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Dynacor Further Improves Financial Performance with Net Income of $5.1 Million and Record Quarterly Sales of $80 Million in Q1-2025
Dynacor Group Inc. (TSX: DNG) (“Dynacor” or the “Corporation”) toda...
About this update from Dynacor Group Inc
[{"type":"text","content":"Dynacor Further Improves Financial Performance with Net Income of $5.1 Million and Record Quarterly Sales of $80 Million in Q1-2025\n\n\n .bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistcircle { list-style-type: circle }\n.bwlistdecimal { list-style-type: decimal }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth100 { width: 100% }\n.bwwidth15 { width: 15% }\n.bwwidth30 { width: 30% }\n.bwwidth69 { width: 69% }\n.bwwidth70 { width: 70% }\n \n\n\n\n\n Dynacor Group Inc. (TSX: DNG) (“Dynacor” or the “Corporation”)\n \n today announced its unaudited financial and operational results\n \n 1\n \n for the first quarter ended March 31, 2025.\n \n\n\n Q1-2025 Highlights\n \n\n\n\n\n Record sales and robust financial results:\n \n\n\n Record sales of $80.0 million, an 18.2% increase from Q1-2024.\n \n\n EBITDA\n \n 2\n \n of $7.3 million, a 9.9% decrease from Q1-2024.\n \n\n Net income of $5.1 million, a 6.3% increase\n \n\n from Q1-2024.\n \n\n Operating cash flows before changes in working capital items of $5.8 million, a 3.6% increase from Q1-2024.\n \n\n Cash gross operating margin of $353 per AuEq ounce sold\n \n 3\n \n , compared to $305 in Q1-2024.\n \n\n\n\n\n Successful financing:\n \n 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).\n \n\n\n Steady mill performance:\n \n\n\n Processed 43,341 tonnes of ore (482 tpd) compared to 44,006 tonnes in Q1-2024 (484 tpd)\n \n\n Produced 27,050 AuEq ounces compared to 31,769 AuEq ounces in Q1-2024.\n \n\n\n\n\n 38,500 tonnes of ore supplied,\n \n and ore inventory of almost 7,000 tonnes at quarter-end.\n \n\n\n Solid financial position\n \n with cash\n \n\n and short-term investments of $59.3 million at the end of Q1-2025 compared to $25.8 million at year-end 2024.\n \n\n\n Advanced international expansion pl...