Source: Dynacor Group Inc.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Dynacor Gold Mines (TSX:DNG) announced US$14.7 million in sales for January 2022
  • The gold producer noted 8.7 per cent dip in the January sales compared to the previous corresponding year
  • Gold sales averaged US$1,807 per ounce in January 2022
  • Dynacor is engaged in gold production through the processing of ore purchased from the artisanal and small-scale mining industry
  • Dynacor (TSX:DNG) is up 3.2 per cent, trading at $3.30 at 9:44 am EST

Dynacor Gold Mines (DNG) announced US$14.7 million in sales for January 2022.

The gold producer reported an 8.7 per cent dip in the January sales compared to the previous year.

The average selling price of gold also declined to US$1,807 per ounce in January 2022, compared to US$1,847 per ounce in January 2021.

Meanwhile, gold prices remained relatively resilient in the first month of the year amid the broader market volatility.

The Veta Dorada plant continued working at its full 430 tpd production capacity in January.

According to Dynacor’s last press release, the company will pay a monthly dividend of 83 cents per common share on 17 February 2022, to shareholders of record as of 9 February 2022.

The company will release its 2022 financial guidance in the coming days.

Dynacor is engaged in gold production through the processing of ore purchased from the artisanal and small-scale mining industry. It produces and explores various properties in Peru such as Tumipampa and Anta.

Dynacor (TSX:DNG) is up 3.2 per cent, trading at $3.30 at 9:44 am EST.

More From The Market Herald

" Grizzly (TSXV:GZD) to advance 2022 drilling for BC precious & battery metals projects

Grizzly Discoveries (GZD) is reviewing proposals for core drilling during the 2022 exploration season.

" ArcPacific (TSXV:ACP) locates lost gold-copper mine on LMSL Project

ArcPacific Resources Corp. (ACP) has discovered an early 1900s era gold-copper mine at its LMSL Project in British Columbia.

" CanAlaska Uranium (TSXV:CVV) begins airborne survey at Geikie Project

CanAlaska Uranium (CVV) has begun a high-resolution helicopter-borne aeromagnetics and radiometrics survey on its Geikie project.

" Osisko Development (TSXV:ODV) releases San Antonio Property mineral resource estimate

Osisko Development Corp. (ODV) has released an initial open pit resource estimate at its San Antonio Project in Sonora State, Mexico.