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/ / / BUSINESS: InvestmentPitch Media Video Discusses Dynacor Gold Mines’ Report Of Record Monthly Gold Sales Of US$20.1 Million In August, A 25.6% Increase Over July – Video Available On Investmentpitch.com
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BUSINESS: InvestmentPitch Media Video Discusses Dynacor Gold Mines’ Report Of Record Monthly Gold Sales Of US$20.1 Million In August, A 25.6% Increase Over July – Video Available On Investmentpitch.com

By Daniel Webster, dWeb.News Publisher

VANCOUVER, British Columbia, Sept. 15, 2021 (GLOBE NEWSWIRE) — Montreal-based Dynacor Gold Mines (TSX:DNG) (OTCPink:DNGDF) reported record unaudited gold sales for August. Sales of gold for the month of August 2021 came in at US$20.1 million or approximately CDN$25.2 million. This is an increase of US$4.1 million or 25.6% over the July gold sales and an increase of US$11.6 million or 136.5% over the August 2020 gold sales.

For more information, please view the InvestmentPitch Media “video” which provides additional information about this news and the company. If this link is not enabled, please visit http://www.InvestmentPitch.com and enter “Dynacor” in the search box.

The new monthly all-time high in sales is due to the continuous processing at the full 430 tonnes per day capacity at the recently expanded Veta Dorada plant along with a healthy gold market price, with the company receiving an average selling price of US$1,770 per ounce of gold in August.

Dynacor is well ahead of its previously released financial guidance and management will release revised annual financial guidance during the week of September 20, 2021.

The Veta Dorada plant can be found just 15 minutes from the Pan American Highway in Chala, Peru. Dynacor is a significant processor of gold ore, which it purchases from artisanal miners and the small-scale mining industry or “ASMs” in Peru, with more than 600 registered ASMs currently supplying ore. With decades of experience in Peru, consistently operating and exporting gold since 1998, the company intends to expand its processing operations to other jurisdictions.

Dynacor is a founding partner of the PXIMPACT(r), which produces socially and environmentally-friendly gold. This gold is being supported by a growing number of companies from the fine jewelry, watchmaking and investment sectors. The small premium allows for direct investment in health and education projects.

The company also owns the Tumipampa exploration property for gold in central Peru’s Apurimac district.

Keystone’s Small-Cap Stock Report, which has been covering Dynacor since July 2017, issued a FLASH UPDATE, forecasting revenues of US$0. 22 per share for 2021 and giving the company a new fair value in the range of $3. 50, a premium of 40% to the $2. 51 price on August 17th, the day the FLASH UPDATE was issued. The shares are currently trading at $2.84.

For more information, please visit the company’s website http://www.dynacor.com, or contact the company at 514-393-9000 ext 230 or by email at investors@dynacor.com.

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