Welcome to our dedicated page for DYNACOR GROUP news (Ticker: DNGDF), a resource for investors and traders seeking the latest updates and insights on DYNACOR GROUP stock.
Dynacor Group Inc (DNGDF) is a leading resource company specializing in sustainable gold production. With a focus on responsible mining practices, Dynacor operates in Peru, where it has established a strong presence in the gold industry. The company's core business involves processing ore to produce gold, which is then sold to various markets worldwide. Dynacor prides itself on its commitment to environmental protection and community engagement, ensuring that its operations benefit both the local population and global investors.
Dynacor Gold Mines Inc. reported strong financial results for the first half of 2021, achieving sales of US$83.6 million (C$104.1 million). June sales stood at US$14.5 million (C$17.7 million), with an average gold price of US$1,815 per oz. The second quarter's sales of US$42.7 million represent the company's best quarter for the year, keeping it on track to exceed its 2021 sales guidance of US$150 million. Dynacor plans to publish its second-quarter financial results on August 16, 2021.
Dynacor Gold Mines Inc. (DNGDF) held its AGM on June 17, 2021, with 48.27% of shares represented. Key outcomes included the election of directors, re-appointment of Raymond Chabot Grant Thornton as auditors, and amendments to the Stock Option Plan and Deferred Share Units Plan. Directors elected include Phillipe Chave and Jean Martineau. The company also announced the advisory committee appointment of Eddy Canova, enhancing its operational capabilities in ASM gold processing. Dynacor remains committed to expanding its processing operations and promoting responsible gold production.
Dynacor Gold Mines announced a monthly dividend of C$0.0067 per share, payable on July 16, 2021, to shareholders of record as of July 8, 2021. This marks the sixteenth dividend payment and sixth monthly distribution. The dividend qualifies as an 'eligible dividend' for Canadian income tax purposes, emphasizing the company's commitment to returning value to shareholders.
Dynacor, engaged in environmentally responsible gold processing in Peru, is expanding its operations and focuses on developing community support through its PX IMPACT® gold program.
Dynacor Gold Mines announced the successful completion of its expansion at the Veta Dorada plant, achieving a new milling rate of 400 tonnes per day (TPD), a 16% increase from May 2021. The facility is expected to reach 430 TPD in July, reflecting a minimum 25% increase. This completion was on schedule and within budget, positioning Dynacor to meet the growing demand in the artisanal and small-scale mining (ASM) sector. The company's commitment to socially responsible gold production is highlighted by the PX IMPACT® program, enhancing community health and education.
Dynacor Gold Mines reported sales of US$15.7 million in May 2021, marking a 26% month-over-month increase and a cumulative total of US$69.1 million for the year. The company is on track to exceed its 2021 financial guidance of US$150 million in sales. With its plant expansion nearing completion, Dynacor's processing capacity will increase to 430 tonnes per day, up from 345 TPD, amid rising ore supply. The average gold price in May was US$1873 per ounce.
Dynacor Gold Mines Inc. (DNGDF) announced a dividend of C$0.0067 per share, payable on June 17, 2021, to shareholders recorded by June 8, 2021. This marks the fifth monthly payment and a 33% increase from the previous C$0.005 dividend. The monthly dividend qualifies as an 'eligible dividend' for Canadian tax purposes. The Board's discretion determines future dividend payments based on financial performance and other relevant factors. Dynacor is engaged in gold production from artisanal mining and operates in Peru.
Dynacor Gold Mines Inc. has announced a 33% increase in its monthly dividend, raising it to C$0.0067 from C$0.0050, effective immediately. The annual dividend will now be C$0.08, up from C$0.06. This increase is a reflection of the company's solid cash flows and commitment to returning value to shareholders. Since the initiation of dividends in August 2018, the total dividend has risen by 100%. The monthly dividend qualifies as an eligible dividend for Canadian income tax purposes.
Dynacor Gold Mines reported a robust Q1-2021 with record sales of $40.9 million and a net income of $2.1 million ($0.05 per share), surpassing expectations. This marks a 32.4% increase in sales from Q1-2020, despite a slight downturn in gold market prices. The company processed a record 29,327 tonnes of ore, yielding 21,975 AuEq ounces, a 62.3% year-over-year increase. Additionally, Dynacor is investing $1.8 million to expand its Veta Dorada plant, enhancing production capacity by 25%. As of March 31, 2021, cash reserves stood at $17.2 million.
Dynacor Gold Mines Inc. reported total sales of US$12.5 million for April 2021, bringing cumulative sales for the year to US$53.4 million. This sales performance exceeds their guidance of US$150 million for 2021, with April's average gold price at US$1,764 per ounce. The company intends to publish its first-quarter financial results on May 17, 2021.
Dynacor, headquartered in Montreal, is recognized for its environmentally responsible gold production, sourcing ore from artisanal miners, and aims to expand its operations.
FAQ
What is the current stock price of DYNACOR GROUP (DNGDF)?
What is the market cap of DYNACOR GROUP (DNGDF)?
What is Dynacor Group Inc's primary focus?
Where does Dynacor operate?
What does Dynacor do with the gold it produces?
How does Dynacor ensure environmental protection?
What is Dynacor's approach to community engagement?
How does Dynacor contribute to the global mining industry?
What sets Dynacor apart from other resource companies?
What markets does Dynacor sell its gold to?
What is Dynacor's overall mission as a company?
How does Dynacor ensure the quality of its gold products?
