Twitter Facebook LinkedIn YouTube

Dynacor Gold Mines, a dividend-paying industrial gold ore processor, has reported March monthly gold sales of US$18.7 million, an increase of 45% over March 2021 and first quarter sales of US$50.1 million

Video Platform Video Management Video Solutions Video Player

Montreal-based Dynacor Gold Mines (TSX:DNG), a dividend-paying industrial gold ore processor, has released its unaudited monthly gold sales for the month of March. Gold sales for March 2022 came in at US$18.7 million or C$23.7 million, an increase of 45.0% over March 2021 and a 12% month-over-month increase over February’s sales.

Additional Information:

Company: Dynacor Gold Mines
Website: https://dynacor.com/
Stock Symbol: TSX:DNG
Date Published: Apr 21, 2022
Transcript: Available

Video Transcript:

Montreal-based Dynacor Gold Mines (TSX:DNG), a dividend-paying industrial gold ore processor, has released its unaudited monthly gold sales for the month of March.

Gold sales for March 2022 came in at US$18.7 million or C$23.7 million, an increase of 45.0% over March 2021 and a 12% month-over-month increase over February’s sales.

First quarter sales amounted to US$50.1 million, a 22.5% increase over the US$40.9 million reported for the first quarter of 2021.

The average selling price in March was US$1,935 per ounce compared to US$1,725 per ounce for March 2021.

The company is forecasting gold sales guidance for 2022 in the range of US$200 to $220 million, representing an expected growth of 4 to 14% over 2021 production sales, based on an average gold price of US1,810 per ounce for the year.

In early 2021, the company replaced its quarterly dividend with a monthly dividend, which was increased twice during 2021, and currently pays CDN$0.10 per share on an annual basis.

Dynacor, an international gold ore industrial company purchases ore from artisanal and small-scale miners which it processes at its Veta Dorada processing plant which is strategically located fifteen minutes off the Pan American Highway near Chala in southern Peru.

In mid-2021, Dynacor completed the expansion of its Veta Dorada plant which is now running at its full 430 tpd production capacity.

The company has plans for an 8-hole diamond drilling program, totalling 2,735 meters, at the company’s 100% owned, advanced stage Tumipampa gold exploration property in south central Peru’s Apurimac department, subject to reaching a work agreement with local communities.

The company is continuing to assess other opportunities of growth in Peru as well as in other jurisdictions.

Dynacor, a founding partner in the PX IMPACT® gold program, produces environmental and socially responsible gold.

A growing number of supportive firms from the fine luxury jewelry, watchmakers and investment sectors pay a small premium for this gold which provides direct investment to develop health and education projects for the artisanal and small-scale miner’s communities.

The shares are currently trading at $3.37, with 38.7 million shares outstanding.

For more information, please visit the company’s website www.dynacor.com, or contact the company at 514-393-9000 ext 230 or by email at investors@dynacor.com.

Related Videos

Dynacor Group, a dividend-paying industrial gold ore processor, reports quarterly net income of US$2.6 million or CDN$0.09 per share for the latest quarter on sales of US$53.9 million.7
Dynacor Group, a dividend-paying industrial gold ore processor, reports quarterly net income of US$2.6 million or CDN$0.09 per share for the latest quarter on sales of US$53.9 million.7
Dynacor Gold Mines, a dividend-paying industrial gold ore processor, reports unaudited gold sales of US$19.5 million for May 2022, an increase of 24.2% over US$15.7 million in May 2021
Dynacor Gold Mines, a dividend-paying industrial gold ore processor, reports unaudited gold sales of US$19.5 million for May 2022, an increase of 24.2% over US$15.7 million in May 2021
Dynacor Gold Mines, a dividend-paying industrial gold ore processor, reports record net income of US$5.1 million on gold sales of US$50.1 million for the latest quarter
Dynacor Gold Mines, a dividend-paying industrial gold ore processor, reports record net income of US$5.1 million on gold sales of US$50.1 million for the latest quarter
GERMAN VERSION - Montreal-based Dynacor Gold Mines has  released its audited annual financial statements, setting numerous records, as it reports its 11th consecutive annual profit.
GERMAN VERSION - Montreal-based Dynacor Gold Mines has released its audited annual financial statements, setting numerous records, as it reports its 11th consecutive annual profit.
Montreal-based Dynacor Gold Mines, a dividend-paying industrial gold ore processor, has released its audited annual financial statements, setting numerous records, as it reports its 11th consecutive annual profit
Montreal-based Dynacor Gold Mines, a dividend-paying industrial gold ore processor, has released its audited annual financial statements, setting numerous records, as it reports its 11th consecutive annual profit
Dynacor Gold, a dividend-paying industrial gold ore processor, reported February gold sales of US$16.7 million (unaudited), or approximately CDN$21.2 million, a 40.3% increase over February 2021
Dynacor Gold, a dividend-paying industrial gold ore processor, reported February gold sales of US$16.7 million (unaudited), or approximately CDN$21.2 million, a 40.3% increase over February 2021
Dynacor Gold Mines, ein dividendenstarker industrieller Golderzverarbeiter, hat eine Finanz- und Kapitalprognose für 2022 vorgelegt, die ein Gewinnwachstum von 22% bis 37% gegenüber der revidierten Prognose von 2021 beinhaltet
Dynacor Gold Mines, ein dividendenstarker industrieller Golderzverarbeiter, hat eine Finanz- und Kapitalprognose für 2022 vorgelegt, die ein Gewinnwachstum von 22% bis 37% gegenüber der revidierten Prognose von 2021 beinhaltet
Dynacor Gold Mines, a dividend-paying industrial gold ore processor, has provided financial and capital guidance for 2022, including earnings growth of 22% to 37% over the revised guidance from 2021
Dynacor Gold Mines, a dividend-paying industrial gold ore processor, has provided financial and capital guidance for 2022, including earnings growth of 22% to 37% over the revised guidance from 2021
Dynacor Gold, ein dividendenstarker industrieller Golderzverarbeiter, meldete seine monatlichen Goldverkäufe für Dezember mit einer Jahresproduktion von über 100.000 Unzen, was einen neuen Jahresrekord darstellt
Dynacor Gold, ein dividendenstarker industrieller Golderzverarbeiter, meldete seine monatlichen Goldverkäufe für Dezember mit einer Jahresproduktion von über 100.000 Unzen, was einen neuen Jahresrekord darstellt