Business
Dynacor Group: Record Sales, EBITDA and Net Income for 2024
Dynacor Group Inc. (TSX: DNG) (“Dynacor” or the “Corporation”) toda...
About this update from Dynacor Group Inc
[{"type":"text","content":"Dynacor Group: Record Sales, EBITDA and Net Income for 2024\n\n\n .bwalignc { text-align: center; list-style-position: inside }\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.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl1 { padding-left: 5px }\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.bwwidth100 { width: 100% }\n.bwwidth15 { width: 15% }\n.bwwidth2 { width: 2% }\n.bwwidth20 { width: 20% }\n.bwwidth36 { width: 36% }\n.bwwidth40 { width: 40% }\n.bwwidth98 { width: 98% }\n \n\n\n\n\n Dynacor Group Inc. (TSX: DNG) (“Dynacor” or the “Corporation”)\n \n today announced its financial and operational results\n \n 1\n \n for the year ended December 31, 2024.\n \n\n\n 2024 Highlights\n \n\n\n\n\n Record sales, EBITDA, net income, operating cash flows and cash gross operating margin:\n \n\n\n Sales of $284.4 million, a 13.7% increase from 2023, at the top end of guidance of $265-$285 million.\n \n\n EBITDA\n \n 2\n \n of $29.5 million, a 15.7% increase from 2023.\n \n\n Net income of $16.9 million, an 11.9% increase\n \n\n from 2023, exceeding guidance of $12-$15 million.\n \n\n Operating cash flows before changes in working capital items of $21.0 million, a 12.9% increase from 2023.\n \n\n Cash gross operating margin of $327 per AuEq ounce sold\n \n 3\n \n , compared to $257 in 2023.\n \n\n\n\n\n Record ore processed:\n \n\n\n Processed 175,872 tonnes (481 tpd) of ore compared to 170,668 tonnes in 2023 (468 tpd).\n \n\n\n\n\n Gold production of 117,552 AuEq ounces\n \n , compared to 130,001 AuEq ounces in 2023.\n \n\n\n Strong supply of over 167,700 tonnes of ore,\n \n and year-end ore inventory of almost 12,000 tonnes.\n \n\n\n Solid financial position\n \n with cash\n \n\n and short-term investments of $25.8 million at year-end 2024 compared to $22.5 million at year-end 2023.\n \n\n\n Advanced international expansion plans:\n \n\n\n Senegal: Purchased a company with a mining conc...