Dynasty Reports Robbery at Ecuador's Zaruma Gold Project; Shares Down 5%

By Midnight Trader,  July 23, 2012, 03:47:25 PM EDT

Dynasty Metals & Mining Inc. (DMM.TO) says the processing plant at its Zaruma Gold Project in Ecuador was the target of an armed robbery earlier today.

A group of armed robbers gained access to the site and escaped with dore bars containing approximately 1,300 ounces of gold and 4,000 ounces of silver. There were no injuries.

Police are currently on site at Zaruma working with the company to investigate the incident.

DMM shares are extending losses late in the trading session and are now down 5%.




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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