News Bureau

June 27, 2022

Dynacor gold sales up in May by 24.2% YoY

Dynacor Gold Mines Inc, an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), today announces sales of US$19.5 million (unaudited) (C$25.1 million) for May 2022 compared to US$15.7 million in May 2021, a 24.2% increase over last year and a 10.8% month-over-month increase from the previous month sales.

During May, the Veta Dorada plant continued working at its full 430 tpd production capacity. The average selling price of gold per ounce in May was US$1,845/oz compared to US$1,873/oz in May of last year. The 2022 cumulative sales at the end of May amount to US$87.2 million compared to US$69.2 million for the same period in 2021, a 26.0% increase.

For 2022, the Corporation forecasted sales in the range of US$200 – $220 million based on US$1,800 per ounce average gold price. US$ sales are converted into CA$ using the average monthly exchange rate for the concerned month or months.


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