Source: Dynacor Group Inc.
  • Dynacor Gold Mines Inc. (DNG) announced sales of C$22.2 million for April
  • This represented a 39.7 per cent increase over 2021
  • The average selling price of gold in April 2022 was US$1,915/oz compared to US$1,764/oz in April 2021
  • Dynacor is an industrial gold ore processor headquartered in Montreal, servicing ASMs artisanal and small-scale miners
  • Shares of Dynacor Gold Mines Inc. are down 0.621 per cent, trading at $3.20 at 11:12 AM ET,

Dynacor Gold Mines (DNG) announced sales of C$22.2 million for April 2022, a 39.7 per cent increase over 2021.

During April, the Veta Dorada plant continued working at its 430 tpd full capacity.

The average selling price of gold in April 2022 was US$1,915/oz compared to US$1,764/oz in April 2021.

The 2022 cumulative sales at the end of April amount to US$67.7 million compared to US$53.5 million for the same period in 2021, a 26.5 per cent increase.

For 2022, the company had a sales forecast of US$200 – $220 million based on US$1,810 per ounce average gold price.

Dynacor is an industrial gold ore processor headquartered in Montreal, servicing ASMs artisanal and small-scale miners.

The corporation intends to expand its processing operations in other jurisdictions as well.

Shares of Dynacor Gold Mines Inc. are down 0.621 per cent, trading at $3.20 at 11:12 AM ET.

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