A Great Precious Metals Mining Stock: Northgate Minerals (NXG)

NXG, Northgate Minerals, is a mining stock in Canada (safe political environment) producing gold at low prices, aided by significant sales of copper. They just reported outstanding results for the first quarter. I bought some around 2.45 a few weeks ago and have been amazed at its rapid growth - with plenty more room to move. The market has largely ignored this company until recently, and is still off the radar for most investors and brokers. Jim Cramer recently criticized the company out of ignorance (he thought they didn't have any actual production - completely wrong!), and had to retract his televized statements. Wow - that's a great indicator of a stock not being known yet and thus having high potential to bring in more money in from the sidelines.

They do not hedge and are sitting on a lot of precious metals with low costs to extract them. This is going to be gushing out more profits in the future as copper and gold increase in demand.

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