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Co reports total quarterly gold production of approx 90,000 ounces at Northgate’s three operating mines at an average net cash cost of production of $347 per ounce. Total gold production is forecast to be 425,000 ounces: 236,000 ounces at Kemess; 112,000 ounces at Stawell; and, 77,000 ounces at Fosterville. Gold production attributable to Northgate from the date of acquisition for Stawell and Fosterville is 95,000 ounces and 70,000 ounces, respectively, bringing total production attributable to Northgate to 401,000 ounces. All of Northgate’s present and future gold production is unhedged.

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Technorati Tags: Acquisition, Gold Production, Northgate Minerals, Ounce, Stawell