Northgate Minerals
Toronto symbol NGX, owns and operates the Kemess South open-pit mine in north-central B.C.
NORTHGATE MINERALS CORP. $3.08 (Toronto symbol NGX; SI Rating: Speculative) (604-681-4004; www.northgateminerals.ca; Shares outstanding: 291.1 million; Market cap: $896.5 million; No dividends paid) is focused on building a mine at its Young-Davidson gold property in northern Ontario.
The $339-million open-pit/underground mine is now under construction, and is scheduled to start up in 2012. It is expected to produce 180,000 ounces …read more »
NORTHGATE MINERALS CORP. $1.24 (Toronto symbol NGX; SI Rating: Speculative) (604-681-4004; www.northgateminerals.ca; Shares outstanding: 255.7 million; Market cap: $317.0 million) owns and operates the Kemess South open-pit mine in north-central B.C. However, Northgate expects to exhaust the ore at Kemess South in late 2010.
To replace production from Kemess South, Northgate bought Australian gold miner Perseverance Corp. last year for $257 …read more »
IMPERIAL METALS $9.50 (Toronto symbol III; SI Rating: Speculative) (604-669-8959; ww.imperialmetals.com; Shares outstanding: 32.7 million; Market cap: $310.5 million) is a Vancouver-based mining company that explores for and produces base and precious metals. Its producing assets are a 100% interest in the Mount Polley open pit copper/gold mine in central British Columbia, plus a 50% interest in the Huckleberry open …read more »
NORTHGATE MINERALS CORP. $3.00 (Toronto symbol NGX; SI Rating: Speculative) (604-681-4004; www.northgateexploration.ca; Shares outstanding: 254.2 million; Market cap: $762.7 million) has made a friendly $257 million U.S. takeover offer for Australian gold miner Perseverance Corp. Northgate will pay $160 million in cash and assume $97 million of Perseverance’s debt and gold hedge liabilities.
Perseverance produces 200,000 of gold annually from two …read more »
NORTHGATE MINERALS CORP. $2.74 (Toronto symbol NGX; SI Rating: Speculative) (604-681-4004; www.northgateexploration.ca; Shares outstanding: 254.2 million; Market cap: $696.5 million) dropped recently after a joint federal-provincial environmental review panel rejected its proposed Kemess North copper-gold open-pit project. In the panel’s view, adverse environmental, social and cultural effects outweighed its potential economic and social benefits. Several aboriginal groups opposed the project.
Kemess …read more »
ARIAN SILVER $0.57 (Toronto symbol AGQ; SI Rating: Start up) (1-800-917-4102; www.ariansilver.com; Shares outstanding: 105.4 million; Market cap: $60.1 million) is active in silver exploration and development in Mexico. The company is headquartered in the UK.
Arian’s current focus is on the Calicanto and San Celso projects in Zacatecas state, the Tepal project in Michoacan State and the San José silver-base …read more »
NORTHGATE MINERALS CORP. $4.12 (Toronto symbol NGX; SI Rating: Speculative) (604-681-4004; www.northgateexploration.ca; Shares outstanding: 215.8 million; Market cap: $889.1 million) has increased the total estimated resource at its Young-Davidson property in Ontario by 33%, to 2.1 million ounces of gold from 1.5 million ounces. As well, one drill hole intersected strong gold showings, which suggests the presence of a major …read more »
