Dynacor Reports Sales of US$18.7 Million (C$23.7 Million) for March 2022, a 45.0% Increase Compared to March 2021 and First Quarter Sales of US$ 50.1 Million (C$63.5 Million)
21 April 2022 - 1:30PM
Dynacor Gold Mines Inc. (TSX-DNG) (Dynacor or the "Corporation"),
an international gold ore industrial corporation servicing ASMs
(artisanal and small-scale miners), today announces sales of
US$18.7 million (unaudited) (C$23.7 million) (1) for March 2022, a
45.0% increase over 2021 and a 12.0% month-over-month increase from
last month's sales.
During March the Veta Dorada plant continued
working at its full 430 tpd production capacity.
The average selling price of gold per ounce in
March was US$1,935/oz compared to US$1,725/oz in March 2021.
First quarter sales amounted to US$50.1 million
compared to US$ 40.9 million in Q1-2021, a 22.5% increase.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/b813a158-4e8f-4dc2-a259-cd73784a71f1
For 2022, the Corporation forecasted sales (2)
in the range of $200-220 million representing an expected growth of
4 to 14% over 2021 production sales.
(1) Sales in US$ are converted in CA$
using the average monthly conversion rates (2) Using
opening 2022 gold price
ABOUT
DYNACOR
Dynacor is a dividend-paying industrial gold ore
processor headquartered in Montreal, Canada. The corporation is
engaged in gold production through the processing of ore purchased
from the ASM (artisanal and small-scale mining) industry. At
present, Dynacor operates in Peru, where its management and
processing teams have decades of experience working with ASM
miners. It also owns a gold exploration property (Tumipampa) in the
Apurimac department.
The corporation intends to expand its processing
operations in other jurisdictions as well.
Dynacor produces environmental and socially
responsible gold through its PX IMPACT® gold program. A growing
number of supportive firms from the fine luxury jewelry,
watchmakers and investment sectors pay a small premium to our
customer and strategic partner for this PX IMPACT® gold. The
premium provides direct investment to develop health and education
projects for our artisanal and small-scale miner’s
communities.Dynacor is listed on the Toronto Stock Exchange
(DNG).
FORWARD-LOOKING
INFORMATION
Certain statements in the preceding may
constitute forward-looking statements, which involve known and
unknown risks, uncertainties and other factors that may cause the
actual results, performance, or achievements of Dynacor, or
industry results, to be materially different from any future
result, performance or achievement expressed or implied by such
forward-looking statements. These statements reflect management’s
current expectations regarding future events and operating
performance as of the date of this news release.
Shares Outstanding: 38 654 247
Website: http://www.dynacor.comTwitter:
http://twitter.com/DynacorGold
PDF
available: http://ml.globenewswire.com/Resource/Download/8301758f-fd79-4d6e-9afe-b51b9015859d
CONTACT: For more information, please contact:
Director, Shareholder Relations
Dale Nejmeldeen
Dynacor Gold Mines Inc.
T: 514-393-9000 #230
E: investors@dynacor.com
Dynacor (TSX:DNG)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Dynacor (TSX:DNG)
Historical Stock Chart
Von Apr 2023 bis Apr 2024