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MONTREAL — Dynacor Group Inc. (TSX-DNG) (Dynacor or the “Company”), a world gold ore industrial company servicing ASMs (artisanal and small-scale miners), at present introduced that it had recorded unaudited gold gross sales of US$20.3 million (C$27.3 million) (1) for December 2023, in comparison with US$17.8 million (C$24.2 million) in December 2022 and historic annual gross sales of US$250.2 million (C$337.6 million), in comparison with US$197.5 million (C$256.9 million), a rise of +26.7% in comparison with 2022.
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Gross sales enhance versus December of final yr of US$2.5 million or +14.0% is especially on account of enhance in gross sales worth (+12.4%). Annual gross sales enhance versus final yr of US$52.7 million or +26.7% is because of enhance gross sales quantity (+17.7%) and enhance gross sales worth (+9.0%).
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In December, the typical promoting worth of gold exceeded US$ 2,000 per as soon as at US$ 2,024 per ounce, in comparison with US$1,810 per ounce in December 2022. The common promoting worth of gold for 2023 was US$1,936 per ounce in comparison with US$1,800 per ounce in 2022.
Throughout December 2023, the Veta Dorada plant continued working at full tempo processing 14,328 tonnes (cumulative yr to this point of 170,668 tonnes).
The Company will launch in February its 2024 monetary steerage and on the finish of March its 2023 annual monetary outcomes.
(1) Gross sales are transformed utilizing the month-to-month common change charge
ABOUT DYNACOR
Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The company is engaged in gold manufacturing by the processing of ore bought from the ASM (artisanal and small-scale mining) trade. At current, Dynacor operates in Peru, the place its administration and processing groups have many years of expertise working with ASM miners. It additionally owns a gold exploration property (Tumipampa) within the Apurimac division.
The company intends to increase its processing operations in different jurisdictions as properly.
Dynacor produces environmental and socially accountable gold by its PX IMPACT® gold program. A rising variety of supportive corporations from the effective luxurious jewellery, watchmakers and funding sectors pay a small premium to our buyer and strategic accomplice for this PX IMPACT® gold. The premium offers direct funding to develop well being and schooling tasks for our artisanal and small-scale miner’s communities.
Dynacor is listed on the Toronto Inventory Change (DNG).
FORWARD-LOOKING INFORMATION
Sure statements within the previous might represent forward-looking statements, which contain recognized and unknown dangers, uncertainties and different components that will trigger the precise outcomes, efficiency, or achievements of Dynacor, or trade outcomes, to be materially completely different from any future consequence, efficiency or achievement expressed or implied by such forward-looking statements. These statements replicate administration’s present expectations concerning future occasions and working efficiency as of the date of this information launch.
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Contacts
For extra data, please contact:
Director, Shareholder Relations
Dale Nejmeldeen
Dynacor Group Inc.
T: 514-393-9000 #230
E: buyers@dynacor.com
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