Dynacor Reports Sales of US$17.6 Million (C$22.2 Million) for April 2022, a 39.7% Increase Compared to 2021
18 Mai 2022 - 3:21PM
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$17.6 million (unaudited) (C$22.2 million) (1) for April 2022, a
39.7% increase over 2021 and a 5.9% month-over-month decrease from
the previous month sales.
During April, the Veta Dorada plant continued
working at its full 430 tpd production capacity.
The average selling price of gold per ounce in
April was US$1,915/oz compared to US$1,764/oz in April 2021.
The 2022 cumulative sales at the end of April
amount to US$67.7 million compared to US$53.5 million for the same
period in 2021, a 26.5% increase.
For 2022, the Corporation forecasted sales in
the range of US$200 - $220 million based on US$1,810 per ounce
average gold price.
(1) US$ sales are converted into CA$
using the average monthly exchange rate for the concerned month or
months
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: 38,751,747
Website: http://www.dynacor.com Twitter:
http://twitter.com/DynacorGold
PDF
available: http://ml.globenewswire.com/Resource/Download/d2ad9d4c-30f0-451b-af1f-586e1951cfed
CONTACT: For more information, please contact:
Director, Shareholder Relations
Dale Nejmeldeen
Dynacor Gold Mines Inc.
T: 514-393-9000 #230
E: investors@dynacor.com
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