Dynacor Declares September 2021 Monthly Dividend

Rhea-AI Summary

Dynacor Gold Mines has declared a monthly dividend of C$0.0067 per common share, payable on September 17, 2021. Shareholders of record as of September 8, 2021 will be eligible for this payment, marking the eighteenth dividend and eighth monthly payment to shareholders. The dividend qualifies as an 'eligible dividend' under Canadian income tax laws. Future dividend payments will depend on the Corporation’s financial performance, cash needs, and relevant factors assessed by the Board.

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• Monthly dividend payment of C$0.0067 supports shareholder income.
• Eighteenth dividend payment indicates consistent financial health.

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• None.

MONTREAL, Aug. 25, 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 September 17, 2021, to shareholders of record as of the close of business on September 8, 2021. This dividend represents the eighteenth dividend and eighth 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). 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.

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/a559a4b0-7f35-4f47-b071-06aeb90ec120

FAQ

What is the dividend amount declared by Dynacor Gold Mines?

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

When will the dividend be paid?

The dividend will be paid on September 17, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is September 8, 2021.

Is the dividend from Dynacor Gold Mines an eligible dividend?

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

How many dividends has Dynacor Gold Mines paid?

Dynacor Gold Mines has paid a total of eighteen dividends to date.