Dynacor Gold Mines Reports Record Sales in Q1-2025

Dynacor Gold Mines Inc ( (DNGDF) ) has released its Q1 earnings. Here is a breakdown of the information Dynacor Gold Mines Inc presented to its investors.

Dynacor Gold Mines Inc., a Canadian company, specializes in industrial ore processing and gold production sourced from artisanal miners, with operations primarily in Peru and expansion plans in West Africa and Latin America.

In its latest earnings report for Q1-2025, Dynacor Gold Mines Inc. announced record quarterly sales of $80 million, marking an 18.2% increase from the same period last year, alongside a net income of $5.1 million, up by 6.3% from Q1-2024. The company also completed a successful financing round, raising over $22 million through the issuance of common shares.

Key financial highlights include an EBITDA of $7.3 million, despite a 9.9% decrease from the previous year, and a significant increase in cash and short-term investments to $59.3 million. The company processed 43,341 tonnes of ore, producing 27,050 AuEq ounces, while advancing its international expansion plans with projects in Senegal and Ecuador.

Looking ahead, Dynacor remains on track with its 2025 outlook, forecasting sales between $345-$375 million and net income between $14-$17 million. The company continues to focus on strategic growth and expansion, supported by a strong financial position and ongoing investments in its operations.