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Dynacor Announces Best Monthly, Quarterly and Yearly Gold Production in 2012
Published : January 24, 2013
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MONTREAL, QUEBEC--(Marketwire - Jan. 24, 2013) - Dynacor Gold Mines Inc. (News - Market indicators) (Dynacor or the Company) today announced that for the month of December gold production from its ore-processing division achieved a monthly best of 6,437 ounces. Furthermore, fourth quarter 2012 gold production delivered a quarterly best of 18,604 ounces. Fourth quarter 2012 production was 41% higher than the same period last year (13,157 ounces) and was 8% higher than third quarter 2012 due to the availability of higher gold grade ore.  In 2012, gold production was 61,274 ounces, a 33% increase from last year and another all-time Company high. This represents Dynacor's third consecutive year of 30% plus production growth.

During the fourth quarter of 2012, the Company averaged 218 tonnes per day while processing 19,360 tonnes of ore at an average gold grade of 1.03 ounces per tonne (32.03 grams per tonne gold), compared with an average gold grade of 0.747 ounce per tonne (23.23 grams per tonne gold) in the fourth quarter 2011.

The ore-processing division continues to outperform in both gold and silver production. Silver production for the fourth quarter was 43,039 ounces a quarterly best and 86% above the same period last year. Production for full-year 2012 was 157,863 Ag ounces, a 76% increase over 2011.

Month Average
Ore processed
(tonnes/day)
Gold grade
(oz/tonne)
Gold produced*
(ounces)
       
January 219 0.655 3,774
February 211 0.918 4,747
March 217 0.824 4,589
April 215 0.817 4,395
May 142 0.715 2,663
June 220 0.895 5,334
July 220 0.941 5,701
August 221 0.898 5,709
September 220 0.964 5,758
October 215 1.004 6,169
November 218 1.018 5,998
December 220 1.067 6,437

President and CEO of Dynacor, Jean Martineau commented: "The earnings trend is up and, with a steady gold price, we fully expect this to continue into 2013 and beyond as we are en-route to increase production substantially when our new mill at Chala, Peru starts production. Dynacor expects to begin the construction of its 300-tonne per day ore processing facility, shortly. Our auto-financed exploration and drilling campaign at Tumipampa is well underway and could add to the Company's value. We are proud of our achievements and would like to thank our employees for their commitment to the success of the Company."

ABOUT DYNACOR GOLD MINES INC.

Dynacor is a gold mining exploration 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, 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.

Shares outstanding: 36,170,167

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: facebook.com/DynacorGoldMines



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

PRODUCER
CODE : DNG.TO
ISIN : CA26779X1015
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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
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