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Dynacor Group Inc T.DNG

Alternate Symbol(s):  DNGDF

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

Post by profitprophet1on May 16, 2022 8:58am
192 Views
Post# 34685829

7 times earnings at top of guidance? Ridiculous

7 times earnings at top of guidance? Ridiculous
FOLLOW-UP OUTLOOK 2022 Ore processing For 2022, the Corporation forecasted sales (1) in the range of $200-220 million representing growth of 4-14% over 2021 final production sales. This could result in a net income in the range of $11-13 million ($0.28-0.33 per share) (CA$0.36-0.42 per share). So far in 2022, the Corporation is in line with its financial forecast. For 2022, Dynacor should incur capital expenditures ranging between $5 to 8 million at the Chala Plant including the plan to increase capacity later during the year. The Corporation is continuing to assess other opportunities of growth in Peru as well as in other jurisdictions.
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