DNGDF - Dynacor reports 71% growth in February unaudited gold sales
2023-03-15 10:12:21 ET
- International gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), Dynacor ( TSX: DNG:CA ) reported unaudited gold sales of $28.6M for February 2023, compared to $16.7M in same month a year ago.
- The plant processed just over 13K tonnes of ore in February, operating at its full capacity of 500 tpd.
- In February, the average selling price of gold was $1,845/ounce, compared to $1,884/ounce in February 2022.
- YTD, two months cumulative sales stood at $37.2M in 2023 compared to $31.4M in 2022, an 18.5% increase.
- For 2023, the company sees sales in the range of $210M and $235M on US 1,800 and US 1,900 per ounce average gold price.
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Dynacor reports 71% growth in February unaudited gold sales