Mr. Jean Martineau reports
DYNACOR PRODUCES 6,876 OZ OF GOLD IN MARCH 2018
Dynacor Gold Mines Inc. has released 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.
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 per cent over the same period of last year and an increase of 21 per cent compared with 2016.
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 with 5,862 DMT and cumulative 16,796 DMT in the same periods last year. This represents an increase of 37 per centand 25 per cent 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-per-cent quarterly increase on its way to its annual production guidance of 90,000 ounces 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, an 8.7-per-cent increase as compared with 2016 (73,476 ounces).
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