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. reports recurring operating updates as an international industrial gold ore processor focused on purchasing ore from artisanal and small-scale miners and processing it at the Veta Dorada plant in southern Peru. Company news commonly covers gold production, ore tonnage, sales, EBITDA, net income, cash flow, dividend actions, guidance, and the effect of ore supply, grades, costs, and gold prices on results.
Dynacor updates also reference its 100%-owned Tumipampa gold exploration property in Peru’s Apurimac department, processing-growth initiatives in other jurisdictions, and its role as a founding partner in the PX IMPACT® gold program for environmental and socially responsible gold tied to artisanal mining communities.
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.
Dynacor Gold Mines Inc. reported record sales in Q4 2020 of US$38.6 million and full year sales of US$101.5 million, attributed to high gold market prices. The company also achieved its highest quarterly purchases of 34,110 tonnes of ASM gold ore. Gold production exceeded guidance, with 22,263 eq Au ounces produced in Q4, totaling 51,369 eq Au ounces for the year. The company’s operations have fully resumed post-COVID-19 disruptions, adhering to health protocols. Year-end audited financials are set for release on March 31, 2021.
Dynacor Gold Mines Inc. (DNGDF) announced it is changing its dividend payment frequency from quarterly to monthly, starting February 2021. The first monthly dividend payment of CA $0.005 per share will be made on February 17, 2021, to shareholders recorded by February 8, 2021. This marks the company's eleventh dividend and first monthly distribution, reflecting its strong balance sheet and cash flow. CEO Jean Martineau emphasized that this policy change aims to enhance shareholder value.