Northgate Announces Appointment of Paul Dowd and Richard Hall to its Board of Directors
Mr. Dowd’s professional career spans more than 40 years in the public and private sectors, where he has developed businesses and managed mining operations in
Mr. Hall has over 35 years of mining exploration and development experience. Over the past nine years, Mr. Hall served as President and Chief Executive Officer of Metallica Resources Inc., a publicly-traded mining company listed on the TSX and on the AMEX. During his time at Metallica, he was responsible for the financing, construction and commissioning of the Cerro San Pedro mine in
Northgate is also pleased to announce the recent appointment of Mr. Matthew J. Howorth, LLB, to the position of Vice President, General Counsel and Corporate Secretary. Mr. Howorth has spent the past decade practicing corporate commercial law with a national law firm, has extensive experience in the mining industry, and plays an integral role as chief legal counsel to the company.
Forward-Looking Statements:
This news release contains certain “forward-looking statements” and “forward-looking information” under applicable Canadian and U.S. securities laws. 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 on a number of estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies. Certain of the statements made herein, including any information as to the future activities of and developments related to the business activities of Northgate Minerals Corporation (Northgate) and its subsidiaries, the market position, and future financial or operating performance of Northgate, are forward-looking and subject to important risk factors and uncertainties, many of which are beyond the corporation’s ability to control or predict. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, among others: gold price volatility; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; costs of production, capital expenditures, costs and timing of construction and the development of new deposits, success of exploration activities and permitting time lines; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in any of the countries in which the corporation does or may carry out business in the future; risks of sovereign investment; the speculative nature of gold exploration, development and mining, including the risks of obtaining necessary licenses and permits; dilution; competition; loss of key employees; additional funding requirements; and defective title to mineral claims or property. In addition, there are risks and hazards associated with the business of gold exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance or inability to obtain insurance, to cover these risks), as well as the factors described or referred to in the section entitled “Risk Factors” in Northgate’s Annual Information Form for the year ended
SOURCE Northgate Minerals Corporation
