Agoracom Blog

New Dawn Mining (ND:TSX) Resumes Full-Scale Gold Mine Operations

Posted by AGORACOM at 9:02 AM on Monday, May 4th, 2009

New Dawn’s Turk Mine in Zimbabwe Resumes Full-Scale Mine Operating Program

I’m very proud to announce that AGORACOM client, New Dawn Mining, is back to full gold mining operations on their Turk Mine in Zimbabwe. This is a company that produced ~ 8,650 ounces and $US 7.5 million in revenue in 2008.

Highlights from the press release include:

Key Points:

  • New Dawn’s 100% wholly-owned Turk Mine in Zimbabwe has resumed full-scale mining operations
  • The current initial production rate of 250 tonne targeted to rise to 400 tonnes per day to achieve a production target of 1,150 to 1,200 ounces of gold per month at a average cash cost of US$425 to US$450 per ounce
  • Total existing capacity at Turk Mine is currently rated at 400 tonnes per day, but current expansion projects, which are nearing completion, will increase existing capacity to 650 tonnes per day. New Dawn plans for further production increases every 6 to 9 months thereafter to maximize existing capacity
  • During the restarted mine development program, which was reported on 26th February 2009, until the commencement of full-scale mining operations in early May 2009, New Dawn’s gold sales totaled approximately US$1,300,000

  • 11 years of proven and probable mine reserves at October 2009 production rates
  • Two recent NI 43-101 reports documented an aggregate of 969,546 ounces of gold reserves and resources grading between 2.9-6.1 g/t, with additional inferred mineral resources of 355,873 ounces of gold grading between 3.90 – 5.91 g/t.

New Dawn Mining IR Hub

New Dawn Mining Profile

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