Dynacor Declares November 2021 Monthly Dividend

Rhea-AI Summary

Dynacor Gold Mines has declared a monthly dividend of C$0.0067 per common share, payable on November 18, 2021. This marks the twentieth dividend and the tenth monthly payment to shareholders. Only shareholders of record as of November 9, 2021 are eligible. The dividend qualifies as an 'eligible dividend' for Canadian tax purposes. The decision on future dividend payments will hinge on the corporation's financial standing and cash requirements.

Positive

• Monthly dividend of C$0.0067 enhances shareholder returns.
• Dynacor has consistently paid dividends, reinforcing investor confidence.

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• None.

MONTREAL, Nov. 02, 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 November 18, 2021, to shareholders of record as of the close of business on November 9, 2021. This dividend represents the twentieth (20^th) dividend and tenth 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: 38,939,517

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

PDF available: http://ml.globenewswire.com/Resource/Download/213584cf-f3ad-4607-a3f7-91c7fea79fff

FAQ

What is the dividend amount declared by Dynacor Gold Mines?

Dynacor has declared a monthly dividend of C$0.0067 per common share.

When will Dynacor Gold Mines pay its dividend?

The dividend will be payable on November 18, 2021.

Who is eligible to receive the dividend from Dynacor?

Shareholders of record as of November 9, 2021, are eligible to receive the dividend.

Does this dividend qualify for Canadian income tax benefits?

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

How many dividends has Dynacor paid?

This is the twentieth dividend and the tenth monthly payment made to shareholders.