Dynacor Group Inc Stock Price, News & Analysis

Dynacor Gold Mines Inc. (TSX: DNG) announced a monthly dividend of C$0.0083 per common share, payable on May 19, 2022, to shareholders of record as of May 9, 2022. This marks the twenty-sixth dividend and sixteenth consecutive monthly payment for shareholders. The dividend is classified as an eligible dividend for Canadian tax purposes. Future payments will depend on the Corporation's financial results and other relevant factors.

Dynacor is engaged in gold production in Peru and focuses on environmentally and socially responsible practices.

Dynacor Gold Mines reported impressive sales of US$18.7 million for March 2022, marking a 45.0% year-over-year increase and a 12.0% month-over-month growth. The Veta Dorada plant operated at full capacity, achieving a production rate of 430 tpd. The average gold selling price rose to US$1,935/oz compared to US$1,725/oz in March 2021. Q1 sales totaled US$50.1 million, up 22.5% from the previous year. The company projects annual sales between US$200-$220 million, indicating potential growth of 4% to 14%.

Dynacor Gold Mines reported record production and financial performance for the year ended December 31, 2021. The company achieved a historic high of 106,862 AuEq ounces produced, leading to total sales of $196 million, a 93% increase from 2020. Net income stood at $11.8 million, with earnings per share of $0.30. The corporation also maintained a robust cash position of $27.1 million and increased dividends paid significantly. The outlook for 2022 estimates sales between $200-220 million.

Dynacor Gold Mines has declared a monthly dividend of C$0.0083 per common share, payable on April 19, 2022, to shareholders on record as of April 8, 2022. This marks the 25th dividend payment and the 15th consecutive month of dividends. The dividend qualifies as an 'eligible dividend' for Canadian tax purposes, with future payments subject to the Board's discretion based on financial performance and cash needs. Dynacor processes gold ore from artisanal miners in Peru, promoting socially responsible practices through its PX IMPACT® gold program.

Dynacor Gold Mines reported February gold sales of US$16.7 million, a remarkable 40.3% increase from February 2021. Month-over-month, sales rose by 13.6%. Year-to-date sales reached US$31.4 million, marking a 12.1% increase compared to the same period last year. The average selling price of gold increased from US$1,785 in February 2021 to US$1,884 in February 2022. The company anticipates sales guidance between US$200 million and US$220 million for 2022, maintaining a dividend of 10 cents per share.

Dynacor Gold Mines reported February 2022 sales of US$16.7 million (C$21.2 million), marking a 40.3% increase compared to February 2021. This also reflects a 13.6% month-over-month increase. The average selling price of gold rose to US$1,884/oz from US$1,785/oz in the same month last year. Cumulative sales for two months in 2022 reached US$31.4 million, a 12.1% increase year-over-year. The company aims for 2022 sales between US$200 million and US$220 million.

Dynacor Gold Mines announced a monthly dividend of C$0.0083 per common share, payable on March 17, 2022, to shareholders registered by March 9, 2022. This marks the 24th dividend and 14th consecutive monthly payment. The dividend is categorized as an eligible dividend for Canadian tax purposes. The sustainability of future dividends will rely on the company’s financial performance and cash requirements.

Dynacor Gold Mines forecasts strong growth for 2022, projecting total sales between US$200 - $220 million, a rise of 8-16% from 2021. The company expects a net income of US$11-$13 million (US$0.28-$0.33 EPS), an increase of 22-37%. With an operating cash flow forecast of US$14 - $16 million, Dynacor's capital budget of US$5 - $8 million will support expansion and sustainability initiatives, including a diamond drilling program at Tumipampa.

Dynacor Gold Mines Inc. has announced its 2022 financial guidance, projecting total sales between US$200 million and US$220 million, reflecting an 8-16% growth from 2021. The company expects net income of US$11-$13 million (US$0.28-$0.33 EPS), representing a 22-37% increase. Cash flow from operations is anticipated to be US$14-$16 million. The capital budget is set at US$5-$8 million, focusing on sustainable investments and capacity expansions. Dynacor operates primarily in Peru and emphasizes socially responsible gold production.