Dynacor Group Projects Strong 2023 Sales Growth
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DYNACOR GROUP PROJECTS STRONG 2023 SALES GROWTH
Montreal, March 2, 2023 – Dynacor Group Inc. (TSX-DNG) (Dynacor or the "Corporation"), an
international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), today
announced its 2023 earnings guidance, with total sales projected to increase between 6.5% and 20%
compared to 2022 sales, reaching between US$210 million and $235 million (C$284 million and $318
million).
Net income is estimated to reach between US$8.5 million and $11.5 million (between US$0.22 and $0.30
per share) (C$0.30 and $0.41 per share), and cash flow from operating activities (before changes in working
capital items) is expected to be between US$12.5 million and $15.5 million (between US$0.33 and $0.41
per share) (C$0.45 and $0.55 per share).
Sales and earnings forecasts are based on gold price estimates ranging between US$1,800 and $US1,900
per ounce and various other production assumptions, including ore grades.
Our team is fully committed to creating value for our shareholders by executing well-planned, low-risk
expansions, increasing monthly dividends, and implementing share buybacks that drive cash returns when
capital management criteria are met.
President and CEO Jean Martineau states, "Dynacor Group is committed to creating long-term value for
our shareholders, even as we navigate the challenges of today's economic environment. Our team of
talented professionals is dedicated to driving growth and implementing cost-efficient measures to support
the continued expansion of our ASM gold ore-processing business. With this unwavering commitment to
excellence, we remain optimistic about the future of our company and confident in the opportunities that lie
ahead."
To achieve these goals, Dynacor Group plans to invest up to $US 7.0 million in capital expenditures in 2023
at our Veta Dorada plant for new efficiency improvement equipment, increasing tailing pond capacity and
additional vehicles for our ore purchase team.
The Corporation has also budgeted approximately $1.0 million to advance other projects in other
jurisdictions.
Dynacor will provide regular updates throughout the year to keep shareholders informed and engaged. The
next guidance update will be provided during our quarterly earnings report in May 2023.
ABOUT DYNACOR
Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The corporation is engaged in
gold production through the processing of ore purchased from the ASM (artisanal and small-scale mining) industry. At present,
Dynacor operates in Peru, where its management and processing teams have decades of experience working with ASM miners.
It also owns a gold exploration property (Tumipampa) in the Apurimac department.
The corporation intends to expand its processing operations in other jurisdictions as well.
Dynacor produces environmental and socially responsible gold through its PX IMPACT® gold program. A growing number of
supportive firms from the fine luxury jewelry, watchmakers and investment sectors pay a small premium to our customer and strategic
partner for this PX IMPACT® gold. The premium provides direct investment to develop health and education projects for our
artisanal and small-scale miner’s communities.
Dynacor is listed on the Toronto Stock Exchange (DNG).
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
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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.
Shares Outstanding: 38,428,048
Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold
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