The solid monthly sales are due to the Corporation purchasing over 14,000 tonnes and processing over 12,000 tonnes of gold ore combined with a healthy gold price market and the recent plant expansion to 430 TPD (tonnes per day). The average selling price of gold per ounce in July was
At the beginning of the year, Dynacor issued financial guidance forecasting
(1) sales are converted using the monthly average exchange rate
ABOUT DYNACOR
Dynacor is a dividend-paying industrial gold ore processor headquartered in
The corporation intends to expand its processing operations in other jurisdictions as well.
Dynacor produces environmental and socially responsible gold through its PX IMPACT® gold program. A growing number of supportive firms from the fine luxury jewelry, watchmakers and investment sectors pay a small premium to our customer and strategic partner for this PX IMPACT® gold. The premium provides direct investment to develop health and education projects for our artisanal and small-scale miner’s communities.
Dynacor is listed on the
FORWARD-LOOKING INFORMATION
Certain statements in the preceding 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.
OTC (
Shares Outstanding: 38 916 797
Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold
PDF available: http://ml.globenewswire.com/Resource/Download/2a1c5d44-c59f-4a55-b216-55a5b11b1a0c
CONTACT: For more information, please contact: Director, Shareholder RelationsDale Nejmeldeen Dynacor Gold Mines Inc. T: 514-393-9000 #230 E: investors@dynacor.com
Source:
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