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Dynacor Gold Mines
(OTC:DNG)
Dynacor Gold Mines (DNG) vs. iShares MSCI Canada ETF (EWC)
Dynacor Gold Mines Business Overview & Revenue Model
Dynacor Gold Mines Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 296.64M | 284.40M | 250.19M | 197.55M | 195.91M | 101.53M |
| Gross Profit | 35.62M | 35.80M | 30.20M | 24.43M | 27.06M | 13.61M |
| EBITDA | 30.09M | 30.80M | 26.61M | 21.53M | 23.80M | 11.65M |
| Net Income | 17.25M | 16.88M | 15.07M | 12.01M | 11.78M | 4.33M |
Balance Sheet | ||||||
| Total Assets | 147.19M | 125.26M | 111.78M | 96.90M | 91.36M | 76.30M |
| Cash, Cash Equivalents and Short-Term Investments | 58.66M | 24.88M | 22.48M | 25.41M | 26.91M | 11.87M |
| Total Debt | 1.10M | 1.11M | 635.69K | 701.23K | 343.97K | 706.75K |
| Total Liabilities | 23.47M | 26.10M | 22.19M | 16.62M | 19.35M | 13.55M |
| Stockholders Equity | 123.72M | 99.16M | 89.59M | 80.28M | 72.01M | 62.74M |
Cash Flow | ||||||
| Free Cash Flow | 16.23M | 10.87M | 3.04M | 2.57M | 18.42M | 10.34M |
| Operating Cash Flow | 22.03M | 16.13M | 9.61M | 6.23M | 21.87M | 11.22M |
| Investing Cash Flow | -11.74M | -11.16M | -6.45M | -3.51M | -3.21M | -769.83K |
| Financing Cash Flow | 15.48M | -7.56M | -6.28M | -4.22M | -3.41M | -5.33M |
Dynacor Gold Mines Technical Analysis
Dynacor Gold Mines Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $316.03M | 3.91 | 44.39% | ― | 148.01% | ― | |
81 Outperform | C$190.93M | 7.06 | 16.08% | 4.74% | 17.25% | 16.23% | |
62 Neutral | $10.18B | 9.76 | -0.16% | 2.86% | 2.22% | -32.49% | |
55 Neutral | C$249.64M | 53.85 | -0.95% | ― | ― | 12.63% | |
51 Neutral | $266.09M | ― | -6.29% | ― | ― | -5.56% | |
36 Underperform | C$184.69M | ― | -49.68% | ― | ― | 17.11% | |
27 Underperform | $192.11M | ― | -22.20% | ― | ― | 0.84% |
Dynacor Gold Mines Corporate Events
Dynacor Group Inc. has signed a share purchase agreement to acquire Arkham Metals SAS in Ecuador for $9.75 million, marking a significant step in its international expansion strategy. The acquisition includes the ‘Svetlana’ processing plant, which will initially operate at 300 tpd, with plans to increase capacity and expand its ore purchasing network. This strategic move is expected to enhance Dynacor’s presence in Latin America and position it to meet the growing demand in the artisanal and small-scale gold mining market.
The most recent analyst rating on (TSE:DNG) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on Dynacor Gold Mines stock, see the TSE:DNG Stock Forecast page.
Dynacor Group Inc. announced a restructuring of its Peruvian subsidiary, Veta Dorada, as part of its international expansion strategy. The reorganization aims to enhance management capacity and align the subsidiary’s operations with the company’s core values and governance standards. This move is expected to strengthen Dynacor’s position as a multi-asset gold processor and prepare for future growth, with new management roles being created and some positions transferred to Canada.
The most recent analyst rating on (TSE:DNG) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on Dynacor Gold Mines stock, see the TSE:DNG Stock Forecast page.
Dynacor Group reported gold sales of $26.1 million in May 2025, reflecting a 10.1% increase compared to May 2024, primarily due to a 32.1% rise in the sales price, despite a 21.9% decrease in volume due to planned maintenance. Year-to-date sales reached $128.9 million, up 10.7% from the previous year, with the company on track to meet its annual sales guidance of $345 to $375 million.
The most recent analyst rating on (TSE:DNG) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on Dynacor Gold Mines stock, see the TSE:DNG Stock Forecast page.
Dynacor Group Inc. announced the election of its board of directors during the annual general meeting, with all nominees successfully elected. Additionally, Raymond Chabot Grant Thornton LLP was appointed as the auditor, and a resolution was passed to amend the stock option plan to replenish 600,000 options. These decisions are expected to strengthen Dynacor’s governance and financial oversight, supporting its strategic expansion plans and commitment to responsible gold production.
The most recent analyst rating on (TSE:DNG) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on Dynacor Gold Mines stock, see the TSE:DNG Stock Forecast page.
Dynacor Group Inc. has signed a Memorandum of Understanding with Ansong Askew Ltd. in Ghana to explore a joint venture in the gold processing sector. This collaboration aims to benefit stakeholders and contribute to regulating Ghana’s artisanal mining sector by leveraging Dynacor’s expertise in traceable gold processing and Ansong-Askew’s commercial network. The partnership is expected to enhance Ghana’s position in the gold mining industry and support government-permitted, environmentally friendly artisanal gold processing.
The most recent analyst rating on (TSE:DNG) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on Dynacor Gold Mines stock, see the TSE:DNG Stock Forecast page.
Dynacor Group Inc. announced its monthly dividend for June 2025, marking its sixty-third dividend payment. The dividend of C$0.01333 per common share will be payable on June 18, 2025, to shareholders of record as of June 11, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders, with the board considering financial results and other factors in its dividend decisions.
The most recent analyst rating on (TSE:DNG) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on Dynacor Gold Mines stock, see the TSE:DNG Stock Forecast page.
Dynacor Gold Mines has received a positive recommendation from Institutional Shareholder Services (ISS) for all director nominees and meeting resolutions ahead of its annual shareholders meeting. This endorsement comes amid a challenge from iolite Capital Ltd., which sought to increase the board size and nominate a director, a move that was overwhelmingly rejected by shareholders. The board has emphasized its commitment to long-term shareholder value and has recommended voting for the current board nominees and resolutions.
The most recent analyst rating on (TSE:DNG) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on Dynacor Gold Mines stock, see the TSE:DNG Stock Forecast page.
Dynacor Group reported gold sales of $22.8 million for April 2025, a decrease from the previous year due to a decline in volume despite a significant increase in gold prices. Year-to-date sales reached $102.8 million, showing a 10.9% increase from 2024, with the company on track to meet its annual sales guidance. The Veta Dorada plant operated at full capacity, and the company continues to benefit from higher gold prices, positioning itself strongly in the artisanal mining sector.
The most recent analyst rating on (TSE:DNG) stock is a Buy with a C$5.50 price target. To see the full list of analyst forecasts on Dynacor Gold Mines stock, see the TSE:DNG Stock Forecast page.
Dynacor Gold Mines reported a record quarterly sales of $80 million and a net income of $5.1 million for Q1-2025, indicating a strong financial performance despite a decrease in EBITDA. The company is advancing its international expansion with projects in Senegal and Ecuador, maintaining a solid financial position with $59.3 million in cash and short-term investments, and increasing its monthly dividends, reflecting a robust outlook for 2025.
The most recent analyst rating on (TSE:DNG) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Dynacor Gold Mines stock, see the TSE:DNG Stock Forecast page.
Dynacor Group Inc. has announced the retirement of Mr. Léonard Teoli, who has served as Chief Financial Officer and Vice-President, Finance for 14 years, and the appointment of Stéphane Lemarié as his successor. Lemarié, who has been with Dynacor since 2017, brings over 25 years of experience in finance and auditing, and is expected to play a key role in the company’s international expansion plans. This leadership change is seen as a strategic move to enhance Dynacor’s financial and operational capabilities as it continues to grow its presence in the artisanal mining sector.
Dynacor Group Inc. has announced its May 2025 monthly dividend of C$0.01333 per common share, payable on May 15, 2025, marking its sixty-second dividend payment. This consistent dividend policy reflects the company’s stable financial performance and commitment to returning value to shareholders, while its focus on artisanal mining and expansion plans highlight its strategic positioning in the industry.
Dynacor Group reported record quarterly gold sales of $80.0 million for the first quarter of 2025, driven by a significant increase in the selling price of gold. The Veta Dorada plant operated at full capacity, processing 15,000 tonnes of ore. The company is on track to meet its annual sales guidance of $345 to $375 million, reflecting its strong market positioning and operational efficiency.
Dynacor announced the results of a special shareholder meeting, where a strong majority voted in favor of the board’s recommendations, rejecting proposals from a dissident shareholder, iolite. The shareholders’ decision supports Dynacor’s expansion strategy and its commitment to a successful track record, while emphasizing the importance of aligning with the board’s strategic plan for future growth.
Dynacor Group Inc. has provided an update on its expansion progress in West Africa and Latin America, remaining on track for its 2025 objectives and aiming to produce 500,000 AuEq ounces by 2030. Key developments include preparatory work for a pilot plant in Senegal, ongoing due diligence for a processing plant in Ecuador, discussions for partnerships in Ghana, and monitoring of mining code revisions in Côte d’Ivoire. These efforts reflect Dynacor’s strategic growth plans and commitment to responsible mining practices, potentially enhancing its market position and stakeholder value.
Dynacor Group Inc. is urging its shareholders to vote using the GOLD Proxy against the expansion of the board and the election of dissident shareholder Robert Leitz’s nominee. The company emphasizes the importance of maintaining its current board structure, which has been endorsed by independent advisory firms ISS and Glass Lewis, to protect shareholder value and ensure continued strategic oversight. The dissident’s actions are seen as disruptive, with his nominee lacking the necessary experience and trust of the current board.