2021 Sales and Earnings Guidance Update:
- Total sales of
US$185 to$190 million , a 23 to 27% increase from previously announced sales guidance ofUS$150 million ; - Net income of
US$9.0 to$9.5 million (US$0.23 to$0.25 EPS) (C$0.29 to$0.31 EPS), a 30 to 38% increase from previously announced earnings guidance ofUS$6.9 million .
Dynacor's new sales guidance of
- Assumes 2021 average CA/US exchange rate of 1.25:1;
- An average gold price of
$US 1785 per ounce; - A consistent average grade in the ore received;
- A stable currency exchange rate between Sol/US$/C$.
ABOUT DYNACOR
Dynacor is a dividend-paying industrial gold ore processor headquartered in
The corporation intends to expand its processing operations in other jurisdictions as well.
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 pay 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 for our artisanal and small-scale miner’s communities.
Dynacor is listed on the
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.
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Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold
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