Dynacor Group Forecasts Sales Increase and Investment in Growth in 2025
03 Marzo 2025 - 1:30PM
Business Wire
Dynacor Group Inc. (TSX: DNG) (Dynacor or the
"Corporation"), today announced its initial 2025 outlook, which
includes a 27% increase in sales at midpoint versus 2024 realized
sales. All amounts are in US dollars unless otherwise
indicated.
2025
guidance
Sales (in millions of $ (“$M”))
345 - 375
Production (in thousands of Au Eq oz)
120 - 130
Net income (in $M)
14 - 17
Capital expenditure
Sustaining capex (in $M) – Peru
5 - 8
Capex (in $M) - Senegal
5 - 7
Guidance Overview
- Net income guidance includes a $3M operating cost to achieve
the 2025 growth plan.
- Capital expenditure at the Veta Dorada plant in Peru will be
principally used to upgrade equipment, the tailings pond, and the
employee base camp.
- Capital expenditure in Senegal includes groundwork,
procurement, construction and installation of a 50-tonne per day
pilot plant.
- Initial guidance excludes ongoing capital expenditure on other
projects in Latin America and in Africa.
A number of assumptions were made in preparing the 2025 outlook
including
- Average price of gold: between $2,800 and $3,000 per ounce
President and CEO Jean Martineau said, "2025 marks the first
year in Dynacor’s growth plan to more than triple sales by 2030. In
this foundational year, we will deliver important milestones in
Africa including construction of our pilot plant in Senegal and
completion of an environment impact study in one of our target
countries. Our 2025 guidance combines stable production with a
significant increase in revenue and investments along with ongoing
payment of our monthly dividend.”
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
company 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20250303909809/en/
For more information, please contact:
Ruth Hanna Director, Investor Relations T: 514-393-9000 #236 E:
investors@dynacor.com Website: http://www.dynacor.com
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