Dynacor produces gold over 34K Oz

Oct 23, 2023

Dynacor Group Inc announced gold sales of US$19.3 million for September 2023, a record quarterly production of 34,103 AuEq ounces and quarterly sales of US$63.4 million in Q3-2023.

For September 2023, gold sales amounted to US$19.3 million (C$26.1 million) (1) (unaudited), compared to US$14.4 million (C$19.2 million) in September 2022, an increase of US$4.9 million or 34.0% over last year. This sales increase is due to increase sales volume (+18.1%) and increase sales price (+16.0%).

In September, the average selling price of gold was US$ 1,891 per ounce, compared to US$1,666 per ounce in September 2022.

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. It is well on track to surpass its yearly sales forecasts.

The 2023 cumulative sales at the end of September amounted to US$184.6 million, compared to US$150.0 million for the same period of 2022, a 23.1% increase. The average selling price of gold at the end of September 2023 was US$1,921 per oz compared to US$1,821 per oz in 2022. At the current rate, total 2023 sales should reach US245 million.

During September 2023, the Veta Dorada plant processed 14,503 tonnes, cumulative year to date of 126,832 tonnes.

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