MONTREAL–January 21, 2025 (BUSINESS WIRE)– Dynacor Group Inc. (TSX-DNG) (“Dynacor” or the “Corporation”), an international gold ore processing company servicing ASMs (artisanal and small-scale miners), today announced unaudited gold sales of $30.2 million in December 2024, for record sales of $284.4 million annually. All figures are in US dollars unless otherwise indicated.
(Graphic: Business Wire)
Annual Highlights
Monthly Highlights
The Corporation will release its 2025 financial guidance in February and its 2024 annual financial results at the end of March.
(1) Sales are converted using the average monthly exchange rate.
About Dynacor
Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The Corporation is engaged in gold production through the processing of ore purchased from the ASM (artisanal and small-scale mining) industry. Dynacor operates in Peru where its management and processing teams have decades of experience working with ASM miners. It also owns a gold exploration property (Tumipampa) in the Apurimac department.
The Corporation intends to expand its processing operations to other jurisdictions.
Dynacor produces environmental and socially responsible gold through its PX IMPACT® gold program. A growing number of supportive firms from the fine luxury jewelry, watchmaker and investment sectors pay a small premium to our customer and strategic partner for this PX IMPACT® gold. The premium provides direct investment to develop health and education projects for our artisanal and small-scale miner’s communities.
Dynacor trades on the Toronto Stock Exchange under the ticker DNG and is ranked on the 2024 TSX30. The TSX30 is an annual ranking of the 30 top-performing companies on the Toronto Stock Exchange (TSX) over a three-year period.
Forward-Looking Information
Certain statements in the preceding may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management’s current expectations regarding future events and operating performance as of the date of this news release.
For more information, please contact:
Ruth Hanna
Director, Investor Relations
T: 514-393-9000 #236
E: [email protected]
Website: http://www.dynacor.com