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07:59 AM EDT, 08/15/2016 (MT Newswires) -- Dynacor Gold Mines Inc. (DNG.TO), a Corporation with gold and silver ore processing operations and exploration projects in Peru that saw its shares drop 6% from near 52 week highs on Friday, said Monday that total gold and silver sales in Q2 2016 amounted to $21.5 million ($41.9 million for year to date 2016), compared to $20.2 million in Q2-2015 ($39.0 million for year to date 2015), an increase of $1.3 or 6.4% over Q2 2015 (an increase of $2.9 million or 7.4% over Ytd-2015). Net income was $1.1 million in Q2 2016, compared to $0.8 M in Q2 2015, an increase of 30.5% due to the increase in ounces produced, relating to the higher ore grade of 1.10 oz/DMT as compared to 1.02 oz/DMT in Q2-2015, which was slightly offset by lower volumes processed.
Price: 2.52, Change: -0.16, Percent Change: -6
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