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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 Nov 03, 2024 7:54am
148 Views
Post# 36294116

Assessment

AssessmentDNG is up 47% this year, and now trades at 9.9X earnings. It has $34M (net) cash and about 18% EPS growth is expected next year. The last quarter was good and the sector outlook remains positive. Insiders own 9.5% directly; Red Oak Partners owns 13.9%; Iolite Partners owns 10% and there has been a bit of (net) insider buying this year. Considering the valuation, the strong financial position and outlook, we would consider it a solid small cap buy for investors interested in the mining sector. (5iResearch)


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