MONTREAL--(BUSINESS WIRE)-- Dynacor Group Inc. (TSX: DNG) (Dynacor or the Corporation) released its audited annual consolidated financial statements and the management's discussion and analysis (MD&A) for the year ended December 31, 2023.


These documents have been filed electronically with SEDAR+ at www.sedarplus.com and will be available on the Corporation's website www.dynacor.com.

(All figures in this press release are in Ms of US$ unless stated otherwise. All amounts per share are in US$. All variance % are calculated from rounded figures. Some additions might be incorrect due to rounding).

2023 OVERVIEW AND HIGHLIGHTS

OVERVIEW

Dynacor completed 2023 with both production and financial historical high performances generating its thirteenth (13th) consecutive year of profit. The Corporation achieved a production record of 130,001 AuEq ounces powering total sales to $250.2 million (CA$337.6 million), an increase of +26.7% compared to 2022 and a net income of $15.1 million (US$0.39 or CA$0.53 per share), an increase of +25.8% compared to 2022.

2023 was the first full year of operation at a processing capacity of 500 tonnes per day. Thanks to its high level of ore inventory at the opening of the year and the high volume of ore supplied and purchased, the mill has been able to operate at full capacity throughout the year averaging a new daily record processing rate of 468 tpd.

HIGHLIGHTS

Operational

Historical high ore volume supplied. Total ore volume supplied reached an all time high of 182,500 tonnes in 2023 (147,500 tonnes in 2022). Year-end ore inventory was over 21,000 tonnes representing more than 40 days of production throughput;
Highest yearly volume processed. In 2023, the Veta Dorada plant processed a historical high volume of 170,668 tonnes of ore (468 tpd average) compared to 150,819 tonnes in 2022 (413) a +13.2% increase;
Record high yearly gold production. In 2023, the gold equivalent production amounted to 130,001 AuEq ounces compared to 110,359 AuEq ounces in 2022 a +17.8% increase. see & read more on
https://dynacor.com/news/

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Dynacor Group Declares April 2024 Dividend.

MONTREAL--(BUSINESS WIRE)-- Dynacor Group Inc. (TSX: DNG) (Dynacor or the Corporation) announced its monthly dividend payment for April 2024 in the amount of C$0.01167 per common share which will be payable on April 18, 2024, to shareholders of record as of the close of business on April 10, 2024. This dividend represents the forty-ninth (49th) dividend and thirty-ninth (39th) monthly payment made to shareholders.

The Corporation’s monthly dividend qualifies as an “eligible dividend” for Canadian income tax purposes. The payment and increase of dividends are at the discretion of the Board and will depend on the Corporation’s financial results, cash requirements, prospects and other factors deemed relevant by the Board