Core Viewpoint - Dynacor Group Inc. reported significant growth in gold sales for May 2025, with a year-to-date increase in sales compared to the previous year, driven by higher gold prices despite a decrease in sales volume due to planned maintenance [1][6][7]. Monthly Highlights - Gold sales in May 2025 reached $26.1 million (C$36.2 million), a 10.1% increase from $23.7 million (C$32.4 million) in May 2024 [6]. - The average selling price of gold in May 2025 was $3,293 per ounce, reflecting a 40.7% increase from $2,340 per ounce in May 2024 [6]. Year To Date Highlights - Cumulative gold sales for the year-to-date reached $128.9 million, up from $116.4 million in the same period of 2024, marking a 10.7% increase [7]. - The average selling price of gold for 2025 so far is $3,015 per ounce, a 38.4% increase from $2,178 per ounce in 2024 [7]. - The company is on track to meet its annual sales guidance of between $345 million and $375 million [7]. About Dynacor - Dynacor Group is an industrial ore processing company focused on gold production from artisanal miners, established in 1996 [4]. - The company operates the Veta Dorada plant and owns a gold exploration property in Peru, with plans for expansion into West Africa and Latin America [4]. Additional Information - The premium paid for Dynacor's PX Impact® gold supports the Fidamar Foundation, which invests in health and education projects for artisanal mining communities in Peru [5].
Dynacor Group Reports Sales of US$26.1 Million in May 2025
Globenewswire·2025-06-19 11:30