Dynacor Gold Mines

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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 management team has decades of experience and...

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Dynacor Gold Mines

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Dynacor Gold Mines Inc. is a gold production corporation headquartered in Montreal, Canada. The corporation is engage......

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8020 Admin posted a press release Dynacor: Shareholders Annual Meeting Voting Results in DYNACOR GOLD MINES


MONTREAL, June 14, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (“Dynacor” or the “Corporation”) (TSX:DNG) (OTC:DNGDF) a leading ore purchasing and processing corporation servicing artisanal and small-scale miners (ASM) in Peru, announced the final results of its AGM (“annual general meeting”) of shareholders held on June 11, 2019.


A total of 15,740,223 shares representing 40.22% of the Corporation’s common shares outstanding were represented at the meeting. Dynacor’s shareholders voted in favour of all matters brought before the meeting as follows:


Election of Directors


Based on the proxies received and the votes on a show of hands, the following individuals were elected as directors of the Corporation until the next annual shareholders’ meeting, with the following results tabulated on the total votes for each proposal.


Eddy Canova 7,598,459 (59.52%), Roger Demers 12,646,877 (99.06%), Marc Duchesne 7,599,359 (59.52%), Réjean Gourde 12,651,997 (99.10%), Pierre Lépine 10,780,191 (84.44%), Jean Martineau 12,648,621 (99.07%) and Isabel Rocha 12,650,235 (99.08%).


Appointment of Raymond Chabot Grant Thornton, LLP as auditors of the Corporation


The Corporation also reports that the re-appointment of Raymond Chabot Grant Thornton, LLP as auditors for the Corporation was approved by a majority of 15,351,148 votes (99.68%) of shareholders present in person or represented by proxy at the meeting.


ABOUT DYNACOR


Dynacor is a dividend paying gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through the processing of ore purchased from artisanal and small-scale miners (ASM). At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor produced 81,314 ounces of gold, a yearly best and 1.8% increase as compared with 2017 (79,897 ounces).


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 are paying 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 to our ASM communities.


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 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.


Dynacor (TSX: DNG / OTC: DNGDF)


Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold


Shares issued and outstanding: 39,070,123 


For more information, please contact: Dynacor

Dale Nejmeldeen
Director, Shareholder Relations
Dynacor
T: (604) 492-0099 | M: (604) 562-1348
E: nejmeldeen@dynacor.com

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8020 Admin posted a press release Dynacor Signs Letter of Intent to Globally Expand Its Ore-purchasing and Processing Business in DYNACOR GOLD MINES


MONTRÉAL, June 11, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG) (OTC: DNGDF) (Dynacor or the Corporation), a leading ore purchasing and processing corporation servicing artisanal and small-scale miners (ASM) in Peru, announced today that it has signed a Letter of Intent (“LOI”) with “KN Equipments Inc.” and “Fonds Souverain d’Investissements Stratégiques” of Sénégal (“FONSIS”). The Corporation is setting in motion to strategically expand its business globally by forming a jointly-owned company to operate in Senegal. The new company would start by building an upgradable ore-processing plant in Senegal. The initial plan is for a 100-150 TPD (tonnes per day) facility with the design to double capacity to 300 TPD.


Dynacor is to operate the plant and own the majority of the company with 51% ownership. KN Equipments Inc. and FONSIS will own the balance at 25% and 24% respectively.


Subject to a seven (7) month due diligence period which is to complete before the end of 2019, the terms of the LOI anticipate Dynacor will provide the technical and legal teams. The teams are to conduct a complete accounting of potential production sites, the total number of ASM and all other pertinent data concerning the feasibility of this project. The final decision to move ahead on the project will be on or before December 31, 2019.


HISTORY


In November 2017, the Corporation paid a first visit to meet with the Senegalese government. The encouraging meetings prompted Dynacor to follow up with a second visit in February 2018. A technical team from Dynacor was sent to Senegal to evaluate the gold potential and ASM situation. During the site visit, the collection of many grab samples from several ASM operating in the area was an essential step the technical team completed. The local ASM community was welcoming to the team members and quite eager to start realizing the financial and environmental benefits in utilizing the ‘Dynacor’ value-added ore purchasing and processing advantage. As the new company would be the sole professional ore-processing facility in Senegal, the Corporation sees strong demand for its reputable and knowledgeable service. Independent analysis of the samples from the Bureau Veritas assay lab located in Abidjan, Ivory Coast confirmed the Corporation’s positive results at its Veta Dorada facility in Peru. The promising grades and metallurgical recovery rates, together with the supporting Senegalese government and enthusiasm of the local ASM community, convinced Dynacor to move forward on the LOI and the full due diligence program.


FINANCIAL TERMS


The new company would initially build a 100-150 TPD ore-processing facility, with an expandable design to 300 TPD. The budget to build the 100-150 TPD plant is approximately USD 10 Million. The new company is to invest USD 4M, of which Dynacor’s total share would amount to 51% or USD 2.04M together with KN Equipments and FONSIS investing an additional USD 1.96M. The balance of the USD 10 Million is to be financed by local Senegalese banks.


Jean Martineau, President and CEO of Dynacor, commented, “The new company would bring a logical combination of Dynacor’s ore processing leadership and twenty plus year experience together with KN Equipment’s presence in Senegal, a long-standing history of manufacturing milling processing equipment and the financial strength of the Senegalese sovereign fund FONSIS.”


“As part of Dynacor’s strategic plan to become an internationally recognized ore-processing company servicing the ASM industry worldwide, we believe this new low-risk project affords us the opportunity to significantly enhance Dynacor’s growth and leadership role on a global basis.”  


Mamadou Mbaye, Executive Vice President of Fonsis, added, “Fonsis plays an important role as it backs the strategy of the ministry of Mines and Geology. This project will help formalize gold mining activities for small and medium size legal mines.


Robert Nieminen, President of KN Equipments, commented, "We look forward to partnering with Dynacor and FONSIS to expertly enhance the Senegal ASM industry by offering top end service and superior value to Senegalese miners and their communities. As we have more than three years of providing manufacturing and mining maintenance service in Senegal, our company is quite well versed in the country's ASM space and its demand for the new company and the value it will deliver. The new company, including Dynacor, the world's undisputed ASM ore-processing leader with a sterling track record, FONSIS, a sovereign fund with financial backing from the Republic of Senegal combined with our sixty years of experience in design and manufacturing of mill processing equipment will enable a smooth, speedy development path to opening the highly anticipated plant."
  
ABOUT KN EQUIQMENTS


Founded in 1959, KN Equipements is a company based in Rouyn-Noranda (Quebec). It specializes in the design, manufacturing and distribution of mining equipment. Active in the Canadian market since its creation, it has also had a permanent office in Dakar, Senegal since 2016 as well representatives in Mali and Mexico. KN Equipements has been operating in the West African market since 2008 and is currently building a manufacturing and equipment distribution centre for the mining sector in eastern Senegal.


ABOUT FONSIS


FONSIS (Fonds Souverain d’Investissements Stratégiques) of Sénégal, is a limited company, an investment holding with a capital of FCFA 3 billion, entirely owned by the Republic of Senegal.


FONSIS was created by Law No 2012-34 of December 27, 2012, which provides for equity capital of 500 billion to be constituted in cash and asset transfers. Its governance complies with the benchmark standards (Santiago Principles which govern the functioning of the 32 largest international Sovereign Funds).


The mission of FONSIS is to promote the Senegalese government's role as a catalyst for investment, a partner of the private sector with the objectives of creating wealth and jobs and building financial reserves for present and future generations.


ABOUT DYNACOR


Dynacor is a dividend paying gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through the processing of ore purchased from artisanal and small-scale miners (ASM). At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor produced 81,314 ounces of gold, a yearly best and 1.8% increase as compared with 2017 (79,897 ounces).


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 are paying 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 to our ASM communities.


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 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.


Dynacor (TSX: DNG / OTC: DNGDF)


Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold

For more information, please contact: Dynacor
Dale Nejmeldeen
Director, Shareholder Relations
Dynacor
T: (604) 492-0099 | M: (604) 562-1348
E: nejmeldeen@dynacor.com  


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8020 Admin

15 days

8020 Admin posted a press release Dynacor Declares Its Fourth Quarterly Dividend Payment in DYNACOR GOLD MINES


MONTREAL, June 05, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce its quarterly dividend payment of CA $0.01 per common share is payable on July 3, 2019, to shareholders of record as of the close of business on June 19, 2019. The payment represents the fourth quarterly dividend payment made to shareholders. The Corporation’s quarterly dividend qualifies as an “eligible dividend” for Canadian income tax purposes.’’


The declaration and payment of dividends are at the discretion of the Board and will depend on the Corporation’s financial results, cash requirements, prospects and other factors deemed relevant by the Board.


DYNACOR’S CASH RETURN TO SHAREHOLDERS


Dynacor’s strategy to return cash to shareholders includes both the quarterly dividend payments which the Board approved in 2018 together with an active NCIB (normal course issuer bid) program. The NCIB expires on May 1, 2020.  


ABOUT DYNACOR


Dynacor is a dividend paying gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through the processing of ore purchased from artisanal and small-scale miners (ASM). At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor produced 81,314 ounces of gold, a yearly best and 1.8% increase as compared with 2017 (79,897 ounces).


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 are paying 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 to our ASM communities.


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 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.


Dynacor (TSX: DNG / OTC: DNGDF)
Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold


For more information, please contact:  Dynacor


Dale Nejmeldeen
Director, Shareholder Relations
Dynacor
T: 604.492.0099 | M: 604.562.1348
E: nejmeldeen@dynacor.com 


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8020 Admin

22 days

8020 Admin posted a press release Tumipampa: Dynacor Signs Mining and Mineral Purchase Agreements with Artisanal Miners in DYNACOR GOLD MINES


MONTRÉAL, May 29, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce the signing of agreements to mine and purchase mineralized material from its Tumipampa property with a group of local artisanal miners.


Dynacor has developed an expertise of more than 20 years working in Peru with hundreds of artisanal miners working across the country.  These agreements are the first to be concluded with artisanal miners on one of the Corporation’s own properties.


The mining agreement signed by its Peruvian subsidiary Minera Veta Dorada SAC "Veta Dorada", authorizes this group of miners to carry out extraction work on a 5.7- hectare section in the high-grade vein zone where Dynacor has carried out major underground exploration programs in the past.


The group of artisanal miners began mining in mid-May and first deliveries are expected in the coming days. All the mineralized material produced by these miners will be purchased by Veta Dorada on negotiated terms and will then be transported and processed at its processing plant in Chala.


The artisanal mining sector covered by this agreement is located outside the exploration zone planned for the next drilling campaign at Tumipampa (disseminated and brecciated mineralization zone).


Tumipampa Exploration


The Corporation applied for a new exploration permit covering a larger section of the property. This permit application was submitted to the MEM in March 2018 and we are still waiting for this permit to be granted. Drilling will begin as soon as it is received.


ABOUT DYNACOR


Dynacor is a dividend paying gold production Corporation headquartered in Montreal, Canada. The Corporation is engaged in production through the processing of ore purchased from small scale artisanal miners. At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor produced 81,314 ounces of gold, a yearly best and 1.8% increase as compared with 2017 (79,897 ounces).


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 are paying 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 to our small-scale artisanal miner's communities.


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 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.


Dynacor (TSX: DNG / OTC: DNGDF)


Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold


For more information, please contact:


Dale Nejmeldeen
Director, Shareholder Relations
Dynacor
T: 604.492.0099 | M: 604.562.1348
E: nejmeldeen@dynacor.com 


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8020 Admin

1 month

8020 Admin posted a press release Q1-2019: Dynacor Reports its 32nd Consecutive Quarter of Profit With a Net Income of US$ 1.2 M in DYNACOR GOLD MINES

MONTREAL, May 13, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) a Corporation with gold and silver ore processing operations and exploration projects in Peru, has released its unaudited condensed consolidated financial statements and the management's discussion and analysis (MD&A) for the three-month period ended March 31, 2019.


These documents have been filed electronically with SEDAR at www.sedar.com and will be available on the Corporation's website www.dynacor.com.


(All figures in this press release are in millions of US$ unless stated otherwise. Earnings per share and cash flow per share are in US$. All variance % are calculated from rounded figures. Some additions might be incorrect due to rounding).


For the three-month period ended March 31, 2019, Dynacor completed its thirty second (32nd) consecutive quarter of profits with a net income of $1.2 M ($0.03 per share), compared to $1.6 M ($0.04 per share) for the same period of 2018.


Q1-2019 OVERVIEW AND HIGHLIGHTS


With a similar volume processed (20,814 tonnes in Q1-2019 vs. 21,035 tonnes in Q1-2018) our production is down by 16.1% compared to Q1-2018 (16,000 ounces in Q1-2019 vs. 19,072 ounces in Q1-2018). This decrease is mainly explained by a 13.1% decrease in the average grade of the available ore purchased and processed.


Operational



  • Volume of ore processed of 20,814 tonnes of ore ‘’DMT’’ compared to 21,035 DMT in Q1-2018;

  • Gold production of 16,000 ounces, a decrease of 16.1% compared to Q1-2018 due to the reduced grades.


Financial



  • 32nd consecutive quarter of profits;

  • Sales of $22.9 M in Q1-2019, a decrease of 13.9% compared to Q1-2018;

  • Gross operating margin of $2.8 M (12.2%) in Q1-2019, a decrease of 22.2% compared to Q1-2018;

  • Net income of $1.2 M ($0.03 per share) in Q1-2019, a decrease of 25.0% compared to Q1-2018;

  • EBITDA (1) of $2.5 M, a decrease of 16.7% compared to Q1-2018;

  • Cash flow from operating activities before change in working capital items of $1.9 M and $0.05 per share (2) a decrease of 24.0% compared to Q1-2018.


Cash Return to Shareholders



  • Quarterly dividend of CA$0.01 per share and totaling $0.3 M paid in January 2019;

  • Approval from the Toronto Stock Exchange (TSX) of the new normal course issuer bid (NCIB), under which Dynacor may purchase, for cancellation, up to 3,273,485 common shares or approximately 10% of its public float as of April 17, 2019.


Jean Martineau President and CEO commented: “A longer rainy season in Peru lasting from early January to mid April 2019 affected general gold production from artisanal miners in the country including areas of higher-grade procurement. The grade of available ore was also lower than usual. This had a direct impact on our Q1 production. Nevertheless, the first quarter production has historically been the lowest production quarter for the Corporation. Therefore, we maintain our production forecast which we will monitor over the next months’’.


(1) EBITDA: “Earnings before interest, taxes and depreciation” is a non-IFRS financial performance measure with no standard definition under IFRS. It is therefore possible that this measure could not be comparable with a similar measure of another corporation. The Corporation uses this non-IFRS measure as an indicator of the cash generated by the operations and allows investor to compare the profitability of the Corporation with others by canceling effects of different assets bases, effects due to different tax structures as well as the effects of different capital structures.


(2) Cash-flow per share is a non-IFRS financial performance measure with no standard definition under IFRS. It is therefore possible that this measure could not be comparable with a similar measure of another corporation. The Corporation uses this non-IFRS measure which can also be helpful to investors as it provides a result which can be compared with the Corporation market share price.


Read more here: https://www.quotemedia.com/portal/quote?qm_symbol=DNG%3ACA&qmodStoryID=8533181430596389 

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8020 Admin

2 months

8020 Admin posted a press release Dynacor Receives TSX Approval to Renew Normal Course Issuer Bid in DYNACOR GOLD MINES

MONTREAL, April 30, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce that the Toronto Stock Exchange (TSX) has approved the Corporation's request to establish a normal course issuer bid (NCIB), through which Dynacor may purchase, for cancellation, up to 3,273,485 common shares or approximately 10% of its public float as of April 17, 2019. The number of issued and outstanding common shares of Dynacor was 39,139,373 and the public float was 32,734,859 as of April 17, 2019.


Dynacor is in a financially strong position to continue to return a portion of its cash to its shareholders through the NCIB. Additionally, it is reviewing other value-added opportunities which could further contribute to enhancing shareholder value.


The Corporation may purchase shares under the NCIB over a period of twelve months commencing on May 2, 2019, and ending May 1, 2020, when the bid expires. NCIB purchases will be made through the facilities of the TSX and certain Alternative Trading Systems, and the price for any repurchased shares will be the prevailing market price at the time of the acquisition. All common shares purchased by the Corporation will be cancelled. The number of shares repurchased on any given day may not exceed 6,387 common shares, which is equal to 25% of the average daily trading volume on the TSX for the period of six months ending March 31, 2019, except where purchases are in accordance with the “block purchase exception” of the TSX rules. The average daily volume for this period was calculated in accordance with the rules of the TSX and is equal to 25,549 common shares.


The NCIB represents a proper utilization of Dynacor’s available funds as part of the Corporation’s capital management strategy and is being established to enhance shareholder value.


The extent to which Dynacor repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations, as determined by Dynacor's management team. The Corporation will use funds from its existing cash balances to purchase the shares.


Under the previously approved NCIB, which commenced on April 23, 2018, and terminated on April 22, 2019, Dynacor could repurchase up to 1,982,717 common shares. The actual number of common shares repurchased under the previous program was 837,355, with a weighted average price of $1.68 per common share. The purchases under the previous program have been effected through the facilities of the TSX as well as certain Alternative Trading Systems.


ABOUT DYNACOR


Dynacor is a dividend paying gold production Corporation headquartered in Montreal, Canada. The Corporation is engaged in production through the processing of ore purchased from small scale artisanal miners. At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor produced 81,314 ounces of gold, a yearly best and 1.8% increase as compared with 2017 (79,897 ounces).


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 are paying 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 to our small-scale artisanal miner's communities.


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 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.


Dynacor (TSX: DNG / OTC: DNGDF)


Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold


For more information, please contact:


Dale Nejmeldeen
Director, Shareholder Relations
Dynacor
T: 604.492.0099 | M: 604.562.1348
E: nejmeldeen@dynacor.com 

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8020 Admin

3 months

8020 Admin posted a press release Dynacor Reports Net Income of US$ 4.8 M in 2018; a 26% Increase in DYNACOR GOLD MINES

MONTREAL, April 01, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) a Corporation with gold and silver ore processing operations and exploration projects in Peru, has released its audited consolidated financial statements and the management's discussion and analysis (MD&A) for the year ended December 31, 2018.


These documents have been filed electronically with SEDAR at www.sedar.com and will be available on the Corporation's website www.dynacor.com.


(All figures in this press release are in millions of US$ unless stated otherwise. Earnings per share and cash-flow per share are in US$. All variance % are calculated from rounded figures. Some additions might be incorrect due to rounding).


The financial results for 2018 reflect Dynacor’s eighth consecutive year of profits as the Corporation recorded a net income of $4.8 M ($0.12 per share), an increase of 26.3% compared to 2017.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=DNG%3ACC&qmodStoryID=4606070252443531 

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8020 Admin

3 months

8020 Admin posted a press release Dynacor Declares Third Quarterly Dividend Payment in DYNACOR GOLD MINES

MONTREAL, March 12, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce its quarterly dividend payment of CA $0.01 per common share is payable on April 3, 2019 to shareholders of record as of the close of business on March 20, 2019. The payment represents the third quarterly dividend payment made to shareholders. The Corporation’s quarterly dividend qualifies as an “eligible dividend” for Canadian income tax purposes.’’


The declaration and payment of dividends are at the discretion of the Board and will depend on the Corporation’s financial results, cash requirements, prospects and other factors deemed relevant by the Board.


DYNACOR’S CASH RETURN TO SHAREHOLDERS


Dynacor’s strategy to return cash to shareholders includes both the quarterly dividend payments which the Board approved in 2018 together with an active NCIB (normal course issuer bid) program.   


Since inception Dynacor has paid dividends to its shareholders amounting to CA $0.02 per share. As of April 23, 2018, the NCIB initiation date, the Corporation has repurchased 747,575 common shares for a total cash consideration of CA $1,275,270. 


ABOUT DYNACOR


Dynacor is a dividend-growth gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through the processing of ore purchased from small scale artisanal miners. At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor finished with 81,314 ounces of gold production, a yearly best and 1.8% increase as compared with 2017 (79,897 ounces).


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 (TSX: DNG / OTC: DNGDF)


Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold

For more information, please contact:  Dynacor


Dale Nejmeldeen
Director, Shareholder Relations
Dynacor
T: 604.492.0099 | M: 604.562.1348
E: nejmeldeen@dynacor.com 

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8020 Admin

4 months

8020 Admin posted a press release February 20th Virtual Investor Conferences Company Investor Presentations Now Available for On-Demand Viewing in DYNACOR GOLD MINES

Individual and institutional investors as well as advisors are invited to log-on to VirtualInvestorConferences.com to view presentations



NEW YORK, Feb. 25, 2019 /PRNewswire/ -- Virtual Investor Conferences, the leading proprietary investor conference series, announced that the presentations from the February 20th, 2019 conference are now available for on-demand viewing at VirtualInvestorConferences.com.


LINK:  https://tinyurl.com/Feb20-Post


The company presentations will be available 24/7 for 90 days. Investors, advisors and analysts may download shareholder materials from the "virtual trade booth" for the next three weeks.


February 20th Agenda:







































Company Name



Ticker



Cobalt 27 Capital Corp.



(OTCQX: CBLLF | TSXV: KBLT )



RavenQuest BioMed Inc.



(OTCQB: RVVQF | CSE: RQB )



Helix TCS, Inc.



(OTCQB: HLIX)



Dynacor Gold Mines Inc.



(Pink: DNGDF | TSX: DNG)



Merion, Inc.



(OTCQB: EWLU)



BioCorRx Inc.



(OTCQB: BICX)



Rover Metals Corp.



(OTCQB: ROVMF | TSXV: ROVR)




Learn more about the event at www.VirtualInvestorConferences.com.


About Virtual Investor Conferences


Virtual Investor Conferences is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.


A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access.  Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.


Media Contact: 
OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com


Virtual Investor Conferences Contact:
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com



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8020 Admin

4 months

8020 Admin posted a press release Dynacor to Webcast Live at VirtualInvestorConferences.com February 20th in DYNACOR GOLD MINES

Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com



MONTREAL, Feb. 15, 2019 /PRNewswire/ -- Dynacor (TSX: DNG) (OTC Pink: DNGDF), based in Montreal, Canada, focused on purchasing and processing gold ore, today announced that Jean Martineau, President and CEO, will present live at VirtualInvestorConferences.com on February 20th.


DATE: Wednesday, February 20th  
TIME: 11:30 am ET
LINK: https://tinyurl.com/0220prepr


This will be a live, interactive online event where investors are invited to ask the company questions in real-time - both in the presentation hall as well as the organization's "virtual trade booth." If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.


It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.


Learn more about the event at www.VirtualInvestorConferences.com.


Recent Company Highlights



  • A unique model that proves how to consistently profit in a volatile gold market;

  • A free of debt company buying back its shares;

  • A successful cash flow generator working to its 31st consecutive quarter of profit;

  • A dividend growth company providing income stream to its shareholders.


About Dynacor


Dynacor Gold Mines Inc. is a gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through its government licensed ore processing operations.


About Virtual Investor Conferences


Virtual Investor Conferences is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.


A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access.  Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.


CONTACTS:
Dynacor
Dale Nejmeldeen
Director, Shareholder Relations
(604) 492-0099
nejmeldeen@dynacor.com


Virtual Investor Conferences
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com



(PRNewsfoto/VirtualInvestorConferences.com)



Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/dynacor-to-webcast-live-at-virtualinvestorconferencescom-february-20th-300796416.html



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8020 Admin

5 months

8020 Admin posted a press release Dynacor Announces its 2018 Gold Production in DYNACOR GOLD MINES

MONTREAL, Jan. 18, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG) (OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce today its 2018 gold production from its Veta Dorada Plant in Chala, Peru.


In 2018, the Corporation achieved a new record level of production as it ended the year with gold production of 81,314 ounces, an increase of 1,8 % compared to 2017 (79,897 ounces).


In December, the Corporation recorded its highest gold production month for 2018 as it processed 8,601 DMT of ore and produced 8,021 ounces of gold. Gold production in December was 20,4 % higher than the 2018 year to date monthly average.


For 2018, the Veta-Dorada plant processed a total of 91,512 DMT of gold mineralized material compared to 76,918 DMT in 2017 a significant increase of 19,0%. The total volume of ore purchased in 2018, amounted to 90,977 DMT (including 9,136 DMT in December) compared to 77,741 in 2017 an increase of 17,0%.


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 ore processing operations. At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor produced 81,314 ounces of gold, a yearly best and 1,8% increase as compared with 2017 (79,897 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 / OTC: DNGDF)


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
E: nejmeldeen@dynacor.com 

Images accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/1fabe4cf-df9b-4a9e-a884-a1e94e75f3f0


http://www.globenewswire.com/NewsRoom/AttachmentNg/5ff80242-96e7-47fb-aad8-b23c6882fa03


http://www.globenewswire.com/NewsRoom/AttachmentNg/1dc15e47-f238-4d3b-abae-ccb93d0ab1b3

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8020 Admin

6 months

8020 Admin posted a press release Dynacor Produces 6,277 Ounces of Gold in November in DYNACOR GOLD MINES


MONTREAL, Dec. 21, 2018 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce today its November gold production results at its Veta Dorada Plant in Chala, Peru.


























Figure 1
  Monthly gold production (in oz.) at the Veta Dorada Plant 2018





In November, the Corporation processed 7,964 DMT of ore and produced 6,277 ounces of gold for cumulative gold production of 73,293 ounces thus far in 2018. The November production was mainly affected by a 13.1% decrease in ore grade compared to the previous month when it produced 7,352 ounces of gold over a volume of 8,126 DMT processed in October 2018.


Overall, after eleven months in 2018, the Veta Dorada plant has processed 82,911 DMT of gold mineralized material which represents a significant 21.4% increase compared to the 68,309 DMT processed for that same period in 2017.


Dynacor, the largest publicly owned ore processing company in Peru has a proven and long history of purchasing high-grade ore in the country. The Corporation expects to report in 2018, its historical best annual gold production.

A photo accompanying this announcement is available at:

Figure 1: http://www.globenewswire.com/NewsRoom/AttachmentNg/1c4ade65-f3e2-421b-91c8-1ba08170aef8


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 ore processing operations. At present, Dynacor produces and explores in Peru where its management 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 / OTC: DNGDF)


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 
E: nejmeldeen@dynacor.com 


logo Dynacor.png



 

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8020 Admin

7 months

8020 Admin posted a press release Dynacor Declares Second Quarterly Dividend Payment in DYNACOR GOLD MINES

MONTREAL, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce that a quarterly dividend payment of CAD$0.01 per common share will be paid on January 3, 2019 to shareholders of record as of the close of business on December 19, 2018. The payment represents the second quarterly dividend payment made to shareholders following the Corporation’s first ever dividend payment in October 2018. The Corporation’s quarterly dividend qualifies as an “eligible dividend” for Canadian income tax purposes.


Dynacor has just completed its 30th consecutive quarter of profits and expects 2018 to be its most productive year since the start of its operations. With its proven business model, management is engaged in its new strategic plan defined earlier this year and to continue to increase its gold production in the upcoming months and years.


The declaration and payment of dividends is at the discretion of the Board and will depend on the Corporation’s financial results, cash requirements, prospects and other factors deemed relevant by the Board.


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 management 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 / OTC: DNGDF)


Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold
Facebook: facebook.com/DynacorGoldMines


Shares outstanding: 39,524,977


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
E: nejmeldeen@dynacor.com

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8020 Admin

7 months

8020 Admin posted a press release Dynacor Produces 7,352 Ounces of Gold in October, Its Best 2018 Monthly Results in DYNACOR GOLD MINES

MONTREAL, Nov. 21, 2018 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce today its October gold production results, which were the best monthly gold production results in 2018.


























Figure 1
  Monthly gold production (in oz.) at the Veta Dorada Plant 2018





In October, the Corporation produced 7 352 ounces of gold, a 11% monthly average increase from the previous nine months. The total amount of ore purchased in October also increased by 11% compared to the average of the previous nine months.


Dynacor, the largest publicly owned ore processing company in Peru has a proven and long history of purchasing high-grade ore in the country. As history illustrates, gold production is highest during the last quarter of the year (Oct-Dec). The Corporation expects to report its best quarter for 2018 at approximately 22,500 ounces for an annual total of 82,000 ounces of gold, a 2.6% year over year increase and all-time high over Dynacor’s last decade of production.


To view the image associated with this press release, please visit the following link: 


Figure 1: http://www.globenewswire.com/NewsRoom/AttachmentNg/da2dcbc7-ef0c-4cbf-a968-9b371afa079c 


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 management 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 / OTC: DNGDF)


Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold
Facebook: facebook.com/DynacorGoldMines


Shares outstanding: 39,556,577


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
E: nejmeldeen@dynacor.com 

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Dynacor Gold Mines

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8020 Admin posted a press release Dynacor: Shareholders Annual Meeting Voting Results in DYNACOR GOLD MINES


MONTREAL, June 14, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (“Dynacor” or the “Corporation”) (TSX:DNG) (OTC:DNGDF) a leading ore purchasing and processing corporation servicing artisanal and small-scale miners (ASM) in Peru, announced the final results of its AGM (“annual general meeting”) of shareholders held on June 11, 2019.


A total of 15,740,223 shares representing 40.22% of the Corporation’s common shares outstanding were represented at the meeting. Dynacor’s shareholders voted in favour of all matters brought before the meeting as follows:


Election of Directors


Based on the proxies received and the votes on a show of hands, the following individuals were elected as directors of the Corporation until the next annual shareholders’ meeting, with the following results tabulated on the total votes for each proposal.


Eddy Canova 7,598,459 (59.52%), Roger Demers 12,646,877 (99.06%), Marc Duchesne 7,599,359 (59.52%), Réjean Gourde 12,651,997 (99.10%), Pierre Lépine 10,780,191 (84.44%), Jean Martineau 12,648,621 (99.07%) and Isabel Rocha 12,650,235 (99.08%).


Appointment of Raymond Chabot Grant Thornton, LLP as auditors of the Corporation


The Corporation also reports that the re-appointment of Raymond Chabot Grant Thornton, LLP as auditors for the Corporation was approved by a majority of 15,351,148 votes (99.68%) of shareholders present in person or represented by proxy at the meeting.


ABOUT DYNACOR


Dynacor is a dividend paying gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through the processing of ore purchased from artisanal and small-scale miners (ASM). At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor produced 81,314 ounces of gold, a yearly best and 1.8% increase as compared with 2017 (79,897 ounces).


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 are paying 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 to our ASM communities.


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 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.


Dynacor (TSX: DNG / OTC: DNGDF)


Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold


Shares issued and outstanding: 39,070,123 


For more information, please contact: Dynacor

Dale Nejmeldeen
Director, Shareholder Relations
Dynacor
T: (604) 492-0099 | M: (604) 562-1348
E: nejmeldeen@dynacor.com

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8020 Admin posted a press release Dynacor Signs Letter of Intent to Globally Expand Its Ore-purchasing and Processing Business in DYNACOR GOLD MINES


MONTRÉAL, June 11, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG) (OTC: DNGDF) (Dynacor or the Corporation), a leading ore purchasing and processing corporation servicing artisanal and small-scale miners (ASM) in Peru, announced today that it has signed a Letter of Intent (“LOI”) with “KN Equipments Inc.” and “Fonds Souverain d’Investissements Stratégiques” of Sénégal (“FONSIS”). The Corporation is setting in motion to strategically expand its business globally by forming a jointly-owned company to operate in Senegal. The new company would start by building an upgradable ore-processing plant in Senegal. The initial plan is for a 100-150 TPD (tonnes per day) facility with the design to double capacity to 300 TPD.


Dynacor is to operate the plant and own the majority of the company with 51% ownership. KN Equipments Inc. and FONSIS will own the balance at 25% and 24% respectively.


Subject to a seven (7) month due diligence period which is to complete before the end of 2019, the terms of the LOI anticipate Dynacor will provide the technical and legal teams. The teams are to conduct a complete accounting of potential production sites, the total number of ASM and all other pertinent data concerning the feasibility of this project. The final decision to move ahead on the project will be on or before December 31, 2019.


HISTORY


In November 2017, the Corporation paid a first visit to meet with the Senegalese government. The encouraging meetings prompted Dynacor to follow up with a second visit in February 2018. A technical team from Dynacor was sent to Senegal to evaluate the gold potential and ASM situation. During the site visit, the collection of many grab samples from several ASM operating in the area was an essential step the technical team completed. The local ASM community was welcoming to the team members and quite eager to start realizing the financial and environmental benefits in utilizing the ‘Dynacor’ value-added ore purchasing and processing advantage. As the new company would be the sole professional ore-processing facility in Senegal, the Corporation sees strong demand for its reputable and knowledgeable service. Independent analysis of the samples from the Bureau Veritas assay lab located in Abidjan, Ivory Coast confirmed the Corporation’s positive results at its Veta Dorada facility in Peru. The promising grades and metallurgical recovery rates, together with the supporting Senegalese government and enthusiasm of the local ASM community, convinced Dynacor to move forward on the LOI and the full due diligence program.


FINANCIAL TERMS


The new company would initially build a 100-150 TPD ore-processing facility, with an expandable design to 300 TPD. The budget to build the 100-150 TPD plant is approximately USD 10 Million. The new company is to invest USD 4M, of which Dynacor’s total share would amount to 51% or USD 2.04M together with KN Equipments and FONSIS investing an additional USD 1.96M. The balance of the USD 10 Million is to be financed by local Senegalese banks.


Jean Martineau, President and CEO of Dynacor, commented, “The new company would bring a logical combination of Dynacor’s ore processing leadership and twenty plus year experience together with KN Equipment’s presence in Senegal, a long-standing history of manufacturing milling processing equipment and the financial strength of the Senegalese sovereign fund FONSIS.”


“As part of Dynacor’s strategic plan to become an internationally recognized ore-processing company servicing the ASM industry worldwide, we believe this new low-risk project affords us the opportunity to significantly enhance Dynacor’s growth and leadership role on a global basis.”  


Mamadou Mbaye, Executive Vice President of Fonsis, added, “Fonsis plays an important role as it backs the strategy of the ministry of Mines and Geology. This project will help formalize gold mining activities for small and medium size legal mines.


Robert Nieminen, President of KN Equipments, commented, "We look forward to partnering with Dynacor and FONSIS to expertly enhance the Senegal ASM industry by offering top end service and superior value to Senegalese miners and their communities. As we have more than three years of providing manufacturing and mining maintenance service in Senegal, our company is quite well versed in the country's ASM space and its demand for the new company and the value it will deliver. The new company, including Dynacor, the world's undisputed ASM ore-processing leader with a sterling track record, FONSIS, a sovereign fund with financial backing from the Republic of Senegal combined with our sixty years of experience in design and manufacturing of mill processing equipment will enable a smooth, speedy development path to opening the highly anticipated plant."
  
ABOUT KN EQUIQMENTS


Founded in 1959, KN Equipements is a company based in Rouyn-Noranda (Quebec). It specializes in the design, manufacturing and distribution of mining equipment. Active in the Canadian market since its creation, it has also had a permanent office in Dakar, Senegal since 2016 as well representatives in Mali and Mexico. KN Equipements has been operating in the West African market since 2008 and is currently building a manufacturing and equipment distribution centre for the mining sector in eastern Senegal.


ABOUT FONSIS


FONSIS (Fonds Souverain d’Investissements Stratégiques) of Sénégal, is a limited company, an investment holding with a capital of FCFA 3 billion, entirely owned by the Republic of Senegal.


FONSIS was created by Law No 2012-34 of December 27, 2012, which provides for equity capital of 500 billion to be constituted in cash and asset transfers. Its governance complies with the benchmark standards (Santiago Principles which govern the functioning of the 32 largest international Sovereign Funds).


The mission of FONSIS is to promote the Senegalese government's role as a catalyst for investment, a partner of the private sector with the objectives of creating wealth and jobs and building financial reserves for present and future generations.


ABOUT DYNACOR


Dynacor is a dividend paying gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through the processing of ore purchased from artisanal and small-scale miners (ASM). At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor produced 81,314 ounces of gold, a yearly best and 1.8% increase as compared with 2017 (79,897 ounces).


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 are paying 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 to our ASM communities.


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 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.


Dynacor (TSX: DNG / OTC: DNGDF)


Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold

For more information, please contact: Dynacor
Dale Nejmeldeen
Director, Shareholder Relations
Dynacor
T: (604) 492-0099 | M: (604) 562-1348
E: nejmeldeen@dynacor.com  


Primary Logo


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8020 Admin

15 days

8020 Admin posted a press release Dynacor Declares Its Fourth Quarterly Dividend Payment in DYNACOR GOLD MINES


MONTREAL, June 05, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce its quarterly dividend payment of CA $0.01 per common share is payable on July 3, 2019, to shareholders of record as of the close of business on June 19, 2019. The payment represents the fourth quarterly dividend payment made to shareholders. The Corporation’s quarterly dividend qualifies as an “eligible dividend” for Canadian income tax purposes.’’


The declaration and payment of dividends are at the discretion of the Board and will depend on the Corporation’s financial results, cash requirements, prospects and other factors deemed relevant by the Board.


DYNACOR’S CASH RETURN TO SHAREHOLDERS


Dynacor’s strategy to return cash to shareholders includes both the quarterly dividend payments which the Board approved in 2018 together with an active NCIB (normal course issuer bid) program. The NCIB expires on May 1, 2020.  


ABOUT DYNACOR


Dynacor is a dividend paying gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through the processing of ore purchased from artisanal and small-scale miners (ASM). At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor produced 81,314 ounces of gold, a yearly best and 1.8% increase as compared with 2017 (79,897 ounces).


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 are paying 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 to our ASM communities.


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 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.


Dynacor (TSX: DNG / OTC: DNGDF)
Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold


For more information, please contact:  Dynacor


Dale Nejmeldeen
Director, Shareholder Relations
Dynacor
T: 604.492.0099 | M: 604.562.1348
E: nejmeldeen@dynacor.com 


Primary Logo


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8020 Admin

22 days

8020 Admin posted a press release Tumipampa: Dynacor Signs Mining and Mineral Purchase Agreements with Artisanal Miners in DYNACOR GOLD MINES


MONTRÉAL, May 29, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce the signing of agreements to mine and purchase mineralized material from its Tumipampa property with a group of local artisanal miners.


Dynacor has developed an expertise of more than 20 years working in Peru with hundreds of artisanal miners working across the country.  These agreements are the first to be concluded with artisanal miners on one of the Corporation’s own properties.


The mining agreement signed by its Peruvian subsidiary Minera Veta Dorada SAC "Veta Dorada", authorizes this group of miners to carry out extraction work on a 5.7- hectare section in the high-grade vein zone where Dynacor has carried out major underground exploration programs in the past.


The group of artisanal miners began mining in mid-May and first deliveries are expected in the coming days. All the mineralized material produced by these miners will be purchased by Veta Dorada on negotiated terms and will then be transported and processed at its processing plant in Chala.


The artisanal mining sector covered by this agreement is located outside the exploration zone planned for the next drilling campaign at Tumipampa (disseminated and brecciated mineralization zone).


Tumipampa Exploration


The Corporation applied for a new exploration permit covering a larger section of the property. This permit application was submitted to the MEM in March 2018 and we are still waiting for this permit to be granted. Drilling will begin as soon as it is received.


ABOUT DYNACOR


Dynacor is a dividend paying gold production Corporation headquartered in Montreal, Canada. The Corporation is engaged in production through the processing of ore purchased from small scale artisanal miners. At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor produced 81,314 ounces of gold, a yearly best and 1.8% increase as compared with 2017 (79,897 ounces).


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 are paying 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 to our small-scale artisanal miner's communities.


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 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.


Dynacor (TSX: DNG / OTC: DNGDF)


Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold


For more information, please contact:


Dale Nejmeldeen
Director, Shareholder Relations
Dynacor
T: 604.492.0099 | M: 604.562.1348
E: nejmeldeen@dynacor.com 


Primary Logo


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8020 Admin

1 month

8020 Admin posted a press release Q1-2019: Dynacor Reports its 32nd Consecutive Quarter of Profit With a Net Income of US$ 1.2 M in DYNACOR GOLD MINES

MONTREAL, May 13, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) a Corporation with gold and silver ore processing operations and exploration projects in Peru, has released its unaudited condensed consolidated financial statements and the management's discussion and analysis (MD&A) for the three-month period ended March 31, 2019.


These documents have been filed electronically with SEDAR at www.sedar.com and will be available on the Corporation's website www.dynacor.com.


(All figures in this press release are in millions of US$ unless stated otherwise. Earnings per share and cash flow per share are in US$. All variance % are calculated from rounded figures. Some additions might be incorrect due to rounding).


For the three-month period ended March 31, 2019, Dynacor completed its thirty second (32nd) consecutive quarter of profits with a net income of $1.2 M ($0.03 per share), compared to $1.6 M ($0.04 per share) for the same period of 2018.


Q1-2019 OVERVIEW AND HIGHLIGHTS


With a similar volume processed (20,814 tonnes in Q1-2019 vs. 21,035 tonnes in Q1-2018) our production is down by 16.1% compared to Q1-2018 (16,000 ounces in Q1-2019 vs. 19,072 ounces in Q1-2018). This decrease is mainly explained by a 13.1% decrease in the average grade of the available ore purchased and processed.


Operational



  • Volume of ore processed of 20,814 tonnes of ore ‘’DMT’’ compared to 21,035 DMT in Q1-2018;

  • Gold production of 16,000 ounces, a decrease of 16.1% compared to Q1-2018 due to the reduced grades.


Financial



  • 32nd consecutive quarter of profits;

  • Sales of $22.9 M in Q1-2019, a decrease of 13.9% compared to Q1-2018;

  • Gross operating margin of $2.8 M (12.2%) in Q1-2019, a decrease of 22.2% compared to Q1-2018;

  • Net income of $1.2 M ($0.03 per share) in Q1-2019, a decrease of 25.0% compared to Q1-2018;

  • EBITDA (1) of $2.5 M, a decrease of 16.7% compared to Q1-2018;

  • Cash flow from operating activities before change in working capital items of $1.9 M and $0.05 per share (2) a decrease of 24.0% compared to Q1-2018.


Cash Return to Shareholders



  • Quarterly dividend of CA$0.01 per share and totaling $0.3 M paid in January 2019;

  • Approval from the Toronto Stock Exchange (TSX) of the new normal course issuer bid (NCIB), under which Dynacor may purchase, for cancellation, up to 3,273,485 common shares or approximately 10% of its public float as of April 17, 2019.


Jean Martineau President and CEO commented: “A longer rainy season in Peru lasting from early January to mid April 2019 affected general gold production from artisanal miners in the country including areas of higher-grade procurement. The grade of available ore was also lower than usual. This had a direct impact on our Q1 production. Nevertheless, the first quarter production has historically been the lowest production quarter for the Corporation. Therefore, we maintain our production forecast which we will monitor over the next months’’.


(1) EBITDA: “Earnings before interest, taxes and depreciation” is a non-IFRS financial performance measure with no standard definition under IFRS. It is therefore possible that this measure could not be comparable with a similar measure of another corporation. The Corporation uses this non-IFRS measure as an indicator of the cash generated by the operations and allows investor to compare the profitability of the Corporation with others by canceling effects of different assets bases, effects due to different tax structures as well as the effects of different capital structures.


(2) Cash-flow per share is a non-IFRS financial performance measure with no standard definition under IFRS. It is therefore possible that this measure could not be comparable with a similar measure of another corporation. The Corporation uses this non-IFRS measure which can also be helpful to investors as it provides a result which can be compared with the Corporation market share price.


Read more here: https://www.quotemedia.com/portal/quote?qm_symbol=DNG%3ACA&qmodStoryID=8533181430596389 

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8020 Admin

2 months

8020 Admin posted a press release Dynacor Receives TSX Approval to Renew Normal Course Issuer Bid in DYNACOR GOLD MINES

MONTREAL, April 30, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce that the Toronto Stock Exchange (TSX) has approved the Corporation's request to establish a normal course issuer bid (NCIB), through which Dynacor may purchase, for cancellation, up to 3,273,485 common shares or approximately 10% of its public float as of April 17, 2019. The number of issued and outstanding common shares of Dynacor was 39,139,373 and the public float was 32,734,859 as of April 17, 2019.


Dynacor is in a financially strong position to continue to return a portion of its cash to its shareholders through the NCIB. Additionally, it is reviewing other value-added opportunities which could further contribute to enhancing shareholder value.


The Corporation may purchase shares under the NCIB over a period of twelve months commencing on May 2, 2019, and ending May 1, 2020, when the bid expires. NCIB purchases will be made through the facilities of the TSX and certain Alternative Trading Systems, and the price for any repurchased shares will be the prevailing market price at the time of the acquisition. All common shares purchased by the Corporation will be cancelled. The number of shares repurchased on any given day may not exceed 6,387 common shares, which is equal to 25% of the average daily trading volume on the TSX for the period of six months ending March 31, 2019, except where purchases are in accordance with the “block purchase exception” of the TSX rules. The average daily volume for this period was calculated in accordance with the rules of the TSX and is equal to 25,549 common shares.


The NCIB represents a proper utilization of Dynacor’s available funds as part of the Corporation’s capital management strategy and is being established to enhance shareholder value.


The extent to which Dynacor repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations, as determined by Dynacor's management team. The Corporation will use funds from its existing cash balances to purchase the shares.


Under the previously approved NCIB, which commenced on April 23, 2018, and terminated on April 22, 2019, Dynacor could repurchase up to 1,982,717 common shares. The actual number of common shares repurchased under the previous program was 837,355, with a weighted average price of $1.68 per common share. The purchases under the previous program have been effected through the facilities of the TSX as well as certain Alternative Trading Systems.


ABOUT DYNACOR


Dynacor is a dividend paying gold production Corporation headquartered in Montreal, Canada. The Corporation is engaged in production through the processing of ore purchased from small scale artisanal miners. At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor produced 81,314 ounces of gold, a yearly best and 1.8% increase as compared with 2017 (79,897 ounces).


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 are paying 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 to our small-scale artisanal miner's communities.


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 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.


Dynacor (TSX: DNG / OTC: DNGDF)


Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold


For more information, please contact:


Dale Nejmeldeen
Director, Shareholder Relations
Dynacor
T: 604.492.0099 | M: 604.562.1348
E: nejmeldeen@dynacor.com 

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8020 Admin

3 months

8020 Admin posted a press release Dynacor Reports Net Income of US$ 4.8 M in 2018; a 26% Increase in DYNACOR GOLD MINES

MONTREAL, April 01, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) a Corporation with gold and silver ore processing operations and exploration projects in Peru, has released its audited consolidated financial statements and the management's discussion and analysis (MD&A) for the year ended December 31, 2018.


These documents have been filed electronically with SEDAR at www.sedar.com and will be available on the Corporation's website www.dynacor.com.


(All figures in this press release are in millions of US$ unless stated otherwise. Earnings per share and cash-flow per share are in US$. All variance % are calculated from rounded figures. Some additions might be incorrect due to rounding).


The financial results for 2018 reflect Dynacor’s eighth consecutive year of profits as the Corporation recorded a net income of $4.8 M ($0.12 per share), an increase of 26.3% compared to 2017.


Read more here: https://quotemedia.com/portal/quote/?qm_symbol=DNG%3ACC&qmodStoryID=4606070252443531 

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8020 Admin

3 months

8020 Admin posted a press release Dynacor Declares Third Quarterly Dividend Payment in DYNACOR GOLD MINES

MONTREAL, March 12, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce its quarterly dividend payment of CA $0.01 per common share is payable on April 3, 2019 to shareholders of record as of the close of business on March 20, 2019. The payment represents the third quarterly dividend payment made to shareholders. The Corporation’s quarterly dividend qualifies as an “eligible dividend” for Canadian income tax purposes.’’


The declaration and payment of dividends are at the discretion of the Board and will depend on the Corporation’s financial results, cash requirements, prospects and other factors deemed relevant by the Board.


DYNACOR’S CASH RETURN TO SHAREHOLDERS


Dynacor’s strategy to return cash to shareholders includes both the quarterly dividend payments which the Board approved in 2018 together with an active NCIB (normal course issuer bid) program.   


Since inception Dynacor has paid dividends to its shareholders amounting to CA $0.02 per share. As of April 23, 2018, the NCIB initiation date, the Corporation has repurchased 747,575 common shares for a total cash consideration of CA $1,275,270. 


ABOUT DYNACOR


Dynacor is a dividend-growth gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through the processing of ore purchased from small scale artisanal miners. At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor finished with 81,314 ounces of gold production, a yearly best and 1.8% increase as compared with 2017 (79,897 ounces).


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 (TSX: DNG / OTC: DNGDF)


Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold

For more information, please contact:  Dynacor


Dale Nejmeldeen
Director, Shareholder Relations
Dynacor
T: 604.492.0099 | M: 604.562.1348
E: nejmeldeen@dynacor.com 

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8020 Admin

4 months

8020 Admin posted a press release February 20th Virtual Investor Conferences Company Investor Presentations Now Available for On-Demand Viewing in DYNACOR GOLD MINES

Individual and institutional investors as well as advisors are invited to log-on to VirtualInvestorConferences.com to view presentations



NEW YORK, Feb. 25, 2019 /PRNewswire/ -- Virtual Investor Conferences, the leading proprietary investor conference series, announced that the presentations from the February 20th, 2019 conference are now available for on-demand viewing at VirtualInvestorConferences.com.


LINK:  https://tinyurl.com/Feb20-Post


The company presentations will be available 24/7 for 90 days. Investors, advisors and analysts may download shareholder materials from the "virtual trade booth" for the next three weeks.


February 20th Agenda:







































Company Name



Ticker



Cobalt 27 Capital Corp.



(OTCQX: CBLLF | TSXV: KBLT )



RavenQuest BioMed Inc.



(OTCQB: RVVQF | CSE: RQB )



Helix TCS, Inc.



(OTCQB: HLIX)



Dynacor Gold Mines Inc.



(Pink: DNGDF | TSX: DNG)



Merion, Inc.



(OTCQB: EWLU)



BioCorRx Inc.



(OTCQB: BICX)



Rover Metals Corp.



(OTCQB: ROVMF | TSXV: ROVR)




Learn more about the event at www.VirtualInvestorConferences.com.


About Virtual Investor Conferences


Virtual Investor Conferences is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.


A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access.  Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.


Media Contact: 
OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com


Virtual Investor Conferences Contact:
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com



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8020 Admin

4 months

8020 Admin posted a press release Dynacor to Webcast Live at VirtualInvestorConferences.com February 20th in DYNACOR GOLD MINES

Company invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com



MONTREAL, Feb. 15, 2019 /PRNewswire/ -- Dynacor (TSX: DNG) (OTC Pink: DNGDF), based in Montreal, Canada, focused on purchasing and processing gold ore, today announced that Jean Martineau, President and CEO, will present live at VirtualInvestorConferences.com on February 20th.


DATE: Wednesday, February 20th  
TIME: 11:30 am ET
LINK: https://tinyurl.com/0220prepr


This will be a live, interactive online event where investors are invited to ask the company questions in real-time - both in the presentation hall as well as the organization's "virtual trade booth." If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.


It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.


Learn more about the event at www.VirtualInvestorConferences.com.


Recent Company Highlights



  • A unique model that proves how to consistently profit in a volatile gold market;

  • A free of debt company buying back its shares;

  • A successful cash flow generator working to its 31st consecutive quarter of profit;

  • A dividend growth company providing income stream to its shareholders.


About Dynacor


Dynacor Gold Mines Inc. is a gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through its government licensed ore processing operations.


About Virtual Investor Conferences


Virtual Investor Conferences is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors.


A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access.  Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.


CONTACTS:
Dynacor
Dale Nejmeldeen
Director, Shareholder Relations
(604) 492-0099
nejmeldeen@dynacor.com


Virtual Investor Conferences
John M. Viglotti
SVP Corporate Services, Investor Access
OTC Markets Group
(212) 220-2221
johnv@otcmarkets.com



(PRNewsfoto/VirtualInvestorConferences.com)



Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/dynacor-to-webcast-live-at-virtualinvestorconferencescom-february-20th-300796416.html



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8020 Admin

5 months

8020 Admin posted a press release Dynacor Announces its 2018 Gold Production in DYNACOR GOLD MINES

MONTREAL, Jan. 18, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG) (OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce today its 2018 gold production from its Veta Dorada Plant in Chala, Peru.


In 2018, the Corporation achieved a new record level of production as it ended the year with gold production of 81,314 ounces, an increase of 1,8 % compared to 2017 (79,897 ounces).


In December, the Corporation recorded its highest gold production month for 2018 as it processed 8,601 DMT of ore and produced 8,021 ounces of gold. Gold production in December was 20,4 % higher than the 2018 year to date monthly average.


For 2018, the Veta-Dorada plant processed a total of 91,512 DMT of gold mineralized material compared to 76,918 DMT in 2017 a significant increase of 19,0%. The total volume of ore purchased in 2018, amounted to 90,977 DMT (including 9,136 DMT in December) compared to 77,741 in 2017 an increase of 17,0%.


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 ore processing operations. At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor produced 81,314 ounces of gold, a yearly best and 1,8% increase as compared with 2017 (79,897 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 / OTC: DNGDF)


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
E: nejmeldeen@dynacor.com 

Images accompanying this announcement are available at:

http://www.globenewswire.com/NewsRoom/AttachmentNg/1fabe4cf-df9b-4a9e-a884-a1e94e75f3f0


http://www.globenewswire.com/NewsRoom/AttachmentNg/5ff80242-96e7-47fb-aad8-b23c6882fa03


http://www.globenewswire.com/NewsRoom/AttachmentNg/1dc15e47-f238-4d3b-abae-ccb93d0ab1b3

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8020 Admin

6 months

8020 Admin posted a press release Dynacor Produces 6,277 Ounces of Gold in November in DYNACOR GOLD MINES


MONTREAL, Dec. 21, 2018 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce today its November gold production results at its Veta Dorada Plant in Chala, Peru.


























Figure 1
  Monthly gold production (in oz.) at the Veta Dorada Plant 2018





In November, the Corporation processed 7,964 DMT of ore and produced 6,277 ounces of gold for cumulative gold production of 73,293 ounces thus far in 2018. The November production was mainly affected by a 13.1% decrease in ore grade compared to the previous month when it produced 7,352 ounces of gold over a volume of 8,126 DMT processed in October 2018.


Overall, after eleven months in 2018, the Veta Dorada plant has processed 82,911 DMT of gold mineralized material which represents a significant 21.4% increase compared to the 68,309 DMT processed for that same period in 2017.


Dynacor, the largest publicly owned ore processing company in Peru has a proven and long history of purchasing high-grade ore in the country. The Corporation expects to report in 2018, its historical best annual gold production.

A photo accompanying this announcement is available at:

Figure 1: http://www.globenewswire.com/NewsRoom/AttachmentNg/1c4ade65-f3e2-421b-91c8-1ba08170aef8


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 ore processing operations. At present, Dynacor produces and explores in Peru where its management 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 / OTC: DNGDF)


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 
E: nejmeldeen@dynacor.com 


logo Dynacor.png



 

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8020 Admin

7 months

8020 Admin posted a press release Dynacor Declares Second Quarterly Dividend Payment in DYNACOR GOLD MINES

MONTREAL, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce that a quarterly dividend payment of CAD$0.01 per common share will be paid on January 3, 2019 to shareholders of record as of the close of business on December 19, 2018. The payment represents the second quarterly dividend payment made to shareholders following the Corporation’s first ever dividend payment in October 2018. The Corporation’s quarterly dividend qualifies as an “eligible dividend” for Canadian income tax purposes.


Dynacor has just completed its 30th consecutive quarter of profits and expects 2018 to be its most productive year since the start of its operations. With its proven business model, management is engaged in its new strategic plan defined earlier this year and to continue to increase its gold production in the upcoming months and years.


The declaration and payment of dividends is at the discretion of the Board and will depend on the Corporation’s financial results, cash requirements, prospects and other factors deemed relevant by the Board.


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 management 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 / OTC: DNGDF)


Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold
Facebook: facebook.com/DynacorGoldMines


Shares outstanding: 39,524,977


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
E: nejmeldeen@dynacor.com

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8020 Admin

7 months

8020 Admin posted a press release Dynacor Produces 7,352 Ounces of Gold in October, Its Best 2018 Monthly Results in DYNACOR GOLD MINES

MONTREAL, Nov. 21, 2018 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce today its October gold production results, which were the best monthly gold production results in 2018.


























Figure 1
  Monthly gold production (in oz.) at the Veta Dorada Plant 2018





In October, the Corporation produced 7 352 ounces of gold, a 11% monthly average increase from the previous nine months. The total amount of ore purchased in October also increased by 11% compared to the average of the previous nine months.


Dynacor, the largest publicly owned ore processing company in Peru has a proven and long history of purchasing high-grade ore in the country. As history illustrates, gold production is highest during the last quarter of the year (Oct-Dec). The Corporation expects to report its best quarter for 2018 at approximately 22,500 ounces for an annual total of 82,000 ounces of gold, a 2.6% year over year increase and all-time high over Dynacor’s last decade of production.


To view the image associated with this press release, please visit the following link: 


Figure 1: http://www.globenewswire.com/NewsRoom/AttachmentNg/da2dcbc7-ef0c-4cbf-a968-9b371afa079c 


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 management 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 / OTC: DNGDF)


Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold
Facebook: facebook.com/DynacorGoldMines


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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
E: nejmeldeen@dynacor.com 

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