Dynacor Produces 6,363 Oz of Gold in July 2018

 In 2018, Press Releases

MONTREAL, Aug. 23, 2018 (GLOBE NEWSWIRE) — Dynacor Gold Mines Inc. (TSX: DNG) (OTC: DNGDF) (Dynacor or the Corporation) is pleased to report its July 2018 gold production.

In July, the Corporation produced 6,363 ounces of gold at its Veta Dorada plant (see Figure 1). This represents a slight increase of 1.2% as compared to the same period in 2017.

Total tonnes processed increased by more than 34% as compared to July 2017, a period where ore supply was impacted by an important earthquake. During the month of July, the Veta Dorada plant operated at 83% (62% in 2017) of its nameplate capacity. However, the ore grade was significantly lower which affected gold production.

Gold production in July 2018 declined compared to previous months due to lesser volume processed and mainly lower grade of ore supplied to the plant. 

Historically, gold production during the 2nd half of the year has been considerably higher than during the first 6-months of the year. The Corporation’s 2018 production guidance is 90-94,000 ounces of gold. 

Figure 1. Monthly production at the Veta Dorada plant in 2018 is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/fdb31f51-8410-4dd9-a9f2-c958333df544

ABOUT DYNACOR GOLD MINES INC.

Dynacor Gold Mines is a gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through its ore processing operations. At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2017, Dynacor produced 79,897 ounces of gold and its production guidance for 2018 is 90,000 to 94,000 ounces of gold.

FORWARD-LOOKING INFORMATION

Certain statements in the foregoing may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management’s current expectations regarding future events and operating performance as of the date of this news release.

Shares outstanding: 39,713,877

Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF)

Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold
Facebook: facebook.com/DynacorGoldMines

For more information, please contact:  Dynacor Gold Mines Inc.

Jean Martineau
President and CEO
#1105, 625 René-Lévesque Blvd.
Dynacor Gold Mines Inc.
Montreal, Quebec H3B 1R2
T: 514-393-9000 ext. 228
Dale Nejmeldeen
Director, Investor Relations
Dynacor Gold Mines Inc.
T: 604.492.0099 | M: 604.562.1348
E: nejmeldeen@dynacor.com

 

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