Company Press Release -DAY
Dayton Mining Corporation Announces Record Quarterly Production at the Andacollo Gold Mine
VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 7, 1998--Dayton Mining Corporation (AMEX:DAY - news; TSE:DAY. - news) is pleased to announce that its Andacollo Gold Mine located in central Chile produced a record 25,076 ounces of gold, at a cash operating cost of US$226 per ounce, for the quarter ending Sept. 30, 1998.
This represents the highest quarterly gold production since the Mine began commercial production in January 1996.
Bill Myckatyn, chairman, president and CEO states, ''I am very encouraged with the results we are achieving at Andacollo. The management of Dayton and Andacollo have worked hard to resolve the operational issues encountered earlier in the year and are pleased to see these efforts paying off. Andacollo is on target to produce slightly over 91,000 ounces of gold for 1998 at a cash operating cost of US$235 per ounce. Our objective is to develop the potential of Andacollo with increased production and lower operating cash costs going forward.''
Dayton is forecasting production of 145,000 ounces of gold for 1999 at an average cash operating cost of US$210 per ounce.
Dayton Mining Corporation holds a 100 percent interest in the Andacollo Gold Mine located in central Chile, and trades on both the American Stock Exchange (AMEX) and Toronto Stock Exchange (TSE) under the trading symbol DAY.
Notice: The Company relies on litigation protection for ''forward-looking'' statements.
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