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February 9, 2010
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| 06:04 EDT |  | NXG |
| theflyonthewall.com: | Northgate Minerals approves development of Young-Davidson mine | | Northgate Minerals Corp. announced that its Board of Directors has given formal approval to proceed with development of the Young-Davidson mine near the town of Matachewan, Ontario, with 2.8M ounces of proven and probable reserves. The mine has an annual production of 180,000 ounces of gold at a net cash cost of $350 per ounce over a 15-year mine-life. :theflyonthewall.com |
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