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YEAREND 1995 - FIRST QUARTER 1996 RESULTS
May 14, 1996...Dayton Mining Corporahon announces today its results for the twelve months ended December31, 1995 and the three months ending March 31, 1996 as follows:
Three months ended Twelve months ended March 31 December31 1996 1995 1995 1994 Income (loss) for the period (Cdn$000's) 495 (997) (3,526) (l,476) ----- ------ ------- ------- Income (loss) per share (Cdn$) 0.02 (0.03) (0.12) (0.06)
The Company's 100% owned Andacollo Gold Mine commenced commercial operations on January 1, 1996, and produced 22,159 ounces of gold during the first quarter of 1996. Cash operating costs were slightly under budget at US$163 per ounce of gold. By March 31, 1996 2.7 million tons of ore had been placed on the leach pad containing 62,700 recoverable ounces of gold. Gold production is expected to increase each quarter into 1997 as the 120 day leach cycle approaches a steady state, and current and planned increases in crusher throughput take effect.
Dayton Mining Corporation is listed on the Toronto Stock Exchange in Canada and the American Stock Exchange in the United States under the trading symbol DAY.
Trading
Symbol: DAY
Exchanges:
American Stock Exchange
Toronto Stock Exchange
Dayton Mining Corporation
Suite 2453
Three Bentall Centre
595 Burrard Street
P.O. Box 49186
Vancouver, B.C. V7X 1K8
Phone FAX or E-mail today to obtain further information
PHONE: (604) 662-8383 FAX: (604) 684-1329
E-maildmining@dayton-mining.com
for more information