Northgate Minerals Corporation
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MERGER: AuRico completes acquisition of Northgate
TORONTO – AuRico Gold has completed the acquisition of Northgate Minerals. The deal was estimated to be worth US$1.48 billion.
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PERSPECTIVE: A new gold rush – AuRico eyes Northgate
There is a new gold rush among Canadian miners. Toronto’s AuRico Gold (formerly Gammon Gold) and Northgate Minerals, also of Toronto, have entered into a definitive agreement to create a new intermediate gold producer.
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Barrick Leads Top 40 List
The numbers have been crunched, the results tabulated, and CMJ is proud to announce this year’s top Canadian mining company is the world’s biggest gold producer, Barrick Gold. Thanks in part to the historic high price of gold, the company had…
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MERGER: Northgate, Primero aim to create mid-tier gold producer
TORONTO – Primero Mining and Northgate Minerals have entered into a definitive agreement that will see the two merge their businesses to create a new, mid-tier gold producer. Combined market capitalization will be approximately $1.2 billion.
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MINING PEOPLE IN THE NEWS: Elgin Mining, Goldrush, Northgate and Prize Mining
With the successful acquisition of the former Lupin gold mine in the Northwest Territories, Patrick Downey has officially become president and CEO of the new owner, Elgin Mining of Toronto. The company is winterizing the camp at the mine site…
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GOLD DEVELOPMENT: Northgate updates Young-Davidson construction
ONTARIO – To the end of May 2011, Northgate Minerals of Vancouver has spent $170 million on its Young-Davidson gold project near Matachewan, and the project is remains on schedule and on budget. The first gold pour is scheduled for the first…
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Robust Effort!
Mottos are usually 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…
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CERTIFICATION: Mining industry recognises Canada’s first nationally certified miners
MONTREAL – Canada’s first graduating class of 95 mine workers with nationally recognized skills were honoured at the CIM on May 24, 2011. The Canadian Mining Credentials Program (CMCP) was developed by the Mining Industry Human Resources…
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GOLD DEVELOPMENT: Young-Davidson on time, on budget
ONTARIO – Northgate Minerals of Vancouver says that construction of its Young-Davidson gold mine 60 km west of Kirkland Lake is on time and on budget. Start-up is planned in late Q1 2012, with annual production 180,000 oz of gold in each of the…
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COPPER-GOLD RESOURCES: Kemess North underground has potential 2.6-M oz Au and 860-M lb Cu
BRITISH COLUMBIA – Northgate Minerals of Vancouver says the 43-101 report prepared for its Kemess underground project outlined an indicated resource of 136.5 million tonnes grading 0.56 g/t Au and 0.29% Cu. The inferred resource is another 6.0…
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GUIDANCE: Northgate forecasts lower gold costs after next year
VANCOUVER – Northgate Minerals expects gold production to go up and cash costs to go down after 2011 with the startup of the Young-Davidson mine 60 km west of Kirkland Lake, ON. The company says output this year will be 195,000 to 205,000 oz of…
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PERSPECTIVE: Copper to be hottest metal in 2011
Analysts are predicting the copper will be the hottest metal in 2011. And why not? The metal hit an all-time high of over US$4.27 per pound the week of Dec. 30, 2010. The rising copper price correlates positively with a healthy global…
