Northgate receives board approval to move ahead on Matachewan mine project.

• Position: IN BRIEF - Brief article

The board of directors of Northgate Minerals Corporation (TSX: NGX) has formally given the go-ahead to move on the $339-million development of the Young-Davidson mine three kilometres west of Matachewan, or 165 kilometres north of Timmins.

Construction is slated to begin later this year, with gold production set for 2012. The project has 2.8 million ounces of proven and probable reserves, and will have annual production of 180,000 ounces over a...