With Gold priced over $1100 $USD/oz, Gold producing companies like AGORACOM client New Dawn Mining benefit from high gold prices. This is even more compelling, when the Company releases news that it had a 43% Increase in Gold Sales for the Quarter. Assume I am horribly conflicted by the fact that New Dawn Mining is an AGORACOM client and do your own due diligence. Here is an excerpt of the New Dawn press release:
New Dawn Reports Gold Sales from its Turk Mine in Zimbabwe for the Quarter ended December 31, 2009
43% Increase in Gold Sales for the Quarter
Highlights:
-Gold sales of US$3,969,338 for the quarter ended December 31, 2009, as compared to US$2,779,692 for the quarter ended September 30, 2009, an increase of 43%
-3,239 ounces of gold produced for the quarter ended December 31, 2009, as compared to 3,064 ounces of gold produced for the quarter ended September 30, 2009, an increase of 5.9%
-Average price per gold ounce of $1,101 during the quarter ended December 31, 2009, as compared to $956 for the quarter ended September 30, 2009
-At December 2009 month-end, an additional 393 ounces or 12.2 kg’s of gold awaited export for sale in South Africa, and will be included in January 2010 sales
-100% of gold sales were received in US Dollars
January 13, 2010 – New Dawn Reports Gold Sales from its Turk Mine in Zimbabwe for the Quarter ended December 31, 2009