Tentative labour agreement reached at Northgate's Kemess mine
14 Février 2008 - 11:47PM
PR Newswire (US)
TSX NGX AMEX NXG VANCOUVER, Feb. 14 /PRNewswire-FirstCall/ --
Northgate Minerals Corporation (TSX: NGX, AMEX: NXG) announced
today that it has reached a tentative agreement on a new three-year
collective agreement with the International Union of Operating
Engineers Local 115 (the "Union"), representing the 300 production
and maintenance employees at its Kemess South mine. The Union's
bargaining committee will be unanimously recommending ratification
of the tentative agreement to its membership. Voting on the
agreement will take place over the next two weeks. Ken Stowe,
President and CEO, commented, "We are pleased that a tentative
agreement has been reached following extensive discussions over the
past several months and I would like to commend the two negotiating
teams for their tireless efforts throughout this lengthy process."
NORTHGATE MINERALS CORPORATION is a gold and copper mining company
focused on operations and opportunities in the Americas and
Australia. The Corporation's principal assets are the Kemess South
mine in north-central British Columbia and the Young-Davidson
property in northern Ontario. With the proposed acquisition of
Perseverance Corporation Limited, the addition of two operating
mines will create a leading multi-mine, mid-tier gold producer,
with over 400,000 ounces of gold production in 2008. Northgate is
listed on the Toronto Stock Exchange under the symbol NGX and on
the American Stock Exchange under the symbol NXG. FORWARD-LOOKING
STATEMENTS: This news release includes certain "forward-looking
statements" within the meaning of section 21E of the United States
Securities Exchange Act of 1934, as amended. These forward-looking
statements include estimates, forecasts, and statements as to
management's expectations with respect to, among other things,
future metal production and production costs, potential
mineralization and reserves, exploration results, progress in the
development of mineral properties, demand and market outlook for
commodities and future plans and objectives of Northgate Minerals
Corporation (Northgate). Forward-looking statements generally can
be identified by the use of forward-looking terminology such as
"may," "will," "expect," "intend," "estimate," "anticipate,"
"believe," or "continue" or the negative thereof or variations
thereon or similar terminology. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by management are inherently subject to
significant business, economic and competitive uncertainties and
contingencies. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ
materially from Northgate's expectations are disclosed under the
heading "Risk and Uncertainties" in Northgate's 2006 Annual Report
and under the heading "Risk Factors" in Northgate's 2006 Annual
Information Form (AIF) both of which are filed with Canadian
regulators on SEDAR (http://www.sedar.com/) and with the United
States Securities and Exchange Commission (http://www.sec.gov/).
Northgate expressly disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new
information, future events or otherwise. DATASOURCE: Northgate
Minerals Corporation CONTACT: Ms. Keren R. Yun, Investor Relations,
Tel: (416) 216-2781, Email: , Website:
http://www.northgateminerals.com/
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