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New Dawn Mining Corp.(fka NEDMF)

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Last Post: 1/7/2014 6:25:40 PM - Followers: 0 - Board type: Free - Posts Today: 0

New Dawn is a Zimbabwe-focused junior gold company that is currently expanding production, with a targeted run rate of approximately 5,000 ounces of gold per month, equivalent to approximately 60,000 ounces of annualized gold production, by December 2012. New Dawn plans to further increase production at its existing properties to reach a targeted run rate of approximately 100,000 ounces of annualized gold production by December 2014. New Dawn owns 100% of the Turk and Angelus Mine, the Old Nic Mine and the Camperdown Mine. In addition, New Dawn has an approximately 85% equity interest in the Dalny Mine, the Golden Quarry Mine and the Venice Mine, and a large portfolio of prospective exploration acreage in Zimbabwe. These six mines, five of which are now operational, are divided into three significant gold camps, and have a combined milling capacity of 2,000 tonnes per day. In addition to gold production, New Dawn is also actively exploring on highly prospective ground employing modern exploration techniques and deploying capital in Zimbabwe, a country that is proven to be geologically rich, highly prospective, and significantly under explored. All properties and exploration projects are located in Zimbabwe.
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