Dynacor reports August 2022 sales of $17.3 million (CAD $22.4 million).
MONTREAL, September 21, 2022 (GLOBE NEWSWIRE) — Dynacor Group Inc. (TSX-DNG) (Dynacor or “Inc.”), An international gold mining industry company serving ASMs (artisan and small-scale miners), today announced gold sales of US$17.3 million (unaudited) (CAD$22.4 million). (1) August 2022 is down US$2.8 million or 13.9% from last year, compared to US$20.1 million (CAD$25.3 million) in August 2021.
The average selling price for gold in August 2022 was US$1,749 per ounce, compared with US$1,770 per ounce last year.
Cumulative sales at the end of August 2022 were $135.6 million, up 13.2% from $119.8 million for the same period in 2021. The annual average selling price of gold at the end of August 2022 was US$1,839 per ounce compared to US$1,798 per ounce in 2021.
Sales in 2022 are projected to be in the range of $200 million to $220 million.
(1) Sales converted at average monthly exchange rate
about Dynacol
Dynacor is a dividend-paying industrial gold processor headquartered in Montreal, Canada. The company is engaged in the production of gold through the processing of ore purchased from the ASM (Artisan Small Scale Mining) industry. Dynacor now operates in Peru and its management and processing team has decades of experience with his ASM miners. It also owns a gold prospecting 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 PX IMPACT® Gold program. A growing number of fine jewelry, watchmakers and investment sector backers pay a small premium to our customers and strategic partners for his PXIMPACT® Gold. The premium provides direct investment to develop health and education projects for artisanal and small-scale miner communities.
Dynacor is listed on the Toronto Stock Exchange (DNG).
positively information
Certain statements set forth above involve known and unknown risks, uncertainties and other factors that could cause Dynacor’s actual results, performance, achievements or industry results to differ materially from future results. may constitute forward-looking statements, including performance or achievements expressed or implied by such forward-looking statements; These statements reflect management’s current expectations regarding future events and performance as of the date of this news release.
Shares Outstanding: 38,718,942
Website: http://www.dynacor.com
twitter: http://twitter.com/DynacorGold
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Dynacor reports August 2022 sales of $17.3 million (CAD $22.4 million).
Source link Dynacor reports August 2022 sales of $17.3 million (CAD $22.4 million).
