Dynacor Group Inc released its audited annual consolidated financial statements and the management’s discussion and analysis (MD&A) for the year ended December 31, 2022. Dynacor completed 2022 with both production and financial historical high performances representing its twelfth (12th) consecutive year of profit.
The Corporation achieved a production record of 110,359 AuEq ounces powering total sales to $197.5 million just surpassing 2021 sales, and a net income of $12.0 million.
During the fourth quarter of 2022, the Corporation completed another plant expansion at its Veta Dorada plant, in Chala, Peru, increasing its mill capacity by an additional 16% to 500 tpd from previously 430 tpd. This capacity increase followed the 25% increase that was completed in mid-2021.
In 2022, the gold equivalent production amounted to 110,359 AuEq ounces compared to 106,862 AuEq ounces in 2021 a 3.3% increase. Total sales amounted to $197.5 million compared to $195.9 million in 2021. The $1.6 million increase is explained by higher average selling prices and quantities sold each contributing to a $0.8 million increase.
Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D
✨ Crafting New Expressions of Luxury ✨
@GJEPCIndia and @TheLeelaHotels have signed an MOU to launch exclusive hospitality benefits and special offers for GJEPC members! 💎🏨
#GJEPC #TheLeelaHotels #GJEPCIndia #Luxury #HeeraZhaveraat
Explore the future of jewellery sourcing at JGTD 2026 in Dubai, from 27–29 October!
Discover global suppliers, gems, diamonds, jewellery, and the latest innovations all under one roof.
Register for your free visitor pass: https://www.badge-registration.com/IMA_shop/JGTD26/
#hzinternational #heerazhaveraat
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
