| | Business Summary | | Northgate
Exploration
Limited,
directly
and
through
subsidiaries
and
associated
companies,
is
principally
engaged
in
the
exploration,
development,
financing
and
operation
of
gold
properties
in
North
and
South
America.
Northgate's
principal
activity,
carried
on
through
Northgate
Resources
Limited,
is
the
operation,
development
and
financing
of
the
Kerness
gold
and
copper
mine
situated
near
Prince
George
and
Smithers,
British
Columbia.
During
the
year
ended
December
31,
1999,
the
Kerness
Mine
produced
213,000
ounces
of
gold
and
44.7
pounds
of
copper. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Northgate
Exploration
Ltd.,
a
resource
and
investment
company,
engages
in
gold
mining
operations
and
mineral
exploration
primarily
in
Canada.
Revenues
for
the
three
months
ended
3/01,
totalled
C$42.4
million,
up
from
C$1
million.
Net
loss
fell
59%
to
C$848
thousand.
Revenues
benefitted
from
gains
related
to
forward
gold
hedging
contracts
closed
out.
Lower
loss
reflects
increased
interest
costs
related
to
a
bridge
loan
financing. Recent Earnings Announcement
For
the
3
months
ended
06/30/2001,
revenues
were
37,737;
after
tax
earnings
were
988. (Preliminary; reported in thousands of Canadian Dollars.) | | More
from
Market Guide: Significant
Developments |
| | Officers | |
| Position | | Terry Lyons | Chairman,
Pres and CEO | | Arun Gupta | VP
and Controller | | Merill Kichler | Sec. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
