Toronto, Canada — MININGREVIEW.COM — 06 February 2006 – New Dawn Mining Corporation – a junior gold company concentrating its efforts in southern Africa – says the full mine development work programme at its Blue Dot project in South Africa has now re-commenced.
A news release issued here today said the company had completed hiring new employees to replace those terminated. Management believed that a more effective and efficient work force was now in place. It added that during the work stoppage, mine management had used the opportunity to clean up underground areas and treat surface stockpiles while keeping the mill running.
“Notwithstanding the strike, we covered our project costs associated with our development programme from our recent gold production, and we expect to continue to do so through March 2009,” said company president and CEO Ian Saunders. “This occurred despite poor weather and an overall difficult operating environment.”
During the mine development process, Blue Dot recently completed pouring its third gold dore bar. “As a result of such gold production, Blue Dot has been in a cash neutral position since December 2008,” the release pointed out..
The company anticipates announcing a production decision for Blue Dot in the near future.
New Dawn is well established in southern Africa with three mines, two production facilities, a skilled and experienced workforce and significant resources.