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By Rose Ragsdale
For Mining News 

Northgate drops Kemess North plans

Vancouver junior charges $32.3M against third-quarter profits; moves on with takeover of Australian company, more ventures

 

November 25, 2007



Northgate Minerals Corp. of Vancouver has posted a loss of $11.9 million for the third quarter after dropping plans to develop the Kemess North project in northern British Columbia. The quarterly loss reflects a $32.35 million charge against the value of the Kemess North project, which a joint panel of the governments of British Columbia and Canada recommended be scrapped.

The loss compared wi...



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