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Dynacor Group Declares August 2025 Dividend
GlobeNewswire News Room· 2025-07-24 15:32
Core Points - Dynacor Group Inc. announced a monthly dividend payment of C$0.01333 per common share for August 2025, marking the sixty-fifth dividend and fifty-fifth monthly payment to shareholders [1][2] - The dividend qualifies as an "eligible dividend" for Canadian income tax purposes, with future payments subject to the Board's discretion based on financial results and other relevant factors [2] Company Overview - Dynacor Group is an industrial ore processing company focused on producing gold from artisanal miners, established in 1996 [3] - The company operates the Veta Dorada plant and owns a gold exploration property in Peru, with plans to expand into West Africa and Latin America [3] - Dynacor promotes a responsible mineral supply chain with strict traceability and audit standards, benefiting both governments and miners [3] Social Responsibility - 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 [4]
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].
Dynacor Group Declares July 2025 Dividend
Globenewswire· 2025-06-26 11:30
Core Points - Dynacor Group Inc. announced a monthly dividend payment of C$0.01333 per common share for July 2025, marking the sixty-fourth dividend and fifty-fourth monthly payment to shareholders [1] - The dividend qualifies as an "eligible dividend" for Canadian income tax purposes, with future payments subject to the Board's discretion based on financial results and other relevant factors [2] Company Overview - Dynacor Group is an industrial ore processing company focused on producing gold from artisanal miners, established in 1996 [3] - The company operates the Veta Dorada plant and owns a gold exploration property in Peru, with plans to expand into West Africa and Latin America [3] - Dynacor promotes a responsible mineral supply chain with strict traceability and audit standards, benefiting both governments and miners [3] Social Responsibility - 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 [4]
Dynacor Inks Memorandum of Understanding with Ghanaian Partner
Globenewswire· 2025-06-03 11:30
Core Insights - Dynacor Group Inc. has signed a Memorandum of Understanding (MOU) with Ansong Askew Ltd. to establish a joint venture in Ghana's gold processing sector [1][2] - The collaboration aims to enhance the regulation of Ghana's artisanal mining sector and leverage Dynacor's expertise in processing artisanal gold ore [2][3] - The MOU outlines a 12-month period for both parties to explore technical and commercial integration, with Dynacor expected to hold a majority position in the future joint venture [4] Company Overview - Dynacor Group is an industrial ore processing company focused on producing gold from artisanal miners, with a commitment to responsible mineral supply chains [8] - The company operates the Veta Dorada plant and has plans for expansion into West Africa and Latin America [8] - Dynacor has been recognized for its stringent traceability and audit standards in the artisanal mining industry since its establishment in 1996 [8] Industry Context - The Ghana Gold Board is a new governmental entity responsible for regulating and managing the artisanal and small-scale gold sector in Ghana [3] - The partnership between Dynacor and Ansong Askew aims to formalize the artisanal mining sector in Ghana, enhancing its position in the global gold mining industry [5][7] - Ansong Askew Ltd. has been instrumental in bringing international focus to Ghana's small-scale gold mining sector since 2017, supporting policy development and stakeholder alignment [7]