New Dawn Production Stable

Production at New Dan Mining has stabnilised and the company now looks at how it would increase capacity.

President and CEO of New Dawn, Ian Saunders said Turk mine would now be the focus.

“Now that we have achieved a steady state production level, our focus will be to utilize the recently increased processing capacity at Turk Mine – now at 580 tonnes per day – to further increase gold production,” commented Ian R. Saunders, President and CEO. “In addition to continuing our efforts to increase production at the Turk Mine, we are also advancing our exploration activities in Zimbabwe on our portfolio of past gold producers.”

At November 2009 month-end, an additional 500 ounces or 15.5 kg’s of gold were awaiting export for sale in South Africa, which will be included in December 2009 sales

New Dawn reported that gold production at its Turk Mine in Zimbabwe for November 2009 decreased slightly to 1,130 ounces or 35.2 kg’s, as compared to 1,235 ounces or 38.4 kg’s produced in October 2009.

November gold production was in line with management’s expectations; the marginal decease in production was primarily attributable to one less production day in November as compared to October.

Gold sales for November 2009 totalled $1,367,000 at an average sales price of $1,138 per ounce. At November 2009 month-end, an additional 500 ounces or 15.5 kg’s of gold awaited export for sale in South Africa, as compared to 558 ounces or 17.4 kg’s of gold at October 2009 month-end. Gold held for export at month-end is included in sales in the following month.

100% of New Dawn’s gold sales from the Turk Mine were received in US dollars.