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Dynacor Gold Mines IncSymbolC : DNGShares Issued36,323,587Close 2014-01-28C$ 2.07Recent Sedar Documents

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Dynacor stops buying Au during Peruvian gov't crackdown

2014-01-29 07:12 ET - News Release

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Mr. Jean Martineau reports

DYNACOR TEMPORARILY SUSPENDS ORE PURCHASES FOR ITS HUANCA GOLD AND SILVER ORE PROCESSING PLANT

Dynacor Gold Mines Inc. has provided an update. Government authorities and the customs agency, in an effort to crack down on illegal mining and illegal gold exports from Peru, have reinforced the inspection process at the ports and airports that are used for the export of gold, and now require much more detailed information than previously. This has created a rather confused situation which the corporation expects will be clarified by the authorities shortly.

Dynacor has consequently temporarily and voluntarily decided to suspend gold ore purchases from its suppliers. The Huanca gold ore processing plant will however continue operating at its full capacity using stockpiled ore for the next three weeks.

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