H2 at Dynacor to produce 30% more!
Dynacor Gold Mines, a leading ore purchasing and processing corporation servicing artisanal and small-scale miners (ASM) in Peru, announced a new ASM plan to increase production to an annualized rate of 88-92,000 of gold. The Corporation is forecasting to produce 44-46,000 ounces of gold in the 2nd half of 2019, a 30% increase from the first half.
The plan focuses on four significant measures: 1. On May 2, 2019, Dynacor signed an ASM mining agreement authorizing a group of local miners to carry out underground extraction work on the Corporation’s Tumipampa exploration project. To date fifteen new high-grade deliveries of 544 tonnes averaging 1.44 oz/t Au have made its way to the Corporation’s ore-processing plant near Chala, Peru.
2. Dynacor began work with a second and new ASM mining group to extract mineralized material from one of the Corporation’s other mining concession located in northern Peru. The group’s first delivery took place in June 2019.
3. Currently, the Corporation is nearing completion to sign with new groups of ASMs to add four (4) new gold mining concessions to its portfolio. Dynacor expects to see significant throughput from these further concessions on or before December 31, 2019.
4. An additional group of ASMs located near the Corporation’s Tumipampa exploration project is currently in negotiations with Dynacor to further augment production from the high-grade underground zone. The new ASM group expects to start operations in another section of high-grade veins on or before December 31, 2019.
Dynacor’s ASM plan has come to fruition on schedule. In June 2019, the Corporation generated its best June on record with ore purchases amounting to 8,500 tons. Following through into July 2019, the Corporation then generated a new all-time record-breaking month of purchased mineralized material. Dynacor purchased just over 10,000 tons.
