Toronto, Canada — MININGREVIEW.COM — 18 December 2009 – New Dawn Mining Corp. – a TSX-listed and Canadian-based mining junior focused on gold in Southern Africa – has achieved steady state production at its Turk mine in Zimbabwe, and has immediately announced its intention to increase production.
Revealing this in a statement issued here, New Dawn president and CEO Ian Saunders confirmed that the company was also advancing its exploration activities on its portfolio of past gold producers in Zimbabwe.
The New Dawn announcement reported that November gold production at Turk mine had decreased slightly to 1 130, as compared to 1 235 ounces in October 2009. It said that November gold production was in line with management’s expectations, and that the marginal decease in production had been primarily attributable to one less production day in November as compared to October.
Gold sales for November 2009 had totaled almost US$1.4 million (R10.5 million) at an average sales price of US$1 138/oz.
New Dawn owns and operates the Turk and Angelus Mines in the upper southwest area of Zimbabwe. They have the potential to produce an estimated 35 000 to 50 000 ounces of gold per annum.