Dynacor Declares June 2022 Monthly Dividend

Rhea-AI Summary

Dynacor Gold Mines Inc. (DNGDF) announced a monthly dividend of C$0.0083 per common share, payable on June 17, 2022, to shareholders on record by June 9, 2022. This marks the 27th dividend and 17th monthly payment to shareholders. The dividend qualifies as an 'eligible dividend' for Canadian tax purposes. Payment decisions will rely on the Corporation's financial performance and cash needs. Dynacor operates primarily in Peru and aims to expand its processing operations.

Positive

• Monthly dividend of C$0.0083 demonstrates ongoing income for shareholders.
• Consistent dividend history with 27 dividends paid.
• Engagement in socially responsible gold production through PX IMPACT® gold program.

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• None.

MONTREAL, May 26, 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$0.0083 per common share will be payable on June 17, 2022, to shareholders of record as of the close of business on June 9, 2022. This dividend represents the twenty-seventh (27^th) dividend and (17^th) seventeenth 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).

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: 38,751,747

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

PDF available: http://ml.globenewswire.com/Resource/Download/4815526e-c449-47c8-b0e2-7b276a1feec9

FAQ

What is the dividend amount for Dynacor Gold Mines Inc. in June 2022?

The dividend amount is C$0.0083 per common share.

When will the dividend for DNGDF be paid?

The dividend will be paid on June 17, 2022.

What are the record dates for Dynacor's June 2022 dividend?

The record date for the dividend is June 9, 2022.

How often does Dynacor pay dividends?

Dynacor has been making monthly dividend payments, with 17 monthly payments already made.

Is Dynacor's dividend considered an eligible dividend for tax purposes?

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