PROFILE |
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Old gold miner Northgate Exploration dates from 1919. The company mines gold, silver, and copper, primarily through subsidiary Northgate Resources. The company's British Columbia-based Kemess Mine produced nearly 226,000 ounces of gold and over 50 million pounds of copper in 2000. Northgate bought the mine in late 2000 from Royal Oak for about $200 million after Royal Oak had spent $600 million to open the mine -- going bankrupt in the process. Northgate's Bretzin Mine subsidiary owns and explores for mineral properties in South America. B.C. Pacific Capital Corporation owns nearly 35% of Northgate, and Terry Lyons, Northgate's CEO, is president of B.C. Pacific Capital.
COMPETITION |
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Barrick Gold Corporation (ABX)
Echo Bay Mines Ltd. (ECO)
Newmont Mining Corporation (NEM)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 4.70
1-Yr. Sales Growth: 87.6%
Employees: 440
Revenue per employee: $10,681.82
KEY PEOPLE |
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Terry A. Lyons
CEO
J. Peter Gordon
CFO
CONTACT INFO |
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1055 W. Georgia St., Ste. 1632
Vancouver British Columbia V6E 3R5, Canada
Phone: 1-604-669-3141
Fax: 1-604-687-3419
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