Published: 17 July 2013

New Dawn Mining reported consolidated gold production for the quarter ended June 30, 2013 of 9,986 ounces as compared to consolidated gold production for the quarter ended June 30, 2012 of 9,536 ounces, an increase of 4.7%.

As compared to consolidated gold production for the previous quarter of 9,253 ounces, consolidated gold production for the current quarter increased by 7.9%.

Consolidated gold sales for the quarter were $13,619,738, as compared to $15,162,843 for the quarter ended June 30, 2012, a decrease of 10.2%.  The average sales price per ounce of gold was $1,399, as compared to US$1,608, a decrease of $209 or 13.0%.  The lower average sales price per ounce of gold more than offset the positive impact on gold sales of the 4.7% increase in gold production in the current quarter.

As compared to consolidated gold sales for the previous quarter of US$14,986,200, consolidated gold sales for the current quarter decreased by 9.1%.  The average sales price per ounce of gold was $1,399 as compared to $1,608, a decrease of US$209 or 13.0%.

100% of proceeds from gold sales were received in US dollars.

At June 30, 2013, an additional 2,187 ounces of gold awaited export documentation for sale in South Africa, and will be included in July 2013 sales.

The Company will file its unaudited consolidated financial statements and related materials for its fiscal third quarter ended June 30, 2013, and report its consolidated results of operations for such period, on or before the filing deadline of August 14, 2013.  
- businessdaily

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