Northgate Minerals Announces Newly Elected Members to its Board of Directors
11 Maio 2009 - 6:00PM
PR Newswire (US)
VANCOUVER, May 11 /PRNewswire-FirstCall/ -- Northgate Minerals
Corporation (TSX: NGX, NYSE Amex: NXG) is pleased to announce that
Mr. Mark J. Daniel, Mr. Paul J. Dowd and Mr. Richard J. Hall have
been newly elected to its board of directors pursuant to the annual
general meeting of shareholders on May 8, 2009. Messrs. Dowd and
Hall were previously appointed to the board in December 2008. The
election of Mr. Mark Daniel follows the retirement of Mr. C.
William (Bill) Daniel, who served on the board since 2003. Serving
on the board in addition to the three newly-elected members are
Messrs. Terrence A. Lyons, Chairman of the board, Kenneth G. Stowe,
President and Chief Executive Officer of the Corporation, Patrick
D. Downey, Douglas P. Hayhurst and Conrad A. Pinette. Ken Stowe,
President and Chief Executive Officer, stated, "We have assembled a
board that has a wealth of expertise in our industry and is
committed to the growth of our company. I am looking forward to
working with our newly elected and returning members of our board
team to build upon our many recent successes, and to deliver growth
and a solid rate of return to Northgate's shareholders. On behalf
of our management team and the board of directors, I wish to extend
our heartfelt gratitude to Mr. Bill Daniel for his professional
contributions and dedicated service to our board over the past six
years." Mr. Mark Daniel has been appointed Chairman of Northgate's
Corporate Governance and Compensation Committee and also as a
member of the Health, Safety and Environment Committee. Over his
career, Mr. Daniel worked for the Bank of Canada and a number of
other Canadian government organizations prior to joining the
Conference Board of Canada in 1979. During his 15-year career with
the Conference Board, he benchmarked leadership and management
practices in some of the most successful companies in North
America, Europe and Japan. Mr. Daniel joined Vale Inco (formerly
CVRD Inco) in 1996, retiring as Vice President, Human Resources in
2007. Since that time, he has consulted to organizations on
performance improvement, executive development, succession planning
and organization design. Mr. Daniel holds a PhD in economics from
the University of Minnesota. Forward-Looking Statements: This
Northgate press release contains "forward-looking information", as
such term is defined in applicable Canadian securities legislation,
concerning Northgate's future financial or operating performance
and other statements that express management's expectations or
estimates of future developments, circumstances or results.
Generally, forward-looking information can be identified by the use
of forward-looking terminology such as "expects", "believes",
"anticipates", "budget", "scheduled", "estimates", "forecasts",
"intends", "plans" and variations of such words and phrases, or by
statements that certain actions, events or results "may", "will",
"could", "would" or "might" "be taken", "occur" or "be achieved".
Forward-looking information is based on a number of assumptions and
estimates that, while considered reasonable by management based on
the business and markets in which Northgate operates, are
inherently subject to significant operational, economic and
competitive uncertainties and contingencies. Northgate cautions
that forward-looking information involves known and unknown risks,
uncertainties and other factors that may cause Northgate's actual
results, performance or achievements to be materially different
from those expressed or implied by such information, including, but
not limited to gold and copper price volatility; fluctuations in
foreign exchange rates and interest rates; the impact of any
hedging activities; discrepancies between actual and estimated
production, between actual and estimated reserves and resources or
between actual and estimated metallurgical recoveries; costs of
production; capital expenditure requirements; the costs and timing
of construction and development of new deposits; and the success of
exploration and permitting activities. In addition, the factors
described or referred to in the section entitled "Risk Factors" in
Northgate's Annual Information Form for the year ended December 31,
2008 or under the heading "Risks and Uncertainties" in Northgate's
2008 Annual Report, both of which are available on the SEDAR
website at http://www.sedar.com/, should be reviewed in conjunction
with the information found in this press release. Although
Northgate has attempted to identify important factors that could
cause actual results, performance or achievements to differ
materially from those contained in forward-looking information,
there can be other factors that cause results, performance or
achievements not to be as anticipated, estimated or intended. There
can be no assurance that such information will prove to be accurate
or that management's expectations or estimates of future
developments, circumstances or results will materialize.
Accordingly, readers should not place undue reliance on
forward-looking information. The forward-looking information in
this press release is made as of the date of this press release,
and Northgate disclaims any intention or obligation to update or
revise such information, except as required by applicable law.
DATASOURCE: Northgate Minerals Corporation CONTACT: Ms. Keren R.
Yun, Director, Investor Relations, Tel: (416) 363-1701 ext. 233,
Email: , Website: http://www.northgateminerals.com/
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