At a Glance
In early 2008, Northgate completed the acquisition of Perseverance Corporation Ltd., the fourth largest publicly listed gold producer in Australia. As a result of this acquisition, we emerged as a proven multi-mine gold producer with three fully-permitted mines in the politically stable and mining-friendly jurisdictions of Canada and Australia.
Today, we have reaffirmed our reputation as one of the finest operators in the business, backed by our successful track record of turning around underperforming assets. We strive for operational excellence and are supported by a dedicated and knowledgeable workforce focused on delivering on our promises and achieving outstanding results.
Looking into 2009, we will build upon our success over the past 12 months and continue to focus on the execution of our strategic objectives. Forecasting another record year of gold production of 392,000 ounces, we are leveraged to strong gold prices that will provide excellent internal cash flow to fuel organic growth, as well as additional opportunities for development and expansion through further acquisitions.
