MONTREAL–(BUSINESS WIRE)–Dynacor Group Inc. (TSX-DNG) (Dynacor or the “Firm”), a global industrial gold ore firm serving ASMs (artisanal and small-scale miners), right now introduced that it has recorded unaudited gold gross sales of US$16.6 million (US$23.2 million). Canadian {dollars}) (1) in November 2024, in comparison with US$24.4 million (C$33.4 million) in November 2023. The Veta Dorada plant processed 14,000 tonnes of ore in November 2024, or a median of 466 t/d.
Attributable to highway blockages in southern Peru, the Firm determined to postpone to December the 2 exports deliberate for the final week of November, price roughly 10 million US {dollars}.
In November, the typical promoting value of gold was US$2,643 per ounce, in comparison with US$1,983 per ounce in November 2023. The typical promoting value of gold was barely decrease than that of October 2024 (-US$55 per ounce or -2.0%).
Cumulative gross sales for 2024 as of the tip of November stand at US$254.3 million, in comparison with US$229.9 million for a similar interval in 2023, a rise of 10.6%. The typical promoting value of gold on the finish of November 2024 was US$2,348 per ounce, in comparison with US$1,929 per ounce in 2023.
The Firm introduced 2024 gross sales steering of between US$265 million and US$285 million, utilizing a market gold value of between US$2,000 and US$2,050 per ounce. The Firm has already exceeded its complete income for the yr 2023 and is on monitor to attain this steering.
(1) Gross sales are transformed on the month-to-month common change fee
ABOUT DYNACOR
Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The Firm is engaged within the manufacturing of gold via the processing of ore bought from the ASM (artisanal and small-scale mining) trade. At present, Dynacor operates in Peru, the place its administration and processing groups have a long time of expertise working with ASM miners. It additionally owns a gold exploration property (Tumipampa) within the Apurimac division.
The corporate intends to increase its processing operations in different jurisdictions as effectively.
Dynacor produces environmentally and socially accountable gold via its PX IMPACT ® gold program. A rising variety of solidarity firms within the luxurious high quality jewellery, watchmaking and funding sectors pay a small premium to our consumer and strategic associate for this PX IMPACT ® gold. The bounty gives direct funding to develop well being and schooling initiatives for our artisanal and small-scale mining communities.
Dynacor is listed on the Toronto Inventory Alternate (DNG) and is a part of the TSX30 program. The TSX30 is the flagship program rewarding the 30 best-performing firms on the Toronto Inventory Alternate (TSX).
FORWARD-LOOKING INFORMATION
Sure statements contained within the foregoing could represent forward-looking statements, which contain recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of Dynacor, or the outcomes of the trade, are materially totally different from any future outcomes. efficiency or achievement expressed or implied by these forward-looking statements. These statements replicate administration’s present expectations concerning future occasions and working efficiency as of the date of this press launch.
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