Dynacor produced over 13K Oz in 3Q
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