Dynacor Announces 50% Increase to Its Quarterly Dividend

MONTREAL, Nov. 20, 2019  -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) a leading ore purchasing and processing corporation servicing artisanal and small-scale miners (ASM) in Peru, announced today that its Board of Directors approved an increase in the Corporation’s quarterly dividend payment to CA $0.015 (annual CA $0.06 per share), a 50% increase.
 
Today’s announcement marks the first increase in the Corporation’s dividend history, which was launched on October 1, 2018. The decision to increase reflects management’s and the Board’s continued confidence in Dynacor’s select business model, which has proven over the years to deliver consistent earnings and free cash flow. With management’s new optimization strategy in operations steadily improving cost efficiencies, an increase in gold production and a stable or increasing gold price, the year 2020 should see Dynacor improving on its operating cashflows.           
 
Dynacor has reported profits for 34 consecutive quarters. The Corporation will continue to evaluate its dividend policy as it increases free cash flow and cash balances with the potential for further increases to its dividend. Since launching the first dividend on October 1, 2018, the Corporation has paid to shareholders five cash instalments amounting to CA $0.05 per common share.
Read more: Dynacor Gold Mines Inc ( DNG )

First Mining Intersects 7.27 g/t Gold over 14.0 Metres at the Goldlund Property

Drill Program at Miller Expanded to 32 holes due to Success in Delineating Mineralization;
Additional Drilling Planned at the Goldlund Main Zone to Further Define Existing Resource Area
 
VANCOUVER, BC /  November 19, 2019 / First Mining Gold Corp. ("First Mining" or the "Company") (TSX:FF) (OTCQX:FFMGF) (FRANKFURT:FMG) is pleased to announce an expanded drill program at Goldlund, as well as additional assay results from the drilling completed to date at the Miller prospect ("Miller"). Miller forms part of the Company's wholly-owned Goldlund property ("Goldlund") in Ontario, Canada and is located 10 kilometres northeast and along strike of the current resource area at Goldlund.
 
Latest highlights from holes drilled at Miller include:
 
Hole MI-19-017 intersected 0.88 grams per tonne gold ("g/t Au") over 169.0 metres ("m")
Including 3.42 g/t Au over 37.0 m and 7.27 g/t Au over 14.0 m; and
Including 65.97 g/t Au over 1.0 m
 
Hole MI-19-018 intersected 0.86 g/t Au over 123.0 m
Including 2.08 g/t Au over 34.0 m and 23.96 g/t Au over 1.0 m
Read more: First Mining Gold Corp ( FF )

Q3-2019: Dynacor Processes Record Volumes and Triples its Net Earnings

MONTREAL, Nov. 15, 2019  -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation), reports its financial results for its third quarter ended September 30, 2019.
 
The unaudited condensed consolidated financial statements and the management's discussion and analysis (MD&A) for the three-month and nine-month periods ended September 30, 2019, have been filed electronically with SEDAR at www.sedar.com and will be available on the Corporation's website www.dynacor.com.
 
(All figures in this press release are in millions of US$ unless stated otherwise. Earnings per share and cash flow per share are in US$. All variance % are calculated from rounded figures. Some additions might be incorrect due to rounding).
 
For the three-month period ended September 30, 2019, Dynacor processed quarterly record volumes and completed its thirty fourth (34th) consecutive quarter of profits tripling its net income to $2.3 M ($0.06 per share), compared to $0.7 M ($0.02 per share) for the same period of 2018.
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First Mining Files Technical Report for the Positive Updated Preliminary Economic Assessment for the Springpole Gold Project

Pre-Tax NPV5% of US$1.23 billion, Pre-Tax IRR of 26% and AISC of US$552/oz
Average Annual Gold Production of 410,000 ounces in Years 2 through 9
 
VANCOUVER, BC / November 7, 2019 / First Mining Gold Corp. ("First Mining" or the "Company") (TSX:FF) (OTCQX:FFMGF) (FRANKFURT:FMG) is pleased to announce it has filed on SEDAR an independent Preliminary Economic Assessment ("PEA") technical report (the "Report") for its Springpole Gold Project ("Springpole" or the "Project") located in northwestern Ontario, Canada. The Report, which is entitled "Preliminary Economic Assessment Update for the Springpole Gold Project, Ontario, Canada" and has an effective date of September 1, 2019, was prepared by SRK Consulting (Canada) Inc. in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").
 
Springpole is one of the largest undeveloped open pit gold projects in North America. The updated PEA contemplates an open pit mine and milling operation and reflects updated metallurgical testwork that has demonstrated the potential for significantly improved recoveries. The PEA also reflects updated operating and capital cost estimates.
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Skeena Delivers Robust Project Economics for Eskay Creek: After-Tax NPV5% of C$638M, 51% IRR and 1.2 Year Payback

VANCOUVER, BC / November 7, 2019 / Skeena Resources Limited (TSX.V:SKE) (OTCQX:SKREF) ("Skeena" or the "Company") is pleased to announce the initial Preliminary Economic Assessment ("PEA") completed by Ausenco Engineering Canada Inc. ("Ausenco"), supported by SRK Consulting (Canada), and AGP Mining Consultants, for the Eskay Creek gold-silver project ("Eskay Creek" or the "Project") located in the Golden Triangle of British Columbia.
 
Eskay Creek 2019 PEA Highlights:
 
High-grade open-pit averaging 3.23 g/t Au, 78 g/t Ag (4.17 g/t AuEq) (diluted)
After-tax NPV5% of C$638M (US$491M) and 51% IRR at US$1,325/oz Au and US$16/oz Ag
After-tax payback period of 1.2 years
Pre-production capital expenditures (CAPEX) of C$303M (US$233M)
After-tax NPV:CAPEX Ratio of 2.1:1
Life of mine ("LOM") average annual production of 236,000 oz Au, 5,812,000 oz Ag (306,000 oz AuEq)
Read more: Skeena Resources Limited ( SKE )

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