Dynacor Digs 2% Gain As Gold, Silver Production Continue to Soar in Q1 2012

By MT Newswires,  April 19, 2012, 01:19:28 PM EDT

Dynacor Gold Mines Inc. (DNG.TO) gained about 2% in the afternoon trade after announcing the first quarter 2012 production update.

Gold production via its ore-purchasing division in Peru was 13,101 ounces (9,925 ounces in first quarter 2011), a 32% increase from the same period last year. In conjunction with the higher metal production, the Company estimates a quarterly gold and silver sales record of US $23.5 million (US $14.7 million in first quarter 2011) which is a period over period increase of 60%.

DNG now trades at 65 cents, which is just 5 cents above year lows. Over 33,000 DNG shares have changed hands.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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