Dynacor Group Inc T.DNG

Alternate Symbol(s): DNGDF

Metals & Mining Gold

Dynacor Group Inc. is a Canada-based industrial gold ore processor. The Company is engaged in gold production by processing ore purchased from the artisanal and small-scale mining (ASM) industry. The Company, including its subsidiary, produces gold and silver from ore purchased from local Peruvian miners, which is processed at its wholly owned processing plant in Chala, Peru. Its Anta property is a silver/gold/copper exploration project that is located in the heart of a regionally important epithermal gold-silver belt and host hydrothermal deposits in Peru, including the Orcopampa, Ares, Shila-Paula, Calloma, Arcata and Antapite mines. Its Tumipampa property is located approximately 60 kilometers' south of the city of Abancay in the Tumipampa region and about 500 km southeast of Lima. The Company also holds interests in mineral properties in Peru that are in the exploration stage. The Company produces gold through its PX IMPACT gold program.

TSX:DNG - Post by User

Dynacor Group Inc

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Post by retiredcfon Jan 26, 2022 8:49am

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Post# 34361495

Ink Research

Overview: Sentiment and Stocks

We continue with our look at what stock insiders are buying as investors sell stocks ahead of the Wednesday Federal Reserve policy statement. While the central bank is not expected to raise rates this afternoon, investors are nervous about how hawkish the monetary policymakers will turn. As we saw yesterday, insiders are buying resource stocks. Today, we look at buying in two gold miners.

We featured specialty gold miner Dynacor Gold Mines (DNG) here last May 6th. At the time, we noted that the firm had a distinct business model where the company purchases ore from local government-registered artisanal ore producers in Peru. The ore is processed at its wholly-owned Veta Dorada milling facility. On January 19th, the company reported that it had US$195.9 million in gold sales in 2021 which was above guidance. DNG is currently working on 2022 guidance. Since our May report, the stock has advanced 21.7%, significantly outperforming the Basic Materials sector (-4.3%). On Monday, a director was buying.

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Nine Mile Metals completes acquisition of 3 properties