Precious Metals

Dynacor Gold Mines Inc. reported its February 2018 gold production, stating that it had produced 6,636 ounces of gold in the month of February alone.

Dynacor Gold Mines Inc. (TSX:DNG) reported its February 2018 gold production, stating that it had produced 6,636 ounces of gold in the month of February alone.

As quoted in the press release:

In February, the Corporation produced 6,636 ounces of gold at its Veta Dorada plant located in Chala, Peru surpassing the previous month of production by 19.4% (5,560 ounces in January 2018), see Figure 1, below. This monthly production is similar to the February 2017 production of 6,733 ounces which was attributable to the abnormally high-grade ore processed.

In February 2018, the Veta Dorada plant processed 6,278 DMT of material compared to 5,630 DMT in 2017, an 11.5% increase. Furthermore, in February the daily processing rate was 3.8% higher than in January.

Total ore processed in January and February 2018 (13,010 DMT) compared to 2017 (10,933 DMT) and to 2016 (8,273 DMT) shows an important upward trend, representing year on year increases of 19% and 32% respectively.

The Company continues to ramp up production at its new mill. February’s gold production and processing rate are positive and in line with management’s expectations.

In general, gold production increases steadily throughout the year. The rainy season occurs mainly during the first quarter of each year and affects artisanal ore mining and transport and consequently Dynacor’s ore supply. Last year’s extreme weather during the rainy season was declared a national emergency because of the widespread damage to country’s infrastructure, these events are however exceptional. Dynacor’s gold production was impacted in March and April and began to improve in May

Click here to read the full Dynacor Gold Mines Inc. (TSX:DNG) press release.

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