Creating Shareholder Value Through the Acquisitions of
Undervalued Gold Assets
While some see their glass half empty Golden Dawn Minerals sees their glass half full and is taking full advantage of the opportunities created in the current down market.
Golden Dawn is consolidating its land position in the Greenwood Mining District by acquiring severely undervalued gold assets.
Kinross Mining, the fifth largest gold mining company in the world, also sees opportunities in the Greenwood District and has recently acquired a major land position surrounding Golden Dawn.
Golden Dawn Minerals Acquires Option to Purchase Two Additional Greenwood Gold Mines and Milling Assets
Adding to its 100% owned May Mac mine and mill, Golden Dawn has acquired an option to purchase an additional two mines and mill in the immediate region:
- The Lexington Gold Mine
- The Golden Crown Gold Mine
- The Greenwood Mill – 200 tpd capacity
- All associated mining equipment
Previous investment made in developing these newly acquired assets was approximately $40 million.
With the potential of feed material from 3 mines being delivered to the Greenwood mill, Golden Dawn Minerals believes it can create both economies of scale and added shareholder value.
Golden Dawn Files Positive Preliminary Economic Assessment Report For Greenwood Gold Mines And Milling Complex
The 2016 Preliminary Economic Assessment indicates a very positive, rapid pay-back, 5-year underground mining project at near current gold prices.
Pre-Tax NPV@6% of C $32.5 million and IRR of 72.6%; Gold Production of 104,000 Ounces AuEq and Life of Mine All-In Sustaining Cash Cost of US $820/oz.
The Greenwood Mill
Greenwood mill and all associated buildings has a 200 tonnes per day capacity with potential for expansion to 400 tpd and a 400,000 tonnes tailings facility, all real property and property rights, Lexington-Grenoble and Golden Crown mines mineral claims and Zip claims, all equipment, supplies, vehicles, permits, reports documents, and other associated assets. Previous investment made in developing these assets was approximately $40 million.
Preliminary Economic Assessment Report
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