Top Page
Dynacor Gold Mines
(TSX:DNG)
Dynacor Gold Mines (DNG) vs. S&P 500 (SPY)
Dynacor Gold Mines Business Overview & Revenue Model
Dynacor Gold Mines Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 250.19M | 197.55M | 195.91M | 101.53M | 102.50M | Gross Profit |
| 30.20M | 24.43M | 27.06M | 13.61M | 12.97M | EBIT |
| 22.10M | 18.14M | 21.21M | 9.52M | 8.32M | EBITDA |
| 26.61M | 21.53M | 23.80M | 11.65M | 10.89M | Net Income Common Stockholders |
| 15.07M | 12.01M | 11.78M | 4.33M | 5.19M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 22.48M | 25.41M | 26.91M | 11.87M | 6.74M | Total Assets |
| 111.78M | 96.90M | 91.36M | 76.30M | 74.81M | Total Debt |
| 635.69K | 701.23K | 343.97K | 706.75K | 4.33M | Net Debt |
| -21.28M | -24.71M | -26.57M | -11.16M | -2.41M | Total Liabilities |
| 22.19M | 16.62M | 19.35M | 13.55M | 14.86M | Stockholders Equity |
| 89.59M | 80.28M | 72.01M | 62.74M | 59.95M |
| Cash Flow | Free Cash Flow | |||
| 3.04M | 2.57M | 18.42M | 10.34M | -7.36M | Operating Cash Flow |
| 9.61M | 6.23M | 21.87M | 11.22M | -5.88M | Investing Cash Flow |
| -6.45M | -3.51M | -3.21M | -769.83K | -1.41M | Financing Cash Flow |
| -6.28M | -4.22M | -3.41M | -5.33M | 76.02K |
Dynacor Gold Mines Technical Analysis
Dynacor Gold Mines Peers Comparison
Dynacor Gold Mines Corporate Events
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.
Spark’s Take on TSE:DNG Stock
According to Spark, TipRanks’ AI Analyst, TSE:DNG is a Outperform.
Dynacor Gold Mines demonstrates strong financial fundamentals with robust revenue growth and minimal leverage, contributing positively to the overall score. The stock is attractively valued, but technical indicators suggest caution due to potential bearish trends. Significant corporate events, such as expansion plans and shareholder disputes, present both opportunities and risks, resulting in a moderate overall stock score.
To see Spark’s full report on TSE:DNG stock, click here.
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.
Spark’s Take on TSE:DNG Stock
According to Spark, TipRanks’ AI Analyst, TSE:DNG is a Outperform.
Dynacor Gold Mines has a strong overall financial foundation with notable revenue growth and minimal leverage. While the valuation is appealing, technical indicators suggest caution in the near term. Strategic expansions are promising, but governance issues add some risk. Overall, the stock reflects strong financial fundamentals with moderate growth potential.
To see Spark’s full report on TSE:DNG stock, click here.
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.
Spark’s Take on TSE:DNG Stock
According to Spark, TipRanks’ AI Analyst, TSE:DNG is a Outperform.
Dynacor Gold Mines displays strong financial health with robust revenue growth and minimal leverage, contributing significantly to the overall score. While the valuation is attractive, the technical indicators suggest bearish trends, limiting short-term stock appreciation. The strategic expansion plans are promising but are tempered by shareholder disputes that introduce some risk. Overall, the stock reflects strong financial fundamentals with moderate growth potential.
To see Spark’s full report on TSE:DNG stock, click here.
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.
Spark’s Take on TSE:DNG Stock
According to Spark, TipRanks’ AI Analyst, TSE:DNG is a Outperform.
Dynacor Gold Mines demonstrates strong financial health with robust revenue growth, minimal leverage, and efficient cash flow management. Despite attractive valuation and strategic expansion plans, the bearish technical indicators and shareholder dispute pose challenges. The overall score reflects strong financial fundamentals tempered by current market sentiment and corporate governance issues.
To see Spark’s full report on TSE:DNG stock, click here.
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.
Spark’s Take on TSE:DNG Stock
According to Spark, TipRanks’ AI Analyst, TSE:DNG is a Outperform.
Dynacor Gold Mines demonstrates strong financial health with robust revenue growth, minimal leverage, and efficient cash flow management. Despite attractive valuation and strategic expansion plans, the bearish technical indicators and shareholder dispute pose challenges. The overall score reflects strong financial fundamentals tempered by current market sentiment and corporate governance issues.
To see Spark’s full report on TSE:DNG stock, click here.
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.
Spark’s Take on TSE:DNG Stock
According to Spark, TipRanks’ AI Analyst, TSE:DNG is a Neutral.
Dynacor Gold Mines shows strong financial performance and attractive valuation, driven by robust revenue growth and minimal leverage. Despite these strengths, technical indicators reflect a bearish trend, potentially limiting short-term stock appreciation. Significant corporate events like strategic expansions highlight growth potential, but the shareholder dispute introduces some risk.
To see Spark’s full report on TSE:DNG stock, click here.
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.
Dynacor Group Inc. has announced its March 2025 dividend payment of C$0.01333 per common share, marking its sixtieth overall and fiftieth monthly dividend. This decision reflects the company’s commitment to returning value to shareholders while considering its financial results and future prospects. The dividend is classified as an ‘eligible dividend’ for Canadian tax purposes, and its continuation is subject to the board’s discretion based on various financial factors.
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.
Dynacor Group Inc. has announced its strategic expansion plans in West Africa and Latin America as part of its goal to produce 500,000 AuEq ounces and achieve $1 billion in sales by 2030. The company plans to open new processing plants in Senegal, Côte d’Ivoire, Ghana, and Latin America. Dynacor has secured financial backing and strengthened its leadership team to support this growth, with new appointments aimed at enhancing expertise in these regions. The expansion involves substantial groundwork, including engagements with government bodies and artisanal miners, and the start of environmental impact studies. The company has also raised approximately $22 million to fund its expansion, signaling a robust strategy to scale its operations.