Dynacor Gold Mines ( (TSE:DNG) ) has provided an update.
Dynacor Group reported a significant increase in gold sales for February 2025, reaching $22.5 million, an 11.9% rise compared to the previous year. This growth was driven by a substantial increase in the selling price of gold, despite a decline in sales volume. The Veta Dorada plant operated at full capacity, processing nearly 13,500 tonnes of ore. Cumulative gold sales for the year reached $51.2 million, marking an 8.9% increase from the same period in 2024. The rise in sales highlights Dynacor’s strong market positioning and its ability to capitalize on higher gold prices, benefiting stakeholders and supporting its expansion plans.
More about Dynacor Gold Mines
Dynacor Group is an industrial ore processing company focused on producing gold sourced from artisanal miners. Established in 1996, the company has pioneered a responsible mineral supply chain with stringent traceability and audit standards. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru, with plans to expand to West Africa and within Latin America. The company is known for its PX Impact® gold, which supports health and education projects for artisanal mining communities in Peru.
YTD Price Performance: -6.09%
Average Trading Volume: 4,124
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $158.5M
See more data about DNG stock on TipRanks’ Stock Analysis page.