Last C$1.98 CAD
Change Today +0.01 / 0.51%
Volume 148.6K
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dynacor gold mines inc (DNG) Snapshot

Open
C$2.00
Previous Close
C$1.97
Day High
C$2.00
Day Low
C$1.97
52 Week High
03/17/14 - C$2.01
52 Week Low
11/6/14 - C$1.40
Market Cap
71.8M
Average Volume 10 Days
86.0K
EPS TTM
C$0.18
Shares Outstanding
36.2M
EX-Date
--
P/E TM
8.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for DYNACOR GOLD MINES INC (DNG)

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dynacor gold mines inc (DNG) Details

Dynacor Gold Mines Inc., together with its subsidiaries, is engaged in the exploration, development, and mining of mineral properties in Peru. The company primarily explores for gold, silver, copper, and precious metals. It primarily holds interests in the Tumipampa property that covers 11 concessions and an area of approximately 4,862 hectares located to south of the city of Abancay in the Tumipampa region. It also produces and processes gold and silver from purchased ore. Dynacor Gold Mines Inc. was incorporated in 2006 and is headquartered in Montreal, Canada.

315 Employees
Last Reported Date: 05/21/14
Founded in 2006

dynacor gold mines inc (DNG) Top Compensated Officers

Chief Executive Officer, President, Non Indep...
Total Annual Compensation: C$210.3K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$178.8K
Compensation as of Fiscal Year 2013.

dynacor gold mines inc (DNG) Key Developments

Dynacor Gold Mines Inc. Announces a New Major Exploration Campaign on Its High Grade Gold Tumipampa Project

Dynacor Gold Mines Inc. announced that based on the discovery of high grade gold structures at Tumipampa and the very promising exploration results obtained over the past 24 months it has decided to fast track the exploration of this property. This new 18 month Exploration Campaign will involve both underground excavation of cross-cuts, drifts and chimneys and underground drilling as well as diamond drilling of priority targets from the surface and the continuation of the sampling program of the six (6) chargeability anomalies in the disseminated gold zone at Tumipampa. Underground Exploration and Drilling: Extension of Cross-cut 330NW towards the Rosa, Tumi and Sorpresa veins - this will involve the excavation of more than 500 meters of the main gallery as well as the excavation of chimneys and drifts; Excavation of a new Cross-cut 485NW which will be located 40 meters below and 250 meters to the Northeast of the entrance to Cross-cut 330NW; Total underground excavation adding up to more than 2,000 meters; and Drilling from underground drilling stations of 26 priority targets adding up to a total of 6,000 meters. The main targets are the Manto Dorado and the Sorpresa, Tumi, Rosa and A veins and their associated mineralized structures. Surface Exploration and Drilling: Dynacor is planning to continue its surface geochemical sampling program in the disseminated gold zone in order to collect surface channel samples from the areas over all six (6) geophysical anomalies; Also in this zone, the Company is planning to drill seven (7) holes adding up to a total of approximately 1,500 meters from the surface targeting the six (6) geophysical anomalies and their associated structures. Finally, Dynacor is planning to carry out a new geophysical survey to cover areas of the Tumipampa property that have not yet been explored or mapped.

Dynacor Gold Mines Inc. Announces the Results of the geochem Surface Rock Sampling on the IP Chargeability Anomalies 1 and 2 at Tumipampa

Dynacor Gold Mines Inc. announced the results of the geochem surface rock sampling on the IP Chargeability Anomalies 1 and 2 at Tumipampa. Nine surface samples on the IP Chargeability Anomalies 1 and 2 returned assay results between 1.02 g/t Au and 35.58 g/t Au. A total of 133 surface samples were collected on the IP Chargeability Anomaly 1 of which 30 were anomal (Au >0.05 g/t) including 15 samples with >0.30 g/t Au and 7 samples assayed between 1.1 g/t Au and 35.58 g/t Au. The gold mineralization occurs in brecciated quartzites. Four samples returned high gold assays of 1.84 g/t Au, 2.51 g/t Au, 3.35 g/t Au and 35.58 g/t Au, and with associated silver mineralization returning assays of 0.67 oz/t Ag to 9.26 oz/t Ag, and associated lead mineralization returning assays of 0.13% Pb to 2.01% Pb. Anomaly 1 measures 230 m in width (east-west) by 300 m in length (north-south). Ninety surface samples were collected on IP Chargeability Anomaly 2 of which 19 samples were anomal (Au >0.05 g/t), including 3 samples with >0.3 g/t Au, and 2 samples assayed 1.02 g/t Au and 2.28 g/t Au. The gold mineralization occurs in brecciated quartzites. Anomaly 2 measures 170 m in width (east-west) by 175 m in length (north-south). Tumipampa property has six Chargeability Anomalies of which anomalies 1 and 2 have been partially sampled. Anomalies 3 to 6 show chargeability responses similar or better than the anomalies 1 and 2. Hence surface sampling of the six chargeability anomalies will continue over the next few months. The samples were sent to the internationally certified laboratory Certimin S.A. for analysis. Samples were assayed by ICP analysis and for assays greater than 10 g/t Au a gravimetric FAA finish assay is used. Standards, blanks and duplicates are used in the sampling process as part of the QA/QC for all samples. The program, sampling, collection of samples and the QA/QC methodology is implemented and followed by Alonso Sanchez, Chief Geologist for Dynacor Gold Mines, B.Eng. and QP under the American Institute of Professional Geologists (AIPG).

Dynacor Gold Mines Inc. Reports Unaudited Consolidated Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Production Guidance for the Year 2014

Dynacor Gold Mines Inc. reported unaudited consolidated earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported sales of $24.018 million against $28.100 million a year ago. Operating income was $3.169 million against $4.553 million a year ago. Net income and comprehensive income was $1.824 million or $0.05 basic and diluted per share against $3.045 million or $0.08 diluted per share a year ago. EBITDA was $3.442 million against $4.716 million a year ago. Cash flow from operating activities was $3.400 million against $1.597 million a year ago. For the nine-month, the company reported sales of $63.103 million against $87.312 million a year ago. Operating income was $7.892 million against $11.130 million a year ago. Net income and comprehensive income was $4.734 million or $0.12 diluted per share against $6.964 million or $0.18 diluted per share a year ago. EBITDA was $8.796 million against $11.715 million a year ago. Cash flow from operating activities was $8.449 million against $12.317 million a year ago. For the quarter, the company's total gold production was 19,217 ounces compared to 19,741 ounces a year ago. Silver production which is a by-product of the ore processed was 39,531 ounces compared to 40,148 in a year ago. For the year 2014, the company has set production guidance to process 75,000 DMT of gold ore and 70,000 ounces of gold.

 

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