It’s the only
position in the non-core portfolio, so I’m all over this one. This PR basically formalizes DMM’s recent presentation at the San Francisco mining conference, but it’s good to see them go to the trouble of nailing their colours to the wall via an official press release. I’m long this one. You long this one? You should be long this one. Find out more here
about why this stock is a great buy right now.
Dynasty Plans to Commission Gold Plant By the End of March 2009
Wednesday December 17, 8:30 am ET
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 17, 2008) – Dynasty Metals & Mining Inc. (TSX:DMM – News; “Dynasty” or the “Company”) has nearly completed plant construction at its Zaruma Gold Project in Ecuador.
Company President, Rob Washer, commented: “President Correa and other senior Mining Ministry representatives continue to express publicly and privately their support for “large scale environmentally responsible” mining in Ecuador. After months of direct consultation with government and industry officials regarding the Mining Mandate and draft amendments to the Mining Act, we concluded we should complete construction so that we may commission the gold plant at Zaruma as soon as practicable. We are presently planning for the end of March 2009.Initially, we plan to process 300,000 tonnes of ore to produce approximately 100,000 ounces of gold annually. The installed capacity of yada yada continues here