Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Dynacor Group Inc T.DNG

Alternate Symbol(s):  DNGDF

Dynacor Group Inc. is a Canada-based industrial gold ore processor. The Company is engaged in gold production through the processing of ore purchased from the artisanal and small-scale mining (ASM) industry. The Company also owns the rights on several mining properties which are at the exploration stage, including its flagship exploration gold, copper, and silver prospect, the Tumipampa property (Tumipampa). Tumipampa is located approximately 500 kilometers (km) from Lima, Peru, in the Circa district, Province of Abancay, Department of Apurimac. Tumipampa's concessions cover an area of approximately 4,000 hectares and are located geographically on the eastern slopes of the Andes Mountain Range between 4,200 and 4,800 meters above sea level. The Company's produces environmentally responsible gold through its PX IMPACT gold program. Its Veta Dorada plant is gold mineral processing plant in Peru. The Company's Anta property is a copper/silver exploration prospect.


TSX:DNG - Post by User

Bullboard Posts
Comment by ijerryhaleon Aug 16, 2019 7:38pm
100 Views
Post# 30038586

RE:DNG's plan to increase gold production by 30% in H2 2019 !!

RE:DNG's plan to increase gold production by 30% in H2 2019 !!Somebody please check my math here. Look at items 3 and 4 in the 'plan'. This just looks like "safe-harbor shinola".

If these things happen ON December 31 they will not even be accretive to H2 2019? What happens to a 30% increase and 88 - 92K of production at that point?


3. --- "expects to see significant throughput from these further concessions on or before December 31, 2019"

4. ---"group expects to start operations in another section of high-grade veins on or before December 31, 2019"

 Beyond this, items 1 & 2 they are ALREADY doing, yet the grades are STILL falling and volument processed is STILL falling.

With a similar volume processed (22,737 tonnes in Q2-2019 vs. 23,172 tonnes in Q2-2018), our production, however, decreased by 12.2% compared to Q2-2018 (18,095 ounces in Q2-2019 vs. 20,610 ounces in Q2-2018). This decline is mainly explained by a 9.4% decrease in the average grade of the available ore processed during the period. Volume of gold sold has decreased by 19.2% compared to 2018 due to the lower production combined with the variances of gold in process.

I'm sorry, but if I look at both this 'plan' and the 'Financai' section of the Q2-2019, it's pretty depressing.

Bullboard Posts