Markets

Dynacor Reports Record Gold Production in October of 6,169 Ounces

A generic image of a pen a chart
Credit: Shutterstock photo

Dynacor Gold Mines Inc. (DNG.TO) announced an operations update from its ore-processing division in Peru, recording its best month ever in October, producing 6,169 ounces of gold from purchased ore with an average gold grade of 1.004 oz/tonne.

In addition, 14,775 ounces of silver were produced generating total sales of US$10.6 million for the month.

In the first ten months of 2012, Dynacor has generated gold and silver production of 48,839 and 129,606 ounces, respectively, due in large part to the increase in gold grades available from the influx of small scale miners and the ore-processing plant operating at its maximum capacity.

The company now expects to produce more than 58,000 ounces of gold which is 18% above its published 2012 guidance.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

Other Topics

Commodities

Latest Markets Videos