Agoracom Blog

New Dawn Mining Reports Six Consecutive Months of Increased Gold Production

Posted by AGORACOM at 9:32 AM on Friday, October 16th, 2009


AGORACOM Client, New Dawn Mining (ND:TSX) is the kind of junior gold company most investors dream about.  Yes, assume I am horribly conflicted by the fact New Dawn is a client of AGORACOM – then take a look at the revenue and production numbers coming out of the company.  With September production numbers now in, the company has delivered 6 consecutive months of increasing gold production.  The company’s timing could not be better as gold bullion prices have started to hit their stride in 2009 and are currently sitting within a few dollars of their all-time high.

In addition, New Dawn recently announced the implementation of a program to increase annual gold production to approximately 23,000 ounces by Q3 2011 and, beyond that, 35,000 – 50,000 ounces.  That would be a significant increase from its current annual run rate of 14,000 ounces.

To this end, New Dawn recently reported that gold production at its Turk Mine in Zimbabwe for September 2009 was 1,029 ounces or 32 kg’s, as compared to 1,019 ounces or 31.7 kg’s produced in August 2009.

Highlights Include:

  • Gold sales for September 2009 were US$965,900 at US$988 per ounce average gold price
  • At September 2009 month-end, an additional 733 ounces or 22.8 kg’s ofgold were awaiting export for sale in South Africa, which will be included in October 2009 sales
  • 100% of gold sales were received in US Dollars
  • September 2009 marks the 6th consecutive month of increased gold production

Click on link below to read entire press release:

New Dawn’s Turk Mine in Zimbabwe – Six Consecutive Months of Increased Gold Production

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One Response to “New Dawn Mining Reports Six Consecutive Months of Increased Gold Production”

  1. JC says:

    Looks like an interesting play. I like the fact that they are currently in production and consistently increasing it quarter by quarter. Today’s gold prices will offer really nice margins in a historically low cost region that is Zimbabwe.