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Monday, August 29, 2011

Monday’s TSX Top Ten Percentage Gainers; Northgate (NGX.TO) Makes Top Ten on Merger News

Monday’s TSX Top Ten Percentage Gainers; Northgate (NGX.TO) Makes Top Ten on Merger News

POINT ROBERTS, Aug. 30, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on the top ten percentage gainers on the TSX for August 29, 2011. The S&P TSX closed at 12,504.85 +177.34 +1.44%. Oil closed at 87.69 +0.42 +0.48%
and Gold ended at 1,786.80 -1.60 -0.09%.

Northgate Minerals Corporation (NGX.TO) made the top ten list closing at $ 3.93, up 0.83 (26.77%) on news of a merger with AuRico Gold Inc.

AuRico Gold Inc. (TSX: AUQ.to) (NYSE:AUQ) and Northgate Minerals Corporation (TSX: NGX.to) (NYSE-Amex:NXG) reported that they have entered into a definitive acquisition agreement to create a new leading intermediate gold producer. The new company will have 5 operating gold mines, a sixth mine targeting production in 2012 and 3 gold development projects in Mexico, Canada, and Australia, three of the top global mining jurisdictions. The combined company is completely unhedged and offers full exposure to record gold and silver prices and an exceptional growth profile from approximately 475,000[1] gold equivalent ("Aue") ounces[2] this year to 730,000+[3] Aue ounces in 2013 (growth of approximately 54%).

TSX TOP 10 % Gainers August 29th:
Symbol Close $ Change % Change Volume

TMB.WT 0.100 +0.050 +100.000 4,313
PCN 0.480 +0.170 +54.840 2,000
TCM.WT 0.400 +0.125 +45.450 196,000
CVZ.WT 0.100 +0.025 +33.330 45,000
CYM 0.090 +0.020 +28.570 46,000
COP 0.350 +0.075 +27.270 454,850
NGX 3.930 +0.830 +26.770 27,974,105
PDL.WT.B 0.100 +0.020 +25.000 17,000
XMF.A 0.250 +0.050 +25.000 500
PGM.WT 0.380 +0.070 +22.580 99,000
TX 0.305 +0.055 +22.000 19,600


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