11:43 AM EST - Northgate Minerals Corp. : reported that its second-quarter net earnings were $4.3 million U.S. or $0.01 U.S. per share, down from net earnings of $5.4 million U.S. or $0.02 U.S. per share in the second quarter of 2009, and included a tax effected, unrealized gain of $11.4 million U.S. relating to Northgate's copper forward sales contracts. Adjusted net loss was $7.13 million U.S. or $0.02 U.S. per share, compared to net income of $10.06 million U.S. or $0.04 U.S. per share in the same quarter last year. Consolidated revenue of $122.7 million U.S., down from $130.3 million U.S. recorded in the same period last year. Northgate Minerals Corp.
shares T.NXG are trading even at $0.25.
