Chart usGOLD   Chart usSILVER  
 
Food for thought
Buy gold if you believe in math
Brent Johnson  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1252.675.96
Silver 17.540.12
Platinum 1277.7016.20
Palladium 774.4014.87
WORLD MARKETS
DOWJONES 1640027
NASDAQ 431658
NIKKEI 14804-307
ASX 53135
CAC 40 406372
DAX 8841123
HUI 1914
XAU 802
CURRENCIES (€)
AUS $ 1.4454
CAN $ 1.4300
US $ 1.2746
GBP (£) 0.7888
Sw Fr 1.2064
YEN 135.9930
CURRENCIES ($)
AUS $ 1.1343
CAN $ 1.1219
Euro 0.7846
GBP (£) 0.6189
Sw Fr 0.9465
YEN 106.6960
RATIOS & INDEXES
Gold / Silver71.42
Gold / Oil15.22
Dowjones / Gold13.09
COMMODITIES
Copper 3.04-0.02
WTI Oil 82.330.95
Nat. Gas 3.65-0.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Dynacor: New Record Gold Production in October of 6,169 Ounces
Published : November 29, 2012
( 0 vote, 0/5 ) Print article
     
Tweet

MONTREAL, QUEBEC--(Marketwire - Nov. 29, 2012) - Dynacor Gold Mines Inc. (News - Market indicators) (Dynacor or the Company) is pleased to announce an operations update from its ore-processing division in Peru. During the month of October, the Company recorded its best month ever, 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 USD $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. This result is 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. 

Mr. Jean Martineau, President and CEO of Dynacor Gold Mines, stated: "Dynacor offers junior resource sector investors two strategic advantages:

  • The Company is auto-financed since it generates from its gold ore-processing business, the cash flow it needs to expand, to explore its properties and to pay all of its administrative expenses.

  • Dynacor's business model protects its shareholders from dilution due to external share-based financings that characterize most junior resource exploration companies.

We have been operating our ore-processing business since the late 1990s and are organically growing into one of the foremost and trusted ore-processing operations in Peru. Cash flow and liquidity levels are as robust as the company has seen throughout its history.

The company is planning to build a new 300 tpd ore-processing facility in 2013.We expect that our financial results will enable us to finance the construction of our new plant, our exploration campaign and continue to provide strong shareholder value in the coming quarters."

Gold produced from ore-processing from January to October 2012 is shown in the Table, below. 

Monthly Production (oz Au) to date

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Total 10 months 2012   Total 10 months 2011
3,774 4,747 4,589 4,395 2,663 5,334 5,701 5,710 5,757 6,169 48,839   37,123

ABOUT DYNACOR GOLD MINES INC.

Dynacor is 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 six exploration properties, including the Tumipampa property, along with its recently upgraded 220 tpd ore processing mill at Acari. Dynacor's mill produces gold from the processing of ore purchased from local producers. 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. (News - Market indicators)

Website:http://www.dynacorgold.com

Twitter:http://twitter.com/DynacorGold

Facebook:http://www.facebook.com/pages/Dynacor-Gold-Mines-Inc/222350787793085

Shares outstanding: 35,890,167



Dynacor Gold Mines Inc.
Jean Martineau
President and CEO
514-288-3224 ext. 228
or
Dynacor Gold Mines Inc.
Dale Nejmeldeen
Investor Relations
604.492.0099 / M: 604.562.1348
604.608.9223 (FAX)
nejmeldeen@dynacorgold.com
Data and Statistics for these countries : Peru | All
Gold and Silver Prices for these countries : Peru | All
Tweet

Dynacor Gold Mines

PRODUCER
CODE : DNG.TO
ISIN : CA26779X1015
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Dynacor Gold Mines
10/24/2011Dynacor plans 2nd Peru gold-ore processing plant
Financings of Dynacor Gold Mines
12/20/2010Closes $4.5 Million Private Placement and Redeems Convertibl...
Nominations of Dynacor Gold Mines
6/19/2013Announces the Results of the Vote for the Election of Direct...
6/20/2012Denis Lachance Joins Dynacor's Board of Directors
5/6/2009appoints a new Director
Financials of Dynacor Gold Mines
4/1/2011Generates $3.1 M in Cash Flow from Operations in Fiscal 2010...
10/29/2010Surpasses 10,500 ounces of gold milled in the third quarter ...
4/1/2010Reports its Financial Results for Fiscal Year 2009
4/1/2008announce its financial results for the fourth quarter.
Project news of Dynacor Gold Mines
8/30/2013Increases Its 2013 Gold Production Guidance to 71,000 oz.
7/16/2013(Tumipampa)Strikes High Gold Grades at Tumipampa
4/18/2013Boosts Quarterly Gold Production to an All-Time Best of 20,0...
1/24/2013Announces Best Monthly, Quarterly and Yearly Gold Production...
12/12/2012(Tumipampa)Commences Skarn Drilling and Excavation of a Cross-Cut at Tu...
11/29/2012New Record Gold Production in October of 6,169 Ounces
7/18/2012June 2012 Record Gold Production
7/11/2012(Tumipampa)2012 Tumipampa Exploration Update
5/8/2012(Tumipampa)Expands Tumipampa Land Holdings
4/19/2012Gold and Silver Production Continues to Soar in Q1-2012
3/5/2012(Tumipampa)Tumipampa 2012 Diamond Drilling to Start in April
2/23/2012(Tumipampa)d’or Dynacor : Rapport technique 43-101 sur Tumipampa publ
11/22/2011Continues to Increase its Gold Processing Capacity and Repor...
9/19/2011(Tumipampa)Tumipampa Exploration Update
7/7/2011(Tumipampa)Tumipampa Exploration Update
6/23/2011Announces Best Month of Production in the Company's History
3/25/2011(Tumipampa)Intercepts 0.73% Cu Over 10.6m Including 3.55% Cu, 72.27 g/t...
3/8/2011(Tumipampa)Tumipampa Exploration Update
1/28/2011(Tumipampa)Tumipampa Drilling Campaign is Underway
11/18/2010(Tumipampa)Announces a $5.45 Million Drilling Campaign, on Its Tumipamp...
11/12/2008(Acari)Custom milling capacity increases by 75% at Acari plant
11/12/2008(Acari)Custom milling capacity increases by 75% at Acari plant
9/4/2008(Tumipampa)Tumipampa: Dynacor hits 15.3 g/t of gold over 4.9 meters in ...
7/15/2008(Tumipampa)Tumipampa: three types of gold mineralization uncovered
4/16/2008(Acari)Increases its gold production capacity
2/12/2008(Tumipampa)Tumipampa: first drilling results
Corporate news of Dynacor Gold Mines
9/27/2013(Tumipampa)Discovers Disseminated Gold Mineralization at Tumipampa
8/14/2013Q2-2013: Cash on Hand $10 Million, EBITDA of $2.4 Million an...
5/29/2013Announces First Steps for its New 300 tpd Gold Ore-Processin...
5/13/2013Announces Best Quarter Results Ever with Net Income of US$3....
5/13/2013Announces Best Quarter Results Ever with Net Income of US$3....
5/7/2013(Tumipampa)Drilling at Tumipampa Reveals High Levels of Anomalous Polym...
3/28/2013Announces Total Sales of $105 Million and Net Income of Us$7...
1/29/2013Comments on Recent Market Activity
1/11/2013Obtains Environmental Permit for New Ore-Processing Facility...
11/9/2012Announces Record Sales of US$29.3 M and Net Income of US $2....
11/9/2012Announces Record Sales of US$29.3 M and Net Income of US $2....
9/18/2012Boosts Metal Sales To Record Levels of USD $9.96 Million in ...
8/24/2012Gold Production and Grades Jump Significantly Marking the Th...
8/14/2012Announces Second Quarter Net Income of US $1.2 Million ($0.0...
5/14/2012Announces Record Net Quarterly Income of US $1.7 Million ($0...
3/29/2012Announces Record Sales of US$74.6 Million and Net Income of ...
2/23/2012(Tumipampa)Tumipampa NI 43-101 Report Published
11/15/2011News Release
11/14/2011Reports Q3-2011 Results: Adjusted EBITDA of $2.4 M, Earnings...
9/20/2011News Release
9/9/2011Announces an Increase in its Gold Custom Milling Capacity
8/15/2011Reports an Adjusted EBITDA of $2.1M in Q2-2011
7/22/2011Announces Record Gold (21,734 ounces) and Silver (40,416 oun...
6/17/2011Reports an Adjusted EBITDA of $ 1.1 M in Q1 2011
6/2/2011News Release
4/14/2011Custom Milling Operation Produces 9,926 Ounces of Gold in th...
11/15/2010Generates $1.3 million in Cash Flow from Operations in Q3-20...
8/12/2009reports net earnings of $0.6M for Q2 2009
5/19/2009reports net earnings of $0.8 M for Q1 2009
2/24/2009increases its Milling Capacity by 100%
2/10/20092008 gold sales of 36,800 ounces totalling more than 34M$ at...
2/10/2009Communiqu=E9 de presse
11/18/2008News Release
11/12/2008Communiqu=E9 de presse
9/8/2008hits 15.3 g/t of gold over 4.9 meters in a newly discovered ...
8/27/2008reports record gold sales of 8.27 million dollars in Q2 2008
8/25/2008reports record gold sales of 8.27 million dollars in Q2 2008
5/23/2008reports record gold sales of 6.71 million dollars in Q1 2008
4/16/2008increases its gold production capacity
4/2/2008Annonce un bénéfice net pour l'année 2007
4/1/2008Reports net earnings for the year ended 2007
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (DNG.TO)
1.70+0.00%
TORONTO
CA$ 1.70
10/20 15:58 -
0%
Prev close Open
1.70 1.71
Low High
1.70 1.71
Year l/h YTD var.
1.53 -  2.13 -5.56%
52 week l/h 52 week var.
1.38 -  2.13 14.09%
Volume 1 month var.
12,280 3.66%
24hGold TrendPower© : -36
Produces Gold
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
2014-7.61%2.201.35
201347.20%1.960.84
201266.67%1.420.36
2011-42.31%2.130.60
2010441.67%1.780.15
 
5 years chart
 
3 months chart
 
3 months volume chart