Dynacor on Ore Purchases Drive

Aug 12, 2023

Dynacor Group Inc, an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), announced monthly sales of US$ 23.9 million, historical highs monthly gold production of 11,619 AuEq ounces and quarterly sales of US$64.5 million.

For June 2023, gold sales amounted to US$23.9 million (C$31.8 million) (unaudited), compared to US$16.8 million (C$21.5 million) in June 2022, an increase of US$7.1 million or 42.3% over last year. This sales increase is due to increase sales volume (+34.5%) and increase sales price (+7.7%).

In June, the average selling price of gold was US$ 1,933 per ounce, compared to US$1,829 per ounce in June 2022. The month-to-month sales increased by US$2.4 million (C$2.7 million) or 11.2% over May 2023. For 2023, the Corporation forecasted sales in the range of US$210-$235 million based on an average gold price between US$1,800 and US$1,900 per ounce.

The 2023 cumulative sales at the end of June amounted to a historical high of US$121.2 million, compared to US$104.0 million for the same period of 2022, a 16.5% increase. The average selling price of gold at the end of June 2023 was US$1,923 per ounce compared to US$1,870 per ounce in 2022.

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