Latest news with #Dynacor
Hamilton Spectator
5 days ago
- Business
- Hamilton Spectator
Dynacor Group Declares August 2025 Dividend
MONTREAL, July 24, 2025 (GLOBE NEWSWIRE) — Dynacor Group Inc. (TSX: DNG) ('Dynacor' or the 'Corporation') announced its monthly dividend payment for August 2025 in the amount of C$0.01333 per common share which will be payable on August 19, 2025, to shareholders of record as of the close of business on August 11, 2025. This dividend represents the sixty-fifth (65th) dividend and fifty-fifth (55th) monthly dividend payment made to shareholders. The Corporation's monthly dividend qualifies as an 'eligible dividend' for Canadian income tax purposes. The payment and increase 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. About Dynacor Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on fully and part-formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The company is planning to expand to West Africa and within Latin America. The premium paid by luxury jewellers for Dynacor's PX Impact® gold goes to Fidamar Foundation, an NGO that mainly invests in health and education projects for artisanal mining communities in Peru. Visit for more information. 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. Contact: For more information, please contact: Ruth Hanna Director, Investor Relations T: 514-393-9000 #236 E: investors@ Website: Renmark Financial Communications Inc. Bettina Filippone T: (416) 644-2020 or (212) 812-7680 E: bfilippone@ Website:
Globe and Mail
17-07-2025
- Business
- Globe and Mail
Dynacor Group Reports Record Sales of $30.8 Million for June 2025 and Record Cumulative Sales of $159.7 Million
MONTREAL, July 17, 2025 (GLOBE NEWSWIRE) -- Dynacor Group Inc. (TSX-DNG) ('Dynacor' or the "Corporation"), today announced unaudited record gold sales of $30.8 million in June and record quarterly sales of $79.7 million. All figures are in US dollars unless otherwise indicated. Monthly Highlights Gold sales reached a record of $30.8 million (C$42.2 million 1) in June 2025, compared to $18.7 million (C$25.6 million) in June 2024. The increase in sales of $12.1 million or +64.7% versus June 2024 is due to higher sales price (+50.8%) and an increase in volume (+13.9%). In June, the selling price of gold averaged $3,348 per ounce, compared to $2,313 per ounce, a 44.7% increase over June 2024. Year To Date Highlights Record cumulative gold sales of $159.7 million at the end of June 2025, compared to $135.1 million for the same period of 2024, a $24.6 million increase or +18.2%. In 2025, the selling price of gold averaged $3,074 per ounce, compared to $2,196 per ounce in 2024, a 40.0% increase. With an expected stronger second half of the year, the Corporation is on target to meet its annual sales guidance of between $345 and $375 million. Going forward, the Corporation will publish its sales figures as part of its quarterly financial results disclosure only. About Dynacor Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on fully and part-formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The Corporation plans to expand to West Africa and within Latin America. The premium paid by luxury jewellers for Dynacor's PX Impact® gold goes to Fidamar Foundation, an NGO that mainly invests in health and education projects for artisanal mining communities in Peru. Visit for more information. 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. Contact: For more information, please contact: Ruth Hanna Director, Investor Relations T: 514-393-9000 #236 E: investors@ Website: Renmark Financial Communications Inc. Bettina Filippone T: (416) 644-2020 or (212) 812-7680 E: bfilippone@ Website: A photo accompanying this announcement is available at .
Yahoo
08-07-2025
- Business
- Yahoo
Dynacor Signs Share Purchase Agreement to Acquire Processing Plant and Assets in Ecuador
MONTREAL, July 08, 2025 (GLOBE NEWSWIRE) -- Dynacor Group Inc. (TSX: DNG) ('Dynacor' or the "Corporation"), is pleased to announce it has signed a share purchase agreement to acquire Arkham Metals SAS (Ecuador) from Pelorus Minerals Limited, a wholly owned subsidiary of Arkham Metals Limited Australia. As previously announced, Dynacor will pay $9.75 million for 100% of the shares of the 1,500 tpd permitted processing plant. All amounts are in US dollars unless otherwise specified. 'Svetlana', the newly acquired processing plant, is located in Portovelo, in the El Oro province of southern Ecuador. The carbon-in-pulp (CIP) plant was operated intermittently between 2011-2020, and has been in care and maintenance since Q2-2020. Under its international expansion plan, Dynacor will pay a total consideration of $25 million including the purchase price to upgrade the plant and prepare for ramp up to 300 tpd operating capacity in 2026. The transaction will be funded with proceeds from the $22.1 million financing carried out earlier this year. Jean Martineau, President and CEO, said, 'This acquisition in Ecuador is a first step and significant milestone in our journey to produce half a million ounces of gold. In addition to marking our transition into a geographically diversified gold processor, the acquisition of Svetlana would bring a material increase in our installed capacity. Importantly, the permitted plant offers a long runway to grow through optimisation and through expansion of its ore purchasing network. On behalf of the Dynacor team, I wish to thank our shareholders who have supported our growth ambitions and look forward to delivering on our value creation strategy.' For more information, please view the presentation on 'Svetlana' here. Transaction Highlights Consistent with plan to become a multi-asset gold processor: Strategic acquisition of Dynacor's second processing plant, and first in Ecuador, that strengthens its presence in Latin America. 'Svetlana' is a fully funded, permitted processing plant that, following initial ramp-up, is expected to increase annual production by approximately 75,000 AgEq ounces (300 tpd). Quality CIP plant that leverages Dynacor's unique knowhow: Provides an excellent fit with Dynacor's skill set and multi-decade operation of a carbon-in-leach (CIL) plant in Peru. Offers upside: The plant is built and permitted for 1,500 tpd but will initially be launched at 300 tpd. The purchase price includes the plant, mining fleet, and a relatively new tailings dam. The Corporation believes that its differentiated business model positions it strongly to meet the continued growth of the artisanal and small-scale gold mining (ASGM) market in Ecuador. Location in the heart of Ecuador's gold mining district: The plant's location in the main gold processing region of Ecuador, a country with a rich ASGM history, provides a solid platform for Details Total consideration is $9.75 million, payable in cash. Closing of the share purchase agreement is expected on July 14, 2025. About Dynacor Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on fully and part-formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The company plans to expand to West Africa and within Latin America. The premium paid by luxury jewellers for Dynacor's PX Impact® gold goes to Fidamar Foundation, an NGO that mainly invests in health and education projects for artisanal mining communities in Peru. Visit for more information. 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. Contact: For more information, please contact: Ruth HannaDirector, Investor Relations T: 514-393-9000 #236 E: investors@ Renmark Financial Communications FilipponeT : (416) 644-2020 ou (212) 812-7680E: bfilippone@ Website: in to access your portfolio
Yahoo
30-06-2025
- Business
- Yahoo
iolite Files Formal Complaint with Securities Regulatory Authority and Calls for the Immediate Resignation of Chairman Pierre Lépine and CEO & President Jean Martineau
Significant Operational and Financial Issues, Disclosure Failures, and Problematic Leadership at Dynacor Group Inc. (TSX: DNG) FREIENBACH, Switzerland, June 30, 2025--(BUSINESS WIRE)--iolite Partners Ltd. ("iolite"), the largest shareholder of Dynacor Group Inc. (TSX: DNG, "Dynacor"), announces that it has filed a formal complaint with the Quebec Autorité des marches financiers regarding potential disclosure violations by Dynacor. The complaint cites potential disclosure failures including in the lead-up to Dynacor's June 17, 2025 annual general meeting ("AGM") and in subsequent communications. Despite significant use of company resources to secure votes, the narrow margins in the Chairman's (60.98%) and CEO's (73.77%) re-election demonstrate the absence of any true mandate or vote of confidence in Dynacor's leadership. The full complaint calls for investigation into potential: Undisclosed loss of key talent and resulting risks. Large-scale dismissals and forced resignations of longstanding personnel in Peru — without reason, notice, and severance — followed by the hiring of unqualified individuals at inappropriate pay levels, exposing the Company to serious operational, legal, and financial risks. Failure to disclose the material deterioration of Veta Dorada — the subsidiary that generates 100% of the Company's revenue — misleading investors about the true state of the business. Issues regarding the credibility of Dynacor's international expansion narrative given the obvious deterioration of the core business and loss of key talent, used to justify both a contested capital increase in January 2025 and the re-election of directors at the AGM. Failure to revise guidance despite clear evidence of operational decline. iolite has filed this complaint in good faith, in the interest of all shareholders, to accelerate long-overdue leadership change at Dynacor and to ensure transparency and proper disclosure. The scope and severity of management's failures leave no credible reason for Messrs. Lépine and Martineau to remain in office; their continued presence exposes the Company to unacceptable operational, financial, and reputational risk. At the June 17, 2025 AGM – and again in a June 19, 2025 press release – management celebrated past achievements, touted international expansion, and reaffirmed optimistic guidance even as key operating metrics seem to have deteriorated. Barely a week later, on June 27, the Company issued a self-contradictory release announcing a "restructuring in Peru," allegedly triggered by "employee practices contrary to the Corporation's values and Code of Conduct," yet presented as part of a global growth plan requiring more head-office hiring. Management hired an external firm to review the evidently serious matter, but offered no explanation of what went wrong or why a review was necessary, leaving investors completely in the dark. iolite remains convinced Dynacor has real potential and is undervalued: it is a leading niche player in an attractive market, with nearly half its market cap in cash and positive free cash flow through Q1 2025. But the status quo is untenable. Dynacor urgently needs competent, decisive leadership of unimpeachable integrity – leadership capable of restoring trust, stabilizing operations, and unlocking the Company's full value for every shareholder. To those who understand the issues, the solution is obvious. iolite stands ready to help. About iolite Founded in 2011 iolite Capital is a Switzerland-based investment manager with a focus on hidden champions: good businesses at attractive valuations. iolite serves a select circle of private and institutional clients who share the same entrepreneurial mindset, are willing to invest for the long term, and who would like to have first-hand access to a dedicated portfolio manager with substantial and meaningful skin in the game. Using a private equity approach, iolite conducts deep fundamental research, constructively engages with management, and adopts a long-term investment horizon. For more information on iolite, please visit View source version on Contacts iolite CapitalGwattstrasse 158808 Freienbach SZSwitzerland Investor Relations+41 79 227 29 08dynacor@
Globe and Mail
30-06-2025
- Business
- Globe and Mail
iolite Files Formal Complaint with Securities Regulatory Authority and Calls for the Immediate Resignation of Chairman Pierre Lépine and CEO & President Jean Martineau
iolite Partners Ltd. ('iolite'), the largest shareholder of Dynacor Group Inc. (TSX: DNG, 'Dynacor'), announces that it has filed a formal complaint with the Quebec Autorité des marches financiers regarding potential disclosure violations by Dynacor. The complaint cites potential disclosure failures including in the lead-up to Dynacor's June 17, 2025 annual general meeting ('AGM') and in subsequent communications. Despite significant use of company resources to secure votes, the narrow margins in the Chairman's (60.98%) and CEO's (73.77%) re-election demonstrate the absence of any true mandate or vote of confidence in Dynacor's leadership. The full complaint calls for investigation into potential: Undisclosed loss of key talent and resulting risks. Large-scale dismissals and forced resignations of longstanding personnel in Peru — without reason, notice, and severance — followed by the hiring of unqualified individuals at inappropriate pay levels, exposing the Company to serious operational, legal, and financial risks. Failure to disclose the material deterioration of Veta Dorada — the subsidiary that generates 100% of the Company's revenue — misleading investors about the true state of the business. Issues regarding the credibility of Dynacor's international expansion narrative given the obvious deterioration of the core business and loss of key talent, used to justify both a contested capital increase in January 2025 and the re-election of directors at the AGM. Failure to revise guidance despite clear evidence of operational decline. iolite has filed this complaint in good faith, in the interest of all shareholders, to accelerate long-overdue leadership change at Dynacor and to ensure transparency and proper disclosure. The scope and severity of management's failures leave no credible reason for Messrs. Lépine and Martineau to remain in office; their continued presence exposes the Company to unacceptable operational, financial, and reputational risk. At the June 17, 2025 AGM – and again in a June 19, 2025 press release – management celebrated past achievements, touted international expansion, and reaffirmed optimistic guidance even as key operating metrics seem to have deteriorated. Barely a week later, on June 27, the Company issued a self-contradictory release announcing a 'restructuring in Peru,' allegedly triggered by 'employee practices contrary to the Corporation's values and Code of Conduct,' yet presented as part of a global growth plan requiring more head-office hiring. Management hired an external firm to review the evidently serious matter, but offered no explanation of what went wrong or why a review was necessary, leaving investors completely in the dark. iolite remains convinced Dynacor has real potential and is undervalued: it is a leading niche player in an attractive market, with nearly half its market cap in cash and positive free cash flow through Q1 2025. But the status quo is untenable. Dynacor urgently needs competent, decisive leadership of unimpeachable integrity – leadership capable of restoring trust, stabilizing operations, and unlocking the Company's full value for every shareholder. To those who understand the issues, the solution is obvious. iolite stands ready to help. About iolite Founded in 2011 iolite Capital is a Switzerland-based investment manager with a focus on hidden champions: good businesses at attractive valuations. iolite serves a select circle of private and institutional clients who share the same entrepreneurial mindset, are willing to invest for the long term, and who would like to have first-hand access to a dedicated portfolio manager with substantial and meaningful skin in the game. Using a private equity approach, iolite conducts deep fundamental research, constructively engages with management, and adopts a long-term investment horizon. For more information on iolite, please visit
