Dynacor Reports Sales of US$16.7 Million (C$21.2 Million) for February 2022, a 40.3% Increase Compared to 2021
16 Mars 2022 - 12:30PM
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$16.7 million (unaudited) (C$21.2 million) (1) for February 2022,
a 40.3% increase over 2021. The Corporation also saw a 13.6%
month-over-month increase from last month's sales.
During February, the Veta Dorada plant continued
working at its full 430 tpd production capacity.
The average selling price of gold per ounce in
February was US$1,884/oz compared to US$1,785/oz in February
2021.
Two months year to date cumulative sales amount
to US$31.4 million in 2022 compared to US$28.0 million in 2021, a
12.1% increase.
The Corporation recently announced its sales
guidance for 2022 in the range of US$200 - $220 million based on
US1,810 per ounce average gold price.
Year-end and fourth quarter 2021
financial results:
Dynacor will publish its year-end and fourth
quarter 2021 financial results news release on Thursday, March 31,
2022, before the market opens.
(1) US$ 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: 38,532,566
Website: http://www.dynacor.com Twitter:
http://twitter.com/DynacorGold
PDF
available: http://ml.globenewswire.com/Resource/Download/cb6f6553-66ed-490d-aad4-b49efac8fc09
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)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Dynacor (TSX:DNG)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024