InvestmentPitch Media Video Discusses Dynacor Gold Mines’ Reported Unaudited Gold Sales of US$19.5 Million for May 2022, an Increase of 24.2% over US$15.7 Million in May 2021
VANCOUVER, British Columbia, June 16, 2022 (GLOBE NEWSWIRE) -- Montreal-based Dynacor Gold Mines (TSX:DNG), a dividend-paying industrial gold ore processor, has reported its unaudited monthly gold sales for the month of May. Gold sales for May 2022 came in at US
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The average selling price for gold in May was US
The company is forecasting gold sales guidance for 2022 in the range of US
Dynacor processes the ore it purchases from artisanal miners at its Veta Dorada processing plant which is strategically located fifteen minutes off the Pan American Highway near Chala in southern Peru. In mid-2021, Dynacor completed the expansion of its Veta Dorada plant which is now running at its full 430 tpd production capacity.
At present, Dynacor operates in Peru, where its management and processing teams have decades of experience working with artisanal and small-scale miners. It also owns a gold exploration property in the Apurimac department in Peru. Dynacor intends to expand its processing operations in other jurisdictions as well.
Dynacor, a founding partner in the PX IMPACT® gold program, produces environmental and socially responsible gold. A growing number of supportive firms from the fine luxury jewelry, watchmakers and investment sectors pay a small premium for this gold which provides direct investment to develop health and education projects for the artisanal and small-scale miner’s communities.
The shares are currently trading at
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