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InvestmentPitch Media Video Discusses Dynacor Gold Mines' Report of Record Monthly Gold Production in July and Gold Sales of US$16 Million from Ore Processing in Peru - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2021) - Montreal-based Dynacor Gold ...
About this update from Dynacor Group Inc
[{"type":"text","content":"InvestmentPitch Media Video Discusses Dynacor Gold Mines' Report of Record Monthly Gold Production in July and Gold Sales of US$16 Million from Ore Processing in Peru - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - August 20, 2021) - Montreal-based Dynacor Gold Mines (TSX: DNG) (OTC Pink: DNGDF) has reported unaudited gold sales for July. Sales of gold for the month of July 2021 came in at US$16 million or approximately CDN$20 million.For more information, please view the InvestmentPitch Media \"video\" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"Dynacor\" in the search box.Cannot view this video? Visit:http://www.investmentpitch.com/video/1_spobtbdw/Dynacor-Gold-reports-record-monthly-gold-production-in-July-and-gold-sales-of-US16-million-from-ore-processing-in-PeruThe solid monthly sales are a result of purchasing more than 14,000 tonnes and processing more than 12,000 tonnes of gold ore. This was helped by a healthy gold market, with the company receiving an average of US$1,796 per ounce in July.Gold production increased to 10,383 gold equivalent ounces, a new monthly record, as throughput at the recently expanded Veta Dorada plant reached the maximum capacity of 430 tonnes per day, a significant increase over the previous 345 tonne per day throughput.The Veta Dorada plant is strategically located fifteen minutes off the Pan American Highway near Chala in southern Peru.At the beginning of the year, Dynacor issued financial guidance forecasting US$150 million in sales and net income of US$6.9 million or US$0.18 per share. In February, the company replaced the CDN$0.015 quarterly dividend with a monthly dividend of CDN$0.005, which was recently increased by 33% to CDN$0.0067 monthly. As the company is well ahead of its 2021 financial guidance, management is currently revising its 2021 sales and earnings guidance and expects to update the market with a new forecast news release in early September. Dynacor is a significant processor of gold ore, which it purchases from artisanal miners and the small-scale mining industry or \"ASMs\" in Peru, with more than 600 registered ASMs currently supplying ore.With decades of experience in Peru, consistently operating and exporting gold si...