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Dynacor Gold Mines Inc. (TSX:DNG) (OTC:DNGDF) (Dynacor or the Corporation) is pleased to report its March 2018 gold production.
In March 2018, the Corporation produced 6,876 ounces of gold at its Veta Dorada plant resulting in its best monthly production since the beginning of this year. (See Figure 1)
For the first quarter of 2018, gold production amounted to 19,072 ounces, slightly over management's forecasts of 18,750 ounces. This represents an increase of 11% over the same period of last year and an increase of 21% compared to 2016. Figure 2 demonstrates the increasing production trend in Q1 over the last five years including a 57% increase compared to the first quarter 2014.
The Veta Dorada plant processed 8,024 dry metric tonnes (DMT) of material in March 2018 for a cumulative 21,035 DMT in the first quarter of 2018 compared to 5,862 DMT and cumulative 16,796 DMT in the same periods last year. This represents an increase of 37% and 25% respectively as the Corporation is increasing supply.
The Corporation is continuing to ramp up production and is forecasting 22,162 ounces of gold in the second quarter 2018, a 16% quarterly increase on its way to its annual production guidance of 90-94,000 ounces. (See Figure 3).
Photos accompanying this announcement are available at
http://resource.globenewswire.com/Resource/Download/21d9f396-5591-4af3-af68-397f76fef4af
http://resource.globenewswire.com/Resource/Download/c3f00e29-68c1-4616-bc30-d9c330072e2e
http://resource.globenewswire.com/Resource/Download/b3c6a4ec-22b2-4779-919c-805906146603
ABOUT DYNACOR GOLD MINES INC.
Dynacor Gold Mines Inc. is a gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through its government approved 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, a 9% increase as compared with 2016 (73,477 ounces). Dynacor trades on the Toronto Stock Exchange (DNG) and the OTC in the United States under the symbol (DNGDF).
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.
Dynacor Gold Mines Inc. (TSX:DNG)
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 Dale Nejmeldeen
President and CEO Director, Investor Relations
#1105, 625 Rene-Levesque Blvd. Dynacor Gold Mines Inc.
Dynacor Gold Mines Inc. T: 604.492.0099 | M: 604.562.1348
Montreal, Quebec H3B 1R2 E: [email protected]
T: 514-393-9000 ext. 228
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