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Salaam bro! Welcome to the world of NWGC
NWGC has the potential to be big just like DMMIF and get to dollar land! Similar companies with gold reserves in Ecuador and mills in Zaruma :)
*NEWS*: New World Gold Corporation to Begin Production on Zumba Project
New World Gold Corporation (OTC Pink: NWGC) a gold mining and milling company with existing operations in Ecuador and Peru is pleased to announce its Zumba Project is ready to begin production. The initial daily production will be 40 Tons of ore per day with a head grade of 4.0 grms of gold per ton. This will produce 160 grm (5.2 Ozs) of gold per day. Initial monthly production will be 4000 grms (130 ozs) of gold per month generating cash flow of $162,500 per month. Within 90 days from initial production, the daily production will be 80 tons of ore per day with an average head grade of 4.0 grms per ton. This will generate 320 grms (10.3ozs) of gold per day, and cash flow of $321,875 per month.
The ultimate production level for the Zumba project is expected to be 125 tons of ore per day with an average head grade of 4.0 grms of gold per ton. This will generate 150,000grms (4800 ozs) of gold per year. The Company believes that it can maintain this production rate for a minimum of 7 years based on current reserves. The Company expects to increase reserves.
Let's not compare the creation with its creator now :P
The constant negativity on this board :P
Link to financials just posted today :))
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=124660
I can upload it if it keeps u quiet :P
Great time to BUY iMO - once this negative phase is over we won't look back, soon these bashers will be non existent :)) ??
You know already that its not updated, so obviously it will have old news on it. If he wanted to mislead people then he wouldn't bother discussing plans about a new website. You'll feel better when its up and running, no point discussing this further, its in the works, so lets be patient.
Also, CEO has already addressed the Montana story on the CC, its history now.
The future is bright... the future is GOLDEN :))
Why would you think its today? Did you not listen to the CC?
Website will be revamped within the next 2 weeks as per CC, everyone knows the current site hasn't been updated and this had already been addressed on the CC by CEO :))
And why is that?
BUYBACK - Transcript of CEO's CC :)
"What we’re also looking at doing is enhancing the shareholder value and to enhance the shareholder value there’s a variety of things the company can do. The fact that we have excess cash flow right now, gives us the ability to take certain steps to enhance the value of this stock. We expect to make announcements over the next little while, as to what we’re doing and how we’re doing it.
Some of the things people have asked is to do a buyback. The issue with part of a buyback, is that you have to have financial statements that show that you have been profitable for 2 years. We have those financial statements, we meet all of our criteria financially and corporately, to be able to do something like a buyback or other issues as we go along."
Yep it was indeed but every week is not the same... Longs are in it for months so weekly ups and downs does not matter :)
Ill post the audio shortly for all :)
Well if anyone wants to do a transcript then they can go ahead i can send them the audio if thats alright.
Hey Bux i can upload the audio for everyone to download. Wouldn't have the time to get a transcript done tbh... Anyone else wanna try go ahead it would most definitely be beneficial :)
Anyone wanna hear the CC again? I got a recording, maybe i should post it up :P
Hilarious lol !!
NEWS ** NWGC Continues to Show Growth in Operations Through Increases in Revenue and profits
http://t.co/zmFfcg6phb
New World Gold Corporation (OTC Pink:NWGC), a gold mining and milling company with existing operations in Ecuador and Peru, shows growth through increased revenues and profits for the second quarter ending June 30,2014.
The financial results for the second quarter ending June 30, 2014 show revenues of $4,990,196 versus $3,641,305 last year. This represents an increase of 37% over the second quarter ending June 30,2013. For the period ending the second quarter June 30, 2014, the Company had net profits of $1,503,621 versus $822,172 last year. This represents an increase of 82.9% over the second period ending June 30,2013.
The Balance Sheet shows total assets at $12,537,025 at June 30, 2014 versus $8,560,935 last year. The ratio of asset to liability is 2.6 to 1. The Company continues to show growth in assets, revenues and profits.
New World Gold Corporation trades in the United States on the OTC Pink under the symbol “NWGC”. For further information, please contact the Company at 561-210-8496 or www.newworldgoldcorp.com or investors can find real time quotes and market information for the Company on www.otcmarkets.com.
NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and New World Gold's ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. New World Gold is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences except as required under applicable law.
New World Gold Corporation
Robert Talbot, 561-210-8496
www.newworldgoldcorp.com
Has the site been updated recently? I dont remember seeing it like this a few weeks ago... www.newworldgoldcorp.com
Wow down 60pc lol wouldnt take too much to bring it back up
fair enough, if thats ur strategy ur free to do so.. but i doubt anyone will sell here and move to zoloto, u cant compare that to this beast! One day u might just get the volume u need for zoloto :P
Dilution? No disrespect but thats nonsense unless you can back it up. Ps it seems ur doing most of the promo for zotoro :P
How comes ur always diverting everyones attention to zoloto? :P
5mill on the bid :)
Big ask slappin goin on!
2-3mill :)
Gosh look at those bids :)
Time to roll over the 90s
Recent tweets:
@silkdynastystx: $NWGC I'm alerting for a green day tomorrow... I'd buy at open:)..
@computerbux: $NWGC We know there is a whale buying up cheapies today :)
U mean bid :P
Not surprised, there's always a bunch of comedians come monday morning :P Holding tight and expecting Q2 report to drop the bomb!
Anyone know if this is on a chill list?
NEWS!!: Zoloto Resources Ltd Completes Independent Testing
BOCA RATON, FL -- (Marketwired) -- 06/12/14 -- Zoloto Resources Ltd (PINKSHEETS: ZRSCF) with milling operations in Ecuador, has completed independent analysis of the initial tailings pile for the Zumba mill. The mill was designed to be economical based on a minimum head grade of 2.5 gms of gold per ton which would generate 2 kilograms (63 ozs) of gold per concentrator per month. The independent analysis showed that the head grade will average 6.1 gms per ton which will generate 5.0 kilograms
(154 ozs) of gold per concentrator per month. In addition to the gold content, the analysis of the ore has indicated that there is an average grade of 29.16 gms of silver per ton.
The Zumba mill will be operational by August 15, 2014. Zoloto will receive revenue from processing the ore as well as a percentage of the gold and silver produced.
The Company will continue pursuing milling opportunities in Ecuador. The current processing capacity of the mill will be 50 tons. The processing capacity will be increased to 100 tons per day by October 2014.
The Company has created a new website with updated information info@zolotomining.com in addition to a existing site www.zolotogold.com.
Zoloto Resources Ltd trades in the United States on the OTC Pink under the symbol "ZRSCF." For further information, please contact the Company at (561)210 8317 or investors can find real time quotes and market information for the Company on www.otcmarkets.com
NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties, results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and Zoloto's ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. Zoloto Resources is not obligated to publicly release revisions to any forward-looking statement, to release events or circumstances afterward or to disclose unanticipated occurrences except as required under applicable law.
Zoloto Resources Ltd
(561) 210 8317
Source: Zoloto Resources Ltd
NEWS: SmallCap IR Analyst Report!!
New World Gold, Corp. (OTCBB: NWGC) FULL REPORT
The Company makes a profit from the milling process as well as getting a percentage of the gold and silver that it produces for the independent miners. NWGC currently processes ore for 7 mines. It is expected that this will increase to 12 mines by August as well as processing their own reserves. The new mill, with a projected start up in August 2014, is expected to be at capacity immediately.
The Company increased both revenue and profits in the first quarter of 2014. The Company is anticipating an excellent second quarter with increased revenues and profits. With the startup of the new mill in the third quarter, the second half of the year is projected to produce very positive financial results.
The Company continues to show significant growth with improved revenues and profits in existing operations. Revenue for the First Quarter ended March 31, 2014 was $2,488,516 versus $1,673,919 last year. This is an increase of $814,597 (48.7%). The net profit for the first quarter ended March 31, 2014 was $750,608 versus $378,164 last year, an increase of $372,444 (98%).
New World Gold Corporation also announced it has begun construction on a new 60 ton per day mill in Ecuador. It is projected that this mill will be fully operational August 15, 2014. Based on new additional contracts, this mill is projected to generate in excess of $2.0 million per year net. This represents a substantial increase in cash flow. The company now has the capability to process over 500 tons of ore per day in Ecuador and Peru.
The Company has started to make its mills environmentally sensitive by upgrading its mills, adding flotation cells and eliminating the use of chemicals. It uses portable concentrators that allow the company to process ore and tailings in remote places. It does not use mercury or cyanide and has lower power requirements and high capacity. With its mills, the company is able to offer miners with no milling capability the option to get their ore processed. The company gets paid for the milling and gets a percentage of the gold and silver produced. At the same time the Company processes its own reserves.
The Company intends on pursuing both milling and mining opportunities in both Ecuador and Peru. The fact that the Company has the capability of milling its own reserves and the ability to do contract milling gives it a huge advantage over the majority of small gold mining corporations. The Company had record revenue and profits for the year ended December 31, 2013. In the first quarter ended March 31, 2014 the revenues and profits continued to grow. The company expects revenues and profits to grow in 2014.
Ecuador eyes $2B in Chinese financing by August for refinery project http://t.co/pRxu4t3j81 $PTR
695000oz x $1245 Gold Rate = approximately $865m !
New World Gold Corp (NWGC) has invested in Andes Gold Corp ( AGCZ) and currently owns approximately 81% of the shares of Andes Gold. The yearend balance sheet for New world Gold currently shows the investment in Andes at $599,330. Andes Gold Corp (AGCZ) trades on the OTC Pink Sheets with an approximate market value of $60,000,000. Based on its ownership of Andes, New World's investment in Andes has a current value of $48,000,000.