Business
Gold production tops 25,000 ounces at Dynacor Gold's Plant in Peru
Dynacor Gold Mines Inc. (dynacor gold) Symbol: DNG Toronto Stock Exchange (TSX)
About this update from Dynacor Group Inc
[{"type":"text","content":"\n\n\n\nDynacor Gold Mines Inc. (dynacor gold)\n\n\nSymbol: DNG\n\n\nToronto Stock Exchange (TSX)\n\n\nMONTREAL, Jan. 16 /CNW Telbec/ - Dynacor Gold Mines Inc. (TSX: DNG)\n("Dynacor") is very pleased to announce that in 2007 the Acari mill produced a\nrecord 25,789 ounces of gold. Gold production increased by 11,411 ounces\nrepresenting an increase of 79%, as compared to the 14,378 ounces the mill\nproduced in 2006. Jean Martineau, the Company's CEO and President commented\nrecently: "For the first time in the Company's history, gold production\nexceeded the targeted production as mentioned in the Company's 2006 annual\nreport: Dynacor plans to continue increasing the production capacity of the\nAcari mill, to reach a gold production of 20,000 ounces in 2007 and\n25,000 ounces in 2008. The Company has in fact reached its 2008 target of\n25,000 ounces one year in advance." This extraordinary result is due to an\nincrease in the plant's milling capacity, improved technology as well as new\nadministrative and cost control procedures that were implemented by the\nCompany's management both in Canada and in Peru.\n\n\nAcari Plant\n\n\nIn the last quarter of 2006 and during 2007, a series of major changes\nwere gradually implemented at the Acari plant and this process is ongoing as\nwe will see below. First and foremost starting in the 3rd quarter of 2006 the\nmilling rate was increased to 100 tons/day by purchasing new equipment and\nupgrading some of the existing equipment. Two new cyanidation tanks were built\nand a third one is being completed. Ore purchases were optimized and the\naverage year-round gold grade of the custom milled ores increased by 29%\n(equivalent to an increase of 6.14 g/t). Furthermore, during 2007 gold\nrecovery rates were also optimized and increased by more than 2%.\n\n\nNew monitoring and cost control procedures were introduced and recycling\nof certain chemicals and process solutions was enhanced, in particular with\nrespect to cyanide. New processes were implemented in order to increase the\nrecovery of metallic silver and mercury. Finally, new environmental safety\nprocedures were implemented and worker safety was also enhanced.\n\n\nOutlook for 2008-2009\n\n\nIn 2008-2009, the Company plans to gradually increase its milling\ncapacity to 150 tons/day and finish building a Merrill Crow...