Dynacor Group Forecasts Sales Increase and Investment in Growth in 2025
1
Dynacor Group Forecasts Sales Increase and Investment in Growth in
2025
Montreal, March 3, 2025 – Dynacor Group Inc. (TSX : DNG) (Dynacor or the "Corporation"), 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 (in millions of $ (“$M”)) 345 - 375
Production (in thousands of Au Eq oz) 120 - 130
Net income (in $M) 14 - 17
Capital expenditure
Sustaining capex (in $M) – Peru 5 – 8
Capex (in $M) - Senegal 5 - 7
Guidance Overview
• Net income guidance includes a $3M operating cost to achieve the 2025 growth plan.
• Capital expenditure at the Veta Dorada plant in Peru will be principally used to upgrade equipment,
the tailings pond, and the employee base camp.
• Capital expenditure in Senegal includes groundwork, procurement, construction and installation of
a 50-tonne per day pilot plant.
• Initial guidance excludes ongoing capital expenditure on other projects in Latin America and in
Africa.
A number of assumptions were made in preparing the 2025 outlook including
• Average price of gold: between $2,800 and $3,000 per ounce
President and CEO Jean Martineau said, "2025 marks the first year in Dynacor’s growth plan to more than
triple sales by 2030. In this foundational year, w e will deliver important milestones in Africa including
construction of our pilot plant in Senegal and completion of an environment impact study in one of our target
countries. Our 2025 guidance combines stable production with a significant increase in revenue and
investments along with ongoing payment of our monthly dividend.”
About Dynacor
Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from
artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply
chain with stringent traceability and audit standards for t he fast -growing artisanal mining industry. By
focusing on fully and part -formalized miners, the Canadian company offers a win -win approach for
governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration
property in Peru. The company plans to expand to West Africa and within Latin America.
The premium paid by luxury jewellers for Dynacor’s PX Impact® gold goes to F idamar Foundation, an
NGO that mainly invests in health and education projects for artisanal mining communities in Peru. Visit
www.dynacor.com for more information.
2
Forward-Looking Information
Certain statements in the preceding may constitute forward-looking statements, which involve known
and unknown risks, uncertainties and other factors that may cause the actual results, performance, or
achievements of Dynacor, or industry results, to be materially different from any future result, performance
or achievement expressed or implied by such forward-looking statements. These statements reflect
management’s current expectations regarding future events and operating performance as of the date
of this news release.
Contact:
For more information, please contact:
Ruth Hanna
Director, Investor Relations
T: 514-393-9000 #236
Website: http://www.dynacor.com