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Dynacor Gold Mines ( (TSE:DNG) ) has issued an announcement.
Dynacor Group Inc. has announced a public offering to raise approximately C$20 million through the sale of common shares, with Canaccord Genuity Corp. acting as the sole agent. The proceeds from this offering will primarily fund the construction of a new ore processing plant in Sénégal, support preparatory work for additional plants in Africa, and explore opportunities in Latin America. This strategic move aims to leverage Dynacor’s expertise in artisanal gold ore processing, facilitating its expansion into new markets and reinforcing its growth prospects.
More about Dynacor Gold Mines
Dynacor is a dividend-paying industrial gold ore processor based in Montréal, Canada, focused on processing ore from the artisanal and small-scale mining (ASM) industry. With operations in Peru, Dynacor has a seasoned team experienced in working with ASM miners and also owns a gold exploration property in the Apurimac department.
YTD Price Performance: 5.61%
Average Trading Volume: 3,565
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $154M
See more insights into DNG stock on TipRanks’ Stock Analysis page.
