New World Gold Corporation Begins Processing Other Miners' Ore in Peru
05 Fevereiro 2013 - 10:00AM
Marketwired
New World Gold Corporation (PINKSHEETS: NWGC), a gold mining
company with existing operations in Ecuador and Peru, today
announced that it has agreed with a medium sized mining company in
Peru to process 1000 tons of ore per month in its mill at Los
Lomas. The mining company has an existing mill that is at capacity
and does not have a flotation cell to process concentrate. The NWGC
mill at Los Lomas has a flotation cell and can process ore that
cannot be processed in their mill.
The Los Lomas mill currently has a capacity of 100 tons per day.
This contract will significantly increase the cash flow and
profitability of the Los Lomas mill and justify the cost to
increase the capacity of the mill to 150 tons per day. The Company
expects to process 100 tons per day of its own ore by August 2013.
The Los Lomas mill with its flotation cell is able to process gold,
silver and copper. We are the only mill in the area that can
process all three minerals. It is expected that cash flow and
profits from the Los Lomas operation will continue to increase as
the Company develops its operations in the area. Previously
released (January 28, 2013) year end financial statements for
December 31, 2012 show that NWGC had revenues of $8,180,127 with
profits of $1,836,664.
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.otcmarkets.com.
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 Gold'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 law.
New World Gold Corporation (561) 210 8496
New World Gold (CE) (USOTC:NWGC)
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