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.
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Congratulations to Hari Krishna Group on completing 34 years of excellence, innovation, and meaningful impact. Wishing the entire team continued success and many more milestones ahead! 💐✨
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On its 34th anniversary, Hari Krishna Group hosted Master Your Health at Nehru Centre, Worli, Mumbai, where Mr. Atul Shah, Founder of Ojas Life, shared insights on holistic wellness and preventive healthcare
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On its 34th anniversary, Hari Krishna Group hosted Master Your Health at Nehru Centre, Worli, Mumbai, where Mr. Atul Shah, Founder of Ojas Life, shared insights on holistic wellness and preventive healthcare
#harikrishnaexports #hkdiamonds #kisnadiamondjewellery #hzinternational
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