New Record High Of 8,908 Oz Of Gold In December

MONTREAL, QB - Dynacor Gold Mines Inc. reported that at the gold ore processing facility in Chala, Peru has been running at its full capacity of 300 tpd since the 25th of November. Gold production in the month of December reached an all-time record high of 8,908 oz. In 2017, for its first full year of operations, Dynacor's new Veta Dorada plant achieved a 12-month production record of 79,897 ounces of gold. Contributing to this milestone is a record high gold production of 24,066 ounces in the fourth quarter. Highlights: Reached full capacity of 300 tpd in November; Record monthly gold production of 8,908 ounces in December, a 31% increase as compared to December 2016 (6,803 oz); Record quarterly gold production of 24,066 ounces, a 15 % increase as compared to Q4 2016 (20,015 oz).

2017 full-year operating highlights: Record annual gold production of 79,897 ounces at the top end of management's production guidance of 78-80,000 ounces; Total ore processed per month increased by 62% from January (5,303 metric tonnes) to December (8,610 metric tonnes); and total ore purchased per month increased by 74% from 4,926 metric tonnes in January to 8,574 metric tonnes in December.

Jean Martineau, President and CEO stated, "I am pleased to be able to report that our new Veta Dorada plant is operating smoothly and in conformity with its design specifications. Gold production, in 2017, reached an all-time record of 79,897 oz and our annual gold production is in an uptrend since 2015. Based on our Q4-2017 production of 24,066 oz and the current ore gold grade delivered to the plant we are closing in, on an annualized basis, on the 100,000 ounces mark. The Veta Dorada plant in Chala is now operating at 300 tpd which is its rated initial capacity and our next operating goal is to be ramping up to 360 tpd capacity."