Dynacor Declares August 2021 Monthly Dividend

Rhea-AI Summary

Dynacor Gold Mines announced a monthly dividend of C$0.0067 per common share payable on August 17, 2021. Shareholders on record as of August 9, 2021 will receive this payment. This marks the seventeenth dividend and the seventh monthly payment to investors. The dividend qualifies as an 'eligible dividend' for Canadian tax purposes and reflects the Board's discretion based on financial results and future prospects. Dynacor operates mainly in Peru, focusing on environmentally responsible gold production.

Positive

• Dividend of C$0.0067 per share represents consistent returns to shareholders.
• Seventeenth dividend payment demonstrates financial stability and commitment to shareholders.
• Monthly dividends indicate ongoing positive cash flow and operational success.

Negative

• None.

MONTREAL, July 27, 2021 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG) (Dynacor or the Corporation) announced its monthly dividend. The declaration of a dividend payment of C$0.0067 per common share will be payable on August 17, 2021, to shareholders of record as of the close of business on August 9, 2021. This dividend represents the seventeenth dividend and seventh monthly payment made to shareholders.

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) 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.

Toronto Stock Exchange (TSX): DNG
OTC (United States): DNGDF
Shares Outstanding: 38 916 797

Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold

PDF available: http://ml.globenewswire.com/Resource/Download/d4f4cd55-3dfe-4acd-981a-7a1fb969328a 

FAQ

What is the dividend amount for DNGDF shareholders?

The dividend amount for Dynacor Gold Mines shareholders is C$0.0067 per share.

When is the dividend payment date for Dynacor Gold Mines?

The dividend payment date is August 17, 2021.

Who qualifies for the dividend from Dynacor Gold Mines?

Shareholders of record as of August 9, 2021, qualify for the dividend.

Is the dividend from Dynacor Gold Mines considered eligible for tax purposes?

Yes, the dividend qualifies as an 'eligible dividend' for Canadian income tax purposes.