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Dynacor Group Reports Record Sales of $30.8 Million for June 2025 and Record Cumulative Sales of $159.7 Million
Globenewswire·2025-07-17 11:30

Core Viewpoint - Dynacor Group Inc. reported record gold sales of $30.8 million in June 2025 and $79.7 million for the quarter, reflecting significant growth compared to previous periods [1][8]. Monthly Highlights - Gold sales in June 2025 reached $30.8 million (C$42.2 million), a 64.7% increase from $18.7 million (C$25.6 million) in June 2024, driven by a 50.8% rise in selling price and a 13.9% increase in volume [8]. - The average selling price of gold in June 2025 was $3,348 per ounce, up 44.7% from $2,313 per ounce in June 2024 [8]. Year To Date Highlights - Cumulative gold sales for the year reached $159.7 million by the end of June 2025, an 18.2% increase from $135.1 million in the same period of 2024 [9]. - The average selling price of gold in 2025 was $3,074 per ounce, a 40.0% increase from $2,196 per ounce in 2024 [9]. - The company anticipates a stronger second half of the year and is on track to meet its annual sales guidance of $345 to $375 million [9]. Company Overview - Dynacor Group is an industrial ore processing company focused on gold production from artisanal miners, established in 1996 [7]. - 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 [7]. - Dynacor emphasizes a responsible mineral supply chain with strict traceability and audit standards, benefiting both governments and miners [7].