Mr. Jean Martineau reports
DYNACOR PRODUCES 20,610 OUNCES OF GOLD IN Q2-2018
Dynacor Gold Mines Inc. has released its June, 2018, and Q2 2018 gold production.
In June, 2018, the corporation produced 6,733 ounces of gold at its Veta Dorada plant while its plant operated at an average daily processing rate of 278 tonnes per day.
For the second quarter of 2018, gold production amounted to 20,610 oz, slightly below management's forecast of 22,150 oz due mainly to lower-grade material provided to the plant. However, this total production represents an increase of 13.3 per cent over the same period last year (18,188 oz) and an increase of 17.6 per cent compared with 2016 (17,524 oz).
The Veta Dorada plant processed 7,909 dry metric tonnes (DMT) of material in June and a cumulative 23,172 DMT in the second quarter of 2018 compared with 6,012 DMT and a cumulative 16,311 DMT in the same period last year, representing an increase of 31.6 per cent and 42.0 per cent respectively.
Historically, production in the third and fourth quarters has always been higher than in the first and second quarters of each year. For instance in 2017, production in Q3 was 20,521 oz and in Q4 was 24,066 oz, whereas in the first and second quarters, production was 17,122 oz and 18,188 oz, respectively. The corporation is continuing to ramp up production on a quarterly basis with forecast of 23,900 ounces of gold in the third quarter 2018, on its way to its annual production guidance of 90,000 to 94,000 ounces.
About Dynacor Gold Mines Inc.
Dynacor Gold Mines 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 and its production guidance for 2018 is 90,000 to 94,000 ounces of gold.
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