New Dawn Mining
Natural Resources
ND : TSX
Production Expansion - New Dawn Mining Corp. is a Zimbabwe-focused junior gold company engaged in the production of gold and related activities, including exploration, development, mining and processing in southern Africa. The Company's principal assets are the actively producing Turk Mine in Zimbabwe, the advanced exploration project Angelus Mine in Zimbabwe, and a portfolio of exploration properties.
New Dawn owns and operates the Turk and Angelus Mines in the upper southwest area of Zimbabwe that has the potential to produce an estimated 35,000 to 50,000 ounces of gold per annum. Currently, a production facility capable of processing up to 400 tonnes per day or 12,000 tonnes per month is in place and operating. The production facility is capable of easily being expanded to 580 tonnes per day or 17,500 tonnes per month. The Company maintains a highly experienced work force at Turk Mine of over 770 people.
At New Dawn's Turk and Angelus Mines, a recent NI 43-101 report documented an aggregate of 959,900 ounces of gold resource grading between 3.8 - 6.1 g/t, with an additional inferred mineral resources of 347,600 ounces of gold grading 5.16 - 5.91 g/t. Reserves and resources are based upon a 2.45 g/t cut-off and US$875/oz gold price at the Turk and Angelus Mines.
Exploration - Additionally, the Company has a portfolio of exploration properties in Zimbabwe that includes the Consolidated Bubi Gold Fields, Consolidated Midlands Gold Fields and Consolidated Shurugwi Gold Fields properties.
Consolidation - New Dawn continues to position itself as the natural in-country consolidator of gold mining properties and companies in Zimbabwe. New Dawn is currently assessing value accretive opportunities in Zimbabwe and the surrounding region, including advanced stage exploration properties, as well as other gold mining companies with production and resources.
| Stock Information: |
 | | Last Trade Time: Sep 08, 2010 15:50 EST | TSX: ND |
| | Current
| 1.550 | | Open | 1.480 |  | | | | Change | 0.100 | | Prev. Close | 1.450 | | | | | % Change | 6.90% | | Tick Type | N/A | | | | | Volume | 74,660 | | Shares (last trade) | 3000 | | | | | Day High | 1.600 | | 52 Week High | 1.63 | | | | | Day Low | 1.460 | | 52 Week Low | 0.95 | | | | | Bid | N/A | | Ask | N/A | | | | | Bid Size | N/A | | Ask Size | N/A | | | | | # Trades | 34 | | Industry | Natural Resources | | | |
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