DYNACOR GROUP INC - DNGDF STOCK NEWS

Dynacor Group reported Q3-2022 financial results with sales of $46.0 million and net income of $0.8 million ($0.02 per share), down from $61.9 million and $3.5 million ($0.09 per share) in Q3-2021. This reflects a 23.3% decrease in gold ounces sold due to lower ore grades and market gold prices. However, ore processed increased by 3.1% to 37,410 tonnes. The gross operating margin fell to $4.5 million (9.8% of sales). Dynacor continues to maintain a strong cash position of $31.0 million.

Dynacor Group Inc. (DNGDF) announced a monthly dividend of C$0.0083 per common share, payable on November 17, 2022, to shareholders of record by November 9, 2022. This represents the 32nd dividend and 22nd monthly payment to shareholders. The dividend qualifies as an eligible dividend for Canadian tax purposes. The Board of Directors will determine future dividend payments based on financial results and other relevant factors. Dynacor operates as an industrial gold ore processor in Peru and has plans to expand its processing operations.

Dynacor Group Inc. reported third-quarter gold sales of US$46.0 million, down US$15.9 million from last year. September sales were US$14.4 million, reflecting a drop from US$25.8 million in September 2021. Average gold prices fell to US$1,666 per ounce, a 5.7% decrease year-on-year. Despite lower sales, cumulative sales for the first nine months of 2022 increased to US$150.0 million, up 3.0% from 2021. The company remains on track to achieve its 2022 sales forecast of US$200 - $220 million.

Dynacor Group Inc. (DNGDF) has announced a monthly dividend payment of C$0.0083 per common share, payable on October 19, 2022, to shareholders of record by October 10, 2022. This marks the 31st dividend declaration and the 21st monthly payment made to shareholders. The dividend qualifies as an 'eligible dividend' for Canadian tax purposes. The Board's discretion will determine future dividend payments based on financial performance and cash requirements. Dynacor is engaged in gold production from the ASM sector in Peru and focuses on environmentally responsible practices.

MONTREAL, Sept. 21, 2022 - Dynacor Group reported gold sales of US$17.3 million in August 2022, a 13.9% decline from US$20.1 million in August 2021. The average selling price of gold was US$1,749 per oz, down from US$1,770 last year. Cumulative sales for 2022 reached US$135.6 million, marking a 13.2% increase year-over-year. The corporation projects 2022 sales between US$200 million and US$220 million.

Dynacor Group Inc. (TSX: DNG) announced a monthly dividend of C$0.0083 per share, payable on September 19, 2022, to shareholders on record as of September 9, 2022. This marks the 30th dividend and 20th monthly payment to shareholders. The qualified dividend is subject to the Board's discretion based on the company's financial performance and cash needs. Dynacor operates as an industrial gold ore processor in Peru, focusing on environmentally and socially responsible gold production.

Dynacor Group Inc. reported gold sales of US$14.3 million in July 2022, reflecting a 10.6% decrease from US$16.0 million in July 2021. The average selling price of gold fell to US$1,738 per oz, down from US$1,796. Cumulative sales for 2022 reached US$118.3 million, an increase of 18.7% compared to US$99.7 million in the same period last year. The company forecasts sales between US$200 million and US$220 million for the year based on average gold prices.

Dynacor Group reported strong quarterly financial results for Q2 2022, with gold sales reaching US$53.9 million, a 25.9% increase from US$42.8 million in Q2 2021. The company achieved a net income of US$2.6 million or US$0.07 per share, up 18.2% from US$2.2 million or US$0.06 per share year-over-year. With a solid cash position of US$33.2 million and an ongoing dividend yield of 3.2%, Dynacor remains well-positioned for future growth.

Dynacor Group Inc. reported Q2-2022 sales of $53.9 million, a 25.9% increase from Q2-2021's $42.8 million, with net income rising 18.2% to $2.6 million (US$0.07 per share). The growth stemmed from increased tonnage processed at the Chala plant, which achieved a 17.9% increase. However, profits were impacted by declining gold market prices, leading to a decrease in gross operating margin to 11.7% of sales. Cash on hand reached $33.2 million, an increase from the previous year. The corporation maintains a stable outlook for 2022, projecting sales between $200-220 million.