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Dynacor Gold Mines
(TSX:DNG)
Dynacor Gold Mines (DNG) vs. S&P 500 (SPY)
Dynacor Gold Mines Business Overview & Revenue Model
Dynacor Gold Mines Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 276.90M | 250.19M | 197.55M | 195.91M | 101.53M | 102.50M | Gross Profit |
| 37.22M | 30.20M | 24.43M | 27.06M | 13.61M | 12.97M | EBIT |
| 28.01M | 22.10M | 18.14M | 21.21M | 9.52M | 8.32M | EBITDA |
| 32.67M | 26.61M | 21.53M | 23.80M | 11.65M | 10.89M | Net Income Common Stockholders |
| 18.73M | 15.07M | 12.01M | 11.78M | 4.33M | 5.19M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 13.93M | 22.48M | 25.41M | 26.91M | 11.87M | 6.74M | Total Assets |
| 66.35M | 111.78M | 96.90M | 91.36M | 76.30M | 74.81M | Total Debt |
| 747.69K | 635.69K | 701.23K | 343.97K | 706.75K | 4.33M | Net Debt |
| -13.18M | -21.28M | -24.71M | -26.57M | -11.16M | -2.41M | Total Liabilities |
| 9.46M | 22.19M | 16.62M | 19.35M | 13.55M | 14.86M | Stockholders Equity |
| 56.89M | 89.59M | 80.28M | 72.01M | 62.74M | 59.95M |
| Cash Flow | Free Cash Flow | ||||
| 18.58M | 3.04M | 2.57M | 18.42M | 10.34M | -7.36M | Operating Cash Flow |
| 23.05M | 9.61M | 6.23M | 21.87M | 11.22M | -5.88M | Investing Cash Flow |
| -4.34M | -6.45M | -3.51M | -3.21M | -769.83K | -1.41M | Financing Cash Flow |
| -9.77M | -6.28M | -4.22M | -3.41M | -5.33M | 76.02K |
Dynacor Gold Mines Technical Analysis
Dynacor Gold Mines Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | C$3.04B | 19.63 | 26.82% | ― | 77.93% | 236.93% | |
78 Outperform | C$2.65B | 19.53 | 27.15% | ― | 67.54% | ― | |
73 Outperform | C$8.87B | ― | -9.94% | 3.75% | 22.47% | -791.36% | |
71 Outperform | $195.85M | 7.33 | 17.88% | 3.17% | 15.40% | 18.06% | |
47 Neutral | $2.49B | -2.97 | -22.93% | 3.49% | 4.06% | -27.72% |
Dynacor Gold Mines Corporate Events
Dynacor Group Inc. is urging its shareholders to vote using the GOLD Proxy against the expansion of the board and the election of dissident shareholder Robert Leitz’s nominee. The company emphasizes the importance of maintaining its current board structure, which has been endorsed by independent advisory firms ISS and Glass Lewis, to protect shareholder value and ensure continued strategic oversight. The dissident’s actions are seen as disruptive, with his nominee lacking the necessary experience and trust of the current board.
Spark’s Take on TSE:DNG Stock
According to Spark, TipRanks’ AI Analyst, TSE:DNG is a Neutral.
Dynacor Gold Mines shows strong financial performance and attractive valuation, driven by robust revenue growth and minimal leverage. Despite these strengths, technical indicators reflect a bearish trend, potentially limiting short-term stock appreciation. Significant corporate events like strategic expansions highlight growth potential, but the shareholder dispute introduces some risk.
To see Spark’s full report on TSE:DNG stock, click here.
Dynacor Gold Mines has filed management materials urging shareholders to vote against actions by dissident shareholder iolite Capital, which seeks to elect an unqualified individual to the board. The company highlights its record financial performance in 2024, including increased sales and net income, and warns that the dissident’s actions are costly and disruptive. Dynacor emphasizes the importance of maintaining a skilled and experienced board to continue its successful growth trajectory and protect shareholder interests.
Dynacor Group Inc. has entered into a non-binding letter of intent to acquire a processing plant and assets in Ecuador from Pelorus Minerals Limited for $9.75 million. This acquisition aligns with Dynacor’s strategic plan to enhance its global operational capacity and achieve significant production and sales goals by 2030. The company estimates a total project cost of $25 million over the next 12 months, including refurbishing and working capital, and expects initial production within a year of closing the transaction.
Dynacor Group Inc. has declared a monthly dividend of C$0.01333 per common share for April 2025, marking its 61st dividend overall. The dividend, payable on April 17, 2025, reflects the company’s ongoing commitment to shareholder returns and is classified as an ‘eligible dividend’ for Canadian tax purposes. This announcement underscores Dynacor’s stable financial performance and strategic focus on responsible gold production, which benefits both the company and the artisanal mining communities it supports.
Dynacor Group Inc. reported record financial results for 2024, with a significant increase in sales, EBITDA, and net income. The company processed a record amount of ore and maintained a strong financial position, while advancing its international expansion plans. Dynacor’s efforts in environmental governance and community support were also highlighted, and the company was recognized as a top-performing stock on the TSX. Looking ahead to 2025, Dynacor has already generated substantial sales and completed a public offering, with plans to further increase production and capital expenditures.
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.
Dynacor Group Inc. has announced its 2025 outlook, projecting a 27% increase in sales compared to 2024. The company plans significant investments in its operations, including upgrades at its Veta Dorada plant in Peru and the construction of a pilot plant in Senegal. This marks the first year of a growth plan aimed at tripling sales by 2030, with stable production and increased revenue. The company’s strategy also includes ongoing dividend payments and milestones in Africa, such as an environmental impact study.
Dynacor Group Inc. has announced its March 2025 dividend payment of C$0.01333 per common share, marking its sixtieth overall and fiftieth monthly dividend. This decision reflects the company’s commitment to returning value to shareholders while considering its financial results and future prospects. The dividend is classified as an ‘eligible dividend’ for Canadian tax purposes, and its continuation is subject to the board’s discretion based on various financial factors.
Dynacor Group Inc. reported unaudited gold sales of $28.7 million for January 2025, marking its second-highest monthly sales and a 6.7% increase compared to January 2024. The rise in sales is attributed to a significant increase in the selling price of gold, which averaged $2,737 per ounce, despite a decline in volume processed at the Veta Dorada plant. The company plans to release its 2025 financial guidance by the end of February and its 2024 annual financial results in March.
Dynacor Group Inc. has announced its strategic expansion plans in West Africa and Latin America as part of its goal to produce 500,000 AuEq ounces and achieve $1 billion in sales by 2030. The company plans to open new processing plants in Senegal, Côte d’Ivoire, Ghana, and Latin America. Dynacor has secured financial backing and strengthened its leadership team to support this growth, with new appointments aimed at enhancing expertise in these regions. The expansion involves substantial groundwork, including engagements with government bodies and artisanal miners, and the start of environmental impact studies. The company has also raised approximately $22 million to fund its expansion, signaling a robust strategy to scale its operations.
Dynacor Group Inc. has successfully closed a public offering, raising C$31.6 million through the issuance of 5.75 million common shares. The funds will primarily support the construction of a new pilot processing plant and business expansion in Sénégal, as well as preparatory work for additional processing plants in Africa and opportunities in Latin America. This financing highlights strong investor confidence in Dynacor’s strategic growth plans and operations. Insiders participated in the offering, but the transactions are within regulatory exemptions, and the company plans to enhance shareholder value through the strategic deployment of the raised capital.
Dynacor Group Inc. has announced the filing of a prospectus supplement for its public offering of up to 5,000,000 common shares at C$5.50 per share, aiming to raise C$27.5 million. The proceeds will primarily fund a new pilot processing plant in Sénégal, preparatory work for additional plants in Africa, other opportunities in Latin America, and general corporate needs, reflecting the company’s strategic expansion plans.
Dynacor Group Inc. has announced an increase in its public offering, raising it to up to C$27.5 million through the sale of 5,000,000 common shares. The funds will primarily finance the construction of a new ore processing plant in Sénégal and support other processing plant projects in Africa and Latin America, as well as general corporate purposes. This expansion is expected to enhance Dynacor’s operational capacity and market position in the gold processing industry.
Dynacor Group Inc. has received a formal request from iolite Partners Ltd., a significant shareholder, to call a special meeting of shareholders to consider Robert Leitz’s candidacy for the Board of Directors. The request highlights a disagreement with Dynacor’s recent public offering, although the Board maintains that the offering is beneficial for the company’s expansion efforts. The company is considering the request and will communicate its decision in due course, while continuing to focus on its strategic objectives and stakeholder value.
Dynacor Group Inc. has announced a public offering to raise approximately C$20 million through the sale of common shares, with Canaccord Genuity Corp. acting as the sole agent. The proceeds from this offering will primarily fund the construction of a new ore processing plant in Sénégal, support preparatory work for additional plants in Africa, and explore opportunities in Latin America. This strategic move aims to leverage Dynacor’s expertise in artisanal gold ore processing, facilitating its expansion into new markets and reinforcing its growth prospects.
Dynacor Group Inc. announced its February 2025 dividend of C$0.01333 per common share, payable on February 18, 2025, marking its forty-ninth monthly dividend. The dividend is eligible for Canadian income tax purposes, and its continuation depends on various financial and operational factors. The announcement underscores Dynacor’s consistent dividend strategy and its emphasis on financial health, reflecting its strong position in the gold processing industry and commitment to community investment.
Dynacor Group Inc. reported record annual sales of $284.4 million for 2024, marking a 13.7% increase from the previous year, driven by a significant rise in sales price despite a decrease in sales volume due to lower ore grade. The company achieved top-end guidance with December sales reaching $30.2 million, reflecting a 48.8% increase from December 2023, attributed to both higher gold prices and increased sales volume.