Key Highlights: New World Gold has 5 producing go
Post# of 108
Posted On: 01/21/2014 8:02:50 AM
Key Highlights:
New World Gold has 5 producing gold mines.The Company has 3 fully operating mills with a combined capacity of 380 tonnes per day.The average head grade of the ore being processed is 1.0 oz of gold and 15 gm of silver per tonne of ore.The Company processes ore from other mines increasing cash flow and profits.The Company has proven reserves in excess of 695,000 oz of gold.The Company has probable reserves greater than 1,200,000 oz of gold.The Company is working to change these reserves from probable to proven.New World Gold will continue to increase reserves through acquisitions.The Company continues to have an active reclamation program.The Company had record revenues and profits in 2011 and expects to exceed these results in 2012
New World Gold has 5 producing gold mines.The Company has 3 fully operating mills with a combined capacity of 380 tonnes per day.The average head grade of the ore being processed is 1.0 oz of gold and 15 gm of silver per tonne of ore.The Company processes ore from other mines increasing cash flow and profits.The Company has proven reserves in excess of 695,000 oz of gold.The Company has probable reserves greater than 1,200,000 oz of gold.The Company is working to change these reserves from probable to proven.New World Gold will continue to increase reserves through acquisitions.The Company continues to have an active reclamation program.The Company had record revenues and profits in 2011 and expects to exceed these results in 2012
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