Dynacor Increases Its 2013 Gold Production Guidance to 71,000 oz.
30 Agosto 2013 - 8:37AM
Marketwired
Dynacor Gold Mines Inc. (TSX:DNG) (Dynacor or the Company), a
company with gold and silver ore processing operations and
exploration projects in Peru, is pleased to announce that it has
increased its 2013 gold production guidance to 71,000 ounces up
from 66,000 ounces an increase of 7.5%.
July Production
During July 2013, gold production at Dynacor's Huanca
ore-processing plant reached 6,460 ounces of gold an increase of
13.3% as compared to July 2012 (5,701 oz.). Also in July, the plant
produced 12,526 ounces of silver. As of July 31, 2013 Dynacor has
produced 44,381 ounces of gold compared to 31,203 oz as of July 31,
2012, an increase of 42.2%.
Process Optimization
During Q2-2013, Dynacor's process engineers have been working on
the Huanca mill and have implemented a series of changes that have
led to further process optimization. These measures that required a
minimal investment have allowed the Company to increase its ore
processing rate by 5% to 230 tpd and the plant is currently running
at this capacity.
From January to June 2013, Dynacor has been able to purchase and
process exceptionally high grade ores which averaged over 1.07 oz/t
well above the forecasted 2013 ore grade of 0.88 oz/t. In July
2013, the Company processed 6,778 DMT of high grade ore with an
average grade of 1.01 oz/t and despite a lower price of gold on the
world market there was no decrease in the availability of ore.
Therefore, considering the first seven months of gold production
and the increase in the plant's milling capacity, the Company has
increased its 2013 production guidance to 71,000 ounces of gold.
This new conservative target assumes that for the rest of 2013
purchased ore grades will probably revert to the forecasted ore
grade of 0.88 oz/t Au.
Jean Martineau, President and CEO of Dynacor stated "Despite the
difficult overall operating environment for gold companies
worldwide, our gold and silver processing division continues to
exceed our targets and has allowed us to increase our gold
production guidance for 2013 from 66,000 oz. to 71,000 oz. I would
like to acknowledge the dedication and expertise of our employees
in Peru who have made this possible.
ABOUT DYNACOR GOLD MINES INC.
Dynacor is an ore processing and a gold exploration and mining
company active in Peru through its subsidiaries since 1996. The
Company differentiates itself from pure exploration companies as it
also generates income and cash flow from its wholly owned ore
processing plant in Peru. The Company's assets include five
exploration properties, including the Tumipampa property, as well
as its 230 tpd gold and silver ore processing mill at Huanca.
Dynacor's mill produces gold from the processing of ore purchased
from many different ore suppliers. Dynacor's strength and
competitive advantage comes with the experience and knowledge the
Company has developed while working in Peru. Its pride remains in
maintaining respect and positive work ethics toward its employees,
partners and local communities.
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.dynacorgold.com
Twitter: http://twitter.com/DynacorGold
Facebook: http://www.facebook.com/DynacorGoldMines
Shares outstanding: 36,316,111
Contacts: Dynacor Gold Mines Inc. Jean Martineau President and
CEO 514-393-9000 ext. 228 Dynacor Gold Mines Inc. Dale Nejmeldeen
Investor Relations 604.492.0099 / M:
604.562.1348nejmeldeen@dynacor.com www.dynacorgold.com
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