(ND:TSX)
With gold continuing to make new highs, companies like AGORACOM client New Dawn Mining are going to benefit, especially with news like this (see below). Â As always, assume I am horribly conflicted by the fact that New Dawn Mining is an AGORACOM client and do your own due diligence.
To begin your DD, make sure to review my blog coverage of New Dawn Mining.
One thing is certain. Â There is no escaping the fact that New Dawn is a real company with real gold production and real revenues. Â In fact, the company has only served to increase production for 7 consecutive months now. Â The fact that New Dawn can finance expansion of processing capacity from their own cash flows is proof positive of their success.
It’s up to you to decide what you are willing to pay for these fundamentals.
With respect to today’s press release, highlights include:
· Processing capacity at Turk Mine increased to 580 tonnes per day, a 45% increase from previous processing capacity of 400 tonnes per day
· Expansion of processing plant at Turk Mine fully funded from operating cash flows
· Installed production capacity at Turk Mine now at 22,000 to 23,000 ounces of gold per annum
Click on link below to read entire press release:
November 18, 2009 – New Dawn Increases Gold Production Capacity at Turk Mine in Zimbabwe by 45%
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