Agoracom Blog

New Dawn Mining Joins AGORACOM 100 With $7.48M In Revenue

Posted by AGORACOM at 10:12 AM on Thursday, February 26th, 2009

In 2008 New Dawn Mining (ND: TSX) produced 8,651 oz of gold and generated $US 7.48 million in sales.

An emerging gold exploration company with one producing mine, New Dawn is concentrating its exploration and mine development efforts on gold projects in Zimbabwe, and South Africa. The company retains an NI 43-101 compliant resource of 977,819 oz. (3.9-5.0 g/t) gold reserves, with additional inferred mineral resources of 347,600 oz. (5.1g/t) gold.

Symbol: ND-TSX / Shares Outstanding: 29,015,000 / Market Cap: $14.5M

On February 26th, New Dawn Mining announced:

New Dawn’s Turk Mine Moves from Care and Maintenance to Mine Development

  • Its 100% owned Turk Mine in Zimbabwe is moving from care and maintenance to active mine development. The decision by management came as a result of the recent positive changes to the Monetary Policy in Zimbabwe made by the Reserve Bank of Zimbabwe, whereby gold producers can both market and sell their gold directly and that they are able to retain 92.5% of their gold sales in foreign exchange.
  • Subject to the full implementation of the recent changes in the Monetary and Fiscal regime in Zimbabwe, in due course New Dawn anticipates moving into a full mining mode

Increasing Resource Growth

2 Responses to “New Dawn Mining Joins AGORACOM 100 With $7.48M In Revenue”

  1. Scott Peters says:

    Wow! First glance is tremendous, nice day too…up 27%. Thanks for bringing in the quality George, great job….

  2. Grandich Fan says:

    Looks like a very intruguing company George – definitely more DD required here. But congratulations on bringing another quality company into the fray.