03:47 PM EST, 03/01/2019 (MT Newswires) -- Dynacor Gold Mines (DNG.TO) on Friday it expects to begin exploration drilling at the Tumipampa project in Peru once it receives permits after a geophysical survey showed several anomalies and it released 2019 production guidance.

The company said it plans a 12-hole program totalling 4,410 meters of core, prioritizing on the Breccia Sumac grid on the property.

Dynacor said it expects to produce about 87,000 ounces of gold in 2019, up from 81,314 ounces in 2018 from its Veta Dorada mill in Peru.

The company's shares were last seen down $0.02 to $1.76 on the Toronto Stock Exchange.

Price: 1.76, Change: -0.02, Percent Change: -1.12