Peruvian gold ore processor targets record year
- Published: Nov 28, 2018, 3 AM
One of the world’s largest purchasers and processors of gold ore, Dynacor Gold Mines Inc., forecasts calendar year 2018 will set a record for processing.
The Montreal-based firm, with operations in Peru, announced October that gold production results reached 7,352 troy ounces, an 11 percent monthly average increase from the previous nine months in 2018.
Inside Coin World: Counterfeit Trade dollar with wrong reverse: In the Dec. 10 issue, columns exclusive to subscribers include one on a counterfeit Trade dollar with the wrong reverse and a spotlight on Wisconsin quarter varieties.
Dynacor is the largest publicly owned ore processing company in Peru.
According to the firm, “As history illustrates, gold production is highest during the last quarter of the year, October to December. The Corporation expects to report its best quarter for 2018 at approximately 22,500 ounces for an annual total of 82,000 ounces of gold, a 2.6 percent year over year increase and all-time high over Dynacor’s last decade of production.”
Dynacor reports that in 2017, operations in Peru produced 79,897 ounces of gold, a 9 percent increase over 2016’s reported 73,477 ounces.
Connect with Coin World:
MORE RELATED ARTICLES
US Coins Jul 13, 2020, 3 PM
World Coins Jul 13, 2020, 1 PM
Paper Money Jul 13, 2020, 12 PM
US Coins Jul 13, 2020, 11 AM