Dynacor Gold Mines, $1.14, symbol DNG on Toronto (Shares outstanding: 33.0 million; Market cap: $43.9 million; www.dynacorgold.com), owns three exploration properties in Peru: Acari, Tumipampa and Casaden.
The company has an exploration program underway at Tumipampa. So far, drilling has revealed gold and copper mineralization.
Dynacor is using cash flow from its 100%-owned gold milling plant on the Acari property to finance its exploration activities. In the three months ended December 31, 2010, Dynacor’s cash flow was $1.3 million, or $0.04 a share.
Dynacor is okay for highly aggressive investors to hold.
hold.
…
Privacy Policy and Terms of Use
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