Oct 18 New Dawn Mining's quarterly gold
sales nearly tripled as the Canadian company, which has
operations in Zimbabwe, gained from higher gold prices and
During July-September, gold sales rose to $14.06 million, at
an average selling price of $1,705 per ounce, compared with
$5.06 million at a selling price $1,239 an ounce, a year ago.
Production for the quarter more than doubled to 8,814
The company, which owns three large gold deposits in
Zimbabwe, aims to produce 60,000 ounces of gold by the end of
next year, and ramp up output to 100,000 ounces by the end of
2014, it said in a statement.