Dynacor Announces its 2nd Consecutive Monthly Sales Record of US$25.8 Million (C$32.7 Million) in September and Quarterly Sales of US$ 61.9 Million (C$78.0 Million) in Q3-2021
Dynacor Gold Mines Inc. reported a record sales figure of US$25.8 million for September 2021, marking a 135% increase year-over-year. This brings third-quarter sales to US$61.9 million, reflecting a 157% rise from 2020. Year-to-date sales totaled US$145.6 million, up 131% compared to US$63.0 million last year. The average gold selling price was US$1,767 per ounce. Dynacor projects 2021 sales between US$185 million and US$190 million. The corporation plans to release its third-quarter financial results on November 15, 2021.
- Record monthly sales of US$25.8 million for September 2021, up 135% from last year.
- Third-quarter sales reached US$61.9 million, reflecting a 157% increase compared to 2020.
- Total sales year-to-date are US$145.6 million, a 131% rise from US$63 million in 2020.
- Projected sales for 2021 between US$185 million and US$190 million.
- None.
MONTREAL, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX-DNG) (Dynacor or the "Corporation"), an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), today announces its second consecutive monthly record with sales of US
Third-quarter sales amounted to US
A graph accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/646ff93b-3c00-49d5-9ced-02252a741e45
The average selling price of gold per ounce in September was US
The Corporation recently announced revised financial guidance with projected sales of between US
Total sales to date amount to US
Third-quarter 2021 financial results
Dynacor will publish its third-quarter 2021 financial results news release on Monday, November 15, 2021, before the market opens.
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. At present, 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 in other jurisdictions as well.
Dynacor produces environmental and socially responsible gold through its PX IMPACT® gold program. A growing number of supportive firms from the fine luxury jewelry, watchmakers 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 is listed on the Toronto Stock Exchange (DNG).
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.
Shares Outstanding: 38 875 763
Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold
PDF available: http://ml.globenewswire.com/Resource/Download/014a7d34-7598-4930-938d-2edfb1c2c53d
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