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Message: New Dawn Mining Landing Page

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New Dawn Mining Landing Page

posted on Feb 18, 09 08:34AM

In 2008 New Dawn Mining produced 8,651 oz of gold and generated $US 7.48 million in sales.

An emerging gold exploration company with one producing mine, New Dawn is concentrating its exploration and mine development efforts on gold projects in Zimbabwe, and South Africa. They produced 8,651 oz of gold in 2008 & generated US$7.48M in gold sales in Fiscal 2008. As well, the company retains an NI 43-101 compliant resource of 977,819 oz. (3.9-5.0 g/t) gold reserves, with additional inferred mineral resources of 347,600 oz. (5.1g/t) gold.

Symbol: ND-TSX / Shares Outstanding: 29,015,000 / Market Cap: $14.5M

On February 26th, New Dawn Mining announced:

New Dawn's Turk Mine Moves from Care and Maintenance to Mine Development

Its 100% owned Turk Mine in Zimbabwe is moving from care and maintenance to active mine development. The decision by management came as a result of the recent positive changes to the Monetary Policy in Zimbabwe made by the Reserve Bank of Zimbabwe, whereby gold producers can both market and sell their gold directly and that they are able to retain 92.5% of their gold sales in foreign exchange.

Subject to the full implementation of the recent changes in the Monetary and Fiscal regime in Zimbabwe, in due course New Dawn anticipates moving into a full mining mode

Increasing Resource Growth