investment), has a pre-tax net present value ("NPV") 5% of $1.0 billion and a pre-tax internal rate of return ("IRR") of 27.6%. The pre-tax and after tax metrics for the Young-Davidson project, at a variety of gold prices, are shown in the following table:
Table 2: Young-Davidson Economics Estimate(1)
-------------------------------------------------------------------------
Cash Flow NPV 5% Discount IRR
(US$M) (US$M)
Gold ------------------ ------------------ -------------- Payback
Price Pre-tax After tax Pre-tax After tax Pre-tax After (years)
US$/oz tax
-------------------------------------------------------------------------
1,000 $917 $654 $421 $275 15.4% 12.8% 6.1
1,200 $1,405 $989 $730 $491 21.8% 18.2% 4.8
1,400 $1,902 $1,331 $1,045 $709 27.6% 23.1% 4.0
1,600 $2,398 $1,670 $1,358 $926 32.9% 27.7% 3.5
-------------------------------------------------------------------------
(1) Feasibility Study press release on January 25, 2010 used a range of
$825/oz - $1,125/oz of gold and exchange rate assumption of US$/C
$0.90
Table 3: Summary of Economic Parameters
-------------------------------------------------------------------------
Item Value
-------------------------------------------------------------------------
Gold price (US$ per ounce) 1,400
Silver price (US$ per ounce) 28
Foreign exchange rates (US$/Cdn$) 1.00
Tax rates (%)
Federal Income Tax 15
Provincial Income Tax 10
Provincial Mining Tax 10
-------------------------------------------------------------------------
Pre-Production Capital (US$ millions)
Infrastructure 83.3
Process plant 90.1
Mining 106.3
Indirect costs 62.8
Contingency 34.6
-------------------------------------------------------------------------
Total Pre-Production Capital $377.1
-------------------------------------------------------------------------
Sustaining Capital & Mine Closure (US$ millions)
Completion of Underground Mine Infrastructure 142.9
Sustaining Capital & Mine Closure 119.8
-------------------------------------------------------------------------
Total Sustaining Capital & Mine Closure $262.7
-------------------------------------------------------------------------
Average mining cost (Cdn$ per tonne milled) 19.03(1)
Process cost (Cdn$ per tonne milled) 10.08
General and administration (Cdn$ per tonne milled) 2.52
-------------------------------------------------------------------------
Total (Cdn$ per tonne milled) $31.63
-------------------------------------------------------------------------
Processing Recovery (%)
Gold 92.4
-------------------------------------------------------------------------
(1) Includes open pit mining cost of Cdn$3.46 per tonne mined and
underground mining cost of Cdn$20.63 per tonne mined.
Infrastructure
The Young-Davidson property is located 3 km west of the town of Matachewan, in the gold-producing Abitibi greenstone belt of northern Ontario. It is readily accessible to, and serviced by, surrounding mining communities such as Kirkland Lake (60 km) and Timmins (165 km) via Highways 566, 66 and 101.
Electric power for the mine site will be supplied by upgrading approximately 47 km of an existing 115 kV power line. We will also be installing 7 km of a new 115 kV line and a mine site transformer station, which is expected for completion in the beginning of the fourth quarter.
The Young-Davidson property sits on the site of two past producing mines, both with track records of successful mining and simple metallurgy, producing approximately one million ounces of gold between the mid 1930's and the mid 1950's. All of the existing underground workings left by the previous owners are in excellent condition.
Human Resources
Work is progressing well at Young-Davidson and has resulted in a significant boost for local and regional employment. Currently, there are approximately 275 contractors and Northgate employees on site, including over 20 First Nations employees. Once production begins in 2012, the mine will provide ongoing direct employment for 275 employees during its 15-year mine-life.
Environment, Permitting and Community Relations
Environmental and permitting activities are ongoing. A recent open house was held to provide an update on blasting information and construction activities. In addition, Young-Davidson provides a community newsletter in order to keep stakeholders up-to-date on site progress. Open houses will continue to be held with the local communities and First Nations, where there is strong community support. On July 2, 2009, Northgate entered into an Impact and Benefits Agreement with the Matachewan First Nation. Since that achievement, the parties have continued to work cooperatively on various aspects of project development.
Exploration Update: YD West Zone
In 2011, a total of 5,332 m of surface diamond drilling has been completed in the YD West zone with the intent of delineating additional resources. The YD West zone was discovered when hole YD10-198 intersected 3.46 g/t gold over 79.5 m. With the current data, the zone appears to have a minimum strike length of approximately 175 m, measures 150 m along dip and averages 20 m in true thickness.
Hole YD10-198B, located approximately 115 m below the discovery hole YD10-198, returned 5.43 g/t over 10.95 m (estimated 6.7 m true thickness). This hole has been cut by a late post mineral dyke that cut off as much as 45 m of the zone as evidenced by the presence of auriferous material in both the hanging and footwall of the dyke.
The long section below illustrates the location of hole 198B in relation to other intercepts 198,198A and 234 (see press release dated January 11, 2011) in the YD West zone. Drilling now continues in the area with two diamond drills active. Results are pending for another hole (YD11-234A), which tested an area approximately 50 m east of the discovery hole.
If the 2011 drilling program is successful, it is expected that an initial mineral resource estimate for the YD West zone will be completed by the end of the year.
Table 4: Assay Results YD10-198B
-------------------------------------------------------------------------
True
Hole ID From (m) To (m) Interval (m) Thickness Gold Cut
(m) 20 g/t
-------------------------------------------------------------------------
YD10-198B 1353.47 1364.42 10.95 6.7 5.43
-------------------------------------------------------------------------
Figure 1: Young-Davidson Longitudinal Section (looking north) Assay Results YD10-198B www.northgateminerals.com/Theme/Northgate/files/Releases/201…
Underground Delineation Drilling
Underground delineation drilling in support of future underground mining activities began in late 2010 and is currently focusing on a sector of the Upper Boundary Zone. This portion of the program is nearly complete and will be reported upon during the second quarter of 2011 once all the results have been received. It is expected that the results of this program will be incorporated into the annual reserve and resource re-estimate at the end of 2011.
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.
Der Goldkurs aktuell in Dollar und in Euro.
Seiner Meinung nach, wird Gold in absehbarer Zeit bei 1600 $ stehen und Silber ? Es kommt nur darauf an, wieviel man aus dem Boden holt ?
Nach der Konsulisierung, wie es jetzt gerade mit den Kursen der Edelmetall-Förderer aussschaut, wird es losgehen und keiner weiß wohin ?
Delation ist out, Inflation ist in ? Es ist allerdings noch nicht entschieden wo es hingehen wird ? Northgate kann hiervon in den nächsten Jahren nur profitieren.
Aber hört es euch selber an.
“Die Metallwoche” (Teil 1)
Interview mit Martin Siegel
April 16, 2011
by Frank Meyer
Richtige Bewegung in dieser Woche im Gold – und Silbermarkt. Die “Metallwoche” besteht deshalb an diesem Wochenende aus zwei Teilen. Im ersten Teil zu Gast: Martin Siegel von Westgold. Mit ihm spreche ich über den physischen Handel von Gold und Silber. Am Mikrofon: Frank Meyer Viel Spaß!
http://rottmeyer.de/index.php/die-metallwoche-teil-1-martin-…
Nach der Konsulisierung, wie es jetzt gerade mit den Kursen der Edelmetall-Förderer aussschaut, wird es losgehen und keiner weiß wohin ?
Delation ist out, Inflation ist in ? Es ist allerdings noch nicht entschieden wo es hingehen wird ? Northgate kann hiervon in den nächsten Jahren nur profitieren.
Aber hört es euch selber an.
“Die Metallwoche” (Teil 1)
Interview mit Martin Siegel
April 16, 2011
by Frank Meyer
Richtige Bewegung in dieser Woche im Gold – und Silbermarkt. Die “Metallwoche” besteht deshalb an diesem Wochenende aus zwei Teilen. Im ersten Teil zu Gast: Martin Siegel von Westgold. Mit ihm spreche ich über den physischen Handel von Gold und Silber. Am Mikrofon: Frank Meyer Viel Spaß!
http://rottmeyer.de/index.php/die-metallwoche-teil-1-martin-…
Sollen die Northgate - Aktien verkauft werden, oder soll man sie behalten ?
Eine genaue Antwort gibt es aus dieser News leider auch nicht.
Es ist so wie bereits schon früher geschrieben, man kann sie jetzt verkaufen und später zu einem etwas günstigeren Kurs wieder kaufen. Allerdings sollte man dann genau NXG immer im Blick haben.
Should You Sell Northgate Minerals Right Now?
By Jeremy Phillips | More Articles
April 20, 2011 | Comments (1)
Don't let it get away!Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
The decision to sell a stock you've researched and followed for months or years is never easy. If you fall in love with your stock holdings, you risk becoming vulnerable to confirmation bias -- listening only to information that supports your theories, and rejecting any contradictions.
In 2004, longtime Fool Bill Mann called confirmation bias one of the most dangerous components of investing. This warning has helped my own personal investing throughout the Great Recession. Now, I want to help you identify potential sell signs on popular stocks within our 4 million-strong Fool.com community.
Today I'm laser-focused on Northgate Minerals, ready to evaluate its price, valuation, margins, and liquidity. Let's get started!
Don't sell on price
Over the past 12 months, Northgate Minerals is down 7.7% versus an S&P 500 return of 13.7%. Investors in Northgate Minerals are no doubt disappointed with their returns, but is now the time to cut and run? Not necessarily. Short-term underperformance alone is not a sell sign. The market may be missing the critical element of your Northgate Minerals investing thesis. For historical context, let's compare Northgate Minerals' recent price to its 52-week and five-year highs. I've also included a few other businesses in the same or related industries:
-----Company
--------------------------------------Recent Price
------------------------------------------------------52-Week High
-----------------------------------------------------------------------5-Year High
Northgate Minerals--------------------$2.87--------$3.54---------$4.82
Barrick Gold (NYSE: ABX )-----------$53.42-------$55.72--------$55.70
Goldcorp (NYSE: GG )----------------$53.96-------$54.72--------$54.70
Agnico-Eagle Mines (NYSE: AEM)--$65.38-------$88.20--------$88.20
Source: Capital IQ, a division of Standard & Poor's.
As you can see, Northgate Minerals is down from its 52-week high. If you bought near the peak, now's the time to think back to why you bought it in the first place. If your reasons still hold true, you shouldn't sell based on this information alone.
Potential sell signs
First, let's look at the gross margins trend, which represents the amount of profit a company makes for each $1 in sales, after deducting all costs directly related to that sale. A deteriorating gross margin over time can indicate that competition has forced the company to lower prices, that it can't control costs, or that its whole industry's facing tough times.
Here is Northgate Minerals' gross margin over the past five years
Northgate Minerals is having no trouble maintaining its gross margin, which tends to dictate a company's overall profitability. This is solid news; however, Northgate Minerals investors need to keep an eye on this over the coming quarters. If margins begin to dip, you'll want to know why.
Next, let's explore what other investors think about Northgate Minerals. We love the contrarian view here at Fool.com, but we don't mind cheating off of our neighbors every once in a while. For this, we'll examine two metrics: Motley Fool CAPS ratings and short interest. The former tells us how Fool.com's 170,000-strong community of individual analysts rate the stock. The latter shows what proportion of investors are betting that the stock will fall. I'm including other peer companies once again for context.
Company
--------------------------CAPS Rating (out of 5)
---------------------------------------------------------Short Interest (% of float)
Northgate Minerals-------------****-------------------------------3.9
Barrick Gold ----------------------***--------------------------------0.5
Goldcorp---------------------------***--------------------------------0.9
Agnico-Eagle Mines--------------***--------------------------------0.9
http://www.fool.com/investing/general/2011/04/20/should-you-…
Eine genaue Antwort gibt es aus dieser News leider auch nicht.
Es ist so wie bereits schon früher geschrieben, man kann sie jetzt verkaufen und später zu einem etwas günstigeren Kurs wieder kaufen. Allerdings sollte man dann genau NXG immer im Blick haben.
Should You Sell Northgate Minerals Right Now?
By Jeremy Phillips | More Articles
April 20, 2011 | Comments (1)
Don't let it get away!Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
The decision to sell a stock you've researched and followed for months or years is never easy. If you fall in love with your stock holdings, you risk becoming vulnerable to confirmation bias -- listening only to information that supports your theories, and rejecting any contradictions.
In 2004, longtime Fool Bill Mann called confirmation bias one of the most dangerous components of investing. This warning has helped my own personal investing throughout the Great Recession. Now, I want to help you identify potential sell signs on popular stocks within our 4 million-strong Fool.com community.
Today I'm laser-focused on Northgate Minerals, ready to evaluate its price, valuation, margins, and liquidity. Let's get started!
Don't sell on price
Over the past 12 months, Northgate Minerals is down 7.7% versus an S&P 500 return of 13.7%. Investors in Northgate Minerals are no doubt disappointed with their returns, but is now the time to cut and run? Not necessarily. Short-term underperformance alone is not a sell sign. The market may be missing the critical element of your Northgate Minerals investing thesis. For historical context, let's compare Northgate Minerals' recent price to its 52-week and five-year highs. I've also included a few other businesses in the same or related industries:
-----Company
--------------------------------------Recent Price
------------------------------------------------------52-Week High
-----------------------------------------------------------------------5-Year High
Northgate Minerals--------------------$2.87--------$3.54---------$4.82
Barrick Gold (NYSE: ABX )-----------$53.42-------$55.72--------$55.70
Goldcorp (NYSE: GG )----------------$53.96-------$54.72--------$54.70
Agnico-Eagle Mines (NYSE: AEM)--$65.38-------$88.20--------$88.20
Source: Capital IQ, a division of Standard & Poor's.
As you can see, Northgate Minerals is down from its 52-week high. If you bought near the peak, now's the time to think back to why you bought it in the first place. If your reasons still hold true, you shouldn't sell based on this information alone.
Potential sell signs
First, let's look at the gross margins trend, which represents the amount of profit a company makes for each $1 in sales, after deducting all costs directly related to that sale. A deteriorating gross margin over time can indicate that competition has forced the company to lower prices, that it can't control costs, or that its whole industry's facing tough times.
Here is Northgate Minerals' gross margin over the past five years
Northgate Minerals is having no trouble maintaining its gross margin, which tends to dictate a company's overall profitability. This is solid news; however, Northgate Minerals investors need to keep an eye on this over the coming quarters. If margins begin to dip, you'll want to know why.
Next, let's explore what other investors think about Northgate Minerals. We love the contrarian view here at Fool.com, but we don't mind cheating off of our neighbors every once in a while. For this, we'll examine two metrics: Motley Fool CAPS ratings and short interest. The former tells us how Fool.com's 170,000-strong community of individual analysts rate the stock. The latter shows what proportion of investors are betting that the stock will fall. I'm including other peer companies once again for context.
Company
--------------------------CAPS Rating (out of 5)
---------------------------------------------------------Short Interest (% of float)
Northgate Minerals-------------****-------------------------------3.9
Barrick Gold ----------------------***--------------------------------0.5
Goldcorp---------------------------***--------------------------------0.9
Agnico-Eagle Mines--------------***--------------------------------0.9
http://www.fool.com/investing/general/2011/04/20/should-you-…
Von einem steigenden Goldpreis wird auch NXG in den kommenden Jahren profitieren.
Auszug aus dem Bericht vom 19.4.2011 des Handelsblattes :
Bulle und Bär:
Warum der Goldpreis weiter steigt
19.04.2011, 09:57 Uhr
Der Goldpreis wird wohl noch weiter steigen - denn die Großanleger investieren weiter und suchen Schutz in dem Edelmetall. Die magische Grenze von 1500 Dollar ist nur ein Zwischenschritt.
Es gibt erste Pioniere unter den Investoren. Der Stiftungsfonds der Universität von Texas mit 20 Milliarden Dollar Kapital hat eine knappe Milliarde in Gold angelegt – weit mehr als der Branchenschnitt.
Er besaß Terminkontrakte, das heißt Zusicherungen auf eine Lieferung von fast 7000 Barren. Aber die Fondsmanager hatten Angst vor einer Goldknappheit, denn es werden viel mehr dieser Verpflichtungen gehandelt, als tatsächlich Gold vorhanden ist.
Deshalb ließen sie sich das Metall jetzt ausliefern. Wenn das Beispiel Schule macht, wird der Goldpreis in ganz andere Dimensionen vorstoßen.
http://www.handelsblatt.com/finanzen/boerse-maerkte/bulle-ba…ml
Auszug aus dem Bericht vom 19.4.2011 des Handelsblattes :
Bulle und Bär:
Warum der Goldpreis weiter steigt
19.04.2011, 09:57 Uhr
Der Goldpreis wird wohl noch weiter steigen - denn die Großanleger investieren weiter und suchen Schutz in dem Edelmetall. Die magische Grenze von 1500 Dollar ist nur ein Zwischenschritt.
Es gibt erste Pioniere unter den Investoren. Der Stiftungsfonds der Universität von Texas mit 20 Milliarden Dollar Kapital hat eine knappe Milliarde in Gold angelegt – weit mehr als der Branchenschnitt.
Er besaß Terminkontrakte, das heißt Zusicherungen auf eine Lieferung von fast 7000 Barren. Aber die Fondsmanager hatten Angst vor einer Goldknappheit, denn es werden viel mehr dieser Verpflichtungen gehandelt, als tatsächlich Gold vorhanden ist.
Deshalb ließen sie sich das Metall jetzt ausliefern. Wenn das Beispiel Schule macht, wird der Goldpreis in ganz andere Dimensionen vorstoßen.
http://www.handelsblatt.com/finanzen/boerse-maerkte/bulle-ba…ml
Trotz des heutigen starken Verfalls der Edelmetall-Märkte hälr sich aber die Northgate sehr gut.
Und die beiden Experten Frank und der Düsseldorfer machen uns auch schon wieder richtig Mut. Mindestens ist das M.M.
“Metallwoche-Extra” Schlachtfest im Silbermarkt
Mai 03, 2011
by Frank Meyer (online)Kommentare
In den Abendstunden fand im Silbermarkt ein erneutes Gemetzel statt – wie immer außerhalb des Comex-Marktes. Hier eine Kurzeinschätzung der Situation mit Michael, dem “Düsseldorfer”. Am Mikrofon: Frank Meyer. Viel Spaß, für die, denen er noch nicht vergangen ist…
Machen wir eine Metallwoche, oder nicht? Das war heute Abend die Frage. Eigentlich hat Silber noch nicht wie im letzten Beitrag vermutet, die 50er-Tagelinie nach unten verlassen. Aber was im außerbörslichen Handel nachts und außerhalb der Comex abläuft, ist alles andere als ein geregelter Handel – eine Situation zwischen Angst, Not, Gier und Elend. Hier unser Podcast…
Metallwoche Extra - Schlachtfest im Silbermarkt (14:08)
http://www.rottmeyer.de/metallwoche-extra-schlachtfest-im-si…
Und die beiden Experten Frank und der Düsseldorfer machen uns auch schon wieder richtig Mut. Mindestens ist das M.M.
“Metallwoche-Extra” Schlachtfest im Silbermarkt
Mai 03, 2011
by Frank Meyer (online)Kommentare
In den Abendstunden fand im Silbermarkt ein erneutes Gemetzel statt – wie immer außerhalb des Comex-Marktes. Hier eine Kurzeinschätzung der Situation mit Michael, dem “Düsseldorfer”. Am Mikrofon: Frank Meyer. Viel Spaß, für die, denen er noch nicht vergangen ist…
Machen wir eine Metallwoche, oder nicht? Das war heute Abend die Frage. Eigentlich hat Silber noch nicht wie im letzten Beitrag vermutet, die 50er-Tagelinie nach unten verlassen. Aber was im außerbörslichen Handel nachts und außerhalb der Comex abläuft, ist alles andere als ein geregelter Handel – eine Situation zwischen Angst, Not, Gier und Elend. Hier unser Podcast…
Metallwoche Extra - Schlachtfest im Silbermarkt (14:08)
http://www.rottmeyer.de/metallwoche-extra-schlachtfest-im-si…
Thorsten Schulte, der Silberjunge, meldet sich heute mit einer neuen News an seine Abonennten und sonstige... .
Hier stelle ich einen Auszug aus derselbigen ein.
Silber und Gold sind ja heute fast im freien Fall, bin echt gespannt wie lange das dauern wird ?
Ein Betrugsmanöver der CME zum Schutz der Leerverkäufer?
Sehr geehrte Abonnenten!
Sehr geehrte Medienvertreter!
Meinen Sie bitte nicht, es gäbe einen emotionalen Aufschrei in mir, weil ich mich verspekuliert hätte. Ich habe meine Investitionsquote in riskanten Produkten, mit denen wir 2009 und 2010 prächtig an steigenden Silberpreisen verdient haben, am 29. April 2011 auf 0 Prozent reduziert. Auch habe ich am 21. April unter FAZ.net nachlesbar vor einer Korrektur gewarnt:
http://www.faz.net/s/Rub58BA8E456DE64F1890E34F4803239F4D/Doc…
Darüber hinaus gab es im Silberbulletin vom 23. April erstmals den Hinweis, dass ich in den Tagen nach Ostern 2,5 Prozent meines liquiden Vermögens (ohne Immobilienvermögen) in den Kauf gehebelter Short-Produkte investieren würde, um mich damit gegen stark fallende Silberpreise abzusichern. Noch am 24. April und am 30. April habe ich die beiden Produkte umfassend vorgestellt mit historischen Datenreihen und Vergleichen. Am 29. April berichtete ich, dass ich in beide Produkte (mit dreifachem und vierfachem Hebel) jeweils 1 Prozent meines liquiden Gesamtvermögens investiert habe. Meine physischen Bestände sind weniger Euros wert, aber jede Unze bleibt eine Unze und daher interessiert mich das in keiner Weise. Schon im Januar habe ich während meines Seminars in Frankfurt und dann in Form einer Studie intelligente Absicherungsstrategien vorgestellt, die jetzt aufgehen. Das alles sage ich, um nicht den Verdacht zu erwecken, hier würde nur „ein getroffener Hund bellen“.
Was mich ärgert, ist die Dreistigkeit der CME. Mich erzürnt das durchsichtige Manöver, das nur ein Ziel hat: Das Silber-Investment vor den größten Anstiegen zu diskreditieren. Man will den Eindruck vermitteln, es sei ein hoch riskantes und eben viel zu schwankungsanfälliges Investment. Der Öffentlichkeit soll suggeriert werden, dass Silber nur etwas für Glücksritter ist und nicht zum Vermögensschutz taugt. Nochmals betone ich, dass ich die gesamte Silberrallye mitgemacht habe und meine Leser rechtzeitig vor einem Absturz warnte. Ich kann aber nicht deutlich genug den Vorwurf erheben, dass hier mit unlauteren Mitteln gekämpft wird.
Kommen wir zur Sache: Wer im Silber-Future long oder short geht (kauft oder verkauft), muss eine Sicherheitsleistung bei der CME hinterlegen. Vor den ersten drei Margin-Erhöhungen war ich jeweils alarmiert. In dem Artikel vom 21. April 2011, der unter faz.net abrufbar ist, warnte ich vor der deutlich gestiegenen Wahrscheinlichkeit einer baldigen Margenerhöhung. Im Artikel heißt es: „Diese Gefahr befürchtet er, weil die für das Halten eines Silber-Futures durch einen Spekulanten notwendige Sicherheitsleistung in Prozent des Marktwertes eines Silber-Futures derzeit nur noch 5,1 Prozent des Marktwertes eines Silber-Kontraktes entspricht.“
Bei stark steigenden Preisen und einer Zunahme der Marktschwankungen ist die Erhöhung der vom Spekulanten geforderten Sicherheitsleistung völlig normal und vertretbar. Am Ostermontag, den 25. April, wurde die erste Erhöhung auf 12.825 Dollar veröffentlicht. Bis zur dritten Heraufsetzung der Margin auf 16.200 Dollar ab dem 04. Mai war noch alles in Ordnung und zu rechtfertigen. Dazu später mehr. Die jetzt bekannt gegebenen Erhöhungen auf 18.900 Dollar ab dem 06. Mai und 21.600 Dollar ab dem 10. Mai 2011 schlagen nach meiner Überzeugung aber dem Fass den Boden aus. Hier geht es anscheinend um die bedingungslose Kapitulation derer, die auf steigende Silberpreise am US-Terminmarkt setzen. Das schöne daran ist, dass sich für diejenigen noch großartige Kaufchancen eröffnen werden, die bislang noch nicht zum Zuge gekommen sind.
Warum ich bereits am 21. April ein ganz böses Spiel der CME, dem Zusammenschluss aus CBOT und Chicago Mercantile Exchange, witterte, zeigt der folgende Chart. Ein Silber-Future steht für 5.000 Unzen. Bei einem Silberpreis von 50 Dollar je Feinunze liegt der Marktwert eines Kontakts somit bei 250.000 Dollar. Im Folgenden ist die von einem Spekulanten geforderte Sicherheitsleistung in Prozent des Marktwertes eines Kontrakts dargestellt. Schon 2010 zeigte ich im November diesen Chart, um vor einer Margin-Erhöhung zu warnen. Auch damals kam es nach der Verkündigung zu einem deutlichen Rückgang des Silberpreises. Bei einem Silberpreis von jetzt 36,4 Dollar entspricht die Sicherheitsleistung ab dem 10. Mai 2011 nahezu 12 Prozent. Es ist erstaunlich, warum die CME sowohl 2010 als auch 2011 in starken Anstiegsphasen zunächst völlig untätig ist, um dann danach umso heftiger die große Keule zu schwingen. G eht es darum, die „ungeschützten“ Spieler am US-Terminmarkt (also diejenigen, die nicht in Handelsräumen bestimmter Finanzinstitutionen sitzen) möglichst lange in Sicherheit zu wiegen und ihre Verwundbarkeit damit zu maximieren mit dem Ziel, dass sie für die großen Leerverkäufe schlussendlich eine leichte Beute sind . . .
Hier stelle ich einen Auszug aus derselbigen ein.
Silber und Gold sind ja heute fast im freien Fall, bin echt gespannt wie lange das dauern wird ?
Ein Betrugsmanöver der CME zum Schutz der Leerverkäufer?
Sehr geehrte Abonnenten!
Sehr geehrte Medienvertreter!
Meinen Sie bitte nicht, es gäbe einen emotionalen Aufschrei in mir, weil ich mich verspekuliert hätte. Ich habe meine Investitionsquote in riskanten Produkten, mit denen wir 2009 und 2010 prächtig an steigenden Silberpreisen verdient haben, am 29. April 2011 auf 0 Prozent reduziert. Auch habe ich am 21. April unter FAZ.net nachlesbar vor einer Korrektur gewarnt:
http://www.faz.net/s/Rub58BA8E456DE64F1890E34F4803239F4D/Doc…
Darüber hinaus gab es im Silberbulletin vom 23. April erstmals den Hinweis, dass ich in den Tagen nach Ostern 2,5 Prozent meines liquiden Vermögens (ohne Immobilienvermögen) in den Kauf gehebelter Short-Produkte investieren würde, um mich damit gegen stark fallende Silberpreise abzusichern. Noch am 24. April und am 30. April habe ich die beiden Produkte umfassend vorgestellt mit historischen Datenreihen und Vergleichen. Am 29. April berichtete ich, dass ich in beide Produkte (mit dreifachem und vierfachem Hebel) jeweils 1 Prozent meines liquiden Gesamtvermögens investiert habe. Meine physischen Bestände sind weniger Euros wert, aber jede Unze bleibt eine Unze und daher interessiert mich das in keiner Weise. Schon im Januar habe ich während meines Seminars in Frankfurt und dann in Form einer Studie intelligente Absicherungsstrategien vorgestellt, die jetzt aufgehen. Das alles sage ich, um nicht den Verdacht zu erwecken, hier würde nur „ein getroffener Hund bellen“.
Was mich ärgert, ist die Dreistigkeit der CME. Mich erzürnt das durchsichtige Manöver, das nur ein Ziel hat: Das Silber-Investment vor den größten Anstiegen zu diskreditieren. Man will den Eindruck vermitteln, es sei ein hoch riskantes und eben viel zu schwankungsanfälliges Investment. Der Öffentlichkeit soll suggeriert werden, dass Silber nur etwas für Glücksritter ist und nicht zum Vermögensschutz taugt. Nochmals betone ich, dass ich die gesamte Silberrallye mitgemacht habe und meine Leser rechtzeitig vor einem Absturz warnte. Ich kann aber nicht deutlich genug den Vorwurf erheben, dass hier mit unlauteren Mitteln gekämpft wird.
Kommen wir zur Sache: Wer im Silber-Future long oder short geht (kauft oder verkauft), muss eine Sicherheitsleistung bei der CME hinterlegen. Vor den ersten drei Margin-Erhöhungen war ich jeweils alarmiert. In dem Artikel vom 21. April 2011, der unter faz.net abrufbar ist, warnte ich vor der deutlich gestiegenen Wahrscheinlichkeit einer baldigen Margenerhöhung. Im Artikel heißt es: „Diese Gefahr befürchtet er, weil die für das Halten eines Silber-Futures durch einen Spekulanten notwendige Sicherheitsleistung in Prozent des Marktwertes eines Silber-Futures derzeit nur noch 5,1 Prozent des Marktwertes eines Silber-Kontraktes entspricht.“
Bei stark steigenden Preisen und einer Zunahme der Marktschwankungen ist die Erhöhung der vom Spekulanten geforderten Sicherheitsleistung völlig normal und vertretbar. Am Ostermontag, den 25. April, wurde die erste Erhöhung auf 12.825 Dollar veröffentlicht. Bis zur dritten Heraufsetzung der Margin auf 16.200 Dollar ab dem 04. Mai war noch alles in Ordnung und zu rechtfertigen. Dazu später mehr. Die jetzt bekannt gegebenen Erhöhungen auf 18.900 Dollar ab dem 06. Mai und 21.600 Dollar ab dem 10. Mai 2011 schlagen nach meiner Überzeugung aber dem Fass den Boden aus. Hier geht es anscheinend um die bedingungslose Kapitulation derer, die auf steigende Silberpreise am US-Terminmarkt setzen. Das schöne daran ist, dass sich für diejenigen noch großartige Kaufchancen eröffnen werden, die bislang noch nicht zum Zuge gekommen sind.
Warum ich bereits am 21. April ein ganz böses Spiel der CME, dem Zusammenschluss aus CBOT und Chicago Mercantile Exchange, witterte, zeigt der folgende Chart. Ein Silber-Future steht für 5.000 Unzen. Bei einem Silberpreis von 50 Dollar je Feinunze liegt der Marktwert eines Kontakts somit bei 250.000 Dollar. Im Folgenden ist die von einem Spekulanten geforderte Sicherheitsleistung in Prozent des Marktwertes eines Kontrakts dargestellt. Schon 2010 zeigte ich im November diesen Chart, um vor einer Margin-Erhöhung zu warnen. Auch damals kam es nach der Verkündigung zu einem deutlichen Rückgang des Silberpreises. Bei einem Silberpreis von jetzt 36,4 Dollar entspricht die Sicherheitsleistung ab dem 10. Mai 2011 nahezu 12 Prozent. Es ist erstaunlich, warum die CME sowohl 2010 als auch 2011 in starken Anstiegsphasen zunächst völlig untätig ist, um dann danach umso heftiger die große Keule zu schwingen. G eht es darum, die „ungeschützten“ Spieler am US-Terminmarkt (also diejenigen, die nicht in Handelsräumen bestimmter Finanzinstitutionen sitzen) möglichst lange in Sicherheit zu wiegen und ihre Verwundbarkeit damit zu maximieren mit dem Ziel, dass sie für die großen Leerverkäufe schlussendlich eine leichte Beute sind . . .
Northgate Minerals has a Relatively Low Price To Last Quarter Annualized Sales Ratio in the Gold Industry (NXG, GSS, JAG, NEM, ABX)
Written on Thu, 05/05/2011 - 4:50am
By David Diaz
Below are the five companies in the Gold industry with the lowest Price To Last Quarter Annualized (LQA) Sales ratios. Price/LQA Sales is a valuable metric used to compare comparable companies using the most recent sales data on an annualized basis. Generally, the lower the ratio, the more undervalued the company.
Northgate Minerals (AMEX:NXG) has the lowest with a Price To Last Quarter Annualized Sales of 1.62x; Golden Star Resources (AMEX:GSS) is next with a Price To Last Quarter Annualized Sales of 1.78x; and Jaguar Mining (NYSE:JAG) has the next lowest with a Price To Last Quarter Annualized Sales of 2.63x.
Newmont Mining (NYSE:NEM) follows with a Price To Last Quarter Annualized Sales of 3.23x and Barrick Gold (NYSE:ABX) rounds out the group with a Price To Last Quarter Annualized Sales of 4.69x.
SmarTrend currently has shares of Golden Star Resources in an Downtrend and issued the Downtrend alert on February 25, 2011 at $3.13. The stock has fallen 9.1% since the Downtrend alert was issued.
http://www.mysmartrend.com/news-briefs/news-watch/northgate-…
Written on Thu, 05/05/2011 - 4:50am
By David Diaz
Below are the five companies in the Gold industry with the lowest Price To Last Quarter Annualized (LQA) Sales ratios. Price/LQA Sales is a valuable metric used to compare comparable companies using the most recent sales data on an annualized basis. Generally, the lower the ratio, the more undervalued the company.
Northgate Minerals (AMEX:NXG) has the lowest with a Price To Last Quarter Annualized Sales of 1.62x; Golden Star Resources (AMEX:GSS) is next with a Price To Last Quarter Annualized Sales of 1.78x; and Jaguar Mining (NYSE:JAG) has the next lowest with a Price To Last Quarter Annualized Sales of 2.63x.
Newmont Mining (NYSE:NEM) follows with a Price To Last Quarter Annualized Sales of 3.23x and Barrick Gold (NYSE:ABX) rounds out the group with a Price To Last Quarter Annualized Sales of 4.69x.
SmarTrend currently has shares of Golden Star Resources in an Downtrend and issued the Downtrend alert on February 25, 2011 at $3.13. The stock has fallen 9.1% since the Downtrend alert was issued.
http://www.mysmartrend.com/news-briefs/news-watch/northgate-…
Morgen kommen die Zahlen für das Business-Jahr 2010.
Ken Stowe. der CEO, wird bis zum Finden bzw. zur Einführung eines Chief Executive Officer noch bei Northgate das Steuer in der Hans festhalten.
Ken tritt spätestens zum Ende diesen Jahres in den Ruhestand. Er hat zumindest ein gut bestelltes Unternehmen bereit gestellt und wir, die Aktionäre, werden ebenfalls davon in den nächsten Jahren davon profitieren.
Dear Northgate Minerals Corporation E-mail Alert Subscribers,
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.
.
http://www.northgateminerals.com/news-and-media/press-releas…
Ken tritt spätestens zum Ende diesen Jahres in den Ruhestand. Er hat zumindest ein gut bestelltes Unternehmen bereit gestellt und wir, die Aktionäre, werden ebenfalls davon in den nächsten Jahren davon profitieren.
Dear Northgate Minerals Corporation E-mail Alert Subscribers,
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.
.
http://www.northgateminerals.com/news-and-media/press-releas…
Hier ist der Bericht für das 1. Quartal 2011 von Northgate Mineras.
Northgate Minerals Reports First Quarter Results 05.10.2011
Download this Press Release
View Press Release (pdf)
View Q1 MD&A report (pdf)
Strong Cash Flow from Operations of $40.1 Million
Notice: Conference Call and Webcast of Annual General Meeting and Q1 Results Today at 10:00 am ET
Dial in: + 647-427-7450 or 1-888-231-8191
VANCOUVER , May 10 /CNW/ -
(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 months ended March 31, 2011 in accordance with the newly adopted International Financial Reporting Standards ("IFRS").
First Quarter Highlights
The net profit was $19.8 million or $0.07 per share.
The adjusted net profit (1) was $7.5 million or $0.02 per share.
Strong cash flow from operations of $40.1 million or $0.14 per share.
First quarter production was 51,210 ounces of gold and 6.5 million pounds of copper at an average net cash cost of $699 per ounce.
Production guidance for 2011 remains unchanged: 195,000 ounces - 205,000 ounces at a cash cost of $805 - $845 per ounce.
First quarter metal sales were 56,937 ounces of gold at a realized price of $1,386 per ounce and 9.0 million pounds of copper at a realized price of $2.77 per pound.
Northgate's cash balance at the end of the first quarter 2011 was $308.1 million .
Construction activities at Young - Davidson remain on schedule and on budget. At the end of the first quarter 2011, Northgate had invested approximately $130 million towards construction of the Young - Davidson mine.
Subsequent to the end of the first quarter, Northgate entered into a Cdn$40 million three-year senior secured revolving credit facility with BNP Paribas .
http://www.northgateminerals.com/news-and-media/press-releas…
Northgate Minerals Reports First Quarter Results 05.10.2011
Download this Press Release
View Press Release (pdf)
View Q1 MD&A report (pdf)
Strong Cash Flow from Operations of $40.1 Million
Notice: Conference Call and Webcast of Annual General Meeting and Q1 Results Today at 10:00 am ET
Dial in: + 647-427-7450 or 1-888-231-8191
VANCOUVER , May 10 /CNW/ -
(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 months ended March 31, 2011 in accordance with the newly adopted International Financial Reporting Standards ("IFRS").
First Quarter Highlights
The net profit was $19.8 million or $0.07 per share.
The adjusted net profit (1) was $7.5 million or $0.02 per share.
Strong cash flow from operations of $40.1 million or $0.14 per share.
First quarter production was 51,210 ounces of gold and 6.5 million pounds of copper at an average net cash cost of $699 per ounce.
Production guidance for 2011 remains unchanged: 195,000 ounces - 205,000 ounces at a cash cost of $805 - $845 per ounce.
First quarter metal sales were 56,937 ounces of gold at a realized price of $1,386 per ounce and 9.0 million pounds of copper at a realized price of $2.77 per pound.
Northgate's cash balance at the end of the first quarter 2011 was $308.1 million .
Construction activities at Young - Davidson remain on schedule and on budget. At the end of the first quarter 2011, Northgate had invested approximately $130 million towards construction of the Young - Davidson mine.
Subsequent to the end of the first quarter, Northgate entered into a Cdn$40 million three-year senior secured revolving credit facility with BNP Paribas .
http://www.northgateminerals.com/news-and-media/press-releas…
Northgate Minerals Corp. meldet gute Quartalsergebnisse
Northgate Minerals Corporation veröffentlichte heute die operativen und finanziellen Ergebnisse des am 31. März geendeten Quartals.
Zusammenfassung:
• Das Unternehmen generierte einen operativen Cashflow in Höhe von 40,1 Mio. USD oder 0,14 USD je Aktie.
• Der Umsatz belief sich auf 123,03 Mio. USD.
• Der adjustierte Nettogewinn belief sich auf 7,48 Mio. USD oder 0,02 USD je Stammaktie.
• Der Nettogewinn belief sich auf 19,76 Mio. USD.
• In den drei Monaten wurden 51.210 oz Gold und 6,5 Mio. Pfund Kupfer produziert.
• Die durchschnittlichen Netto-Cashkosten lagen bei 699 USD/oz Gold.
• Es wurden 56.937 oz Gold und 9 Mio. Pfund Kupfer verkauft.
• Der durchschnittlich erzielte Preis lag für Gold bei 1.386 USD/oz und für Kupfer bei 2,77 USD/Pfund.
© Redaktion MinenPortal.de
http://www.minenportal.de/artikel.php?sid=14827Redaktion, 10.05.11 - 15:05 Uhr
Northgate Minerals Corporation veröffentlichte heute die operativen und finanziellen Ergebnisse des am 31. März geendeten Quartals.
Zusammenfassung:
• Das Unternehmen generierte einen operativen Cashflow in Höhe von 40,1 Mio. USD oder 0,14 USD je Aktie.
• Der Umsatz belief sich auf 123,03 Mio. USD.
• Der adjustierte Nettogewinn belief sich auf 7,48 Mio. USD oder 0,02 USD je Stammaktie.
• Der Nettogewinn belief sich auf 19,76 Mio. USD.
• In den drei Monaten wurden 51.210 oz Gold und 6,5 Mio. Pfund Kupfer produziert.
• Die durchschnittlichen Netto-Cashkosten lagen bei 699 USD/oz Gold.
• Es wurden 56.937 oz Gold und 9 Mio. Pfund Kupfer verkauft.
• Der durchschnittlich erzielte Preis lag für Gold bei 1.386 USD/oz und für Kupfer bei 2,77 USD/Pfund.
© Redaktion MinenPortal.de
http://www.minenportal.de/artikel.php?sid=14827Redaktion, 10.05.11 - 15:05 Uhr
500.000 ounzen insgesamt, das ist schon einmal eine schöne Zahle. Noch schöner ist es das fast 300.000 (jedes Jahr fast 100.000 Ounzen gefördert) unter der Führung von Northgate in den letzten 3 Jahren gefördert wurden.
Klasse Arbeit, herzlichen Glückwunsch dafür.
Northgate Minerals' Fosterville Gold Mine Celebrates 500,000 Ounces of Gold ProducedFOSTERVILLE, AUSTRALIA -- (Marketwire)
-- 05/11/11 --
Editors Note: There are two photos associated with this press release.
Northgate Minerals Corporation (TSX: NGX)(NYSE Amex: NXG) is pleased to announce that our Fosterville Gold Mine produced its half millionth ounce of gold in April 2011. The Fosterville staff marked the occasion with a celebration for this achievement.
"We are very pleased that Fosterville has reached this significant milestone", commented Ian Holland, General Manager, Fosterville Gold Mine. "2011 has already been a great year for the mine, as we are on track to deliver our third straight year of producing 100,000 ounces of gold, highlighted by our highest monthly production ever of 11,000 ounces in March. We are also looking forward to production from our new Harrier orebody, which will contribute to the achievement of our 100,000-ounce annual production forecast for the next few years."
Fosterville joins an elite group of companies who have achieved this milestone in Australia. Northgate's Stawell Gold Mine, also in the state of Victoria, produced its two millionth ounce of gold in March 2010.
The Fosterville Gold mine is located 20 kilometres east of Bendigo, a township of approximately 95,000 people. The mine currently employs over 300 people, including full-time employees and contractors. Bendigo, a historic gold mining centre located 150 km north of Melbourne, is estimated to have produced 22 million ounces of gold following the first discoveries in 1851.
Northgate would like to thank all of the employees at Fosterville for their dedicated teamwork in achieving production of 500,000 ounces of gold.
http://www.finanznachrichten.de/nachrichten-2011-05/20205965…
Klasse Arbeit, herzlichen Glückwunsch dafür.
Northgate Minerals' Fosterville Gold Mine Celebrates 500,000 Ounces of Gold ProducedFOSTERVILLE, AUSTRALIA -- (Marketwire)
-- 05/11/11 --
Editors Note: There are two photos associated with this press release.
Northgate Minerals Corporation (TSX: NGX)(NYSE Amex: NXG) is pleased to announce that our Fosterville Gold Mine produced its half millionth ounce of gold in April 2011. The Fosterville staff marked the occasion with a celebration for this achievement.
"We are very pleased that Fosterville has reached this significant milestone", commented Ian Holland, General Manager, Fosterville Gold Mine. "2011 has already been a great year for the mine, as we are on track to deliver our third straight year of producing 100,000 ounces of gold, highlighted by our highest monthly production ever of 11,000 ounces in March. We are also looking forward to production from our new Harrier orebody, which will contribute to the achievement of our 100,000-ounce annual production forecast for the next few years."
Fosterville joins an elite group of companies who have achieved this milestone in Australia. Northgate's Stawell Gold Mine, also in the state of Victoria, produced its two millionth ounce of gold in March 2010.
The Fosterville Gold mine is located 20 kilometres east of Bendigo, a township of approximately 95,000 people. The mine currently employs over 300 people, including full-time employees and contractors. Bendigo, a historic gold mining centre located 150 km north of Melbourne, is estimated to have produced 22 million ounces of gold following the first discoveries in 1851.
Northgate would like to thank all of the employees at Fosterville for their dedicated teamwork in achieving production of 500,000 ounces of gold.
http://www.finanznachrichten.de/nachrichten-2011-05/20205965…
Auszug aus der gestrigen >News der guten Zahlen.
Northgate Minerals Reports First Quarter Results
Strong Cash Flow from Operations of $40.1 Million
Notice: Conference Call and Webcast of Annual General Meeting and Q1 Results Today at 10:00 am ET
Dial in: +647-427-7450 or 1-888-231-8191
VANCOUVER, May 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 months ended March 31, 2011 in accordance with the newly adopted International Financial Reporting Standards ("IFRS").
First Quarter Highlights
■ The net profit was $19.8 million or $0.07 per share.
■ The adjusted net profit(1) was $7.5 million or $0.02 per share.
■ Strong cash flow from operations of $40.1 million or $0.14 per share.
■ First quarter production was 51,210 ounces of gold and 6.5 million pounds of copper at an average net cash cost of $699 per ounce.
■ Production guidance for 2011 remains unchanged: 195,000 ounces - 205,000 ounces at a cash cost of $805 - $845 per ounce.
■ First quarter metal sales were 56,937 ounces of gold at a realized price of $1,386 per ounce and 9.0 million pounds of copper at a realized price of $2.77 per pound.
■ Northgate''s cash balance at the end of the first quarter 2011 was $308.1 million.
■ Construction activities at Young-Davidson remain on schedule and on budget. At the end of the first quarter 2011, Northgate had invested approximately $130 million towards construction of the Young-Davidson mine.
■ Subsequent to the end of the first quarter, Northgate entered into a Cdn$40 million three-year senior secured revolving credit facility with BNP Paribas.
"First quarter production was highlighted by an excellent performance at Kemess South, as the mine wrapped up with higher gold and copper production than forecast" commented Ken Stowe, President and CEO. "While production at our Australian mines came in lower than plan, we are pleased to report that our guidance remains the same for the year as both mines are forecasting higher production for the balance of 2011. On the development front, we are excited with the excellent progress being made at Young-Davidson, as the project remains on schedule and on budget."
"As the Kemess South mine came to a close in March, I would like to take this opportunity to thank our dedicated workforce that has been a part of the Northgate-Kemess family since taking ownership of the mine in 2000. The work and commitment of our workforce have been exemplary, transforming the mine into a world-class asset, with production close to 3 million ounces of gold and 700 million pounds of copper. We now look forward to the rebirth of Kemess, having recently released an updated resource estimate for the Kemess Underground project and are expecting to complete a Preliminary Assessment by the summer."
http://www.finanznachrichten.de/nachrichten-2011-05/20186305…
Northgate Minerals Reports First Quarter Results
Strong Cash Flow from Operations of $40.1 Million
Notice: Conference Call and Webcast of Annual General Meeting and Q1 Results Today at 10:00 am ET
Dial in: +647-427-7450 or 1-888-231-8191
VANCOUVER, May 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 months ended March 31, 2011 in accordance with the newly adopted International Financial Reporting Standards ("IFRS").
First Quarter Highlights
■ The net profit was $19.8 million or $0.07 per share.
■ The adjusted net profit(1) was $7.5 million or $0.02 per share.
■ Strong cash flow from operations of $40.1 million or $0.14 per share.
■ First quarter production was 51,210 ounces of gold and 6.5 million pounds of copper at an average net cash cost of $699 per ounce.
■ Production guidance for 2011 remains unchanged: 195,000 ounces - 205,000 ounces at a cash cost of $805 - $845 per ounce.
■ First quarter metal sales were 56,937 ounces of gold at a realized price of $1,386 per ounce and 9.0 million pounds of copper at a realized price of $2.77 per pound.
■ Northgate''s cash balance at the end of the first quarter 2011 was $308.1 million.
■ Construction activities at Young-Davidson remain on schedule and on budget. At the end of the first quarter 2011, Northgate had invested approximately $130 million towards construction of the Young-Davidson mine.
■ Subsequent to the end of the first quarter, Northgate entered into a Cdn$40 million three-year senior secured revolving credit facility with BNP Paribas.
"First quarter production was highlighted by an excellent performance at Kemess South, as the mine wrapped up with higher gold and copper production than forecast" commented Ken Stowe, President and CEO. "While production at our Australian mines came in lower than plan, we are pleased to report that our guidance remains the same for the year as both mines are forecasting higher production for the balance of 2011. On the development front, we are excited with the excellent progress being made at Young-Davidson, as the project remains on schedule and on budget."
"As the Kemess South mine came to a close in March, I would like to take this opportunity to thank our dedicated workforce that has been a part of the Northgate-Kemess family since taking ownership of the mine in 2000. The work and commitment of our workforce have been exemplary, transforming the mine into a world-class asset, with production close to 3 million ounces of gold and 700 million pounds of copper. We now look forward to the rebirth of Kemess, having recently released an updated resource estimate for the Kemess Underground project and are expecting to complete a Preliminary Assessment by the summer."
http://www.finanznachrichten.de/nachrichten-2011-05/20186305…
Auszüge aus der gestrigen Meldung, die auf die Rückgestaltung und Renaturierung der in diesem März 2011 geschlossenen Kemess South-Mine in British Columbia einen Award bekam. Das heißt: Northgate kann nicht nur gut Explorieren und auch sehr viele Edelmetalle fördern, nein, sie hinterlassen auch keine Steinwüste wenn sie das Gebiet verlassen. Dadurch das sie das gesamte Gelände der Open pit-Mine wieder aufforsten wollen zeigt ihr Gemeinwohl der Natur, dem Land und den dort lebenden Menschen gegeüber. Und wenn man berücksichtigt, dass das im Sommer 2011 bereits abgeschlossen sein soll, zeigt, das sie ih Geschäft verstehen.
Northgate Minerals Recognized for Its Commitment to Sustainability
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/17/11 --
Editors Note: There are 3 photos associated with this press release.
Northgate Minerals Corporation (TSX: NGX)(NYSE Amex: NXG) is pleased to announce that our Kemess South Mine has been awarded the 2010 Mining and Sustainability Award from the Mining Association of British Columbia (MABC) and the Ministry of Energy and Mines. The award was given out at this year's Mining Week Celebration held in Smithers, British Columbia.
"We are honoured to receive the 2010 Mining and Sustainability Award for our efforts at the Kemess South Mine" commented Harold Bent, Environmental Manager, Northgate Minerals Corporation. "We are very proud of our accomplishments in all aspects of our operation, including environment, employee and community engagement and production. More importantly, these accomplishments were achieved while maintaining the highest standards of safety and the environment. We would like to thank the MABC and the Selection Committee for this award in recognition of our achievements in responsible mining practices at the mine."
Responsible Mining Practices
At Northgate, our objective is to minimize our environmental footprint through implementing environmentally responsible practices through all phases of the mine-life cycle and to provide protection for the environment today and for future generations. We view effective management of the environmental effects of our operations as critical to our success as an organization. As Kemess South is being decommissioned, more than 60% of the land has already been reclaimed. Major reclamation efforts include:
-- Completion of reclamation on the Tailings Dam downstream buttress zone;
-- Over 95% completion of reclamation of the Waste Rock Dump;
-- 100% completion of re-handle of the Ex-Pit PAG (potentially acid
generating) waste rock into the open pit for permanent underwater
disposal, with placement of overburden having been completed over the
entire base pad;
-- Over 70% completion of clean up of temporary ore stockpile pads, with
the remainder to be completed with overburden placement by end of summer
2011;
-- Placement of overburden, while clean up of stockpile and waste rock
bases commence this summer;
-- Construction activity on the spillway, which is scheduled for completion
in the fall; and
-- Development of a detailed pre-closure and post-closure monitoring and
reporting program, which evaluates the success of vegetation growth and
establishment, continued fish presence and utilization, water quality,
long-term stability and safety of the closed site to ensure long-term
reclamation success is achieved.
About the Kemess South Mine
Northgate has owned and operated the Kemess South Mine since 2000, transforming the operation into one of the most successful mines ever built in Canada. Mine production ended in March 2011, generating close to three million ounces of gold and 700 million pounds of copper.
Kemess South has been recognized as a leader in mining reclamation practices. In addition to the 2010 Mining and Sustainability award, the mine has also been awarded back-to-back Citations by the BC Technical & Research Committee in 2008 and 2009. This is the third time in the last nine years that the mine has been recognized for its outstanding and innovative reclamation efforts.
To view the photos associated with this press release, please visit the links below:
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contacts:
Northgate Minerals Corporation
Ms. Keren R. Yun
Director, Investor Relations
416-363-1701 ext. 233
ngx@northgateminerals.com
www.northgateminerals.com
© 2011 MarketWire
http://www.finanznachrichten.de/nachrichten-2011-05/20261802…
Northgate Minerals Recognized for Its Commitment to Sustainability
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/17/11 --
Editors Note: There are 3 photos associated with this press release.
Northgate Minerals Corporation (TSX: NGX)(NYSE Amex: NXG) is pleased to announce that our Kemess South Mine has been awarded the 2010 Mining and Sustainability Award from the Mining Association of British Columbia (MABC) and the Ministry of Energy and Mines. The award was given out at this year's Mining Week Celebration held in Smithers, British Columbia.
"We are honoured to receive the 2010 Mining and Sustainability Award for our efforts at the Kemess South Mine" commented Harold Bent, Environmental Manager, Northgate Minerals Corporation. "We are very proud of our accomplishments in all aspects of our operation, including environment, employee and community engagement and production. More importantly, these accomplishments were achieved while maintaining the highest standards of safety and the environment. We would like to thank the MABC and the Selection Committee for this award in recognition of our achievements in responsible mining practices at the mine."
Responsible Mining Practices
At Northgate, our objective is to minimize our environmental footprint through implementing environmentally responsible practices through all phases of the mine-life cycle and to provide protection for the environment today and for future generations. We view effective management of the environmental effects of our operations as critical to our success as an organization. As Kemess South is being decommissioned, more than 60% of the land has already been reclaimed. Major reclamation efforts include:
-- Completion of reclamation on the Tailings Dam downstream buttress zone;
-- Over 95% completion of reclamation of the Waste Rock Dump;
-- 100% completion of re-handle of the Ex-Pit PAG (potentially acid
generating) waste rock into the open pit for permanent underwater
disposal, with placement of overburden having been completed over the
entire base pad;
-- Over 70% completion of clean up of temporary ore stockpile pads, with
the remainder to be completed with overburden placement by end of summer
2011;
-- Placement of overburden, while clean up of stockpile and waste rock
bases commence this summer;
-- Construction activity on the spillway, which is scheduled for completion
in the fall; and
-- Development of a detailed pre-closure and post-closure monitoring and
reporting program, which evaluates the success of vegetation growth and
establishment, continued fish presence and utilization, water quality,
long-term stability and safety of the closed site to ensure long-term
reclamation success is achieved.
About the Kemess South Mine
Northgate has owned and operated the Kemess South Mine since 2000, transforming the operation into one of the most successful mines ever built in Canada. Mine production ended in March 2011, generating close to three million ounces of gold and 700 million pounds of copper.
Kemess South has been recognized as a leader in mining reclamation practices. In addition to the 2010 Mining and Sustainability award, the mine has also been awarded back-to-back Citations by the BC Technical & Research Committee in 2008 and 2009. This is the third time in the last nine years that the mine has been recognized for its outstanding and innovative reclamation efforts.
To view the photos associated with this press release, please visit the links below:
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contacts:
Northgate Minerals Corporation
Ms. Keren R. Yun
Director, Investor Relations
416-363-1701 ext. 233
ngx@northgateminerals.com
www.northgateminerals.com
© 2011 MarketWire
http://www.finanznachrichten.de/nachrichten-2011-05/20261802…
Mike spricht hier über die Edelmetalle. warum es heutzutage so wichtig ist ?
Edelmetalle: Ein Film mit Mike Maloney
Mai 20, 2011 by Frank Meyer Kommentare
Es ist schon faszinierend, was sich im Silbermarkt alles so tut. Lassen wir es einen erklären, der sich damit bestens auskennt: Mike Malony. Nicht dass später jemand sagt: Warum habt ihr mich nicht gewarnt? Gute Unterhaltung!
Why Gold & Silver? FULL MOVIE - Mike Maloney Tells All
Visit http://www.goldsilverdvd.com for bonus features – ‘How Does Mike Invest?’, ‘How Did Mike Get Started?’ (hear the story of Mike firing his financial advisor), and ‘How & What To Buy’. This is the full version of the movie, which features extra parts not yet seen on YouTube: Currency creation, the Federal Reserve, fractional reserve banking, how central banks steal our wealth, runaway deficits, the second wave of mortgage resets, Mike’s prediction of short term deflation THEN hyperinflation, New Media, Ron Paul, and the Constitution.
http://www.rottmeyer.de/edelmetalle-ein-film-mit-mike-malone…
Edelmetalle: Ein Film mit Mike Maloney
Mai 20, 2011 by Frank Meyer Kommentare
Es ist schon faszinierend, was sich im Silbermarkt alles so tut. Lassen wir es einen erklären, der sich damit bestens auskennt: Mike Malony. Nicht dass später jemand sagt: Warum habt ihr mich nicht gewarnt? Gute Unterhaltung!
Why Gold & Silver? FULL MOVIE - Mike Maloney Tells All
Visit http://www.goldsilverdvd.com for bonus features – ‘How Does Mike Invest?’, ‘How Did Mike Get Started?’ (hear the story of Mike firing his financial advisor), and ‘How & What To Buy’. This is the full version of the movie, which features extra parts not yet seen on YouTube: Currency creation, the Federal Reserve, fractional reserve banking, how central banks steal our wealth, runaway deficits, the second wave of mortgage resets, Mike’s prediction of short term deflation THEN hyperinflation, New Media, Ron Paul, and the Constitution.
http://www.rottmeyer.de/edelmetalle-ein-film-mit-mike-malone…
b]Aus dem heute veröffentlichten Sunday-Brief, Nr. Ausgabe 462, vom 15.05.2011.
Es wird bald soweit sein, das keiner mehr weiß was er machen soll, um seine Kohlen zu retten. Ich denke wir sollen Zigaretten, Lagerbier und anderes recht lange haltbare an Lebensmittel ordern, nur das wird in den nächsten Monaten benötigt. M.M.
Ob es doch vielleicht die Edelmetalle sein können in die wir uns retten können ? [/b]
Geehrte Leser,
in wenigen Monaten - und ich gehe davon aus, dass wir diese an einer Hand abzählen können - wird es heftig und kräftig donnern an den Finanzmärkten. Sehr auffällig ist es doch, dass weder die Krisenherde in Europa, noch USA und Japan bisher für Hagelschauer an den Börsen gesorgt haben. Meiner Ansicht nach stehen wir kurz davor, dass diese Themen in den Medien endlos diskutiert werden. Noch hält sich der DAX über 7.000 Punkten, noch gibt es also keinen Grund für afghanische Aushilfsjournalisten aus der Klatschpresse, über negatives zu schreiben. Doch schon bald werden die großen Fonds Gewinne mitnehmen. Schon bald werden die Märkte fallen und sich den negativen Fakten widmen.
Beispiele gefällig?
Der "Rettungsschirm" für europäische Mitgliedsstaaten ist der finale Sargdeckel für dieses künstliche Europa. Faulheit wird belohnt, Fleiß bestraft ... das kann nicht gut gehen.
Ebenso die katastrophale Lage der USA. Immens hohe Verschuldung und erneut baut sich hier eine Immobilienblase auf ... sofern diese überhaupt jemals beseitigt wurde.
Leider gibt es kaum einen Ausweg, kaum eine Möglichkeit, die eigenen ersparten Groschen in Sicherheit zu bringen. Gold? Anleihen? Aktien? Geldmarkt? Immobilien?
Kurz gesagt: Jeder wird sein Fett abbekommen und jeder bekommt eins auf die Nase. Vielleicht bekommt das gute alte Sparbuch am wenigsten ab.
Fazit: Setzen Sie enge Stopps bei Aktien, halten Sie Stück für Stück mehr Cash, denn der Donnerhagel naht.
Gute Kurse,
Ihr Michael Petri
und das
Sunday-Market Team
Es wird bald soweit sein, das keiner mehr weiß was er machen soll, um seine Kohlen zu retten. Ich denke wir sollen Zigaretten, Lagerbier und anderes recht lange haltbare an Lebensmittel ordern, nur das wird in den nächsten Monaten benötigt. M.M.
Ob es doch vielleicht die Edelmetalle sein können in die wir uns retten können ? [/b]
Geehrte Leser,
in wenigen Monaten - und ich gehe davon aus, dass wir diese an einer Hand abzählen können - wird es heftig und kräftig donnern an den Finanzmärkten. Sehr auffällig ist es doch, dass weder die Krisenherde in Europa, noch USA und Japan bisher für Hagelschauer an den Börsen gesorgt haben. Meiner Ansicht nach stehen wir kurz davor, dass diese Themen in den Medien endlos diskutiert werden. Noch hält sich der DAX über 7.000 Punkten, noch gibt es also keinen Grund für afghanische Aushilfsjournalisten aus der Klatschpresse, über negatives zu schreiben. Doch schon bald werden die großen Fonds Gewinne mitnehmen. Schon bald werden die Märkte fallen und sich den negativen Fakten widmen.
Beispiele gefällig?
Der "Rettungsschirm" für europäische Mitgliedsstaaten ist der finale Sargdeckel für dieses künstliche Europa. Faulheit wird belohnt, Fleiß bestraft ... das kann nicht gut gehen.
Ebenso die katastrophale Lage der USA. Immens hohe Verschuldung und erneut baut sich hier eine Immobilienblase auf ... sofern diese überhaupt jemals beseitigt wurde.
Leider gibt es kaum einen Ausweg, kaum eine Möglichkeit, die eigenen ersparten Groschen in Sicherheit zu bringen. Gold? Anleihen? Aktien? Geldmarkt? Immobilien?
Kurz gesagt: Jeder wird sein Fett abbekommen und jeder bekommt eins auf die Nase. Vielleicht bekommt das gute alte Sparbuch am wenigsten ab.
Fazit: Setzen Sie enge Stopps bei Aktien, halten Sie Stück für Stück mehr Cash, denn der Donnerhagel naht.
Gute Kurse,
Ihr Michael Petri
und das
Sunday-Market Team
Northgate kauft Großflächen in Ontario, neben dem Gelände ihrer, sich bereits im eigenen Besitz befindenen Mine, Young Davidson, hinzu.
Hoffentlich ist dieses Gelände genau so erträglich, wie das von der Mine Young Davidson. Sollte dass der Fall sein, können wir uns bestimmt glücklich schätzen.
Somit wäre eine Verlängerung der Abbauzeit in Ontario von ca. 15 Jahren von mehreren Jahren möglich. Und was das heißt kann jeder Investor wohl einschätzen.
Matachewan Consolidated Mines, Limited Announces Sale of Mine Property to Northgate Minerals Corporation 05.20.2011
Download this Press Release
VANCOUVER, May 20 /CNW/ -
Matachewan Consolidated Mines, Limited ("MCM")(TSX-V: MCM.A) announces the sale effective May 12, 2011, to Northgate Minerals Corporation ("Northgate") (TSX:NGX, NYSE-Amex: NXG) of its former producing gold property located in the Matachewan Gold Camp, 50 miles southeast of Timmins, Ontario. The property consists of 24 mining leases in Powell and Cairo townships, Larder Lake Mining Division, Ontario, which prior to the sale had been optioned to Northgate as the company builds the Young-Davidson gold mine.
Terms of the sale include cash of $216,500, retention of the royalty of ore mined and processed from the property, and Northgate assuming liability for a note payable on the property of $383,434.
The base royalty is $1.00 U.S. per ton of ore mined and processed from the property. An additional royalty will be paid when the price of gold exceeds $270 U.S. per ounce. This will amount to 5% of the increase per ounce recovered above the base rate of $270 U.S. per ounce. The royalty relates to the current reserves of approximately 600,000 tonnes on the 24 Powell and Cairo mining leases, subject to this agreement.
These tonnes form part of an open pit containing 6.2 million tonnes of ore and will be mined once Young-Davidson commences production in 2012. In addition, underground exploration activity within these mining leases will commence shortly as Northgate explores outside of its current reserve envelope.
Northgate is currently building the Young-Davidson mine, which is scheduled to commence production in late Q1 2012. Young-Davidson is forecasting an initial 15-year mine-life and is projecting average annual production of 180,000 ounces of gold at a cash cost of $400 per ounce.
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.
Matachewan is a Canadian publicly-traded junior resource company that has oil and gas investments in Western Canada. Matachewan's common shares are traded on the TSX Venture Exchange under the trading symbol MCM.A
http://www.northgateminerals.com/news-and-media/press-releas…
Hoffentlich ist dieses Gelände genau so erträglich, wie das von der Mine Young Davidson. Sollte dass der Fall sein, können wir uns bestimmt glücklich schätzen.
Somit wäre eine Verlängerung der Abbauzeit in Ontario von ca. 15 Jahren von mehreren Jahren möglich. Und was das heißt kann jeder Investor wohl einschätzen.
Matachewan Consolidated Mines, Limited Announces Sale of Mine Property to Northgate Minerals Corporation 05.20.2011
Download this Press Release
VANCOUVER, May 20 /CNW/ -
Matachewan Consolidated Mines, Limited ("MCM")(TSX-V: MCM.A) announces the sale effective May 12, 2011, to Northgate Minerals Corporation ("Northgate") (TSX:NGX, NYSE-Amex: NXG) of its former producing gold property located in the Matachewan Gold Camp, 50 miles southeast of Timmins, Ontario. The property consists of 24 mining leases in Powell and Cairo townships, Larder Lake Mining Division, Ontario, which prior to the sale had been optioned to Northgate as the company builds the Young-Davidson gold mine.
Terms of the sale include cash of $216,500, retention of the royalty of ore mined and processed from the property, and Northgate assuming liability for a note payable on the property of $383,434.
The base royalty is $1.00 U.S. per ton of ore mined and processed from the property. An additional royalty will be paid when the price of gold exceeds $270 U.S. per ounce. This will amount to 5% of the increase per ounce recovered above the base rate of $270 U.S. per ounce. The royalty relates to the current reserves of approximately 600,000 tonnes on the 24 Powell and Cairo mining leases, subject to this agreement.
These tonnes form part of an open pit containing 6.2 million tonnes of ore and will be mined once Young-Davidson commences production in 2012. In addition, underground exploration activity within these mining leases will commence shortly as Northgate explores outside of its current reserve envelope.
Northgate is currently building the Young-Davidson mine, which is scheduled to commence production in late Q1 2012. Young-Davidson is forecasting an initial 15-year mine-life and is projecting average annual production of 180,000 ounces of gold at a cash cost of $400 per ounce.
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.
Matachewan is a Canadian publicly-traded junior resource company that has oil and gas investments in Western Canada. Matachewan's common shares are traded on the TSX Venture Exchange under the trading symbol MCM.A
http://www.northgateminerals.com/news-and-media/press-releas…
Hier ist das neueste Video von der Mine Young Davidson, der NXG, aus Ontario. Die Infos haben mir sehr gut gefallen, ich hoffe eiúch auch wenn ihr sie schaut ?
Young-Davidson Mine 3D Drill Tour, May 2011 NorthgateMineralsNGX 4 Videos
http://www.youtube.com/watch?v=FDNEjNMIvGc
Welcome to Young-Davidson Gold Mine - A project by Northgate Minerals Corporation
http://www.youtube.com/watch?v=l0urQzBqhzg&NR=1
Unter diesem Link könnt ihr noch weitere Videos über die Mine Young Davidson schauen.
http://www.youtube.com/watch?v=l0urQzBqhzg&NR=1
Young-Davidson Mine 3D Drill Tour, May 2011 NorthgateMineralsNGX 4 Videos
http://www.youtube.com/watch?v=FDNEjNMIvGc
Welcome to Young-Davidson Gold Mine - A project by Northgate Minerals Corporation
http://www.youtube.com/watch?v=l0urQzBqhzg&NR=1
Unter diesem Link könnt ihr noch weitere Videos über die Mine Young Davidson schauen.
http://www.youtube.com/watch?v=l0urQzBqhzg&NR=1
Is Northgate's Stock Cheap by the Numbers?
By Anand Chokkavelu, CFA
May 25, 2011 | Comments (0)
NXGNorthgate Mi
CAPS Rating 4/5 Stars . $2.88 $0.03 (1.05%)
+ Watch NXG
on My Watchlist
Numbers can lie -- but they're the best first step in determining whether a stock is a buy. In this series, we use some carefully chosen metrics to size up a stock's true value based on the following clues:
•The current price multiples.
•The consistency of past earnings and cash flow.
•How much growth we can expect.
Let's see what those numbers can tell us about how expensive or cheap Northgate Minerals (AMEX: NXG ) might be
http://www.fool.com/investing/general/2011/05/25/is-northgat…
By Anand Chokkavelu, CFA
May 25, 2011 | Comments (0)
NXGNorthgate Mi
CAPS Rating 4/5 Stars . $2.88 $0.03 (1.05%)
+ Watch NXG
on My Watchlist
Numbers can lie -- but they're the best first step in determining whether a stock is a buy. In this series, we use some carefully chosen metrics to size up a stock's true value based on the following clues:
•The current price multiples.
•The consistency of past earnings and cash flow.
•How much growth we can expect.
Let's see what those numbers can tell us about how expensive or cheap Northgate Minerals (AMEX: NXG ) might be
http://www.fool.com/investing/general/2011/05/25/is-northgat…
Wenn das nicht bald für höhere Kursen sorgen wird, dann weiß ich das auch nicht mehr was noch passieren muß um für das zu sorgen.
Underground Delineation Drilling at Young-Davidson Confirms Zone Geometry and Grade 05.26.2011
Download this Press Release
Results Show Potential for Higher "As Mined" Grade from the Underground
VANCOUVER, May 26, 2011 /CNW/ -
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) is pleased to announce results from a highly successful underground delineation drill program at its 100% owned Young-Davidson Mining Project located in northern Ontario.
Delineation drilling was initiated to define the stope limits for underground mining within the Upper Boundary Zone ("UBZ"). Results from the drill program have confirmed the grade, continuity and width of the UBZ, which contains 3.64 million tonnes of ore and is scheduled for mining in the early years of underground production. Young-Davidson is currently forecasting an initial 15-year mine-life with production commencing in 2012 from a small open pit before mining moves underground in 2014. The area of delineation drilling covers approximately half of the ore tonnage in the UBZ.
UBZ Drill Highlights
•The UBZ delineation drill program consisted of 66 holes with much closer-spaced drilling than what was used to develop the initial reserve. When combined with the historic "as mined" ore grade on the property of 3.39 grams per tonne (g/t), results continue to suggest a strong probability that the ore grade will be closer to the historic "as mined" grade when the underground orebody is actually mined.
•Of the 66 holes that were drilled in the UBZ, 26 holes returned a significant result of greater than 95 gram-metres and 70% of the holes returned greater than 50 gram-metres.
•Hole YR-36: returned 11.13 g/t uncut over 44.0 metres ("m") (estimated 37.0 m true thickness).
•Hole YR-17: returned 6.34 g/t uncut over 44.0 m (estimated 43.6 m true thickness).
•Hole YR-16: returned 5.32 g/t over 54.8 m (estimated 45.9 m true thickness).
•Hole YM10-16: returned 4.64 g/t over 58.8 m (estimated 51.3 m true thickness).
•Drill results reported herein will be used to update reserve and resource estimates at the end of the year.
http://www.northgateminerals.com/news-and-media/press-releas…
Underground Delineation Drilling at Young-Davidson Confirms Zone Geometry and Grade 05.26.2011
Download this Press Release
Results Show Potential for Higher "As Mined" Grade from the Underground
VANCOUVER, May 26, 2011 /CNW/ -
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) is pleased to announce results from a highly successful underground delineation drill program at its 100% owned Young-Davidson Mining Project located in northern Ontario.
Delineation drilling was initiated to define the stope limits for underground mining within the Upper Boundary Zone ("UBZ"). Results from the drill program have confirmed the grade, continuity and width of the UBZ, which contains 3.64 million tonnes of ore and is scheduled for mining in the early years of underground production. Young-Davidson is currently forecasting an initial 15-year mine-life with production commencing in 2012 from a small open pit before mining moves underground in 2014. The area of delineation drilling covers approximately half of the ore tonnage in the UBZ.
UBZ Drill Highlights
•The UBZ delineation drill program consisted of 66 holes with much closer-spaced drilling than what was used to develop the initial reserve. When combined with the historic "as mined" ore grade on the property of 3.39 grams per tonne (g/t), results continue to suggest a strong probability that the ore grade will be closer to the historic "as mined" grade when the underground orebody is actually mined.
•Of the 66 holes that were drilled in the UBZ, 26 holes returned a significant result of greater than 95 gram-metres and 70% of the holes returned greater than 50 gram-metres.
•Hole YR-36: returned 11.13 g/t uncut over 44.0 metres ("m") (estimated 37.0 m true thickness).
•Hole YR-17: returned 6.34 g/t uncut over 44.0 m (estimated 43.6 m true thickness).
•Hole YR-16: returned 5.32 g/t over 54.8 m (estimated 45.9 m true thickness).
•Hole YM10-16: returned 4.64 g/t over 58.8 m (estimated 51.3 m true thickness).
•Drill results reported herein will be used to update reserve and resource estimates at the end of the year.
http://www.northgateminerals.com/news-and-media/press-releas…
Zum Jahresende 2011 wird es einen neuen NI geben.
Alle die in der letzten Woche neu veröffentlichten BE, gemeint sind alle die in der News, fett dargestellten Ergebnisse, werden den NI mindestens um 25 % höher treiben.
das sind dann Ende 2011 auf der Mine Young Davidson 3.5 bis 4 Mill Ounzen als indicedet, die uns mitgeteilt werden. Und das wird eine Verlängerung der Lebensdauer der Mine von 15 Jahre auf mindestens 20 J? erhöhen.
Und hier das neueste von der Gold- Und Silberfront:
Ist ja wohl schon bekannt, dieser Blog, oder ?
Sonntag, 29. Mai 20112011-Mai-29
Gold und Silber im Tages- und Wochenchart
Moin und nach der Erobernug der Marke von 1533 wartet schon bei 1545-1550 der nächste relevante Widerstand auf Gold.
http://wolkep.blogspot.com/
Alle die in der letzten Woche neu veröffentlichten BE, gemeint sind alle die in der News, fett dargestellten Ergebnisse, werden den NI mindestens um 25 % höher treiben.
das sind dann Ende 2011 auf der Mine Young Davidson 3.5 bis 4 Mill Ounzen als indicedet, die uns mitgeteilt werden. Und das wird eine Verlängerung der Lebensdauer der Mine von 15 Jahre auf mindestens 20 J? erhöhen.
Und hier das neueste von der Gold- Und Silberfront:
Ist ja wohl schon bekannt, dieser Blog, oder ?
Sonntag, 29. Mai 20112011-Mai-29
Gold und Silber im Tages- und Wochenchart
Moin und nach der Erobernug der Marke von 1533 wartet schon bei 1545-1550 der nächste relevante Widerstand auf Gold.
http://wolkep.blogspot.com/
Leider werden wir durch die Kurssteigerungen der Edelmetalle keine vernünftigen Währungen mehr bekommen denn diese werden alle, sowohl Dollar, Yen als auch Euro nur noch als Klopapier Verwendung finden.
Vielleicht ist ja auch noch der Besitz von Minen-Aktien ein gutes Mittel gegen den Verfall der Währungen. Nur hier besteht die Möglichkeit uns diese weg zu nehmen oder uns einfach zu enteignen. Da ist es schon besser man hat physische Edelmetalle gebunkert.
Die Edelmetalle werden zum reinen Tauschobjekt. Das heißt wir müssen uns mit reichlich von denen ausrüsten.
Der Euro ist bald Klopapier
Freitag, 27. Mai 2011 , von Freeman um 11:00
Wenn der Kurssturz des Euro so weiter- geht, dann sind die Euro-Banknoten bald nur noch als Klopapier zu gebrauchen. Während der Nacht fiel der Kurs auf sagenhafte 1,2164 gegenüber den Franken. Der Vertrauensverlust und Abverkauf geht ständig weiter.
Bei meinem letzten Bericht über den Wertzerfall des Euro vom 9. Mai meldete ich bereits einen Kurssturz von 1,2626 auf 1,2494 und seit dem fällt und fällt der Euro weiter. In den letzten 3 Jahren hat der Euro ein Viertel seines Wertes verloren, sagenhafte 25 Prozent!
Hier weiterlesen: Alles Schall und Rauch: Der Euro ist bald Klopapier http://alles-schallundrauch.blogspot.com/2011/05/der-euro-is…
Vielleicht ist ja auch noch der Besitz von Minen-Aktien ein gutes Mittel gegen den Verfall der Währungen. Nur hier besteht die Möglichkeit uns diese weg zu nehmen oder uns einfach zu enteignen. Da ist es schon besser man hat physische Edelmetalle gebunkert.
Die Edelmetalle werden zum reinen Tauschobjekt. Das heißt wir müssen uns mit reichlich von denen ausrüsten.
Der Euro ist bald Klopapier
Freitag, 27. Mai 2011 , von Freeman um 11:00
Wenn der Kurssturz des Euro so weiter- geht, dann sind die Euro-Banknoten bald nur noch als Klopapier zu gebrauchen. Während der Nacht fiel der Kurs auf sagenhafte 1,2164 gegenüber den Franken. Der Vertrauensverlust und Abverkauf geht ständig weiter.
Bei meinem letzten Bericht über den Wertzerfall des Euro vom 9. Mai meldete ich bereits einen Kurssturz von 1,2626 auf 1,2494 und seit dem fällt und fällt der Euro weiter. In den letzten 3 Jahren hat der Euro ein Viertel seines Wertes verloren, sagenhafte 25 Prozent!
Hier weiterlesen: Alles Schall und Rauch: Der Euro ist bald Klopapier http://alles-schallundrauch.blogspot.com/2011/05/der-euro-is…
Bestätigung des zuvor eingestellten Artikels.
Trotzdem bin ich gespannt wann wir hier wieder die 2 Euro überspringen werden ? Mehr nicht.
Wartet nur ab bald ist es soweit. Ich schätze 10vor12 haben wir schon.
100'000 versammelten sich in Athen
Montag, 30. Mai 2011 , von Freeman um 00:05
Eine noch nie da gewesene Menschenmenge hat sich am Sonntag auf dem Platz der Verfassung in Athen versammelt. Aber nicht nur dort, sondern viele andere Plätze, wie Amalia, Filellinon und das Stadion der Universität waren voll. Alle Strassen die zum Parlament führten waren mit Menschen gefüllt. Es wurden mindestens 100'000 dabei gezählt.
Griechen aus allen Bevölkerungsschichten kamen zusammen, um an Europa und der Welt ein klares Signal zu senden, die Griechen akzeptieren nicht die strengen Sparmassnahmen, die ihnen vom IWF, der EU und der griechischen Regierung aufgezwungen werden. Sie haben es satt, den Preis für die Verbrechen der Elite zu zahlen.
Sie schwangen Fahnen und zeigten Banner, benutzen Trillerpfeifen und schlugen auf Kochtöpfe, als Ausdruck ihres Protest.
Über dem Platz der Verfassung errichteten sie eine Bühne und dort spielten Musikgruppen. Daneben traten Künstler und Akrobaten auf, Jugendliche führten Theaterszenen auf.
Weitere Grossdemonstrationen fanden auch in anderen Städte quer über Griechenland statt. Am Montag geht es mit den Demonstrationen weiter und viele der Aktivisten bleiben die ganze Nacht auf dem Platz der Verfassung in Athen.
Die Griechen kennen den Feind. Sie sagen, vergesst die politischen Parteien, sie sind alle gleich. Sie arbeiten alle für das blutsaugende System der Bankster. Das Land ist von den ausländischen Banken vergewaltigt worden, die mit der inländischen verräterischen Plutokratie zusammenarbeitet, unter der Führung von Papandreou.
Hier weiterlesen: Alles Schall und Rauch: 100'000 versammelten sich in Athen http://alles-schallundrauch.blogspot.com/2011/05/100000-vers…
Trotzdem bin ich gespannt wann wir hier wieder die 2 Euro überspringen werden ? Mehr nicht.
Wartet nur ab bald ist es soweit. Ich schätze 10vor12 haben wir schon.
100'000 versammelten sich in Athen
Montag, 30. Mai 2011 , von Freeman um 00:05
Eine noch nie da gewesene Menschenmenge hat sich am Sonntag auf dem Platz der Verfassung in Athen versammelt. Aber nicht nur dort, sondern viele andere Plätze, wie Amalia, Filellinon und das Stadion der Universität waren voll. Alle Strassen die zum Parlament führten waren mit Menschen gefüllt. Es wurden mindestens 100'000 dabei gezählt.
Griechen aus allen Bevölkerungsschichten kamen zusammen, um an Europa und der Welt ein klares Signal zu senden, die Griechen akzeptieren nicht die strengen Sparmassnahmen, die ihnen vom IWF, der EU und der griechischen Regierung aufgezwungen werden. Sie haben es satt, den Preis für die Verbrechen der Elite zu zahlen.
Sie schwangen Fahnen und zeigten Banner, benutzen Trillerpfeifen und schlugen auf Kochtöpfe, als Ausdruck ihres Protest.
Über dem Platz der Verfassung errichteten sie eine Bühne und dort spielten Musikgruppen. Daneben traten Künstler und Akrobaten auf, Jugendliche führten Theaterszenen auf.
Weitere Grossdemonstrationen fanden auch in anderen Städte quer über Griechenland statt. Am Montag geht es mit den Demonstrationen weiter und viele der Aktivisten bleiben die ganze Nacht auf dem Platz der Verfassung in Athen.
Die Griechen kennen den Feind. Sie sagen, vergesst die politischen Parteien, sie sind alle gleich. Sie arbeiten alle für das blutsaugende System der Bankster. Das Land ist von den ausländischen Banken vergewaltigt worden, die mit der inländischen verräterischen Plutokratie zusammenarbeitet, unter der Führung von Papandreou.
Hier weiterlesen: Alles Schall und Rauch: 100'000 versammelten sich in Athen http://alles-schallundrauch.blogspot.com/2011/05/100000-vers…
NXG bohrt immer weiter und das tollste daran ist, sie finden auch immer weiteres Gold in ihren Liegenschaften.
Das sind Die Goldfelder sie uns als Aktionäre wohl doch noch etwas einbringen werden, hoffentlich.
Northgate Intersects 4.31 Grams per Tonne Gold Over 79.6 Metres at Young-Davidson 06.07.2011
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/201…
Figure 2 - 9300m Level Plan
See Figure 2: www.northgateminerals.com/Theme/Northgate/files/Releases/201…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.
http://www.northgateminerals.com/news-and-media/press-releas…
Das sind Die Goldfelder sie uns als Aktionäre wohl doch noch etwas einbringen werden, hoffentlich.
Northgate Intersects 4.31 Grams per Tonne Gold Over 79.6 Metres at Young-Davidson 06.07.2011
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/201…
Figure 2 - 9300m Level Plan
See Figure 2: www.northgateminerals.com/Theme/Northgate/files/Releases/201…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.
http://www.northgateminerals.com/news-and-media/press-releas…
Ob dieses Projekt einmal genauso wertvoll werden wird, wie seinerzeit die Übernahme der Mine Young Davidson, in Ontario ?
Es wär uns allen zu wünschen. Bin gespannt auf die Ergebnisse auf die Zahlen in 4 bzw. in 6 Wochen.
Northgate Minerals Initiates Drill Program at the Awakening Gold Project, Nevada 06.23.2011
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
* * * * * * *
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 . . . . .
http://www.northgateminerals.com/news-and-media/press-releas…
Es wär uns allen zu wünschen. Bin gespannt auf die Ergebnisse auf die Zahlen in 4 bzw. in 6 Wochen.
Northgate Minerals Initiates Drill Program at the Awakening Gold Project, Nevada 06.23.2011
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
* * * * * * *
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 . . . . .
http://www.northgateminerals.com/news-and-media/press-releas…
Fleissig sind diese Leute das muß man schon sagen.
Egal wo sie bohren, sie finden fast überall Edelmetalle, wie gestern in Nevada und heute wieder in Ontario, auf der Young Davidson Mine.
Northgate Minerals Provides Update on Construction and Exploration Activities at Young-Davidson
06.24.2011
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", as such term
http://www.northgateminerals.com/news-and-media/press-releas…
Egal wo sie bohren, sie finden fast überall Edelmetalle, wie gestern in Nevada und heute wieder in Ontario, auf der Young Davidson Mine.
Northgate Minerals Provides Update on Construction and Exploration Activities at Young-Davidson
06.24.2011
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", as such term
http://www.northgateminerals.com/news-and-media/press-releas…
Filmscenen von der Young Davidson Mine in Ontario:
Young-Davidson Mine 3D Drill Tour, May 2011
http://www.youtube.com/watch?v=FDNEjNMIvGc
Young-Davidson Mine 3D Drill Tour, May 2011
http://www.youtube.com/watch?v=FDNEjNMIvGc
Jeder Investierte in Northgate Minerals sollte den Umsatz-, den Ebita-, den Ebit und auch den Gewinnsprung je Aktie für das Jahr 2012 beachten.
Meines Erachten wird NXG wieder in die Höhen von knapp 4 Euro im nächsten Jahr notieren.
Kann natürlich auch ganz anders kommen wenn nicht alles so läuft wie von dem Managment geplant.
Schätzungen
für's jahr----------------2012 e-----------2011 e--------------2010
Umsatz------------------401,34 Mio.-----324,47 Mio.-------485,05 Mio.
-
EbitDa----------------160,00 Mio.--------98,00 Mio.--------127,92 Mio.
EBIT-------------------55,35 Mio.-------21,08 Mio.----------13,90 Mio.
Gewinn je Aktie--------0,175------------0,045----------------0,07
KGV-------------------14,7428-----------57,3331-------------45,7143
KCV--------------------4,8453------------7,8361--------------6,1538
Dividende je Aktie-----0,00--------------0,00--------------------0,00
Dividendenrendite----0,00%------------0,00%-----------------0,00%
Cashflow je Aktie------0,5325----------0,3292--------------0,52
Nettovermögen je
Aktie---------------------1,7685----------1,6815--------------1,8695
Nettoverschuldung***-22,93 Mio.**-57,48 Mio.*****-162,80 Mio.
* negative Prognose = Nettogeldbestand
Bilanz---------Aktuell vor 1 Monat-------vor 3 Monaten---------vor 1 Jahr
Gewinn je Aktie-----0,045--------------------0,045-----------------0,07 --
KGV---------------- 57,3331-----------------62,4442---------------38,2857 --
Cashflow je Aktie---0,3292-------------------0,325-----------------0,3479 --
Gewinnwachstum(unab-
hängige Schätzung)**-35,71%*****************-35,71%*****************0,00% --
Quelle: JCF Consensus Estimates - Angaben in USD
Meines Erachten wird NXG wieder in die Höhen von knapp 4 Euro im nächsten Jahr notieren.
Kann natürlich auch ganz anders kommen wenn nicht alles so läuft wie von dem Managment geplant.
Schätzungen
für's jahr----------------2012 e-----------2011 e--------------2010
Umsatz------------------401,34 Mio.-----324,47 Mio.-------485,05 Mio.
-
EbitDa----------------160,00 Mio.--------98,00 Mio.--------127,92 Mio.
EBIT-------------------55,35 Mio.-------21,08 Mio.----------13,90 Mio.
Gewinn je Aktie--------0,175------------0,045----------------0,07
KGV-------------------14,7428-----------57,3331-------------45,7143
KCV--------------------4,8453------------7,8361--------------6,1538
Dividende je Aktie-----0,00--------------0,00--------------------0,00
Dividendenrendite----0,00%------------0,00%-----------------0,00%
Cashflow je Aktie------0,5325----------0,3292--------------0,52
Nettovermögen je
Aktie---------------------1,7685----------1,6815--------------1,8695
Nettoverschuldung***-22,93 Mio.**-57,48 Mio.*****-162,80 Mio.
* negative Prognose = Nettogeldbestand
Bilanz---------Aktuell vor 1 Monat-------vor 3 Monaten---------vor 1 Jahr
Gewinn je Aktie-----0,045--------------------0,045-----------------0,07 --
KGV---------------- 57,3331-----------------62,4442---------------38,2857 --
Cashflow je Aktie---0,3292-------------------0,325-----------------0,3479 --
Gewinnwachstum(unab-
hängige Schätzung)**-35,71%*****************-35,71%*****************0,00% --
Quelle: JCF Consensus Estimates - Angaben in USD
Antwort auf Beitrag Nr.: 41.715.204 von boersentrader02 am 29.06.11 10:59:33In dem 2. Teil der Berechnungsdarstellung hat sich leider ein Fehler eingeschlichen.
Die dargestellte 1. Zahl beziieht sich auf den aktuellen Stand. die 2. Zahl auf den Stand vor einem Monat, die 3. Zahl auf den Stand von vor 3 Monaten.
Unter der Darstellung von vor 1 Jahr ist die Berechnung nicht erfolgt und somit ist dort keine Zahl genannt worden.
Bilanz------------Aktuell-----or 1 Monat-------vor 3 Monaten---------vor 1 Jahr
Gewinn je Aktie-----0,045----------0,045-----------0,07 ----------------------./.
KGV-----------------57,3331----------62,4442-------38,2857-----------------./.
Cashflow je Aktie---0,3292--------0,325-----------0,3479------------------./.
Gewinnwachstum(unab-
hängige Schätzung)**-35,71%**-35,71%*****0,00%------------------./.
Quelle: JCF Consensus Estimates - Angaben in USD
Die dargestellte 1. Zahl beziieht sich auf den aktuellen Stand. die 2. Zahl auf den Stand vor einem Monat, die 3. Zahl auf den Stand von vor 3 Monaten.
Unter der Darstellung von vor 1 Jahr ist die Berechnung nicht erfolgt und somit ist dort keine Zahl genannt worden.
Bilanz------------Aktuell-----or 1 Monat-------vor 3 Monaten---------vor 1 Jahr
Gewinn je Aktie-----0,045----------0,045-----------0,07 ----------------------./.
KGV-----------------57,3331----------62,4442-------38,2857-----------------./.
Cashflow je Aktie---0,3292--------0,325-----------0,3479------------------./.
Gewinnwachstum(unab-
hängige Schätzung)**-35,71%**-35,71%*****0,00%------------------./.
Quelle: JCF Consensus Estimates - Angaben in USD
NORTHGATE MINERALS CORPORATION
Attention Business Editors
Northgate Minerals Corporation - Conference Call and Webcast Notice of Q2 Financial Results
NGX - TSX
NXG - NYSE AMEX
VANCOUVER, July 4, 2011 /CNW/ -
You are invited to participate in the
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) live conference call
and webcast discussing our second quarter financial results. The conference
call and webcast will take place on Friday, August 5, 2011 at 10:00 am Toronto
time.
Northgate's second quarter financial results will be released before
the market opens on August 5.
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 audio webcast and presentation package will be available on
Northgate's homepage at www.northgateminerals.com or
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3587…
Conference Replay
A replay of the conference call will be available beginning on August 5,
2011 at 1:00 p.m. ET until August 19, 2011 at 11:59 p.m. ET.
<<
Replay Access No. 416-849-0833 Passcode: 7915 6397#
Replay Access No. 800-642-1687 Passcode: 7915 6397#
>>
* * * * * *
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.
* * * * * *
To view this news release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/July2011/04/c3097…
Attention Business Editors
Northgate Minerals Corporation - Conference Call and Webcast Notice of Q2 Financial Results
NGX - TSX
NXG - NYSE AMEX
VANCOUVER, July 4, 2011 /CNW/ -
You are invited to participate in the
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) live conference call
and webcast discussing our second quarter financial results. The conference
call and webcast will take place on Friday, August 5, 2011 at 10:00 am Toronto
time.
Northgate's second quarter financial results will be released before
the market opens on August 5.
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 audio webcast and presentation package will be available on
Northgate's homepage at www.northgateminerals.com or
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3587…
Conference Replay
A replay of the conference call will be available beginning on August 5,
2011 at 1:00 p.m. ET until August 19, 2011 at 11:59 p.m. ET.
<<
Replay Access No. 416-849-0833 Passcode: 7915 6397#
Replay Access No. 800-642-1687 Passcode: 7915 6397#
>>
* * * * * *
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.
* * * * * *
To view this news release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/July2011/04/c3097…
Ist ja schon ein paar Tage alt, aber m. E. auch heute noch sehr informativ.
Eichelburg spricht nicht von 5000 $, wie bereits andere Experten, sondern bereits von 10.000 $ und darüber für 1 Oz Gold.
Silber sieht er bei 1000 $ in den nächsten Monaten.
Was das bedeutet kann man sich garnicht vorstellen, dann wird das Laib Brot bestimmt 50 % einer Ounze Silber kosten, aber ohne Silber bekommst du überhaupt kein Brot mehr.
Ich werde demnächst in meinen Garten gehen und mir mein Gemüse und meine Kartoffel beim wachsen zusehen. ob mir das hilft ?
Solange sollte, nein, muß es noch gutgehen mit der Krise. In drei Monaten sieht es dann bestimmt schlimmer aus, als es heute ist, oder aber auch nicht, wer weiß ?
30.06.11 / 18:01
Eichelburg: "Das System kollabiert in den nächsten 12 Monaten"
http://www.daf.fm/video/eichelburg-das-system-kollabiert-in-…
Eichelburg spricht nicht von 5000 $, wie bereits andere Experten, sondern bereits von 10.000 $ und darüber für 1 Oz Gold.
Silber sieht er bei 1000 $ in den nächsten Monaten.
Was das bedeutet kann man sich garnicht vorstellen, dann wird das Laib Brot bestimmt 50 % einer Ounze Silber kosten, aber ohne Silber bekommst du überhaupt kein Brot mehr.
Ich werde demnächst in meinen Garten gehen und mir mein Gemüse und meine Kartoffel beim wachsen zusehen. ob mir das hilft ?
Solange sollte, nein, muß es noch gutgehen mit der Krise. In drei Monaten sieht es dann bestimmt schlimmer aus, als es heute ist, oder aber auch nicht, wer weiß ?
30.06.11 / 18:01
Eichelburg: "Das System kollabiert in den nächsten 12 Monaten"
http://www.daf.fm/video/eichelburg-das-system-kollabiert-in-…
Hier ist die Expertise der "Erste Bank" aus Österreich zum Gold, Autor ist Ronald Stöferle.
Alle Goldexperten haben auf diese Expertise gewartet und hier ist sie sogar kostenlos zu lesen, das ist doch wohl was, oder ?
Und das Gold sowie das Silber jagen jetzt auch wieder neue n Kurshöhen nach, nachdem Portugal auch von den Rating-Agenturen runter gestuft worden ist.
In GOLD we TRUST
Strukturelle Überschuldung spricht für
weitere Aufwertung von Gold
Gold erlebt derzeit eine Renaissance als
Anlageklasse
Negatives Realzinsniveau weiterhin
http://www.rottmeyer.de/wp-content/uploads/2011/07/Spezialre…
Alle Goldexperten haben auf diese Expertise gewartet und hier ist sie sogar kostenlos zu lesen, das ist doch wohl was, oder ?
Und das Gold sowie das Silber jagen jetzt auch wieder neue n Kurshöhen nach, nachdem Portugal auch von den Rating-Agenturen runter gestuft worden ist.
In GOLD we TRUST
Strukturelle Überschuldung spricht für
weitere Aufwertung von Gold
Gold erlebt derzeit eine Renaissance als
Anlageklasse
Negatives Realzinsniveau weiterhin
http://www.rottmeyer.de/wp-content/uploads/2011/07/Spezialre…
Das Ende wird nicht nur für die verschuldeten Staaten von Europa schrecklich sein, nein das gilt für alle Staaten des Staatenbundes Europa.
Am schlimmsten darunter zu leiden haben, die Deutschen da die mindestens bis zu 30 % aller gemeinsammen Schulden zu bezahlen haben.
Ich hoffe ihr nehmt euch das zu Herzen und folgt dem Tipp des Ökonomen Max Otte ?
Starökonom Max Otte
„Die Euro-Rettung ist Demagogie!“
Freitag, 08.07.2011, 06:16 · von FOCUS-MONEY-Korrespondent Bernd Johann
dpa/F. v. Erichsen
Der Ökonom und Fondsmanager Max Otte
Der Wissenschaftler und Finanzprofi Max Otte bringt Licht ins Verwirrspiel der Politiker um den Euro und fordert zum Widerstand auf. Anlegern rät er im Interview zu Aktien und Gold.
http://www.focus.de/finanzen/news/staatsverschuldung/tid-228…
Am schlimmsten darunter zu leiden haben, die Deutschen da die mindestens bis zu 30 % aller gemeinsammen Schulden zu bezahlen haben.
Ich hoffe ihr nehmt euch das zu Herzen und folgt dem Tipp des Ökonomen Max Otte ?
Starökonom Max Otte
„Die Euro-Rettung ist Demagogie!“
Freitag, 08.07.2011, 06:16 · von FOCUS-MONEY-Korrespondent Bernd Johann
dpa/F. v. Erichsen
Der Ökonom und Fondsmanager Max Otte
Der Wissenschaftler und Finanzprofi Max Otte bringt Licht ins Verwirrspiel der Politiker um den Euro und fordert zum Widerstand auf. Anlegern rät er im Interview zu Aktien und Gold.
http://www.focus.de/finanzen/news/staatsverschuldung/tid-228…
Nur für den Zinsvergleich stelle ich diesen Link nun mal hierein:
http://www.leitzinsen.info/zinsen.htm
http://www.leitzinsen.info/zinsen.htm
Northgate ist mal wieder fündig geworden.
Diesmal nicht bei den Edelmetallen Gold und Silber, nein, diesmal bei einem hochkarätigen Explorations- und Entwicklungs-Experten, nämlich Richard J. Hall.
Er tritt an die Stelle, die Ken Stowe, über ein Jahrzehnt inne hatte.
Wir Aktionäre können nur hoffen, das R.J. Hall, das Unternehmen in seiner guten Entwicklung weiterführen wird.
Ich drücke ihm schon jetzt alle Daumen die ich habe und erwarte das er das Unternehmen ebenso nach vorne bringen wird, wie er es in den weiter unten beschriebenen Unternehmen bereits geschafft hat.
Northgate Minerals Corporation Announces the Appointment of Richard Hall as President and CEO
07.11.2011
View Press Release (pdf) (PDF 75 KB)
VANCOUVER, July 11, 2011 /CNW/ -
Northgate Minerals Corporation ("Northgate" or the "Company") (TSX: NGX, NYSE Amex: NXG) is pleased to announce today the appointment of Mr. Richard J. Hall as President and Chief Executive Officer (CEO) of Northgate, effective July 11, 2011.
Mr. Hall brings to Northgate over 35 years of mining exploration and development experience and has been a member of Northgate's board of directors since 2008. Previously, Mr. Hall served as President and CEO of Metallica Resources Inc., where he was responsible for the financing, construction and commissioning of the Cerro San Pedro gold-silver mine in Mexico.
Mr. Hall was also involved in the discovery and development of the El Morro deposit located in Chile through to a final feasibility study. In August 2008, Metallica was part of a $1.6 billion merger with Peak Gold Ltd. and New Gold Inc. Previous to his tenure at Metallica, Mr. Hall held senior management positions with Dayton Mining Corporation and Pegasus Gold Corporation.[/b]
In welcoming the appointment, Terry Lyons, Northgate's Chairman of the Board, stated: "We are extremely fortunate to have someone of Ritch's calibre join the Northgate team. He has a proven ability to lead top performing companies and has a strong track record in driving shareholder value. We believe Ritch will use his leadership strengths and extensive mining background to take the company to the next level."
"I am excited to be part of this organization and build upon our strong core of assets" stated Mr. Hall. "With a growing production profile from Young-Davidson and the exciting Kemess Underground project in the pipeline, Northgate has a bright future. It's a great honour to join this team as we look to execute on our strategic objectives and to grow the company and shareholder value."
This appointment follows on the previously-announced retirement of Mr. Ken Stowe as Northgate's President and CEO. In conjunction with his retirement, Mr. Stowe has also stepped down from the board of directors effectively immediately.
Terry Lyons also paid tribute to Mr. Stowe upon the announcement of his retirement, noting: "For the past 12 years, Ken has worked tirelessly to achieve the growth of the company. Under Ken's leadership, he has assembled one of the most experienced operating teams in the industry that has seen the transformation of Kemess South into one of the most successful mines built in Canada and the extraordinary development of Young-Davidson, which will become the new cornerstone of the company. Throughout his tenure, Ken has inspired us with his tenacity and strategic thinking and the board of directors would like to recognize and express our gratitude for his service over the years."
Mr. Hall joins the company as it enters the final nine months of construction of the Young-Davidson mine. Targeting its first gold pour late in the first quarter of 2012, Young-Davidson continues to make excellent progress and remains on schedule and on budget. In addition, erection of the mill building has been completed and the installation of process equipment will begin shortly. Development activities underground have also made excellent progress, ramping up to a record average development rate of 15 metres per day in June.
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-releas…
Diesmal nicht bei den Edelmetallen Gold und Silber, nein, diesmal bei einem hochkarätigen Explorations- und Entwicklungs-Experten, nämlich Richard J. Hall.
Er tritt an die Stelle, die Ken Stowe, über ein Jahrzehnt inne hatte.
Wir Aktionäre können nur hoffen, das R.J. Hall, das Unternehmen in seiner guten Entwicklung weiterführen wird.
Ich drücke ihm schon jetzt alle Daumen die ich habe und erwarte das er das Unternehmen ebenso nach vorne bringen wird, wie er es in den weiter unten beschriebenen Unternehmen bereits geschafft hat.
Northgate Minerals Corporation Announces the Appointment of Richard Hall as President and CEO
07.11.2011
View Press Release (pdf) (PDF 75 KB)
VANCOUVER, July 11, 2011 /CNW/ -
Northgate Minerals Corporation ("Northgate" or the "Company") (TSX: NGX, NYSE Amex: NXG) is pleased to announce today the appointment of Mr. Richard J. Hall as President and Chief Executive Officer (CEO) of Northgate, effective July 11, 2011.
Mr. Hall brings to Northgate over 35 years of mining exploration and development experience and has been a member of Northgate's board of directors since 2008. Previously, Mr. Hall served as President and CEO of Metallica Resources Inc., where he was responsible for the financing, construction and commissioning of the Cerro San Pedro gold-silver mine in Mexico.
Mr. Hall was also involved in the discovery and development of the El Morro deposit located in Chile through to a final feasibility study. In August 2008, Metallica was part of a $1.6 billion merger with Peak Gold Ltd. and New Gold Inc. Previous to his tenure at Metallica, Mr. Hall held senior management positions with Dayton Mining Corporation and Pegasus Gold Corporation.[/b]
In welcoming the appointment, Terry Lyons, Northgate's Chairman of the Board, stated: "We are extremely fortunate to have someone of Ritch's calibre join the Northgate team. He has a proven ability to lead top performing companies and has a strong track record in driving shareholder value. We believe Ritch will use his leadership strengths and extensive mining background to take the company to the next level."
"I am excited to be part of this organization and build upon our strong core of assets" stated Mr. Hall. "With a growing production profile from Young-Davidson and the exciting Kemess Underground project in the pipeline, Northgate has a bright future. It's a great honour to join this team as we look to execute on our strategic objectives and to grow the company and shareholder value."
This appointment follows on the previously-announced retirement of Mr. Ken Stowe as Northgate's President and CEO. In conjunction with his retirement, Mr. Stowe has also stepped down from the board of directors effectively immediately.
Terry Lyons also paid tribute to Mr. Stowe upon the announcement of his retirement, noting: "For the past 12 years, Ken has worked tirelessly to achieve the growth of the company. Under Ken's leadership, he has assembled one of the most experienced operating teams in the industry that has seen the transformation of Kemess South into one of the most successful mines built in Canada and the extraordinary development of Young-Davidson, which will become the new cornerstone of the company. Throughout his tenure, Ken has inspired us with his tenacity and strategic thinking and the board of directors would like to recognize and express our gratitude for his service over the years."
Mr. Hall joins the company as it enters the final nine months of construction of the Young-Davidson mine. Targeting its first gold pour late in the first quarter of 2012, Young-Davidson continues to make excellent progress and remains on schedule and on budget. In addition, erection of the mill building has been completed and the installation of process equipment will begin shortly. Development activities underground have also made excellent progress, ramping up to a record average development rate of 15 metres per day in June.
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-releas…
Wie ich finde eine sehr gute 4-seitige Berichtersstattung aus dem "Canadian Mining Journal" aus June/July 2011
Northgate Minerals goes flat-out to bring historic gold
mine back into production
Mottos are usuallly just a string of catchy words
created to inspire people to do their best. Lord Baden-Powell told and
trained the Boy Scouts to “Be Prepared,” Nike says “Just Do It,” Ford insists “Quality
is Job One,” and even the Toronto Maple Leafs still say “We Beleaf,” but outside of
those few examples, there aren’t too many other mottos that come to mind.
http://www.northgateminerals.com/Theme/Northgate/files/media…
Northgate Minerals goes flat-out to bring historic gold
mine back into production
Mottos are usuallly just a string of catchy words
created to inspire people to do their best. Lord Baden-Powell told and
trained the Boy Scouts to “Be Prepared,” Nike says “Just Do It,” Ford insists “Quality
is Job One,” and even the Toronto Maple Leafs still say “We Beleaf,” but outside of
those few examples, there aren’t too many other mottos that come to mind.
http://www.northgateminerals.com/Theme/Northgate/files/media…
Auf dieser Seite gibt es weitere Infos für die Errichtung der Mine Young Davidson in Ontario/Kanada.
http://www.northernontariobusiness.com/Search.aspx?searchtex…
http://www.northernontariobusiness.com/Search.aspx?searchtex…
Unter diesem Link finden sie das gesprochene Wort der letzten "First Quarter Results Conference" von NXG am 10. May 2011:
Der Titel des Berichtes lautet:
NGX.TO - Northgate Minerals Corp Annual General Shareholders
Meeting and Q1 2011 First Quarter Result Conference Call
Event Date/Time: May. 10. 2011 / 2:00PM GMT
THOMSON REUTERS STREETEVENTS | www.streetevents.com | Contact Us
©2011
http://www.northgateminerals.com/Theme/Northgate/files/pdf/T…
Der Titel des Berichtes lautet:
NGX.TO - Northgate Minerals Corp Annual General Shareholders
Meeting and Q1 2011 First Quarter Result Conference Call
Event Date/Time: May. 10. 2011 / 2:00PM GMT
THOMSON REUTERS STREETEVENTS | www.streetevents.com | Contact Us
©2011
http://www.northgateminerals.com/Theme/Northgate/files/pdf/T…
Carlos A. Gebauer über den Gesetzentwurf zum europäischen Stabilitätsmechanismus (ESM)
Juli 12, 2011by Frank Meyer
Ausschnitt aus dem Vortrag von Carlos A. Gebauer am 02. Juli 2011
YouTube – Carlos A. Gebauer – Über den Gesetzentwurf zum eu….
http://www.rottmeyer.de/category/videoblog/
Juli 12, 2011by Frank Meyer
Ausschnitt aus dem Vortrag von Carlos A. Gebauer am 02. Juli 2011
YouTube – Carlos A. Gebauer – Über den Gesetzentwurf zum eu….
http://www.rottmeyer.de/category/videoblog/
Northgate geht wieder auf Einkaufstour. Sie kaufen der großen Gold Corp die Primero Mining ab.
Ist daran schon der neue CEO beteiligt ?
Bin echt gespannt wie es weiter gehen wird.
Goldcorp Gives Assent To Acquisition Of Primero Mining By Northgate Minerals
OTTAWA (dpa-AFX) - Goldcorp Inc. (GG,G.TO) said Wednesday it agreed to support the proposed transaction by which Northgate Minerals Corporation (NGX.TO) will acquire all of the issued and outstanding shares of Primero Mining Corp (P.TO).
Goldcorp controls 35.5 percent of the outstanding shares of Primero, and has agreed to vote its shares in support of the arrangement.
Upon completion of the arrangement, Goldcorp would receive 46.7 million Northgate shares representing approximately 11 percent of Northgate's outstanding shares.
The transaction will be effected through a plan of arrangement under the British Columbia Business Corporations Act.
http://www.finanznachrichten.de/nachrichten-2011-07/20781977…
Ist daran schon der neue CEO beteiligt ?
Bin echt gespannt wie es weiter gehen wird.
Goldcorp Gives Assent To Acquisition Of Primero Mining By Northgate Minerals
OTTAWA (dpa-AFX) - Goldcorp Inc. (GG,G.TO) said Wednesday it agreed to support the proposed transaction by which Northgate Minerals Corporation (NGX.TO) will acquire all of the issued and outstanding shares of Primero Mining Corp (P.TO).
Goldcorp controls 35.5 percent of the outstanding shares of Primero, and has agreed to vote its shares in support of the arrangement.
Upon completion of the arrangement, Goldcorp would receive 46.7 million Northgate shares representing approximately 11 percent of Northgate's outstanding shares.
The transaction will be effected through a plan of arrangement under the British Columbia Business Corporations Act.
http://www.finanznachrichten.de/nachrichten-2011-07/20781977…
Northgate Minerals to acquire Primero Mining in deal valued at US$409 million
On Wednesday July 13, 2011, 4:30 pm
By Craig Wong, The Canadian Press
Northgate Minerals Corp. (TSX:NGX) has agreed to acquire Primero Mining Corp. (TSX:P) in a deal valued at US$ 409 million in stock and debt that the two sides say creates a platform for more acquisitions.
Primero chief executive Joe Conway, who will head the combined company, said investors should expect more deals as Northgate will have the heft and cash flow necessary to buy projects.
"I think you can assume pretty safely that we're going to grow this thing through acquisitions, there's no question," Conway told a conference call with financial analysts Wednesday.
"The general model is you buy a company or a project for shares and you build it with your cash and cash flow, so that is untouched."
The combined company will have a market value of about $1.2 billion. The deal adds Primero's San Dimas mine in Mexico to Northgate's stable of operating assets, while Primero shareholders get a stake in a company that owns more than one mine.
Northgate is building the Young-Davidson mine in northern Ontario and hopes to pour the first gold from the project next year. The company also has the Fosterville and Stawell gold mines in Australia, however the mines have been disappointing.
Conway said the Australian operations, which both reported net cash costs of more than $1,000 per ounce of gold produced in the first quarter, will be reviewed carefully.
"We are expecting certain things to happen in the second half of the year that will improve the operations and if that happens, great. If not, then we will obviously have to look where we are at that time," he said.
John Ing, president and CEO at Maison Placements and a gold analyst, said Conway brings strong leadership to Northgate, which has struggled in recent years.
"I believe Northgate in essence is buying management," Ing said of Conway, who helped build Iamgold (TSX:IMG) into an intermediate gold producer.
"There will be a lot of changes at Northgate."
Ing said Conway will likely use the larger combined company to make deals that would have been harder to do if Primero remained independent.
"He's probably going to look for production because with production you get cash flow," Ing said.
Under the agreement Wednesday, Primero shareholders will get 1.5 Northgate shares for each of their shares, valuing them at about $4.215 based on Northgate's share price Tuesday.
Primero shares closed up 46 cents or 12 per cent at $4.16 in trading Wednesday on the Toronto Stock Exchange, while Northgate shares closed up a penny at $2.82.
The deal, which will require approval by two-thirds of Primero shareholders and a majority of Northgate shareholders, will see Primero shareholders hold a 31 per cent stake in the combined company and Northgate shareholders hold a 69 per cent stake.
Northgate chairman Terry Lyons will be chairman, while Richard Hall, who was appointed chief executive of Northgate earlier this week, will be a director of the company.
The agreement also includes a $25-million break fee payable to Primero if Northgate walks away from the deal and $12 million that is payable to Northgate if Primero cancels.
The agreement has the support of Goldcorp Inc. (TSX:G), which owns 35.5 per cent of Primero's outstanding shares.
Under the deal, Goldcorp will receive 46.7 million Northgate shares representing a roughly 11 per cent stake in the combined company.
On Wednesday July 13, 2011, 4:30 pm
By Craig Wong, The Canadian Press
Northgate Minerals Corp. (TSX:NGX) has agreed to acquire Primero Mining Corp. (TSX:P) in a deal valued at US$ 409 million in stock and debt that the two sides say creates a platform for more acquisitions.
Primero chief executive Joe Conway, who will head the combined company, said investors should expect more deals as Northgate will have the heft and cash flow necessary to buy projects.
"I think you can assume pretty safely that we're going to grow this thing through acquisitions, there's no question," Conway told a conference call with financial analysts Wednesday.
"The general model is you buy a company or a project for shares and you build it with your cash and cash flow, so that is untouched."
The combined company will have a market value of about $1.2 billion. The deal adds Primero's San Dimas mine in Mexico to Northgate's stable of operating assets, while Primero shareholders get a stake in a company that owns more than one mine.
Northgate is building the Young-Davidson mine in northern Ontario and hopes to pour the first gold from the project next year. The company also has the Fosterville and Stawell gold mines in Australia, however the mines have been disappointing.
Conway said the Australian operations, which both reported net cash costs of more than $1,000 per ounce of gold produced in the first quarter, will be reviewed carefully.
"We are expecting certain things to happen in the second half of the year that will improve the operations and if that happens, great. If not, then we will obviously have to look where we are at that time," he said.
John Ing, president and CEO at Maison Placements and a gold analyst, said Conway brings strong leadership to Northgate, which has struggled in recent years.
"I believe Northgate in essence is buying management," Ing said of Conway, who helped build Iamgold (TSX:IMG) into an intermediate gold producer.
"There will be a lot of changes at Northgate."
Ing said Conway will likely use the larger combined company to make deals that would have been harder to do if Primero remained independent.
"He's probably going to look for production because with production you get cash flow," Ing said.
Under the agreement Wednesday, Primero shareholders will get 1.5 Northgate shares for each of their shares, valuing them at about $4.215 based on Northgate's share price Tuesday.
Primero shares closed up 46 cents or 12 per cent at $4.16 in trading Wednesday on the Toronto Stock Exchange, while Northgate shares closed up a penny at $2.82.
The deal, which will require approval by two-thirds of Primero shareholders and a majority of Northgate shareholders, will see Primero shareholders hold a 31 per cent stake in the combined company and Northgate shareholders hold a 69 per cent stake.
Northgate chairman Terry Lyons will be chairman, while Richard Hall, who was appointed chief executive of Northgate earlier this week, will be a director of the company.
The agreement also includes a $25-million break fee payable to Primero if Northgate walks away from the deal and $12 million that is payable to Northgate if Primero cancels.
The agreement has the support of Goldcorp Inc. (TSX:G), which owns 35.5 per cent of Primero's outstanding shares.
Under the deal, Goldcorp will receive 46.7 million Northgate shares representing a roughly 11 per cent stake in the combined company.
Northgate Minerals, Primero agree to merge
http://financialpostbusiness.files.wordpress.com/2011/07/gol…
Peter Koven Jul 13, 2011 – 9:18 AM ET | Last Updated: Jul 13, 2011 10:10 AM ET
Canadian gold miners Northgate Minerals Corp. and Primero Mining Corp. have agreed to merge in a deal that creates a $1.2-billion mid-tier producer with gold assets in Canada, Mexico and Australia.
Under the terms of the deal, Northgate will acquire Primero by exchanging 1.5 of its shares for each Primero share. Mining veteran Joe Conway, currently Primero’s chief executive, will be CEO of the whole company, while Northgate chairman Terry Lyons will stay in that job.
“We are executing on our strategy of low-risk growth through this consolidation,” Mr. Conway said in a statement. “This is a unique opportunity that brings together two very complementary asset bases and groups of management.”
The combined company will have three producing gold mines with production of about 320,000 ounces this year, expected to increase to 550,000 in 2013 after Northgate’s Young-Davidson mine in Ontario goes into production. Cash costs are also expected to decline in that period.
Primero’s only asset right now is the San Dimas mine in Mexico, so this deal makes it a much more diversified company. For Northgate shareholders, the merger provides more cash flow to fund construction of Young-Davidson.
The two companies also hope the merger will lead to a valuation re-rating, more analyst coverage and liquidity, and a strong financial position that will allow them to chase acquisitions and other opportunities.
The deal comes amid a very busy period for M&A in the mining space as companies look to gain scale, increase production and take advantage of sky-high metal prices.
Mr. Conway was the longtime chief executive of Iamgold Corp. before joining Primero last year, when the company bought the San Dimas mine from Goldcorp Inc.
Posted in: Investing, Mining Tags: gold, gold miners, Joe Conway, Mining, Northgate Minerals, Primero Mining, Terry Lyons
http://business.financialpost.com/2011/07/13/northgate-miner…
http://financialpostbusiness.files.wordpress.com/2011/07/gol…
Peter Koven Jul 13, 2011 – 9:18 AM ET | Last Updated: Jul 13, 2011 10:10 AM ET
Canadian gold miners Northgate Minerals Corp. and Primero Mining Corp. have agreed to merge in a deal that creates a $1.2-billion mid-tier producer with gold assets in Canada, Mexico and Australia.
Under the terms of the deal, Northgate will acquire Primero by exchanging 1.5 of its shares for each Primero share. Mining veteran Joe Conway, currently Primero’s chief executive, will be CEO of the whole company, while Northgate chairman Terry Lyons will stay in that job.
“We are executing on our strategy of low-risk growth through this consolidation,” Mr. Conway said in a statement. “This is a unique opportunity that brings together two very complementary asset bases and groups of management.”
The combined company will have three producing gold mines with production of about 320,000 ounces this year, expected to increase to 550,000 in 2013 after Northgate’s Young-Davidson mine in Ontario goes into production. Cash costs are also expected to decline in that period.
Primero’s only asset right now is the San Dimas mine in Mexico, so this deal makes it a much more diversified company. For Northgate shareholders, the merger provides more cash flow to fund construction of Young-Davidson.
The two companies also hope the merger will lead to a valuation re-rating, more analyst coverage and liquidity, and a strong financial position that will allow them to chase acquisitions and other opportunities.
The deal comes amid a very busy period for M&A in the mining space as companies look to gain scale, increase production and take advantage of sky-high metal prices.
Mr. Conway was the longtime chief executive of Iamgold Corp. before joining Primero last year, when the company bought the San Dimas mine from Goldcorp Inc.
Posted in: Investing, Mining Tags: gold, gold miners, Joe Conway, Mining, Northgate Minerals, Primero Mining, Terry Lyons
http://business.financialpost.com/2011/07/13/northgate-miner…
Hier ist der heutige Kurs von Primero Mining. Aufgrund des Übernahmeangebotes von Northgate stieg Primero um über 12 %.
http://finance.yahoo.com/q?s=P.TO
http://finance.yahoo.com/q?s=P.TO
Hier ist der Text einmal in deutscher Sprache.
11:38 | 14.07.2011
Northgate Minerals übernimmt Primero für 370,4 Mio. CAD in Aktien
Die kanadischen Goldproduzenten Northgate Minerals (WKN 856029) und Primero Mining (WKN A1C15L) haben einem Zusammenschluss zugestimmt, der einen 1,2 Mrd Dollar schweren mittelgroßen Goldproduzenten mit Assets in Kanada, Mexiko und Australien entstehen lassen wird.
Der Deal sieht vor, dass Northgate Primero für 1,5 Aktien pro Primero-Aktie übernimmt. Bergbauveteran Joe Conway, zurzeit CEO von Primero wird Chef des neuen Unternehmens sein, während Northgate-Chairman Terry Lyons seine Position beibehalten wird.
Wie Conway erklärte, verfolge man mit dem Deal die Strategie, Wachstum bei niedrigem Risiko zu erzielen. Die Transaktion sei eine einzigartige Gelegenheit, die zwei sich ergänzenden Unternehmen und Management-Teams zusammen bringe.
Das fusionierte Unternehmen wird über drei produzierende Goldminen mit einem Ausstoß von rund 320.000 Unzen im laufenden Jahr verfügen. 2013 soll die Produktion dann auf 550.000 Unzen steigen, nachdem die Young-Davidson-Mine von Northgate in Ontario die Produktion aufnimmt. In diesem Zeitraum sollen auch die Cashkosten sinken.
Primeros derzeit einziges Asset ist die San Dimas-Mine in Mexiko, sodass der Deal dem Unternehmen eine deutliche Diversifizierung möglich macht. Northgate-Aktionären bringt die Transaktion einen höheren Cashflow, mit dem der Bau der Young-Davidson-Mine finanziert werden kann. Die Unternehmen hoffen, dass der Zusammenschluss zu einer Neubewertung, erhöhter Aufmerksamkeit von Seiten der Analysten, steigender Liquidität und einer besseren finanziellen Position führen wird. Das soll es dem neuen Unternehmen möglich machen, sich nach Akquisitionen und anderen Möglichkeiten umzuschauen.
Dieser Deal ist nur der letzte einer sehr geschäftigen Akquisitions- und Fusionsphase im Bergbausektor. Viele Unternehmen versuchen auf diese Art, ihre Produktion zu steigern und verstärkt von den Rekordmetallpreisen zu profitieren.
Die hier angebotenen Artikel stellen keine Kauf- bzw. Verkaufsempfehlungen dar, weder explizit noch implizit sind sie als Zusicherung etwaiger Kursentwicklungen zu verstehen. Die GOLDINVEST Media GmbH und ihre Autoren schließen jede Haftung diesbezüglich aus. Die Artikel und Berichte dienen ausschließlich der Information der Leser und stellen keine wie immer geartete Handlungsaufforderung dar. Zwischen der GOLDINVEST Media GmbH und den Lesern dieser Artikel entsteht keinerlei Vertrags- und/oder Beratungsverhältnis, da sich unsere Artikel lediglich auf das jeweilige Unternehmen, nicht aber auf die Anlageentscheidung, beziehen
http://www.financial.de/rohstoffe/rohstoff-news/northgate-mi…
11:38 | 14.07.2011
Northgate Minerals übernimmt Primero für 370,4 Mio. CAD in Aktien
Die kanadischen Goldproduzenten Northgate Minerals (WKN 856029) und Primero Mining (WKN A1C15L) haben einem Zusammenschluss zugestimmt, der einen 1,2 Mrd Dollar schweren mittelgroßen Goldproduzenten mit Assets in Kanada, Mexiko und Australien entstehen lassen wird.
Der Deal sieht vor, dass Northgate Primero für 1,5 Aktien pro Primero-Aktie übernimmt. Bergbauveteran Joe Conway, zurzeit CEO von Primero wird Chef des neuen Unternehmens sein, während Northgate-Chairman Terry Lyons seine Position beibehalten wird.
Wie Conway erklärte, verfolge man mit dem Deal die Strategie, Wachstum bei niedrigem Risiko zu erzielen. Die Transaktion sei eine einzigartige Gelegenheit, die zwei sich ergänzenden Unternehmen und Management-Teams zusammen bringe.
Das fusionierte Unternehmen wird über drei produzierende Goldminen mit einem Ausstoß von rund 320.000 Unzen im laufenden Jahr verfügen. 2013 soll die Produktion dann auf 550.000 Unzen steigen, nachdem die Young-Davidson-Mine von Northgate in Ontario die Produktion aufnimmt. In diesem Zeitraum sollen auch die Cashkosten sinken.
Primeros derzeit einziges Asset ist die San Dimas-Mine in Mexiko, sodass der Deal dem Unternehmen eine deutliche Diversifizierung möglich macht. Northgate-Aktionären bringt die Transaktion einen höheren Cashflow, mit dem der Bau der Young-Davidson-Mine finanziert werden kann. Die Unternehmen hoffen, dass der Zusammenschluss zu einer Neubewertung, erhöhter Aufmerksamkeit von Seiten der Analysten, steigender Liquidität und einer besseren finanziellen Position führen wird. Das soll es dem neuen Unternehmen möglich machen, sich nach Akquisitionen und anderen Möglichkeiten umzuschauen.
Dieser Deal ist nur der letzte einer sehr geschäftigen Akquisitions- und Fusionsphase im Bergbausektor. Viele Unternehmen versuchen auf diese Art, ihre Produktion zu steigern und verstärkt von den Rekordmetallpreisen zu profitieren.
Die hier angebotenen Artikel stellen keine Kauf- bzw. Verkaufsempfehlungen dar, weder explizit noch implizit sind sie als Zusicherung etwaiger Kursentwicklungen zu verstehen. Die GOLDINVEST Media GmbH und ihre Autoren schließen jede Haftung diesbezüglich aus. Die Artikel und Berichte dienen ausschließlich der Information der Leser und stellen keine wie immer geartete Handlungsaufforderung dar. Zwischen der GOLDINVEST Media GmbH und den Lesern dieser Artikel entsteht keinerlei Vertrags- und/oder Beratungsverhältnis, da sich unsere Artikel lediglich auf das jeweilige Unternehmen, nicht aber auf die Anlageentscheidung, beziehen
http://www.financial.de/rohstoffe/rohstoff-news/northgate-mi…
Nur wer Edelmetalle besitzt wird die nächsten Jahre überstehen.
Derjenige der nur das Fiatgeld besitzt ist aufgeschmissen und das werden wol die meisten sein.
11 Gründe um physisches Silber zu kaufen[/b
14.07.2011 by divo 7.235 Leser 18 Kommentare
Wir werden einen enormen Wandel in der Mentalität von Silberinvestoren erleben. Käufer von physischem Silber werden nicht mehr als altmodische oder verrückte Leute angesehen werden, die über die österreichische Schule reden oder als “Momentumaffen”, die nur einen schnellen Dollar machen wollen, mit dem Handel des Metalls.
Es wird eine Panik geben, bei der die Leute mit vor Schreck . . .
http://der-klare-blick.com/2011/07/11-gruende-um-silber-zu-k…/
Derjenige der nur das Fiatgeld besitzt ist aufgeschmissen und das werden wol die meisten sein.
11 Gründe um physisches Silber zu kaufen[/b
14.07.2011 by divo 7.235 Leser 18 Kommentare
Wir werden einen enormen Wandel in der Mentalität von Silberinvestoren erleben. Käufer von physischem Silber werden nicht mehr als altmodische oder verrückte Leute angesehen werden, die über die österreichische Schule reden oder als “Momentumaffen”, die nur einen schnellen Dollar machen wollen, mit dem Handel des Metalls.
Es wird eine Panik geben, bei der die Leute mit vor Schreck . . .
http://der-klare-blick.com/2011/07/11-gruende-um-silber-zu-k…/
Eine für mich sehr interessante Seite.
Aber ich denke, diese Seite ist schon hier bekannt, oder ?
http://www.yoice.net/blog/
Aber ich denke, diese Seite ist schon hier bekannt, oder ?
http://www.yoice.net/blog/
Antwort auf Beitrag Nr.: 41.797.970 von boersentrader02 am 15.07.11 23:41:37Ich stelle ihr etwas zur momentanen Situation bei den Edelmetallen für interessiert User ein. Hoffe dass das interessant für den einen oder anderen ist.
Explosionsgefahr: Silberpreis kann jederzeit durch die Decke schießen
Der Silberpreis kletterte diese Woche auf ein neues Zwischenhoch und war so teuer, wie seit Mitte Mai nicht mehr. Experten rechnen für die nächsten Monate mit einer Preisexplosion
Propagandafront.de, 17.07.2011
Silber ging diese Woche mit USD 39,27 pro Unze aus dem Handel. Der Silberpreis notierte damit nur marginal unter seinem neuen Zwischenhoch von Donnerstag dieser Woche, wo der Preis kurzzeitig bis auf USD 39,35 pro Unze kletterte. Seit Anfang dieses Monats konnte das weiße Metall bereits Zugewinne in Höhe von 16% verzeichnen.
Edelmetallexperten gehen
Lesen Sie mehr über Explosionsgefahr: Silberpreis kann jederzeit durch die Decke schießen von . . .
http://www.propagandafront.de/177860/explosionsgefahr-silber…
Explosionsgefahr: Silberpreis kann jederzeit durch die Decke schießen
Der Silberpreis kletterte diese Woche auf ein neues Zwischenhoch und war so teuer, wie seit Mitte Mai nicht mehr. Experten rechnen für die nächsten Monate mit einer Preisexplosion
Propagandafront.de, 17.07.2011
Silber ging diese Woche mit USD 39,27 pro Unze aus dem Handel. Der Silberpreis notierte damit nur marginal unter seinem neuen Zwischenhoch von Donnerstag dieser Woche, wo der Preis kurzzeitig bis auf USD 39,35 pro Unze kletterte. Seit Anfang dieses Monats konnte das weiße Metall bereits Zugewinne in Höhe von 16% verzeichnen.
Edelmetallexperten gehen
Lesen Sie mehr über Explosionsgefahr: Silberpreis kann jederzeit durch die Decke schießen von . . .
http://www.propagandafront.de/177860/explosionsgefahr-silber…
Hört euch nur einmal das Ziegespräch zwischen Bernanke, den Helikopter Ben und Ron Paul an dann wißt ihr auch wo die Reise in den nächsten Wochen hingeht ?
Es wird nicht mehr viele Monate dauern dann ist es soweit. Es kann aber auch so sein, das es noch bis Ende diesen Jahres dauert ?
16.07.2011_
Ron Paul gegen Ben Bernanke_Ist Gold Geld.mp4
http://www.youtube.com/watch?v=XCpjkdxr3OU
Es wird nicht mehr viele Monate dauern dann ist es soweit. Es kann aber auch so sein, das es noch bis Ende diesen Jahres dauert ?
16.07.2011_
Ron Paul gegen Ben Bernanke_Ist Gold Geld.mp4
http://www.youtube.com/watch?v=XCpjkdxr3OU
09.07.20
James Turk über den Goldpreis und Kollaps des Dollar
http://info.kopp-verlag.de/video.html?videoid=491
James Turk von der GoldMoney Foundation spricht über Geldentwertung und den steigenden Goldpreis. Er erklärt, warum das Gold gegenüber allen wichtigen Währungen steigt und beschreibt, wie die Geldpolitik zu einem politischen Instrument wurde. Sämtliche Zentralbanker haben den Regeln einer konservativen Finanzpolitik den Rücken gekehrt. Die Folge wird, so warnt James Turk, eine hyperinflationäre Krise sein. Er erklärt, warum wir Gold als Geld und nicht als Investition betrachten sollten.
James Turk spricht über den kommenden Dollarkollaps; er erwartet einen wasserfallähnlichen Absturz. Er beschreibt verschiedene Formen der Hyperinflation, von der Papiergeldinflation in Weimarer Republik bis hin zur Buchgeld-Inflation in Argentinien.
Der Vortrag wurde am 29. April 2011 in München gehalten.
James Turk über den Goldpreis und Kollaps des Dollar
http://info.kopp-verlag.de/video.html?videoid=491
James Turk von der GoldMoney Foundation spricht über Geldentwertung und den steigenden Goldpreis. Er erklärt, warum das Gold gegenüber allen wichtigen Währungen steigt und beschreibt, wie die Geldpolitik zu einem politischen Instrument wurde. Sämtliche Zentralbanker haben den Regeln einer konservativen Finanzpolitik den Rücken gekehrt. Die Folge wird, so warnt James Turk, eine hyperinflationäre Krise sein. Er erklärt, warum wir Gold als Geld und nicht als Investition betrachten sollten.
James Turk spricht über den kommenden Dollarkollaps; er erwartet einen wasserfallähnlichen Absturz. Er beschreibt verschiedene Formen der Hyperinflation, von der Papiergeldinflation in Weimarer Republik bis hin zur Buchgeld-Inflation in Argentinien.
Der Vortrag wurde am 29. April 2011 in München gehalten.
https://www.comdirect.de/inf/news/detail.html?BLOCKSIZE=20&R…
_CATEGORY=TOP_NEWS_ALL&OFFSET=0&ID_NEWS=198006195
News bei comdirect
Di, 19.07.1109:38
Ex-EZB-Chefvolkswirt: Währungsunion vor dem Ende
Frankfurt/Main (dpa) - Der frühere Chefvolkswirt der Europäischen Zentralbank, Otmar Issing, hat vor einer Umschuldung Griechenlands als Teil der Eurozone gewarnt.
«Bleibt Griechenland danach Mitglied in der Währungsunion und kann auf weitere Hilfen sowie Refinanzierung bei der EZB vertrauen, ist das Ende der Währungsunion eingeläutet», sagte Issing der «Frankfurter Allgemeinen Zeitung» (Dienstag).
«Griechenland wird seine Schulden nicht bedienen können. Simulationen, die etwas anderes zeigen, beruhen auf unrealistischen Annahmen. Ein massiver Schuldenschnitt ist also unvermeidlich.» Wenn Griechenland aber nach einer Umschuldung im Euroraum bleiben dürfe, hätte dies fatale Signalwirkung, warnte er.
Denn in Griechenland würden so gut wie alle Reformbemühungen eingestellt, sagte er dem Blatt. Das Land erhalte faktisch «einen Freibrief, mit der verhängnisvollen Politik der Vergangenheit fortzufahren.» Eine weitere Folge wäre die Ausbreitung auf andere Mitgliedstaaten - und das wäre «der wirkliche GAU».
Dann sei nicht mehr vorstellbar, dass etwa Irland seinen Reformkurs fortsetzt: «Wie soll die Regierung ihren Bürgern erklären, dass weitere harte Einschnitte notwendig sind, wenn es denn so viel leichter geht, indem man sich über die drastische Reduzierung der Schulden der Probleme entledigen kann.»
Wenn die Staatschefs der Eurozone eine Umschuldung ohne Ausschluss aus der Währungsunion zuließen, sieht Issing schwarz für die Währungsunion. «Dann wird eine Lawine losgetreten. Die Dynamik wird sich nicht mehr aufhalten lassen. Die Einladung, sich von einem großen Teil der Schulden zu befreien, wird sich für Länder mit hoher Staatsschuld als unwiderstehlich erweisen.»
Als einer der Architekten des gemeinsamen Währungsraums kritisierte Issing zudem die Idee, die Schuldenkrise durch die Ausgabe sogenannter Eurobonds, also gemeinsamer europäischer Anleihen, zu bekämpfen. «Politiker, die mit solchen Maßnahmen die Währungsunion retten wollen, werden sich als Totengräber eines stabilen Euro erweisen.»
Quelle: dpa-AFX
_CATEGORY=TOP_NEWS_ALL&OFFSET=0&ID_NEWS=198006195
News bei comdirect
Di, 19.07.1109:38
Ex-EZB-Chefvolkswirt: Währungsunion vor dem Ende
Frankfurt/Main (dpa) - Der frühere Chefvolkswirt der Europäischen Zentralbank, Otmar Issing, hat vor einer Umschuldung Griechenlands als Teil der Eurozone gewarnt.
«Bleibt Griechenland danach Mitglied in der Währungsunion und kann auf weitere Hilfen sowie Refinanzierung bei der EZB vertrauen, ist das Ende der Währungsunion eingeläutet», sagte Issing der «Frankfurter Allgemeinen Zeitung» (Dienstag).
«Griechenland wird seine Schulden nicht bedienen können. Simulationen, die etwas anderes zeigen, beruhen auf unrealistischen Annahmen. Ein massiver Schuldenschnitt ist also unvermeidlich.» Wenn Griechenland aber nach einer Umschuldung im Euroraum bleiben dürfe, hätte dies fatale Signalwirkung, warnte er.
Denn in Griechenland würden so gut wie alle Reformbemühungen eingestellt, sagte er dem Blatt. Das Land erhalte faktisch «einen Freibrief, mit der verhängnisvollen Politik der Vergangenheit fortzufahren.» Eine weitere Folge wäre die Ausbreitung auf andere Mitgliedstaaten - und das wäre «der wirkliche GAU».
Dann sei nicht mehr vorstellbar, dass etwa Irland seinen Reformkurs fortsetzt: «Wie soll die Regierung ihren Bürgern erklären, dass weitere harte Einschnitte notwendig sind, wenn es denn so viel leichter geht, indem man sich über die drastische Reduzierung der Schulden der Probleme entledigen kann.»
Wenn die Staatschefs der Eurozone eine Umschuldung ohne Ausschluss aus der Währungsunion zuließen, sieht Issing schwarz für die Währungsunion. «Dann wird eine Lawine losgetreten. Die Dynamik wird sich nicht mehr aufhalten lassen. Die Einladung, sich von einem großen Teil der Schulden zu befreien, wird sich für Länder mit hoher Staatsschuld als unwiderstehlich erweisen.»
Als einer der Architekten des gemeinsamen Währungsraums kritisierte Issing zudem die Idee, die Schuldenkrise durch die Ausgabe sogenannter Eurobonds, also gemeinsamer europäischer Anleihen, zu bekämpfen. «Politiker, die mit solchen Maßnahmen die Währungsunion retten wollen, werden sich als Totengräber eines stabilen Euro erweisen.»
Quelle: dpa-AFX
Dieser Bericht ist jetzt wohl schon 1 Woche alt, aber er zeigt in welche Größenordnung Northgate mit der Übernahme von Primero vorstoßen kann.
In diesem Jahr werden ca. 320.000 Unzen Gold gefördert aber ab dem Jahr 2013 sollen es über eine halbe Million sein. daran kann man erkennen wohin die Reise geht.
Und sollte dann auch noch der Gold-, Silber- und Kupferpreis steigen kann man sich vorstellen, das NXG vielleicht eine Cashcow werden kann.
Ob mit diesen Kurssteigerungen in der letzten Woche auch noch weiterhin zu rechnen ist ?
Merger-Mania im Goldsektor
Northgate Minerals übernimmt Primero für 370,4 Mio. CAD in Aktien
Geschrieben von Björn Junker • 14. Juli 2011 • Druckversion
Die kanadischen Goldproduzenten Northgate Minerals (WKN 856029) und Primero Mining (WKN A1C15L) haben einem Zusammenschluss zugestimmt, der einen 1,2 Mrd Dollar schweren mittelgroßen Goldproduzenten mit Assets in Kanada, Mexiko und Australien entstehen lassen wird.
Goldbarrenguss
Der Deal sieht vor, dass Northgate Primero für 1,5 Aktien pro Primero-Aktie übernimmt. Bergbauveteran Joe Conway, zurzeit CEO von Primero wird Chef des neuen Unternehmens sein, während Northgate-Chairman Terry Lyons seine Position beibehalten wird.
Wie Conway erklärte, verfolge man mit dem Deal die Strategie, Wachstum bei niedrigem Risiko zu erzielen. Die Transaktion sei eine einzigartige Gelegenheit, die zwei sich ergänzenden Unternehmen und Management-Teams zusammen bringe.
Das fusionierte Unternehmen wird über drei produzierende Goldminen mit einem Ausstoß von rund 320.000 Unzen im laufenden Jahr verfügen.
2013 soll die Produktion dann auf 550.000 Unzen steigen, nachdem die Young-Davidson-Mine von Northgate in Ontario die Produktion aufnimmt. In diesem Zeitraum sollen auch die Cashkosten sinken.
Primeros derzeit einziges Asset ist die San Dimas-Mine in Mexiko, sodass der Deal dem Unternehmen eine deutliche Diversifizierung möglich macht. Northgate-Aktionären bringt die Transaktion einen höheren Cashflow, mit dem der Bau der Young-Davidson-Mine finanziert werden kann. Die Unternehmen hoffen, dass der Zusammenschluss zu einer Neubewertung, erhöhter Aufmerksamkeit von Seiten der Analysten, steigender Liquidität und einer besseren finanziellen Position führen wird. Das soll es dem neuen Unternehmen möglich machen, sich nach Akquisitionen und anderen Möglichkeiten umzuschauen.
Dieser Deal ist nur der letzte einer sehr geschäftigen Akquisitions- und Fusionsphase im Bergbausektor. Viele Unternehmen versuchen auf diese Art, ihre Produktion zu steigern und verstärkt von den Rekordmetallpreisen zu profitieren.
Hinweis: Die hier angebotenen Artikel stellen keine Kauf- bzw. Verkaufsempfehlungen dar, weder explizit noch implizit sind sie als Zusicherung etwaiger Kursentwicklungen zu verstehen. Die GOLDINVEST Media GmbH und ihre Autoren schließen jede Haftung diesbezüglich aus. Die Artikel und Berichte dienen ausschließlich der Information der Leser und stellen keine wie immer geartete Handlungsaufforderung dar. Zwischen der GOLDINVEST Media GmbH und den Lesern dieser Artikel entsteht keinerlei Vertrags- und/oder Beratungsverhältnis, da sich unsere Artikel lediglich auf das jeweilige Unternehmen, nicht aber auf die Anlageentscheidung, beziehen. Wir weisen darauf hin, dass Partner, Autoren und Mitarbeiter der GOLDINVEST Media GmbH Aktien der jeweils angesprochenen Unternehmen halten oder halten können und somit ein möglicher Interessenkonflikt besteht. Wir können nicht ausschließen, dass andere Börsenbriefe, Medien oder Research-Firmen die von uns empfohlenen Werte im gleichen Zeitraum besprechen. Daher kann es in diesem Zeitraum zur symmetrischen Informations- und Meinungsgenerierung kommen.
http://www.goldinvest.de/index.php/merger-mania-im-goldsekto…
In diesem Jahr werden ca. 320.000 Unzen Gold gefördert aber ab dem Jahr 2013 sollen es über eine halbe Million sein. daran kann man erkennen wohin die Reise geht.
Und sollte dann auch noch der Gold-, Silber- und Kupferpreis steigen kann man sich vorstellen, das NXG vielleicht eine Cashcow werden kann.
Ob mit diesen Kurssteigerungen in der letzten Woche auch noch weiterhin zu rechnen ist ?
Merger-Mania im Goldsektor
Northgate Minerals übernimmt Primero für 370,4 Mio. CAD in Aktien
Geschrieben von Björn Junker • 14. Juli 2011 • Druckversion
Die kanadischen Goldproduzenten Northgate Minerals (WKN 856029) und Primero Mining (WKN A1C15L) haben einem Zusammenschluss zugestimmt, der einen 1,2 Mrd Dollar schweren mittelgroßen Goldproduzenten mit Assets in Kanada, Mexiko und Australien entstehen lassen wird.
Goldbarrenguss
Der Deal sieht vor, dass Northgate Primero für 1,5 Aktien pro Primero-Aktie übernimmt. Bergbauveteran Joe Conway, zurzeit CEO von Primero wird Chef des neuen Unternehmens sein, während Northgate-Chairman Terry Lyons seine Position beibehalten wird.
Wie Conway erklärte, verfolge man mit dem Deal die Strategie, Wachstum bei niedrigem Risiko zu erzielen. Die Transaktion sei eine einzigartige Gelegenheit, die zwei sich ergänzenden Unternehmen und Management-Teams zusammen bringe.
Das fusionierte Unternehmen wird über drei produzierende Goldminen mit einem Ausstoß von rund 320.000 Unzen im laufenden Jahr verfügen.
2013 soll die Produktion dann auf 550.000 Unzen steigen, nachdem die Young-Davidson-Mine von Northgate in Ontario die Produktion aufnimmt. In diesem Zeitraum sollen auch die Cashkosten sinken.
Primeros derzeit einziges Asset ist die San Dimas-Mine in Mexiko, sodass der Deal dem Unternehmen eine deutliche Diversifizierung möglich macht. Northgate-Aktionären bringt die Transaktion einen höheren Cashflow, mit dem der Bau der Young-Davidson-Mine finanziert werden kann. Die Unternehmen hoffen, dass der Zusammenschluss zu einer Neubewertung, erhöhter Aufmerksamkeit von Seiten der Analysten, steigender Liquidität und einer besseren finanziellen Position führen wird. Das soll es dem neuen Unternehmen möglich machen, sich nach Akquisitionen und anderen Möglichkeiten umzuschauen.
Dieser Deal ist nur der letzte einer sehr geschäftigen Akquisitions- und Fusionsphase im Bergbausektor. Viele Unternehmen versuchen auf diese Art, ihre Produktion zu steigern und verstärkt von den Rekordmetallpreisen zu profitieren.
Hinweis: Die hier angebotenen Artikel stellen keine Kauf- bzw. Verkaufsempfehlungen dar, weder explizit noch implizit sind sie als Zusicherung etwaiger Kursentwicklungen zu verstehen. Die GOLDINVEST Media GmbH und ihre Autoren schließen jede Haftung diesbezüglich aus. Die Artikel und Berichte dienen ausschließlich der Information der Leser und stellen keine wie immer geartete Handlungsaufforderung dar. Zwischen der GOLDINVEST Media GmbH und den Lesern dieser Artikel entsteht keinerlei Vertrags- und/oder Beratungsverhältnis, da sich unsere Artikel lediglich auf das jeweilige Unternehmen, nicht aber auf die Anlageentscheidung, beziehen. Wir weisen darauf hin, dass Partner, Autoren und Mitarbeiter der GOLDINVEST Media GmbH Aktien der jeweils angesprochenen Unternehmen halten oder halten können und somit ein möglicher Interessenkonflikt besteht. Wir können nicht ausschließen, dass andere Börsenbriefe, Medien oder Research-Firmen die von uns empfohlenen Werte im gleichen Zeitraum besprechen. Daher kann es in diesem Zeitraum zur symmetrischen Informations- und Meinungsgenerierung kommen.
http://www.goldinvest.de/index.php/merger-mania-im-goldsekto…
Northgate Minerals's Shares Changing Hands at Higher Prices on 1.1x Above-Average Volume (NXG)
Written on Mon, 07/18/2011 - 11:07am
By David Diaz
Shares of Northgate Minerals (AMEX:NXG) are trading up 2.5% to $3.22 today on above average volume. Approximately 2.4 million shares have traded hands today vs. average 30-day volume of 2.1 million shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of NXG to see if this bullish momentum will continue.
SmarTrend is monitoring the recent change of momentum in Northgate Minerals. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Northgate Minerals in search of a potential trend change.
In the last five trading sessions, the 50-day MA has climbed 0.19% while the 200-day MA has slid 0.34%.
In the past 52 weeks, shares of Northgate Minerals have traded between a low of $2.41 and a high of $3.54 and are now at $3.25, which is 35% above that low price.
Written on Mon, 07/18/2011 - 11:07am
By David Diaz
Shares of Northgate Minerals (AMEX:NXG) are trading up 2.5% to $3.22 today on above average volume. Approximately 2.4 million shares have traded hands today vs. average 30-day volume of 2.1 million shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of NXG to see if this bullish momentum will continue.
SmarTrend is monitoring the recent change of momentum in Northgate Minerals. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Northgate Minerals in search of a potential trend change.
In the last five trading sessions, the 50-day MA has climbed 0.19% while the 200-day MA has slid 0.34%.
In the past 52 weeks, shares of Northgate Minerals have traded between a low of $2.41 and a high of $3.54 and are now at $3.25, which is 35% above that low price.
Sollte sich dieses Szenario in dieser Woche bei den schrägen Politfürsten durchsetzen, so ist es das Ende des Euros und des normalen Lebens in D.
Es wird für viele Bürger ein trauriges Ende sein. Es wird die Leute auf die Straße ziehen und den Politik-Banausen an den Haaren durch die Straßen von Berlin ziehen.
Nur diese "rote Angie" aus der Uckermark hat dieses Desaster zu verantworten und mit ihnen noch weitere Schlafmützen aus der Schwarz/Gelben Koalition.
Wer dann noch im Bargeld ist braucht nicht mal mehr auf die Straße gehen, für den ist alles vorbei.
Massenenteignung durch Transferunion | Drucken |
20.07.2011
Zwangsverschuldung des deutschen Steuerzahlers durch Eurobonds? Am Donnerstag soll der Euro Gipfel
stattfinden, auf dem vorrausichtlich rechtswidrig eine Transferunion verordnet wird. Ergebnis: Die Politik entzieht dem Bürger die Gegenleistungen für seine Steuerzahlungen. Dem Einzahler in die Rentenkassen wird seine Rente entzogen und dem deutschen Sparer seine Spareinlagen.
von Walter Strack
Griechenland repräsentiert ca. 3% der Wirtschaftskraft der Euro-Zone. Warum wird dieses kleine Problem zur europäischen Schicksalsfrage hochstilisiert? Dem von der Politik, Banken und der EZB vorgebrachten Argument, daß ein Bankrott Griechenlands zu einer Finanzkrise führe, wird von namhaften Experten widersprochen. Es drängt sich der Verdacht auf, daß die angebliche Griechenland Rettung der Umsetzung anderer politischer Ziele, der Einführung von Euro Bonds und der Transferunion, dienen soll.
Am Donnerstag soll der Euro Gipfel stattfinden, bei dem die Lösung für die Griechenland Krise beschlossen werden soll. Favorisiert wird ein Modell, in welchem der Rettungsfonds EFSF die griechischen Anleihen zu 50% des Wertes ankauft. Welche Vor- und Nachteile hat dieses Modell? Wo liegt der Reiz dieses Modells, wer gewinnt und wer verliert durch dieses Modell?
http://www.mmnews.de/index.php/boerse/5803-ruhe-vor-dem-stur…
Es wird für viele Bürger ein trauriges Ende sein. Es wird die Leute auf die Straße ziehen und den Politik-Banausen an den Haaren durch die Straßen von Berlin ziehen.
Nur diese "rote Angie" aus der Uckermark hat dieses Desaster zu verantworten und mit ihnen noch weitere Schlafmützen aus der Schwarz/Gelben Koalition.
Wer dann noch im Bargeld ist braucht nicht mal mehr auf die Straße gehen, für den ist alles vorbei.
Massenenteignung durch Transferunion | Drucken |
20.07.2011
Zwangsverschuldung des deutschen Steuerzahlers durch Eurobonds? Am Donnerstag soll der Euro Gipfel
stattfinden, auf dem vorrausichtlich rechtswidrig eine Transferunion verordnet wird. Ergebnis: Die Politik entzieht dem Bürger die Gegenleistungen für seine Steuerzahlungen. Dem Einzahler in die Rentenkassen wird seine Rente entzogen und dem deutschen Sparer seine Spareinlagen.
von Walter Strack
Griechenland repräsentiert ca. 3% der Wirtschaftskraft der Euro-Zone. Warum wird dieses kleine Problem zur europäischen Schicksalsfrage hochstilisiert? Dem von der Politik, Banken und der EZB vorgebrachten Argument, daß ein Bankrott Griechenlands zu einer Finanzkrise führe, wird von namhaften Experten widersprochen. Es drängt sich der Verdacht auf, daß die angebliche Griechenland Rettung der Umsetzung anderer politischer Ziele, der Einführung von Euro Bonds und der Transferunion, dienen soll.
Am Donnerstag soll der Euro Gipfel stattfinden, bei dem die Lösung für die Griechenland Krise beschlossen werden soll. Favorisiert wird ein Modell, in welchem der Rettungsfonds EFSF die griechischen Anleihen zu 50% des Wertes ankauft. Welche Vor- und Nachteile hat dieses Modell? Wo liegt der Reiz dieses Modells, wer gewinnt und wer verliert durch dieses Modell?
http://www.mmnews.de/index.php/boerse/5803-ruhe-vor-dem-stur…
Das Schuldendilemma der USA.
Hier sieht man es ticken: http://www.usdebtclock.org/index.html
Wenn man diese Zahlen sieht kann man bis nächsten Dienstag, 2.8.2011, ruhig noch mal eine Billion drauf setzen, oder ?
Auch diese Schulden können in dieser Welt nicht mehr zurück gezahlt werden. USA rettet nur noch ein Schuldenschnitt und zwar runter auf 10 %.
Hier sieht man es ticken: http://www.usdebtclock.org/index.html
Wenn man diese Zahlen sieht kann man bis nächsten Dienstag, 2.8.2011, ruhig noch mal eine Billion drauf setzen, oder ?
Auch diese Schulden können in dieser Welt nicht mehr zurück gezahlt werden. USA rettet nur noch ein Schuldenschnitt und zwar runter auf 10 %.
Freitag wird es ernst mit der Vorstellung des 2. Quart. , dann kommt die Butter bei den Fischen.
Ob es was wird mit NXG ?
You are invited to participate in the
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) live conference call
and webcast discussing our second quarter financial results. The conference
call and webcast will take place on Friday, August 5, 2011 at 10:00 am Toronto
time.
Northgate's second quarter financial results will be released before
the market opens on August 5.
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 audio webcast and presentation package will be available on
Northgate's homepage at www.northgateminerals.com or
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3587…
Conference Replay
A replay of the conference call will be available beginning on August 5,
2011 at 1:00 p.m. ET until August 19, 2011 at 11:59 p.m. ET.
<<
Ob es was wird mit NXG ?
You are invited to participate in the
Northgate Minerals Corporation (TSX: NGX, NYSE Amex: NXG) live conference call
and webcast discussing our second quarter financial results. The conference
call and webcast will take place on Friday, August 5, 2011 at 10:00 am Toronto
time.
Northgate's second quarter financial results will be released before
the market opens on August 5.
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 audio webcast and presentation package will be available on
Northgate's homepage at www.northgateminerals.com or
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3587…
Conference Replay
A replay of the conference call will be available beginning on August 5,
2011 at 1:00 p.m. ET until August 19, 2011 at 11:59 p.m. ET.
<<
Jetzt ist Amerika "gerettet" und nun fällt das nächste Land in Europa den Fianzmärkten zum Opfer.
Ist Zypern das nächste <land, das unter den Rettungsschirm schlüpft ?
Auszzug aus de heutigen Berichterstattung:
http://www.abendblatt.de/politik/ausland/article1972806/Zype…
An den Finanzmärkten nährte die Entwicklung die Erwartung, dass Zypern als viertes Land unter den Euro-Rettungsschirm schlüpfen könnte. Dem widersprach Regierungssprecher Stefanos Stefanou am Donnerstag: „Bislang hat Zypern seinen Finanzierungsbedarf bis Ende des Jahres sichern können. Also nehmen sie es nicht als gegeben an, dass Zypern den Hilfsmechanismus in Anspruch nehmen wird“, sagte er auf eine Reporterfrage.
Ist Zypern das nächste <land, das unter den Rettungsschirm schlüpft ?
Auszzug aus de heutigen Berichterstattung:
http://www.abendblatt.de/politik/ausland/article1972806/Zype…
An den Finanzmärkten nährte die Entwicklung die Erwartung, dass Zypern als viertes Land unter den Euro-Rettungsschirm schlüpfen könnte. Dem widersprach Regierungssprecher Stefanos Stefanou am Donnerstag: „Bislang hat Zypern seinen Finanzierungsbedarf bis Ende des Jahres sichern können. Also nehmen sie es nicht als gegeben an, dass Zypern den Hilfsmechanismus in Anspruch nehmen wird“, sagte er auf eine Reporterfrage.
Northgate bringt schon heute, 2 Tage vor der Veröffentlichung der Zahlen für das 2. Quartal 2011.
Und das ist schon ein Hammer, 1,1 Mill Gold-Unzen und das zu Förderpreisen von 115 US $. Und das bei den jetzigen und noch zu erwartenen Goldpreisen in den nächsten Monaten und Jahren.
Northgate Minerals Announces Positive Preliminary Assessment for its Kemess Underground Project 08.02.2011
View Press Release (pdf) (PDF 310 KB)
Production of 1.1 million Ounces of Gold and 490 Million Pounds of Copper
at a Net Cash Cost of $115 per ounce
VANCOUVER, Aug. 2, 2011 /CNW/ -
(All figures in US dollars except where noted)
Northgate Minerals Corporation (TSX: NGX, NYSE-Amex: NXG) is pleased to announce positive results from the NI 43-101 Preliminary Assessment Report (the "Preliminary Assessment") for its 100% owned Kemess Underground Project located in north-central British Columbia, approximately five kilometres ("km") from the Kemess South mine. The results from the Preliminary Assessment outline the development of an underground block/panel cave operation with average annual production of 95,000 ounces of gold at a below-industry cash cost of $115 per ounce over a mine-life of approximately 12 years.
Highlights of the Preliminary Assessment
Highlights of the Preliminary Assessment, which employs base case commodity price assumptions of $1,100 per ounce for gold, $2.80 per pound for copper and $20 per ounce for silver and an exchange rate of US$/Cdn$1.00, are as follows:
Average annual production of 95,000 ounces of gold at a net cash cost of $115 per ounce.
Average annual copper production of 41.4 million pounds.
A total of 1.1 million recovered ounces of gold and 490 million pounds of copper over an approximate 12-year mine-life.
Pre-production capital cost of $437 million.
Sustaining capital costs of $286 million during the life of the mine.
Pre-tax operating cash flow of $1.1 billion.
Pre-tax net present value ("NPV") of $115 million based on a 5% discount rate.
Pre-tax internal rate of return ("IRR") of approximately 10% with a 6-year payback on the initial capital cost from the start of production.
The project has significant leverage to higher metal prices. At $1,500 per ounce gold and $4.00 per pound copper, Kemess Underground is expected to generate pre-tax operating cash flow of $2.1 billion, pre-tax NPV 5% of $755 million and a pre-tax IRR of 27%.
The envisaged Kemess Underground block cave operation would leverage the existing infrastructure and mill facilities at the Kemess South mine, including a permitted area for tailings storage in the Kemess South open pit.
In addition, analysis of the geotechnical data compiled during the 2010 drill season and from previous drilling campaigns indicates that:
The orebody is well suited to block caving; the rock mass is projected to cave at a hydraulic radius of 39 metres ("m"), which is significantly less than the hydraulic radius of the planned undercut footprint of 89 m1.
The cave fragmentation although initially coarse will become finer as the cave matures, enabling efficient mining operations.
The pre and after-tax operating cash flow, NPV and IRR for the Kemess Underground Project, using a variety of gold and copper prices, are shown below.
http://www.northgateminerals.com/news-and-media/press-releas…
http://www.northgateminerals.com/Theme/Northgate/files/Relea…
Und das ist schon ein Hammer, 1,1 Mill Gold-Unzen und das zu Förderpreisen von 115 US $. Und das bei den jetzigen und noch zu erwartenen Goldpreisen in den nächsten Monaten und Jahren.
Northgate Minerals Announces Positive Preliminary Assessment for its Kemess Underground Project 08.02.2011
View Press Release (pdf) (PDF 310 KB)
Production of 1.1 million Ounces of Gold and 490 Million Pounds of Copper
at a Net Cash Cost of $115 per ounce
VANCOUVER, Aug. 2, 2011 /CNW/ -
(All figures in US dollars except where noted)
Northgate Minerals Corporation (TSX: NGX, NYSE-Amex: NXG) is pleased to announce positive results from the NI 43-101 Preliminary Assessment Report (the "Preliminary Assessment") for its 100% owned Kemess Underground Project located in north-central British Columbia, approximately five kilometres ("km") from the Kemess South mine. The results from the Preliminary Assessment outline the development of an underground block/panel cave operation with average annual production of 95,000 ounces of gold at a below-industry cash cost of $115 per ounce over a mine-life of approximately 12 years.
Highlights of the Preliminary Assessment
Highlights of the Preliminary Assessment, which employs base case commodity price assumptions of $1,100 per ounce for gold, $2.80 per pound for copper and $20 per ounce for silver and an exchange rate of US$/Cdn$1.00, are as follows:
Average annual production of 95,000 ounces of gold at a net cash cost of $115 per ounce.
Average annual copper production of 41.4 million pounds.
A total of 1.1 million recovered ounces of gold and 490 million pounds of copper over an approximate 12-year mine-life.
Pre-production capital cost of $437 million.
Sustaining capital costs of $286 million during the life of the mine.
Pre-tax operating cash flow of $1.1 billion.
Pre-tax net present value ("NPV") of $115 million based on a 5% discount rate.
Pre-tax internal rate of return ("IRR") of approximately 10% with a 6-year payback on the initial capital cost from the start of production.
The project has significant leverage to higher metal prices. At $1,500 per ounce gold and $4.00 per pound copper, Kemess Underground is expected to generate pre-tax operating cash flow of $2.1 billion, pre-tax NPV 5% of $755 million and a pre-tax IRR of 27%.
The envisaged Kemess Underground block cave operation would leverage the existing infrastructure and mill facilities at the Kemess South mine, including a permitted area for tailings storage in the Kemess South open pit.
In addition, analysis of the geotechnical data compiled during the 2010 drill season and from previous drilling campaigns indicates that:
The orebody is well suited to block caving; the rock mass is projected to cave at a hydraulic radius of 39 metres ("m"), which is significantly less than the hydraulic radius of the planned undercut footprint of 89 m1.
The cave fragmentation although initially coarse will become finer as the cave matures, enabling efficient mining operations.
The pre and after-tax operating cash flow, NPV and IRR for the Kemess Underground Project, using a variety of gold and copper prices, are shown below.
http://www.northgateminerals.com/news-and-media/press-releas…
http://www.northgateminerals.com/Theme/Northgate/files/Relea…
Hier sind die Zahlen für das 2. Quart. 2011. Wie erwartet sind die Zahlen schwächer als im lletzten Jahr. 
Aber durch den Verkauf des Goldes zu einem VK-Preis von 1.502 US $, so hoch wie zu keiner Zeit zuvor, ist der Einbruch doch noch zu verkraften.
Nächstest Jahr wenn die Young Davidson-Mine mit produziert wird es wieder besser aussehen, dessen bin ich mir sicher, oder aber auch nicht wenn die Welt um uns zerbricht ?
Northgate Minerals Reports Second Quarter Results 08.05.2011
View Press Release (pdf) (PDF 240 KB)
Fosterville Achieves Record Quarterly Production
Notice: Conference Call and Webcast of Q2 Results Today at 10:00 am ET
Dial in: +647-427-7450 or 1-888-231-8191
VANCOUVER, Aug. 5, 2011 /CNW/ - (All figures based in accordance with International Financial Reporting Standards ("IFRS") and expressed 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 six months ended June 30, 2011.
Second Quarter Highlights
Operating and Financial
+ Gold production for the second quarter of 2011 totalled 43,798 ounces at an average net cash cost of $944 per ounce.
+ The Fosterville mine achieved a quarterly record of 29,181 ounces of gold at a net cash cost of $787 per ounce.
+ Gold sales were 44,372 ounces at a realized price of $1,502 per ounce.
Reported a net loss of $13.0 million or $0.04 per share. The adjusted net loss(1) for the second quarter of 2011 was $16.7 million or $0.05 per share. The net loss and adjusted net loss figures include a $12.7 million expense resulting from revisions to the reclamation cost estimate at Kemess South.
+ Strong cash flow from operations in Australia of $23.1 million. On a consolidated basis, Northgate reported cash flow from operations of ($3.7) million or ($0.01) per share, as a result of working capital changes and expenses associated with closing Kemess South and putting the facility on care and maintenance.
+ Northgate's cash balance at the end of the second quarter 2011 was $244.5 million.
Business Combination for Strong Value Creation
On July 13, 2011, Northgate announced a proposed business combination with Primero Mining Corp. (TSX:P) to create a leading mid-tier gold producer with significant value creation opportunities. The new company will benefit from a diversified production base, expansion potential from a portfolio of mines and projects and enhanced near-term cash flow.
Significant Development Opportunity
Northgate recently released positive results from a NI 43-101 Preliminary Assessment for the Kemess Underground Project. The results outline the development of an underground block/panel cave operation. Average annual production is expected to be 95,000 ounces of gold and 41.4 million pounds of copper at a below-industry cash cost of $115 per ounce over a 12-year mine-life.
Building Young-Davidson
Construction activities at Young-Davidson remain on schedule and on budget. To date, Northgate has invested approximately $180 million towards the construction of the Young-Davidson mine.
Expanding YD West Zone
At Young-Davidson, hole YD11-234B intersected one of the best intervals ever drilled on the property of 4.31 grams per tonne ("g/t") gold over 79.6 metres ("m").
"Second quarter production was highlighted by an excellent performance at Fosterville, as the mine achieved record quarterly production of over 29,000 ounces of gold" commented Richard Hall, President and CEO. "Our mines in Australia are projected to ramp up production in the second half of the year and to generate strong cash flow from operations."
[b]... und hier geht es weiter :[/b]
http://www.northgateminerals.com/news-and-media/press-releas…
Aber durch den Verkauf des Goldes zu einem VK-Preis von 1.502 US $, so hoch wie zu keiner Zeit zuvor, ist der Einbruch doch noch zu verkraften.
Nächstest Jahr wenn die Young Davidson-Mine mit produziert wird es wieder besser aussehen, dessen bin ich mir sicher, oder aber auch nicht wenn die Welt um uns zerbricht ?
Northgate Minerals Reports Second Quarter Results 08.05.2011
View Press Release (pdf) (PDF 240 KB)
Fosterville Achieves Record Quarterly Production
Notice: Conference Call and Webcast of Q2 Results Today at 10:00 am ET
Dial in: +647-427-7450 or 1-888-231-8191
VANCOUVER, Aug. 5, 2011 /CNW/ - (All figures based in accordance with International Financial Reporting Standards ("IFRS") and expressed 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 six months ended June 30, 2011.
Second Quarter Highlights
Operating and Financial
+ Gold production for the second quarter of 2011 totalled 43,798 ounces at an average net cash cost of $944 per ounce.
+ The Fosterville mine achieved a quarterly record of 29,181 ounces of gold at a net cash cost of $787 per ounce.
+ Gold sales were 44,372 ounces at a realized price of $1,502 per ounce.
Reported a net loss of $13.0 million or $0.04 per share. The adjusted net loss(1) for the second quarter of 2011 was $16.7 million or $0.05 per share. The net loss and adjusted net loss figures include a $12.7 million expense resulting from revisions to the reclamation cost estimate at Kemess South.
+ Strong cash flow from operations in Australia of $23.1 million. On a consolidated basis, Northgate reported cash flow from operations of ($3.7) million or ($0.01) per share, as a result of working capital changes and expenses associated with closing Kemess South and putting the facility on care and maintenance.
+ Northgate's cash balance at the end of the second quarter 2011 was $244.5 million.
Business Combination for Strong Value Creation
On July 13, 2011, Northgate announced a proposed business combination with Primero Mining Corp. (TSX:P) to create a leading mid-tier gold producer with significant value creation opportunities. The new company will benefit from a diversified production base, expansion potential from a portfolio of mines and projects and enhanced near-term cash flow.
Significant Development Opportunity
Northgate recently released positive results from a NI 43-101 Preliminary Assessment for the Kemess Underground Project. The results outline the development of an underground block/panel cave operation. Average annual production is expected to be 95,000 ounces of gold and 41.4 million pounds of copper at a below-industry cash cost of $115 per ounce over a 12-year mine-life.
Building Young-Davidson
Construction activities at Young-Davidson remain on schedule and on budget. To date, Northgate has invested approximately $180 million towards the construction of the Young-Davidson mine.
Expanding YD West Zone
At Young-Davidson, hole YD11-234B intersected one of the best intervals ever drilled on the property of 4.31 grams per tonne ("g/t") gold over 79.6 metres ("m").
"Second quarter production was highlighted by an excellent performance at Fosterville, as the mine achieved record quarterly production of over 29,000 ounces of gold" commented Richard Hall, President and CEO. "Our mines in Australia are projected to ramp up production in the second half of the year and to generate strong cash flow from operations."
[b]... und hier geht es weiter :[/b]
http://www.northgateminerals.com/news-and-media/press-releas…
Auszug ausder heutigen News:
Business Combination with Primero Mining Corp. for Strong Value Creation
Northgate has announced a proposed business combination with Primero to create a new, leading mid-tier gold producer with significant value creation opportunities. The combined company will benefit from a robust gold growth profile and strong cash flow from a portfolio of producing mines, supported by a robust resource base (see press release dated July 13, 2011). The new company will be led by Joe Conway, current President and CEO of Primero. Highlights of the transaction include:
Diversified production base: Three producing gold mines with 320,000 gold equivalent ounces in 2011E increasing to 550,000 ounces in 2013E coming from the addition of Young-Davidson and expansion at San Dimas, plus exploration pipeline, all located in pro-mining jurisdictions.
Leading growth profile: Expected production growth of 72% from 2011E to 2013E and declining cash costs, which will place the combined company amongst the leaders of its expected peer group.
Strong, complementary management team: Combines a proven CEO with an experienced technical team.
Solid financial position and cash flow: Fully-funded development of Young-Davidson with expected sufficient cash flow to re-pay all corporate debt and pursue accretive opportunities.
Unique re-valuation opportunity: Currently trading below peer average net asset value and cash flow multiples.
Enhanced capital markets presence: A market capitalization of over $1.4(2) billion is expected to appeal to a broader shareholder base, increase analytical following and improve share trading liquidity.
The proposed business combination will be effected by way of a Plan of Arrangement completed under the Business Corporations Act of British Columbia.
Under the terms of the Plan of Arrangement, each Primero shareholder will receive 1.50 common shares of Northgate for each Primero share held. The transaction will be carried out by way of a court-approved Plan of Arrangement and will require approval of the shareholders of Primero at a special meeting of Primero shareholders. The transaction is also subject to obtaining approval of the shareholders of Northgate at a special meeting of Northgate shareholders. The respective shareholder meetings for Northgate and Primero are scheduled to take place on September 21, 2011.
Und ab dem Jahr 2013 wird NXG in eine ganz andere Liga spielen wenn die 550k Au-Unzen zu den bisherigen dazukommen werde.
550k Primero
160k YDM
110k Fosterville und
80k von der Stavell-Mine das sind insgesamt
900k Au-Unzen und das bei Preisen von 2ooo US $ und höher im Jahr 2013.
Das ist ein Brutto-Umsatz von 1,8 Mia. US $ und das zu durchschnittlichen Förderkosten von ca. 800 -1000 US$
Das wird eine Marge die sich sehen lassen kann, wer rechnen kann ist bestimmt schlau, oder aber auch nicht ?
Business Combination with Primero Mining Corp. for Strong Value Creation
Northgate has announced a proposed business combination with Primero to create a new, leading mid-tier gold producer with significant value creation opportunities. The combined company will benefit from a robust gold growth profile and strong cash flow from a portfolio of producing mines, supported by a robust resource base (see press release dated July 13, 2011). The new company will be led by Joe Conway, current President and CEO of Primero. Highlights of the transaction include:
Diversified production base: Three producing gold mines with 320,000 gold equivalent ounces in 2011E increasing to 550,000 ounces in 2013E coming from the addition of Young-Davidson and expansion at San Dimas, plus exploration pipeline, all located in pro-mining jurisdictions.
Leading growth profile: Expected production growth of 72% from 2011E to 2013E and declining cash costs, which will place the combined company amongst the leaders of its expected peer group.
Strong, complementary management team: Combines a proven CEO with an experienced technical team.
Solid financial position and cash flow: Fully-funded development of Young-Davidson with expected sufficient cash flow to re-pay all corporate debt and pursue accretive opportunities.
Unique re-valuation opportunity: Currently trading below peer average net asset value and cash flow multiples.
Enhanced capital markets presence: A market capitalization of over $1.4(2) billion is expected to appeal to a broader shareholder base, increase analytical following and improve share trading liquidity.
The proposed business combination will be effected by way of a Plan of Arrangement completed under the Business Corporations Act of British Columbia.
Under the terms of the Plan of Arrangement, each Primero shareholder will receive 1.50 common shares of Northgate for each Primero share held. The transaction will be carried out by way of a court-approved Plan of Arrangement and will require approval of the shareholders of Primero at a special meeting of Primero shareholders. The transaction is also subject to obtaining approval of the shareholders of Northgate at a special meeting of Northgate shareholders. The respective shareholder meetings for Northgate and Primero are scheduled to take place on September 21, 2011.
Und ab dem Jahr 2013 wird NXG in eine ganz andere Liga spielen wenn die 550k Au-Unzen zu den bisherigen dazukommen werde.
550k Primero
160k YDM
110k Fosterville und
80k von der Stavell-Mine das sind insgesamt
900k Au-Unzen und das bei Preisen von 2ooo US $ und höher im Jahr 2013.
Das ist ein Brutto-Umsatz von 1,8 Mia. US $ und das zu durchschnittlichen Förderkosten von ca. 800 -1000 US$
Das wird eine Marge die sich sehen lassen kann, wer rechnen kann ist bestimmt schlau, oder aber auch nicht ?
Heute hat Northgate die Zahlen von Primero für das 2. Halbjahr veröffentlicht. Werde mich mal dran geben und versuchen mir die News zu eigen zu machen.
Sobald ich mich eingeleden habe werde ich mich nochmals melden.
Dear Northgate Minerals Corporation E-mail Alert Subscribers,
Northgate Minerals Corporation has added a new press release to its web site. For full details please visit the Northgate web site at:
http://www.primeromining.com/NEWS--Events/News-Releases-Deta…
TORONTO, ONTARIO--(Marketwire - Aug. 10, 2011) - Primero Mining Corp. ("Primero" or the "Company") (TSX:P) -
(Please note that all dollar amounts in this news release are expressed in U.S. dollars, unless otherwise noted. Prior to the acquisition of the San Dimas mine on August 6, 2010, the Company did not have any producing mines and hence did not realize any revenue or earnings from mine operations. The discussion in this news release includes comparisons with the three months ended March 31, 2011, as results from the three months ended June 30, 2010 are not comparable.)
Sobald ich mich eingeleden habe werde ich mich nochmals melden.
Dear Northgate Minerals Corporation E-mail Alert Subscribers,
Northgate Minerals Corporation has added a new press release to its web site. For full details please visit the Northgate web site at:
http://www.primeromining.com/NEWS--Events/News-Releases-Deta…
TORONTO, ONTARIO--(Marketwire - Aug. 10, 2011) - Primero Mining Corp. ("Primero" or the "Company") (TSX:P) -
(Please note that all dollar amounts in this news release are expressed in U.S. dollars, unless otherwise noted. Prior to the acquisition of the San Dimas mine on August 6, 2010, the Company did not have any producing mines and hence did not realize any revenue or earnings from mine operations. The discussion in this news release includes comparisons with the three months ended March 31, 2011, as results from the three months ended June 30, 2010 are not comparable.)
Auszug aus der heuigen News in deutscher Sprache:
Highlights für das Zweite Quartal 2011:
- Erhöhte Einnahmen - Der Umsatz stieg um 20% gegenüber dem ersten Quartal 2011 (3) auf
US $ 40.800.000;
- Erhöhter Gewinn und Cash Flow - der Nettogewinn stieg deutlich gegenüber dem
ersten Quartal 2011 auf $ 3.900.000 ($ 0,04 pro Aktie), während
der operative Cash Flow vor Veränderung des Nettoumlaufvermögens (4) sich auf $ 21,5
Mio. ($ 0,24 pro Aktie) erhöhte;
- Anhaltend starke Produktion - produziert wurden zu 27.600 Unzen im Goldäquivalent;
- Die Cash Cost Reduction - Die Gesamt-Cash-Kosten von $ 38 bis $ 586 pro gold wurden gesenkt
Äquivalent pro Unze, oder $ 190 pro Unze Gold auf ein Nebenprodukt Basis;
(Silber oder welches andere Produkt wurde noch zusätzlich gefördert ? b-trader
- First Silver Spot Vertrieb (5) - 260.600 Unzen Silber wurden bei einem durchschnittlichen Silber Spot-Preis von $ 34,59 verkauft;
- Extended Sinaloa Graben Drifting - Die Entwicklung weitet sich auf und Elijah Aranza
zeigt hochgradige Werte an;
Höhepunkte nach dem Zweiten Quartal:
- Northgate Fusionsankündigung für den Aufbau eines führenden Goldproduzenten;
- Mehrwertsteuer-Rückerstattung - Es gab eine Mehrwertsteuer-Rückerstattung von $ 87.200.000, daraus ergibt sich eine Erhöhung um 17.100.000 $ bei den liquiden Mitteln, nach der MwSt. Rückzahlung eines Darlehens;
Convertible Note-Erweiterung - Die Goldcorp Inc. verlängert die Fälligkeit der Wandelanleihe bis zum 5. August 2012.
Außerdem schaut euch schon mal die im Juli 2011 neu eingestellte Presentation an.
Meines Errachtens war es ein guter Griff den sie mit der Übernahme mit Primero geleistet haben.
Bin gespannt wie es im nächsten Jahr wenn sie YD-Mine noch dazu kommt mit dem Kurs nach oben gehen wird.
Hier erst einmal der Link zur Presentation:
http://www.primeromining.com/Theme/Primero/files/Northgate%2…
Highlights für das Zweite Quartal 2011:
- Erhöhte Einnahmen - Der Umsatz stieg um 20% gegenüber dem ersten Quartal 2011 (3) auf
US $ 40.800.000;
- Erhöhter Gewinn und Cash Flow - der Nettogewinn stieg deutlich gegenüber dem
ersten Quartal 2011 auf $ 3.900.000 ($ 0,04 pro Aktie), während
der operative Cash Flow vor Veränderung des Nettoumlaufvermögens (4) sich auf $ 21,5
Mio. ($ 0,24 pro Aktie) erhöhte;
- Anhaltend starke Produktion - produziert wurden zu 27.600 Unzen im Goldäquivalent;
- Die Cash Cost Reduction - Die Gesamt-Cash-Kosten von $ 38 bis $ 586 pro gold wurden gesenkt
Äquivalent pro Unze, oder $ 190 pro Unze Gold auf ein Nebenprodukt Basis;
(Silber oder welches andere Produkt wurde noch zusätzlich gefördert ? b-trader
- First Silver Spot Vertrieb (5) - 260.600 Unzen Silber wurden bei einem durchschnittlichen Silber Spot-Preis von $ 34,59 verkauft;
- Extended Sinaloa Graben Drifting - Die Entwicklung weitet sich auf und Elijah Aranza
zeigt hochgradige Werte an;
Höhepunkte nach dem Zweiten Quartal:
- Northgate Fusionsankündigung für den Aufbau eines führenden Goldproduzenten;
- Mehrwertsteuer-Rückerstattung - Es gab eine Mehrwertsteuer-Rückerstattung von $ 87.200.000, daraus ergibt sich eine Erhöhung um 17.100.000 $ bei den liquiden Mitteln, nach der MwSt. Rückzahlung eines Darlehens;
Convertible Note-Erweiterung - Die Goldcorp Inc. verlängert die Fälligkeit der Wandelanleihe bis zum 5. August 2012.
Außerdem schaut euch schon mal die im Juli 2011 neu eingestellte Presentation an.
Meines Errachtens war es ein guter Griff den sie mit der Übernahme mit Primero geleistet haben.
Bin gespannt wie es im nächsten Jahr wenn sie YD-Mine noch dazu kommt mit dem Kurs nach oben gehen wird.
Hier erst einmal der Link zur Presentation:
http://www.primeromining.com/Theme/Primero/files/Northgate%2…
Primero hat die Mine im letzten Jahr übernommen und hat heute mit den vorgehedgen Preise für Silber zu kämpfen.
Abe ich gehe davon aus, dass das im nächsten Jahr vorbei ist und richtiges Geld verdient wird.
Ich glaube es sind so um die 3,5 Mill Unzen AG., ich weiß jetzt nur nicht ob im 1/2 oder im 1/4 Jahr. Werde mir das aber noch ansehen.
Abe ich gehe davon aus, dass das im nächsten Jahr vorbei ist und richtiges Geld verdient wird.
Ich glaube es sind so um die 3,5 Mill Unzen AG., ich weiß jetzt nur nicht ob im 1/2 oder im 1/4 Jahr. Werde mir das aber noch ansehen.
Wer weiß wo das noch hin gehen wird. Alle die über Edelmetalles verfügen könnten eventuell mit einem blauen <Auge davon kommen, bzw. diese Misere vielleicht auch übersstehen ?
Vielleicht aber nur ?
Gold und Silber steigen – Gefahr droht
19.08.2011by divo2.075 Leser0 Kommentare
Aktuell klettert Gold gemächlich, Prozentpunkt um Prozentpunkt nach oben und Silber folgt ihm auf dem Fuß. Für Gold- und Silberbugs ist das durchaus schön – aber es lauert eine neue, alte Gefahr…
Mein Gefühl sagt mir aktuell ganz deutlich, dass wir erneute und kräftige Marginerhöhungen oder andere Manipulationen zu erwarten haben – vor allem beim Silber. JPM und Kartellkonsorten haben sich zwar etwas mehr im Longbereich engagiert und einige Shorts abgebaut – aber Gold und Silber sind Systemgefährlich und daher wird mit absoluter Sicherheit alles getan werden, um deren Anstieg so weit wie möglich zu behindern. Spätestens, wenn Silber in die Nähe der 50 Dollarmarke kommen sollte, wird es erneut knallen – da kann man ganz sicher sein. Die aktuelle, sehr kräftige Aufwärtsbewegung bei Silber ergibt bestimmt wieder eine willkommene Ausrede, für erneute, “präventive” Marginerhöhungn – natürlich nur zum Schutz der Anleger! Wer weiß, vielleicht wurde da auch ein wenig nachgeholfen?
Natürlich folge ich hier keinen Indizien – beim Gold gab es erst zwei Marginerhöhungen. Aber ich rieche den Braten oft relativ früh und warnen kann ja nie schaden. Also ihr Papiergold- und Papiersilberspieler, passt auf eure Spielscheinchen auf…es kann schneller wieder rückwärts gehen, als ihr bis drei zählen könnt. Kauft lieber ein paar Ünzchen – als weitere Papierchen…
Nachtrag um 20:30: ZeroHedge meldet, dass der Broker Interactive Brokers vor erneuten Marginerhöhungen bei Gold warnt. Bingo!
.
http://www.zerohedge.com/news/interactive-brokers-warns-gold…
Vielleicht aber nur ?
Gold und Silber steigen – Gefahr droht
19.08.2011by divo2.075 Leser0 Kommentare
Aktuell klettert Gold gemächlich, Prozentpunkt um Prozentpunkt nach oben und Silber folgt ihm auf dem Fuß. Für Gold- und Silberbugs ist das durchaus schön – aber es lauert eine neue, alte Gefahr…
Mein Gefühl sagt mir aktuell ganz deutlich, dass wir erneute und kräftige Marginerhöhungen oder andere Manipulationen zu erwarten haben – vor allem beim Silber. JPM und Kartellkonsorten haben sich zwar etwas mehr im Longbereich engagiert und einige Shorts abgebaut – aber Gold und Silber sind Systemgefährlich und daher wird mit absoluter Sicherheit alles getan werden, um deren Anstieg so weit wie möglich zu behindern. Spätestens, wenn Silber in die Nähe der 50 Dollarmarke kommen sollte, wird es erneut knallen – da kann man ganz sicher sein. Die aktuelle, sehr kräftige Aufwärtsbewegung bei Silber ergibt bestimmt wieder eine willkommene Ausrede, für erneute, “präventive” Marginerhöhungn – natürlich nur zum Schutz der Anleger! Wer weiß, vielleicht wurde da auch ein wenig nachgeholfen?
Natürlich folge ich hier keinen Indizien – beim Gold gab es erst zwei Marginerhöhungen. Aber ich rieche den Braten oft relativ früh und warnen kann ja nie schaden. Also ihr Papiergold- und Papiersilberspieler, passt auf eure Spielscheinchen auf…es kann schneller wieder rückwärts gehen, als ihr bis drei zählen könnt. Kauft lieber ein paar Ünzchen – als weitere Papierchen…
Nachtrag um 20:30: ZeroHedge meldet, dass der Broker Interactive Brokers vor erneuten Marginerhöhungen bei Gold warnt. Bingo!
.
http://www.zerohedge.com/news/interactive-brokers-warns-gold…
Trotz des schon etwas verspäteten zeitpunkt eine sehr interessante Seite.
Silber als Speer und Schild
Erlaubte Übersetzung der amerikanischen Internetseite
http://dont-tread-on.me/the-silver-bullet-and-the-silver-shi…
"Der beste Artikel über Silber seit 10 Jahren" - Jason Hommel
"Artikel der Woche" bei Silver Bear Cafe
Die ultimative, f r e i e Anleitung für Silberinvestoren
von Silver Shield am 25. Februar 2011
http://www.silberrebell.de/
Silber als Speer und Schild
Erlaubte Übersetzung der amerikanischen Internetseite
http://dont-tread-on.me/the-silver-bullet-and-the-silver-shi…
"Der beste Artikel über Silber seit 10 Jahren" - Jason Hommel
"Artikel der Woche" bei Silver Bear Cafe
Die ultimative, f r e i e Anleitung für Silberinvestoren
von Silver Shield am 25. Februar 2011
http://www.silberrebell.de/
Achtung, es geht jetzt bald los. Den beiden Subjekten, Kanzlerin der BRD und der französische neue Napoleon, geht es bald an den Kragen.
Will hoffen, das es den verdammten Politikspiel "Rettungsschirm" , von Merkel und Sarkosy, endlich an den Kragen gehen wird.
Wer hätte gedacht, dass die Merkel, die Geheimwaffe vom Honnecker ist, Westdeutschland doch noch untergehen zu lassen.
Ob sie es schaffen wird ?
Bin echt gespannt wie das Europäische Gericht entscheiden wird.
Nimmt es die Klage an oder nicht ?
Unternehmer bringen Verfassungsrichter vor Gericht
Die Klägergruppe wirft dem höchsten deutschen Gericht vor, es schädige die Demokratie – und spiele einem "Staatsstreich" von Merkel und Sarkozy in die Hände.
http://www.welt.de/politik/deutschland/article13562129/Unter…
Will hoffen, das es den verdammten Politikspiel "Rettungsschirm" , von Merkel und Sarkosy, endlich an den Kragen gehen wird.
Wer hätte gedacht, dass die Merkel, die Geheimwaffe vom Honnecker ist, Westdeutschland doch noch untergehen zu lassen.
Ob sie es schaffen wird ?
Bin echt gespannt wie das Europäische Gericht entscheiden wird.
Nimmt es die Klage an oder nicht ?
Unternehmer bringen Verfassungsrichter vor Gericht
Die Klägergruppe wirft dem höchsten deutschen Gericht vor, es schädige die Demokratie – und spiele einem "Staatsstreich" von Merkel und Sarkozy in die Hände.
http://www.welt.de/politik/deutschland/article13562129/Unter…
Northgate exploriert immer noch weiter auf dem Gebiet von Young Davidson und wie man sieht finden sie auch noch eine ganze Menge Edelmetalle, sowohl Gold als auch Silber, zumindest im Beipack.
Sollte das so weiter gehen, ist von einer Verlängerung der Lebensdauer der Mine bestimmt auszugehen. Was sind dann schon 15 jahre wenn es nbald heißt, die Mine wird mindestens um 1/3 der Lebensdauer verlägetrt. Das heißt dann mindestens 20 Jahre und jeweils jährlich bis zu 180.000 Ouncen Gold.
Northgate Minerals Intersects Two Major Intervals in the YD West Zone at Young-Davidson 08.25.2011
View Press Release (pdf) (PDF 645 KB)
Hole YD11-242 Intersects 5.30 g/t gold over 44.1 m and
Hole YD11-240A Intersects 2.67 g/t gold over 193.0 m
VANCOUVER, Aug. 25, 2011 /CNW/ -
Northgate Minerals Corporation (TSX: NGX) (NYSE Amex: NXG) is pleased to report that Hole YD11-242 in the YD West zone intersected 5.30 grams per tonne ("g/t") gold over 44.1 metres (m) (estimated true thickness is 30.0 m), including 6.49 g/t over 27.5 m. Hole YD11-240A, an oblique hole drilled at an approximate 45°angle to the zone, returned 2.67 g/t over 193.0 m (estimated true thickness is 48.3 m). The YD West zone is located just west of the currently known 2.8 million ounce reserve1 at Young-Davidson in northern Ontario. Production of the Young-Davidson mine is scheduled to commence in 2012.
The YD West zone continues to expand since Discovery Hole YD10-198 intersected 3.46 g/t over 79.5 m last year. Additional intersections have returned some of the highest-grade intervals ever drilled on the property, including Hole YD11-234B, which returned 4.31 g/t gold over 79.6 m (see press release dated June 7, 2011). The most recent intervals, YD11-242 and 240A, confirm the highly prospective YD West zone hosting a thick auriferous horizon.
Holes YD11-242 and 240A Highlights
Hole YD11-242 returned 5.30 g/t gold over 44.1 m (estimated 30.0 m true thickness).
....The hole contains a higher grade section of 6.49 g/t over 27.5 m.
....The hole is located about 65 m below and 50 m east of Hole YD11-234B.
Hole YD11-240A, an oblique hole, returned 2.67 g/t gold over 193.0 m.
The hole contains two higher grade sections of 4.32 g/t over 9.0 m and 5.08 g/t over 6.8 m.
....The hole includes a 21 m section of a post-mineral diabase dyke. The entire intersection (with the dyke removed) grades 2.99 g/t gold over 172.0 m.
....This new intersection is oblique to the zone as the hole was designed to test both the attitude of the post mineral dykes and the continuity of the zone between the dykes. The intersection suggests the zone is continuous for at least 190 m down dip.
Holes YD11-240A and YD11-242 are both very significant intersections and will be utilized to perform a resource estimation in the fall. These reported holes also demonstrate the continuity of the YD West zone, which remains open down dip and to the west.
....Two diamond drills continue to explore in this area. An additional underground exploration drill has been mobilized to the property to test below the UBZ zone, located both below and east of current reserves.
"With the most recent drill results, we are confident the YD West zone will add significant resources to the property, as many of the holes have returned higher than average reserve grade" commented Richard Hall, President and CEO of Northgate. "As production from the Young-Davidson mine is scheduled to commence in 2012, we look forward to completing a resource estimation of this new zone, which could increase the mine's average annual production or extend the initial 15-year mine-life."
Figure 1 - YD West Zone-Longitudinal Section
http://www.northgateminerals.com/Theme/Northgate/files/Relea…
Figure 2 - 9300m Level Plan
http://www.northgateminerals.com/Theme/Northgate/files/Relea…
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. The holes shown on the level plan are projected either 75 m up dip or 225 m down dip to the 9300 m level and 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 is to the north, downwards or a combination of the two.
http://www.northgateminerals.com/news-and-media/press-releas…
Sollte das so weiter gehen, ist von einer Verlängerung der Lebensdauer der Mine bestimmt auszugehen. Was sind dann schon 15 jahre wenn es nbald heißt, die Mine wird mindestens um 1/3 der Lebensdauer verlägetrt. Das heißt dann mindestens 20 Jahre und jeweils jährlich bis zu 180.000 Ouncen Gold.
Northgate Minerals Intersects Two Major Intervals in the YD West Zone at Young-Davidson 08.25.2011
View Press Release (pdf) (PDF 645 KB)
Hole YD11-242 Intersects 5.30 g/t gold over 44.1 m and
Hole YD11-240A Intersects 2.67 g/t gold over 193.0 m
VANCOUVER, Aug. 25, 2011 /CNW/ -
Northgate Minerals Corporation (TSX: NGX) (NYSE Amex: NXG) is pleased to report that Hole YD11-242 in the YD West zone intersected 5.30 grams per tonne ("g/t") gold over 44.1 metres (m) (estimated true thickness is 30.0 m), including 6.49 g/t over 27.5 m. Hole YD11-240A, an oblique hole drilled at an approximate 45°angle to the zone, returned 2.67 g/t over 193.0 m (estimated true thickness is 48.3 m). The YD West zone is located just west of the currently known 2.8 million ounce reserve1 at Young-Davidson in northern Ontario. Production of the Young-Davidson mine is scheduled to commence in 2012.
The YD West zone continues to expand since Discovery Hole YD10-198 intersected 3.46 g/t over 79.5 m last year. Additional intersections have returned some of the highest-grade intervals ever drilled on the property, including Hole YD11-234B, which returned 4.31 g/t gold over 79.6 m (see press release dated June 7, 2011). The most recent intervals, YD11-242 and 240A, confirm the highly prospective YD West zone hosting a thick auriferous horizon.
Holes YD11-242 and 240A Highlights
Hole YD11-242 returned 5.30 g/t gold over 44.1 m (estimated 30.0 m true thickness).
....The hole contains a higher grade section of 6.49 g/t over 27.5 m.
....The hole is located about 65 m below and 50 m east of Hole YD11-234B.
Hole YD11-240A, an oblique hole, returned 2.67 g/t gold over 193.0 m.
The hole contains two higher grade sections of 4.32 g/t over 9.0 m and 5.08 g/t over 6.8 m.
....The hole includes a 21 m section of a post-mineral diabase dyke. The entire intersection (with the dyke removed) grades 2.99 g/t gold over 172.0 m.
....This new intersection is oblique to the zone as the hole was designed to test both the attitude of the post mineral dykes and the continuity of the zone between the dykes. The intersection suggests the zone is continuous for at least 190 m down dip.
Holes YD11-240A and YD11-242 are both very significant intersections and will be utilized to perform a resource estimation in the fall. These reported holes also demonstrate the continuity of the YD West zone, which remains open down dip and to the west.
....Two diamond drills continue to explore in this area. An additional underground exploration drill has been mobilized to the property to test below the UBZ zone, located both below and east of current reserves.
"With the most recent drill results, we are confident the YD West zone will add significant resources to the property, as many of the holes have returned higher than average reserve grade" commented Richard Hall, President and CEO of Northgate. "As production from the Young-Davidson mine is scheduled to commence in 2012, we look forward to completing a resource estimation of this new zone, which could increase the mine's average annual production or extend the initial 15-year mine-life."
Figure 1 - YD West Zone-Longitudinal Section
http://www.northgateminerals.com/Theme/Northgate/files/Relea…
Figure 2 - 9300m Level Plan
http://www.northgateminerals.com/Theme/Northgate/files/Relea…
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. The holes shown on the level plan are projected either 75 m up dip or 225 m down dip to the 9300 m level and 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 is to the north, downwards or a combination of the two.
http://www.northgateminerals.com/news-and-media/press-releas…
Helikopter Ben hat die Märkte heute mit keinem neuem Geld geflutet.
Ben hält sich zurück, ob das etwas zu sagen hat ? Für NXG sieht es nach meiner Meinung nicht schlecht aus, immer neue Edelmetallfunde kann das Potenzial der Aktie eigentlich nur gut sein.
Kann doch nur bedeuten, dass das gold und auch das Silber zu neuen Kurshöhen stürmen wird. Wenn es auch noch nicht heute ist wird es aber in der nächsten Woche so weit sein. Sollte ich kein Recht haben, war es halt falsch.
Jeder kann sich mal irren, oder ?
Hört es euch an:
26.08.2011 19:29
Börse Live: DAX - Negativ, aber positiv
von Mike Knauft
http://www.daf.fm/video/boerse-live-dax---negativ-aber-posit…
Ben hält sich zurück, ob das etwas zu sagen hat ? Für NXG sieht es nach meiner Meinung nicht schlecht aus, immer neue Edelmetallfunde kann das Potenzial der Aktie eigentlich nur gut sein.
Kann doch nur bedeuten, dass das gold und auch das Silber zu neuen Kurshöhen stürmen wird. Wenn es auch noch nicht heute ist wird es aber in der nächsten Woche so weit sein. Sollte ich kein Recht haben, war es halt falsch.
Jeder kann sich mal irren, oder ?
Hört es euch an:
26.08.2011 19:29
Börse Live: DAX - Negativ, aber positiv
von Mike Knauft
http://www.daf.fm/video/boerse-live-dax---negativ-aber-posit…
Welche Minenaktien sind die richtigen für unser Depot`?
26.08.2011 16:19
Gold-Rallye: Jetzt in Goldminen investieren
Der Goldpreis steigt und steigt. Für Anleger, die bis jetzt noch nicht in Gold investiert sind, ist das Edelmetall eine kostspielige Sache. Doch es gibt auch attraktive Alternativen zu physischem Gold im Depot. Björn Paffrath, Chefredakteur des Börsenbriefes "Der Goldmarkt", stellt diese Alternativen vor.
Anleger sollten sich ein Investment in Goldminenaktien genauer ansehen. Sie sind neben physischem Gold die größten Profiteure der jüngsten Krise. Hier bestehen nach wie vor hervorragende Chancen, so der Experte Björn Paffrath. Kursgewinne von bis zu 50 Prozent könnten hier möglich sein. Doch auch Gold-Fonds bieten attraktive Rendite-Chancen, so Paffrath weiter.
Redakteur: Christina Thonack
http://www.daf.fm/video/gold-rallye-jetzt-in-goldminen-inves…
26.08.2011 16:19
Gold-Rallye: Jetzt in Goldminen investieren
Der Goldpreis steigt und steigt. Für Anleger, die bis jetzt noch nicht in Gold investiert sind, ist das Edelmetall eine kostspielige Sache. Doch es gibt auch attraktive Alternativen zu physischem Gold im Depot. Björn Paffrath, Chefredakteur des Börsenbriefes "Der Goldmarkt", stellt diese Alternativen vor.
Anleger sollten sich ein Investment in Goldminenaktien genauer ansehen. Sie sind neben physischem Gold die größten Profiteure der jüngsten Krise. Hier bestehen nach wie vor hervorragende Chancen, so der Experte Björn Paffrath. Kursgewinne von bis zu 50 Prozent könnten hier möglich sein. Doch auch Gold-Fonds bieten attraktive Rendite-Chancen, so Paffrath weiter.
Redakteur: Christina Thonack
http://www.daf.fm/video/gold-rallye-jetzt-in-goldminen-inves…
AuRico Gold kündigt Übernahme von Northgate Minerals an
Autor: Aktiencheck News | 29.08.2011, 15:42
http://www.wallstreet-online.de/nachricht/3268966-aurico-gol…
Autor: Aktiencheck News | 29.08.2011, 15:42
http://www.wallstreet-online.de/nachricht/3268966-aurico-gol…
Ich glaube Northgate stößt jetzt in eine ganz andere Liga .
Bin aber auch gespannt ob es so bleibt. Manchmal geht alles ja ganz schnell. Vielleicht geschieht das ja auch mal mit einem anderen Wert.
Der Kurs von AuRico Gold ist heute ebenfalls leicht gestiegen und liegt heute bei 13,72 US $ . Das Übernahmeangebot bedeutet 1 Northgate Aktie für 0,365 der AuRico-Aktie, bei einem Kursstand von 13,20 ca. 4,80 US$
Noch liegt allerdings der NXG-Kurs heute in der USA nur bei 4,24 US $.
Was bedeutet das ? Normsal wäre es doch wenn der NG-Kurs sofort auf die 5 US$ springt, oder ?
Dieses heutige ANGEBOT von AuRico bedeutet einen Aufschlag auf den Freitag-Kurs von NXG auf ca. 45 %. b]
AuRico Gold to Acquire Northgate Minerals and Create
A Leading Intermediate Gold Company
Superior Production Growth with Fully Un-Hedged Precious Metals Exposure
Toronto: August 29, 2011:
AuRico Gold Inc. (“AuRico”) (TSX:AUQ) (NYSE:AUQ) and Northgate Minerals Corporation (“Northgate”) (TSX:NGX) (NYSE-Amex:NXG) are pleased to announce that they have enterIch glaube Northgate stößt jetzt in eine ganz andere Liga auf.
ed into a definitive acquisition agreement (the “Agreement”) to create a new leading intermediate gold producer. The new company will have 5 operating gold mines, a sixth mine targeting production in 2012 and 3 gold development projects in Mexico, Canada, and Australia, three of the top global mining jurisdictions. The combined company is completely unhedged and offers full exposure to record gold and silver prices and an exceptional growth profile from approximately 475,0001 gold equivalent (“Aue”) ounces2 this year to 730,000+3 Aue ounces in 2013 (growth of approximately 54%). All figures in Canadian dollars, unless otherwise indicated.
Under the terms of the Agreement, AuRico will acquire all of the issued and outstanding common shares of Northgate on the basis of 0.365 AuRico common shares per Northgate common share. Based on both companies’ 20-day volume weighted average prices on the Toronto Stock Exchange (TSX) ending on August 26, 2011, the exchange ratio under the offer represents a 45% premium to Northgate’s shareholders.
“The combination of AuRico and Northgate will immediately position the combined company as a pre-eminent intermediate gold producer with peer leading growth”, said Rene Marion, President and CEO of AuRico. “The assets, projects and people in our two companies are highly complementary and we are excited about the many opportunities ahead for us to continue to deliver value to our shareholders.”
Richard Hall, President and CEO of Northgate, added "This transaction gives Northgate shareholders a significant premium to market and an exciting opportunity to participate in a leading intermediate gold company. The Northgate team has worked hard to develop a highly successful business in Canada and Australia and we look forward to further value creation through our combination with AuRico.”
AuRico Gold Pro Forma Highlights:
Emergence of a new leading intermediate gold company with expected 2011 production of 475,000 Aue ounces1 and peer leading growth of approximately 54% to 730,000+3 Aue ounces by 2013
Large resource base of approximately 19 million Aue ounces (excluding copper)
2 cornerstone assets in Ocampo and Young-Davidson that alone have the potential to produce over 500,000 Aue ounces at lowest quartile cash costs
Fully un-hedged exposure to record gold and silver prices generating significant free cash flows
Strong balance sheet
1 Adding together the midpoints of AuRico’s production guidance (265,000 – 295,000 gold equivalent ounces) and Northgate’s production guidance (190,000 – 200,000 gold ounces)
2 Gold equivalent ounces include silver ounces produced and sold converted to gold equivalent based on AuRico’s long-term gold equivalency ratio of 55:1
3 As per street consensus
Experienced management team with a proven track record of building and operating mines; supported by highly qualified Directors
Excellent platform for further consolidation, with a focus on the Americas
Geopolitically diversified asset portfolio across three of the most attractive mining jurisdictions (Mexico, Canada, and Australia)
Enhanced market presence: AuRico and Northgate are covered by 15 analysts, and will have exceptional trading liquidity with listings on the TSX and NYSE
Compelling revaluation opportunity driven by an attractive valuation, significant synergies, and a
focused growth strategy
Current shareholders of AuRico and Northgate will own approximately 62% and 38% respectively 4 of the pro forma company. The Board of Directors of the combined company will include three nominees from Northgate.
Transaction Summary:
The acquisition of Northgate by AuRico will be completed by way of a court approved plan of arrangement. The Agreement has been unanimously approved by the Boards of Directors of AuRico and Northgate. UBS Securities Canada Inc. provided a fairness opinion to the Board of Directors of AuRico and GMP Securities L.P. and Macquarie Capital Markets Canada Ltd. provided fairness opinions to the Special Committee and Board of Directors of Northgate.
The transaction is subject to approval by 66 and 2/3% of the votes cast by holders of Northgate common shares at a special meeting of Northgate shareholders expected to be held in October. The transaction is also subject to obtaining approval by a majority of votes cast by the shareholders of AuRico at a special meeting of AuRico shareholders expected to take place on the same date as the Northgate meeting, as well as certain other customary conditions. Closing of the transaction is expected in October. The Agreement includes customary deal protection and non-solicitation provisions including reciprocal break fees, right to match and fiduciary-out provisions.
On August 28, 2011, the Board of Directors of Northgate determined that AuRico’s proposal to enter into the Agreement is a “superior proposal” for the purposes of the arrangement agreement between Northgate and Primero Mining Corp (“Primero”) previously announced on July 13, 2011 (the “Primero Agreement”). Northgate’s Board provided notice of that determination to Primero. On receiving this notice, Primero waived its “right to match” the proposal by AuRico. Accordingly, as per the terms of the Primero Agreement, Northgate has paid a termination fee of $25 million to Primero and the Primero Agreement has been terminated. The meeting of Northgate shareholders currently scheduled for September 21, 2011 has been delayed to a later date which is expected to be in October, 2011, at which Northgate shareholders will be asked to approve the transaction with AuRico.
Advisors and Counsel
AuRico has retained UBS Securities Canada Inc. to act as financial advisor and Fasken Martineau to act as legal advisor.
Northgate has retained GMP Securities L.P. to act as financial advisor and Torys LLP to act as legal advisor.
4 Pro forma ownership indicated does not include any equity interest that may arise out of Northgate's outstanding convertible note
Joint Conference Call and Webcast:
AuRico and Northgate will hold a joint conference call and webcast on Monday, August 29, 2011 starting at 8:30 a.m. Eastern Time.
Conference Call Access:
• Canada & US Toll Free: (888) 231-8191
• International & Toronto: (647) 427-7450
Conference Call Webcast:
The conference call event will be broadcast live on the internet via webcast. To access the webcast please follow the link provided below:
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3637…
A live and archived webcast will be available at www.auricogold.com and at www.northgateminerals.com.
About AuRico Gold:
AuRico Gold is a leading intermediate Canadian gold and silver producer with a diversified portfolio of high quality mines and projects in Mexico. The Company’s three wholly-owned operating properties include the Ocampo mine in Chihuahua State, the El Chanate mine in Sonora State and the El Cubo mine in Guanajuato State. A strong pipeline of development and exploration stage projects include the Guadalupe y Calvo advanced development property in Chihuahua State and the Orion advanced development property in Nayarit State, along with six exploration properties throughout Mexico. AuRico’s head office is located in Toronto, Ontario, Canada.
About Northgate Minerals:
Northgate Minerals Corporation is a gold and copper producer with mining operations, development projects and exploration properties in the Americas and Australia. Northgate currently owns and operates the Fosterville and Stawell gold mines in Victoria Australia, and is building the Young-Davidson gold mine in northern Ontario, which is targeting a 15-year mine life with average annual production of 180,000 ounces of gold commencing in 2012.
For further information please visit our websites at http://www.auricogold.com and http://www.northgateminerals.com or contact:
AuRico Gold
Rene Marion
President & CEO
647-260-8880
Anne Day
Director of Investor Relations
647-260-8880
Northgate Minerals
Richard Hall
President & CEO
416-216-2772
Keren R. Yun
Director of Investor Relations
416-216-2781
Cautionary Statement
Cautionary Note to US Investors – The United States Securities and Exchange Commission permits US mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. This press release uses certain terms, such as “measured”, “indicated” and “inferred” “resources,‛ that the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC. US Investors are urged to consider closely the disclosure in AuRico Gold‟s Annual Report on Form 40-F, which may be secured from AuRico Gold, or from the SEC‟s website at http://www.sec.gov/edgar.shtml.
http://www.auricogold.com/
Wie oben schon geschrieben wird NXG jetzt in eine ganz andere Liga aufsteigen.
AuRico Gold Inc. plant Fusion mit Northgate Minerals Corp.
AuRico Gold Inc. (ehemals Gammon Gold) und Northgate Minerals Corporation gaben heute bekannt, dass sie eine Übernahmevereinbarung getroffen haben, wodurch ein neuer, führender Goldproduzent entstehen soll. Das neue Unternehmen werde zunächst 5 Goldminen betreiben und 2012 noch eine weitere. Hinzu kommen 3 Gold-Entwicklungsprojekte in Mexiko, Kanada und Australien.
Im Rahmen der Transaktion wird AuRico alle ausgegebenen und ausstehenden Northgate-Stammaktien erwerben und je 0,365 AuRico-Stammaktien pro Northgate-Stammaktie eintauschen.
Rene Marion, Präsident und CEO von AuRico, und Richard Hall, Präsident und CEO von Northgate, zeigten sich sehr erfreut über den erfolgreichen Zusammenschluss. Das neue Unternehmen erwartet für 2011 eine Produktion von 475.000 oz Gold.
© Redaktion GoldSeiten.de / Rohstoff-Welt.de / MinenPortal.de
© 2011 Rohstoff-Welt.de
http://www.finanznachrichten.de/nachrichten-2011-08/21199201…
Bin aber auch gespannt ob es so bleibt. Manchmal geht alles ja ganz schnell. Vielleicht geschieht das ja auch mal mit einem anderen Wert.
Der Kurs von AuRico Gold ist heute ebenfalls leicht gestiegen und liegt heute bei 13,72 US $ . Das Übernahmeangebot bedeutet 1 Northgate Aktie für 0,365 der AuRico-Aktie, bei einem Kursstand von 13,20 ca. 4,80 US$
Noch liegt allerdings der NXG-Kurs heute in der USA nur bei 4,24 US $.
Was bedeutet das ? Normsal wäre es doch wenn der NG-Kurs sofort auf die 5 US$ springt, oder ?
Dieses heutige ANGEBOT von AuRico bedeutet einen Aufschlag auf den Freitag-Kurs von NXG auf ca. 45 %. b]
AuRico Gold to Acquire Northgate Minerals and Create
A Leading Intermediate Gold Company
Superior Production Growth with Fully Un-Hedged Precious Metals Exposure
Toronto: August 29, 2011:
AuRico Gold Inc. (“AuRico”) (TSX:AUQ) (NYSE:AUQ) and Northgate Minerals Corporation (“Northgate”) (TSX:NGX) (NYSE-Amex:NXG) are pleased to announce that they have enterIch glaube Northgate stößt jetzt in eine ganz andere Liga auf.
ed into a definitive acquisition agreement (the “Agreement”) to create a new leading intermediate gold producer. The new company will have 5 operating gold mines, a sixth mine targeting production in 2012 and 3 gold development projects in Mexico, Canada, and Australia, three of the top global mining jurisdictions. The combined company is completely unhedged and offers full exposure to record gold and silver prices and an exceptional growth profile from approximately 475,0001 gold equivalent (“Aue”) ounces2 this year to 730,000+3 Aue ounces in 2013 (growth of approximately 54%). All figures in Canadian dollars, unless otherwise indicated.
Under the terms of the Agreement, AuRico will acquire all of the issued and outstanding common shares of Northgate on the basis of 0.365 AuRico common shares per Northgate common share. Based on both companies’ 20-day volume weighted average prices on the Toronto Stock Exchange (TSX) ending on August 26, 2011, the exchange ratio under the offer represents a 45% premium to Northgate’s shareholders.
“The combination of AuRico and Northgate will immediately position the combined company as a pre-eminent intermediate gold producer with peer leading growth”, said Rene Marion, President and CEO of AuRico. “The assets, projects and people in our two companies are highly complementary and we are excited about the many opportunities ahead for us to continue to deliver value to our shareholders.”
Richard Hall, President and CEO of Northgate, added "This transaction gives Northgate shareholders a significant premium to market and an exciting opportunity to participate in a leading intermediate gold company. The Northgate team has worked hard to develop a highly successful business in Canada and Australia and we look forward to further value creation through our combination with AuRico.”
AuRico Gold Pro Forma Highlights:
Emergence of a new leading intermediate gold company with expected 2011 production of 475,000 Aue ounces1 and peer leading growth of approximately 54% to 730,000+3 Aue ounces by 2013
Large resource base of approximately 19 million Aue ounces (excluding copper)
2 cornerstone assets in Ocampo and Young-Davidson that alone have the potential to produce over 500,000 Aue ounces at lowest quartile cash costs
Fully un-hedged exposure to record gold and silver prices generating significant free cash flows
Strong balance sheet
1 Adding together the midpoints of AuRico’s production guidance (265,000 – 295,000 gold equivalent ounces) and Northgate’s production guidance (190,000 – 200,000 gold ounces)
2 Gold equivalent ounces include silver ounces produced and sold converted to gold equivalent based on AuRico’s long-term gold equivalency ratio of 55:1
3 As per street consensus
Experienced management team with a proven track record of building and operating mines; supported by highly qualified Directors
Excellent platform for further consolidation, with a focus on the Americas
Geopolitically diversified asset portfolio across three of the most attractive mining jurisdictions (Mexico, Canada, and Australia)
Enhanced market presence: AuRico and Northgate are covered by 15 analysts, and will have exceptional trading liquidity with listings on the TSX and NYSE
Compelling revaluation opportunity driven by an attractive valuation, significant synergies, and a
focused growth strategy
Current shareholders of AuRico and Northgate will own approximately 62% and 38% respectively 4 of the pro forma company. The Board of Directors of the combined company will include three nominees from Northgate.
Transaction Summary:
The acquisition of Northgate by AuRico will be completed by way of a court approved plan of arrangement. The Agreement has been unanimously approved by the Boards of Directors of AuRico and Northgate. UBS Securities Canada Inc. provided a fairness opinion to the Board of Directors of AuRico and GMP Securities L.P. and Macquarie Capital Markets Canada Ltd. provided fairness opinions to the Special Committee and Board of Directors of Northgate.
The transaction is subject to approval by 66 and 2/3% of the votes cast by holders of Northgate common shares at a special meeting of Northgate shareholders expected to be held in October. The transaction is also subject to obtaining approval by a majority of votes cast by the shareholders of AuRico at a special meeting of AuRico shareholders expected to take place on the same date as the Northgate meeting, as well as certain other customary conditions. Closing of the transaction is expected in October. The Agreement includes customary deal protection and non-solicitation provisions including reciprocal break fees, right to match and fiduciary-out provisions.
On August 28, 2011, the Board of Directors of Northgate determined that AuRico’s proposal to enter into the Agreement is a “superior proposal” for the purposes of the arrangement agreement between Northgate and Primero Mining Corp (“Primero”) previously announced on July 13, 2011 (the “Primero Agreement”). Northgate’s Board provided notice of that determination to Primero. On receiving this notice, Primero waived its “right to match” the proposal by AuRico. Accordingly, as per the terms of the Primero Agreement, Northgate has paid a termination fee of $25 million to Primero and the Primero Agreement has been terminated. The meeting of Northgate shareholders currently scheduled for September 21, 2011 has been delayed to a later date which is expected to be in October, 2011, at which Northgate shareholders will be asked to approve the transaction with AuRico.
Advisors and Counsel
AuRico has retained UBS Securities Canada Inc. to act as financial advisor and Fasken Martineau to act as legal advisor.
Northgate has retained GMP Securities L.P. to act as financial advisor and Torys LLP to act as legal advisor.
4 Pro forma ownership indicated does not include any equity interest that may arise out of Northgate's outstanding convertible note
Joint Conference Call and Webcast:
AuRico and Northgate will hold a joint conference call and webcast on Monday, August 29, 2011 starting at 8:30 a.m. Eastern Time.
Conference Call Access:
• Canada & US Toll Free: (888) 231-8191
• International & Toronto: (647) 427-7450
Conference Call Webcast:
The conference call event will be broadcast live on the internet via webcast. To access the webcast please follow the link provided below:
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3637…
A live and archived webcast will be available at www.auricogold.com and at www.northgateminerals.com.
About AuRico Gold:
AuRico Gold is a leading intermediate Canadian gold and silver producer with a diversified portfolio of high quality mines and projects in Mexico. The Company’s three wholly-owned operating properties include the Ocampo mine in Chihuahua State, the El Chanate mine in Sonora State and the El Cubo mine in Guanajuato State. A strong pipeline of development and exploration stage projects include the Guadalupe y Calvo advanced development property in Chihuahua State and the Orion advanced development property in Nayarit State, along with six exploration properties throughout Mexico. AuRico’s head office is located in Toronto, Ontario, Canada.
About Northgate Minerals:
Northgate Minerals Corporation is a gold and copper producer with mining operations, development projects and exploration properties in the Americas and Australia. Northgate currently owns and operates the Fosterville and Stawell gold mines in Victoria Australia, and is building the Young-Davidson gold mine in northern Ontario, which is targeting a 15-year mine life with average annual production of 180,000 ounces of gold commencing in 2012.
For further information please visit our websites at http://www.auricogold.com and http://www.northgateminerals.com or contact:
AuRico Gold
Rene Marion
President & CEO
647-260-8880
Anne Day
Director of Investor Relations
647-260-8880
Northgate Minerals
Richard Hall
President & CEO
416-216-2772
Keren R. Yun
Director of Investor Relations
416-216-2781
Cautionary Statement
Cautionary Note to US Investors – The United States Securities and Exchange Commission permits US mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. This press release uses certain terms, such as “measured”, “indicated” and “inferred” “resources,‛ that the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC. US Investors are urged to consider closely the disclosure in AuRico Gold‟s Annual Report on Form 40-F, which may be secured from AuRico Gold, or from the SEC‟s website at http://www.sec.gov/edgar.shtml.
http://www.auricogold.com/
Wie oben schon geschrieben wird NXG jetzt in eine ganz andere Liga aufsteigen.
AuRico Gold Inc. plant Fusion mit Northgate Minerals Corp.
AuRico Gold Inc. (ehemals Gammon Gold) und Northgate Minerals Corporation gaben heute bekannt, dass sie eine Übernahmevereinbarung getroffen haben, wodurch ein neuer, führender Goldproduzent entstehen soll. Das neue Unternehmen werde zunächst 5 Goldminen betreiben und 2012 noch eine weitere. Hinzu kommen 3 Gold-Entwicklungsprojekte in Mexiko, Kanada und Australien.
Im Rahmen der Transaktion wird AuRico alle ausgegebenen und ausstehenden Northgate-Stammaktien erwerben und je 0,365 AuRico-Stammaktien pro Northgate-Stammaktie eintauschen.
Rene Marion, Präsident und CEO von AuRico, und Richard Hall, Präsident und CEO von Northgate, zeigten sich sehr erfreut über den erfolgreichen Zusammenschluss. Das neue Unternehmen erwartet für 2011 eine Produktion von 475.000 oz Gold.
© Redaktion GoldSeiten.de / Rohstoff-Welt.de / MinenPortal.de
© 2011 Rohstoff-Welt.de
http://www.finanznachrichten.de/nachrichten-2011-08/21199201…
Antwort auf Beitrag Nr.: 42.009.203 von boersentrader02 am 26.08.11 20:23:49Am 26.8. habe ich es euch noch geschrieben in Goldminen einzusteigen und was passiert heute.
AuRico übernimmt unsere Northgate Minerals zu einem Kursaufschlag von ca. 45 % auf den Kurs der letzten 20 Tage.
Und dies ist sind die Goldminenfelder der neuen AuRico in sicheren Ländern der Welt:
Das bedeutet, das auch von AuRico bereits 3 Goldminen in Betrieb sind und in diesem Jahr bis zu 280.000 Gold-Unzen fördern werden.
Viele Gebiete müssen noch exploriert werden.
Und explorieren kann Northgate sehr gut, das haben sie in den letzten Jahren bewiesen.
Wir werden noch viele Freude mit diesen Wert erfahren.
Was passiert aber mit der Steuerbefreiung ? Alle Aktien die vor 2009 gekauft worden sind, sind bis Ende Oktober 2011 noch steuerfrei, da es sich um die gleiche Aktie ja handelt.
Aber was passiert mit dem Datum 1. Nov. 2011 ? Müssen dann alle Aktien, falls sie mit Gewinn verkauft werden, wieder voll versteuert werden ?
Wer kann helfen ?
AuRico übernimmt unsere Northgate Minerals zu einem Kursaufschlag von ca. 45 % auf den Kurs der letzten 20 Tage.
Und dies ist sind die Goldminenfelder der neuen AuRico in sicheren Ländern der Welt:
Das bedeutet, das auch von AuRico bereits 3 Goldminen in Betrieb sind und in diesem Jahr bis zu 280.000 Gold-Unzen fördern werden.
Viele Gebiete müssen noch exploriert werden.
Und explorieren kann Northgate sehr gut, das haben sie in den letzten Jahren bewiesen.
Wir werden noch viele Freude mit diesen Wert erfahren.
Was passiert aber mit der Steuerbefreiung ? Alle Aktien die vor 2009 gekauft worden sind, sind bis Ende Oktober 2011 noch steuerfrei, da es sich um die gleiche Aktie ja handelt.
Aber was passiert mit dem Datum 1. Nov. 2011 ? Müssen dann alle Aktien, falls sie mit Gewinn verkauft werden, wieder voll versteuert werden ?
Wer kann helfen ?
Durch den heutigen Deal mit AuRico ist das Techtelmechtel mit Primero beendet. Zu meinem Bedauern muß NXG dafür 25 Mill $ an Primero zahlen.
Ob der heutige Deal dies wieder hereinbringt ?
Wer weiß das schon heute zu sagen.
Dear Northgate Minerals Corporation E-mail Alert Subscribers,
Northgate Minerals Corporation has added a new press release to its web site. For full details please visit the Northgate web site at:
http://www.northgateminerals.com/news-and-media/press-releas…
TORONTO, ONTARIO--(Marketwire - Aug. 29, 2011) - Primero Mining Corp. ("Primero" or the "Company") (TSX:P)(NYSE:PPP) announced today that the arrangement agreement with Northgate Minerals Corporation ("Northgate"), dated July 12, 2011, has been terminated.
Northgate has advised Primero that its Board of Directors received an acquisition proposal (the "AuRico Proposal") from AuRico Gold Inc. ("AuRico") pursuant to which AuRico would acquire all of the issued and outstanding shares of Northgate. Northgate also advised Primero that its Board of Directors determined that the AuRico Proposal is a "Superior Proposal" within the meaning of the Arrangement Agreement dated July 12, 2011, made between Primero and Northgate.
Primero advises that it has waived its right to match the AuRico Proposal. As provided for in the Arrangement Agreement, a termination fee of C$25,000,000 before transaction costs, was paid by Northgate and received by Primero.
As a result, the formerly scheduled Special Meeting of Shareholders of Primero, scheduled for September 21, 2011, is cancelled.
About Primero
Primero Mining Corp. is a Canadian-based precious metals producer and owns 100% of the San Dimas gold-silver mine in Mexico. Primero offers immediate exposure to un-hedged, low cash cost gold production with a substantial resource base in a politically stable jurisdiction. The Company intends to become an intermediate gold producer by building a portfolio of high quality, low cost precious metals assets in the Americas.
Primero's website is www.primeromining.com.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Ob der heutige Deal dies wieder hereinbringt ?
Wer weiß das schon heute zu sagen.
Dear Northgate Minerals Corporation E-mail Alert Subscribers,
Northgate Minerals Corporation has added a new press release to its web site. For full details please visit the Northgate web site at:
http://www.northgateminerals.com/news-and-media/press-releas…
TORONTO, ONTARIO--(Marketwire - Aug. 29, 2011) - Primero Mining Corp. ("Primero" or the "Company") (TSX:P)(NYSE:PPP) announced today that the arrangement agreement with Northgate Minerals Corporation ("Northgate"), dated July 12, 2011, has been terminated.
Northgate has advised Primero that its Board of Directors received an acquisition proposal (the "AuRico Proposal") from AuRico Gold Inc. ("AuRico") pursuant to which AuRico would acquire all of the issued and outstanding shares of Northgate. Northgate also advised Primero that its Board of Directors determined that the AuRico Proposal is a "Superior Proposal" within the meaning of the Arrangement Agreement dated July 12, 2011, made between Primero and Northgate.
Primero advises that it has waived its right to match the AuRico Proposal. As provided for in the Arrangement Agreement, a termination fee of C$25,000,000 before transaction costs, was paid by Northgate and received by Primero.
As a result, the formerly scheduled Special Meeting of Shareholders of Primero, scheduled for September 21, 2011, is cancelled.
About Primero
Primero Mining Corp. is a Canadian-based precious metals producer and owns 100% of the San Dimas gold-silver mine in Mexico. Primero offers immediate exposure to un-hedged, low cash cost gold production with a substantial resource base in a politically stable jurisdiction. The Company intends to become an intermediate gold producer by building a portfolio of high quality, low cost precious metals assets in the Americas.
Primero's website is www.primeromining.com.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Dear Northgate Minerals Corporation E-mail Alert Subscribers,
Northgate Minerals Corporation has added a new press release to its web site. For full details please visit the Northgate web site at:
http://www.northgateminerals.com/news-and-media/press-releas…
TORONTO, ONTARIO--(Marketwire - Aug. 29, 2011) - Primero Mining Corp. ("Primero" or the "Company") (TSX:P)(NYSE:PPP) announced today that the arrangement agreement with Northgate Minerals Corporation ("Northgate"), dated July 12, 2011, has been terminated.
Northgate has advised Primero that its Board of Directors received an acquisition proposal (the "AuRico Proposal") from AuRico Gold Inc. ("AuRico") pursuant to which AuRico would acquire all of the issued and outstanding shares of Northgate. Northgate also advised Primero that its Board of Directors determined that the AuRico Proposal is a "Superior Proposal" within the meaning of the Arrangement Agreement dated July 12, 2011, made between Primero and Northgate.
Primero advises that it has waived its right to match the AuRico Proposal. As provided for in the Arrangement Agreement, a termination fee of C$25,000,000 before transaction costs, was paid by Northgate and received by Primero.
As a result, the formerly scheduled Special Meeting of Shareholders of Primero, scheduled for September 21, 2011, is cancelled.
About Primero
Primero Mining Corp. is a Canadian-based precious metals producer and owns 100% of the San Dimas gold-silver mine in Mexico. Primero offers immediate exposure to un-hedged, low cash cost gold production with a substantial resource base in a politically stable jurisdiction. The Company intends to become an intermediate gold producer by building a portfolio of high quality, low cost precious metals assets in the Americas.
Primero's website is www.primeromining.com.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Northgate Minerals Corporation has added a new press release to its web site. For full details please visit the Northgate web site at:
http://www.northgateminerals.com/news-and-media/press-releas…
TORONTO, ONTARIO--(Marketwire - Aug. 29, 2011) - Primero Mining Corp. ("Primero" or the "Company") (TSX:P)(NYSE:PPP) announced today that the arrangement agreement with Northgate Minerals Corporation ("Northgate"), dated July 12, 2011, has been terminated.
Northgate has advised Primero that its Board of Directors received an acquisition proposal (the "AuRico Proposal") from AuRico Gold Inc. ("AuRico") pursuant to which AuRico would acquire all of the issued and outstanding shares of Northgate. Northgate also advised Primero that its Board of Directors determined that the AuRico Proposal is a "Superior Proposal" within the meaning of the Arrangement Agreement dated July 12, 2011, made between Primero and Northgate.
Primero advises that it has waived its right to match the AuRico Proposal. As provided for in the Arrangement Agreement, a termination fee of C$25,000,000 before transaction costs, was paid by Northgate and received by Primero.
As a result, the formerly scheduled Special Meeting of Shareholders of Primero, scheduled for September 21, 2011, is cancelled.
About Primero
Primero Mining Corp. is a Canadian-based precious metals producer and owns 100% of the San Dimas gold-silver mine in Mexico. Primero offers immediate exposure to un-hedged, low cash cost gold production with a substantial resource base in a politically stable jurisdiction. The Company intends to become an intermediate gold producer by building a portfolio of high quality, low cost precious metals assets in the Americas.
Primero's website is www.primeromining.com.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Antwort auf Beitrag Nr.: 42.018.469 von boersentrader02 am 29.08.11 23:42:16Tut mir leid, konnte aber das doppelte Einbringen der News nicht verhindern.
Schade, aber da werden wohl alle drüber weg blicken, oder ?
Schade, aber da werden wohl alle drüber weg blicken, oder ?
30.08.2011 - 18:08 Uhr von Jens Gravenkötter
Goldminen-Übernahme: 61% Prämie für Northgate-Aktionäre
AuRico Gold übernimmt Northgate Minerals
Übernahme in der Rohstoffbranche und hohe Prämie für die Aktionäre. Diese Kombination hat es in den vergangenen Monaten häufiger gegeben.
Doch 61% Prämie war bisher nicht dabei.
AuRico Gold übernimmt Northgate Minerals
Der Deal zwischen Aurico Gold und Northgate Minerals bietet beides. Für insgesamt 1,3 Mrd. Dollar übernimmt Aurico den kanadischen Minenbetreiber. Das Northgate Management hat dem Übernahme-Preis schon zugestimmt und empfiehlt den Aktionären die Angebotsannahme.
Wie so oft, sind die Aktionäre des Übernahme-Kandidaten die großen Gewinner. Bezogen auf den Freitagsschlusskurs beträgt die Übernahmeprämie 61%. Die Prämie ist damit noch höher, als die 56% von Goldcorp an die Andean-Aktionäre. Es ist mit einer hohen Annahmequote zu rechnen.
Niedrigster Übernahme-Multiplikator seit 2004
Aurico Gold empfindet die Übernahme als Schnäppchen. Trotz der üppigen Prämie scheint die Übernahme gemessen am Ergebnis billig. Laut Bloomberg ist die Milliarden-Übernahme anhand dieser Kennziffer in Nordamerika sogar der günstigste Deal seit 7 Jahren.
Zur Einordnung: Für den kanadischen Konkurrenten Red Back Mining wurde im vergangenen Jahr ein Ergebnis(EBITDA)-Multiplikator von 40 bezahlt. Der Northgate-Multiplikator beträgt 14 und in der gleichen Zeit ist der Goldpreis kräftig gestiegen.
Übernahme-Preis insgesamt fair
Aurico-Aktionäre sehen das anders. Die Aktie verlor gestern rund 20% und kann sich erst heute wieder fangen. Mangelnde Synergien und fehlender Übernahme-Zwang wurden von den Marktteilnehmern als Grund für den Preisverfall angegeben. Dass der Preis gemessen am EBITDA sehr günstig ist, spiele bei Übernahmen von Gold-Unternehmen nur eine untergeordnete Rolle.
Die Einschätzung des Übernahme-Sensors: Die Einwände sind teilweise berechtigt, der Kurssturz jedoch übertrieben. Natürlich spielt eine EBITDA-Betrachtung nur eine untergeordnete Rolle. Der Preis bei dieser Art von Übernahmen muss auch berücksichtigen, wie weit Minenprojekte fortgeschritten sind und wie groß die Goldreserven zu bewerten sind.
Dies berücksichtigt, ist der Übernahme-Preis kein Schnäppchen, aber immer noch fair. Die Northgate-Goldreserven werden mit 410 Dollar je Unze veranschlagt. Ein Preis der im Bereich vergleichbarer Deals liegt.
Gut für Übernahmen: Goldminen-Aktien profitieren nicht von der Preisrally
Mittelfristig bietet die Übernahme großes Wachstumspotenzial für Aurico. Die Produktion steigt von 280.000 auf 470.000 Unzen und nach der Inbetriebnahme einer Mine im kanadischen Ontario auf etwa 650.000 Unzen. Bleibt der Goldpreis auf dem aktuellen Niveau ist die Übernahme daher sicherlich ein Gewinn für Aurico.
Inwiefern sich das auf den Aktienkurs auswirkt bleibt abzuwarten. Sehr viele Goldminen-Aktien konnten von der jüngsten Goldpreis-Rally nicht profitieren. Sogar große Goldminen-Betreiber wie etwa Barrick Gold sind historisch betrachtet günstig.
Es ist daher im Jahresverlauf mit weiteren Übernahmen und hohen Prämien im Goldsektor zu rechnen. Besonders die großen Konzerne werden nochmal zuschlagen und die günstigen Bewertungen ausnutzen. Auch der jetzige Käufer Aurico könnte schnell zum Übernahme-Ziel werden, wenn sich der Aktienkurs nicht schnell erholt.
http://www.gevestor.de/details/goldminen-uebernahme-61-praem…
Tags: Gold, Übernahmen, Goldpreis
Goldminen-Übernahme: 61% Prämie für Northgate-Aktionäre
AuRico Gold übernimmt Northgate Minerals
Übernahme in der Rohstoffbranche und hohe Prämie für die Aktionäre. Diese Kombination hat es in den vergangenen Monaten häufiger gegeben.
Doch 61% Prämie war bisher nicht dabei.
AuRico Gold übernimmt Northgate Minerals
Der Deal zwischen Aurico Gold und Northgate Minerals bietet beides. Für insgesamt 1,3 Mrd. Dollar übernimmt Aurico den kanadischen Minenbetreiber. Das Northgate Management hat dem Übernahme-Preis schon zugestimmt und empfiehlt den Aktionären die Angebotsannahme.
Wie so oft, sind die Aktionäre des Übernahme-Kandidaten die großen Gewinner. Bezogen auf den Freitagsschlusskurs beträgt die Übernahmeprämie 61%. Die Prämie ist damit noch höher, als die 56% von Goldcorp an die Andean-Aktionäre. Es ist mit einer hohen Annahmequote zu rechnen.
Niedrigster Übernahme-Multiplikator seit 2004
Aurico Gold empfindet die Übernahme als Schnäppchen. Trotz der üppigen Prämie scheint die Übernahme gemessen am Ergebnis billig. Laut Bloomberg ist die Milliarden-Übernahme anhand dieser Kennziffer in Nordamerika sogar der günstigste Deal seit 7 Jahren.
Zur Einordnung: Für den kanadischen Konkurrenten Red Back Mining wurde im vergangenen Jahr ein Ergebnis(EBITDA)-Multiplikator von 40 bezahlt. Der Northgate-Multiplikator beträgt 14 und in der gleichen Zeit ist der Goldpreis kräftig gestiegen.
Übernahme-Preis insgesamt fair
Aurico-Aktionäre sehen das anders. Die Aktie verlor gestern rund 20% und kann sich erst heute wieder fangen. Mangelnde Synergien und fehlender Übernahme-Zwang wurden von den Marktteilnehmern als Grund für den Preisverfall angegeben. Dass der Preis gemessen am EBITDA sehr günstig ist, spiele bei Übernahmen von Gold-Unternehmen nur eine untergeordnete Rolle.
Die Einschätzung des Übernahme-Sensors: Die Einwände sind teilweise berechtigt, der Kurssturz jedoch übertrieben. Natürlich spielt eine EBITDA-Betrachtung nur eine untergeordnete Rolle. Der Preis bei dieser Art von Übernahmen muss auch berücksichtigen, wie weit Minenprojekte fortgeschritten sind und wie groß die Goldreserven zu bewerten sind.
Dies berücksichtigt, ist der Übernahme-Preis kein Schnäppchen, aber immer noch fair. Die Northgate-Goldreserven werden mit 410 Dollar je Unze veranschlagt. Ein Preis der im Bereich vergleichbarer Deals liegt.
Gut für Übernahmen: Goldminen-Aktien profitieren nicht von der Preisrally
Mittelfristig bietet die Übernahme großes Wachstumspotenzial für Aurico. Die Produktion steigt von 280.000 auf 470.000 Unzen und nach der Inbetriebnahme einer Mine im kanadischen Ontario auf etwa 650.000 Unzen. Bleibt der Goldpreis auf dem aktuellen Niveau ist die Übernahme daher sicherlich ein Gewinn für Aurico.
Inwiefern sich das auf den Aktienkurs auswirkt bleibt abzuwarten. Sehr viele Goldminen-Aktien konnten von der jüngsten Goldpreis-Rally nicht profitieren. Sogar große Goldminen-Betreiber wie etwa Barrick Gold sind historisch betrachtet günstig.
Es ist daher im Jahresverlauf mit weiteren Übernahmen und hohen Prämien im Goldsektor zu rechnen. Besonders die großen Konzerne werden nochmal zuschlagen und die günstigen Bewertungen ausnutzen. Auch der jetzige Käufer Aurico könnte schnell zum Übernahme-Ziel werden, wenn sich der Aktienkurs nicht schnell erholt.
http://www.gevestor.de/details/goldminen-uebernahme-61-praem…
Tags: Gold, Übernahmen, Goldpreis
Anleger halten den Deal für zu teuer AuRico Gold will 1,46 Mrd. Dollar für Northgate Minerals zahlen
Autor: Björn Junker | 30.08.2011, 11:40 | 440 Aufrufe | 0 |
Der kanadische Goldproduzent AuRico Gold (WKN A1JBWL) hat einen Deal zur Übernahme von Northgate Minerals (WKN 856029) abgeschlossen, die man sich 1,46 Mrd. Dollar kosten lassen will. Damit ist eine frühere Fusionsvereinbarung zwischen Northgate und Primero Mining vom Tisch.
AuRico, früher Gammon Gold, bietet 0,365 AuRico-Aktien pro Northgate-Anteil, was für Northgates Aktionäre einen Aufschlag von 45% bedeutet. Mit der Übernahme will sich AuRico vor allem Northgates Young-Davidson-Projekt in Ontario sichern, das schon im kommenden Jahr in Produktion gehen soll. Sobald das geschieht, verfügt das neue Unternehmen über insgesamt sechs Goldminen in Kanada, Mexiko und Australien. Die Produktion soll von 475.000 Unzen Gold in diesem Jahr auf 730.000 Unuzen 2013 steigen.
In einer Telefonkonferenz am Montag erklärte AuRicos CEO Rene Marion, dass das fusionierte Unternehmen über eine solide Cashposition von 346 Mio. USD verfügen werde, sodass die Finanzierung für die Fertigstellung der Young-Davidson-Mine – für die noch rund 200 Mio. Dollar benötigt werden – leicht zu stemmen wäre. Marion führte weiter aus, dass das fusionierte Unternehmen über Reserven von fast 8 Mio. Unzen Gold verfügen würde.
Wie es aussieht hat der Zusammenschluss also Vorteile für beide Unternehmen: AuRico würde mit Young-Davidson ein viel versprechendes Wachstumsprojekt erhalten und Northgate einen deutlichen Anstieg des Cashflows von AuRicos Flaggschiffmine Ocampo, die bei einem Goldpreis von um die 1.800 USD pro Unze jede Menge Geld generiert.
Als das Unternehmen noch „Gammon Gold“ hieß, war die AuRico-Aktie sehr schlecht gelaufen. In den letzten Wochen jedoch hatte sich die Aktie mit dem steigenden Goldpreis deutlich verbessert. Innerhalb der letzten drei Monate war die Aktie von rund 9 auf zuletzt fast 14 CAD gestiegen. Das Übernahmeangebot bzw. dessen Höhe gefällt aber vielen Anlegern offenbar nicht. Gestern verlor die Aktie an der Heimatbörse Toronto fast 20% an Wert.
Die hier angebotenen Artikel stellen keine Kauf- bzw. Verkaufsempfehlungen dar, weder explizit noch implizit sind sie als Zusicherung etwaiger Kursentwicklungen zu verstehen. Die GOLDINVEST Media GmbH und ihre Autoren schließen jede Haftung diesbezüglich aus. Die Artikel und Berichte dienen ausschließlich der Information der Leser und stellen keine wie immer geartete Handlungsaufforderung dar. Zwischen der GOLDINVEST Media GmbH und den Lesern dieser Artikel entsteht keinerlei Vertrags- und/oder Beratungsverhältnis, da sich unsere Artikel lediglich auf das jeweilige Unternehmen, nicht aber auf die Anlageentscheidung, beziehen. Wir weisen darauf hin, dass . . . .
Autor: Björn Junker | 30.08.2011, 11:40 | 440 Aufrufe | 0 |
Der kanadische Goldproduzent AuRico Gold (WKN A1JBWL) hat einen Deal zur Übernahme von Northgate Minerals (WKN 856029) abgeschlossen, die man sich 1,46 Mrd. Dollar kosten lassen will. Damit ist eine frühere Fusionsvereinbarung zwischen Northgate und Primero Mining vom Tisch.
AuRico, früher Gammon Gold, bietet 0,365 AuRico-Aktien pro Northgate-Anteil, was für Northgates Aktionäre einen Aufschlag von 45% bedeutet. Mit der Übernahme will sich AuRico vor allem Northgates Young-Davidson-Projekt in Ontario sichern, das schon im kommenden Jahr in Produktion gehen soll. Sobald das geschieht, verfügt das neue Unternehmen über insgesamt sechs Goldminen in Kanada, Mexiko und Australien. Die Produktion soll von 475.000 Unzen Gold in diesem Jahr auf 730.000 Unuzen 2013 steigen.
In einer Telefonkonferenz am Montag erklärte AuRicos CEO Rene Marion, dass das fusionierte Unternehmen über eine solide Cashposition von 346 Mio. USD verfügen werde, sodass die Finanzierung für die Fertigstellung der Young-Davidson-Mine – für die noch rund 200 Mio. Dollar benötigt werden – leicht zu stemmen wäre. Marion führte weiter aus, dass das fusionierte Unternehmen über Reserven von fast 8 Mio. Unzen Gold verfügen würde.
Wie es aussieht hat der Zusammenschluss also Vorteile für beide Unternehmen: AuRico würde mit Young-Davidson ein viel versprechendes Wachstumsprojekt erhalten und Northgate einen deutlichen Anstieg des Cashflows von AuRicos Flaggschiffmine Ocampo, die bei einem Goldpreis von um die 1.800 USD pro Unze jede Menge Geld generiert.
Als das Unternehmen noch „Gammon Gold“ hieß, war die AuRico-Aktie sehr schlecht gelaufen. In den letzten Wochen jedoch hatte sich die Aktie mit dem steigenden Goldpreis deutlich verbessert. Innerhalb der letzten drei Monate war die Aktie von rund 9 auf zuletzt fast 14 CAD gestiegen. Das Übernahmeangebot bzw. dessen Höhe gefällt aber vielen Anlegern offenbar nicht. Gestern verlor die Aktie an der Heimatbörse Toronto fast 20% an Wert.
Die hier angebotenen Artikel stellen keine Kauf- bzw. Verkaufsempfehlungen dar, weder explizit noch implizit sind sie als Zusicherung etwaiger Kursentwicklungen zu verstehen. Die GOLDINVEST Media GmbH und ihre Autoren schließen jede Haftung diesbezüglich aus. Die Artikel und Berichte dienen ausschließlich der Information der Leser und stellen keine wie immer geartete Handlungsaufforderung dar. Zwischen der GOLDINVEST Media GmbH und den Lesern dieser Artikel entsteht keinerlei Vertrags- und/oder Beratungsverhältnis, da sich unsere Artikel lediglich auf das jeweilige Unternehmen, nicht aber auf die Anlageentscheidung, beziehen. Wir weisen darauf hin, dass . . . .
Rohstoff-Welt.de · Mehr Nachrichten von Rohstoff-Welt.de · Archiv
AuRico Gold Inc.: Kaufen mit Kursziel 15,25 CAD
AuRico Gold Inc. gab gestern bekannt, dass eine Übernahmevereinbarung mit Northgate Minerals Corporation getroffen wurde, wodurch ein Goldproduzent entstehen soll, der 5 Minen betreibt. Gemäß der Vereinbarung wird AuRico alle ausgegebenen und ausstehenden Northgate-Stammaktien erwerben und in je 0,365 AuRico-Stammaktien pro Northgate-Stammaktie eintauschen. Mit der Hauptversammlung im Oktober soll die Transaktion abgeschlossen werden.
Die Analysten von Mackie Research schätzen den Zusammenschluss positiv ein. Sie rechnen in dem nächsten Jahren mit einem sehr starken Wachstum. Für das zweite Quartal 2011 meldete AuRico gute Produktionsergebnisse und rechnete für das Gesamtjahr mit ca. 325.000 oz Goldäquivalent zu Cashkosten von ca. 400 USD/oz Goldäquivalent.
Angesichts des erfolgreichen Zusammenschlusses rechnet AuRico für das Jahr 2013 mit einer Planung von 730.000 oz Goldäquivalent. Verglichen mit den aktuellen Ergebnissen wäre dies eine Steigerung von 125%.
Die Analysten von Mackie Research wiederholen ihre Kaufempfehlung, verringern jedoch das Kursziel von 15,75 CAD auf 15,25 CAD.
© Redaktion GoldSeiten.de / Rohstoff-Welt.de / MinenPortal.de
http://www.finanznachrichten.de/nachrichten-2011-08/21208689…
AuRico Gold Inc.: Kaufen mit Kursziel 15,25 CAD
AuRico Gold Inc. gab gestern bekannt, dass eine Übernahmevereinbarung mit Northgate Minerals Corporation getroffen wurde, wodurch ein Goldproduzent entstehen soll, der 5 Minen betreibt. Gemäß der Vereinbarung wird AuRico alle ausgegebenen und ausstehenden Northgate-Stammaktien erwerben und in je 0,365 AuRico-Stammaktien pro Northgate-Stammaktie eintauschen. Mit der Hauptversammlung im Oktober soll die Transaktion abgeschlossen werden.
Die Analysten von Mackie Research schätzen den Zusammenschluss positiv ein. Sie rechnen in dem nächsten Jahren mit einem sehr starken Wachstum. Für das zweite Quartal 2011 meldete AuRico gute Produktionsergebnisse und rechnete für das Gesamtjahr mit ca. 325.000 oz Goldäquivalent zu Cashkosten von ca. 400 USD/oz Goldäquivalent.
Angesichts des erfolgreichen Zusammenschlusses rechnet AuRico für das Jahr 2013 mit einer Planung von 730.000 oz Goldäquivalent. Verglichen mit den aktuellen Ergebnissen wäre dies eine Steigerung von 125%.
Die Analysten von Mackie Research wiederholen ihre Kaufempfehlung, verringern jedoch das Kursziel von 15,75 CAD auf 15,25 CAD.
© Redaktion GoldSeiten.de / Rohstoff-Welt.de / MinenPortal.de
http://www.finanznachrichten.de/nachrichten-2011-08/21208689…
Was passiert aber mit der Steuerbefreiung ? Alle Aktien die vor 2009 gekauft worden sind, sind bis Ende Oktober 2011 noch steuerfrei, da es sich um die gleiche Aktie ja handelt.
Aber was passiert mit dem Datum 1. Nov. 2011 ? Müssen dann alle Aktien, falls sie mit Gewinn verkauft werden, wieder voll versteuert werden ?
Wer kann helfen ?
[b]Habe hier etwas gefunden und hoffe das es so ablaufen wird, sonst freut sich der Schäuble so und das will ich einfach nicht. [/b]
http://www.finanzen.net/pda/news_detail.asp?pkNachrichtNr=12…
Die wichtigsten Details der Börsenfusion
von Wolfgang Ehrensberger, Euro am Sonntag
Am morgigen Mittwoch (13. Juli) um 24 Uhr endet die Frist für das Umtauschangbot zur Fusion Deutsche Börse – Nyse Euronext. Deutsche-Börse-Aktionäre, die es annehmen wollen, müssen spätestens dann ihre Aktien in Anteilssscheine der neuen Börsenholdung Alpha Beta Netherlands getauscht haben. Nehmen mindestens 75 Prozent der Aktionäre das Angebot an, kommt der Zusammenschluss zustande. Wird die Quote nicht erreicht, ist das Projekt gescheitert. Zum Wochenbeginn lag die Quote bei knapp 23 Prozent. Erfahrungsgemäß tauschen viele Anleger aber erst gegen Ende der Frist. Euro am Sonntag beantwortet die wichtigsten Fragen zur Börsenfusion.
Soll ich .. . . . . .
Aber was passiert mit dem Datum 1. Nov. 2011 ? Müssen dann alle Aktien, falls sie mit Gewinn verkauft werden, wieder voll versteuert werden ?
Wer kann helfen ?
[b]Habe hier etwas gefunden und hoffe das es so ablaufen wird, sonst freut sich der Schäuble so und das will ich einfach nicht. [/b]
http://www.finanzen.net/pda/news_detail.asp?pkNachrichtNr=12…
Die wichtigsten Details der Börsenfusion
von Wolfgang Ehrensberger, Euro am Sonntag
Am morgigen Mittwoch (13. Juli) um 24 Uhr endet die Frist für das Umtauschangbot zur Fusion Deutsche Börse – Nyse Euronext. Deutsche-Börse-Aktionäre, die es annehmen wollen, müssen spätestens dann ihre Aktien in Anteilssscheine der neuen Börsenholdung Alpha Beta Netherlands getauscht haben. Nehmen mindestens 75 Prozent der Aktionäre das Angebot an, kommt der Zusammenschluss zustande. Wird die Quote nicht erreicht, ist das Projekt gescheitert. Zum Wochenbeginn lag die Quote bei knapp 23 Prozent. Erfahrungsgemäß tauschen viele Anleger aber erst gegen Ende der Frist. Euro am Sonntag beantwortet die wichtigsten Fragen zur Börsenfusion.
Soll ich .. . . . . .
29. August 2011, 18:24, NZZ Online
Gold-Hochzeit in Kanada
AuRico übernimmt den Konkurrenten Northgate Minerals
Die Bergbaubranche ist weiter in Bewegung. In Kanada soll der Minenbetreiber Northgate Minerals durch den heimischen Konkurrenten AuRico Gold übernommen werden. Die Transaktion hat einen Wert von 1,5 Milliarden Dollar.
(sda/Reuters)
In der kanadischen Goldbranche kommt es zu einer milliardenschweren Fusion. Der Minenbetreiber Northgate Minerals stimmte am Montag der Übernahme durch den heimischen Rivalen AuRico Gold für rund 1,5 Milliarden US-Dollar zu.
Markanter Aufschlag
Der Kaufpreis entspricht einem Aufschlag von etwa 62 Prozent auf den Northgate-Schlusskurs von Freitag an der Toronter Börse. AuRico hat sich bis jetzt vor allem auf die Förderung in Mexiko konzentriert und will mit Hilfe des Zukaufs Fuss in Australien fassen, wo Northgate die Goldminen Fosterville und Stawell betreibt.
Sollten die Wettbewerbsbehörden der Transaktion zustimmen, verfügt das AuRico dann über Ressourcen von fast 19 Millionen Feinunzen. Die Gold-Produktion würde auf 470'000 Unzen im laufenden Jahr steigen.
Begehrtes Gold
Die Übernahme ist die jüngste in einer Reihe von Geschäften mit Minenbetreibern. Angesichts der Unsicherheiten an den Finanzmärkten suchten viele Anleger zuletzt ihr Heil im sicheren Hafen Gold. Der Feinunze knackte zeitweise sogar die Marke von 1900 Dollar.
http://www.nzz.ch/nachrichten/wirtschaft/aktuell/kanada_gold…
Gold-Hochzeit in Kanada
AuRico übernimmt den Konkurrenten Northgate Minerals
Die Bergbaubranche ist weiter in Bewegung. In Kanada soll der Minenbetreiber Northgate Minerals durch den heimischen Konkurrenten AuRico Gold übernommen werden. Die Transaktion hat einen Wert von 1,5 Milliarden Dollar.
(sda/Reuters)
In der kanadischen Goldbranche kommt es zu einer milliardenschweren Fusion. Der Minenbetreiber Northgate Minerals stimmte am Montag der Übernahme durch den heimischen Rivalen AuRico Gold für rund 1,5 Milliarden US-Dollar zu.
Markanter Aufschlag
Der Kaufpreis entspricht einem Aufschlag von etwa 62 Prozent auf den Northgate-Schlusskurs von Freitag an der Toronter Börse. AuRico hat sich bis jetzt vor allem auf die Förderung in Mexiko konzentriert und will mit Hilfe des Zukaufs Fuss in Australien fassen, wo Northgate die Goldminen Fosterville und Stawell betreibt.
Sollten die Wettbewerbsbehörden der Transaktion zustimmen, verfügt das AuRico dann über Ressourcen von fast 19 Millionen Feinunzen. Die Gold-Produktion würde auf 470'000 Unzen im laufenden Jahr steigen.
Begehrtes Gold
Die Übernahme ist die jüngste in einer Reihe von Geschäften mit Minenbetreibern. Angesichts der Unsicherheiten an den Finanzmärkten suchten viele Anleger zuletzt ihr Heil im sicheren Hafen Gold. Der Feinunze knackte zeitweise sogar die Marke von 1900 Dollar.
http://www.nzz.ch/nachrichten/wirtschaft/aktuell/kanada_gold…
Auch wenn es heute nicht danach aussieht, das bittere Ende für Deutschland kommt immer näher.
Diese Poltiks. . von Merkel hat bereits alles gekauft, sogar das BVG in Karlsruhe. Es gibt kein zurück mehr.
Der Untergang Deutschlands ist nicht mehr aufzuhalten.
Das Urteil des Verfassungsgericht ist gesprochen. Die Frage ist doch die, was kommt jetzt, nachdem dieses korrupte Pack von Richtern der Politik einen Freibrif verpasst haben ?
Alle Aktionäre von NXG sind hier richtig positioniert, wir werden noch unsere Freude sowohl an NXG als auch an AuRico haben, zumindest ist das neine Meinung.
Nicht im Namen des Volkes (II)
von Peter Boehringer 07.09.11 11:22:36
Ein live-Blog: Das BVerfG und sein Vorsitzender Voßkuhle haben eben wieder einmal Recht gebeugt. Und fast noch schlimmer: in extrem wichtigen und expliziten Teilen geltendes Verfassungsrecht gar nicht erst angewandt! Das Urteil (der Terminus "Rechtssprechung" würde es nicht treffen) ist wie von mir seit Mai 2010 vorhergesagt ein „Ja“ zu den Rettungsschirmen mit einem extrem kleinen „Aber“. Und wie von mir im Gegensatz zu anderen Kommentatoren ebenfalls prognostiziert wurde, konnte Voßkuhle sogar vermeiden, den Notstand auszurufen. Das wäre zwar möglich und angebracht gewesen – aber zu auffällig und störend für die EU-Junta und die sozialistischen Berliner Planwirtschaftler aller Parteien. Die Parallelen zu 1930ff wären zu auffällig gewesen. Obwohl bzw. gerade weil sie rechtlich und ökonomisch geradezu frappierend sind…
http://www.goldseitenblog.com/peter_boehringer/index.php/201…
Diese Poltiks. . von Merkel hat bereits alles gekauft, sogar das BVG in Karlsruhe. Es gibt kein zurück mehr.
Der Untergang Deutschlands ist nicht mehr aufzuhalten.
Das Urteil des Verfassungsgericht ist gesprochen. Die Frage ist doch die, was kommt jetzt, nachdem dieses korrupte Pack von Richtern der Politik einen Freibrif verpasst haben ?
Alle Aktionäre von NXG sind hier richtig positioniert, wir werden noch unsere Freude sowohl an NXG als auch an AuRico haben, zumindest ist das neine Meinung.
Nicht im Namen des Volkes (II)
von Peter Boehringer 07.09.11 11:22:36
Ein live-Blog: Das BVerfG und sein Vorsitzender Voßkuhle haben eben wieder einmal Recht gebeugt. Und fast noch schlimmer: in extrem wichtigen und expliziten Teilen geltendes Verfassungsrecht gar nicht erst angewandt! Das Urteil (der Terminus "Rechtssprechung" würde es nicht treffen) ist wie von mir seit Mai 2010 vorhergesagt ein „Ja“ zu den Rettungsschirmen mit einem extrem kleinen „Aber“. Und wie von mir im Gegensatz zu anderen Kommentatoren ebenfalls prognostiziert wurde, konnte Voßkuhle sogar vermeiden, den Notstand auszurufen. Das wäre zwar möglich und angebracht gewesen – aber zu auffällig und störend für die EU-Junta und die sozialistischen Berliner Planwirtschaftler aller Parteien. Die Parallelen zu 1930ff wären zu auffällig gewesen. Obwohl bzw. gerade weil sie rechtlich und ökonomisch geradezu frappierend sind…
http://www.goldseitenblog.com/peter_boehringer/index.php/201…
Canaccord rät zum Kauf von Goldaktien
Der Goldpreis ist in der vergangenen Woche um 5,8% auf 1.788,43 USD/oz gefallen, nachdem CME die Goldmargin-Anforderungen erneut erhöht hatte.
Die Canaccord-Analysten schätzen Goldaktien derzeit als günstig ein relativ zum Goldpreis. Sie empfehlen, die aktuell niedrigen Preise zu nutzen und jetzt Goldaktien zu kaufen.
Nachfolgend eine Liste der Unternehmen mit den besten Wertentwicklungen in dieser Woche:
http://www.minenportal.de/bilder/upload/23083.gif
Canaccord gibt folgende Unternehmensbewertungen ab:
http://www.minenportal.de/bilder/upload/23084.gif
http://www.minenportal.de/unternehmen_nachrichten.php?mid=84…
Der Goldpreis ist in der vergangenen Woche um 5,8% auf 1.788,43 USD/oz gefallen, nachdem CME die Goldmargin-Anforderungen erneut erhöht hatte.
Die Canaccord-Analysten schätzen Goldaktien derzeit als günstig ein relativ zum Goldpreis. Sie empfehlen, die aktuell niedrigen Preise zu nutzen und jetzt Goldaktien zu kaufen.
Nachfolgend eine Liste der Unternehmen mit den besten Wertentwicklungen in dieser Woche:
http://www.minenportal.de/bilder/upload/23083.gif
Canaccord gibt folgende Unternehmensbewertungen ab:
http://www.minenportal.de/bilder/upload/23084.gif
http://www.minenportal.de/unternehmen_nachrichten.php?mid=84…
AuRico Gold Inc.: Kaufen mit Kursziel 15,25 CAD
AuRico Gold Inc. gab gestern bekannt, dass eine Übernahmevereinbarung mit Northgate Minerals Corporation getroffen wurde, wodurch ein Goldproduzent entstehen soll, der 5 Minen betreibt. Gemäß der Vereinbarung wird AuRico alle ausgegebenen und ausstehenden Northgate-Stammaktien erwerben und in je 0,365 AuRico-Stammaktien pro Northgate-Stammaktie eintauschen. Mit der Hauptversammlung im Oktober soll die Transaktion abgeschlossen werden.
Die Analysten von Mackie Research schätzen den Zusammenschluss positiv ein. Sie rechnen in dem nächsten Jahren mit einem sehr starken Wachstum. Für das zweite Quartal 2011 meldete AuRico gute Produktionsergebnisse und rechnete für das Gesamtjahr mit ca. 325.000 oz Goldäquivalent zu Cashkosten von ca. 400 USD/oz Goldäquivalent. Angesichts des erfolgreichen Zusammenschlusses rechnet AuRico für das Jahr 2013 mit einer Planung von 730.000 oz Goldäquivalent. Verglichen mit den aktuellen Ergebnissen wäre dies eine Steigerung von 125%.
Die Analysten von Mackie Research wiederholen ihre Kaufempfehlung, verringern jedoch das Kursziel von 15,75 CAD auf 15,25 CAD.
© Redaktion MinenPortal.de
http://www.minenportal.de/unternehmen_nachrichten.php?mid=35…
AuRico Gold Inc. gab gestern bekannt, dass eine Übernahmevereinbarung mit Northgate Minerals Corporation getroffen wurde, wodurch ein Goldproduzent entstehen soll, der 5 Minen betreibt. Gemäß der Vereinbarung wird AuRico alle ausgegebenen und ausstehenden Northgate-Stammaktien erwerben und in je 0,365 AuRico-Stammaktien pro Northgate-Stammaktie eintauschen. Mit der Hauptversammlung im Oktober soll die Transaktion abgeschlossen werden.
Die Analysten von Mackie Research schätzen den Zusammenschluss positiv ein. Sie rechnen in dem nächsten Jahren mit einem sehr starken Wachstum. Für das zweite Quartal 2011 meldete AuRico gute Produktionsergebnisse und rechnete für das Gesamtjahr mit ca. 325.000 oz Goldäquivalent zu Cashkosten von ca. 400 USD/oz Goldäquivalent. Angesichts des erfolgreichen Zusammenschlusses rechnet AuRico für das Jahr 2013 mit einer Planung von 730.000 oz Goldäquivalent. Verglichen mit den aktuellen Ergebnissen wäre dies eine Steigerung von 125%.
Die Analysten von Mackie Research wiederholen ihre Kaufempfehlung, verringern jedoch das Kursziel von 15,75 CAD auf 15,25 CAD.
© Redaktion MinenPortal.de
http://www.minenportal.de/unternehmen_nachrichten.php?mid=35…
Ich bin echt gespannt ob Aurico dies erreichen kann ?
Mir soll es allerdings recht sein denn bei 1 Mrd Chashflow, den sie bis 2015 erreichen wollen, kann der Kurs von Aurico nur steigen. Bis 2015 sind wir bereits Aktionäre von Aurico wenn es nicht in Bälde ein weiteres Angebot von einem Wettbewerber geben sollte.
Ich bin jetzt allerdings unsicher mit der Annahme des Übernahme-Angebotes geworden,denn Aurico produzierte im letzten Jahr nur 200.000 Ounzen Au und Northgate produzierte über 200.000 Ounzen Au und das führte trotzdem zu einem Kursunterschied von mindesten 35 %.
Der Aurico-Kurs lag bei der Abgabe des Übernahme-Angebotes bei ca. 12,50 US $ und der NXG-Kurs lag nur bei ca. 4 US $.
Natürlich hat das etwas mit den Förderkosten zu tuen und diese, das muß man anerkennen bei Aurico niedriger als bei NXG.
Aber das soll diesen Kursunterschied als gerecht darstellen.
Ich bin der Meinung, dass sich das Management von NXG die Firma zu einem viel zu niederigen Kurs verkauft hat. Das Angebot müßte m. E. um ca. 25 - 50 % höher liegen, denn ab 2012 wollte NXG ca. 350 bis 400k Ounzen Gold produzieren. Und das ist doch eine Gößenordnung da ist doch Aurico nur ein mittelwertiger Spieler.
Also will hier ein Kleiner einen Großen kaufen ? Man denke nur wie das vor Jahren hier in D war: Porsche will VW kaufen, was ist daraus geworden`?
Der Große hat sich gewährt und hat den Kleineren übernommen. Ich hoffe hier wird sich noch einiges tuen ?
1 Mrd. Dollar Cashflow bis 2013
AuRico Gold will bis 2015 1 Mio. Unzen Gold pro Jahr produzieren
Geschrieben von Björn Junker •
9. September 2011 • Druckversion
AuRico Gold (WKN A1JBWL), der auf Mexiko konzentrierte kanadische Goldproduzent, der im August ein Übernahmeangebot von 1,46 Mrd. Dollar für Northgate Minerals abgab, glaubt, dass das fusionierte Unternehmen bereits Anfang 2015 eine Produktion von 1 Mio. Unzen Gold pro Jahr erreichen könnte.
Goldbarren
CEO René Marion erklärte gegenüber dem Informationsportal Mining Weekly Online zudem, dass das Unternehmen darüber nachdenken werde, die australischen Minen, die man durch den Northgate-Deal erwerben wird, als separates Unternehmen an die Börse zu bringen. Northgate besitzt in Australien die Goldminen Stawell und Fosterville, deren Performance allerdings zu wünschen übrig lässt. Man habe bereits jetzt erste Anrufe in dieser Hinsicht von Interessenten erhalten, so Marion. AuRico habe es aber nicht eilig, diese Assets abzustoßen und werde auf keinen Fall das „Kind mit dem Bad ausschütten“.
Bei Bekanntgabe der Übernahmeofferte hatte Marioin erklärt, dass die fusionierte Firma 2013 rund 730.000 Unzen von den Minen in Kanada, Australien und Mexiko produzieren werde. Viele Aktionäre hatten zunächst den Aufschlag von 45%, den AuRico für Northgate zahlen will, in Frage gestellt. Die AuRico-Aktie verlor am Tag der Ankündigung darauf hin rund 20% an Wert. Laut Marion seien aber die Aktionäre mit dem Deal warm geworden.
Laut Aussage des AuRico-CEO hätte ein „signifikanter“ Aktionäre des Unternehmens seine Beteiligung um 60% erhöht, während ein anderer Aktionär seinen Anteil um 50% aufgestockt habe, um von dem Kursrückgang zu profitieren. Das scheint durch den Rebound von ca. 10%, den die Aktie seit den ursprünglichen Verlusten hingelegt hat, bestätigt zu werden.
AuRico, das erst im Mai den Unternehmensnamen von Gammon Gold in AuRico änderte, machte einen vorher bestehenden Fusionsplan von Primero Mining mit Northgate zunichte, als man die eigene Offerte enthüllte. Zwar haben einige Analysten geäußert, dass die Möglichkeit bestehe, dass sich ein weiteres Unternehmen an dem Bieterwettstreit beteiligt und ein höheres Angebot für Northgate abgibt – das Interesse gilt vor allem Northgates Flaggschiffprojekt der Young-Davidson-Mine in Ontario – glaubt Marion, dass die Zeit für AuRico spielt. Denn man werde schon innerhalb von zehn Tagen das Übernahmeangebot an die Aktionäre verschicken, sodass die Abstimmung darüber bereits im Oktober anfallen würde. Ein neuer Interessent würde sich sehr schnell zu Wort melden müssen, so Marion.
Zusammen mit den Expansionsprojekten, die auf den drei mexikanischen Minen von AuRico laufen, würde Young-Davidson es dem Unternehmen erlauben, die Produktion in den kommenden zwei Jahren um fast ein Drittel der Prognose für 2013 zu erhöhen. Man sei der Ansicht, so AuRicos CEO weiter, dass man bis 2015 an die Marke von 1 Mio. Unzen Jahresproduktion herankommen könne. Im vergangenen Jahr produzierte AuRico rund 200.000 Unzen Gold.
Er fügte an, dass das Unternehmen zu einem Produzenten von 750.000 bis 1 Mio. Unzen Gold aufsteigen wolle, da es in dieser Größenordnung in Nordamerika kaum andere Unternehmen gebe. Bei einem solchen Produktionsvolumen würden rund 60% der Produktion des fusionierten Unternehmens aus Mexiko stammen und der Rest aus Kanada.
Um dieses Ziel zu erreichen, will AuRico den Ausstoß von Young-Davidson auf mehr als 300.000 Unzen Gold steigern – das wäre allein schon eine erhebliche Steigerung gegenüber den 220.000 Unzen pro Jahr, mit denen Northgate gearbeitet hat. Die Ingenieure seien schon jetzt vor Ort, um diese Möglichkeit zu begutachten, führte Marion weiter aus.
Auf der Ocampo-Liegenschaft in Mexiko untersucht das Untenehmen die Wirtschaftlichkeit einer dritten Mine. Die Entscheidung über einen möglichen Bau soll im ersten Quartal des kommenden Jahres fallen. Auf der Gold- und Silbermine Chanate, ebenfalls in Mexiko gelegen, arbeitet das Unternehmen an zwei Expansionsphasen, die die Produktion um 50% erhöhen sollen. Anfang des kommenden Jahres will man über eine mögliche dritte Expansionsphase entscheiden, die die Produktion noch einmal um 50% steigen lassen könnte.
Sollte AuRico sein Produktionsziel erreichen, würde man 2013 einen Cashflow von fast 1 Mrd. Dollar generieren, erklärte Marion.
AuRicos CEO ist zudem positiv für die weitere Entwicklung des Goldpreises gestimmt. Da in der entwickelten Welt hohe Inflation und negative reale Zinsen vorherrschen würden, werde der Goldpreis weiter steigen. Höher Explorations- und Produktionskosten und die Deregulierung von Gold in Ländern wie China würden für den Goldpreis ebenfalls gutes verheißen. Nach Ansicht von Marion wird der Goldpreis so bis Jahresende die Marke von 2.000 USD pro Unze erreichen – und auch in den kommenden Jahren weiter steigen.
Hinweis: Die hier angebotenen Artikel stellen keine Kauf- bzw. Verkaufsempfehlungen dar, weder explizit noch implizit sind sie als Zusicherung etwaiger Kursentwicklungen zu verstehen. Die GOLDINVEST Media GmbH und ihre Autoren schließen jede Haftung diesbezüglich aus. Die Artikel und Berichte dienen ausschließlich der Information der Leser und stellen keine wie immer geartete Handlungsaufforderung dar. Zwischen der GOLDINVEST Media GmbH und den Lesern dieser Artikel entsteht keinerlei Vertrags- und/oder Beratungsverhältnis, da sich unsere Artikel lediglich auf das jeweilige Unternehmen, nicht aber auf die Anlageentscheidung, beziehen. Wir weisen darauf hin, dass Partner, Autoren und Mitarbeiter der GOLDINVEST Media GmbH Aktien der jeweils angesprochenen Unternehmen halten oder halten können und somit ein möglicher Interessenkonflikt besteht. Wir können nicht ausschließen, dass andere Börsenbriefe, Medien oder Research-Firmen die von uns empfohlenen Werte im gleichen Zeitraum besprechen. Daher kann es in diesem Zeitraum zur symmetrischen Informations- und Meinungsgenerierung kommen.
http://www.goldinvest.de/index.php/aurico-gold-will-bis-2015…
Mir soll es allerdings recht sein denn bei 1 Mrd Chashflow, den sie bis 2015 erreichen wollen, kann der Kurs von Aurico nur steigen. Bis 2015 sind wir bereits Aktionäre von Aurico wenn es nicht in Bälde ein weiteres Angebot von einem Wettbewerber geben sollte.
Ich bin jetzt allerdings unsicher mit der Annahme des Übernahme-Angebotes geworden,denn Aurico produzierte im letzten Jahr nur 200.000 Ounzen Au und Northgate produzierte über 200.000 Ounzen Au und das führte trotzdem zu einem Kursunterschied von mindesten 35 %.
Der Aurico-Kurs lag bei der Abgabe des Übernahme-Angebotes bei ca. 12,50 US $ und der NXG-Kurs lag nur bei ca. 4 US $.
Natürlich hat das etwas mit den Förderkosten zu tuen und diese, das muß man anerkennen bei Aurico niedriger als bei NXG.
Aber das soll diesen Kursunterschied als gerecht darstellen.
Ich bin der Meinung, dass sich das Management von NXG die Firma zu einem viel zu niederigen Kurs verkauft hat. Das Angebot müßte m. E. um ca. 25 - 50 % höher liegen, denn ab 2012 wollte NXG ca. 350 bis 400k Ounzen Gold produzieren. Und das ist doch eine Gößenordnung da ist doch Aurico nur ein mittelwertiger Spieler.
Also will hier ein Kleiner einen Großen kaufen ? Man denke nur wie das vor Jahren hier in D war: Porsche will VW kaufen, was ist daraus geworden`?
Der Große hat sich gewährt und hat den Kleineren übernommen. Ich hoffe hier wird sich noch einiges tuen ?
1 Mrd. Dollar Cashflow bis 2013
AuRico Gold will bis 2015 1 Mio. Unzen Gold pro Jahr produzieren
Geschrieben von Björn Junker •
9. September 2011 • Druckversion
AuRico Gold (WKN A1JBWL), der auf Mexiko konzentrierte kanadische Goldproduzent, der im August ein Übernahmeangebot von 1,46 Mrd. Dollar für Northgate Minerals abgab, glaubt, dass das fusionierte Unternehmen bereits Anfang 2015 eine Produktion von 1 Mio. Unzen Gold pro Jahr erreichen könnte.
Goldbarren
CEO René Marion erklärte gegenüber dem Informationsportal Mining Weekly Online zudem, dass das Unternehmen darüber nachdenken werde, die australischen Minen, die man durch den Northgate-Deal erwerben wird, als separates Unternehmen an die Börse zu bringen. Northgate besitzt in Australien die Goldminen Stawell und Fosterville, deren Performance allerdings zu wünschen übrig lässt. Man habe bereits jetzt erste Anrufe in dieser Hinsicht von Interessenten erhalten, so Marion. AuRico habe es aber nicht eilig, diese Assets abzustoßen und werde auf keinen Fall das „Kind mit dem Bad ausschütten“.
Bei Bekanntgabe der Übernahmeofferte hatte Marioin erklärt, dass die fusionierte Firma 2013 rund 730.000 Unzen von den Minen in Kanada, Australien und Mexiko produzieren werde. Viele Aktionäre hatten zunächst den Aufschlag von 45%, den AuRico für Northgate zahlen will, in Frage gestellt. Die AuRico-Aktie verlor am Tag der Ankündigung darauf hin rund 20% an Wert. Laut Marion seien aber die Aktionäre mit dem Deal warm geworden.
Laut Aussage des AuRico-CEO hätte ein „signifikanter“ Aktionäre des Unternehmens seine Beteiligung um 60% erhöht, während ein anderer Aktionär seinen Anteil um 50% aufgestockt habe, um von dem Kursrückgang zu profitieren. Das scheint durch den Rebound von ca. 10%, den die Aktie seit den ursprünglichen Verlusten hingelegt hat, bestätigt zu werden.
AuRico, das erst im Mai den Unternehmensnamen von Gammon Gold in AuRico änderte, machte einen vorher bestehenden Fusionsplan von Primero Mining mit Northgate zunichte, als man die eigene Offerte enthüllte. Zwar haben einige Analysten geäußert, dass die Möglichkeit bestehe, dass sich ein weiteres Unternehmen an dem Bieterwettstreit beteiligt und ein höheres Angebot für Northgate abgibt – das Interesse gilt vor allem Northgates Flaggschiffprojekt der Young-Davidson-Mine in Ontario – glaubt Marion, dass die Zeit für AuRico spielt. Denn man werde schon innerhalb von zehn Tagen das Übernahmeangebot an die Aktionäre verschicken, sodass die Abstimmung darüber bereits im Oktober anfallen würde. Ein neuer Interessent würde sich sehr schnell zu Wort melden müssen, so Marion.
Zusammen mit den Expansionsprojekten, die auf den drei mexikanischen Minen von AuRico laufen, würde Young-Davidson es dem Unternehmen erlauben, die Produktion in den kommenden zwei Jahren um fast ein Drittel der Prognose für 2013 zu erhöhen. Man sei der Ansicht, so AuRicos CEO weiter, dass man bis 2015 an die Marke von 1 Mio. Unzen Jahresproduktion herankommen könne. Im vergangenen Jahr produzierte AuRico rund 200.000 Unzen Gold.
Er fügte an, dass das Unternehmen zu einem Produzenten von 750.000 bis 1 Mio. Unzen Gold aufsteigen wolle, da es in dieser Größenordnung in Nordamerika kaum andere Unternehmen gebe. Bei einem solchen Produktionsvolumen würden rund 60% der Produktion des fusionierten Unternehmens aus Mexiko stammen und der Rest aus Kanada.
Um dieses Ziel zu erreichen, will AuRico den Ausstoß von Young-Davidson auf mehr als 300.000 Unzen Gold steigern – das wäre allein schon eine erhebliche Steigerung gegenüber den 220.000 Unzen pro Jahr, mit denen Northgate gearbeitet hat. Die Ingenieure seien schon jetzt vor Ort, um diese Möglichkeit zu begutachten, führte Marion weiter aus.
Auf der Ocampo-Liegenschaft in Mexiko untersucht das Untenehmen die Wirtschaftlichkeit einer dritten Mine. Die Entscheidung über einen möglichen Bau soll im ersten Quartal des kommenden Jahres fallen. Auf der Gold- und Silbermine Chanate, ebenfalls in Mexiko gelegen, arbeitet das Unternehmen an zwei Expansionsphasen, die die Produktion um 50% erhöhen sollen. Anfang des kommenden Jahres will man über eine mögliche dritte Expansionsphase entscheiden, die die Produktion noch einmal um 50% steigen lassen könnte.
Sollte AuRico sein Produktionsziel erreichen, würde man 2013 einen Cashflow von fast 1 Mrd. Dollar generieren, erklärte Marion.
AuRicos CEO ist zudem positiv für die weitere Entwicklung des Goldpreises gestimmt. Da in der entwickelten Welt hohe Inflation und negative reale Zinsen vorherrschen würden, werde der Goldpreis weiter steigen. Höher Explorations- und Produktionskosten und die Deregulierung von Gold in Ländern wie China würden für den Goldpreis ebenfalls gutes verheißen. Nach Ansicht von Marion wird der Goldpreis so bis Jahresende die Marke von 2.000 USD pro Unze erreichen – und auch in den kommenden Jahren weiter steigen.
Hinweis: Die hier angebotenen Artikel stellen keine Kauf- bzw. Verkaufsempfehlungen dar, weder explizit noch implizit sind sie als Zusicherung etwaiger Kursentwicklungen zu verstehen. Die GOLDINVEST Media GmbH und ihre Autoren schließen jede Haftung diesbezüglich aus. Die Artikel und Berichte dienen ausschließlich der Information der Leser und stellen keine wie immer geartete Handlungsaufforderung dar. Zwischen der GOLDINVEST Media GmbH und den Lesern dieser Artikel entsteht keinerlei Vertrags- und/oder Beratungsverhältnis, da sich unsere Artikel lediglich auf das jeweilige Unternehmen, nicht aber auf die Anlageentscheidung, beziehen. Wir weisen darauf hin, dass Partner, Autoren und Mitarbeiter der GOLDINVEST Media GmbH Aktien der jeweils angesprochenen Unternehmen halten oder halten können und somit ein möglicher Interessenkonflikt besteht. Wir können nicht ausschließen, dass andere Börsenbriefe, Medien oder Research-Firmen die von uns empfohlenen Werte im gleichen Zeitraum besprechen. Daher kann es in diesem Zeitraum zur symmetrischen Informations- und Meinungsgenerierung kommen.
http://www.goldinvest.de/index.php/aurico-gold-will-bis-2015…
Auszug aus der vorherigen News:
Zwar haben einige Analysten geäußert, dass die Möglichkeit bestehe, dass sich ein weiteres Unternehmen an dem Bieterwettstreit beteiligt und ein höheres Angebot für Northgate abgibt – das Interesse gilt vor allem Northgates Flaggschiffprojekt der Young-Davidson-Mine in Ontario – glaubt Marion, dass die Zeit für AuRico spielt. Denn man werde schon innerhalb von zehn Tagen das Übernahmeangebot an die Aktionäre verschicken, sodass die Abstimmung darüber bereits im Oktober anfallen würde. Ein neuer Interessent würde sich sehr schnell zu Wort melden müssen, so Marion.
Ich hoffe nur, das ein Manegement eines großen Goldförderers sich bald dazu bereit findet, ein höheres Angebot für NXG abzugeben. Senn der CEO von Aurico will sich schnell an die Aktionäre von NXG wenden und damit "Butter bei den Fischen" machen.
Zwar haben einige Analysten geäußert, dass die Möglichkeit bestehe, dass sich ein weiteres Unternehmen an dem Bieterwettstreit beteiligt und ein höheres Angebot für Northgate abgibt – das Interesse gilt vor allem Northgates Flaggschiffprojekt der Young-Davidson-Mine in Ontario – glaubt Marion, dass die Zeit für AuRico spielt. Denn man werde schon innerhalb von zehn Tagen das Übernahmeangebot an die Aktionäre verschicken, sodass die Abstimmung darüber bereits im Oktober anfallen würde. Ein neuer Interessent würde sich sehr schnell zu Wort melden müssen, so Marion.
Ich hoffe nur, das ein Manegement eines großen Goldförderers sich bald dazu bereit findet, ein höheres Angebot für NXG abzugeben. Senn der CEO von Aurico will sich schnell an die Aktionäre von NXG wenden und damit "Butter bei den Fischen" machen.
man muß es gelesen haben, am besten noch heute.
Nach diesen Infos gibt es nur noch eins, mit allem was man hat in physische Edelmetalle hinein. Auch ein paar Aktien von Minen sind wünschenswert, aber ob dies dann hilft in der Zeit der großen Panik, kann heute noch keiner sagen?
Eine Edelmetall-Mine ist nämlich ganz schnell verstaatlicht, und das war's dann.
Für mich wäre es rechtens, lieber ein Ende mit Schrecken als ein Schrecken ohne Ende.
Aber was soll's, wie sagt der Kölner " Es kütt wie es kütt"
Lieber ein Ende mit Schrecken als ein Schrecken ohne Ende?
Sonntag, 11. September 2011 11:44:00
„Haben Sie Angst um Ihr Geld? Haben sie also Angst vor einem Lehman II im Quadrat?“Dann gehören Sie zu den 90%, die im Moment ein ungutes „Bauchgefühl“ haben und nicht mehr so recht wissen, was „ da oben“ eigentlich gespielt wird und wie es weitergehen soll. Was ist der Plan B und gibt es überhaupt einen bei der Rettung von Griechenland, des Euros, der Banken und des Welt-Finanzsystems? Die Börsen befinden sich nach wie vor im Panik-Modus und reagieren auf jede „bad news“ mit großen Kursabschlägen gen Süden. Damit signalisieren aber nur, dass es im Moment eine großen Vertrauensverlust in die Gestaltung der Politik gibt. Dies verwundert nicht, da von Politikeren ständig Verträge und Zusagen gebrochen wurden und im Moment versucht wird nur auf Zeit zu spielen,...
http://www.andreas-maennicke.de/
Nach diesen Infos gibt es nur noch eins, mit allem was man hat in physische Edelmetalle hinein. Auch ein paar Aktien von Minen sind wünschenswert, aber ob dies dann hilft in der Zeit der großen Panik, kann heute noch keiner sagen?
Eine Edelmetall-Mine ist nämlich ganz schnell verstaatlicht, und das war's dann.
Für mich wäre es rechtens, lieber ein Ende mit Schrecken als ein Schrecken ohne Ende.
Aber was soll's, wie sagt der Kölner " Es kütt wie es kütt"
Lieber ein Ende mit Schrecken als ein Schrecken ohne Ende?
Sonntag, 11. September 2011 11:44:00
„Haben Sie Angst um Ihr Geld? Haben sie also Angst vor einem Lehman II im Quadrat?“Dann gehören Sie zu den 90%, die im Moment ein ungutes „Bauchgefühl“ haben und nicht mehr so recht wissen, was „ da oben“ eigentlich gespielt wird und wie es weitergehen soll. Was ist der Plan B und gibt es überhaupt einen bei der Rettung von Griechenland, des Euros, der Banken und des Welt-Finanzsystems? Die Börsen befinden sich nach wie vor im Panik-Modus und reagieren auf jede „bad news“ mit großen Kursabschlägen gen Süden. Damit signalisieren aber nur, dass es im Moment eine großen Vertrauensverlust in die Gestaltung der Politik gibt. Dies verwundert nicht, da von Politikeren ständig Verträge und Zusagen gebrochen wurden und im Moment versucht wird nur auf Zeit zu spielen,...
http://www.andreas-maennicke.de/
Die Entscheidung der Aktionäre fällt am 23.9.2011 und wird dann am 26.9.2011 für alle Aktionäre veröffentlicht.
Schade ich kann das zu diesem schlechten Kurs leider nicht verhindern.
Deshalb wünsche ich mir, das AuRico wenigstens anschließend nach der Übernahme von NXG wieder den Kurs nach oben findet.
Nur das ist es was für mich zählt.
AuRico Gold and Northgate Minerals Provide Update on Special Shareholder Meetings 09.13.2011
View Press Release (pdf)
TORONTO, Sept. 13, 2011 /CNW/ -
AuRico Gold Inc. ("AuRico") (TSX:AUQ) (NYSE:AUQ) and Northgate Minerals Corporation ("Northgate") (TSX:NGX) (NYSE-Amex:NXG) jointly announce that pursuant to the New York Stock Exchange's advance notice requirement for setting record dates, the record date for the notice of the AuRico Meeting and the Northgate Meeting (as defined below) has now been set for September 23, 2011. Consistent with the change in the record date, the date of both companies' special meetings of shareholders has now been set for October 24, 2011.
The purpose of the AuRico special meeting ("AuRico Meeting") is to consider a resolution to approve the issuance of the AuRico common shares to Northgate security holders in connection with the Arrangement (as hereinafter defined). The AuRico Meeting is being held concurrently with the special meeting of Northgate shareholders ("Northgate Meeting") which has been called to consider the Arrangement.
AuRico shareholders of record at the close of business on September 23, 2011 will be provided with the notice of the AuRico Meeting and AuRico's management information circular in respect of the AuRico Meeting and will be entitled to vote at the AuRico Meeting.
Northgate shareholders of record at the close of business on September 23, 2011 will be provided with the notice of the Northgate Meeting and Northgate's management information circular in respect of the Northgate Meeting and will be entitled to vote at the Northgate Meeting.
Both companies' information circulars will be publicly filed and mailed during the week of September 26, 2011.
On August 29, 2011, AuRico and Northgate announced that the companies had entered into an arrangement agreement (the "Arrangement Agreement"), pursuant to which, among other things, AuRico will acquire all of the issued and outstanding common shares of Northgate in accordance with a court-approved plan of arrangement of Northgate under the British Columbia Business Corporations Act (the "Arrangement").
Assuming the Arrangement becomes effective, each Northgate shareholder will receive 0.365 of an AuRico common share for each Northgate common share.
About AuRico Gold:
AuRico Gold is a leading intermediate Canadian gold and silver producer with a diversified portfolio of high quality mines and projects in Mexico. The Company's three wholly-owned operating properties include the Ocampo mine in Chihuahua State, the El Chanate mine in Sonora State and the El Cubo mine in Guanajuato State. A strong pipeline of development and exploration stage projects include the Guadalupe y Calvo advanced development property in Chihuahua State and the Orion advanced development property in Nayarit State, along with six exploration properties throughout Mexico. AuRico's head office is located in Toronto, Ontario, Canada.
About Northgate Minerals:
Northgate Minerals Corporation is a gold and copper producer with mining operations, development projects and exploration properties in the Americas and Australia. Northgate currently owns and operates the Fosterville and Stawell gold mines in Victoria Australia, and is building the Young-Davidson gold mine in northern Ontario, which is targeting a 15-year mine life with average annual production of 180,000 ounces of gold commencing in 2012.
http://www.northgateminerals.com/news-and-media/press-releas…
Schade ich kann das zu diesem schlechten Kurs leider nicht verhindern.
Deshalb wünsche ich mir, das AuRico wenigstens anschließend nach der Übernahme von NXG wieder den Kurs nach oben findet.
Nur das ist es was für mich zählt.
AuRico Gold and Northgate Minerals Provide Update on Special Shareholder Meetings 09.13.2011
View Press Release (pdf)
TORONTO, Sept. 13, 2011 /CNW/ -
AuRico Gold Inc. ("AuRico") (TSX:AUQ) (NYSE:AUQ) and Northgate Minerals Corporation ("Northgate") (TSX:NGX) (NYSE-Amex:NXG) jointly announce that pursuant to the New York Stock Exchange's advance notice requirement for setting record dates, the record date for the notice of the AuRico Meeting and the Northgate Meeting (as defined below) has now been set for September 23, 2011. Consistent with the change in the record date, the date of both companies' special meetings of shareholders has now been set for October 24, 2011.
The purpose of the AuRico special meeting ("AuRico Meeting") is to consider a resolution to approve the issuance of the AuRico common shares to Northgate security holders in connection with the Arrangement (as hereinafter defined). The AuRico Meeting is being held concurrently with the special meeting of Northgate shareholders ("Northgate Meeting") which has been called to consider the Arrangement.
AuRico shareholders of record at the close of business on September 23, 2011 will be provided with the notice of the AuRico Meeting and AuRico's management information circular in respect of the AuRico Meeting and will be entitled to vote at the AuRico Meeting.
Northgate shareholders of record at the close of business on September 23, 2011 will be provided with the notice of the Northgate Meeting and Northgate's management information circular in respect of the Northgate Meeting and will be entitled to vote at the Northgate Meeting.
Both companies' information circulars will be publicly filed and mailed during the week of September 26, 2011.
On August 29, 2011, AuRico and Northgate announced that the companies had entered into an arrangement agreement (the "Arrangement Agreement"), pursuant to which, among other things, AuRico will acquire all of the issued and outstanding common shares of Northgate in accordance with a court-approved plan of arrangement of Northgate under the British Columbia Business Corporations Act (the "Arrangement").
Assuming the Arrangement becomes effective, each Northgate shareholder will receive 0.365 of an AuRico common share for each Northgate common share.
About AuRico Gold:
AuRico Gold is a leading intermediate Canadian gold and silver producer with a diversified portfolio of high quality mines and projects in Mexico. The Company's three wholly-owned operating properties include the Ocampo mine in Chihuahua State, the El Chanate mine in Sonora State and the El Cubo mine in Guanajuato State. A strong pipeline of development and exploration stage projects include the Guadalupe y Calvo advanced development property in Chihuahua State and the Orion advanced development property in Nayarit State, along with six exploration properties throughout Mexico. AuRico's head office is located in Toronto, Ontario, Canada.
About Northgate Minerals:
Northgate Minerals Corporation is a gold and copper producer with mining operations, development projects and exploration properties in the Americas and Australia. Northgate currently owns and operates the Fosterville and Stawell gold mines in Victoria Australia, and is building the Young-Davidson gold mine in northern Ontario, which is targeting a 15-year mine life with average annual production of 180,000 ounces of gold commencing in 2012.
http://www.northgateminerals.com/news-and-media/press-releas…
Die "Anzugdame" kann sich drehen wie sie will. das Defizit von Griechenland wird immer größer und damit rückt das Ende immer näher.
Sie kann dort soviel Euro reinschieben wie sie will, das Ende wird genauso sein, wie vor 20 Jahren mit der DDR.
Was wäre es schön wenn sie doch drüben geblieben w#re. Nun ist es zu spät, sie will und wird D einfach vernichten.
Wenn auch heute, zum 3-fach Verfallstag werden wir in der nächsten Woche mit NXG auch wieder nach oben kommen.
Staatsdefizit Griechenlands steigt weiter13. September 2011 in Allgemein
Wie das griechische Finanzministerium gestern mitteilte, sanken die Steuereinnahmen in den ersten 8 Monaten des Jahres 2011 um -5,3% und die Ausgaben kletterten um +8,1%, im Vergleich zum Vorjahreszeitraum. Das Staatshaushaltsdefizit kletterte um beachtliche +22,2% in den ersten 8 Monaten auf 18,101 Mrd. Euro, nach 14,813 Mrd. Euro im Vorjahreszeitraum!
http://www.querschuesse.de/staatsdefizit-griechenlands-steig…
Sie kann dort soviel Euro reinschieben wie sie will, das Ende wird genauso sein, wie vor 20 Jahren mit der DDR.
Was wäre es schön wenn sie doch drüben geblieben w#re. Nun ist es zu spät, sie will und wird D einfach vernichten.
Wenn auch heute, zum 3-fach Verfallstag werden wir in der nächsten Woche mit NXG auch wieder nach oben kommen.
Staatsdefizit Griechenlands steigt weiter13. September 2011 in Allgemein
Wie das griechische Finanzministerium gestern mitteilte, sanken die Steuereinnahmen in den ersten 8 Monaten des Jahres 2011 um -5,3% und die Ausgaben kletterten um +8,1%, im Vergleich zum Vorjahreszeitraum. Das Staatshaushaltsdefizit kletterte um beachtliche +22,2% in den ersten 8 Monaten auf 18,101 Mrd. Euro, nach 14,813 Mrd. Euro im Vorjahreszeitraum!
http://www.querschuesse.de/staatsdefizit-griechenlands-steig…
Northgate Minerals Corporation Provides Information Concerning Conversion Rights for Holders of the 3.50% Convertible Senior Notes due 2016 10.03.2011
View Press Release (pdf)
VANCOUVER, Oct. 3, 2011 /CNW/ -
(All figures in US dollars except where noted) As previously announced, Northgate Minerals Corporation (the "Company") (TSX: NGX) (NYSE Amex: NXG) has entered into an Arrangement Agreement (the "Arrangement Agreement"), dated as of August 29, 2011, by and among the Company and AuRico Gold Inc. ("AuRico"), pursuant to which, among other things and subject to the satisfaction of certain conditions to effectiveness, AuRico will acquire all of the issued and outstanding common shares of the Company in accordance with a court-approved plan of arrangement of the Company under the British Columbia Business Corporations Act (the "Arrangement").
Assuming the Arrangement becomes effective, each shareholder of the Company will receive 0.365 of an AuRico common share for each common share of the Company. Currently, the parties expect the effective date of the Arrangement to occur on or about October 26, 2011.
The Company has provided a notice to holders (the "Holders") of the Company's 3.50% convertible senior notes due 2016 (the "Convertible Notes") concerning their right to convert the Convertible Notes. Prior to the effectiveness of the proposed Arrangement, the Convertible Notes will be convertible into common shares of the Company and upon the effectiveness of the Arrangement the Convertible Notes (when convertible in accordance with their terms) will be convertible into AuRico common shares.
The Company may, at its election, deliver cash or a combination of cash and common shares, upon conversion in accordance with terms of the Convertible Notes.
Holders should also note that, because the Company's and AuRico's obligations to consummate the Arrangement are subject to various conditions set forth in the Arrangement Agreement, the Company cannot be sure that the Arrangement will in fact occur at the time expected above, or at all. This press release is issued in accordance with the terms of the Convertible Notes.
* * * * * * *
http://www.northgateminerals.com/news-and-media/press-releas…
View Press Release (pdf)
VANCOUVER, Oct. 3, 2011 /CNW/ -
(All figures in US dollars except where noted) As previously announced, Northgate Minerals Corporation (the "Company") (TSX: NGX) (NYSE Amex: NXG) has entered into an Arrangement Agreement (the "Arrangement Agreement"), dated as of August 29, 2011, by and among the Company and AuRico Gold Inc. ("AuRico"), pursuant to which, among other things and subject to the satisfaction of certain conditions to effectiveness, AuRico will acquire all of the issued and outstanding common shares of the Company in accordance with a court-approved plan of arrangement of the Company under the British Columbia Business Corporations Act (the "Arrangement").
Assuming the Arrangement becomes effective, each shareholder of the Company will receive 0.365 of an AuRico common share for each common share of the Company. Currently, the parties expect the effective date of the Arrangement to occur on or about October 26, 2011.
The Company has provided a notice to holders (the "Holders") of the Company's 3.50% convertible senior notes due 2016 (the "Convertible Notes") concerning their right to convert the Convertible Notes. Prior to the effectiveness of the proposed Arrangement, the Convertible Notes will be convertible into common shares of the Company and upon the effectiveness of the Arrangement the Convertible Notes (when convertible in accordance with their terms) will be convertible into AuRico common shares.
The Company may, at its election, deliver cash or a combination of cash and common shares, upon conversion in accordance with terms of the Convertible Notes.
Holders should also note that, because the Company's and AuRico's obligations to consummate the Arrangement are subject to various conditions set forth in the Arrangement Agreement, the Company cannot be sure that the Arrangement will in fact occur at the time expected above, or at all. This press release is issued in accordance with the terms of the Convertible Notes.
* * * * * * *
http://www.northgateminerals.com/news-and-media/press-releas…
Northgate exploriert und findet Gold in Masse und was machen diese Herren: Sie verkaufen die Company unter Preis und das ist scheiß.
Dear Northgate Minerals Corporation E-mail Alert Subscribers,
Northgate Minerals Corporation has added a new press release to its web site. For full details please visit the Northgate web site at:
Northgate Minerals Intersects 5.44 Grams per Tonne Gold over 54.0 Metres at Young-Davidson
Exploration Success Continues on Both Flanks of Existing Young-Davidson Reserve
VANCOUVER, Oct. 4, 2011 /CNW/ -
Northgate Minerals Corporation (TSX: NGX) (NYSE Amex: NXG) is pleased to announce assay results recently received from four diamond drill holes completed at Young-Davidson. Two of these holes were drilled in the YD West zone, where a new Indicated and Inferred Resource estimate of 536,000 and 53,000 ounces, respectively, was recently announced1. Drill results from these two holes (approximate widths of 30 metres ("m")), have enlarged this zone with a higher average grade than the main Young-Davidson deposit. The other two holes have slightly expanded the Upper Boundary Zone reserve ("UBZ") and highlight the potential of a new footwall zone, the YMX Footwall, that may provide another underground mining front on the property.
YD West Highlights
Following on the new resource estimate at the YD West zone1, there are two additional holes for which assay results are now available:
Hole YD11-244, drilled south to north, returned an intersected width of 54.0 m grading 5.44 grams per tonne ("g/t") gold, including 48.3 m grading 5.99 g/t.
Hole YD11-243A, an oblique hole completed in the upper portion of the YD West zone, returned 2.68 g/t over 31.2 m east of a post mineral dyke and 4.60 g/t gold over 39.2 m west of the same dyke. The average of these intersections with the dyke removed is 3.75 g/t gold over 70.4 m.
Two diamond drills continue to explore in the YD West zone.
It is expected that the results from these two holes will positively impact the recently announced YD West resource when it is updated at the end of the year.
Underground Exploration Highlights
Underground exploration drilling initiated in mid-2011 focused on the down dip extension of the UBZ and other targets to the east of the existing Young-Davidson reserve. This drilling was conducted from an underground access located 150 m in the footwall and beneath the target UBZ. While the intent was to step-out down dip from the UBZ, the first hole flattened excessively, intersecting the lower section of the UBZ reserve.
Hole YMX11-01 returned 3.07 g/t gold over 54.2 m, including 3.31 g/t gold over 45.3 m in the UBZ, indicating the zone at this location is up to 30 m wider than previously modeled.
Hole YMX11-02 confirmed that the UBZ has a depth extent as modeled in the reserve and does not continue below the 9550 m elevation.
YMX Footwall Zone
A benefit of drilling YMX holes from underground in a north to south orientation (i.e. from the footwall side of the existing deposit, as opposed to from the hanging wall side where almost all of the previous surface-based exploration drilling took place) is that the footwall of the currently known Young-Davidson deposit becomes better explored. In this instance, a potentially significant zone of continuous mineralization (YMX Footwall), which was previously interpreted as only isolated intersections, has been identified.
Hole YMX11-01 also returned 3.53 g/t gold over 12.0 m in the YMX Footwall.
Hole YMX11-02, drilled approximately 50 m down dip from the first hole, returned 5.89 g/t over 16.1 m in the YMX Footwall.
These two new holes, in conjunction with six historic intercepts, suggest the YMX Footwall zone is a continuous area of mineralization with a thickness of approximately 10 m and an east-west strike length of up to 250 m with a similar vertical extent up and down dip.
The potential new zone, which is not yet included in resources or reserves on the property, is located approximately 75 m north of and parallel to one of the main reserve areas of the 2.8 million ounce Young-Davidson reserve2.
Given its close proximity to current mine development, its near vertical orientation, its grade and thickness, the YMX Footwall zone has the potential to provide another underground mining front for the Young-Davidson mine, which commences production in 2012.
"Our exploration program at Young-Davidson continues to yield exceptional results," commented Richard Hall, President and CEO of Northgate. "The two new results from YD West bolster the recently released resource, while the YMX Footwall zone could become our second new gold resource area identified outside of current reserves at Young-Davidson in the past 14 months.
The close proximity of the YMX Footwall to our existing mine infrastructure means the zone has the potential to provide an additional underground mining front to feed the Young-Davidson mill, which has the capacity to process substantially more than the 6,000 tonnes per day that was outlined in the Feasibility Study. The exciting results from the YMX Footwall, combined with the nearly 600,000 ounces recently reported at YD West, mean that we could realize an additional one million ounces of resources on the property from our 2011 drill program."
Overview of Young-Davidson Exploration Area
YD West Diamond Drill Program
Additional drilling on the YD West zone continues to return excellent results. Hole YD11-243A, an oblique hole, was designed to test the orientation of the post mineral dykes as well as the zone itself, and hole YD11-244 was drilled in a conventional direction from south to north to test the zone. Geologic contact information for both holes were used to constrain the dyke model in the YD West resource estimate; however, assay results were pending at the time of the release so were not used in the resource estimate. Two diamond drills continue to test the limits of the YD West zone, which contains an Indicated and Inferred Resource of 536,000 and 53,000 ounces, respectively.
Underground Diamond Drill Program
The purpose of the 2011 underground diamond drill program was to test if the main UBZ reserve extended further down dip and to explore other targets to the east of the main Young-Davidson reserve. The drilling reported herein indicates that while the main UBZ reserve does not extend much further down dip, the zone is considerably wider at depth than the 2008 interpretation (see Figure 2).
Both holes YMX11-01 and 02 were drilled from new underground mine workings from the footwall side of the deposit towards the hanging wall. Previous holes from surface were drilled from the hanging wall towards the footwall and most holes stopped once they exited the primary UBZ and, as such, did not encounter any mineralization in the footwall.
The database for the 2008 resource estimate included six holes in this area that had gold bearing intervals in the footwall; however, their continuity was unknown, so they were not modeled as resource. Holes YMX11-01 and 02 confirm the potential that a mineable resource may be present between the new mine development work and the UBZ. Follow-up drilling will be performed as part of the underground delineation drilling program.
Figure 1: Young Davidson Longitudinal Section (looking north)
" target="_blank" rel="nofollow ugc noopener">
Figure 1 illustrates a longitudinal view with the location of drill holes 243A and 244 within the YD West zone and holes YMX11-01 and 02 within the YMX Footwall.
Figure 2: Cross Section 23680mE
" target="_blank" rel="nofollow ugc noopener">
Figure 2 presents a geologic sectional view (north-south vertical slice) on easting 23680mE. The main UBZ and its potentially en echelon, or stepping, YMX Footwall zone are presented on the section, as well as drill holes YMX11-01 and 02 and all historic drill holes within the 50 m window.
Figure 3 - YD West Zone-Longitudinal Section
Figure 3 presents a longitudinal section specific to the YD West Zone area. Highlighted in yellow are the YD11-243A intercepts on both the east and west side of a post mineral dyke.
Table 1: Assay Results from the YD West Zone
Hole ID-----From------To----Interval---Estimated---Gold Uncut-----Gold Cut
-------------(m)------m)------(m)--------True---------g/t-----------20 g/t
--------------------------------------Thickness(m)
YD11-243A----888.9-----907.0---18.1--------5.8--------1.0------------1.0
-------------930.5-----961.7---31.2-------10.0--------2.68-----------2.68
incl---------942.2-----961.7---19.5--------6.5--------3.62-----------3.62
------------1045.8----1085.0---39.2--------12.0-------4.60-----------4.60
YD11-244----1313.5----1367.5---54.0--------31.5-------5.44-----------4.56
------------1319.2----1367.5---48.3--------28.3-------5.99-----------5.01
------------1329.6----1350.5---20.9--------12.2------10.02-----------7.76
Table 1: Assay Results from the YMX Footwall Zone
Hole ID-----From------To----Interval---Estimated---Gold Uncut-----Gold Cut
-------------(m)------m)-----(m)---------True---------g/t-----------20 g/t
---------------------------------------Thickness(m)
YMX11-01------99.0-----110.0----12.0--------11.1--------3.53---------3.53
-------------177.3-----231.5----54.2--------51.1--------3.07---------3.07
incl.--------183.5-----231.5----48.0--------45.3--------3.31---------3.31
YMX11-02-----133.9-----150.0----16.1--------10.0--------5.89---------5.89
Table 3: Drill Collar Locations YD West Zone and YMX Footwall
Hole ID-----Mine------Mine-----Elevation----Azimuth----Dip----Depth (m)
---------Easting-----Northing------(m)
YMX11-01---23657------10527-------9692--------170----**-30------315
YMX11-02---23657------10527-------9692--------170----**-45------387
YD11-243A--22853------10255------10333--------285----**-72-----1368
YD11-244---22441-------9843------10382--------351----**-72-----1521
* * * * * * * * * * * * *
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 28, 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. Mr. Edmunds is a member of the Association of Professional Engineers, Geologists and Geophysicists of British Columbia and a member of the Association of Professional Geoscientists of Ontario and has 23 years of experience in mineral resource estimation.
* * * * * * * * * * * * * * * * * * * * * * * * *
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 the Americas and Australia. Northgate currently owns and operates the Fosterville and Stawell gold mines in Victoria Australia, and is building the Young-Davidson gold mine in northern Ontario, which is scheduled to commence production in 2012.
* * * * * * *
n Canada).
1 See press release dated September 15, 2011
2 See press release dated January 25, 2010
Click here to view a list of Press Releases from Northgate Minerals Corporation.
To unsubscribe, visit the Email Alerts page on the Northgate Minerals Corporation website.
Dear Northgate Minerals Corporation E-mail Alert Subscribers,
Northgate Minerals Corporation has added a new press release to its web site. For full details please visit the Northgate web site at:
Northgate Minerals Intersects 5.44 Grams per Tonne Gold over 54.0 Metres at Young-Davidson
Exploration Success Continues on Both Flanks of Existing Young-Davidson Reserve
VANCOUVER, Oct. 4, 2011 /CNW/ -
Northgate Minerals Corporation (TSX: NGX) (NYSE Amex: NXG) is pleased to announce assay results recently received from four diamond drill holes completed at Young-Davidson. Two of these holes were drilled in the YD West zone, where a new Indicated and Inferred Resource estimate of 536,000 and 53,000 ounces, respectively, was recently announced1. Drill results from these two holes (approximate widths of 30 metres ("m")), have enlarged this zone with a higher average grade than the main Young-Davidson deposit. The other two holes have slightly expanded the Upper Boundary Zone reserve ("UBZ") and highlight the potential of a new footwall zone, the YMX Footwall, that may provide another underground mining front on the property.
YD West Highlights
Following on the new resource estimate at the YD West zone1, there are two additional holes for which assay results are now available:
Hole YD11-244, drilled south to north, returned an intersected width of 54.0 m grading 5.44 grams per tonne ("g/t") gold, including 48.3 m grading 5.99 g/t.
Hole YD11-243A, an oblique hole completed in the upper portion of the YD West zone, returned 2.68 g/t over 31.2 m east of a post mineral dyke and 4.60 g/t gold over 39.2 m west of the same dyke. The average of these intersections with the dyke removed is 3.75 g/t gold over 70.4 m.
Two diamond drills continue to explore in the YD West zone.
It is expected that the results from these two holes will positively impact the recently announced YD West resource when it is updated at the end of the year.
Underground Exploration Highlights
Underground exploration drilling initiated in mid-2011 focused on the down dip extension of the UBZ and other targets to the east of the existing Young-Davidson reserve. This drilling was conducted from an underground access located 150 m in the footwall and beneath the target UBZ. While the intent was to step-out down dip from the UBZ, the first hole flattened excessively, intersecting the lower section of the UBZ reserve.
Hole YMX11-01 returned 3.07 g/t gold over 54.2 m, including 3.31 g/t gold over 45.3 m in the UBZ, indicating the zone at this location is up to 30 m wider than previously modeled.
Hole YMX11-02 confirmed that the UBZ has a depth extent as modeled in the reserve and does not continue below the 9550 m elevation.
YMX Footwall Zone
A benefit of drilling YMX holes from underground in a north to south orientation (i.e. from the footwall side of the existing deposit, as opposed to from the hanging wall side where almost all of the previous surface-based exploration drilling took place) is that the footwall of the currently known Young-Davidson deposit becomes better explored. In this instance, a potentially significant zone of continuous mineralization (YMX Footwall), which was previously interpreted as only isolated intersections, has been identified.
Hole YMX11-01 also returned 3.53 g/t gold over 12.0 m in the YMX Footwall.
Hole YMX11-02, drilled approximately 50 m down dip from the first hole, returned 5.89 g/t over 16.1 m in the YMX Footwall.
These two new holes, in conjunction with six historic intercepts, suggest the YMX Footwall zone is a continuous area of mineralization with a thickness of approximately 10 m and an east-west strike length of up to 250 m with a similar vertical extent up and down dip.
The potential new zone, which is not yet included in resources or reserves on the property, is located approximately 75 m north of and parallel to one of the main reserve areas of the 2.8 million ounce Young-Davidson reserve2.
Given its close proximity to current mine development, its near vertical orientation, its grade and thickness, the YMX Footwall zone has the potential to provide another underground mining front for the Young-Davidson mine, which commences production in 2012.
"Our exploration program at Young-Davidson continues to yield exceptional results," commented Richard Hall, President and CEO of Northgate. "The two new results from YD West bolster the recently released resource, while the YMX Footwall zone could become our second new gold resource area identified outside of current reserves at Young-Davidson in the past 14 months.
The close proximity of the YMX Footwall to our existing mine infrastructure means the zone has the potential to provide an additional underground mining front to feed the Young-Davidson mill, which has the capacity to process substantially more than the 6,000 tonnes per day that was outlined in the Feasibility Study. The exciting results from the YMX Footwall, combined with the nearly 600,000 ounces recently reported at YD West, mean that we could realize an additional one million ounces of resources on the property from our 2011 drill program."
Overview of Young-Davidson Exploration Area
YD West Diamond Drill Program
Additional drilling on the YD West zone continues to return excellent results. Hole YD11-243A, an oblique hole, was designed to test the orientation of the post mineral dykes as well as the zone itself, and hole YD11-244 was drilled in a conventional direction from south to north to test the zone. Geologic contact information for both holes were used to constrain the dyke model in the YD West resource estimate; however, assay results were pending at the time of the release so were not used in the resource estimate. Two diamond drills continue to test the limits of the YD West zone, which contains an Indicated and Inferred Resource of 536,000 and 53,000 ounces, respectively.
Underground Diamond Drill Program
The purpose of the 2011 underground diamond drill program was to test if the main UBZ reserve extended further down dip and to explore other targets to the east of the main Young-Davidson reserve. The drilling reported herein indicates that while the main UBZ reserve does not extend much further down dip, the zone is considerably wider at depth than the 2008 interpretation (see Figure 2).
Both holes YMX11-01 and 02 were drilled from new underground mine workings from the footwall side of the deposit towards the hanging wall. Previous holes from surface were drilled from the hanging wall towards the footwall and most holes stopped once they exited the primary UBZ and, as such, did not encounter any mineralization in the footwall.
The database for the 2008 resource estimate included six holes in this area that had gold bearing intervals in the footwall; however, their continuity was unknown, so they were not modeled as resource. Holes YMX11-01 and 02 confirm the potential that a mineable resource may be present between the new mine development work and the UBZ. Follow-up drilling will be performed as part of the underground delineation drilling program.
Figure 1: Young Davidson Longitudinal Section (looking north)
" target="_blank" rel="nofollow ugc noopener">
Figure 1 illustrates a longitudinal view with the location of drill holes 243A and 244 within the YD West zone and holes YMX11-01 and 02 within the YMX Footwall.
Figure 2: Cross Section 23680mE
" target="_blank" rel="nofollow ugc noopener">
Figure 2 presents a geologic sectional view (north-south vertical slice) on easting 23680mE. The main UBZ and its potentially en echelon, or stepping, YMX Footwall zone are presented on the section, as well as drill holes YMX11-01 and 02 and all historic drill holes within the 50 m window.
Figure 3 - YD West Zone-Longitudinal Section
Figure 3 presents a longitudinal section specific to the YD West Zone area. Highlighted in yellow are the YD11-243A intercepts on both the east and west side of a post mineral dyke.
Table 1: Assay Results from the YD West Zone
Hole ID-----From------To----Interval---Estimated---Gold Uncut-----Gold Cut
-------------(m)------m)------(m)--------True---------g/t-----------20 g/t
--------------------------------------Thickness(m)
YD11-243A----888.9-----907.0---18.1--------5.8--------1.0------------1.0
-------------930.5-----961.7---31.2-------10.0--------2.68-----------2.68
incl---------942.2-----961.7---19.5--------6.5--------3.62-----------3.62
------------1045.8----1085.0---39.2--------12.0-------4.60-----------4.60
YD11-244----1313.5----1367.5---54.0--------31.5-------5.44-----------4.56
------------1319.2----1367.5---48.3--------28.3-------5.99-----------5.01
------------1329.6----1350.5---20.9--------12.2------10.02-----------7.76
Table 1: Assay Results from the YMX Footwall Zone
Hole ID-----From------To----Interval---Estimated---Gold Uncut-----Gold Cut
-------------(m)------m)-----(m)---------True---------g/t-----------20 g/t
---------------------------------------Thickness(m)
YMX11-01------99.0-----110.0----12.0--------11.1--------3.53---------3.53
-------------177.3-----231.5----54.2--------51.1--------3.07---------3.07
incl.--------183.5-----231.5----48.0--------45.3--------3.31---------3.31
YMX11-02-----133.9-----150.0----16.1--------10.0--------5.89---------5.89
Table 3: Drill Collar Locations YD West Zone and YMX Footwall
Hole ID-----Mine------Mine-----Elevation----Azimuth----Dip----Depth (m)
---------Easting-----Northing------(m)
YMX11-01---23657------10527-------9692--------170----**-30------315
YMX11-02---23657------10527-------9692--------170----**-45------387
YD11-243A--22853------10255------10333--------285----**-72-----1368
YD11-244---22441-------9843------10382--------351----**-72-----1521
* * * * * * * * * * * * *
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 28, 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. Mr. Edmunds is a member of the Association of Professional Engineers, Geologists and Geophysicists of British Columbia and a member of the Association of Professional Geoscientists of Ontario and has 23 years of experience in mineral resource estimation.
* * * * * * * * * * * * * * * * * * * * * * * * *
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 the Americas and Australia. Northgate currently owns and operates the Fosterville and Stawell gold mines in Victoria Australia, and is building the Young-Davidson gold mine in northern Ontario, which is scheduled to commence production in 2012.
* * * * * * *
n Canada).
1 See press release dated September 15, 2011
2 See press release dated January 25, 2010
Click here to view a list of Press Releases from Northgate Minerals Corporation.
To unsubscribe, visit the Email Alerts page on the Northgate Minerals Corporation website.
Antwort auf Beitrag Nr.: 42.175.536 von boersentrader02 am 05.10.11 22:27:23Eine Kurzfassung hier vom Minenportal.
Northgate Minerals Corp.: 5,44 g/t Gold über 54 m bei Young-Davidson
Northgate Minerals Corporation veröffentlichte gestern die Ergebnisse von vier jüngst abgeschlossenen Diamantbohrlöchern bei Young-Davidson. Zwei der Bohrlöcher wurden in der YD-West-Zone gebohrt. Für die Zone wurde kürzlich eine angezeigte Ressource von 536.000 oz und eine abgeleitete Ressource von 53.000 oz Gold bekannt gegeben. Die beiden Bohrlöcher haben diese Zone mit höheren durchschnittlichen Gehalten als die Young-Davidson-Hauptlagerstätte erweitert.
Die Bohrungen bei YD-West lieferten:
• Bohrloch YD11-244: 54,0 m mit 5,44 g/t Gold; darin 48,3 m mit 5,99 g/t
• Bohrloch YD11-243A: 2,68 g/t über 31,2 m und 4,60 g/t Gold über 39,2 m
Die beiden anderen Bohrlöcher haben die Reserve der Upper-Boundary-Zone leicht erweitert. Das Bohrloch YMX11-01 schnitt 3,07 g/t Gold über 54,2 m und darin 3,31 g/t Gold über 45,3 m.
© Redaktion MinenPortal.de
http://www.minenportal.de/artikel.php?sid=17295
Northgate Minerals Corp.: 5,44 g/t Gold über 54 m bei Young-Davidson
Northgate Minerals Corporation veröffentlichte gestern die Ergebnisse von vier jüngst abgeschlossenen Diamantbohrlöchern bei Young-Davidson. Zwei der Bohrlöcher wurden in der YD-West-Zone gebohrt. Für die Zone wurde kürzlich eine angezeigte Ressource von 536.000 oz und eine abgeleitete Ressource von 53.000 oz Gold bekannt gegeben. Die beiden Bohrlöcher haben diese Zone mit höheren durchschnittlichen Gehalten als die Young-Davidson-Hauptlagerstätte erweitert.
Die Bohrungen bei YD-West lieferten:
• Bohrloch YD11-244: 54,0 m mit 5,44 g/t Gold; darin 48,3 m mit 5,99 g/t
• Bohrloch YD11-243A: 2,68 g/t über 31,2 m und 4,60 g/t Gold über 39,2 m
Die beiden anderen Bohrlöcher haben die Reserve der Upper-Boundary-Zone leicht erweitert. Das Bohrloch YMX11-01 schnitt 3,07 g/t Gold über 54,2 m und darin 3,31 g/t Gold über 45,3 m.
© Redaktion MinenPortal.de
http://www.minenportal.de/artikel.php?sid=17295
Ich ziehe jedenfalls meinen Hut für Herrn Prof. Schatzschneider und wünsche ihm den Erfolg der ihm und seinen Mitstreitern auch zur Rettung der deutschen Allgemeinheit, gebührt.
Ich hoffe, das es vielleicht so kommen wird, dass das Volk letzendlich für eine neue Verfassung der "Bundesstaaten von Europa" gefragt werden muß.
Und was das bedeutet ist doch wohl klar, die politische Führung. zumindest der Deutschen, wird ihren Machtanspruch verlieren.
Und das ist meine Meinung.
Etwas besseres als dieses zur Zeit existierende politische Chaos zu beenden kann uns garnicht passieren. Wir können uns immer wieder ein neues Parlament bzw. auch eine neue Regierung neu wählen, oder ?
Nach meinem dafürhalten hoffe ich auch, das Northgate bis dahin auf einem anderen, natürlich höheren Kursniveau steht.
Hier das Interview:
http://www.rottmeyer.de/karl-albrecht-schachtschneider-die-f…
Karl Albrecht Schachtschneider: Die Fackel des Rechts tragen
Oktober 05, 2011by Frank MeyerKommentare
von Frank Meyer
“Eurokritiker” und “Euroskeptiker” sind keine Berufsbezeichnungen. Karl Albrecht Schachtschneider ist Jurist und Mathematiker. Als Anhänger von Immanuel Kant fühlt er sich dem Recht und seiner Durchsetzung verpflichtet. Am Rande einer Veranstaltung in Walsrode war es mir eine außerordentliche Freude, mit ihm ein Gespräch zu führen…
Karl A. Schachtschneider und seine Kollegen haben gegen die für sie undemokratischen Umtriebigkeiten in der Europäischen Union geklagt, zuletzt gegen die Rettungsmaßnahmen für überschuldete Länder. Und er wird wieder klagen, wenn der ESM-Vertrag in Position gebracht wird. Das hat er schon mal verraten. Alles Weitere im folgenden Interview…
Karl Albrecht Schachtschneider. "Die Fackel des Rechts tragen" (21:42)
Ich hoffe, das es vielleicht so kommen wird, dass das Volk letzendlich für eine neue Verfassung der "Bundesstaaten von Europa" gefragt werden muß.
Und was das bedeutet ist doch wohl klar, die politische Führung. zumindest der Deutschen, wird ihren Machtanspruch verlieren.
Und das ist meine Meinung.
Etwas besseres als dieses zur Zeit existierende politische Chaos zu beenden kann uns garnicht passieren. Wir können uns immer wieder ein neues Parlament bzw. auch eine neue Regierung neu wählen, oder ?
Nach meinem dafürhalten hoffe ich auch, das Northgate bis dahin auf einem anderen, natürlich höheren Kursniveau steht.
Hier das Interview:
http://www.rottmeyer.de/karl-albrecht-schachtschneider-die-f…
Karl Albrecht Schachtschneider: Die Fackel des Rechts tragen
Oktober 05, 2011by Frank MeyerKommentare
von Frank Meyer
“Eurokritiker” und “Euroskeptiker” sind keine Berufsbezeichnungen. Karl Albrecht Schachtschneider ist Jurist und Mathematiker. Als Anhänger von Immanuel Kant fühlt er sich dem Recht und seiner Durchsetzung verpflichtet. Am Rande einer Veranstaltung in Walsrode war es mir eine außerordentliche Freude, mit ihm ein Gespräch zu führen…
Karl A. Schachtschneider und seine Kollegen haben gegen die für sie undemokratischen Umtriebigkeiten in der Europäischen Union geklagt, zuletzt gegen die Rettungsmaßnahmen für überschuldete Länder. Und er wird wieder klagen, wenn der ESM-Vertrag in Position gebracht wird. Das hat er schon mal verraten. Alles Weitere im folgenden Interview…
Karl Albrecht Schachtschneider. "Die Fackel des Rechts tragen" (21:42)
Das darf doch wohl nicht wahr sein ? Sollte das doch stimmen, wird NXG bestimmt in den nächsten Wochen bzw. Monaten doch noch zu höheren Kursen kommen ?
Wenn man dieses liest bekommen die Bankster und Verunsicherer scheinbar doch nichts von dem Geld der EU, oder ?
Ob das dann nicht doch noch gut für die (alle) Edelmetalle ist ?
Vorsicht Plünderer: Pleite-Griechen kaufen mit Geld aus dem nächsten EU-Rettungsschirm 400 Kampfpanzer
Udo Ulfkotte
Sitzen Sie gut? Die Athener Regierung fühlt sich wegen der Sparmaßnahmen zunehmend vom eigenen Volk bedroht. Und jetzt kauft sie amerikanische Kampfpanzer. Ein Scherz? Nein, keineswegs.
http://info.kopp-verlag.de/hintergruende/europa/udo-ulfkotte…
Wenn man dieses liest bekommen die Bankster und Verunsicherer scheinbar doch nichts von dem Geld der EU, oder ?
Ob das dann nicht doch noch gut für die (alle) Edelmetalle ist ?
Vorsicht Plünderer: Pleite-Griechen kaufen mit Geld aus dem nächsten EU-Rettungsschirm 400 Kampfpanzer
Udo Ulfkotte
Sitzen Sie gut? Die Athener Regierung fühlt sich wegen der Sparmaßnahmen zunehmend vom eigenen Volk bedroht. Und jetzt kauft sie amerikanische Kampfpanzer. Ein Scherz? Nein, keineswegs.
http://info.kopp-verlag.de/hintergruende/europa/udo-ulfkotte…
Es wird spannend mit Northgate. Ich hätte nicht gedacht das es so werden konnte.
Aber so ist es leider immer, wird eine Company übernommen heißt es nicht das es sofort zu hohen Kursen kommen wird. m
Warten wir ab, wie es AuRico demnächst anpackt um den eigenen Kurss nach oben zu ttreiben. Denn wir profitieren ja nur von steigenden Kursen bei AuRico.
Und wenn AuRico, einschließlich der übernommenen NXG-Minen, ab dem Jahr 2013 oder 2014 über 700k Goldunzen produzieren wird muss der Kurs doch einfach in anderen Regionen, das heißt zu höheren Kursen kommen.
Ich will nicht hoffen das es zu einem Szenario kommen wird, wie der Autor es unten leider auch beschreibt. Hoffentlich nicht.
Northgate Minerals - So sieht ein bullischer Move, doch nun …
Doch nun muss es sich erst einmal bestätigen. Mit sichtlicher Verzögerung und dennoch entgegen der angenommenen Tendenz entwickelte sich der Aktienkurs der kanadischen Minenunternehmens Northgate Minerals Corp. So vollzog die Aktie im Hinblick zur vergangenen Analyse vom 14. März noch bis in den Juli hinein eine Seitwärtsentwicklung mitsamt Betätigung des Unterstützungsbereichs von rund 2,40 USD. Anschließend startete der getitelte bullische Move und hob die Aktie über das Widerstandsniveau von 3,20 USD. Diesem Ausbruch folgend stieg die Aktie bis zum Niveau von 4,42 USD um seither zu korrigieren. Aktuell testet die Aktie den gebrochenen Widerstand - eine spannende Situation. Mehr dazu im Fazit.
Quelle Charts: Tradesignal Web Edition
Quelle Charts: StockCharts.com
Fazit:
Die Aktie Northgate Aktie sollte jetzt, insbesondere um das stimmige Bild nach dem Ausbruch nicht zu zerstören, das aktuell erreichte Widerstandsniveau um 3,20 USD testen und idealerweise von diesem nach oben Abprallen. Gelingt dies, sollte ein anschließender Rücklauf bis 4,00 und darüber bis zum letzten Zwischenhoch von 4,42 USD erfolgen können. Im Anschluss wäre eine Attacke bis zum Hoch aus 2006 bei 4,82 USD wohl reine Formsache. Darüber wären mittelfristige Kurssteigerungen bis in den 6,00-USD-Bereich möglich.
Kippt die Aktie andernfalls jedoch deutlicher unter 3,20 USD zurück, würde nur noch der gleitenden 200-Tage-Durchschnitt (SMA - aktuell bei 3,00 USD) weitere Abgaben verhindern können. Unterhalb von davon wären nämlich vielmehr weiter Rücksetzer bis wenigstens zum Unterstützungsbereich von 2,40 USD zu erwarten. Unterschreitet die Aktie diesen Bereich, müssten anhaltende Kursverluste bis 2,10 einkalkuliert werden. Unterhalb von 2,10 USD rücken gar Kurse im Bereich von 1,27 USD auf die Agenda.
Quelle Charts: Tradesignal Web Edition
Long Szenario:
Bestätigt die Aktie das aktuell erreichte Niveau um 3,20 USD und prallte dynamisch nach oben ab, wären weitere Zugewinne bis 4,00 und darüber bis zum letzten Zwischenhoch bei 4,42 USD zu erwarten. Bleibt die bullische Triebkraft überdies intakt, könnten oberhalb von 4,42 USD weitere Kursavancen bis zum Hoch aus 2006 bei 4,82 USD erfolgen. Darüber wäre grundsätzlich weiteres Potenzial zum 6,00-USD-Bereich gegeben.
Short Szenario:
Setzt sich die jüngste Kursschwäche weiter fort, sollte die Aktie unterhalb von 3,20 USD den gleitenden 200-Tage-Durchschnitt bei aktuell exakt 3,00 USD durchbrechen und somit weiter Abgaben bis circa 2,40 USD in Aussicht stellen. Darunter wären dann weitere Rückschläge bis in den Bereich von 2,10 USD zu berücksichtigen, bevor insbesondere unterhalb von 2,10 USD mittelfristige Abgaben bis ca. 1,27 USD eingeplant werden müssten.
© Christian Kämmerer
Technischer Analyst bei BörseGo/GodmodeTrader
Offenlegung gemäß § 34b WpHG wegen möglicher Interessenkonflikte: Der Autor ist in den besprochenen Wertpapieren bzw. Basiswerten derzeit nicht investiert.
http://www.minenportal.de/artikel.php?sid=17338
Aber so ist es leider immer, wird eine Company übernommen heißt es nicht das es sofort zu hohen Kursen kommen wird. m
Warten wir ab, wie es AuRico demnächst anpackt um den eigenen Kurss nach oben zu ttreiben. Denn wir profitieren ja nur von steigenden Kursen bei AuRico.
Und wenn AuRico, einschließlich der übernommenen NXG-Minen, ab dem Jahr 2013 oder 2014 über 700k Goldunzen produzieren wird muss der Kurs doch einfach in anderen Regionen, das heißt zu höheren Kursen kommen.
Ich will nicht hoffen das es zu einem Szenario kommen wird, wie der Autor es unten leider auch beschreibt. Hoffentlich nicht.
Northgate Minerals - So sieht ein bullischer Move, doch nun …
Doch nun muss es sich erst einmal bestätigen. Mit sichtlicher Verzögerung und dennoch entgegen der angenommenen Tendenz entwickelte sich der Aktienkurs der kanadischen Minenunternehmens Northgate Minerals Corp. So vollzog die Aktie im Hinblick zur vergangenen Analyse vom 14. März noch bis in den Juli hinein eine Seitwärtsentwicklung mitsamt Betätigung des Unterstützungsbereichs von rund 2,40 USD. Anschließend startete der getitelte bullische Move und hob die Aktie über das Widerstandsniveau von 3,20 USD. Diesem Ausbruch folgend stieg die Aktie bis zum Niveau von 4,42 USD um seither zu korrigieren. Aktuell testet die Aktie den gebrochenen Widerstand - eine spannende Situation. Mehr dazu im Fazit.
Quelle Charts: Tradesignal Web Edition
Quelle Charts: StockCharts.com
Fazit:
Die Aktie Northgate Aktie sollte jetzt, insbesondere um das stimmige Bild nach dem Ausbruch nicht zu zerstören, das aktuell erreichte Widerstandsniveau um 3,20 USD testen und idealerweise von diesem nach oben Abprallen. Gelingt dies, sollte ein anschließender Rücklauf bis 4,00 und darüber bis zum letzten Zwischenhoch von 4,42 USD erfolgen können. Im Anschluss wäre eine Attacke bis zum Hoch aus 2006 bei 4,82 USD wohl reine Formsache. Darüber wären mittelfristige Kurssteigerungen bis in den 6,00-USD-Bereich möglich.
Kippt die Aktie andernfalls jedoch deutlicher unter 3,20 USD zurück, würde nur noch der gleitenden 200-Tage-Durchschnitt (SMA - aktuell bei 3,00 USD) weitere Abgaben verhindern können. Unterhalb von davon wären nämlich vielmehr weiter Rücksetzer bis wenigstens zum Unterstützungsbereich von 2,40 USD zu erwarten. Unterschreitet die Aktie diesen Bereich, müssten anhaltende Kursverluste bis 2,10 einkalkuliert werden. Unterhalb von 2,10 USD rücken gar Kurse im Bereich von 1,27 USD auf die Agenda.
Quelle Charts: Tradesignal Web Edition
Long Szenario:
Bestätigt die Aktie das aktuell erreichte Niveau um 3,20 USD und prallte dynamisch nach oben ab, wären weitere Zugewinne bis 4,00 und darüber bis zum letzten Zwischenhoch bei 4,42 USD zu erwarten. Bleibt die bullische Triebkraft überdies intakt, könnten oberhalb von 4,42 USD weitere Kursavancen bis zum Hoch aus 2006 bei 4,82 USD erfolgen. Darüber wäre grundsätzlich weiteres Potenzial zum 6,00-USD-Bereich gegeben.
Short Szenario:
Setzt sich die jüngste Kursschwäche weiter fort, sollte die Aktie unterhalb von 3,20 USD den gleitenden 200-Tage-Durchschnitt bei aktuell exakt 3,00 USD durchbrechen und somit weiter Abgaben bis circa 2,40 USD in Aussicht stellen. Darunter wären dann weitere Rückschläge bis in den Bereich von 2,10 USD zu berücksichtigen, bevor insbesondere unterhalb von 2,10 USD mittelfristige Abgaben bis ca. 1,27 USD eingeplant werden müssten.
© Christian Kämmerer
Technischer Analyst bei BörseGo/GodmodeTrader
Offenlegung gemäß § 34b WpHG wegen möglicher Interessenkonflikte: Der Autor ist in den besprochenen Wertpapieren bzw. Basiswerten derzeit nicht investiert.
http://www.minenportal.de/artikel.php?sid=17338
Das Jahr 2011 ist ein Jahr des Übergangs, erst im nächsten jahr wenn die Mine Young Davidson und die Kemess Untertagemine mit der Förderung beginnen werden sehen wir die prognostizierten 400k Goldounzen alleine durch NXG. Ich sehe dann Kurse knapp an die 4 wenn nicht sogar an die 5 Euro, aber dann sind wir von Aurico bereits geschluckt, schade ist das und das zu solchen Kursen.
Northgate Minerals Reports Strong Third Quarter Production 10.11.2011
View Press Release (pdf) (PDF 222 KB)
Fosterville Gold Mine Achieves Second Consecutive Record Production Quarter
VANCOUVER, Oct. 11, 2011 /CNW/ -
(All figures in US dollars) - Northgate Minerals Corporation ("Northgate" or the "Company") (TSX: NGX) (NYSE Amex: NXG) is pleased to announce its third quarter 2011 operating results, highlighted by record gold production for the second consecutive quarter from its Fosterville mine.
Third Quarter 2011 Production Highlights
Total production for the quarter was 50,014 ounces of gold, which represents a 14% increase from the previous quarter.
++ The Fosterville mine achieved record production of 29,954 ounces of gold during the quarter.
++ The Stawell mine achieved improved production of 20,060 ounces of gold.
The average net cash cost for the quarter was $811 per ounce of gold, which was lower than guidance previously issued by the Company and represents a 14% decrease from the previous quarter.
The following table provides a summary of production results for Q3 2011:
Cash cost figures noted in US$-----------------Q3 2011
Fosterville
Gold Production (ounces)---------------------29,954
Net cash cost ($/ounce) 1)--------------------733
Stawell
Gold Production (ounces----------------------20,060
Net cash cost ($/ounce) 1)--------------------928
Total
Gold Production (ounces)---------------------50,014
Average Net cash cost ($/ounce) 1)----------- 811
1) The cash cost figures for Q3 2011 are unaudited estimates and subject to revision.
"Our Australian mines delivered strong results for the quarter, highlighted by another production record at Fosterville and lower than forecast cash costs at both mines," commented Richard Hall, Northgate's President & CEO.
"With continued strong performance forecast for the fourth quarter, we expect to meet our annual production guidance and, at current gold prices, to generate excellent free cash from our Australian operations for the second half of the year."
Timing for Release of Third Quarter 2011 Earnings Results
On August 29, 2011, AuRico and Northgate entered into an Arrangement Agreement pursuant to which, among other things, AuRico agreed to acquire all of the issued and outstanding common shares of Northgate in accordance with a Court-approved plan of arrangement (see Northgate press release dated August 29, 2011) upon fulfillment of certain conditions.
The transaction is subject to, among other things, receipt of approval from both AuRico and Northgate shareholders at their respective special meetings scheduled for October 24, 2011.
Pending these results and receipt of subsequent Court approval, the transaction is expected to close by the end of October, at which time Northgate will become a wholly-owned subsidiary of AuRico.
AuRico is scheduled to release its third quarter earnings before market opens on November 10, 2011. A conference call and webcast is scheduled to take place on the same day at 10:00 am ET. For more information, please visit AuRico's website at www.auricogold.com.
* * * * * * *
Northgate Minerals Corporation is a gold producer with mining operations, development projects and exploration properties in the Americas and Australia. Northgate currently owns and operates the Fosterville and Stawell gold mines in Victoria, Australia, and is building the Young-Davidson gold mine in northern Ontario, which is scheduled to commence production in 2012.
* * * * * * *
http://www.northgateminerals.com/news-and-media/press-releas…
Northgate Minerals Reports Strong Third Quarter Production 10.11.2011
View Press Release (pdf) (PDF 222 KB)
Fosterville Gold Mine Achieves Second Consecutive Record Production Quarter
VANCOUVER, Oct. 11, 2011 /CNW/ -
(All figures in US dollars) - Northgate Minerals Corporation ("Northgate" or the "Company") (TSX: NGX) (NYSE Amex: NXG) is pleased to announce its third quarter 2011 operating results, highlighted by record gold production for the second consecutive quarter from its Fosterville mine.
Third Quarter 2011 Production Highlights
Total production for the quarter was 50,014 ounces of gold, which represents a 14% increase from the previous quarter.
++ The Fosterville mine achieved record production of 29,954 ounces of gold during the quarter.
++ The Stawell mine achieved improved production of 20,060 ounces of gold.
The average net cash cost for the quarter was $811 per ounce of gold, which was lower than guidance previously issued by the Company and represents a 14% decrease from the previous quarter.
The following table provides a summary of production results for Q3 2011:
Cash cost figures noted in US$-----------------Q3 2011
Fosterville
Gold Production (ounces)---------------------29,954
Net cash cost ($/ounce) 1)--------------------733
Stawell
Gold Production (ounces----------------------20,060
Net cash cost ($/ounce) 1)--------------------928
Total
Gold Production (ounces)---------------------50,014
Average Net cash cost ($/ounce) 1)----------- 811
1) The cash cost figures for Q3 2011 are unaudited estimates and subject to revision.
"Our Australian mines delivered strong results for the quarter, highlighted by another production record at Fosterville and lower than forecast cash costs at both mines," commented Richard Hall, Northgate's President & CEO.
"With continued strong performance forecast for the fourth quarter, we expect to meet our annual production guidance and, at current gold prices, to generate excellent free cash from our Australian operations for the second half of the year."
Timing for Release of Third Quarter 2011 Earnings Results
On August 29, 2011, AuRico and Northgate entered into an Arrangement Agreement pursuant to which, among other things, AuRico agreed to acquire all of the issued and outstanding common shares of Northgate in accordance with a Court-approved plan of arrangement (see Northgate press release dated August 29, 2011) upon fulfillment of certain conditions.
The transaction is subject to, among other things, receipt of approval from both AuRico and Northgate shareholders at their respective special meetings scheduled for October 24, 2011.
Pending these results and receipt of subsequent Court approval, the transaction is expected to close by the end of October, at which time Northgate will become a wholly-owned subsidiary of AuRico.
AuRico is scheduled to release its third quarter earnings before market opens on November 10, 2011. A conference call and webcast is scheduled to take place on the same day at 10:00 am ET. For more information, please visit AuRico's website at www.auricogold.com.
* * * * * * *
Northgate Minerals Corporation is a gold producer with mining operations, development projects and exploration properties in the Americas and Australia. Northgate currently owns and operates the Fosterville and Stawell gold mines in Victoria, Australia, and is building the Young-Davidson gold mine in northern Ontario, which is scheduled to commence production in 2012.
* * * * * * *
http://www.northgateminerals.com/news-and-media/press-releas…
Jetzt warten wir schon auf die Zahlen von AuRico, die am 1011.2011 kommen, d. h. Northgate ist bereits schon Geschichte. Also drücken wir die Daumen, dass die Zahlen auch gut werden, damit AuRico wieder zu den Kursen zurück kommt, die sie vor der Übernahme von Northgate hatten.
Das wäre dann schon mal gutes.
AuRico Gold to Release Third Quarter Financial Results on November 10, 2011
TORONTO, Oct. 14, 2011 /CNW/ -
AuRico Gold Inc. (TSX:AUQ) (NYSE:AUQ), ("AuRico Gold") will release the Company's third quarter financial results for the three-month period ended September 30, 2011 before the market opens on Thursday, November 10, 2011. The financial statements will be available on the Company's website at www.auricogold.com or www.sedar.com.
A webcast and conference call will be held on Thursday, November 10, 2011 starting at 10:00 a.m. Eastern Time. Senior management will be on hand to discuss the results.
Conference Call Access:
• Canada & US Toll Free: 1-888-231-8191
• International & Toronto: 1-647-427-7450
When the Operator answers please ask to be placed into the AuRico Gold Third Quarter 2011 Results Conference Call.
Conference Call Webcast:
The conference call event will be broadcast live on the internet via webcast. To access the webcast please follow the link provided below:
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3697…
Das wäre dann schon mal gutes.
AuRico Gold to Release Third Quarter Financial Results on November 10, 2011
TORONTO, Oct. 14, 2011 /CNW/ -
AuRico Gold Inc. (TSX:AUQ) (NYSE:AUQ), ("AuRico Gold") will release the Company's third quarter financial results for the three-month period ended September 30, 2011 before the market opens on Thursday, November 10, 2011. The financial statements will be available on the Company's website at www.auricogold.com or www.sedar.com.
A webcast and conference call will be held on Thursday, November 10, 2011 starting at 10:00 a.m. Eastern Time. Senior management will be on hand to discuss the results.
Conference Call Access:
• Canada & US Toll Free: 1-888-231-8191
• International & Toronto: 1-647-427-7450
When the Operator answers please ask to be placed into the AuRico Gold Third Quarter 2011 Results Conference Call.
Conference Call Webcast:
The conference call event will be broadcast live on the internet via webcast. To access the webcast please follow the link provided below:
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3697…
Gerade habe ich den Termin für den 10.11.2011 eingestellt und schon heute sind die Zahlen sowohl für die 3 Monate des 3.Quartals 11 als auch die Zahlen für die letzten 9 Monate dieses Geschäfts-Jahres.
Den Zeilen nach ist ja zumindest eine Erhöhung der Edelmetall-Förderung als auch der verkaufserlöse.
Ich gehe davon aus, das wir in einem guten Unternehmen mit perspektive gelandet sind. Hoffentlich.
AuRico Gold Reports Strong Operational Results with a 42% Increase in Cash Position to $145 MillionGold equivalent production of 76,6301 ounces, a 68% increase over the same period in 2010
TORONTO, Oct. 13, 2011 /CNW/ - AuRico Gold Inc. (TSX:AUQ) (NYSE:AUQ), ("AuRico", "AuRico Gold" or "the Company") is pleased to announce preliminary results for the third quarter that includes increased production and operating cash flows resulting in a significantly enhanced quarter-end cash position.
During the third quarter the Company continued to deliver strong performance across the key operational and financial metrics including production, cash costs and operating cash flow, and reported a significantly increased quarter-end cash position of $145 million. The Company is well positioned for continued production growth from its three wholly-owned mines in Mexico and is scheduled this month to complete the strategic acquisition of Northgate Minerals Corporation ("Northgate"). This transaction has the potential to create a new leading intermediate gold producer.
AuRico remains on track to meet its 2011 operational guidance: 265,000 to 295,000 gold equivalent ounces, at cash costs of $445 to $475 per gold equivalent ounce (using the Company's long-term gold equivalent ratio of 55:1).
Third Quarter Highlights
Increased quarter-end cash balance by 42% to $145 million as compared to a cash balance of $102 million at the end of Q2 2011.
Revenues of $112 million, representing a 102% increase over Q3 2010.
Strong cash flow from operations of $51 million, a 63% increase over Q3 2010.
Strong production of 45,686 gold ounces and 1.4 million silver ounces, or 76,630 gold equivalent ounces using the actual gold equivalency ratio of 44:1 realized during the quarter, representing an increase of 68% over the same period in 2010, or 70,658 gold equivalent ounces using the Company's long-term gold equivalency ratio of 55:1, a 45% increase, or one of the best quarterly production results reported by the Company.
Sales of 40,779 gold ounces and 1.1 million silver ounces, or 65,429 gold equivalent ounces using the actual gold equivalency ratio of 44:1 realized during the quarter, or 60,650 gold equivalent ounces using the Company's long-term gold equivalency ratio of 55:1. At the end of the quarter, approximately 11,000 gold equivalent ounces produced remained in inventory in order to realize a more advantageous metal price in the current volatile metal price environment.
Strong cash cost performance. Using the gold equivalency ratio of 44:1 realized in the quarter, consolidated cash costs were $488 per gold equivalent ounce ($526 per gold equivalent ounce at the Company's long-term gold equivalency ratio of 55:1), which includes non-recurring commissioning costs related to the resumption of production at the El Cubo mine.
Announced the proposed acquisition of Northgate on August 29th. Upon completion of the transaction, which is scheduled to occur this month, the Company will be a new leading intermediate gold producer with significant growth potential. The key Northgate asset, the prospective Young-Davidson mine, is targeting production in Q1 2012 and is expected to be a cornerstone operation in AuRico's expanded asset base.
1. Using the gold equivalency ratio of 44:1 realized in the quarter
"Our production base expanded this quarter to include three operating mines contributing to our growing production profile with all three operations expected to deliver increased production in the fourth quarter and beyond. Ocampo has delivered another strong quarter, the expansion program at the El Chanate mine is well advanced and the El Cubo mine reported positive operating cash flow in its first quarter of production following resumption of operations. Our robust cash flow continued to fully fund our expansion and exploration programs and contributed to the increased quarter-end cash position of $145 million," stated René Marion, President and Chief Executive Officer. "During the quarter the Company also announced the proposed acquisition of Northgate.
This transformational acquisition will expand our resource inventory to over 19 million gold equivalent ounces and our asset base will be underpinned by two cornerstone operations, Ocampo and Young-Davidson, which alone have the potential to produce over 500,000 gold equivalent ounces at lowest quartile cash costs. We are particularly excited by the exploration potential at Young-Davidson, which is located in the Abitibi gold belt in Northern Ontario, the second largest gold belt in the world."
Ocampo Highlights
Consistent performance at the Northeast and Santa Eduviges underground mines averaged 1,939 tonnes per day in the quarter (2,011 tonnes per day in September).
At the Santa Eduviges underground mine, development continues vertically into the main deposit and in addition, development was initiated on the new Yatana and Veta Libre veins within the complex.
Mining from the Picacho open pit continues to ramp up and is expected to reach full production in the fourth quarter.
The Ocampo mill facility continued its strong performance and averaged 3,137 tonnes per day with gold and silver recoveries of 97% and 90%, respectively.
Engineering studies are underway to evaluate the economics associated with the commissioning of the existing shaft system immediately adjacent to the mill facility. The study will incorporate the favourable cost efficiencies and productivity enhancements attributable to hoisting ore from the Northeast underground mine, which would significantly reduce truck haulage to the processing facilities.
The Company continues to evaluate the development and commissioning of Level 2, a potential third underground mine exploiting recently delineated orebody extensions. A commissioning decision is expected by the end of Q1 2012.
Additional underground capacity would necessitate the potential evaluation of increasing the mill capacity beyond the current 3,200 tonnes per day.
El Chanate Highlights
At the end of the quarter, the initial phase of a 5-phase expansion program was near completion. Phase 1 of the program targets an average crushing and stacking rate of 18,000 tonnes per day with stacking rates in September averaging 17,314 tonnes per day (23% increase over Q1 2011 average of approximately 14,125 tonnes per day).
Phase 2 of the expansion program is well advanced with a target stacking and crushing rate of 21,000 tonnes per day. Crushing and stacking rates are expected to reach 21,000 tonnes per day by the end of Q1 2012.
Upgrades to the conveyor system are underway and expected to be completed in November.
A new stacker is now fully operational at the heap leach facility that will support the increased stacking rates.
At the end of the quarter the main water distribution pipeline to the heap leach pad was increased from an 8" to an 18" line to allow for adequate irrigation of additional stacked tonnage. Concurrently, two additional pumps were installed at the heap leach facility and a third is scheduled to be operational by the end of October.
With the increase in solution capacity, it will be possible to place more surface area under leach, including an estimated 1.33 million tonnes of ROM (Run of Mine) material placed in the past two quarters that in combination, is expected to result in increased metal production in the fourth quarter.
An additional ADR (Adsorption-Desorption-Recovery) plant is under construction and is expected to be completed in early January.
The decision to proceed with the final 3 phases of the expansion program, which have an ultimate target of 26,000 tonnes per day, will be made at the end of Q1 2012 upon the release of the Company's reserve and resource update.
The 2011 exploration program launched in April continues to deliver encouraging results. With two drills currently on-site, the objective of the 20,000 metre program is to increase in-pit reserves, add new reserves outside of the existing ultimate pit limit and identify new targets for follow-on drilling.
El Cubo Highlights
Processing El Cubo ores at the Las Torres mill resumed on July 23rd and production continues to ramp up to ultimate target levels of 1,800 tonnes per day of in-situ ore. During the quarter, the mill processing rate was ahead of schedule and averaged 1,752 tonnes per day at near historic metallurgical recoveries utilizing a smaller and more efficient work force than in previous years.
The ramp-up in production underground is progressing well, averaging 1,113 tonnes per day of in-situ ore, with September averaging 1,338 tonnes per day.
The conversion to long-hole mining continues to advance with four long-hole mining stopes currently in various stages of mining and development. Engineering studies indicate that up to 95% of production will come from long-hole mining (original target of 40%) by year end 2012. It is anticipated that the conversion to long-hole mining will result in improvements in productivity, dilution and costs, similar to those achieved at the Ocampo mine.
Of the 122,637 tonnes milled during the quarter, 51,563 tonnes were sourced from high cost stockpiles (established by early July) with the remainder from direct underground ore feed. Operating costs of $1,083 per gold equivalent ounce1 are estimated to be comprised of $872 per gold equivalent ounce1 direct mined and $1,385 per gold equivalent ounce1 from previously stockpiled material. It is anticipated that costs will continue to decrease over the coming quarters as the underground operations ramp up to full production and the contribution from longhole mining increases.
In mid-September, ramp development to the new Dolores-Capulin discovery and other key areas of the mine was accelerated.
1. Using the Company's long-term gold equivalency ratio of 55:1
Operational Results
http://www.cnxmarketlink.com/en/story/858347/aurico-gold-rep…
Den Zeilen nach ist ja zumindest eine Erhöhung der Edelmetall-Förderung als auch der verkaufserlöse.
Ich gehe davon aus, das wir in einem guten Unternehmen mit perspektive gelandet sind. Hoffentlich.
AuRico Gold Reports Strong Operational Results with a 42% Increase in Cash Position to $145 MillionGold equivalent production of 76,6301 ounces, a 68% increase over the same period in 2010
TORONTO, Oct. 13, 2011 /CNW/ - AuRico Gold Inc. (TSX:AUQ) (NYSE:AUQ), ("AuRico", "AuRico Gold" or "the Company") is pleased to announce preliminary results for the third quarter that includes increased production and operating cash flows resulting in a significantly enhanced quarter-end cash position.
During the third quarter the Company continued to deliver strong performance across the key operational and financial metrics including production, cash costs and operating cash flow, and reported a significantly increased quarter-end cash position of $145 million. The Company is well positioned for continued production growth from its three wholly-owned mines in Mexico and is scheduled this month to complete the strategic acquisition of Northgate Minerals Corporation ("Northgate"). This transaction has the potential to create a new leading intermediate gold producer.
AuRico remains on track to meet its 2011 operational guidance: 265,000 to 295,000 gold equivalent ounces, at cash costs of $445 to $475 per gold equivalent ounce (using the Company's long-term gold equivalent ratio of 55:1).
Third Quarter Highlights
Increased quarter-end cash balance by 42% to $145 million as compared to a cash balance of $102 million at the end of Q2 2011.
Revenues of $112 million, representing a 102% increase over Q3 2010.
Strong cash flow from operations of $51 million, a 63% increase over Q3 2010.
Strong production of 45,686 gold ounces and 1.4 million silver ounces, or 76,630 gold equivalent ounces using the actual gold equivalency ratio of 44:1 realized during the quarter, representing an increase of 68% over the same period in 2010, or 70,658 gold equivalent ounces using the Company's long-term gold equivalency ratio of 55:1, a 45% increase, or one of the best quarterly production results reported by the Company.
Sales of 40,779 gold ounces and 1.1 million silver ounces, or 65,429 gold equivalent ounces using the actual gold equivalency ratio of 44:1 realized during the quarter, or 60,650 gold equivalent ounces using the Company's long-term gold equivalency ratio of 55:1. At the end of the quarter, approximately 11,000 gold equivalent ounces produced remained in inventory in order to realize a more advantageous metal price in the current volatile metal price environment.
Strong cash cost performance. Using the gold equivalency ratio of 44:1 realized in the quarter, consolidated cash costs were $488 per gold equivalent ounce ($526 per gold equivalent ounce at the Company's long-term gold equivalency ratio of 55:1), which includes non-recurring commissioning costs related to the resumption of production at the El Cubo mine.
Announced the proposed acquisition of Northgate on August 29th. Upon completion of the transaction, which is scheduled to occur this month, the Company will be a new leading intermediate gold producer with significant growth potential. The key Northgate asset, the prospective Young-Davidson mine, is targeting production in Q1 2012 and is expected to be a cornerstone operation in AuRico's expanded asset base.
1. Using the gold equivalency ratio of 44:1 realized in the quarter
"Our production base expanded this quarter to include three operating mines contributing to our growing production profile with all three operations expected to deliver increased production in the fourth quarter and beyond. Ocampo has delivered another strong quarter, the expansion program at the El Chanate mine is well advanced and the El Cubo mine reported positive operating cash flow in its first quarter of production following resumption of operations. Our robust cash flow continued to fully fund our expansion and exploration programs and contributed to the increased quarter-end cash position of $145 million," stated René Marion, President and Chief Executive Officer. "During the quarter the Company also announced the proposed acquisition of Northgate.
This transformational acquisition will expand our resource inventory to over 19 million gold equivalent ounces and our asset base will be underpinned by two cornerstone operations, Ocampo and Young-Davidson, which alone have the potential to produce over 500,000 gold equivalent ounces at lowest quartile cash costs. We are particularly excited by the exploration potential at Young-Davidson, which is located in the Abitibi gold belt in Northern Ontario, the second largest gold belt in the world."
Ocampo Highlights
Consistent performance at the Northeast and Santa Eduviges underground mines averaged 1,939 tonnes per day in the quarter (2,011 tonnes per day in September).
At the Santa Eduviges underground mine, development continues vertically into the main deposit and in addition, development was initiated on the new Yatana and Veta Libre veins within the complex.
Mining from the Picacho open pit continues to ramp up and is expected to reach full production in the fourth quarter.
The Ocampo mill facility continued its strong performance and averaged 3,137 tonnes per day with gold and silver recoveries of 97% and 90%, respectively.
Engineering studies are underway to evaluate the economics associated with the commissioning of the existing shaft system immediately adjacent to the mill facility. The study will incorporate the favourable cost efficiencies and productivity enhancements attributable to hoisting ore from the Northeast underground mine, which would significantly reduce truck haulage to the processing facilities.
The Company continues to evaluate the development and commissioning of Level 2, a potential third underground mine exploiting recently delineated orebody extensions. A commissioning decision is expected by the end of Q1 2012.
Additional underground capacity would necessitate the potential evaluation of increasing the mill capacity beyond the current 3,200 tonnes per day.
El Chanate Highlights
At the end of the quarter, the initial phase of a 5-phase expansion program was near completion. Phase 1 of the program targets an average crushing and stacking rate of 18,000 tonnes per day with stacking rates in September averaging 17,314 tonnes per day (23% increase over Q1 2011 average of approximately 14,125 tonnes per day).
Phase 2 of the expansion program is well advanced with a target stacking and crushing rate of 21,000 tonnes per day. Crushing and stacking rates are expected to reach 21,000 tonnes per day by the end of Q1 2012.
Upgrades to the conveyor system are underway and expected to be completed in November.
A new stacker is now fully operational at the heap leach facility that will support the increased stacking rates.
At the end of the quarter the main water distribution pipeline to the heap leach pad was increased from an 8" to an 18" line to allow for adequate irrigation of additional stacked tonnage. Concurrently, two additional pumps were installed at the heap leach facility and a third is scheduled to be operational by the end of October.
With the increase in solution capacity, it will be possible to place more surface area under leach, including an estimated 1.33 million tonnes of ROM (Run of Mine) material placed in the past two quarters that in combination, is expected to result in increased metal production in the fourth quarter.
An additional ADR (Adsorption-Desorption-Recovery) plant is under construction and is expected to be completed in early January.
The decision to proceed with the final 3 phases of the expansion program, which have an ultimate target of 26,000 tonnes per day, will be made at the end of Q1 2012 upon the release of the Company's reserve and resource update.
The 2011 exploration program launched in April continues to deliver encouraging results. With two drills currently on-site, the objective of the 20,000 metre program is to increase in-pit reserves, add new reserves outside of the existing ultimate pit limit and identify new targets for follow-on drilling.
El Cubo Highlights
Processing El Cubo ores at the Las Torres mill resumed on July 23rd and production continues to ramp up to ultimate target levels of 1,800 tonnes per day of in-situ ore. During the quarter, the mill processing rate was ahead of schedule and averaged 1,752 tonnes per day at near historic metallurgical recoveries utilizing a smaller and more efficient work force than in previous years.
The ramp-up in production underground is progressing well, averaging 1,113 tonnes per day of in-situ ore, with September averaging 1,338 tonnes per day.
The conversion to long-hole mining continues to advance with four long-hole mining stopes currently in various stages of mining and development. Engineering studies indicate that up to 95% of production will come from long-hole mining (original target of 40%) by year end 2012. It is anticipated that the conversion to long-hole mining will result in improvements in productivity, dilution and costs, similar to those achieved at the Ocampo mine.
Of the 122,637 tonnes milled during the quarter, 51,563 tonnes were sourced from high cost stockpiles (established by early July) with the remainder from direct underground ore feed. Operating costs of $1,083 per gold equivalent ounce1 are estimated to be comprised of $872 per gold equivalent ounce1 direct mined and $1,385 per gold equivalent ounce1 from previously stockpiled material. It is anticipated that costs will continue to decrease over the coming quarters as the underground operations ramp up to full production and the contribution from longhole mining increases.
In mid-September, ramp development to the new Dolores-Capulin discovery and other key areas of the mine was accelerated.
1. Using the Company's long-term gold equivalency ratio of 55:1
Operational Results
http://www.cnxmarketlink.com/en/story/858347/aurico-gold-rep…
Hier ist eine Kurzfassung zu dem zuvor eingestelltem Bericht von AuRico in deutscher Sprache.
AuRico Gold steigert die Produktion des dritten Quartals um 68%
14. Oktober 2011 10:33
Zwei neue Minen in Betrieb
Der kanadische Goldproduzent AuRico Gold (WKN A1JBWL) meldet einen Anstieg der Produktion des dritten Quartals um 68%. Zwei neue Minen des Unternehmens in Mexiko sind in Betrieb gegangen.
Der Ausstoß kletterte auf 45.686 Unzen, von denen nach Angabe des Unternehmens 40,779 Unzen verkauft wurden. Die Silberproduktion stieg gleichzeitig um 16% auf 1,4 Mio. Unzen an. Davon wurden 1,1 Mio. Unzen verkauft. Insgesamt erzielte AuRico so einen Quartalsumsatz von 112 Mio. Dollar.
Im August hatte das Unternehmen ein Übernahmeangebot für Northgate Minerals (WKN 856029) in Höhe von 1,46 MRd. CAD abgegeben. Diese einvernehmliche Akquisition würde den Ausstoß von AuRico nahezu verdoppeln und die geographische Ausbreitung des Unternehmens deutlich ausweiten.
Im Juli hatte AuRico seine Produktionsprognose für 2011 angehoben und erklärt, sinkende Cashkosten zu erwarten. Das Unternehmen, das seinen Namen erst im Mai von Gammon Gold zu AuRico geändert hatte, erklärte zudem, man das Quartal mit liquiden Mitteln von 145 Mio. Dollar beenden.
http://www.be24.at/blog/entry/666240/aurico-gold-steigert-di…" target="_blank" rel="nofollow ugc noopener">http://www.be24.at/blog/entry/666240/aurico-gold-steigert-di…
AuRico Gold steigert die Produktion des dritten Quartals um 68%
14. Oktober 2011 10:33
Zwei neue Minen in Betrieb
Der kanadische Goldproduzent AuRico Gold (WKN A1JBWL) meldet einen Anstieg der Produktion des dritten Quartals um 68%. Zwei neue Minen des Unternehmens in Mexiko sind in Betrieb gegangen.
Der Ausstoß kletterte auf 45.686 Unzen, von denen nach Angabe des Unternehmens 40,779 Unzen verkauft wurden. Die Silberproduktion stieg gleichzeitig um 16% auf 1,4 Mio. Unzen an. Davon wurden 1,1 Mio. Unzen verkauft. Insgesamt erzielte AuRico so einen Quartalsumsatz von 112 Mio. Dollar.
Im August hatte das Unternehmen ein Übernahmeangebot für Northgate Minerals (WKN 856029) in Höhe von 1,46 MRd. CAD abgegeben. Diese einvernehmliche Akquisition würde den Ausstoß von AuRico nahezu verdoppeln und die geographische Ausbreitung des Unternehmens deutlich ausweiten.
Im Juli hatte AuRico seine Produktionsprognose für 2011 angehoben und erklärt, sinkende Cashkosten zu erwarten. Das Unternehmen, das seinen Namen erst im Mai von Gammon Gold zu AuRico geändert hatte, erklärte zudem, man das Quartal mit liquiden Mitteln von 145 Mio. Dollar beenden.
http://www.be24.at/blog/entry/666240/aurico-gold-steigert-di…" target="_blank" rel="nofollow ugc noopener">http://www.be24.at/blog/entry/666240/aurico-gold-steigert-di…
Nicht nur Northgate bohrt und findet Gold und Silber, auch AuRico bohrt und findet diese <Edelmetalle. Ich glaube das wir bald die alten Kurse von AuRico wieder sehen werden. Oder aber auch nicht, wer weiß ?
AuRico Gold Reports New Drill Results Including 23.6 metres grading 3.96 g/t Gold Equivalent at the Dolores Vein at the El Cubo Mine
TORONTO, Oct. 17, 2011 /CNW/ -
AuRico Gold Inc. (TSX:AUQ) (NYSE:AUQ), ("AuRico") is pleased to provide an update of new drill results at its El Cubo Mine in Guanajuato State, Mexico. Exploration drilling resumed in late July and as of September 30th the Company had completed 5,068 metres of core drilling using two surface drill rigs. The drilling to date has focused on infill and step-out drilling of the Dolores-Capulin orebodies discovered in late 2009.
The new drilling continues to show good continuity to the known resources, as well as extending the discovery further at depth and to the south, in areas with thick zones of mineralization that are cored by a vein that is significantly higher grade than current grades in the El Cubo Mine. These wide intercepts of mineralization occur where the Bufa Formation, a brittle rhyolite rock unit, occurs in the footwall of the vein. The exploration program will increase efforts in the district to explore the Bufa Formation. The significant widths, strong alteration and excellent grades in the core vein of the system all indicate this is a strong hydrothermal system and a discovery with potential to expand. Along with the Dolores vein, the Company has continued drilling along the Capulin Fault that is subparallel to the historic San Nicolas Vein further north in the district where we continue to report encouraging values.
"The surface geology and drilling program at El Cubo is now up and running and has already reported some very encouraging gold-silver mineralization in the Dolores vein system," stated Peter Drobeck, Senior Vice President of Exploration and Business Development. "The core veins indicate a significant extension of the Dolores Vein to the south-east which will significantly expand the resource base of the new discovery. We are also particularly encouraged with the near-surface good widths of mineralization surrounding the core vein, some of which are comparable to deposits being mined in our western open pit in Ocampo."
http://www.cnxmarketlink.com/en/story/859637/aurico-gold-rep…
AuRico Gold Reports New Drill Results Including 23.6 metres grading 3.96 g/t Gold Equivalent at the Dolores Vein at the El Cubo Mine
TORONTO, Oct. 17, 2011 /CNW/ -
AuRico Gold Inc. (TSX:AUQ) (NYSE:AUQ), ("AuRico") is pleased to provide an update of new drill results at its El Cubo Mine in Guanajuato State, Mexico. Exploration drilling resumed in late July and as of September 30th the Company had completed 5,068 metres of core drilling using two surface drill rigs. The drilling to date has focused on infill and step-out drilling of the Dolores-Capulin orebodies discovered in late 2009.
The new drilling continues to show good continuity to the known resources, as well as extending the discovery further at depth and to the south, in areas with thick zones of mineralization that are cored by a vein that is significantly higher grade than current grades in the El Cubo Mine. These wide intercepts of mineralization occur where the Bufa Formation, a brittle rhyolite rock unit, occurs in the footwall of the vein. The exploration program will increase efforts in the district to explore the Bufa Formation. The significant widths, strong alteration and excellent grades in the core vein of the system all indicate this is a strong hydrothermal system and a discovery with potential to expand. Along with the Dolores vein, the Company has continued drilling along the Capulin Fault that is subparallel to the historic San Nicolas Vein further north in the district where we continue to report encouraging values.
"The surface geology and drilling program at El Cubo is now up and running and has already reported some very encouraging gold-silver mineralization in the Dolores vein system," stated Peter Drobeck, Senior Vice President of Exploration and Business Development. "The core veins indicate a significant extension of the Dolores Vein to the south-east which will significantly expand the resource base of the new discovery. We are also particularly encouraged with the near-surface good widths of mineralization surrounding the core vein, some of which are comparable to deposits being mined in our western open pit in Ocampo."
http://www.cnxmarketlink.com/en/story/859637/aurico-gold-rep…
Wenn der Kurs nicht bald zum Stoppen kommt werden wir noch die 2 Euro bald unterschreiten.
Was nicht alles passiert wenn die Vorstände größenwahnsinnig werden und nur an ihren eigenen Sach denken.
Northgate Minerals Has Returned 3.3% Since SmarTrend Recommendation (NXG)
Written on Thu, 10/20/2011 - 1:43pm
By Chip Brian
SmarTrend identified a Downtrend for Northgate Minerals (AMEX:NXG) on September 23, 2011 at $3.33. In approximately 4 weeks, Northgate Minerals has returned 3.3% as of today's recent price of $3.21.
In the past 52 weeks, shares of Northgate Minerals have traded between a low of $2.41 and a high of $4.42 and are now at $3.21, which is 33% above that low price.
Northgate Minerals is currently below its 50-day moving average of $3.58 and should find support at its 200-day moving average of $3.02. Look for these moving averages to decline to confirm the company's downward momentum.
In the last five trading sessions, the 50-day MA has climbed 0.71% while the 200-day MA has risen 0.18%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Northgate Minerals.
Was nicht alles passiert wenn die Vorstände größenwahnsinnig werden und nur an ihren eigenen Sach denken.
Northgate Minerals Has Returned 3.3% Since SmarTrend Recommendation (NXG)
Written on Thu, 10/20/2011 - 1:43pm
By Chip Brian
SmarTrend identified a Downtrend for Northgate Minerals (AMEX:NXG) on September 23, 2011 at $3.33. In approximately 4 weeks, Northgate Minerals has returned 3.3% as of today's recent price of $3.21.
In the past 52 weeks, shares of Northgate Minerals have traded between a low of $2.41 and a high of $4.42 and are now at $3.21, which is 33% above that low price.
Northgate Minerals is currently below its 50-day moving average of $3.58 and should find support at its 200-day moving average of $3.02. Look for these moving averages to decline to confirm the company's downward momentum.
In the last five trading sessions, the 50-day MA has climbed 0.71% while the 200-day MA has risen 0.18%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Northgate Minerals.
Mittwoch wird der Deal durchgezogen. Bin echt gespannt ob wir im nächsten Jahr, andere, höhere Kurse sehen werden ?
AuRico, Northgate shareholders approve $1.46-billion stock-swap acquisition
Shareholders of AuRico Gold Inc. (TSX:AUQ) and Northgate Minerals Corp. (TSX:NGX) have voted in favour of the $1.46-billion stock-swap merger of the two companies.
A joint announcement by the miners said that shareholders of AuRico voted 99.1 per cent in favour of the transaction under which AuRico will acquire Northgate.
Northgate shareholders voted 98.6 per cent to approve the stock-swap.
"The combination of the companies will create a new leading intermediate gold producer with a robust production profile, a low cost base, an attractive growth platform and a compelling valuation," said AuRico president and CEO Rene Marion in a release.
AuRico operates the Ocampo mine in Chihuahua state, Mexico, among others. Northgate's Young-Davidson gold project in northern Ontario is targeting a 15-year mine life with average annual production of 180,000 ounces of gold commencing in 2012.
The combined companies will have six operating gold mines by next year and three additional gold development projects in Mexico, Canada and Australia.
Under terms of the deal, Northgate stockholders will get 0.365 of an AuRico share for each of their shares. The offer is a 45 per cent premium to the 20-day average stock price of the two companies, as of Aug. 29 when the agreement was announced. That works out to about $5.01 per Northgate share.
"The management team and the board of Northgate firmly believe that this transaction will create a platform of value creation for shareholders in the months and years to come," said Northgate president and CEO Richard Hall.
The transaction is expected to close Wednesday
http://ca.finance.yahoo.com/news/AuRico-Northgate-shareholde…
AuRico, Northgate shareholders approve $1.46-billion stock-swap acquisition
Shareholders of AuRico Gold Inc. (TSX:AUQ) and Northgate Minerals Corp. (TSX:NGX) have voted in favour of the $1.46-billion stock-swap merger of the two companies.
A joint announcement by the miners said that shareholders of AuRico voted 99.1 per cent in favour of the transaction under which AuRico will acquire Northgate.
Northgate shareholders voted 98.6 per cent to approve the stock-swap.
"The combination of the companies will create a new leading intermediate gold producer with a robust production profile, a low cost base, an attractive growth platform and a compelling valuation," said AuRico president and CEO Rene Marion in a release.
AuRico operates the Ocampo mine in Chihuahua state, Mexico, among others. Northgate's Young-Davidson gold project in northern Ontario is targeting a 15-year mine life with average annual production of 180,000 ounces of gold commencing in 2012.
The combined companies will have six operating gold mines by next year and three additional gold development projects in Mexico, Canada and Australia.
Under terms of the deal, Northgate stockholders will get 0.365 of an AuRico share for each of their shares. The offer is a 45 per cent premium to the 20-day average stock price of the two companies, as of Aug. 29 when the agreement was announced. That works out to about $5.01 per Northgate share.
"The management team and the board of Northgate firmly believe that this transaction will create a platform of value creation for shareholders in the months and years to come," said Northgate president and CEO Richard Hall.
The transaction is expected to close Wednesday
http://ca.finance.yahoo.com/news/AuRico-Northgate-shareholde…
Es ist jetzt soweit, Northgate ist ausgesetzt und ab Morgen haben wir Aurico-Aktien im Depot.
Die Stückzahl ist ja durch den schon lange bekannt gegebenen Umtauschkurs vorgegeben.
Wir können jetzt nur noch hoffen, das dieser Zusammenschluß uns den erhofften Gewinn durch höhere Kurse bringen wird.
Ich hätte lieber gesehen, NXG hätte sich mit Primion verbunden als mit Aurico, aber leider habe ich dafür zu wenig Aktien um diesen Deal verhindern zu können.
26.10.2011 | 17:55
(48 Leser) Schrift ändern:
12345
(0 Bewertungen)
Xetra Newsboard · Mehr Nachrichten von Xetra Newsboard
NE6: AUSSETZUNG/SUSPENSION
DIE FOLGENDE AKTIE IST AB SOFORT AUSGESETZT:
THE FOLLOWING SHARE IS SUSPENDED WITH IMMEDIATE EFFECT:
INSTRUMENT NAME KUERZEL/SHORTCODE ISIN BIS/UNTIL
Northgate Minerals Corp.
NE6 CA6664161024 auf weiteres
until further notice
http://www.finanznachrichten.de/nachrichten-2011-10/21752433…
Die Stückzahl ist ja durch den schon lange bekannt gegebenen Umtauschkurs vorgegeben.
Wir können jetzt nur noch hoffen, das dieser Zusammenschluß uns den erhofften Gewinn durch höhere Kurse bringen wird.
Ich hätte lieber gesehen, NXG hätte sich mit Primion verbunden als mit Aurico, aber leider habe ich dafür zu wenig Aktien um diesen Deal verhindern zu können.
26.10.2011 | 17:55
(48 Leser) Schrift ändern:
12345
(0 Bewertungen)
Xetra Newsboard · Mehr Nachrichten von Xetra Newsboard
NE6: AUSSETZUNG/SUSPENSION
DIE FOLGENDE AKTIE IST AB SOFORT AUSGESETZT:
THE FOLLOWING SHARE IS SUSPENDED WITH IMMEDIATE EFFECT:
INSTRUMENT NAME KUERZEL/SHORTCODE ISIN BIS/UNTIL
Northgate Minerals Corp.
NE6 CA6664161024 auf weiteres
until further notice
http://www.finanznachrichten.de/nachrichten-2011-10/21752433…
26.10.2011 | 15:04
(11 Leser) Schrift ändern:
12345
(0 Bewertungen)
PR Newswire · Mehr Nachrichten von PR Newswire
AuRico Gold Completes Acquisition of Northgate Minerals Corporation
TORONTO, Oct. 26, 2011 /PRNewswire/ -
AuRico Gold Inc. (TSX:AUQ) (NYSE:AUQ) ("AuRico") is pleased to announce that it has completed its previously announced acquisition of Northgate Minerals Corporation (TSX:NGX) (NYSE-Amex:NXG) ("Northgate").
With the completion of this strategic acquisition, AuRico is now positioned as a new leading intermediate gold producer with five operating mines and Young-Davidson targeting production at the end of Q1 2012.
Ocampo and Young-Davidson alone have the potential to produce over 500,000 gold equivalent ounces at lowest quartile cash costs.
With a strong balance sheet and a robust and growing cash flow profile, the new company is led by an experienced management team with a proven track record of creating value in the industry.
"We are pleased to complete this transformational acquisition and begin to leverage the potential of our expanded asset base. The combination of our key assets significantly expands our production profile and establishes the company as a leading intermediate, low cost producer with a substantial growth platform and a compelling valuation opportunity," stated Rene Marion, President and Chief Executive Officer of AuRico.
The acquisition was carried out by way of a plan of arrangement pursuant to the provisions of the Business Corporations Act (British Columbia) and was approved by the Supreme Court of British Columbia. Shareholders of both AuRico and Northgate voted overwhelmingly in favour to approve AuRico's acquisition of Northgate at their respective special meetings of shareholders each held on October 24, 2011.
Under the terms of the acquisition, AuRico, among other things, acquired all of the issued and outstanding common shares of Northgate on the basis of 0.365 AuRico common shares for each common share of Northgate.
In connection with the acquisition, AuRico will amalgamate with Northgate and Northgate will be delisted from trading on the TSX and NYSE Amex effective Wednesday, October 26, 2011.
AuRico's lead financial advisor for the transaction was UBS Securities Canada Inc. and AuRico's legal counsel was Fasken Martineau DuMoulin LLP. UBS Securities Canada Inc. provided a fairness opinion to the Board of Directors of AuRico.
Northgate's lead financial advisor for the transaction was GMP Securities L.P. and Northgate's legal counsel was Torys LLP. GMP Securities L.P. and Macquarie Capital Markets Canada Ltd. provided fairness opinions to the Special Committee and Board of Directors of Northgate.
About AuRico Gold:
AuRico Gold is a leading intermediate Canadian gold and silver producer with a diversified portfolio of high quality mines and projects 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 expected by the end of Q1 2012 as the mine ramps up production to over 200,000 ounces of annual production by 2014. AuRico's strong pipeline of development and exploration stage projects includes advanced development properties in Mexico and British Columbiaand several highly prospective exploration properties in Mexico. AuRico's head office is located in Toronto, Ontario, Canada.
http://www.finanznachrichten.de/nachrichten-2011-10/21750035…
(11 Leser) Schrift ändern:
12345
(0 Bewertungen)
PR Newswire · Mehr Nachrichten von PR Newswire
AuRico Gold Completes Acquisition of Northgate Minerals Corporation
TORONTO, Oct. 26, 2011 /PRNewswire/ -
AuRico Gold Inc. (TSX:AUQ) (NYSE:AUQ) ("AuRico") is pleased to announce that it has completed its previously announced acquisition of Northgate Minerals Corporation (TSX:NGX) (NYSE-Amex:NXG) ("Northgate").
With the completion of this strategic acquisition, AuRico is now positioned as a new leading intermediate gold producer with five operating mines and Young-Davidson targeting production at the end of Q1 2012.
Ocampo and Young-Davidson alone have the potential to produce over 500,000 gold equivalent ounces at lowest quartile cash costs.
With a strong balance sheet and a robust and growing cash flow profile, the new company is led by an experienced management team with a proven track record of creating value in the industry.
"We are pleased to complete this transformational acquisition and begin to leverage the potential of our expanded asset base. The combination of our key assets significantly expands our production profile and establishes the company as a leading intermediate, low cost producer with a substantial growth platform and a compelling valuation opportunity," stated Rene Marion, President and Chief Executive Officer of AuRico.
The acquisition was carried out by way of a plan of arrangement pursuant to the provisions of the Business Corporations Act (British Columbia) and was approved by the Supreme Court of British Columbia. Shareholders of both AuRico and Northgate voted overwhelmingly in favour to approve AuRico's acquisition of Northgate at their respective special meetings of shareholders each held on October 24, 2011.
Under the terms of the acquisition, AuRico, among other things, acquired all of the issued and outstanding common shares of Northgate on the basis of 0.365 AuRico common shares for each common share of Northgate.
In connection with the acquisition, AuRico will amalgamate with Northgate and Northgate will be delisted from trading on the TSX and NYSE Amex effective Wednesday, October 26, 2011.
AuRico's lead financial advisor for the transaction was UBS Securities Canada Inc. and AuRico's legal counsel was Fasken Martineau DuMoulin LLP. UBS Securities Canada Inc. provided a fairness opinion to the Board of Directors of AuRico.
Northgate's lead financial advisor for the transaction was GMP Securities L.P. and Northgate's legal counsel was Torys LLP. GMP Securities L.P. and Macquarie Capital Markets Canada Ltd. provided fairness opinions to the Special Committee and Board of Directors of Northgate.
About AuRico Gold:
AuRico Gold is a leading intermediate Canadian gold and silver producer with a diversified portfolio of high quality mines and projects 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 expected by the end of Q1 2012 as the mine ramps up production to over 200,000 ounces of annual production by 2014. AuRico's strong pipeline of development and exploration stage projects includes advanced development properties in Mexico and British Columbiaand several highly prospective exploration properties in Mexico. AuRico's head office is located in Toronto, Ontario, Canada.
http://www.finanznachrichten.de/nachrichten-2011-10/21750035…
Northgate ist ab heute Geschichte.
Nun müssen wir uns auf AuRico konzentrieren.
Der Kurs von Aurico ist ja heute sehr freundlich in D gewesen, es kommt jetzt nur noch darauf an, dass der Kurs auch Morgen das hält, was er heute verspricht.
AuRico Gold Inc. schließt Übernahme von Northgate Minerals Corp. ab
Northgate Minerals Corp. AuRico Gold Inc. (ehemals Gammon Gold) gab gestern bekannt, dass die bereits angekündigte Übernahme von Northgate Minerals Corporation erfolgreich abgeschlossen wurde. Das neue Unternehmen betreibt zunächst 5 Goldminen und 2012 noch eine weitere. Hinzu kommen 3 Gold-Entwicklungsprojekte in Mexiko, Kanada und Australien.
Im Rahmen der Transaktion hat AuRico alle ausgegebenen und ausstehenden Northgate-Stammaktien erworben. Aktionäre erhielten 0,365 AuRico-Stammaktien pro Northgate-Stammaktie.
Die Aktien von Northgate werden seit gestern nicht mehr an der TSX und der NYSE Amex gehandelt.
http://www.minenportal.de/artikel.php?sid=17622
Nun müssen wir uns auf AuRico konzentrieren.
Der Kurs von Aurico ist ja heute sehr freundlich in D gewesen, es kommt jetzt nur noch darauf an, dass der Kurs auch Morgen das hält, was er heute verspricht.
AuRico Gold Inc. schließt Übernahme von Northgate Minerals Corp. ab
Northgate Minerals Corp. AuRico Gold Inc. (ehemals Gammon Gold) gab gestern bekannt, dass die bereits angekündigte Übernahme von Northgate Minerals Corporation erfolgreich abgeschlossen wurde. Das neue Unternehmen betreibt zunächst 5 Goldminen und 2012 noch eine weitere. Hinzu kommen 3 Gold-Entwicklungsprojekte in Mexiko, Kanada und Australien.
Im Rahmen der Transaktion hat AuRico alle ausgegebenen und ausstehenden Northgate-Stammaktien erworben. Aktionäre erhielten 0,365 AuRico-Stammaktien pro Northgate-Stammaktie.
Die Aktien von Northgate werden seit gestern nicht mehr an der TSX und der NYSE Amex gehandelt.
http://www.minenportal.de/artikel.php?sid=17622
Da Northgate Minerals ab gestern in Übersee und heute in D das letzte Mal an der jeweiligen Börse gehandelt wurde, habe ich einen neuen Thread für das neue Unternehmen AuRico Gold angelegt.
Ich hoffe die User, die bei NXG aktiv waren und mit ihren reellen Infos und sachlichen Berichten für einen angenehmen Thread gesorgt haben, sollten sich jetzt auch für AuRico Gold engagieren.
Den neuen Thread habe ich hier, mit den untenstehenden Link bekannt gegeben und hoffe darauf, dass der Thread auch stark besucht werden wird.
http://www.wallstreet-online.de/diskussion/1169939-1-10/ufer…
Zusätzlich habe ich auch für alle interessierten User den Link zu der AuRico-Homepage mit eingestellt. Ich gehe allerdings davon aus, das diese Seite bereits von allen interessierten Insider bekannt ist. Aber es kann ja auch mal neue User in diesen Thread schauen dann haben sie hier die Möglichkeit sofort auf die AuRico-Seite zu kommen. Hier ist der Link:
http://www.auricogold.com/
Ich hoffe die User, die bei NXG aktiv waren und mit ihren reellen Infos und sachlichen Berichten für einen angenehmen Thread gesorgt haben, sollten sich jetzt auch für AuRico Gold engagieren.
Den neuen Thread habe ich hier, mit den untenstehenden Link bekannt gegeben und hoffe darauf, dass der Thread auch stark besucht werden wird.
http://www.wallstreet-online.de/diskussion/1169939-1-10/ufer…
Zusätzlich habe ich auch für alle interessierten User den Link zu der AuRico-Homepage mit eingestellt. Ich gehe allerdings davon aus, das diese Seite bereits von allen interessierten Insider bekannt ist. Aber es kann ja auch mal neue User in diesen Thread schauen dann haben sie hier die Möglichkeit sofort auf die AuRico-Seite zu kommen. Hier ist der Link:
http://www.auricogold.com/
Ich will diesen Thread nicht verlieren. Der Informationsnachweis mit und über Aurico kann bestimmt noch ein Jahr für mich dauern.
DurchsuchenBeitrag zu dieser Diskussion schreiben
Zu dieser Diskussion können keine Beiträge mehr verfasst werden, da der letzte Beitrag vor mehr als zwei Jahren verfasst wurde und die Diskussion daraufhin archiviert wurde.
Bitte wenden Sie sich an feedback@wallstreet-online.de und erfragen Sie die Reaktivierung der Diskussion oder starten Sie eine neue Diskussion.
Meistdiskutiert
| Wertpapier | Beiträge | |
|---|---|---|
| 223 | ||
| 99 | ||
| 91 | ||
| 80 | ||
| 53 | ||
| 47 | ||
| 45 | ||
| 42 | ||
| 41 | ||
| 32 |
| Wertpapier | Beiträge | |
|---|---|---|
| 30 | ||
| 28 | ||
| 27 | ||
| 26 | ||
| 26 | ||
| 24 | ||
| 23 | ||
| 21 | ||
| 20 | ||
| 19 |
