CAG board left in the dark on New Dawn deal

The board of Aim-listed Central African Gold (CAG) said on Thursday that TSX-listed New Dawn Mining had bought a major stake from its three biggest shareholders without the board's involvement or knowledge. New Dawn announced on Wednesday that it...

New Dawn buys 89% of Central African Gold

TSX-listed New Dawn Mining has bought around 89% of Central African Gold (CAG) from the company's three biggest shareholders. New Dawn also bought the convertible and nonconvertible debt owed by CAG to the sellers, which amounted to some...

African miners open TSX trading day

A delegation of African mining companies and stakeholders led the market-opening ceremony at the Toronto Stock Exchange on Wednesday. Randgold Resources CEO Mark Bristow opened the market by placing his hand on the TSX plasma screen, and the...

New Dawn reports work stoppage at Blue Dot project in SA

TSX-listed gold junior New Dawn Mining said that operations at its Blue Dot development project in South Africa had stopped, as workers downed tools over higher wages. The National Union of Mineworkers (NUM) is demanding a 20% wage increase from...

May output up 10% at New Dawn's Zimbabwe mine

TSX-listed New Dawn Mining produced 916 oz of gold during May at its Turk mine, in Zimbabwe, an increase of 10,1% compared with output figures for April. It had originally estimated production for May at between 750 oz and 805 oz, New Dawn said...

Work resumes at New Dawn’s gold development project in SA

Emerging Canadian gold-miner New Dawn Mining has restarted development work at its Blue Dot project, in the North West province of South Africa, following an illegal work stoppage by workers in February. The hiring of new employees to replace...

Zim's new bullion marketing policy well received by beleaguered gold-mining sector

Stakeholders in Zimbabwe’s ailing gold-mining industry have warmed to the recent bullion marketing policy changes announced by the Reserve Bank of Zimbabwe, with UK-based Mwana Africa and Canada- based New Dawn Mining indicating that they may...

Yet another Zim gold mine suspends operations owing to late forex payments

Another Zimbabwean gold-miner has closhed shop owing to failure by Reserve Bank of Zimbabwe (RBZ) subsidiary Fidelity Printers to pay producers of the yellow metal huge sums in US dollars for deliveries dating back to early this year.