Dynacor Gold Mines Inc. reported production results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported total production amounted to 19,982 oz compared to 20,521 oz in third quarter 2017, a decrease of 2.6% attributable to lower average grades of ore processed. The total volume of ore processed during the quarter was 22,615 tonnes compared to 20,026 tonnes in third quarter 2017, an increase of 12.9%. However, the average ore grade was significantly lower than expected, which contributed to the slightly lower gold production in the quarter compared to 2017.

For the nine months, the company reported production amounted to 59,663 oz of gold compared to 55,831 oz in 2017, an increase of 6.9%. cumulative ore processing volume increased by 25.8% compared to 2017.

The company provided production guidance for the fourth quarter and full year of 2018. For the quarter, the company forecasted approximately 22,500 ounces of gold production.

For the year, the company forecasted total of just over 82,000 oz in 2018, a 2.6% year over year increase.