DALLAS, Sept. 17, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring mining company Northgate Minerals Corp. (AMEX:NXG). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Northgate Minerals Corp. (AMEX:NXG) should be of particular interest to other mining companies: Newmont Mining Corp. (NYSE:NEM), AngloGold Ashanti Ltd. (NYSE:AU) and Barrick Gold Corp. (NYSE:ABX).
It is available at: http://www.beaconequity.com/i/NXG
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Northgate Minerals Corp. (NXG) engages in the acquisition, development and production of gold and copper in Australia and Canada. The Company forecasts record gold production of more than 380,000 ounces. The Company's production is unhedged, allowing for a maximum overall average per ounce price at time of delivery. The Company's acquisition strategy focuses on jurisdiction-friendly properties, minimizing disruptive geopolitical risk and loss.
In the report, the analyst notes:
"The Company's 'cherry-picking' strategy includes acquiring late-stage developers in need of cash, or taking over ongoing mines not operating at optimum production. In February 2008, the acquisition of Perseverance Corporation Limited is a recent example, with record gold production of 354,000 ounces achieved in 2008 and record revenue of $461 million of revenue. The Company forecasts another record year of more than 380,000 ounces of gold production in 2009 at a time the price of gold is approaching all-time record highs.
"The Company recently announced an update on its Fosterville Gold mine in Victoria, Australia, reporting 'continued exploration success' in its Phoenix Deeps drilling program designed to test for gold mineralization. NXG launched the drilling program to upgrade existing inferred mineral resources to reserve classification and reported that it was successful in intersecting significant gold reserves just south of current reserves."
To read the entire report visit: http://www.beaconequity.com/i/NXG
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