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Agoracom
The Small Cap Epicenter
The Small Cap Epicenter
AGORACOM WIRE - FRIDAY MAY 25TH, 2012
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New Dawn’s Turk and Angelus Mines in Zimbabwe 35,000 to 50,000 oz Potential Gold Production Expansion Plans Fully Funded From Operating Cash Flow The Company has implemented a program to increase its current production at its Turk and Angelus Mines in Zimbabwe to an annual production rate of 35,000 to 50,000 ounces of gold. Targets: · Turk Mine is expected to achieve its first annual production target of 14,000 ounces of gold in October 2009. · The next annual production target of 22,000 to 23,000 ounces of gold is expected to be reached by the end of the third quarter of calendar 2011. · Management also intends to test a new lower energy fine grinding technology that, if successful, is expected to both improve recoveries and further lower cash costs to below $400 per ounce of gold produced. New Dawn Mining Corp. IR Hub
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