Dynacor Gold Mines is a hybrid gold company with a lower risk business model. Using its 100% owned gold ore-processing plant located in southern Peru it generates the cash flow necessary for the exploration of its mining properties. Thus, it avoids diluting its shareholders by repeated financings that characterize junior gold exploration companies. At December 31, 2011, Dynacor has 35.5 million shares outstanding.

In 2010, Dynacor Gold generated $3.1 million of cash flow from operations on record gold sales of $43.7 million. In 2011, the company expects to increase custom gold milling production by 34% and produce approximately 45,000 ounces of gold (as well as silver (Ag) by-product).

Dynacor Gold Mines owns several mining exploration properties in Peru including its flagship property, Tumipampa. This property is located in the heart of a fast evolving mining region of Peru and is surrounded by senior mining companies whom are developing large scale skarn/porphyry copper/gold mines. Dynacor has a 5.5 million dollar exploration campaign underway on Tumipampa which hosts a recently discovered gold and copper rich skarn deposit that is more than 4 km long.

Dynacor Gold Mines strives to ensure compliance with the very highest environmental standards and seeks to promote and apply proactive social responsibility in all of its operations.
 Last Updated ( 19-01-2012 )