| Income Statement for Northgate Minerals Corp. (NXG) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 337,546 | 411,313 | 257,302 | 188,952 | 138,446 | | Adjustments to Revenue | - | - | - | 2,277 | 1,420 | | Cost of Revenue | (227,758) | (214,096) | (182,102) | (105,922) | (89,758) | | Gross Operating Profit | 109,788 | 197,217 | 75,200 | 80,753 | 47,268 | | | Selling/General/Admin Expense | (10,461) | (8,209) | (6,128) | (6,083) | (3,873) | | Research & Development | N/A | N/A | N/A | N/A | N/A | | EBITDA | 99,327 | 189,008 | 69,072 | 74,670 | 43,395 | | Depreciation & Amortization | (63,202) | (57,528) | (45,794) | (37,094) | (34,377) | | EBIT | 36,125 | 131,480 | 23,278 | 37,576 | 9,018 | | Interest Income | 17,124 | 4,013 | - | - | - | | Other Income, Net | 14,524 | (10,345) | 294 | (638) | 1,637 | | Total Income Avail For Interest Expense | 33,399 | 123,595 | 22,389 | 36,938 | 10,655 | | Interest Expense | - | - | (2,391) | (3,049) | (4,205) | | Pre-Tax Income | 33,399 | 123,595 | 19,998 | 33,889 | 6,450 | | Income Taxes | 6,026 | (16,853) | 12,889 | (2,634) | 2,634 | | Minority Interest | - | - | - | - | (19) | | Net Income from Continuing Operations | 39,425 | 106,742 | 32,887 | 31,255 | 9,065 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 39,425 | 106,742 | 32,887 | 31,255 | 9,065 | | | Normalized Income | 73,799 | 108,295 | 34,070 | 31,255 | 9,065 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (34,374) | (1,553) | (1,183) | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 39,425 | 106,742 | 32,887 | 31,255 | 9,065 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.16 | 0.50 | 0.16 | 0.16 | 0.05 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.16 | 0.50 | 0.16 | 0.16 | 0.05 | | | Diluted EPS from Continuing Operations | 0.15 | 0.48 | 0.16 | 0.16 | 0.05 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.15 | 0.48 | 0.16 | 0.16 | 0.05 | | | |
