Latest news with #DynacorGroup
National Post
20-05-2025
- Business
- National Post
Dynacor Group Reports Sales of US$22.8 Million in April 2025
Article content MONTREAL — Dynacor Group Inc. (TSX-DNG) ('Dynacor' or the 'Corporation'), today announced unaudited gold sales of $22.8 million in April and year-to-date sales of $102.8 million. All figures are in US dollars unless otherwise indicated. Article content Article content Monthly Highlights Article content Gold sales reached $22.8 million (C$31.8 million 1) in April 2025, compared to $25.0 million (C$34.2 million) in April 2024. Article content The decrease in sales of $2.2 million or -8.8% versus April 2024 results from an increase in the sales price (+25.6%) offset by a decrease in the volume (-34.4%). The sale of the last gold pour in April was postponed to early May. Article content In April, the selling price of gold averaged $3,248 per ounce, compared to $2,340 per ounce, a 38.8% increase over April 2024. Article content The Veta Dorada plant operated at full capacity, processing over 14,000 tonnes of ore as per last year. Article content Year To Date Highlights Article content Cumulative gold sales reached $102.8 million at the end of April 2025, compared to $92.7 million for the same period of 2024, a $10.1 million increase or +10.9%. Article content In 2025, the selling price of gold averaged $2,951 per ounce, compared to $2,140 per ounce in 2024, a 37.9% increase. Article content 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. Article content 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 for more information. Article content Forward-Looking Information Article content 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. Article content Article content Article content Article content Article content Contacts Article content For more information, please contact: Article content Ruth Hanna Director, Investor Relations T: 514-393-9000 #236 E: investors@ Website: Article content Article content
National Post
15-05-2025
- Business
- National Post
Dynacor Further Improves Financial Performance with Net Income of $5.1 Million and Record Quarterly Sales of $80 Million in Q1-2025
Article content MONTREAL — Dynacor Group Inc. (TSX: DNG) ('Dynacor' or the 'Corporation') today announced its unaudited financial and operational results 1 for the first quarter ended March 31, 2025. Article content Article content Record sales and robust financial results: Record sales of $80.0 million, an 18.2% increase from Q1-2024. EBITDA 2 of $7.3 million, a 9.9% decrease from Q1-2024. Net income of $5.1 million, a 6.3% increase from Q1-2024. Operating cash flows before changes in working capital items of $5.8 million, a 3.6% increase from Q1-2024. Cash gross operating margin of $353 per AuEq ounce sold 3, compared to $305 in Q1-2024. Successful financing: Completed an offering of 5,750,000 common shares at a price of $3.84 (CA$5.50) per share, generating gross proceeds of $22,081,414 (CA$31,625,000). Steady mill performance: Processed 43,341 tonnes of ore (482 tpd) compared to 44,006 tonnes in Q1-2024 (484 tpd) Produced 27,050 AuEq ounces compared to 31,769 AuEq ounces in Q1-2024. 38,500 tonnes of ore supplied, and ore inventory of almost 7,000 tonnes at quarter-end. Solid financial position with cash and short-term investments of $59.3 million at the end of Q1-2025 compared to $25.8 million at year-end 2024. Advanced international expansion plans: Senegal: Preparatory work for the construction of a 50 tpd pilot plant is proceeding to plan. Ecuador: Executed a conditional letter of offer and indicative terms for the purchase of a 1,500 tpd permitted processing plant. Increased monthly dividends: Disbursed a monthly dividend representing CA$0.16 per share on an annual basis or a 3.3% dividend yield based on the current share price. Heightened health and safety, environment and social responsibility expertise at Veta Dorada through 9,735 hours of training. Impacted more than 1,000 people through investments in artisanal mining community education and health. Article content 1 All figures are in US dollars unless stated otherwise. All variance % are calculated from rounded figures. Some additions might be incorrect due to rounding. 2 EBITDA: 'Earnings before interest, taxes and depreciation' is a non-IFRS financial performance measure with no standard definition under IFRS Accounting Standards. It is therefore possible that this measure could not be comparable with a similar measure of another corporation. The Corporation uses this non-IFRS measure as an indicator of the cash generated by the operations and allows investor to compare the profitability of the Corporation with others by canceling effects of different assets basis, effects due to different tax structures as well as the effects of different capital structures. EBITDA is calculated on p.13 of the MD&A. See the 'Non-IFRS Measures' section 18 of the Corporation's MD&A for the three-month period ended March 31, 2025. 3 Cash gross operating margin per AuEq ounce is in US$ and is calculated by subtracting the average cash cost of sale per equivalent ounce of Au from the average selling price per equivalent ounce of Au and is a non-IFRS financial performance measure with no standard definition under IFRS Accounting Standards. It is therefore possible that this measure could not be comparable with a similar measure of another company. See the 'non-IFRS Measures' in section 18 of the Corporation's MD&A. Article content For 2025, the Corporation forecasts: Article content Sales between $345-$375 million (YTD $80.0 million). Net income between $14-$17 million (YTD $5.1 million). Production between 120,000-130,000 AuEq ounces (YTD 27,050 AuEq ounces). Capital expenditures of up to $15 million in Peru and Senegal (YTD $1.3 million). Other project expenses of $3 million to achieve the 2025 growth plan (YTD $0.5 million). Article content Initial guidance excludes ongoing capital expenditure on other projects and opportunities in Latin America and in Africa. Article content Guidance is based on the following assumptions: Article content No increase in processing capacity. Average market gold price of between $2,800 and $3,000 per ounce. The ore grade supplied may vary with the evolution of the gold price. Article content So far in 2025, the Corporation is in line with its outlook. Article content 'I am proud of the Dynacor team's dedication and focus, delivering record sales, solid production and strong financials in the first quarter, which can be the weakest quarter of the year due to the wet season. Despite external market turbulence, we also advanced our expansion plan decisively in the quarter through our conditional offer of intent to acquire a second plant in Latin America and tight oversight of our growth plans into Africa,' said Jean Martineau, President & CEO. 'We thank shareholders for their continued support in this year of significant execution and believe that Dynacor has never been better positioned.' Article content The Chala plant continued operating at full capacity. Production was impacted by the supply of lower grade ore that is mainly due to the increasing gold market price. The decrease in the AuEq ounces produced is a direct result of the lower head grade processed compared to the same period in 2024. At the end of Q1-2025, the Corporation's stockpile held some 7,000 tonnes of ore compared to 12,000 tonnes at year-end 2024, reflecting the lower seasonal volume of ore supply in the period. Article content For the three-month periods ended March 31, (in $'000) (unaudited) 2025 2024 Sales 79,968 67,733 Cost of sales (70,992) (58,585) Gross operating margin 8,976 9,148 General and administrative expenses (2,404) (1,704) Other project expenses (475) (214) Operating income 6,097 7,230 Financial income net of expenses 210 171 Foreign exchange gain (loss) 276 (59) Income before income taxes 6,583 7,342 Current income tax expense (1,773) (2,577) Deferred income tax recovery 339 16 Net income and comprehensive income 5,149 4,781 Earnings per share Basic $0.13 $0.13 Diluted $0.13 $0.13 Article content Q1-2025 Quarterly Results Article content During Q1-2025, the gold price increased from approximately $2,700/oz in January to approximately $3,000/oz in March, positively impacting the Q1-2025 financial performance. Total sales amounted to $80.0 million compared to $67.7 million in 2024. The $12.3 million increase is explained by a higher average gold price (+$22.3 million), partially offset by lower quantities of gold ounces sold (-$10.0 million) due to lower grades of ore processed. The Q1-2025 gross operating margin reached $9.0 million (11.2% of sales) compared to $9.1 million (13.5% of sales) in Q1-2024. Both quarters were positively impacted by the increasing gold market prices. General and administrative expenses amounted to $2.4 million in Q1-2025 compared to $1.7 million in Q1-2024. The increase is attributable to the growing management team to achieve the growth plan, the increase in salaries and the cost of the special Shareholders meeting that was held on April 16, 2025. Other projects represent the expenses incurred by the Corporation to duplicate its unique business model in the same or other jurisdictions. A $1.4 million income tax expense was also recorded during Q1-2025. The decrease as a percentage of the net income before taxes is mainly explained by the variance throughout the period of the Peruvian sol against the US$ which is the Corporation's functional currency. Future fluctuations will positively or negatively affect the current and deferred tax at the end of each period. Article content For the three-month periods ended March 31, (in $'000) (unaudited) 2025 2024 Operating activities Net income adjusted for non-cash items 5,799 5,651 Changes in working capital items 9,686 3,940 Net cash from operating activities 15,485 9,591 Investing activities Acquisition of property, plant and equipment and others (1,304) (718) Net cash used in investing activities (1,304) (718) Issuance of common shares 20,433 – Repurchase of common shares – (2,752) Dividends paid (1,115) (969) Other 56 55 Net cash from (used in) financing activities 19,374 (3,666) Change in cash during the period 33,555 5,207 Effect of exchange rate changes on cash (76) (13) Cash, beginning of the period 19,819 22,481 Cash, end of the period 53,298 27,675 Article content Investing activities Article content In Q1-2025, Dynacor invested $1.3 million in capital expenditure including $0.8 million to increase the tailings pond capacity and other additions to maintain or improve the plant efficiency. All investments were financed with internally generated cash flow. Article content Financing activities Article content Offering of 5,750,000 common shares at a price of $3.84 (CA$5.50) per share, generating gross proceeds of $22,081,414 (CA$31,625,000) and incurring transaction costs of $1,648,652. In Q1-2025, monthly dividends of CA$0.0133 totaling CA$0.04 per share were disbursed for a total consideration of $1.1 million (CA$1.7 million). In Q1-2024, monthly dividends of CA$0.01167 totaling CA$0.035 per share were disbursed for a total consideration of $1.0 million (CA$1.3 million). Article content As at March 31, 2025, the Corporation's working capital amounted to $82.6 million, including $59.3 million in cash and short-term investments ($58.9 million, including $25.8 million in cash and short-term investments as at December 31, 2024). Article content As at March 31, 2025, total assets amounted to $147.2 million ($125.3 million as at December 31, 2024). Major variances since year-end 2024 come from the significant increase in cash following the issuance of common shares in February 2025 and the decrease in ore inventory due to the rainy season which impacts the ore supply. Article content (in $'000) (unaudited) As at March 31, As at December 31, 2025 2024 Cash 53,298 19,819 Short-term investments 5,999 5,999 Accounts receivable 21,004 23,747 Inventories 19,162 29,376 Prepaid expenses and other assets 1,359 361 Property, plant and equipment 26,593 26,160 Exploration and evaluation assets 18,570 18,570 Right-of-use assets 1,045 1,070 Other non-current assets 159 159 Total assets 147,189 125,261 Trade and other payables 16,763 18,185 Asset retirement obligations 3,757 3,732 Current tax liabilities 1,290 2,125 Deferred tax liabilities 226 565 Lease liabilities 1,104 1,108 Share unit plan liabilities 333 389 Shareholders' equity 123,716 99,157 Total liabilities and shareholders' equity 147,189 125,261 Article content Annual General Meeting Article content The Corporation will hold its Annual General Meeting (AGM) for shareholders at 10 am on June 17, 2025. Webcast and further details on the AGM will be provided in the notice of meeting. Article content About Dynacor Article content 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 company plans to expand to West Africa and within Latin America. Article content 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 for more information. Article content Article content Article content Article content Article content Contacts Article content For more information, please contact: Article content Ruth Hanna Director, Investor Relations T: 514-393-9000 #236 E: investors@ Website: Article content Article content
Yahoo
03-04-2025
- Business
- Yahoo
Dynacor Group (TSE:DNG) Has Affirmed Its Dividend Of $0.0133
The board of Dynacor Group Inc. (TSE:DNG) has announced that it will pay a dividend on the 17th of April, with investors receiving $0.0133 per share. Based on this payment, the dividend yield on the company's stock will be 3.3%, which is an attractive boost to shareholder returns. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. However, Dynacor Group's earnings easily cover the dividend. This means that most of what the business earns is being used to help it grow. Looking forward, earnings per share could rise by 24.7% over the next year if the trend from the last few years continues. If the dividend continues on this path, the payout ratio could be 37% by next year, which we think can be pretty sustainable going forward. Check out our latest analysis for Dynacor Group Dynacor Group has been paying dividends for a while, but the track record isn't stellar. If the company cuts once, it definitely isn't argument against the possibility of it cutting in the future. Since 2018, the dividend has gone from $0.0301 total annually to $0.11. This implies that the company grew its distributions at a yearly rate of about 20% over that duration. It is great to see strong growth in the dividend payments, but cuts are concerning as it may indicate the payout policy is too ambitious. Growing earnings per share could be a mitigating factor when considering the past fluctuations in the dividend. We are encouraged to see that Dynacor Group has grown earnings per share at 25% per year over the past five years. Rapid earnings growth and a low payout ratio suggest this company has been effectively reinvesting in its business. Should that continue, this company could have a bright future. We should note that Dynacor Group has issued stock equal to 16% of shares outstanding. Trying to grow the dividend when issuing new shares reminds us of the ancient Greek tale of Sisyphus - perpetually pushing a boulder uphill. Companies that consistently issue new shares are often suboptimal from a dividend perspective. Overall, we like to see the dividend staying consistent, and we think Dynacor Group might even raise payments in the future. Distributions are quite easily covered by earnings, which are also being converted to cash flows. All of these factors considered, we think this has solid potential as a dividend stock. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. However, there are other things to consider for investors when analysing stock performance. As an example, we've identified 2 warning signs for Dynacor Group that you should be aware of before investing. Is Dynacor Group not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
03-03-2025
- Business
- Yahoo
Dynacor Group's (TSE:DNG) Dividend Will Be $0.0133
The board of Dynacor Group Inc. (TSE:DNG) has announced that it will pay a dividend on the 19th of March, with investors receiving $0.0133 per share. Based on this payment, the dividend yield on the company's stock will be 2.9%, which is an attractive boost to shareholder returns. Check out our latest analysis for Dynacor Group We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. However, Dynacor Group's earnings easily cover the dividend. This means that most of what the business earns is being used to help it grow. If the trend of the last few years continues, EPS will grow by 25.9% over the next 12 months. If the dividend continues on this path, the payout ratio could be 33% by next year, which we think can be pretty sustainable going forward. Even in its relatively short history, the company has reduced the dividend at least once. This suggests that the dividend might not be the most reliable. The annual payment during the last 7 years was $0.0301 in 2018, and the most recent fiscal year payment was $0.11. This implies that the company grew its distributions at a yearly rate of about 20% over that duration. Dynacor Group has grown distributions at a rapid rate despite cutting the dividend at least once in the past. Companies that cut once often cut again, so we would be cautious about buying this stock solely for the dividend income. Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. Dynacor Group has seen EPS rising for the last five years, at 26% per annum. A low payout ratio gives the company a lot of flexibility, and growing earnings also make it very easy for it to grow the dividend. An additional note is that the company has been raising capital by issuing stock equal to 16% of shares outstanding in the last 12 months. Trying to grow the dividend when issuing new shares reminds us of the ancient Greek tale of Sisyphus - perpetually pushing a boulder uphill. Companies that consistently issue new shares are often suboptimal from a dividend perspective. Overall, we like to see the dividend staying consistent, and we think Dynacor Group might even raise payments in the future. The company is easily earning enough to cover its dividend payments and it is great to see that these earnings are being translated into cash flow. Taking this all into consideration, this looks like it could be a good dividend opportunity. Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. As an example, we've identified 2 warning signs for Dynacor Group that you should be aware of before investing. If you are a dividend investor, you might also want to look at our curated list of high yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
