Northgate Minerals Corporation
TSE:NGX ISIN:CA6664161024
Northgate Minerals Corporation (Northgate) is a Canadian-based gold and copper producer with operations, development projects and exploration properties in Canada and Australia. The Corporation's principal producing assets are its 100% interests in the Fosterville and Stawell Gold mines in Australia and the Kemess South mine in Canada. The Corporation also holds a 100% interest in the Young-Davidson property, a development project in Canada. The Company's properties include Kemess, Young-Davidson, Fosterville, Stawell, Matachewan Mineral Property and Boulevard Property.
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US stocks closed flat overnight after a weaker-than-expected survey on consumer confidence. The Conference Board reported its confidence index fell to 46.6 from 49.3 in June, primarily due to a worsening job market.
The Australian market closed firmer yesterday on stronger commodities prices and good leads from overseas markets. The benchmark S&P/ASX 200 index rose 49.5 points, or 1.24 per cent, at 4050.3 points, while the broader All Ordinaries index gained 51.3 points, or 1.28 per cent, to 4044.2 points.
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