Dynacor Reports Sales of United states of america$15.0 Million (C$20.2 1000000) for November 2022
Dynacor Grouping Inc. (TSX-DNG) (Dynacor or the “Corporation”),
an international gilded ore industrial corporation servicing ASMs (artisanal and small-scale miners), today announced gold sales of US$xv.0 million (unaudited) (C$20.2 one thousand thousand)
for Nov 2022, compared to US$17.7 million (C$22.2 million) in Nov 2021, a decrease of United states$ii.vii meg or 15.3% over last year.
The average selling price of gilded in November 2022 was US$1,752 per oz, compared to U.s.$one,814 per oz last yr.
The 2022 cumulative sales at the end of Nov amounted to US$179.7 million, compared to U.s.a.$180.1 1000000 for the same period in 2021. The year-to-date boilerplate selling cost of gold at the terminate of November 2022 was US$i,799 per oz compared to US$i,793 per oz in 2021.
Every bit a result of the plant capacity increment during the calendar month, the Corporation candy an all-time monthly tape of thirteen,191 tonnes of ore (12,480 tonnes in November 2021).
The $2.7 million sales decrease is due to the lower average gold price (-$0.5 million) and the lower quantities of gold ounces sold ($two.2 million), caused by monthly inventory variations and a reduced ore grade compared to November 2021.
(1) Sales are converted using the monthly average commutation rate
Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The corporation is engaged in golden production through the processing of ore purchased from the ASM (artisanal and small-scale mining) industry. At present, Dynacor operates in Republic of peru, where its management and processing teams have decades of feel working with ASM miners. It also owns a golden exploration holding (Tumipampa) in the Apurimac section.
The corporation intends to expand its processing operations in other jurisdictions likewise.
Dynacor produces environmental and socially responsible gold through its PX IMPACT® aureate programme. A growing number of supportive firms from the fine luxury jewelry, watchmakers and investment sectors pay a minor premium to our customer and strategic partner for this PX IMPACT® gold. The premium provides direct investment to develop health and education projects for our artisanal and small-scale-scale miner’s communities.
Dynacor is listed on the Toronto Stock Commutation (DNG).
Certain statements in the preceding may constitute forrard-looking statements, which involve known and unknown risks, uncertainties and other factors that may crusade the actual results, performance, or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or unsaid by such forrad-looking statements. These statements reflect management’s electric current expectations regarding future events and operating performance as of the date of this news release.
Shares Outstanding: 38,486,138
View source version on businesswire.com:
For more information, delight contact:
Managing director, Shareholder Relations
Dynacor Group Inc.
T: 514-393-9000 #230
Due east: [email protected]