Dynacor Declares April 2022 Monthly Dividend
Dynacor Gold Mines has declared a monthly dividend of C$0.0083 per common share, payable on April 19, 2022, to shareholders on record as of April 8, 2022. This marks the 25th dividend payment and the 15th consecutive month of dividends. The dividend qualifies as an 'eligible dividend' for Canadian tax purposes, with future payments subject to the Board's discretion based on financial performance and cash needs. Dynacor processes gold ore from artisanal miners in Peru, promoting socially responsible practices through its PX IMPACT® gold program.
- Monthly dividend payment of C$0.0083 per share demonstrates ongoing shareholder return.
- Dynacor's commitment to socially responsible gold production may appeal to investors focused on sustainability.
- Future dividends depend on the Board's discretion, which poses uncertainties for investors.
MONTREAL, March 24, 2022 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG) (Dynacor or the Corporation) announced its monthly dividend. The declaration of a dividend payment of C
The Corporation’s monthly dividend qualifies as an “eligible dividend” for Canadian income tax purposes. The payment and increase of dividends are at the discretion of the Board and will depend on the Corporation’s financial results, cash requirements, prospects and other factors deemed relevant by the Board.
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 38 526 247
Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold
PDF available: http://ml.globenewswire.com/Resource/Download/cdaa458e-ee49-407c-ac2f-952f9cd16916
FAQ
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