Dynacor Announces Peruvian Authorities Release the First Tranche of Gold Bars Retained From December 2019 Shipment Valued at Approximately US$2.9 Million (C$3.7 Million)
MONTREAL, July 22, 2021 -- Dynacor gold mines inc. (TSX-DNG) (Dynacor or the "Corporation"), an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), is pleased to announce that Peruvian authorities have released two gold bars which are equivalent to slightly more than 60% of the gold held in an administrative process which began in late 2019.
The two gold bars represent a total of 50.85 Kg for an amount valued at approximately US$2.9 million (C$3.7 million).
As disclosed in December 2019, at the time, the Peruvian authorities retained exports and requested at least three gold exporting companies, including Dynacor, to submit supporting documents relating to their gold production. However, it is essential to note that Dynacor is not a target of this process, which instead points to five ASMs from whom Dynacor has purchased ore. Today, Dynacor purchases ore from over six hundred registered ASMs.
- Published: 22 July 2021
- Written by Editor