Beacon Equity issues Technical Trading Overview for Northgate Minerals Corp.
The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
(EMAILWIRE.COM, September 17, 2009 ) DALLAS, Texas - BeaconEquity.com announces an investment report featuring mining company Northgate Minerals Corp. (AMEX: NXG).
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
Get our alerts BEFORE the rest of the market. Follow us on Twitter: http://twitter.com/BeaconEquity
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
See what investors are saying about these stocks at: http://www.stockhideout.com/
BeaconEquity.com is one of the industry's largest small-cap report providers. Beacon strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on Beacon Research, please visit http://www.BeaconEquity.com
Beacon Equity Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. BeaconEquity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
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
Get our alerts BEFORE the rest of the market. Follow us on Twitter: http://twitter.com/BeaconEquity
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
See what investors are saying about these stocks at: http://www.stockhideout.com/
BeaconEquity.com is one of the industry's largest small-cap report providers. Beacon strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on Beacon Research, please visit http://www.BeaconEquity.com
Beacon Equity Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. BeaconEquity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Contact Information:
Beacon Equity
Jeff Bishop
Tel: (469)-252-3505
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Beacon Equity
Jeff Bishop
Tel: (469)-252-3505
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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