Dynacor Announces First Quarterly Dividend Payment
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2018
Dynacor Gold Mines Inc. (Dynacor)
Symbol: DNG
Toronto Stock Exchange (TSX)
OTC: DNGDF
Shares outstanding: 39,713,877
PR-2018-08-19
DYNACOR ANNOUNCES FIRST QUARTERLY DIVIDEND PAYMENT
MONTREAL, QUEBEC – August 21, 2018 – Dynacor Gold Mines Inc. (TSX: DNG)
(OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce today that its
Board of Directors (Board) has approved the initiation of quarterly cash dividends to its
shareholders and the declaration of the first cash dividend in the company's history. The
dividend of CAD 0.01 per common share, is payable on October 1, 2018 to shareholders
of record on September 20, 2018.
Dynacor is one of the largest ore purchasing processors in Peru . With its new ore
processing facility operating at near full capacity, the Corporation is forecasting 2018 to
be its best year on reco rd. Dynacor’s stable business model is proven to withstand the
volatility of the gold price. The Corporation is free of debt, in a healthy financial situation
and working towards its 30th consecutive quarter of profits.
President and CEO, Jean Martineau states, “Our team has worked very hard to build the
Corporation to what it is today. Our solid financial situation and leadership position in our
market tells us the time is right to begin what we believe will be a lasting quarterly dividend
payment initiative. We have a strong shareholder base that has loyally provided their
support over the years. I am especially pleased to say that this long -awaited dividend
declaration together with the Corporation’s recently announced share repurchase
program are part of our strategic plan to maximize returns to our deserving shareholders”.
The declaration and payment of dividends is at the discretion of the Board and will depend
on the Corporation’s financial results, cash requirements, future prospects and other
factors deemed relevant by the Board.
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The Corporation’s dividend payments will qualify as an ‘eligible dividend’ for Canadian
income tax purposes.
ABOUT DYNACOR GOLD MINES INC.
Dynacor Gold Mines Inc. is a gold production corporation headquartered in Montreal, Canada. The
corporation is engaged in production through its government approved ore processing operations. At
present, Dynacor produces and explores in Peru where its mana gement team has decades of experience
and expertise. In 2017, Dynacor produced 79,897 ounces of gold, a 9% increase as compared with 2016
(73,477 ounces). Dynacor trades on the Toronto Stock Exchange (DNG) and the OTC in the United States
under the symbol (DNGDF).
FORWARD LOOKING INFORMATION
Certain statements in the foregoing 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.
Dynacor Gold Mines Inc. (TSX: DNG)
Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold
Facebook: facebook.com/DynacorGoldMines
For more information, please contact: Dynacor Gold Mines Inc.
Jean Martineau
President and CEO
#1105, 625 René-Lévesque Blvd.
Dynacor Gold Mines Inc.
Montreal, Quebec H3B 1R2
T: 514-393-9000 ext. 228
Dale Nejmeldeen
Director, Investor Relations
Dynacor Gold Mines Inc.
T: 604.492.0099 | M: 604.562.1348