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.

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.

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)

(All dollar amounts are United States dollars unless otherwise stated)

 

VANCOUVER, Nov. 7, 2019  - Asanko Gold Inc. ("Asanko" or the "Company") (TSX, NYSE American: AKG) reports third quarter ("Q3") 2019 operating and financial results for the Asanko Gold Mine ("AGM"), located in Ghana, West Africa. The AGM is a 50:50 joint venture ("JV") with Gold Fields Ltd (JSE, NYSE: GFI), which is managed and operated by Asanko. 

 

Q3 2019 Asanko Gold Mine Highlights (100% basis)

 

Record proceeds of $91.0 million generated from gold sales of 63,009 ounces at an average realized price of $1,443 per ounce

Record gold production of 62,440 ounces, on track to meet 2019 production guidance of 225,000 to 245,000 ounces

All-in sustaining cost1 ("AISC") of $1,179/oz, with 2019 guidance of $1,040 – $1,060/oz maintained as AISC are expected to drop in Q4 2019 with the completion of the Nkran Cut 2 pushback

Generated adjusted EBITDA1 of $25.7 million, operating cash flows of $45.6 million and free cash flow1 of $13.9 million

Net income after tax of $5.1 million, before any impairment adjustments that may arise from the ongoing work associated with the AGM Life of Mine ("LOM") plan, which was announced on August 15, 2019

Cash balance, receivables and gold on hand totalling $46.5 million

Concluded a revolving credit facility in the amount of $30 million with Rand Merchant Bank