MONTREAL, May 22, 2018 (GLOBE NEWSWIRE) — Dynacor Gold Mines Inc. (TSX:DNG) (OTC:DNGDF) (Dynacor or the Corporation) is pleased to report its April 2018 gold production.
In April 2018, the Corporation produced 6,974 ounces of gold at its Veta Dorada plant which is the best monthly production since the beginning of this year (see Figure 1).
During the first four months of 2018 the Veta Dorada plant processed 28,313 tonnes of material compared to 21,801 tonnes in the same period last year. This represents an increase of 30%. End of month ore stockpile grew by 10% as compared to March showing that the company continues to expand its ore supply.
The Corporation is continuing to ramp up production and is forecasting 22,162 ounces of gold in the second quarter 2018, a 16% quarterly increase on its way to its annual production guidance of 90-94,000 ounces.
A figure accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/55b15212-feab-4849-9233-1b1f03674d34
ABOUT DYNACOR GOLD MINES INC.
Dynacor Gold Mines Inc. is a gold production corporation headquartered in Montreal, Canada. The corporation is engaged in 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 and its production guidance for 2018 is 90-94,000 ounces of gold. Dynacor trades on the Toronto Stock Exchange (DNG) and the OTC in the United States under the symbol (DNGDF).
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. (TSX:DNG) (OTC:DNGDF)
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For more information, please contact: Dynacor Gold Mines Inc.
President and CEO
#1105, 625 René-Lévesque Blvd.Dynacor Gold Mines Inc.
Montreal, Quebec H3B 1R2
T: 514-393-9000 ext. 228
Director, Investor Relations
Dynacor Gold Mines Inc.
T: 604.492.0099 | M: 604.562.1348