In a compelling investment opportunity, New Dawn Mining Corporation
In a compelling investment opportunity, New Dawn Mining Corporation (TSX: ND), a Canadian company, announced it had taken an 89% equity interest in Central African Gold Plc, an AIM listed Zimbabwe gold producer, who operates the Falcon (100%) and Olympus (85%) group of mines in a deal valued at US$10ml.
New Dawn Mining is a Zimbabwe focused gold exploration and producing company. Its Turk and Angelus Mines are located in upper southwest of Zimbabwe. Annual output is 15,000 ozs. Adding on Falcon and Olympus Mines the gold production target on an annualised basis is 50/60,000 ozs in 12 to 18 months.