GJ Town India

Dynacor returns to profit,   Increase of 34% YoY d uring 3Q   Dynacor returns to profit in Q3-2020; highest cash gross operating margin per ounce since 2014 of $304 per ounce, a year-over-year (YoY) increase of 34%; operating at full capacity with near-term plans to expand!   Dynacor Gold Mines has released its unaudited consolidated financial statements and the management’s discussion and analysis (MD&A) for the third quarter ended September 30, 2020. These documents have been filed electronically with SEDAR and will be available on the Corporation’s website.   After a three-month stoppage due to the Covid-19 crisis, which ended a streak of thirty-six (36) consecutive profitable quarters, the Corporation successfully resumed its ore purchase and processing activities, immediately returning to profits. During Q3-2020, the Corporation gradually increased ore purchases and generated sales of $ 24.1 million recording a net income of $ 1.2 million ($0.03 per share). Q3, 2020 o

Gold production reaches to 81314 oz in 2018 Dynacor Gold Mines announces its 2018 gold production from its Veta Dorada Plant in Chala, Peru. In 2018, the Corporation achieved a new record level of production as it ended the year with gold production of 81,314 ounces, an increase of 1.8 % compared to 2017 (79,897 ounces). In December, the Corporation recorded its highest gold production month for 2018 as it processed 8,601 DMT of ore and produced 8,021 ounces of gold. Gold production in December was 20.4 % higher than the 2018 year to date monthly average. For 2018, the Veta-Dorada plant processed a total of 91,512 DMT of gold mineralized material compared to 76,918 DMT in 2017 a significant increase of 19.0%. The total volume of ore purchased in 2018, amounted to 90,977 DMT compared to 77,741 in 2017 an increase of 17.0%.