Dynacor Gold Mines Inc. - DNG.t

Dynacor Gold Mines Inc. - DNG.t is a gold ore processing and exploration Company active in Peru since 1996. The Company has also focused on exploration of its mining concessions including the flagship property, Tumipampa.

On March 18, 2015 the company released News

DYNACOR OBTAINS FINAL CONSTRUCTION PERMIT FOR ITS NEW GOLD ORE-PROCESSING PLANT IN CHALA

Dynacor Gold Mines Inc. has obtained the construction permit for its new gold ore processing plant in Chala (southern Peru). The construction permit has been issued by the Ministry of Energy and Mines (MEM) in Lima which regulates medium- and large-scale (capacity greater than 350 tonnes per day) mining operations throughout Peru. The company is currently commissioning the best construction companies with the required experience and record. The new plant will have an initial ore processing capacity of 300 tonnes per day (tpd) (102,000 tonnes per year (t/y)). The Chala plant has been designed to be readily expanded to 450 tpd (153,000 t/y) and then to 600 tpd (204,000 t/y) by adding additional processing lines and ball mills. The Chala facility will be built on a 135-hectare site that is part of a 200-hectare mining concession which was purchased by Dynacor in March, 2011. This concession is located in the department of Arequipa, district of Chala, in the heart of one of the most productive gold mining regions of Peru. The total construction cost has been estimated at $10-million (U.S.) and will be entirely financed internally.

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