
Northgate acquired the
Fosterville Gold Mine in February 2008. Since the acquisition, Northgate has made a number of improvements at the operation, which will increase production and significantly lower costs. A summary of Fosterville's forecasted production for 2010 is shown below:
(updated August 2010)
|
|
| Gold production (ounces) |
105,000 |
|
Net cash cost ($/oz) |
690* |
| |
|
* 2010 net cash cost assumes an exchange rate of US$/A$0.88 for H2 2010. |