Dynacor Announces January 2021 Sales of US$16.1 Million (Unaudited) (C$20.5 Million) and Sees 39.2% Year Over Year Growth in ASM Gold Ore Purchases
Dynacor Gold Mines Inc. reported US$16.1 million in sales for January 2021, marking a 39.2% year-over-year increase in gold ore purchases, totaling 9,931 tonnes. The sales reflect a 16.7% month-over-month growth from December 2020 due to processing a record volume of gold ore and favorable market conditions, with an average selling price of US$1,847 per ounce. The Veta Dorada plant achieved its best throughput at 340 tpd. Dynacor continues to operate in Peru and aims to expand its processing capabilities.
- Sales increased to US$16.1 million for January 2021.
- Gold ore purchases rose by 39.2% to 9,931 tonnes year-over-year.
- Monthly sales grew 16.7% from December 2020.
- Average selling price of gold was US$1,847 per ounce.
- Veta Dorada plant achieved an all-time best throughput of 340 tpd.
- None.
MONTREAL, Feb. 25, 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 announced US
The strong monthly sales are due to the Corporation purchasing and processing a best-ever January total of gold ore combined with a modest rise in the average grade and a healthy gold price market. The average selling price of gold per ounce in January was US
The Corporation's gold and silver sales for January 2021 of US
The Veta Dorada plant's throughput started the year at 340 tpd (tonnes per day), an all-time best for January.
(1) sales are converted using the monthly average 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. 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 artisanal and small-scale miner’s communities.
Dynacor is listed on the Toronto Stock Exchange (DNG) and the OTC in the United States under the symbol (DNGDF).
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.
Dynacor (TSX: DNG / OTC: DNGDF)
Shares outstanding: 38 866 254
Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold
PDF available: http://ml.globenewswire.com/Resource/Download/4070ace0-e294-4b7b-9205-2340dbff815b
FAQ
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