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Dynacor Gold Mines ( (TSE:DNG) ) has issued an update.
Dynacor Group Inc. has signed a share purchase agreement to acquire Arkham Metals SAS in Ecuador for $9.75 million, marking a significant step in its international expansion strategy. The acquisition includes the ‘Svetlana’ processing plant, which will initially operate at 300 tpd, with plans to increase capacity and expand its ore purchasing network. This strategic move is expected to enhance Dynacor’s presence in Latin America and position it to meet the growing demand in the artisanal and small-scale gold mining market.
The most recent analyst rating on (TSE:DNG) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on Dynacor Gold Mines stock, see the TSE:DNG Stock Forecast page.
Spark’s Take on TSE:DNG Stock
According to Spark, TipRanks’ AI Analyst, TSE:DNG is a Outperform.
Dynacor Gold Mines has a solid overall stock score driven by strong financial performance and favorable corporate events. While valuation metrics are attractive, technical indicators suggest caution. The company’s strategic initiatives and robust financial health underpin its potential for growth.
To see Spark’s full report on TSE:DNG stock, click here.
More about Dynacor Gold Mines
Dynacor Group is an industrial ore processing company focused on producing gold sourced from artisanal miners. Established in 1996, the Canadian company has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the artisanal mining industry. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru, with plans to expand to West Africa and within Latin America.
Average Trading Volume: 77,275
Technical Sentiment Signal: Sell
Current Market Cap: C$192.6M
See more data about DNG stock on TipRanks’ Stock Analysis page.