The company buys ore from registered artisanal miners in Peru and processes it into doré at its Veta Dorada plant, 600 km south of Lima.
The processing plant poured its first gold in October 2016 and last year produced 79,897 oz. in 2017.
“We are confident that in 2018 we will further increase this, as the company closes in on the 100,000 oz. per year production level,” Jean Martineau, Dynacor’s president and CEO, says in a telephone interview from his office in Montreal. “I don’t think we’ll be able to reach 100,000 ounces this year, but we’ll be pretty close to that, maybe around 90,000 or 92,000 ounces.”
The mill, which can be expanded to 600 tonnes per day as required, reached a throughput of 300 tonnes per day at the end of November, and Dynacor’s next goal is to ramp it up to 360 tonnes per day before the end of the year.
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