New Dawn’s targets

Canadian-based firm, New Dawn Mining Corporation, said last week’s commissioning of two new ball mills at its Zimbabwean subsidiaries would enable it attain its gold production targets by the end of 2012.

Ahead of the weekend, New Dawn announced the completion of the commissioning of two new ball mills, one each at its Dalny and its Golden Quarry gold mine sites in Zimbabwe.

“The increased milling capacity is a major step towards achieving New Dawn's target of an annualized gold production run rate of 60 000 ounces by the fourth calendar quarter of 2012, a 50 percent increase over the anticipated annualized run rate of 40 000 ounces in the fourth calendar quarter of 2011,” the company said in a production update.

The company targets further increasing annualized gold production at its existing properties to 100 000 ounces by the end of 2014.

As a result of the two additional ball mills recently becoming operational, New Dawn now operates a total of 11 mills in Zimbabwe.

Post published in: Business

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