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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Bullboard - Stock Discussion Forum 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 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... see more

TSX:DNG - Post Discussion

Dynacor Group Inc > Citi
View:
Post by retiredcf on Jul 10, 2024 8:35am

Citi

Citi analyst Aakash Doshi expects continued strong demand for gold bullion,

“Physical gold demand likely softened in 2Q versus 1Q, albeit off a very strong base. Underlying gold consumption growth is still trending positive for 2024 and could help push 2H’24 spot trading towards a record $2,400-2,600/oz average price range, as financial investors play catch-up. Chinese retail gold imports and global central bank gold demand eased in recent months following a record 1Q seasonal. However, bullion ETF inflows have started to manifest, and buying interest there could become more pronounced into quarter-end and year-end. We remain constructive on gold physical uptake over the next 12m with a potential Fed cutting cycle and US labor market headwinds buttressing paper demand for the yellow metal. Our base case price targets $2,800-3,000/oz gold trading for mid-2025 (+10-20% versus the forwards)”

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Dynacor Group Inc