Core Viewpoint - Dynacor Group Inc. reported solid operational results for Q3-2025, achieving record quarterly EBITDA and strong sales driven by higher gold prices despite initial ore supply disruptions [2][5]. Q3-2025 Highlights - The company processed 39,479 tonnes of ore at an average of 429 tonnes per day, with production of 28,948 AuEq ounces, consistent with historical levels [5][7]. - Record sales reached $100.5 million, a 32% increase from $76.2 million in Q3-2024, attributed to higher gold prices [5][15]. - Gross margin was $11.7 million (11.7% of sales), compared to $10.3 million (13.6% of sales) in Q3-2024 [5][15]. - Record EBITDA of $9.0 million was reported, slightly up from $8.9 million in Q3-2024 [5][15]. - Net income was $5.5 million, down from $5.9 million in Q3-2024 [5][15]. 2025 Outlook - The company confirmed its revised guidance for 2025, expecting sales between $340-$350 million and net income between $14-$17 million [5][6]. - Production is projected to be between 105,000-110,000 AuEq ounces for the year [5][6]. Operational Developments - The acquisition of the Svetlana processing plant in Ecuador for $9.75 million was completed, with plans to upgrade its capacity to 300 tonnes per day [5][20]. - Construction of a 50-tpd pilot plant in Senegal is on schedule, with first ore processing expected in late Q1-2026 [5][20]. - The company continues to focus on shareholder returns, maintaining a monthly dividend of CA$0.16 per share [5][6]. Financial Overview - Total assets increased to $166.6 million as of September 30, 2025, up from $125.3 million at the end of 2024 [18][21]. - Cash at the end of the period was $36.9 million, compared to $19.8 million at the end of 2024 [20][21]. - The company recorded a net cash used in operating activities of $6.3 million for Q3-2025 [14][16]. Market Conditions - The average gold price rose from approximately $3,300/oz in August to $3,700/oz in September, positively impacting financial performance [15][10]. - Year-to-date, the gold price increased from approximately $2,700/oz in January to $3,700/oz in September, contributing to record sales [15][10]. Community Engagement - The company conducted a community participation session in September to inform the Svetlana host community about its environmental management plan [5][20]. Summary of Financial Performance - General and administrative expenses increased to $3.5 million in Q3-2025, primarily due to management expansion and reorganization costs [15][10]. - The effective tax rate is influenced by fluctuations in the Peruvian sol against the US dollar, affecting current and deferred tax liabilities [15][10].

Core Insights - Dynacor Group Inc. is expanding its operations in West Africa and Latin America, aiming to generate over US$1 billion in sales by 2030, representing a more than 250% increase from 2024 sales [1] Recent Progress - **Senegal**: Construction of a 50-tpd pilot plant is on schedule, with initial shipments expected mid-November and ongoing site works including access road and plant area clearing [2] - **Ecuador**: Integration of the subsidiary is progressing in three areas: corporate structure, operational refurbishment, and stakeholder engagement. Key actions include changing the company name, avoiding Foreign Exchange Outflow Tax, and community engagement regarding environmental management [2] - **Ghana**: Formal proposals are being prepared to classify Dynacor's operations correctly within the legal and fiscal framework of the country [2] Company Overview - Dynacor Group is an industrial ore processing company focused on producing gold from artisanal miners, established in 1996. The company emphasizes a responsible mineral supply chain with strict traceability and audit standards [5]

Core Points - Dynacor Group Inc. announced a monthly dividend payment of C$0.01333 per common share for November 2025, marking the sixty-eighth dividend and fifty-eighth 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 expansion plans in West Africa and Latin America [3] - Dynacor emphasizes 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]

Core Points - Dynacor Group Inc. announced a monthly dividend payment of C$0.01333 per common share for November 2025, payable on November 19, 2025, to shareholders of record as of November 11, 2025, marking the sixty-eighth dividend and fifty-eighth monthly payment made to shareholders [1][2] - The monthly dividend qualifies as an "eligible dividend" for Canadian income tax purposes, with future payments and increases at the discretion of the Board based on financial results and other relevant factors [2] Company Overview - Dynacor Group is an industrial ore processing company focused on producing gold sourced from artisanal miners, established in 1996, and has developed a responsible mineral supply chain with strict traceability and audit standards [3] - 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 [3] Social Responsibility - The premium paid by luxury jewellers for Dynacor's PX Impact® gold is directed to the Fidamar Foundation, an NGO that invests in health and education projects for artisanal mining communities in Peru [4]

Core Points - Dynacor Group Inc. announced a monthly dividend payment of C$0.01333 per common share for October 2025, payable on October 16, 2025, to shareholders of record as of October 9, 2025 [1] - This dividend marks the sixty-seventh dividend and fifty-seventh monthly dividend payment made to shareholders [1] - The monthly dividend qualifies as an "eligible dividend" for Canadian income tax purposes [2] Company Overview - Dynacor Group is an industrial ore processing company focused on producing gold sourced from artisanal miners, established in 1996 [3] - The company has developed a responsible mineral supply chain with strict traceability and audit standards for the artisanal mining industry [3] - Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru, with expansion plans in West Africa and Latin America [3] Social Responsibility - The premium paid by luxury jewellers for Dynacor's PX Impact® gold is directed to the Fidamar Foundation, an NGO that invests in health and education projects for artisanal mining communities in Peru [4]

Core Viewpoint - Dynacor Group Inc. is progressing on its expansion plans in West Africa and Latin America, with a focus on operational efficiency and achieving significant sales growth by 2030 [1][5]. Operational Update - After the lifting of road blockades in mid-July, ore supply to the mill has resumed, and operations are now running at full capacity [2]. - Optimization projects initiated by Dynacor's new teams are enhancing mill efficiency and productivity, including reduced reagent consumption and improved management processes [3]. Expansion Update - The company is on track to generate over US$1 billion in sales by 2030 [5]. - In Senegal, construction of a pilot plant is progressing, with site mobilization underway and construction of access roads and tailings ponds scheduled to begin post-rainy season [6]. - In Ecuador, Dynacor is defining its corporate structure and planning upgrades for the Svetlana processing plant, including stakeholder engagement for an Environmental Impact Assessment [6]. - Discussions with the Ghanaian government regarding the business plan are ongoing, and monitoring of the mining code revision in Côte d'Ivoire continues [6]. About Dynacor - Dynacor Group is an industrial ore processing company focused on producing gold from artisanal miners, emphasizing a responsible mineral supply chain [7]. - The company operates the Veta Dorada plant in Peru and aims to expand its operations in West Africa and Latin America [7]. Additional Information - The premium paid for Dynacor's PX Impact® gold supports health and education projects for artisanal mining communities in Peru [8].

Core Points - Dynacor Group Inc. announced a monthly dividend payment of C$0.01333 per common share for September 2025, marking the sixty-sixth dividend and fifty-sixth 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]

Core Viewpoint - Dynacor Group Inc. announced its unaudited financial and operational results for Q2 2025, highlighting key milestones in its international expansion plan aimed at achieving $1 billion in sales by 2030, despite facing challenges in ore supply during the quarter [1][2]. Financial Performance - Q2 2025 sales reached $79.7 million, marking a 18.4% increase from $67.4 million in Q2 2024 [11]. - EBITDA for the quarter was $5.7 million, with net income reported at $3.5 million [7][11]. - The gross operating margin for Q2 2025 was $7.1 million, representing 9.0% of sales, down from 14.8% in Q2 2024 [18]. - For the first half of 2025, total sales amounted to $159.7 million, compared to $135.2 million in the same period of 2024 [18]. Operational Highlights - The company processed 38,152 tonnes of ore in Q2 2025, averaging 419 tonnes per day, which was lower than the historical standard due to a government-mandated curfew on artisanal miners [10][12]. - Production of AuEq ounces in Q2 2025 was 24,955, down from 28,364 in Q2 2024 [10]. - The company has solid liquidity with $58.4 million in cash and short-term investments as of June 30, 2025, compared to $25.8 million at the end of 2024 [7][20]. International Expansion - Dynacor is advancing its international expansion with significant developments in Senegal, Ghana, and Ecuador [2][7]. - In Senegal, the company is constructing a 50-tonne per day pilot plant and has placed orders for key equipment [7]. - A Memorandum of Understanding (MOU) was signed with a partner in Ghana for a joint venture [7]. - The acquisition of the Svetlana processing plant in Ecuador was completed for $9.75 million, funded by proceeds from common share issuance [7][8]. Updated Guidance - The company updated its 2025 sales guidance to $340-$350 million, down from the initial range of $345-$375 million, due to ore supply disruptions [5][6]. - Production guidance for 2025 was also revised to 105,000-110,000 AuEq ounces, down from 120,000-130,000 ounces [8]. Capital Expenditures - Capital expenditures for 2025 are projected at $12 million for Peru and Senegal, and $17 million for Ecuador, which includes the acquisition of the Svetlana plant [8][23].

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]

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].