adminThe Canada-based company said it had installed the mills at its Dalny and Golden Quarry mines to bring to 11, the number of mills at its mines.
“As a result of the two additional ball mills recently becoming operational, New Dawn now operates a total of 11 mills at four gold producing sites in three separate gold camps in Zimbabwe 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, a 50 percent increase over the anticipated annualised run rate of 40 000 ounces in the fourth calendar quarter of 2011,” the company said in a statement.
It said as part of efforts to reach its production objectives, New Dawn had signed continuous power supply agreements with Zesa for three of the four gold producing sites and was installing the requisite infrastructure at the fourth site to allow for the signing of a fourth continuous power supply agreement.
New Dawn owns the Turk/Angelus Mine Complex, the Old Nic Mine and the Camperdown Mine. It 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 Zimbabwe.
These six mines, five of which are now operational, are divided into three significant gold camps, and the company is in the process of expanding production at these sites.
In addition to gold production, New Dawn said it was also actively exploring on highly prospective ground employing modern exploration techniques and deploying capital in Zimbabwe, a country that was proven to be geologically rich, highly prospective, and significantly under explored.
Online Reporter
Bongani Ndlovu