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Dynacor Gold Mines
(TSX:DNG)
Dynacor Gold Mines (DNG) vs. iShares MSCI Canada ETF (EWC)
Dynacor Gold Mines Business Overview & Revenue Model
Dynacor Gold Mines Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 276.90M | 250.19M | 197.55M | 195.91M | 101.53M | 102.50M |
| Gross Profit | |||||
| 37.22M | 30.20M | 24.43M | 27.06M | 13.61M | 12.97M |
| EBIT | |||||
| 28.01M | 22.10M | 18.14M | 21.21M | 9.52M | 8.32M |
| EBITDA | |||||
| 32.67M | 26.61M | 21.53M | 23.80M | 11.65M | 10.89M |
| Net Income Common Stockholders | |||||
| 18.73M | 15.07M | 12.01M | 11.78M | 4.33M | 5.19M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 13.93M | 22.48M | 25.41M | 26.91M | 11.87M | 6.74M |
| Total Assets | |||||
| 66.35M | 111.78M | 96.90M | 91.36M | 76.30M | 74.81M |
| Total Debt | |||||
| 747.69K | 635.69K | 701.23K | 343.97K | 706.75K | 4.33M |
| Net Debt | |||||
| -13.18M | -21.28M | -24.71M | -26.57M | -11.16M | -2.41M |
| Total Liabilities | |||||
| 9.46M | 22.19M | 16.62M | 19.35M | 13.55M | 14.86M |
| Stockholders Equity | |||||
| 56.89M | 89.59M | 80.28M | 72.01M | 62.74M | 59.95M |
| Cash Flow | Free Cash Flow | ||||
| 18.58M | 3.04M | 2.57M | 18.42M | 10.34M | -7.36M |
| Operating Cash Flow | |||||
| 23.05M | 9.61M | 6.23M | 21.87M | 11.22M | -5.88M |
| Investing Cash Flow | |||||
| -4.34M | -6.45M | -3.51M | -3.21M | -769.83K | -1.41M |
| Financing Cash Flow | |||||
| -9.77M | -6.28M | -4.22M | -3.41M | -5.33M | 76.02K |
Dynacor Gold Mines Technical Analysis
Dynacor Gold Mines Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $200.95M | 7.45 | 16.08% | 3.01% | 17.25% | 16.23% | |
50 Neutral | $2.00B | -1.11 | -21.15% | 3.68% | 2.64% | -30.82% | |
| $175.49M | ― | -6.29% | ― | ― | ― | ||
55 Neutral | C$267.78M | 53.85 | -0.81% | ― | ― | 12.63% | |
| $146.93M | ― | -22.20% | ― | ― | ― | ||
| $174.79M | 3.39 | 44.39% | ― | ― | ― | ||
36 Underperform | C$181.41M | ― | -49.68% | ― | ― | 17.11% |
Dynacor Gold Mines Corporate Events
Dynacor Group reported gold sales of $22.8 million for April 2025, a decrease from the previous year due to a decline in volume despite a significant increase in gold prices. Year-to-date sales reached $102.8 million, showing a 10.9% increase from 2024, with the company on track to meet its annual sales guidance. The Veta Dorada plant operated at full capacity, and the company continues to benefit from higher gold prices, positioning itself strongly in the artisanal mining sector.
The most recent analyst rating on (TSE:DNG) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on Dynacor Gold Mines stock, see the TSE:DNG Stock Forecast page.
Dynacor Gold Mines reported a record quarterly sales of $80 million and a net income of $5.1 million for Q1-2025, indicating a strong financial performance despite a decrease in EBITDA. The company is advancing its international expansion with projects in Senegal and Ecuador, maintaining a solid financial position with $59.3 million in cash and short-term investments, and increasing its monthly dividends, reflecting a robust outlook for 2025.
The most recent analyst rating on (TSE:DNG) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Dynacor Gold Mines stock, see the TSE:DNG Stock Forecast page.
Dynacor Group Inc. has announced the retirement of Mr. Léonard Teoli, who has served as Chief Financial Officer and Vice-President, Finance for 14 years, and the appointment of Stéphane Lemarié as his successor. Lemarié, who has been with Dynacor since 2017, brings over 25 years of experience in finance and auditing, and is expected to play a key role in the company’s international expansion plans. This leadership change is seen as a strategic move to enhance Dynacor’s financial and operational capabilities as it continues to grow its presence in the artisanal mining sector.
Dynacor Group Inc. has announced its May 2025 monthly dividend of C$0.01333 per common share, payable on May 15, 2025, marking its sixty-second dividend payment. This consistent dividend policy reflects the company’s stable financial performance and commitment to returning value to shareholders, while its focus on artisanal mining and expansion plans highlight its strategic positioning in the industry.
Dynacor Group reported record quarterly gold sales of $80.0 million for the first quarter of 2025, driven by a significant increase in the selling price of gold. The Veta Dorada plant operated at full capacity, processing 15,000 tonnes of ore. The company is on track to meet its annual sales guidance of $345 to $375 million, reflecting its strong market positioning and operational efficiency.
Dynacor announced the results of a special shareholder meeting, where a strong majority voted in favor of the board’s recommendations, rejecting proposals from a dissident shareholder, iolite. The shareholders’ decision supports Dynacor’s expansion strategy and its commitment to a successful track record, while emphasizing the importance of aligning with the board’s strategic plan for future growth.
Dynacor Group Inc. has provided an update on its expansion progress in West Africa and Latin America, remaining on track for its 2025 objectives and aiming to produce 500,000 AuEq ounces by 2030. Key developments include preparatory work for a pilot plant in Senegal, ongoing due diligence for a processing plant in Ecuador, discussions for partnerships in Ghana, and monitoring of mining code revisions in Côte d’Ivoire. These efforts reflect Dynacor’s strategic growth plans and commitment to responsible mining practices, potentially enhancing its market position and stakeholder value.
Dynacor Group Inc. is urging its shareholders to vote using the GOLD Proxy against the expansion of the board and the election of dissident shareholder Robert Leitz’s nominee. The company emphasizes the importance of maintaining its current board structure, which has been endorsed by independent advisory firms ISS and Glass Lewis, to protect shareholder value and ensure continued strategic oversight. The dissident’s actions are seen as disruptive, with his nominee lacking the necessary experience and trust of the current board.
Dynacor Gold Mines has filed management materials urging shareholders to vote against actions by dissident shareholder iolite Capital, which seeks to elect an unqualified individual to the board. The company highlights its record financial performance in 2024, including increased sales and net income, and warns that the dissident’s actions are costly and disruptive. Dynacor emphasizes the importance of maintaining a skilled and experienced board to continue its successful growth trajectory and protect shareholder interests.
Dynacor Group Inc. has entered into a non-binding letter of intent to acquire a processing plant and assets in Ecuador from Pelorus Minerals Limited for $9.75 million. This acquisition aligns with Dynacor’s strategic plan to enhance its global operational capacity and achieve significant production and sales goals by 2030. The company estimates a total project cost of $25 million over the next 12 months, including refurbishing and working capital, and expects initial production within a year of closing the transaction.
Dynacor Group Inc. has declared a monthly dividend of C$0.01333 per common share for April 2025, marking its 61st dividend overall. The dividend, payable on April 17, 2025, reflects the company’s ongoing commitment to shareholder returns and is classified as an ‘eligible dividend’ for Canadian tax purposes. This announcement underscores Dynacor’s stable financial performance and strategic focus on responsible gold production, which benefits both the company and the artisanal mining communities it supports.
Dynacor Group Inc. reported record financial results for 2024, with a significant increase in sales, EBITDA, and net income. The company processed a record amount of ore and maintained a strong financial position, while advancing its international expansion plans. Dynacor’s efforts in environmental governance and community support were also highlighted, and the company was recognized as a top-performing stock on the TSX. Looking ahead to 2025, Dynacor has already generated substantial sales and completed a public offering, with plans to further increase production and capital expenditures.
Dynacor Group reported a significant increase in gold sales for February 2025, reaching $22.5 million, an 11.9% rise compared to the previous year. This growth was driven by a substantial increase in the selling price of gold, despite a decline in sales volume. The Veta Dorada plant operated at full capacity, processing nearly 13,500 tonnes of ore. Cumulative gold sales for the year reached $51.2 million, marking an 8.9% increase from the same period in 2024. The rise in sales highlights Dynacor’s strong market positioning and its ability to capitalize on higher gold prices, benefiting stakeholders and supporting its expansion plans.
Dynacor Group Inc. has announced its 2025 outlook, projecting a 27% increase in sales compared to 2024. The company plans significant investments in its operations, including upgrades at its Veta Dorada plant in Peru and the construction of a pilot plant in Senegal. This marks the first year of a growth plan aimed at tripling sales by 2030, with stable production and increased revenue. The company’s strategy also includes ongoing dividend payments and milestones in Africa, such as an environmental impact study.