New Dawn Mining to Focus on Zimbabwe Turk Mine Expansion, Exploration and Consolidation Strategy

New Dawn Mining Corp. reports that in light of substantial opportunities now present in Zimbabwe, New Dawn intends to focus exclusively on expanding output at its Turk and Angelus Mine in Zimbabwe, furthering exploration on its options claims in Zimbabwe, and pursuing acquisition opportunities in Zimbabwe that are value accretive. In pursuing its Zimbabwe focused growth strategy, management has determined... 

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New Dawn’s Turk Mine in Zimbabwe Resumes Full-Scale Mine Operating Program

Ian R. Saunders, President and CEO of New Dawn Mining Corp. announced that New Dawn’s 100% wholly-owned Turk Mine in Zimbabwe has resumed full-scale mining operations. The current initial production rate of 250 tonnes per day should result in approximately 700 to 750 ounces of gold being produced monthly at an average cash cost of approximately US$500 to US$550 per ounce. Over the next several... 

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Significant Monetary Policy Changes Announced in Zimbabwe

New Dawn Mining Corp. commented on the recent Monetary Policy Statement released by the Governor of the Reserve Bank of Zimbabwe (“RBZ”) and the encouraging impact that the new policy statement potentially has to New Dawn’s mining operations in Zimbabwe. In general, the proposed changes detailed in the new MPS are far reaching and are expected to have a significant and positive impact... 

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New Dawn Mining Corp. Provides Update on Operations in Zimbabwe

New Dawn Mining Corp. reported that it has determined to suspend gold production at the Turk Mine in Zimbabwe and place the mine on temporary “care and maintenance” effective October 3, 2008. This action was taken as a result of the continued non-payment of amounts receivable for the sale of gold to the Reserve Bank of Zimbabwe, as well as excessively high operating costs caused by unrealistic...