 Northgate acquired the Stawell Gold Mine in February 2008. Since the acquisition, Northgate has invested $7 million towards an aggressive exploration plan in order to identify new underground resources in order to extend the mine-life. Production for 2008 is show below:
|
Q1 |
Q2 |
Q3 |
Q4E |
2008E |
|
| Gold production (ounces) |
28,363 |
22,807 |
20,956 |
33,000 |
105,000 |
|
Net cash cost ($/oz) |
536 |
627 |
668 |
299 |
482 |
|
|
* Net Cash Cost for Q4 and full year 2008 assumes exchange rate of A$/US$0.65. |
|