Dynacor Group Reports Sales of US$26.1 Million in May 2025
MONTREAL, June 19, 2025 (GLOBE NEWSWIRE) -- Dynacor Group Inc. (TSX-DNG) ('Dynacor' or the "Corporation"), today announced unaudited gold sales of $26.1 million in May and year-to-date sales of $128.9 million. All figures are in US dollars unless otherwise indicated.
Monthly Highlights
Gold sales reached $26.1 million (C$36.2 million 1) in May 2025, compared to $23.7 million (C$32.4 million) in May 2024.
The increase in sales of $2.4 million or +10.1% versus May 2024 results from an increase in the sales price (+32.1%) partially offset by a decrease in volume (-21.9%) that in part results from planned plant maintenance.
In May, the selling price of gold averaged $3,293 per ounce, compared to $2,340 per ounce, a 40.7% increase over May 2024.
Year To Date Highlights
Cumulative gold sales reached $128.9 million at the end of May 2025, compared to $116.4 million for the same period of 2024, a $12.5 million increase or +10.7%.
In 2025, the selling price of gold averaged $3,015 per ounce, compared to $2,178 per ounce in 2024, a 38.4% increase.
The Corporation is on target to meet its annual sales guidance of between $345 and $375 million.
About Dynacor
Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on fully and part-formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The Corporation plans to expand to West Africa and within Latin America.
The premium paid by luxury jewellers for Dynacor's PX Impact® gold goes to Fidamar Foundation, an NGO that mainly invests in health and education projects for artisanal mining communities in Peru. Visit www.dynacor.com for more information.
Forward-Looking Information
Certain statements in the preceding may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management's current expectations regarding future events and operating performance as of the date of this news release.
Contact:
For more information, please contact:
Ruth Hanna
Director, Investor Relations
T: 514-393-9000 #236
E: investors@dynacor.com Website: https://dynacor.com
Renmark Financial Communications Inc.
Bettina Filippone
T: (416) 644-2020 or (212) 812-7680
E: bfilippone@renmarkfinancial.com
Website: www.renmarkfinancial.com
1 Sales are converted using the average monthly exchange rate.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
National Post
25 minutes ago
- National Post
Schneider Electric Launches New Data Centre Solutions to Meet Challenges of High-Density AI and Accelerated Compute Applications
Article content Innovative prefabricated data centre architecture provides critical IT infrastructure for high-density computing clusters. New rack PDUs and rack systems are built for increased size and weight support, and feature direct-to-chip liquid cooling. Schneider Electric launches new Open Compute Project (OCP) inspired rack system to support NVIDIA MGX architecture. Article content MISSISSAUGA, Ontario — Schneider Electric, the leader in the digital transformation of energy management and automation, today announced new data centre solutions specifically engineered to meet the intensive demands of next-generation AI cluster architectures. Evolving its EcoStruxure™ Data Centre Solutions portfolio, Schneider Electric introduced a Prefabricated Modular EcoStruxure Pod Data Centre solution that consolidates infrastructure for liquid cooling, high-power busway and high-density NetShelter Racks. In addition, EcoStruxure Rack Solutions incorporate detailed rack configurations and frameworks designed to accelerate High Performance Computing (HPC) and AI data centre deployments. The new EcoStruxure Pod Data Centre and EcoStruxure Rack Solutions are now available globally. Article content Organizations are deploying AI clusters and grappling with extreme rack power densities, which are projected to reach 1MW and beyond. Schneider Electric's new line of solutions equips customers with integrated, data-validated, and easily scaled white space solutions that address new challenges in pod and rack design, power distribution and thermal management. Article content 'The sheer power and density required for AI clusters create bottlenecks that demand a new approach to data centre architecture,' said Himamshu Prasad, senior vice president of EcoStruxure IT, Transactional & Edge and Energy Storage Centre of Excellence at Schneider Electric. 'Customers need integrated infrastructure solutions that not only handle extreme thermal loads and dynamic power profiles but also deploy rapidly, scale predictably, and operate efficiently and sustainably. Our innovative next-generation EcoStruxure solutions that support NVIDIA technology address these critical requirements head on.' Article content Prefabricated Modular EcoStruxure Pod Data Centre: Prefabricated, scalable pod architecture enables operators to deploy high-density racks, supporting pods up to 1MW and beyond, at scale. Engineered-to-order, the new pod infrastructure offers flexibility and supports liquid cooling, power busway, complex cabling, as well as hot aisle containment, InRow and rear door heat exchanger cooling architectures. The Prefabricated Modular EcoStruxure Pod Data Centre is now shipping pre-designed and pre-assembled with all components for rapid deployment to support high-density workloads. EcoStruxure Rack Solutions: These reliable, high-density rack systems adapt to EIA, ORV3 and NVIDIA MGX modular design standards approved by leading IT chip and server manufacturers. Configurations accommodate a wide array of power and cooling distribution schemes and employ Motivair by Schneider Electric in-rack liquid cooling, as well as new and expanded rack and power distribution products, including: NetShelter SX Advanced Enclosure: This new line features taller, deeper, and stronger racks to support increased weight, cabling and infrastructure. NetShelter SX Advanced features a reinforced shipload rating and is safeguarded with shock packaging, ensuring secure transport of AI servers and liquid cooling systems. NetShelter Rack PDU Advanced: These power distribution units have been updated to support the high-current power needs of AI servers. Designed for efficient rack layouts, the NetShelter Rack PDU Advanced offers compact vertical and horizontal models with higher counts of dedicated circuits. Intelligent operational features now enabled by Schneider Electric's Network Management Card enhance security and provide seamless integration to EcoStruxure IT. NetShelter Open Architecture: This Open Compute Project (OCP) inspired rack architecture is available as a configure-to-order solution and includes open rack standards, power shelf and in-rack busbar. As part of this, a new Schneider Electric rack system has also been developed to support the NVIDIA GB200 NVL72 system that utilizes the NVIDIA MGX architecture in its rack design, integrating Schneider Electric into NVIDIA's HGX and MGX ecosystems for the first time. Article content 'Schneider Electric's innovative solutions provide the reliable, scalable infrastructure our customers need to accelerate their AI initiatives,' said Vladimir Troy, vice president of data centre engineering, operations, enterprise software and cloud services at NVIDIA. 'Together, we're addressing the rapidly growing demands of AI factories — from kilowatt to megawatt-scale racks—and delivering future-proof solutions that maximize scalability, density and efficiency.' Article content The new solutions and suite of engineered data centre reference designs equip data centre operators and Schneider Electric's partner ecosystem with the infrastructure and information needed to deploy powerful AI clusters faster and more reliably while addressing common barriers to adoption, including: These enhanced EcoStruxure offerings add to Schneider Electric's robust line of fully integrated, end-to-end AI infrastructure solutions — spanning advanced hardware, intelligent software, services such as EcoCare™ and EcoConsult for Data Centres, and strategic industry partnerships with key IT players. Schneider Electric is the partner of choice for building efficient, resilient, scalable and AI-optimized data centres. Article content About Schneider Electric Article content Schneider's purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On. Our mission is to be the trusted partner in Sustainability and Efficiency. We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centres, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI-enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers. We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. Learn more at or follow them on Instagram, X, Facebook, and LinkedIn at @SchneiderElectricCA. For media resources, visit Schneider Electric's online newsroom, Article content Article content Article content Article content Article content Contacts Article content For more information: Article content
CTV News
26 minutes ago
- CTV News
Home construction must double over next decade to restore 2019 affordability: CMHC
Cranes are seen above a condo development and other housing projects under construction, in Coquitlam, B.C., on Tuesday, May 16, 2023. THE CANADIAN PRESS/Darryl Dyck Canada Mortgage and Housing Corp. says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels last seen in 2019 based on projected demand. The national housing agency released its latest supply gaps estimate report on Thursday, which said between 430,000 and 480,000 new housing units are needed per year across the ownership and rental markets by 2035. That would represent around double the current pace of home construction in Canada. A total of 90,760 housing starts have been recorded so far this year through May, and CMHC projects an average of 245,000 starts annually over the next 10 years under current conditions. 'Doubling the pace of housing construction in Canada is achievable, but not without a significantly larger and modernized workforce, more private investment, less regulation, fewer delays, and lower development costs,' said CMHC deputy chief economist Aled ab Iorwerth in a press release. 'It will also require significant innovation in construction technology and growth in labour productivity.' In 2023, the agency estimated Canada would need to build an additional 3.5 million housing units by 2030, on top of 2.3 million that were already projected to be built by that year, to reach affordability levels seen in 2004. In its latest report, CMHC said that timeline 'is no longer realistic,' especially after the post-pandemic price surge seen across the housing market. 'COVID-19 significantly changed the affordability landscape across the country,' the report said. 'As a result, we're changing our aspiration to restoring affordability to levels seen just before the pandemic. This change also highlights how widespread the housing affordability challenge has become across Canada.' The agency defines affordability as the amount of income that goes toward housing. In general, it aims to return to levels of affordability at which adjusted house prices are no higher than 30 per cent of average gross household income. But that ratio is projected to reach 52.7 per cent by 2035 in a 'business-as-usual' scenario, up from 40.3 per cent in 2019. Doubling projected housing starts over the next decade would bring the figure down to 41.1 per cent of income being allocated for homebuying nationally, according to the agency. During the federal election campaign, the Liberals promised to double the rate of residential construction over the next decade to reach 500,000 homes per year. The plan emphasized scaling up prefabricated housing construction. It said a new entity called Build Canada Homes would provide $25 billion in debt financing and $1 billion in equity financing to prefabricated homebuilders to reduce construction times by up to 50 per cent. Returning to 2019 affordability levels in the next decade would lead to house prices being roughly one-quarter lower than where they would otherwise be in 2035, the CMHC's report added. Average rents would also be about five per cent lower. The report included regional breakdowns, which show Ontario, Nova Scotia and B.C. have the most significant housing supply gaps by province. Montreal faces the largest gap of any major city, where home ownership costs have also risen faster than other regions in recent years, followed by Ottawa, where CMHC said new supply has not kept pace with increased housing demand. In Toronto, despite increased rental construction in recent years, the region is lacking home ownership options that match local incomes, and CMHC estimated a 70 per cent increase in homebuilding over the next decade would help to improve affordability issues. For Vancouver, it said an estimated 7,200 additional homes are needed annually above the 'business-as-usual' scenario, an increase of 29 per cent. It estimated Calgary, which has seen record levels of home construction for three straight years, will need 45 per cent more new homes annually. Meanwhile, no additional supply is required beyond what is currently projected in Edmonton, as sufficient market housing is expected to be built in the region to maintain affordability by 2035. --- Sammy Hudes, The Canadian Press This report by The Canadian Press was first published June 19, 2025.
CTV News
26 minutes ago
- CTV News
Descartes Systems Group acquires PackageRoute for about US$2 million
The logo of Descartes Systems Group is shown. THE CANADIAN PRESS/HO-Descartes Systems Group *MANDATORY CREDIT* TORONTO — Logistics software company Descartes Systems Group says it has acquired PackageRoute for about US$2 million. PackageRoute has a mobile and web-based platform that offers real-time visibility for package deliveries, route optimization and fleet management. The company is based in Sammamish, Wash. James Wee, general manager of routing, mobile and telematics at Descartes, says the U.S. firm works with subcontracted delivery service companies. PackageRoute's software integrates pickup and delivery data, helping contractors and drivers to operate more efficiently. Ontario-based Descartes specializes in software for supply chain and logistics management applications. --- This report by The Canadian Press was first published June 19, 2025.
