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Dynasty Announces Armed Robbery at Zaruma Gold Project
Published : July 23, 2012
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Mots clés associés :   Copper |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 23, 2012) - Dynasty Metals & Mining Inc. ("Dynasty" or the "Company") (News - Market indicators)(OTCQX:DMMIF) announces that the processing plant at the Zaruma Gold Project, located in the El Oro Province of southwestern Ecuador, was the target of an armed robbery in the early morning of July 23, 2012.

A group of armed robbers gained access to the site and escaped with dore bars containing approximately 1,300 ounces of gold and 4,000 ounces of silver. No employees were fatally injured during the assault and the gold storage facility sustained some repairable damage. The robbery has been reported to the appropriate Ecuadorian authorities. Police are currently on site at Zaruma working with the Company to investigate the incident.

Dynasty has insurance to cover this type of loss with an internationally recognized insurance company and is in the process of filing a claim.

Robert Washer, the Company's President and Chief Executive Officer, commented: "The safety and well-being of our employees is our principal concern and we will be providing appropriate support to all employees, particularly those directly involved in the incident. I would like to thank the Ecuadorian authorities, particularly the police, for their rapid response and meaningful support during this time. We are co-operating with the relevant authorities and will provide further updates when more definitive information becomes available."

The incident at the plant could have an adverse effect on the Company's near term production plans and in the event that the Company cannot recover the stolen dore bars or receive sufficient insurance proceeds in a reasonable time period there may be a material adverse effect on the Company's liquidity and operations, the extent of which cannot be determined at this time. The Company intends to review its security policies and procedures to identify potential upgrades in order to reduce the likelihood of such an incident reoccurring in the future.

About Dynasty Metals & Mining

Dynasty Metals & Mining Inc. is a Canadian based mining company involved in the exploration and development of mineral properties in Ecuador.

The Company has the producing Zaruma Gold Project, the advanced-stage Jerusalem Project, and a highly prospective exploration project, the Dynasty Copper-Gold Belt, which includes the advanced-stage Dynasty Goldfield.

Forward-Looking Statements

This news release contains certain forward-looking statements that reflect the current views and/or expectations of Dynasty with respect to its performance, operations and future events, including statements regarding the possible effects on the Company's business as a result of the armed robbery at Zaruma. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates, including assumptions relating to the Company's ability to obtain sufficient insurance proceeds or recover the stolen gold and silver within a reasonable time period; and the Company's ability to repair the damage to the gold storage facility in a timely manner and to continue its processing activities. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and uncertainties including that the Company's processing activities could be adversely impacted by the robbery and the Company may not obtain insurance proceeds or recover the stolen gold within a reasonable time frame, which could have a material adverse effect on the Company's liquidity and operations; and other risks and uncertainties listed in the Company's public filings. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. There can be no assurance that forward-looking statements, or the material factors or assumptions used to develop such information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.



Dynasty Metals & Mining Inc.
Murray Oliver
(604) 687-0888
info@dynastymining.com
www.dynastymining.com
or
Brisco Capital Partners Corp.
Scott Koyich
(403) 262-9888
Scott@briscocapital.com

Dynasty Metals and Mining Inc

PRODUCTEUR
CODE : DMM.TO
ISIN : CA26813S1002
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Dynasty Metals est une société développant des projet miniers d'or et d'argent basée au Canada.

Dynasty Metals est en développement de projets d'or, d'argent, de cuivre et de zinc en Equateur, et détient divers projets d'exploration en Equateur.

Son principal projet en production est ZARUMA en Equateur, ses principaux projets en développement sont JERUSALEM et JERUSALEM en Equateur et son principal projet en exploration est DYNASTY en Equateur.

Dynasty Metals est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 28,1 millions CA$ (20,7 millions US$, 19,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 17 août 2007 à 9,50 CA$, et son plus bas niveau récent le 22 avril 2016 à 0,10 CA$.

Dynasty Metals possède 87 810 000 actions en circulation.

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Dans les médias de Dynasty Metals and Mining Inc
09/06/2006Follow up N° 6
Rapports annuels de Dynasty Metals and Mining Inc
Annual Report 2007
Financements de Dynasty Metals and Mining Inc
21/10/2009$6,000,000 bought deal financing
Nominations de Dynasty Metals and Mining Inc
09/01/2013Announces Director Resignation
17/05/2011Appoints New Director
12/03/2008APPOINTS NEW DIRECTOR
31/07/2007Ecuador Appoints New Undersecretary Of Mines
25/07/2007 ECUADOR APPOINTS NEW MINISTER OF MINES & PETROLEUM
28/06/2007Management Appointments
Rapports Financiers de Dynasty Metals and Mining Inc
15/08/2013Reports Financial Results for the Three and Six Months Ended...
16/05/2013Reports Financial Results for the Three Months Ended March 3...
29/03/2013Reports Financial Results for the Year Ended December 31, 20...
15/08/2012Reports Financial Results for the Three and Six Months Ended...
02/04/2012Releases 2011 Financial Statements
Projets de Dynasty Metals and Mining Inc
23/07/2012(Zaruma)Announces Armed Robbery at Zaruma Gold Project
21/01/2011(Zaruma)Commences Formal Contract Negotiations
02/02/2010(Zaruma)President's Update on Zaruma
28/09/2009(Zaruma)Dynasty Pours First Gold
20/08/2009(Zaruma)Provides update on ecuador gold projects
17/04/2007RECEIVES FINAL PERMITTING TO CONSTRUCT AND OPERATE ZARUMA GO...
Communiqués de Presse de Dynasty Metals and Mining Inc
29/07/2016Dynasty Receives Forbearance Period on Vertex One Asset Mana...
09/07/2016Dynasty Provides Corporate Update
06/07/2016Dynasty Announces Annual General Meeting Voting Results
15/06/2016Dynasty Provides Corporate Update
31/05/2016Dynasty Mining Engages a Financial Advisor to the Special Co...
17/05/2016Dynasty Reports Financial Results for the Quarter Ended Marc...
27/04/2016Dynasty Metals & Mining Announces Dynasty Goldfield Project ...
20/04/2016Dynasty Reports 2,785 Ounces of Gold Sold and 2,221 Ounces o...
11/04/2016Dynasty Announces Temporary Work Delay at the Zaruma Gold Pr...
05/04/2016Dynasty Provides Corporate Update
23/01/2016Dynasty Reports 5,634 Ounces of Gold Sold and 4,133 Ounces o...
02/11/2015DYNASTY ANNOUNCES AMENDMENTS TO THE TERMS OF DEBT FINANCING
14/10/2015DYNASTY REPORTS 6,285 OUNCES OF GOLD PRODUCED IN Q3 2015 & P...
15/09/2015DYNASTY SETTLES US$1.44 MILLION OF SHORT TERM DEBT BY WAY OF...
14/09/2015Dynasty Settles US$1.44 Million of Short Term Debt By Way of...
14/08/2015DYNASTY REPORTS FINANCIAL RESULTS FOR THE SIX AND THREE MONT...
22/06/2015DYNASTY CLOSES US$4 MILLION DEBT FINANCING & PROVIDES OPERAT...
13/04/2015DYNASTY METALS AND MINING ANNOUNCES THE APPOINTMENT OF NAOMI...
08/04/2015Dynasty Metals and Mining Announces the Appointment of Naomi...
08/04/2015Announces the Appointment of Naomi Nemeth to the Role of Vic...
01/04/2015DYNASTY REPORTS FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBE...
24/01/2015DYNASTY ANNOUNCES GOLD PRODUCTION OF 25,868 OUNCES AND GOLD ...
18/01/2015Dynasty Announces Gold Production of 25,868 Ounces and Gold ...
14/11/2014DYNASTY REPORTS FINANCIAL RESULTS FOR THE THREE AND NINE MON...
14/11/2014Dynasty Reports Financial Results for the Three and Nine Mon...
06/11/2014DYNASTY ANNOUNCES UPDATED DYNASTY GOLDFIELD PROJECT AND JERU...
06/11/2014Dynasty Announces Updated Dynasty Goldfield Project and Jeru...
18/09/2014Dynasty Announces Updated Zaruma Gold Project Resource Estim...
15/08/2014Dynasty Reports Financial Results for the Three and Six Mont...
30/06/2014Dynasty Provides Update on Preparation of Revised Technical ...
25/06/2014Dynasty Announces Annual General Meeting Voting Results
02/06/2014Dynasty Provides Update on Preparation of Revised Technical ...
16/05/2014Dynasty Reports Financial Results for the Three Months Ended...
02/05/2014DYNASTY PROVIDES UPDATE ON PREPARATION OF REVISED TECHNICAL ...
30/04/2014Dynasty Provides Update on Preparation of Revised Technical ...
21/04/2014Dynasty Reports Mine Incident
01/04/2014Dynasty Reports Financial Results for the Year Ended Decembe...
20/06/2013Announces Annual General and Special Meeting Voting Results
16/10/2012(Zaruma)Qualifies Key Zaruma Concessions for Small Scale Mining Lice...
06/09/2012Insurance Claim Settled
07/10/2011(Dynasty)Director Retires From Dynasty's Board
30/11/2009Comments on Ecuadorian Mining Regulations
03/11/2009Completes $6,000,000 equity financing
07/07/2009Welcomes Ecuador Vice Minister of Mines to Its Zaruma Gold P...
01/07/2009Dynasty and IAMGOLD Extend Option Period
03/03/2009CEO Interviewed on BNN
17/12/2008 plans to commission gold plant by the end of March
28/04/2008WELCOMES ECUADOR PRESIDENT TO ITS ZARUMA PROJECT
25/04/2008COMMENTS ON RECENT DEVELOPMENTS IN ECUADOR
23/04/2008 SEEKS CLARIFICATION ON NEW MINING MANDATE
15/04/2008ENTERS INTO REVISED AGREEMENT
10/03/2008Completes $18,750,000 Equity Financing
20/02/2008SPROTT ASSET MANAGEMENT TO INCREASE ITS DYNASTY STAKE TO 22....
29/01/2008PRESIDENT'S UPDATE
25/01/2008CONCESSIONS IN GOOD STANDING
18/12/2007Exercises Option to Buy Back Royalty at Its Near Production ...
12/12/2007MOURNS PASSING OF DIRECTOR PAUL MACNEILL
20/11/2007Increases Gold and Silver Resource Estimate
25/10/2007 RECEIVES CONDITIONAL APPROVAL OF COPPER DUKE SPIN-OFF
01/08/2007To Trade On The Toronto Stock Exchange
18/07/2007New Optimized Zaruma Plant Design
16/07/2007Receives Conditional Approval to Trade on Toronto Stock Exch...
12/06/2007 Provides Zaruma Gold Project Update
24/02/2007Engages Brisco Capital Partners
01/10/2005Follow up N° 4
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TORONTO (DMM.TO)OTC BB (DMMIF)
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