New World Gold Increases Milling Capacity: Moves to 24 Hour Operations
2013年5月20日 - 8:00PM
Marketwired
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 (CE) (USOTC:NWGC)
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