tiprankstipranks
Company Announcements

Dynacor Reports Strong January Gold Sales Boosted by Price Surge

Story Highlights
Dynacor Reports Strong January Gold Sales Boosted by Price Surge

Discover the Best Stocks and Maximize Your Portfolio:

The latest update is out from Dynacor Gold Mines ( (TSE:DNG) ).

Dynacor Group Inc. reported unaudited gold sales of $28.7 million for January 2025, marking its second-highest monthly sales and a 6.7% increase compared to January 2024. The rise in sales is attributed to a significant increase in the selling price of gold, which averaged $2,737 per ounce, despite a decline in volume processed at the Veta Dorada plant. The company plans to release its 2025 financial guidance by the end of February and its 2024 annual financial results in March.

More about Dynacor Gold Mines

Dynacor is a dividend-paying industrial gold ore processor based in Montreal, Canada. The company specializes in gold production by processing ore from the artisanal and small-scale mining (ASM) industry, primarily operating in Peru with experienced management and processing teams.

YTD Price Performance: -4.75%

Average Trading Volume: 4,735

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $159.8M

See more data about DNG stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1