DYNACOR GROUP INC - DNGDF STOCK NEWS

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.

Dynacor Gold Mines Inc. (DNGDF) has revised its 2021 sales and earnings guidance, now projecting total sales between US$185 million to US$190 million, marking a 23-27% increase from previous estimates. Net income is anticipated to be US$9.0 million to US$9.5 million (US$0.23 to US$0.25 EPS), reflecting a 30-38% increase from earlier guidance. For the first time, Dynacor expects to produce over 100,000 gold equivalent ounces in 2021. The forecast assumes an average gold price of US$1785 per ounce.

On September 14, 2021, Dynacor Gold Mines Inc. reported record monthly sales of US$20.1 million for August 2021, marking a 25.6% increase from July and a remarkable 136.5% growth year-over-year. This milestone is attributed to continuous operations at the full 430 TPD capacity of the Veta Dorada plant amid favorable gold prices averaging US$1,770 per ounce. The company anticipates exceeding its early 2021 financial guidance, with revised forecasts to be announced in the week of September 20, 2021.

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.

Dynacor Gold Mines Inc. reported US$16.0 million in sales for July 2021, with a record production of 10,383 AuEq ounces. This success stems from the purchase and processing of over 12,000 tonnes of gold ore, driven by a favorable gold market and recent plant expansions to 430 TPD. The average gold price per ounce was US$1,796. Dynacor updated its financial guidance, expecting sales of US$150 million and a net income of US$6.9 million for the year, exceeding previous forecasts.

Dynacor Gold Mines reported record quarterly sales of $42.8 million for Q2-2021, with a net income of $2.2 million (US$0.06 per share), outperforming Q2-2020 sales of $8.0 million and a net loss of ($0.7 million). The company achieved a gross operating margin of $6.5 million (15.2% of sales) and processed a historical high of 30,374 tonnes of ore. A significant plant expansion allowed for increased throughput, enabling Dynacor to maintain a strong cash position of $13.4 million as of June 30, 2021. Furthermore, the company anticipates surpassing its annual financial guidance.

Dynacor gold mines inc. (DNGDF) announced that its Veta Dorada gold ore processing plant has reached total production capacity of 430 TPD. The mill has successfully operated at this full capacity for the past four weeks, with previous ramp-up commencing in mid-June at 400 TPD. Dynacor expects this capacity to be maintained through the year due to strong demand. The plant, located in southern Peru, operates a traditional CIP process and has been in commission since 2016. Financial results for the second quarter of 2021 are scheduled for release on August 16, 2021.

Dynacor Gold Mines announced a monthly dividend of C$0.0067 per common share payable on August 17, 2021. Shareholders on record as of August 9, 2021 will receive this payment. This marks the seventeenth dividend and the seventh monthly payment to investors. The dividend qualifies as an 'eligible dividend' for Canadian tax purposes and reflects the Board's discretion based on financial results and future prospects. Dynacor operates mainly in Peru, focusing on environmentally responsible gold production.

Dynacor gold mines inc. announces that Peruvian authorities have released two gold bars valued at approximately US$2.9 million (C$3.7 million), which accounts for over 60% of the gold under administrative review since late 2019. The process, delayed due to Covid-19, does not involve Dynacor as a target, focusing instead on five artisanal and small-scale miners. The company expects favorable results for the remaining 40% of the shipment. Additionally, Dynacor will release its second-quarter 2021 financial results on August 16, 2021.