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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 > Ink Research
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Post by retiredcfon May 30, 2022 7:35am
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Post# 34716322

Ink Research

Ink ResearchMay 30, 2022

Morning Report: Dynacor Gold shines in the INK Edge rankings

Today we revisit Dynacor Gold Mines (DNG), last featured here on January 26th, which takes the #3 spot in the May edition of our Top Mining & Crypto report, up from #19 in April. Dynacor purchases gold ore from local government-registered artisanal ore producers and processes it at its wholly-owned Veta Dorada milling facility in Chala, Peru.

When Dynacor reported Q2 results on May 16th, net income came in at US$0.13 per share, up from US$0.05 in Q1 2021. Management attributes the growth to higher gold production, gold market price and trend and favourable exchange rate for the Peruvian sol against the USD. Importantly, gross operating margin grew to US$7.5 million (15.0% of sales) versus US$5.3 million (13.0% of sales) in the comparable period. Dynacor has a monthly dividend of $0.0083 per common share ($0.10 per share annualized), good for an indicated annual dividend yield of 3.2%.

Going forward, Dynacor reaffirmed its 2022 forecast of US$200 to US$220 million in expected sales representing 4% to 14% over 2021 final production sales. It expects 2022 net income of US$0.28 to US$0.33 per share and has plans for capital expenditures of US$5 to US$8 million later in 2022 to increase capacity at its Chala Plant.

Meanwhile, insiders have been acquiring shares through options exercises and Dynacor has been buying back shares.


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