Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
BOCA RATON, FL–(Marketwire – Oct 17, 2011) – New World Gold Corporation (PINKSHEETS:NWGC) is pleased to announce that it continues to market its mill in Peru to process ore from other gold producers in the area. As a result of the upgrades just completed on its mill, the Company has the capacity to process additional ore from other producers in the area. The Company, based on the upgrades to the mill and the demand for milling capacity from local producers, expects to increase capacity of the Peru mill to 100 tons per day with a head grade of 1.0 ozs ( 31 gms) of gold per ton by February 2012.
