DYNACOR GROUP INC - DNGDF STOCK NEWS

Dynacor Group Inc. reported gold sales of US$104.0 million for the first half of 2022, a 24.3% increase from US$83.6 million in 2021. June sales reached US$16.8 million, up from US$14.5 million in June 2021. Average gold prices rose to US$1,870 per oz, compared to US$1,805 in 2021. The company maintains its sales forecast for 2022 between US$200 - $220 million.

The second quarter financial results will be published on August 15, 2022.

On June 29, 2022, Dynacor Group Inc. (DNGDF) announced that shareholders approved a name change to reflect its evolution as an industrial gold ore processor. This decision aligns with its plans to expand operations in Peru and other regions. During the annual meeting on June 22, 2022, voting results highlighted significant support for the election of directors, with votes exceeding 99% for most nominees. Additionally, Raymond Chabot Grant Thornton was appointed as auditors, receiving 99.97% approval.

Dynacor Gold Mines Inc. has declared a monthly dividend of C$0.0083 per common share, set for payment on July 19, 2022, to shareholders on record as of July 8, 2022. This marks the 28th dividend distribution and the 18th consecutive monthly payment. The dividend qualifies as an eligible dividend for Canadian tax purposes. The company's ability to pay dividends is at the discretion of its Board, influenced by financial results, cash requirements, and other factors relevant to the Corporation.

Dynacor Gold Mines reported unaudited gold sales of US$19.5 million for May 2022, marking a 24.2% increase from US$15.7 million in May 2021 and a 10.8% month-over-month increase over April. The average selling price for gold in May was US$1,845 per ounce, compared to US$1,873 in May 2021. Cumulative gold sales reached US$87.2 million from January to May 2022, a 26.0% increase year-over-year. The company forecasts gold sales guidance for 2022 between US$200 and US$220 million.

Dynacor Gold Mines reported May 2022 sales of US$19.5 million, marking a 24.2% increase year-over-year and a 10.8% month-over-month rise. The company's Veta Dorada plant continued to operate at full capacity of 430 tpd. Cumulative sales for 2022 reached US$87.2 million, a 26.0% increase from the previous year. The forecasted sales for the year are between US$200 million and US$220 million, anticipating an average gold price of US$1,800 per ounce.

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.

Dynacor Gold Mines reported April 2022 sales of US$17.6 million, a 39.7% increase year-over-year but down 5.9% month-over-month. The company's Veta Dorada plant operated at full capacity of 430 tpd. Cumulative sales for 2022 reached US$67.7 million, up 26.5% compared to 2021. The average gold selling price rose to US$1,915/oz from US$1,764/oz the previous year. Dynacor projects 2022 sales between US$200 and US$220 million, based on an average gold price of US$1,810/oz.

Dynacor Gold Mines reported its Q1-2022 results with significant growth. Quarterly sales reached $50.1 million, up 22.5% from Q1-2021's $40.9 million. The net income skyrocketed to $5.1 million (US$0.13 per share), a notable rise from $2.1 million (US$0.05 per share) last year. This increase was driven by a 25.1% rise in ore processed and a favorable exchange rate impacting tax expenses. The company remains optimistic with a projected sales range of $200-220 million for 2022.