Dynacor production up by 13% in Q2 YoY!
Dynacor Gold Mines reported its Q2-2018 gold production. For the second quarter of 2018, gold production amounted to 20,610 oz, slightly below management’s forecast of 22,150 oz due mainly to lower grade material provided to the plant. However, this total production represents an increase of 13.3 % over the same period of last year of 18,188 oz and an increase of 17.6 % compared to 2016 of 17,524 oz of gold.
The Veta Dorada plant processed 7,909 dry metric tonnes (DMT) of material in June and a cumulative 23,172 DMT in the second quarter of 2018 compared to 6,012 DMT and a cumulative 16,311 DMT in the same periods last year, representing an increase of 31.6% and 42.0% respectively.
Historically, production in the 3rd and 4th quarters has always been higher than in the first and second quarters of each year. For instance, in 2017, production in Q3 was 20,521 oz and in Q4 reached 24,066 oz whereas in the first and 2nd quarters production was 17,122 and 18,188, respectively.
The Corporation is continuing to ramp up production on a quarterly basis with forecast of 23,900 ounces of gold in the third quarter 2018, on its way to its annual production guidance of 90-94,000 ounces.
