Dynacor Reports Sales of US$17.3 Million (C$22.4 Million) FOR August 2022
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DYNACOR REPORTS SALES OF US$17.3 MILLION (C$22.4 MILLION) FOR
AUGUST 2022
Montreal, September 21, 2022 – Dynacor Group Inc. (TSX-DNG) (Dynacor or the "Corporation"), an
international gold ore industrial corporation servicing ASMs (artisanal and small -scale miners), today
announced gold sales of US$1 7.3 million (unaudited) (C$22.4 million) (1) for August 2022, compared to
US$20.1 million (C$25.3 million) in August 2021, a decrease of US$2.8 million or 13.9% over last year.
The average selling price of gold in August 2022 was US$1,749 per oz, compared to US$1,770 per oz last
year.
The 2022 cumulative sales at the end of August amounted to US$1 35.6 million, compared to
US$119.8 million for the same period of 2021, a 13.2% increase. The yearly average selling price of gold
at the end of August 2022 was US$1,839 per oz compared to US$1,798 per oz in 2021.
For 2022, the Corporation forecasted sales in the range of US$200 - $220 million based on a year opening
US$1,800 per ounce average gold price.
(1) sales are converted using the monthly average exchange rate
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
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: 38,718,942
Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold
CONTACT: For more information, please contact:
Director, Shareholder Relations
Dale Nejmeldeen
Dynacor Group Inc.
T: 514-393-9000 #230