Dynacor Declares October 2021 Monthly Dividend

Rhea-AI Summary

Dynacor Gold Mines announces a monthly dividend of C$0.0067 per common share, payable on October 18, 2021 to shareholders recorded by the close of business on October 8, 2021. This marks the 19th dividend and the 9th monthly payment made to shareholders. The dividend qualifies as an "eligible dividend" for Canadian income tax purposes. Dynacor, engaged in gold production through processing ore from artisanal mining, operates primarily in Peru and is focused on expanding its operations.

Positive

• Monthly dividend of C$0.0067 enhances shareholder income.
• 19th dividend announced, demonstrating ongoing financial commitment.
• Eligible dividend under Canadian tax, providing potential tax benefits to investors.

Negative

• None.

MONTREAL, Sept. 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 October 18, 2021, to shareholders of record as of the close of business on October 8, 2021. This dividend represents the nineteenth (19^th) dividend and ninth 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

A PDF is available at http://ml.globenewswire.com/Resource/Download/6e5c1979-1c21-40ee-8c75-6d4c5a443a28

FAQ

What is the dividend amount for Dynacor Gold Mines for October 2021?

Dynacor Gold Mines declared a dividend of C$0.0067 per common share for October 2021.

When will the dividend be paid to Dynacor shareholders?

The dividend will be payable on October 18, 2021.

What is the record date for Dynacor's October 2021 dividend?

The record date for Dynacor's October 2021 dividend is October 8, 2021.