Dynacor Group Reports Sales of US$26.1 Million in May 2025
MONTREAL, June 19, 2025 (GLOBE NEWSWIRE) -- Dynacor Group Inc. (TSX-DNG) ('Dynacor' or the "Corporation"), today announced unaudited gold sales of $26.1 million in May and year-to-date sales of $128.9 million. All figures are in US dollars unless otherwise indicated.
Monthly Highlights
Gold sales reached $26.1 million (C$36.2 million1) in May 2025, compared to $23.7 million (C$32.4 million) in May 2024.
The increase in sales of $2.4 million or +10.1% versus May 2024 results from an increase in the sales price (+32.1%) partially offset by a decrease in volume (-21.9%) that in part results from planned plant maintenance.
In May, the selling price of gold averaged $3,293 per ounce, compared to $2,340 per ounce, a 40.7% increase over May 2024.Year To Date Highlights
Cumulative gold sales reached $128.9 million at the end of May 2025, compared to $116.4 million for the same period of 2024, a $12.5 million increase or +10.7%.
In 2025, the selling price of gold averaged $3,015 per ounce, compared to $2,178 per ounce in 2024, a 38.4% increase.
The Corporation is on target to meet its annual sales guidance of between $345 and $375 million.
About Dynacor
Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on fully and part-formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The Corporation plans to expand to West Africa and within Latin America.
The premium paid by luxury jewellers for Dynacor's PX Impact® gold goes to Fidamar Foundation, an NGO that mainly invests in health and education projects for artisanal mining communities in Peru. Visit www.dynacor.com for more information.
Forward-Looking Information
Certain statements in the preceding may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management's current expectations regarding future events and operating performance as of the date of this news release.
Contact:
For more information, please contact:
Ruth HannaDirector, Investor Relations T: 514-393-9000 #236E: investors@dynacor.comWebsite: https://dynacor.com
Renmark Financial Communications Inc.Bettina FilipponeT: (416) 644-2020 or (212) 812-7680E: bfilippone@renmarkfinancial.comWebsite: www.renmarkfinancial.com
1 Sales are converted using the average monthly exchange rate.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/17992bed-172c-439f-8a22-645bad09bc98
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