Chart usGOLD   Chart usSILVER  
 
Food for thought
Liberty is the prevention of control by others
Lord Acton  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1166.25-32.35
Silver 15.94-0.54
Platinum 1227.10-11.20
Palladium 784.258.35
WORLD MARKETS
DOWJONES 17382173
NASDAQ 463064
NIKKEI 16414756
ASX 550548
CAC 40 423998
DAX 9326211
HUI 155-9
XAU 65-3
CURRENCIES (€)
AUS $ 1.4245
CAN $ 1.4130
US $ 1.2521
GBP (£) 0.7836
Sw Fr 1.2060
YEN 140.5570
CURRENCIES ($)
AUS $ 1.1377
CAN $ 1.1285
Euro 0.7987
GBP (£) 0.6259
Sw Fr 0.9629
YEN 112.2440
RATIOS & INDEXES
Gold / Silver73.16
Gold / Oil14.73
Dowjones / Gold14.90
COMMODITIES
Copper 3.07-0.01
WTI Oil 79.20-1.32
Nat. Gas 3.890.06
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Northgate Minerals Recognized for Its Commitment to Sustainability
Published : May 17, 2011
( 0 vote, 0/5 ) Print article
     
Tweet

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 17, 2011) -

Editors Note: There are 3 photos associated with this press release.

Northgate Minerals Corporation (News - Market indicators)(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."

The Mining and Sustainability Award is a joint initiative of the MABC and the Ministry of Energy and Mines. Launched in 2005, the annual sustainability award recognizes groups and individuals who are committed to advancing and promoting sustainable development and responsible mining practices in the BC exploration and mining sector.

"As the mining sector embarks on a period of growth not seen in a generation, it is more important than ever to find new and better ways to dig the minerals that are critical to a clean and green economy out of the ground" stated Pierre Gratton, President and CEO of MABC. "This award is intended to celebrate those new and better ways and it is an honour to recognize both of this year's recipients for their leadership."

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.

About Northgate

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. We have a robust three-year growth profile, targeting 350,000 ounces of gold in 2013. We expect to complete a Preliminary Assessment for the Kemess Underground Project by the summer, which will outline the economics and timeline for mining the current resources and could potentially extend the life of the Kemess camp. Kemess Underground contains an Indicated Resource of 136.5 million tonnes with 2.6 million ounces of gold and 861 million pounds of copper.

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, 2010 or under the heading "Risks and Uncertainties" in Northgate's 2010 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 Corporation prepares its disclosure in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of US securities laws. Terms relating to mineral resources in this press release are defined in accordance with National Instrument 43-101-Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy, and Petroleum Standards on Mineral Resources and Mineral Reserves. The Securities and Exchange Commission (the "SEC") permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. The Corporation uses certain terms, such as, "measured mineral resources", "indicated mineral resources", "inferred mineral resources" and "probable mineral reserves", that the SEC does not recognize (these terms may be used in this press release and are included in the Corporation's public filings which have been filed with securities commissions or similar authorities in Canada).

To view the photos associated with this press release, please visit the links below:

http://www.marketwire.com/library/20110516-photo100810pit800.jpg

http://www.marketwire.com/library/20110516-photo1008250-800.jpg

http://www.marketwire.com/library/20110516-millkcreekroad800.jpg



Northgate Minerals Corporation
Ms. Keren R. Yun
Director, Investor Relations
416-363-1701 ext. 233
ngx@northgateminerals.com
www.northgateminerals.com
Tweet

Northgate Minerals Corporation

PRODUCER
CODE : NGX.TO
ISIN : CA6664161024.
CUSIP : 666416102
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Northgate Minerals Corporation
10/26/2011AuRico Gold Completes Acquisition Of Northgate Minerals Corp...
9/30/2010Northgate Minerals Expands, Prices Notes Offering
9/23/2009Northgate Minerals to raise C$100m
4/16/2009UPDATE 1-Northgate Minerals exceeds Q1 gold production forec...
8/14/2006Follow up N° 8
4/29/2006Follow up N° 7
Financings of Northgate Minerals Corporation
2/28/2011Sells Auction Rate Securities
10/15/2010Announces Closing of over allotment option
9/23/2009Announces C$100 Million Bought Deal Financing
Nominations of Northgate Minerals Corporation
7/12/2011Northgate Minerals Corporation Announces the Appointment of ...
7/11/2011Announces the Appointment of Richard Hall as President and
5/10/2011Announces Retirement of President and CEO Ken Stowe
Financials of Northgate Minerals Corporation
10/14/2011Reports Strong Third Quarter Production
8/10/2011Primero Reports Second Quarter 2011 Results; Earnings Increa...
5/10/2011Reports First Quarter Results
4/7/2011Northgate Minerals Provides Details for its 2011 First Quart...
4/7/2011Provides Details for its 2011 First Quarter Results and ...
8/10/2010Reports Second Quarter Results
5/11/2010Solid First Quarter Results
4/8/2010Details for Annual General and Special Meeting and 2010 Firs...
8/10/2009Strong Second Quarter Operating Cash Flow of $50 Million
5/8/2009Generates Cash Flow from Operations of $45.2 Million in the ...
4/15/2009Exceeds First Quarter Production Forecast
4/6/2009Announces Details for Annual General Meeting and 2009 First ...
3/4/2009Posts Fourth Quarter Net Earnings of $0.07 per Share
1/14/2009Reports Record Gold Production in the Fourth Quarter 2008
8/1/2008Generates Cash Flow from Operations of $41 million in the Se...
5/2/2008 Reports First Quarter Financial Results; Adjusted Net Earni...
4/8/2008 announces details for annual general meeting and 2008 first...
1/28/2008Reports fourth quarter operating results and production fore...
11/30/2007Revises fourth quarter metal production forecast
5/4/2007first quarter gold production on plan; Kemess South mine-lif...
Project news of Northgate Minerals Corporation
10/5/2011(Young - Davidson)Intersects 5.44 Grams per Tonne Gold over 54.0 Metres at You...
9/16/2011(Young - Davidson)Announces a 500,000+ Ounce Indicated Resource at YD West
8/25/2011(Young - Davidson)Intersects Two Major Intervals in the YD West Zone at Young-...
8/2/2011(Kemess Underground)Announces Positive Preliminary Assessment for its Kemess Und...
6/24/2011(Young - Davidson)Provides Update on Construction and Exploration Activities a...
6/23/2011(Awakening Gold)Initiates Drill Program at =?ISO-8859-1?Q?=20the=20Awakening...
6/8/2011(Young - Davidson)Intersects 4=2E31 Grams per Tonne Gold Over 79=2E6 Metres at...
5/27/2011(Young - Davidson)Underground Delineation Drilling at NorthgateMinerals' Young...
5/20/2011(Matachewan Mine)Matachewan Consolidated Mines, Limited Announces Sale of Min...
4/13/2011Northgate Minerals Provides Update on Construction and Explo...
4/13/2011(Young - Davidson)' Young-Davidson Project Remains On Schedule and On Budget
2/16/2011(Kemess Underground)Northgate Minerals Announces Updated Resource Estimate for K...
1/12/2011(Young - Davidson)Drilling at Northgate Minerals' Young-Davidson Project Confi...
1/14/2011(Kemess South)Reports 2010 Gold Production of 272,712 Ounces
1/11/2011(Stawell Mine)Northgate Minerals Announces Production Growth for its Three...
11/30/2010(Kemess South)Northgate Minerals Successfully Completes 2010 Diamond Drill...
11/1/2010(Stawell Mine)Discovers High Grade Mineralization in a Previously Untested
9/10/2010(Young - Davidson)Young-Davidson Mine to Commence Production in Early 2012
9/16/2010(Kemess South)Intersects Highest Grade-Thickness Interval of 3.37 Grams pe...
8/11/2010(Stawell Mine)Northgate's Stawell mine issues hit gold production forecast...
7/2/2010(Young - Davidson)Receives Key Permit for the Development
2/9/2010(Young - Davidson)Receives Board Approval for Development of the Young-Davidso...
1/25/2010(Young - Davidson)Releases Final Feasibility Study for the Young-Davidson Proj...
9/15/2009(Fosterville Mine)Significant Extension of Mineralization Discovered at Northg...
9/10/2009(Young - Davidson)New Gold Zone Discovery at Northgate Minerals' Young-Davidso...
8/6/2009(Stawell Mine)Extends Mine Life at the Stawell Gold Mine
7/15/2009Announces Positive Young-Davidson Pre-Feasibility Study
6/30/2009(Fosterville Mine)Three-Year Collective Agreement Ratified at Northgate's Fost...
12/10/2008(Young - Davidson)Announces Dramatic Increase in Resources at its Young-Davids...
10/30/2008(Fosterville Mine) Discovers Significant Extensions to Mineralized Zones at th...
7/18/2008(Young - Davidson) Additional Drill Results for the Young-Davidson Project
4/23/2008reports first quarter production results and updated 2008 pr...
4/16/2008Exploration drilling at Northgate's Stawell mine intersects ...
4/9/2008(Kemess South)New three-year collective agreement ratified at Northgate's ...
3/17/2008(Kemess South)Tentative labour agreement reached at Northgate's Kemess min...
3/8/2008(Kemess South)Federal and Provincial Environmental Ministers announce fina...
3/5/2008(Kemess South)Unionized employees at Northgate's Kemess mine turn down ten...
12/21/2007(Young - Davidson) Announces Additional Young-Davidson Drill Results - Drill H...
5/31/2007(Kemess South)2007 Technical report
5/2/2005(Kemess South)2005 Technical report
Corporate news of Northgate Minerals Corporation
10/10/2011Miners Boost Hedging Even as Gold Demand Strengthens
10/4/2011Provides Information Concerning Conversion Rights for Holder...
9/14/2011Miners Continue to Underperform in Gold Market
9/13/2011AuRico Gold and Northgate Minerals Provide Update on Special...
8/29/2011Primero Announces Termination of Arrangement Agreement With ...
8/29/2011AuRico Gold to Acquire Northgate Minerals and Create A Leadi...
7/13/2011and Primero to Combine and Create
5/31/2011..lling at Northgate Minerals\342\200\231 Young-Davids...
5/17/2011Recognized for Its Commitment to Sustainability
4/13/2011Northgate Minerals Provides Update on
3/8/2011Northgate Minerals Reports Excellent Cash
2/16/2011Northgate Minerals Announces Updated
1/14/2011Reports 2010 Gold
1/14/2011Reports 2010 Gold
10/13/2010Announces Exercise of Over-Allotment Option
10/5/2010Closes US$150 Million Convertible Note Offering
9/30/2010Successfully Prices and
8/31/2010Discovers Fault Offset of
8/24/2010and BNP Paribas Sign
7/2/2010Renews Base Shelf Prospectus
6/11/2010To Renew Universal Base
6/7/2010& Nevada Exploration Sign Formal Option Agreement
3/22/2010Added to S&P/TSX Composite Index
3/9/2010Reports Record Cash Flow from Operations in 2009
1/19/2010Reports Record Gold Production of 362,743 Ounces in 2009
10/14/2009Announces Diamond Drill Results Adjacent to Established Rese...
9/30/2009 Closing of C$100 Million Common Share Offering
7/20/2009Confirms Discussions with Dioro Exploration NL
7/3/2009Matachewan First Nation Signs Impact and Benefits Agreement ...
5/11/2009Announces Newly Elected Members to its Board of Directors
12/22/2008Comments on Recent Market Activity
9/20/2008Issues Statement on its American Stock Exchange Closing Pric...
9/9/2008 Announces Increase in Gold Reserves at its Stawell Gold Min...
6/25/2008Files Preliminary Assessment Report for the Young-Davidson P...
6/7/2008files final universal base shelf prospectus
3/26/2008Matachewan First Nation signs Memorandum of Understanding wi...
3/18/2008 reports final audited revenue and net earnings for 2007
2/25/2008's Fosterville Gold Mine to Transition to Owner Mining
2/18/2008Completes Acquisition of Perseverance
2/14/2008Tentative labour agreement reached at Northgate's Kemess min...
2/7/2008Major increase of indicated resources at Northgate's Young-D...
2/1/2008Final court approval received for Northgate's acquisition of...
1/21/2008Perseverance shareholders and warrant holders approve Northg...
12/18/2007Updates progress on Perseverance acquisition
11/5/2007reports strong quarterly production and record low cash cost...
10/28/2007Announces Friendly Proposal to Acquire Perseverance Corporat...
9/20/2007to speak at Denver Gold Forum - Update on Kemess North Proje...
9/18/2007announces further drill results at Young-Davidson analysts' ...
9/18/2007Review Panel submits recommendation report for Northgate's K...
9/10/2007Review panel announces date for the release of recommendatio...
8/2/2007Review panel announces recommendation report for Northgate's...
7/27/2007reports strong quarterly cash flow of $43.7 million - A thir...
12/2/2005Follow Up N° 6
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (NGX.TO)
3.71-0.27%
TORONTO
CA$ 3.71
10/27 15:00 -0.010
-0.27%
Prev close Open
3.72 3.76
Low High
3.65 3.84
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  3.71 -%
Volume 1 month var.
1,270,800 -%
24hGold TrendPower© : 11
Produces Copper - Gold
Develops Gold
Explores for Copper - Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
201119.29%4.342.42
2010-1.27%3.702.47
 
5 years chart
 
3 months chart
 
3 months volume chart