Dynacor Group Inc. , recommends that shareholders of its common shares vote on the Gold Proxy to protect their Dynacor investment at the costly special shareholder meeting called by iolite Capital Management AG on April 16, 2025. Why is the Dissident in a Rush? Given that Dynacor's annual meeting of shareholders is set to occur just two months after the Requisitioned Meeting and all nominees hold office only until the [...]
Dynacor Group Inc. announces that it has filed a management information circular and related materials in connection with a special meeting of shareholders called by iolite Partners Ltd. scheduled for 10:00 a.m. on Wednesday, April 16, 2025. The Dissident called the meeting to attempt to elect its founder and managing director, Robert Leitz to Dynacor's board. Leitz lacks the requisite skills and experience to serve as a [...]
Dynacor Group Inc. , is pleased to announce that it has executed a conditional letter of offer and indicative terms with Pelorus Minerals Limited, a wholly owned subsidiary of Arkham Metals Limited Australia, to acquire 100% of the shares of Arkham Metals SAS for a purchase price of $9.75 million. All amounts are in US dollars unless otherwise specified. The Offer is subject to a due diligence review and final approval [...]
Dynacor Group Inc. announced its monthly dividend payment for April 2025 in the amount of C$0.01333 per common share which will be payable on April 17, 2025, to shareholders of record as of the close of business on April 10th, 2025. This dividend represents the sixty-first dividend and fifty-first monthly dividend payment made to shareholders. The Corporation's monthly dividend qualifies as an "eligible dividend" for [...]
Dynacor Group Inc. today announced its financial and operational results1 for the year ended December 31, 2024. 2024 Highlights Record sales, EBITDA, net income, operating cash flows and cash gross operating margin: Sales of $284.4 million, a 13.7% increase from 2023, at the top end of guidance of $265-$285 million. EBITDA 2 of $29.5 million, a 15.7% increase from 2023. Net income of $16.9 million, an 11.9% increase from [...]
Dynacor Group Inc. , today announced unaudited gold sales of $22.5 million in February, a 11.9% increase compared to February 2024. All figures are in US dollars unless otherwise indicated. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250318946411/en/ Monthly Highlights Gold sales reached $22.5 million in February 2025, compared to $20.1 million in February [...]
Dynacor Group Inc. , is pleased to announce that it will hold its Annual General Meeting on June 17, 2025 at 10:00 AM EDT. The shareholder meeting is being announced in response to the January 31, 2025 press release which stated that Dynacor has received a formal request from iolite Partners Ltd to requisition a meeting. Dynacor's Board of Directors has reviewed the requisition, receiving advice from professional [...]
Dynacor Group Inc. , today announced its initial 2025 outlook, which includes a 27% increase in sales at midpoint versus 2024 realized sales. All amounts are in US dollars unless otherwise indicated. 2025 guidance Sales ) 345 - 375 Production 120 - 130 Net income 14 - 17 Capital expenditure Sustaining capex - Peru 5 - 8 Capex - Senegal 5 - 7 Guidance Overview Net income guidance includes a $3M operating cost to achieve [...]
Dynacor Group Inc. announced its monthly dividend payment for March 2025 in the amount of C$0.01333 per common share which will be payable on March 19, 2025, to shareholders of record as of the close of business on March 10, 2025. This dividend represents the sixtieth dividend and fiftieth monthly dividend payment made to shareholders. The Corporation's monthly dividend qualifies as an "eligible dividend" for Canadian [...]
Dynacor Group announced unaudited gold sales of $28.7 million in Jany. All figures are in US dollars unless otherwise indicated. Gold sales reached $28.7 million in January 2025, the second-highest monthly sales, compared to $26.9 million in January 2024. The increase in sales of $1.8 million or +6.7% versus January 2024 results from an increase in the sales price offset by a decline in volume. In January, the selling [...]
Dynacor Group is pleased to update on its expansion plans within West Africa and Latin America. All figures are in US dollars unless otherwise specified. Outside Dynacor's Senegal office: Mamadou Mbaye, General Manager, with members of Team Senegal and Stéphane Lemarié, Director of Finance Dynacor's move into new jurisdictions is part of its five-year strategic plan and supports its goal of producing 500,000 AuEq ounces [...]
Dynacor Group Inc. is pleased to announce that the Corporation has closed it previously announced "best efforts" agency offering by way of prospectus supplement dated February 3, 2025 to the Corporation's base shelf prospectus dated January 28, 2025 . Pursuant to the Offering, the Corporation issued 5,750,000 common shares of the Corporation at a price of C$5.50 per Common Share for gross proceeds of C$31,625,000. "We are [...]