adminDalny and Golden Quarry gold mines, respectively.
Following the development, the company now operates a total of 11 mills at four gold producing sites in three separate gold camps in the country, with a total ore processing capacity of 2 000 tonnes per day.
“The increased milling capacity is a major step towards achieving New Dawn’s target of an annualised gold production run rate of 60 000 ounces by the fourth calendar quarter of 2012. We also anticipate a 50 percent increase over the anticipated annualised run rate of 40 000 ounces in the fourth calendar quarter of 2011,” said New Dawn on its website.
As part of New Dawn’s efforts to reach its production objectives, the company signed continuous power supply agreements with Zesa for three of the four gold producing sites. It is also currently installing the requisite infrastructure at the fourth site to allow for the signing of a fourth continuous power supply agreement.
The Toronto Stock Exchange-listed company owns three gold mines, namely the Turk/Angelus Mine Complex, the Old Nic Mine and the Camperdown Mine.
The company also has an approximately 85 percent equity interest in the Dalny, Golden Quarry and Venice mines, and a large portfolio of prospective exploration acreage in the country.
Online Reporter
- Herald
- July 31, 2026
- 15 views
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