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Dynacor: Strong Fourth Quarter Caps Record Financial Performance and Expanded Growth Pipeline in 2025
Globenewswire· 2026-03-26 11:30
Core Insights - Dynacor Group Inc. reported a transformational year in 2025, achieving record financial results and operational milestones, including the strategic acquisition of the Svetlana plant in Ecuador, which is expected to enhance long-term stakeholder value [2][5][10]. Financial Performance - Total sales for 2025 reached $397.6 million, a 39.8% increase from 2024, driven by a strong average realized gold price of $3,497 per ounce [5][25]. - Operating cash flows before changes in working capital were $25.4 million, up from $21.0 million in 2024, with EBITDA increasing to $33.0 million from $29.5 million [5][21]. - Net income for 2025 was $21.3 million, compared to $16.9 million in 2024, resulting in a diluted EPS of $0.50 [5][21]. Production and Operations - The company produced 113,791 gold-equivalent ounces in 2025, exceeding revised annual guidance [5][6]. - In Q4-2025, production was 32,838 AuEq ounces, a 20% increase compared to Q4-2024, with record operational performance [6][20]. - The average processing rate was 455 tonnes per day for the year, with a total of 165,898 tonnes processed [16][20]. Strategic Initiatives - The acquisition of the Svetlana plant was financed with $22.1 million in Q1-2025, and integration efforts are underway, with first ore expected in Q4-2026 [5][10]. - The pilot plant in Senegal is progressing, with first ore expected in Q2-2026 [8][9]. - Monthly dividends were increased to CA$0.16 per share, reflecting a 14.3% increase from 2024 [5][10]. 2026 Outlook - For 2026, Dynacor projects sales between $530 million and $580 million, with production guidance of 125,000 to 135,000 AuEq ounces [10][11]. - Capital expenditures are planned at approximately $6-8 million for Peru, $4-5 million for Senegal, and $22-25 million for Ecuador [10][18]. - The company aims to maintain strict capital expenditure controls while optimizing operations to maximize margins and cash generation [7][10]. Balance Sheet and Liquidity - As of December 31, 2025, Dynacor's working capital was $81.9 million, including $33.4 million in cash [29][32]. - Total assets increased to $181.5 million from $125.3 million in 2024, primarily due to cash from share issuance and higher inventory levels [32][33]. Safety and Management - The company reported a 23% improvement in lost-time injury frequency rates, emphasizing a strong safety performance [5][10]. - The leadership team has been strengthened in Canada to enhance operational excellence and support business expansion [5][10].
Dynacor Group Announces April 2026 Dividend
Globenewswire· 2026-03-24 11:30
Core Viewpoint - Dynacor Group Inc. has announced a monthly dividend of C$0.01333 per common share, amounting to C$0.16 annually, payable on April 17, 2026, to shareholders of record as of April 9, 2026 [1]. Group 1: Dividend Announcement - The Board of Directors has approved a monthly dividend for April 2026 [1]. - The dividend qualifies as an "eligible dividend" for Canadian income tax purposes [2]. - Future dividend payments and increases will depend on the Corporation's financial results and other relevant factors [2]. Group 2: Company Overview - Dynacor Group is an ore processing company focused on producing gold from artisanal miners, established in 1996 [3]. - The company has developed a responsible mineral supply chain with strict traceability and audit standards [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]. Group 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 Provides Expansion Update Including Steady Progress in Senegal and Ecuador
Globenewswire· 2026-03-11 11:30
Core Viewpoint - Dynacor Group Inc. is progressing on construction and upgrade activities at its Senegal and Ecuador plants, with both plants expected to process first ore in 2026 [1] Group 1: Senegal Operations - Site work and shipments in Senegal are on schedule for first ore processing in Q2-2026 [5] - Deliveries of modular plant components, including the Merrill Crowe circuit, jaw crusher, leaching tanks, offices, and laboratory, have been made, with all remaining equipment either in Dakar or in transit [5] - Community initiatives in Senegal include a partnership with a local technical school to create internship opportunities, road upgrades, and donations of school supplies [5] Group 2: Ecuador Operations - Integration of the Svetlana plant in Ecuador is ongoing, with the Engineering, Procurement and Construction Management (EPCM) contract awarded for tailing pond upgrades [5] - Recruitment of key personnel for the subsidiary named Sumacor-EC has begun, with initial operational hires already on site [5] - Dynacor is committed to responsible milling by repurposing on-site waste through authorized recycling companies and supporting local communities with employment and training initiatives [5] Group 3: Ghana Operations - Discussions with Ghana's GoldBod regarding Dynacor's operational proposal are advancing, with optimism for a long-term agreement that benefits all stakeholders [4][5] Group 4: Corporate Overview - Dynacor Group is dedicated to producing gold from artisanal miners and has established a responsible mineral supply chain since its inception in 1996 [6] - The company operates the Veta Dorada plant and owns a gold exploration property in Peru, while expanding its operations in West Africa and Latin America [7]
Dynacor Provides Expansion Update Including Steady Progress in Senegal and Ecuador
Globenewswire· 2026-03-11 11:30
MONTREAL, March 11, 2026 (GLOBE NEWSWIRE) -- Dynacor Group Inc. (TSX: DNG) ("Dynacor" or the "Corporation") is pleased to provide a progress update on construction and upgrade activities at its Senegal and Ecuador plants. Both plants are on track to process first ore in 2026. Expansion Update Senegal – Site work and shipments continue on schedule for first ore in Q2-2026.Ecuador – Integration continues with major plant contracts awarded. First ore in Q4-2026.Ghana – Discussions with Ghana’s GoldBod are adva ...
Dynacor Group Announces March 2026 Dividend
Globenewswire· 2026-02-24 17:24
Dividend Announcement - Dynacor Group Inc. has announced a monthly dividend of C$0.01333 per common share, equating to C$0.16 annually, payable on March 17, 2026, to shareholders of record as of March 9, 2026 [1] Dividend Qualification - The monthly dividend qualifies as an "eligible dividend" for Canadian income tax purposes, with 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 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, which invests in health and education projects for artisanal mining communities in Peru [4]
Dynacor Group Announces February 2026 Dividend
Globenewswire· 2026-01-27 12:30
Core Viewpoint - Dynacor Group Inc. has announced a monthly dividend of C$0.01333 per common share for February 2026, reflecting the company's commitment to returning value to shareholders [1][2]. Group 1: Dividend Announcement - The Board of Directors approved a monthly dividend of C$0.01333 per common share, amounting to C$0.16 annually, payable on February 17, 2026, to shareholders of record as of February 9, 2026 [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]. Group 2: Company Overview - Dynacor Group is an industrial ore processing company focused on producing gold from artisanal miners, established in 1996 [3]. - The company has developed a responsible mineral supply chain with strict traceability and audit standards, benefiting both governments and miners globally [3]. - Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru, with plans for expansion into West Africa and Latin America [3]. Group 3: Social Responsibility - The premium paid by luxury jewellers 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 Announces February 2026 Dividend
Globenewswire· 2026-01-27 12:30
Core Viewpoint - Dynacor Group Inc. has announced a monthly dividend of C$0.01333 per common share, amounting to C$0.16 annually, payable on February 17, 2026, to shareholders of record as of February 9, 2026 [1]. Group 1: Dividend Announcement - The Board of Directors approved a monthly dividend of C$0.01333 per common share for February 2026 [1]. - The dividend payment qualifies as an "eligible dividend" for Canadian income tax purposes [2]. - Future dividend payments and increases will depend on the Corporation's financial results and other relevant factors [2]. Group 2: Company Overview - Dynacor Group is an industrial ore processing company focused on producing gold from artisanal miners [3]. - The company has established a responsible mineral supply chain with strict traceability and audit standards [3]. - Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru, with plans to expand into West Africa and Latin America [3]. Group 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 Beats 2025 Sales and Production Guidance and Provides 2026 Outlook
Globenewswire· 2026-01-19 12:30
Core Insights - Dynacor Group Inc. reported strong preliminary operating results for Q4 and full-year 2025, with gold-equivalent production reaching 32,838 ounces in Q4-2025, contributing to record sales of $397.6 million for the year [2][7]. Q4 & Full-Year 2025 Highlights - The company exceeded its revised annual production guidance, achieving a total gold-equivalent production of 113,791 ounces for the year [7]. - The average price realized for gold sold was $3,494 per ounce [7]. - Q4-2025 production marked a 20% increase compared to Q4-2024, indicating improved operational efficiencies [7]. - Dynacor acquired the Svetlana plant in Ecuador, with initial production expected in Q4-2026, and advanced the Senegal pilot plant towards operational readiness [7]. 2026 Guidance - Sales are projected to be between $530 million and $580 million [5]. - Production is expected to range from 125,000 to 135,000 AuEq ounces, incorporating contributions from new plants in Senegal and Ecuador [6]. - Net income is forecasted to be between $22 million and $26 million [5]. - Capital expenditures are planned as follows: $6-8 million for sustaining capex in Peru, $4-5 million for Senegal, and $22-25 million for Ecuador [5]. Capital Expenditures - Sustaining capital expenditures in Peru are estimated at approximately $7 million, primarily for upgrading facilities [14]. - Capital investment in Ecuador includes $7 million deferred from 2025, focusing on the Svetlana plant upgrades [14]. - Senegal's capital expenditure will cover costs related to the pilot plant and mobile fleet acquisition [14]. Strategic Outlook - 2026 is positioned as a pivotal year for Dynacor, focusing on unlocking the potential of its diversification strategy through capital investments and increased capacity [3]. - The company aims to combine operational excellence with an ambitious expansion plan to enhance shareholder value [3].
Dynacor Group Announces January 2026 Dividend
Globenewswire· 2025-12-23 12:30
MONTREAL, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Dynacor Group Inc. (TSX: DNG) ("Dynacor" or the "Corporation") announced today that its Board of Directors has approved a monthly dividend of C$0.01333 per common share (C$0.16 annually) for January 2026. This will be payable on January 20, 2026, to shareholders of record as of the close of business on January 12, 2026. The maintenance of the dividend at its same current nominal level marks the beginning of Dynacor’s eighth consecutive year of dividend payouts to ...
Dynacor Group Announces January 2026 Dividend
Globenewswire· 2025-12-23 12:30
Core Viewpoint - Dynacor Group Inc. has announced a monthly dividend of C$0.01333 per common share for January 2026, marking the start of its eighth consecutive year of dividend payouts to shareholders [1][2]. Dividend Information - The approved monthly dividend translates to an annual dividend of C$0.16, payable on January 20, 2026, to shareholders of record as of January 12, 2026 [1]. - Since Q3-2018, Dynacor has declared a total of C$0.68 per share in dividends [2]. Tax and Financial Considerations - The monthly dividend qualifies as an "eligible dividend" for Canadian income tax purposes [3]. - Future payments and increases in dividends will depend on the Corporation's financial results, cash requirements, and other relevant factors as determined by the Board [3]. Company Overview - Dynacor Group is an industrial ore processing company focused on producing gold sourced from artisanal miners, with a commitment to responsible mineral supply chains [4]. - The company operates the Veta Dorada plant and owns a gold exploration property in Peru, while also expanding into West Africa and Latin America [4]. 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 [5].