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Dynacor reports that February 2022 sales were US $ 16.7 million (C $ 21.2 million), an increase of 40.3% compared to 2021.

Montreal, March 16, 2022 (GLOBE NEWSWIRE) — Dynacor Gold Mines Inc. (TSX-DNG) (Dynacor or “Corporation”) announced its sale today. US $ 16.7 million (unaudited) ($ 21.2 million) (1) In February 2022, it was an increase of 40.3% compared to 2021. The company also saw a 13.6% month-on-month increase in sales from last month.

Throughout February, the Veta Dorada plant continued to operate at full capacity of 430tpd.

The average selling price of gold per ounce in February was $ 1,884 / ounce compared to $ 1,785 / ounce in February 2021.

Cumulative sales over the past two months were $ 31.4 million in 2022, up 12.1% from $ 28 million in 2021.

The company recently released 2022 sales guidance in the range of $ 200 million to $ 220 million, based on an average gold price per ounce of $ 1,810.

Financial results for the end of 2021 and the fourth quarter:

Dynacor will announce its financial results for the end of 2021 and the fourth quarter on Thursday, March 31, 2022, before the market opens.

(1) US $ sales are converted to CA $ using the average monthly exchange rate for the month.

About Dynacall

Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The company is engaged in the production of gold through the processing of ores purchased from the ASM (craftsman and small mining) industry. Currently, Dynacor operates in Peru and its management and processing team has decades of experience with ASM miners. It also owns a gold exploration facility (Tumipampa) in the Apurimac division.

The company plans to expand its processing operations in other jurisdictions.

Dynacor produces environmentally and socially responsible gold through the PXIMPACT® Gold Program. More and more backers from luxury jewelery, watchmakers and investment departments are paying small premiums to their PXIMPACT® Gold customers and strategic partners. Premium provides direct investment in developing health and education projects for our craftsman and small miner community.

Dynacor is listed on the Toronto Stock Exchange (DNG).

Looking to the future information

The specific statements above may cause known and unknown risks, uncertainties, and other statements that may significantly differ from Dynacor’s actual results, performance, or outcomes, or industry results from future results. It may constitute a forward-looking statement, including factors. Achievements or achievements expressed or implied by such forward-looking statements. These statements reflect management’s current expectations of future events and results as of the date of this news release.

Number of issued shares: 38,532,566

Website: http://www.dynacor.com
twitter: http://twitter.com/DynacorGold

Available PDFs: http://ml.globenewswire.com/Resource/Download/cb6f6553-66ed-490d-aad4-b49efac8fc09


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Dynacor reports that February 2022 sales were US $ 16.7 million (C $ 21.2 million), an increase of 40.3% compared to 2021.

Source link Dynacor reports that February 2022 sales were US $ 16.7 million (C $ 21.2 million), an increase of 40.3% compared to 2021.

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