Dynasty Metals & Mining Reports Q4 Production - Quick Facts

(RTTNews) - Dynasty Metals & Mining Inc. (DMM.TO, DMMIF.PK) reported production of 4,133 ounces of gold from the Zaruma mine in the fourth quarter of 2015, for a total of 18,144 ounces of gold produced in calendar year 2015. The average grade for gold production in the fourth quarter was 4.37g/t Au. During the fourth quarter, 5,634 ounces of gold were sold at an average price of US$1,099 per ounce. Production rate decreased in December 2015 due to normal workforce reductions during the holiday period, the company said.

Zaruma expects to ramp up towards 500 tonnes per day during the first half of 2016 and expects to continue to increase tonnage through 2016 and into 2017.

Dynasty said the company continues implementation of its cost containment measures, with cost savings expected to be derived throughout the remainder of 2016.