DYNACOR GROUP INC - DNGDF STOCK NEWS

Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) announced the renewal of its normal course issuer bid (NCIB) program, allowing for the purchase of up to 3,111,165 common shares, or about 10% of the public float. The repurchases will occur over 12 months starting May 3, 2021. The company aims to enhance shareholder value through this initiative, utilizing existing cash balances for share buybacks. Under the previous NCIB, 287,915 shares were repurchased at an average price of $1.975 per share.

Dynacor Gold Mines Inc. (TSX: DNG) has declared its fourth monthly dividend of C$0.005 per common share, payable on May 17, 2021, to shareholders recorded by May 7, 2021. This marks the fourteenth dividend and reinforces the company’s commitment to shareholder returns. The dividend is categorized as an ‘eligible dividend’ under Canadian tax laws. Dynacor specializes in gold production from artisanal mining in Peru and aims to expand operations. The dividend payments depend on the corporation’s financial health, cash needs, and overall prospects.

Dynacor Gold Mines Inc. reported a strong first quarter of 2021, achieving sales of US$40.9 million (C$51.8 million), a 32.4% increase from US$30.9 million (C$41.3 million) in Q1 2020. March 2021 sales reached US$12.9 million (C$16.2 million), up 43.3%, with an average gold price of US$1,725 per oz. The Veta-Dorada plant processed a record 29,327 tonnes of ore, marking a 28.1% growth. Dynacor anticipates exceeding its 2021 sales guidance of US$150 million.

Dynacor Gold Mines announces the appointment of Rocio Rodriguez-Perrot to its Board of Directors, effective immediately. Ms. Rodriguez-Perrot brings extensive experience in international market negotiations and legal guidance, particularly within Peru. Her role at Rossello Attorney at Law and her previous position as a French Foreign Trade Advisor enhance Dynacor's strategic capabilities. This appointment is expected to strengthen the corporation's interests in the artisanal and small-scale mining sector, particularly in Peru.

Dynacor Gold Mines reported its 2020 annual consolidated financial results, marking the company's 10th consecutive profitable year. Despite a decline in net income to $4.3 million from $5.2 million in 2019, EBITDA rose by 9.3% to $11.7 million. Total sales remained stable at $101.5 million. Ore inventory levels exceeded 8,000 tonnes, ensuring operational continuity despite pandemic disruptions. The company increased dividends by 50% and introduced a monthly dividend policy. Cash on hand improved to $11.9 million, enhancing liquidity.

Dynacor Gold Mines Inc. reported robust financial results for February 2021, achieving US$11.9 million in sales, a remarkable 105% increase from US$5.8 million in February 2020. The corporation's ore purchases rose by 69.3% year-over-year to over 11,248 tonnes.

Year-to-date sales total US$28 million, indicating strong momentum to meet the 2021 sales guidance of US$150 million. The average gold selling price was US$1,785 per ounce, highlighting a solid start for the year.

Dynacor Gold Mines Inc. (DNGDF) has announced its second monthly dividend of C$0.005 per common share, payable on March 17, 2021, to shareholders of record as of March 8, 2021. This marks the twelfth dividend and reaffirms Dynacor's commitment to returning value to shareholders. The dividend qualifies as an 'eligible dividend' for Canadian tax purposes. Dynacor operates in Peru, focusing on environmentally responsible gold production and is expanding its processing operations in new jurisdictions. The company emphasizes sustainability through community investment via its PX IMPACT® gold program.

Dynacor Gold Mines Inc. reported US$16.1 million in sales for January 2021, marking a 39.2% year-over-year increase in gold ore purchases, totaling 9,931 tonnes. The sales reflect a 16.7% month-over-month growth from December 2020 due to processing a record volume of gold ore and favorable market conditions, with an average selling price of US$1,847 per ounce. The Veta Dorada plant achieved its best throughput at 340 tpd. Dynacor continues to operate in Peru and aims to expand its processing capabilities.

Dynacor Gold Mines Inc. announced its financial and capital expenditure guidance for 2021, forecasting total sales of US$150 million (C$191 million) and net income of US$6.9 million (EPS of US$0.18). The company anticipates a significant 47% year-over-year increase in gold and silver sales. With a capital budget of US$6.3 million, Dynacor plans to enhance milling capacity at its Veta Dorada plant and initiate a diamond drilling program at Tumipampa. The guidance is based on an average gold price of US$1850 per ounce.