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Dynacor Gold Mines ( (TSE:DNG) ) has shared an announcement.
Dynacor Group Inc. has announced the filing of a prospectus supplement for its public offering of up to 5,000,000 common shares at C$5.50 per share, aiming to raise C$27.5 million. The proceeds will primarily fund a new pilot processing plant in Sénégal, preparatory work for additional plants in Africa, other opportunities in Latin America, and general corporate needs, reflecting the company’s strategic expansion plans.
More about Dynacor Gold Mines
Dynacor is a dividend-paying industrial gold ore processor headquartered in Montréal, Canada. The corporation is engaged in gold production through the processing of ore purchased from the ASM (artisanal and small-scale mining) industry, primarily operating in Peru.
YTD Price Performance: -4.24%
Average Trading Volume: 4,094
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $140.5M
Learn more about DNG stock on TipRanks’ Stock Analysis page.