Dynacor 2015 Year in Review: Building the Foundation
MONTREAL, QUEBEC–(Marketwired – Jan. 13, 2016) – January 13, 2016 -Dynacor Gold Mines Inc. (TSX:DNG)(OTC:DNGDF) (Dynacor or the Corporation) wishes all of its shareholders a happy and prosperous New Year. Following is a brief look back at the past year and the important milestones that marked 2015 for your Company.
March 2015: Dynacor receives the construction permit for its new 300 tpd ore processing plant located in Chala, southern Peru.
June 2015: Construction of the Chala plant is underway; the plant will initially have a capacity of 300 tpd (102,000 tonnes per year); In short order Dynacor expects to ramp up production to 360 tpd (116,000 tonnes per year) since no further permitting is required for a 20% increase.
June 2015: Veta Dorada (Dynacor) is awarded the gold medal as the best ore processing Company in Peru. This distinction recognizes industrial excellence and is awarded by a jury made up of Peruvian professional associations, universities and business leaders. Companies are assessed based on performance criteria including: relative position in the market, sales, leadership and image, social responsibility, product quality, client satisfaction and innovation.
The 2015 award ceremony can be viewed at: https://www.youtube.com/watch?feature=youtu.be&v=SvU6KSba3Dc&app=desktop
July 2015: Veta Dorada (Dynacor) is classified 383rd largest Peruvian company based on sales and 9th best Peruvian Company based on return on assets (ROA). América Economia (July 2015)
July-August 2015: The Globe and Mail publishes a list of the 1000 most profitable companies in Canada; Dynacor is ranked 389th most profitable company in all of Canada and 16th most profitable in the precious metal sector.
August 2015: Dynacor updates its governance policies including: independence criteria, selection process for new Directors and Director share ownership rules.
October 2015: Dynacor Gold Mines Inc. forms a strategic alliance with a Swiss partner whom is a leading supplier of precious metal semi-finished and finished products for the high-end luxury watchmaking and jewellery industries as well for the dental, medical and automotive sectors.
November 2015: Dynacor announces the discovery of 750 meters wide and 1700 meters long Cu-Au porphyry at its flagship Tumipampa property.
November 2015: Dynacor announces its 18th consecutive profitable quarter in Q3-2015.
December 2015: Chala ore processing plant is 70% complete. The Corporation expects to finish the construction of the Veta Dorada Plant during Q1-2016.
December 2015: Gold production at Huanca reaches an all-time monthly record of 7,593 ounces.
Jean Martineau looking forward to 2016 has stated “Last year was a busy and challenging year for us since we started a major construction project at Chala and at the same time continued gold production at Huanca. We also pursued the exploration of the Tumipampa project which has delivered very positive results. I expect that 2016 is going to be a cornerstone year for Dynacor in which we begin operating the most modern and efficient gold ore processing facility in Peru and increase our monthly gold production by approximately 25-40% by the end of 2016. I would like to thank our shareholders for their confidence in the Company’s management team and our employees for their continued hard work which is much appreciated.”
ABOUT DYNACOR GOLD MINES INC.
Dynacor is a gold ore-processing and exploration Corporation active in Peru since 1996. The Corporation differentiates itself from pure exploration companies as it generates income from its wholly owned ore-processing plant. Dynacor’s basic share count at 37.4 million outstanding is in the lowest quartile of the resource sector. The Corporation’s assets include three exploration properties, including the advanced high-grade gold Tumipampa property and an operating 85.000 TPA gold and silver ore processing mill at Metalex-Huanca. The Corporation obtained its permit to construct a brand new 300 tpd mill in Chala Peru. This represents an important milestone for the Corporation’s future growth. The Corporation’s strength and competitive advantage comes with the experience and knowledge it has developed while working in Peru. Its pride remains in maintaining respect and positive work ethics toward its employees. partners and local communities.
FORWARD LOOKING INFORMATION
Certain statements in the foregoing 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.
Shares outstanding: 37 366 911
Dynacor Gold Mines Inc. (TSX:DNG)
President and CEO
Dynacor Gold Mines Inc.
514-393-9000 Ext. 228
Director, Investor Relations
Dynacor Gold Mines Inc.
T: 604.492.0099 M: 604.562.1348