- Dynacor Group (TSX:DNG) reported unaudited gold sales of US$28.8 million in March and record quarterly sales of US$80 million in Q1 2025 from its Veta Dorada plant in Peru
- The company is an industrial ore processor producing gold sourced from artisanal miners in Peru, with plans for expansion into West Africa and Latin America
- Dynacor stock has given back 1.17 per cent year-over-year but remains up by 211.73 per cent since 2020
Dynacor Group (TSX:DNG) reported unaudited gold sales of US$28.8 million in March and record quarterly sales of US$80 million in Q1 2025 from its Veta Dorada plant in Peru.
March gold sales were up from US$20.7 million year-over-year – representing the second-highest monthly sales in Dynacor’s history – thanks to a 0.5 per cent increase in volume and a 38.6 per cent increase in sales price averaging US$3,020 per ounce.
Gold sales in Q1 were up from US$67.7 million year-over-year, driven by a 38.7 per cent increase in sales price to US$2,878 per ounce.
According to Tuesday’s news release, management believes the company is on track to meet annual sales guidance of between US$345 million and US$375 million.
Investors current and prospective can expect Dynacor’s Q1 2025 financial results on May 15, 2025, when the company is positioned to extend its profitable track record into a 14th consecutive year.
About Dynacor Group
Dynacor is an industrial ore processing company producing gold sourced from artisanal miners in Peru, with plans for expansion into West Africa and Latin America.
Dynacor stock (TSX:DNG) is up by 3.48 per cent on the news trading at C$5.05. The stock has given back 1.17 per cent year-over-year but remains up by 211.73 per cent since 2020.
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(Top image: Dynacor Group)
