-E-learning Market Size Report (465.47 Billion by 2028) is Driven by Growing Higher Education Sector – Comprehensive Analysis by The Insight Partners-Helbiz Incorporates ChatGPT, OpenAI Technology-Commercial National Financial Corporation Reports 4th Quarter 2022 Earnings-Midland identifie plusieurs projets prometteurs pour son important potentiel en lithium dans son vaste portefeuille de propriétés à la Baie-James-Resumen: DEUTZ AG: DEUTZ inicia una cooperación con Daimler Truck para desarrollar y comercializar motores para cargas medias y pesadas-DEUTZ AG: DEUTZ enters into cooperation with Daimler Truck to develop and market medium- and heavy-duty engines-Best's Market Segment Report: Clouds on the Horizon For 2023, But Trade Credit Insurers Are in a Good Place-Crédit Agricole Loire Haute-Loire : Communiqué financier 2022-Consumer Optimism Remains Strong Despite Economic Headwinds, Per 2022 Holiday Spending Report From ACI Worldwide-Philips sees some improvement in Q4 2022 and takes firm actions to address operational challenges in an uncertain environment-Alipay and AlipayHK Cross-Border Transactions Rebound During Chinese New Year as Travels Resume- EnCap and Double Eagle Announce Equity Upsize to $2.3 Billion in Commitments and Establishment of RBL Facility-Top 10 ciudades más caras para vivir del mundo-Online Shopping Market Share, Growth [2023] | Global Online Shopping Market Size is set to Develop at a Noteworthy Speed in the Forthcoming Years till 2028-Subscriber Data Management Market 2023 | Forecast Report, 2028 | Subscriber Data Management Market Size to see Promising Growth Ahead, Latest Research study | Detailed Analysis by 106 Pages Research-Sandboxing Market Size, Share | Research Report, 2023 | Sandboxing Market Might Set a Superb Growth Development by Forecast 2023-2028 | Latest Detailed Analysis by 106 Pages Research-Biodegradable Packaging Market Share, Growth [2023] | Biodegradable Packaging Market Size Changing Rapidly Because of Financial Development and Arising Valuable Opportunities by Forecast 2023-2028 | 113 Pages Research-Doll Market 2023 (New Report) Analysis By Advanced Technology, Market Size-Share, Industry Dynamic (Drivers, Trends, Challenges, Restraints), Market Contribution, Top Companies Strategy, and Consumption Trend till 2028-Plastic Pallets Market 2023: Growing Demand Analysis by Companies Strategy, Recent Developments, Business Segments, Product and Services, Industry Position, Revenue and Forecast till 2028 Research-Diaper Market Size & Forecast 2023-2028 By Global Industry Trends, Regional Overview, Share Estimation, Emerging Technologies, Majoe Key Players, Revenue Expectation, and Business Share | Industry Research Biz

InvestmentPitch Media Video Discusses Dynacor Group’s Reported Quarterly Net Income of US$2.6 Million or CDN$0.09 Per Share for the 2nd Quarter on Sales of US$53.9 Million

VANCOUVER, British Columbia, Aug. 16, 2022 (GLOBE NEWSWIRE) — Montreal-based Dynacor Group Inc (TSX:DNG), a dividend-paying industrial gold ore processor, released its unaudited condensed interim consolidated financials and MD&A for the second quarter ended June 30, 2022. Gold sales for the quarter ended June 30, 2022 came in at US$53.9 million an increase of 25.9% over the US$42.8 reported for the quarter ended June 30, 2021. The company also reported net income of US$2.6 million or US$0.07 per share for the quarter, an increase of 18.2% compared to net income of US$2.2 million or US$0.06 per share for the comparable quarter in 2021.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company. The video is available for viewing on “InvestmentPitch” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “Dynacor” in the search box.

Dynacor, an international gold ore industrial company, purchases ore from artisanal and small-scale miners which it processes at its Veta Dorada processing plant which is strategically located fifteen minutes off the Pan American Highway near Chala in southern Peru.

In mid-2021, Dynacor completed the expansion of its Veta Dorada plant which is now running at its full 430 tpd production capacity, resulting in the processing of 35,822 tonnes of ore (394 tpd average) for the recent quarter, an increase of 17.9% over the 30,374 tonnes processed (334 tpd average) in the second quarter of 2021. This increase in tonnes processed enabled the company to successfully increase gold sales overcoming the lower grades of ore processed and lower gold prices.

The company previously forecasted sales in the range of US$200 to 220 million representing growth of 4 to 14% over 2021 final production sales, which could result in a net income in the range of US$11 to 13 million or US$0.28 to 0.33 per share. With sales of US$104 million for the past 6 months, and considering the non-cash deferred tax recovery, the company is in line with its financial forecast.

The company pays a monthly dividend, which was increased by 25% at the beginning of 2022 to CDN$0.10 per share annually, representing a 3.2% dividend yield based on the share price at the beginning of the year. The company has a solid cash position with US$33.2 million on hand at the end of June.

The company owns 100% of the advanced stage Tumipampa gold exploration property in south central Peru’s Apurimac department. It also intends to expand its processing operations in other jurisdictions.

Dynacor, a founding partner in the PX IMPACT® gold program, produces environmental and socially responsible gold. A growing number of supportive firms from the fine luxury jewelry, watchmakers and investment sectors pay a small premium for this gold which provides direct investment to develop health and education projects for the artisanal and small-scale miner’s communities.

The shares are currently trading at $3.21, with 38.8 million shares outstanding, following the repurchase of 90,000 shares and the issuance of 322,000 shares as a result of the exercise of options.

For more information, please visit the company’s website www.dynacor.com, or contact the company at 514-393-9000 ext 230 or by email at investors@dynacor.com.


The information in this InvestmentPitch Media Ltd video is for the viewers information only. Dynacor Gold Mines has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

About InvestmentPitch Media

InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000’s of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.

Contact Data


InvestmentPitch Media

Barry Morgan, CFO


Leave a Comment