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Last $0.0006 USD
Change Today 0.00 / -8.33%
Volume 8.0M
As of 8:10 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

new world gold corp (NWGC) Snapshot

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52 Week High
06/4/14 - $0.02
52 Week Low
05/21/15 - $0.0005
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new world gold corp (NWGC) Details

New World Gold Corporation, through its subsidiary, engages in mining gold, silver, and copper in Ecuador and Peru. It has five operating mines and four operating mills. The company was formerly known as New Asia Gold Corporation and changed its name to New World Gold Corporation in May 2009. New World Gold Corporation was incorporated in 1998 and is headquartered in Boca Raton, Florida.

2 Employees
Last Reported Date: 03/30/12
Founded in 1998

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new world gold corp (NWGC) Key Developments

New World Gold Corporation Identifies 2 Tailings Piles with Economically Viable Grades of Gold and Silver

New World Gold Corporation announced that it has identified 2 tailings piles with economically viable grades of gold and silver. These tailings piles have not been previously milled. The combined tonnage of the tailings areas is 150,000 tons with a grade ranging from 3gms/ton to 12 gms/ton with an anticipated average grade of 7gms/ton based on independent laboratory results. The company expects to recover 85% of the gold and 50% of the silver. The projected value of tailings is approximately $31,600,000.

New World Gold Corp. Provides Earnings Guidance for the First Quarter of 2015

New World Gold Corp. provided earnings guidance for the first quarter of 2015. The company projects that its first quarter results for 2015 will exceed the first quarter results for 2014. In the first quarter of 2014, the Company had revenues of $2,488,516. In the first quarter of 2015, the company is projecting that its revenues will exceed $2,700,000, an increase of 8.5%. In the first quarter of 2014 the company had a profit of $750,608. In the first quarter of 2015, the company is projecting a profit of $890,000 an increase of 18.6%.

New World Gold Corp. Continues to Increase Production Capability

New World Gold Corp. announced that it has current production capacity of 750 tons of ore per day. The Company expects to increase its daily production capacity to 900 tons of ore per day by the end of June, 2015. The Company is increasing production from its own mines as well as increasing its contract milling volume. The average head grade is 6 gms per ton (ranging from 2gms per ton to 12 gms per ton) in own facilities. In some cases, independent labs shows that the grade of the contract ore has exceeded 27 gms per ton.


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