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As an investor, there is nothing better than finding a company you have never heard of and discovering it is a hidden gem. Dynacor Group Inc. (OTCPK:DNGDF)(TSX:DNG:CA) is a small-cap gold producer / ore processor with an impressive history of shareholder returns.
The company does not own any mines; instead, it processes ores from Peruvian artisanal miners. The savings in capital have allowed the company to own a 500 tpd mill producing over 130koz of gold in 2023 with zero debt while paying an above-sector average dividend.
I like Dynacor’s business model and would recommend that value-oriented investors take a look at the company. I rate Dynacor a speculative buy.
(Author’s note, financial figures in the article are in Canadian dollars unless otherwise stated)
Company Overview
Dynacor is a gold producer with operations based in Peru. Unlike other gold miners, Dynacor does not mine its ores….
