New World Gold Increases Milling Capacity: Moves to 24 Hour Operations
New World Gold Corporation (PINKSHEETS: NWGC), a gold mining company with existing operations in Ecuador and Peru, has increased its milling operation through contract milling with independent miners.
By increasing contract milling, the Company is moving from operating its mills on 12 hour shifts to 24 hour shifts by June 1, 2013. This will increase the amount of ore that the Company is able to process by 65% in each mill.
The contract milling gives the independent miners a set processing price that they can depend on for processing their ore and fixes the profit that the company generates processing the ore despite the volatile price changes in gold. Increasing the operating hours of the mills through contract milling substantially increases the cash flow of the Company.
New World Gold Corporation trades in the United States on the OTC Pink under the symbol "NWGC." For further information, please contact the Company at (561) 210 8496 or www.newworldgoldcorp.com or investors can find real time quotes and market information for the company on www.otcmarket.com. A complete financial report is available online at: http:/www.otcmarkets.com/stock/NWGC/financials.
NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and New World's ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. New World Gold is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences except as required under applicable laws.
New World Gold Corporation
(561) 210 8496
www.newworldgoldcorp.com
New World Gold Corporation (PINKSHEETS: NWGC), a gold mining company with existing operations in Ecuador and Peru, has increased its milling operation through contract milling with independent miners.
By increasing contract milling, the Company is moving from operating its mills on 12 hour shifts to 24 hour shifts by June 1, 2013. This will increase the amount of ore that the Company is able to process by 65% in each mill.
The contract milling gives the independent miners a set processing price that they can depend on for processing their ore and fixes the profit that the company generates processing the ore despite the volatile price changes in gold. Increasing the operating hours of the mills through contract milling substantially increases the cash flow of the Company.
New World Gold Corporation trades in the United States on the OTC Pink under the symbol "NWGC." For further information, please contact the Company at (561) 210 8496 or www.newworldgoldcorp.com or investors can find real time quotes and market information for the company on www.otcmarket.com. A complete financial report is available online at: http:/www.otcmarkets.com/stock/NWGC/financials.
NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 involving risks and uncertainties. Results, events and performances could vary from those contemplated. These statements involve risks and uncertainties which may cause actual results, expressed or implied, to differ from predicted outcomes. Risks and uncertainties include but are not limited to product demand, market competition and New World's ability to meet current and future plans. Investors should study and understand all risks before making an investment decision. Readers are recommended not to place undue reliance on forward-looking statements or information. New World Gold is not obligated to publicly release revisions to any forward-looking statement, to reflect events or circumstances afterward, or to disclose unanticipated occurrences except as required under applicable laws.
New World Gold Corporation
(561) 210 8496
www.newworldgoldcorp.com
