update From News release---Things are looking pretty good. When will the shares fully reflect and should one get a bit daring with overweighting? There seems to be very little following. I checked for analyst coverage and can't find any, which I suppose is to be expected as the company is self-funding and won't have a need to raise capital with share issuance hence no need for salesfolk--ahem, I meant to say analysts. Does anyone know of analysts covering? I've heard Ryan Irvine comment on it, but otherwise nobody else. Possibly 5i? Not sure.
Dynacor Gold Mines Inc. (DNG.TO), which processes gold ore from artisanal and small-scale miners, said Thursday that its sales in May totaled US$15.7 million, bringing year-to-date sales to US$69.1 million. The company at last look gained 2.5% in early Thursday trading.
The sales for May was the company's second-best month for the year so far and represented a 26% increase from sales in April totaling US$12.5 million.
Based on the results for the first five months of the year, Dynacor expects to exceed its 2021 sales guidance of US$150 million and EPS target of US$0.18 at an average gold price of US$1,850 per ounce. The average selling price of gold in May was US$1,873 per ounce.
Meanwhile, Dynacor said it is nearing completion of a gold plant expansion to 430 tonnes per day from the current 345 tonnes per day. Due to a recent rise in ore supply, Dynacor has increased its throughput levels from the nameplate capacity of 300 tonnes per day.