Dynacor Announces its 2nd Consecutive Monthly Sales Record of US$25.8 Million (C$32.7 Million) in September and Quarterly Sales of US$ 61.9 Million (C$78.0 Million) in Q3-2021
MONTREAL, Oct. 20, 2021 -- Dynacor Gold Mines Inc. (TSX-DNG) (Dynacor or the "Corporation"), an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), today announces its second consecutive monthly record with sales of US$25.8 million (unaudited) (C$32.7 million) for September 2021, a US$5.7 million (+28%) month-to-month increase and a US$14.8 million increase (+135%) compared to September 2020. In addition to September's sales are $2.9 million pertaining to the export of the partial release of the 2019 customs retained gold bars.
Third-quarter sales amounted to US$61.9 million (C$78.0 million) compared to US$24.1 million (C$32.0 million) in 2020, an increase of 157%.
A graph accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/646ff93b-3c00-49d5-9ced-02252a741e45
The average selling price of gold per ounce in September was US$1,767.
The Corporation recently announced revised financial guidance with projected sales of between US$185 and $190 million for 2021 (see, September 22, press release DYNACOR INCREASES SALES AND EARNINGS GUIDANCE BY APPROXIMATELY 25% and 35% RESPECTIVELY)
- Category: Silver / Gold
- Published: 20 October 2021
- Written by Editor