Dynasty Metals and Mining has now been in commercial production for 6 months. Management decided that beginning Oct 1, 2013, the mill and mine were operating as intended, even though at lower daily tonneage throughput.
4th qtr of 2013 saw the company earning net profits of $2,826,456 on sales of 12,335 ounces of gold and 12,851 ounces of silver.
Zaruma Gold Project Operating Results
Three months ended
December 31, 2013 (unaudited)
Gold Revenue $ 15,670,352
Gold sales (ounces) 12,355
Average realized price per ounce $ 1,268
Mined material milled (tonnes) 29,948
Average grade (grams/tonne) 15.14
Average recovery (%) 94.3
Gold production (ounces) 13,748
Cash costs (US$/oz Au)
(a,b)
$592
Cash costs (US$/tonne Au)
(a,b)
$272
All-in sustaining cash cost (US$/oz Au)
(a,b) $791
a) Net of by-product credits b) Non-GAAP measure. See “Non-GAAP Measures” section of this M,D&A
