Bad news for Dynacor Gold (DNG.to)
As from January 1st 2014, the Peruvian authorities are cracking down on the illegally mined ores coming into Nazca and Chala. IKN predicts a margin squeeze at DNG as from 1q14.
Today, we have this from the company:
Dynacor Temporarily Suspends Ore Purchases for its Huanca Gold and Silver Ore Processing Plant
And the reason? Well, go take a look at the NR for yourself.