Dynacor Declares July 2021 Monthly Dividend

Rhea-AI Summary

Dynacor Gold Mines announced a monthly dividend of C$0.0067 per share, payable on July 16, 2021, to shareholders of record as of July 8, 2021. This marks the sixteenth dividend payment and sixth monthly distribution. The dividend qualifies as an 'eligible dividend' for Canadian income tax purposes, emphasizing the company's commitment to returning value to shareholders.

Dynacor, engaged in environmentally responsible gold processing in Peru, is expanding its operations and focuses on developing community support through its PX IMPACT® gold program.

Positive

• Monthly dividend of C$0.0067 per share enhances shareholder value.
• Sixteenth dividend payment indicates consistent financial performance.
• Engagement in community development through PX IMPACT® gold program.

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• None.

MONTREAL, June 28, 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 July 16, 2021, to shareholders of record as of the close of business on July 8, 2021. This dividend represents the sixteenth dividend and sixth 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: 38,864,341

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

PDF available: http://ml.globenewswire.com/Resource/Download/4c7e2fcd-0f79-4136-9264-224d05d77193

FAQ

What is the dividend amount announced by Dynacor Gold Mines?

Dynacor Gold Mines announced a monthly dividend of C$0.0067 per share.

When will the dividend be payable?

The dividend will be payable on July 16, 2021.

Who is eligible for the Dynacor dividend?

Shareholders of record as of July 8, 2021, are eligible for the dividend.

How many dividends has Dynacor paid to date?

Dynacor has paid a total of sixteen dividends.

What type of dividend has Dynacor declared?

The dividend qualifies as an 'eligible dividend' for Canadian income tax purposes.