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Dynasty Metals and Mining Inc

Publié le 21 janvier 2011

Commences Formal Contract Negotiations

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Dynasty Metals commences formal contract negotiations

 

 

 

 

 

Dynasty Metals & Mining Inc. (TSX:DMM - News; OTCQX:DMMIF) "Dynasty" or the "Company") announces that it has made an application to the Ecuadorian Ministry of Non Renewable Natural Resources (the "Ministry") to commence formal negotiations in order to finalize an exploitation contract.

Although the Company and the Ministry have been in informal discussions for an extended period, the Ministry only recently passed a resolution that invites mining companies in the exploitation phase to apply to commence formal negotiations for the purpose of settling the terms of an exploitation contract. It is expected that the contract will provide specific terms and conditions relating to the Company's mining operations at its Zaruma Project, including royalties payable to the Ecuadorian government from the sale of metals. Once the application is accepted by the Ministry, it is expected that such negotiations will be concluded and an exploitation contract finalized within 180 days.

Company President and CEO, Robert Washer commented: "We welcome the opportunity to commence formal contract negotiations with the government of Ecuador and hope to quickly reach an agreement that is mutually satisfactory and beneficial to all stakeholders. Once the contract is settled, the Company expects to accelerate its development of the mine at Zaruma in order to increase gold and silver production levels."

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.

For further information please visit the Company's website at www.dynastymining.com.

This news release contains certain forward-looking statements that reflect the current views and/or expectations of Dynasty with respect to its performance, business and future events, including statements regarding the outcome of the Company's application to the Ministry; the ability to negotiate an exploitation contract on terms satisfactory to the Company; and the Company's plans in respect of its Zaruma Project. 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 successfully negotiate a satisfactory exploitation contract; that all governmental approval and permits will be received; and that the terms of the exploitation contract will allow the Company to develop its mining project in accordance with its business plan. 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 will be unable to negotiate an exploitation contract on terms satisfactory to the Company and in the expected timeframe; that the terms and conditions of the final exploitation contract will be restrictive on the Company's business; that the terms and conditions of the exploitation contract will impede the Company's development plans at its Zaruma Project; and those relating to exploration and development; the ability of the Company to obtain additional financing; the Company's limited operating history; uncertain mining legislation; the need to comply with environmental and governmental regulations; political and economic instability and general civil unrest in Ecuador; potential defects in title to the Company's properties; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; 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 and information, which are qualified in their entirety by this cautionary statement. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. Dynasty 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 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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