Dynacor Sales & production tumbled!
Gold production down by 16.1%, Sales decreased by 13.9% Dynacor Gold Mines Inc, a Corporation with a similar volume processed (20,814 tonnes in Q1-2019 vs. 21,035 tonnes in Q1-2018) our production is down by 16.1% compared to Q1-2018 (16,000 ounces in Q1-2019 vs. 19,072 ounces in Q1-2018). This decrease is mainly explained by a 13.1% decrease in the average grade of the available ore purchased and processed. At Operational front, volume of ore processed of 20,814 tonnes of ore DMT compared to 21,035 DMT in Q1-2018. Gold production of 16,000 ounces, a decrease of 16.1% compared to Q1-2018 due to the reduced grades. Yet, Dynacor Gold booked for 32nd consecutive quarter of profits. Sales of $22.9 M in Q1-2019, a decrease of 13.9% compared to Q1-2018 and Gross operating margin of $2.8 M (12.2%) in Q1-2019, a decrease of 22.2% compared to Q1-2018. Over all Net income of $1.2 M ($0.03 per share) in Q1-2019, a decrease of 25.0% compared to Q1-2018. Jean Martineau Presid...