17 January 2018
   
ED takes over Bob's globe-trotting too?
$150m waste: Vic Falls airport shocker
Grace, Bob sanctions review in February
Africa handled Mugabe ouster: Namibia Pres
SA: Student fails; kills Zim teacher
Zim family still at Thailand airport
Mnangagwa off to Zambia Friday
Special corruption courts soon: CJ Malaba
MORE NEWS
SMM saga: Letter to RBZ chairperson
Minister sells post-Bob Zimbabwe in Spain
MORE BUSINESS
Racism: Malema party storms H&M stores
Donel Mangena rocks The Voice UK
MORE SHOWBIZ
Mourinho says 'relaxed' about Sanchez
Bangladesh easily beat Zimbabwe
MORE SPORTS
'Shit-hole': Just Take moral high ground
ZHUWAO BRIEF: ED-iots and election delay
MORE OPINION
 
Trump rage ignores truth: A response
ED govt legitimacy & the church’s role
MORE COLUMNISTS
 
 
New Dawn production up 2 percent
18/04/2013 00:00:00
by Business Reporter
 
 
RELATED STORIES
Miners fight 25 percent pay cut
Dalny mine closure pegs New Dawn back
Miner cuts wages as gold price dips
New Dawn to complete Falcon takeover

CANADA based gold miner New Dawn Mining on Thursday said it has produced 2% more gold from its five mines quarter-on-quarter in the first quarter ended March 31.

The junior produced 9,253 oz in the period, of which 8 612 oz was attributable to New Dawn, after adjusting for the minority interests' share of gold production.

When compared with production of the first quarter 2012, this was a 5.9% improvement.

Consolidated gold sales for the quarter totalled $14.98-million, compared with $14.85-million in the same quarter a year earlier and $16.61-million in the previous quarter.

The average sales price was $1 608/oz of gold, which was lower than the corresponding quarter a year earlier, and was mainly to blame for working against the improved production to raise revenue.

New Dawn said as at the end of March, 1,927 oz of gold awaited export documentation for sale in South Africa, and would be included in April’s sales.

The company was early in the quarter impacted by an illegal and unprotected work stoppage at its Dalny mine, which ended following a ‘disposal order’ being issued in the Labour Court of Zimbabwe.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker