Dynacor Group Reports Sales of US$28.5 Million for September 2024 and a Quarterly Record Sales of US$76.2 Million

Date:

Mr. Jean Martineau reports:

MONTREAL / Oct 16, 2024 / Business Wire / Dynacor Group Inc. (TSX-DNG) (Dynacor or the “Corporation”), an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), today announced that it had recorded unaudited gold sales of US$28.5 million (C$38.6 million) (1) in September 2024, compared to US$19.3 million (C$26.1 million) in September 2023 a US$9.2 million or +47.7% increase compared to last year due to increases in both sales prices (+US$7.6 million) and volumes (+US$1.6 million). Total sales of US$ 76.2 million for the third quarter represent a quarterly record.

September sales represent a month-to-month increase of US$2.2 million (8.4% increase) over August 2024.

The average selling price of gold was US$2,585 per ounce, compared to US$1,891 per ounce in September 2023 as gold price continued rising reaching even…

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