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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 through the processing of ore purchased from the artisanal and small-scale mining (ASM) industry. The Company also owns the rights on several mining properties which are at the exploration stage, including its flagship exploration gold, copper, and silver prospect, the Tumipampa property (Tumipampa). Tumipampa is located approximately 500 kilometers (km) from Lima, Peru, in the Circa district, Province of Abancay, Department of Apurimac. Tumipampa's concessions cover an area of approximately 4,000 hectares and are located geographically on the eastern slopes of the Andes Mountain Range between 4,200 and 4,800 meters above sea level. The Company's produces environmentally responsible gold through its PX IMPACT gold program. Its Veta Dorada plant is gold mineral processing plant in Peru. The Company's Anta property is a copper/silver exploration prospect.


TSX:DNG - Post by User

Post by retiredcfon Jan 26, 2022 8:49am
256 Views
Post# 34361495

Ink Research

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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