New Dawn Mining Corp.

Published : January 29th, 2013

Announcement

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
New Dawn Reports End of Work Stoppageat its Dalny Mine in Zimbabwe
 
Limited Gold Mining Operations Resumed

 

Toronto, Ontario, January 29, 2013 - New Dawn Mining Corp. (TSX: ND) ("New Dawn" or the "Company") announced that the illegal and unprotected work stoppage at its Dalny Mine in Zimbabwe, as previously reported on January 16, 2013, has ended.

 

The illegal work stoppage ended as a result of a Disposal Order issued in the Labour Court of Zimbabwe on January 25, 2013, which order declared, among other things, that the collective job action was unlawful, and that it be terminated forthwith and that employees should report for work immediately. As a result of the issuance of the Disposal Order, the employees returned to work, allowing the Company to resume limited gold mining operations at Dalny Mine. In accordance with the Disposal Order and applicable regulations, the Company implemented its standard internal processes as a result of this work stoppage.

 

Subsequent to the resumption of limited mining operations, Dalny Mine has been subject to disruptive actions by people who are not employees. These actions have impacted the continued resumption of operations at the mine and the Company's efforts to restore mine operations to economically viable levels.

 

Although mining operations had recently resumed at Dalny Mine, gold production had not reached the levels achieved prior to the work stoppage. Management is continuing to work on a mine recovery plan that it expects will incorporate changes to the Dalny Mine operating plan. The loss of gold production during the work stoppage, combined with the previously reported power issues at Dalny Mine, have further exacerbated the stresses on the Company's operations and working capital. As a result, the Company is reviewing and revising its business strategies to recognise changing operating and financial parameters.

 

The Company will provide further updates to shareholders as appropriate.

 

About New Dawn:

 

New Dawn is a junior gold company listed on the Toronto Stock Exchange that is focused on its gold mining assets and operations in Zimbabwe. New Dawn owns 100% of the Turk and Angelus, Old Nic and Camperdown Mines. In addition, through its Falcon Gold Zimbabwe Limited subsidiary, New Dawn currently owns 84.7% of the Dalny, Golden Quarry and Venice Mines, and a portfolio of prospective exploration acreage in Zimbabwe. With the exception of the Venice Mine, all of these mines are currently operational, and they are geographically divided into three major gold camps.

 

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

 

For Further Information:

 

Investor Relations Contact: Richard Buzbuzian +1 416.585.7890

 

Visit New Dawn on the internet: www.newdawnmining.com

 

E-mail New Dawn at: info@newdawnmining.com

 

Special Note Regarding Forward-Looking Statements:Certain statements included or incorporated by reference in this news release, including information as to the future financial or operating performance of the Company, its subsidiaries and its projects, constitute forward-looking statements. The words "believe," "expect," "anticipate," "contemplate," "target," "plan," "intends," "continue," "budget," "estimate," "may," "schedule" and similar expressions identify forward-looking statements. Forward-looking statements include, among other things, statements regarding targets, estimates and assumptions in respect of gold production and prices, operating costs, results and capital expenditures, mineral reserves and mineral resources and anticipated grades and recovery rates. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Such factors include, among others, risks relating to reserve and resource estimates, gold prices, exploration, development and operating risks, political and foreign risk, uninsurable risks, competition, limited mining operations, production risks, environmental regulation and liability, government regulation, currency fluctuations, recent losses and write-downs and dependence on key employees. See "Risk Factors" in the Company's Management's Discussion and Analysis - 2012. Due to risks and uncertainties, including the risks and uncertainties identified above, actual events may differ materially from current expectations. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. Forward-looking statements are made as of the date of this press release and the Company disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or results or otherwise.

 

 

 

This email was sent to .com by info@newdawnmining.com |  
Update Profile/Email Address | Instant removal with � | Privacy Policy.
New Dawn Mining Corp. | 116 Simcoe Street | Suite 301 | Toronto | Ontario | M5H 4E2 | Canada
Data and Statistics for these countries : Canada | Zimbabwe | All
Gold and Silver Prices for these countries : Canada | Zimbabwe | All

New Dawn Mining Corp.

EXPLORATION STAGE
CODE : ND.TO
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

New Dawn Mining is a gold exploration company based in Canada.

New Dawn Mining holds various exploration projects in USA.

Its main exploration properties are ANGELUS and TURK in Zimbabwe, BLUE DOT in South Africa and BLUE DOT in USA.

New Dawn Mining is listed in Canada. Its market capitalisation is CA$ 5.7 millions as of today (US$ 5.5 millions, € 4.1 millions).

Its stock quote reached its highest recent level on September 17, 2010 at CA$ 2.29, and its lowest recent point on October 11, 2013 at CA$ 0.06.

New Dawn Mining has 45 610 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of New Dawn Mining Corp.
2008 Annual report
2007 Annual report
Project news of New Dawn Mining Corp.
10/17/2013Reports Quarterly Consolidated Gold Production and Sales
1/23/2012Reports Record Sales and Gold Production
6/6/2011Increases its Ownership in Central African Gold to 100%
Corporate news of New Dawn Mining Corp.
1/21/2014AnnouncementCc:
1/3/2014AnnouncementCc:
12/6/2013AnnouncementCc:
11/19/2013AnnouncementCc:
11/14/2013Announcement
10/23/2013Announcement
10/11/2013Announcement
10/11/2013Receives Approval for its Indigenisation Plan
9/26/2013Moves Date for Special Meeting of Shareholders; Changes Fisc...
8/30/2013Shuts Down its Dalny Mine in Zimbabwe
5/14/2013Announcement
5/14/2013Reports Results for the Quarter Ended March 31, 2013
4/18/2013Announcement
2/14/2013Reports Results for the Quarter Ended December 31, 2012
1/29/2013Announcement
1/29/2013Reports End of Work Stoppage at its Dalny Mine in Zimbabwe
1/22/2013Quarterly Consolidated Gold Sales of US$16.6 Million for the...
1/16/2013Announcement
1/16/2013Reports Work Stoppage at Dalny Mine, Zimbabwe
1/16/2013Reports Work Stoppage at Dalny Mine, Zimbabwe
10/23/2012Announcement
10/4/2012Reports Court Approval to Acquire All Outstanding Minority S...
9/25/2012Announcement
5/15/2012Announcement
4/17/2012Announcement
3/13/2012Q1 Earnings Announcement
3/8/2012Announcement
2/24/2012Announcement
1/9/2012Announcement
9/1/2011Announcement
9/1/2011Announces Further Developments Resulting from Recent Discuss...
8/12/2011Announcement
7/14/2011Responds to Recent Erroneous Press Reports
5/16/2011Reports Net Income of $0.02 per share in Q2
4/27/2011Provides Update to Shareholders on its Zimbabwe Indigenisati...
4/19/2011Provides Corrections to April 13, 2011 Press Release
4/13/2011Announcement
3/28/2011Minimum Requirements for Indigenisation Implementation Plans
2/14/2011s from New Dawn Mining Corp.
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (ND.TO)
0.125+0.00%
TORONTO
CA$ 0.125
11/20 15:48 -
0%
Prev close Open
0.130 0.125
Low High
0.125 0.125
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.125 -3.85%
Volume 1 month var.
3,000 -3.85%
24hGold TrendPower© : -28
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/6/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.70-0.65%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 12.26+2.68%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-1.87%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.64-1.86%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 16.23+4.04%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24+4.26%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+2.63%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.88+0.53%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 52.71+0.19%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+5.56%Trend Power :