MONTREAL / Oct 16, 2024 / Business Wire / Dynacor Group Inc. (TSX-DNG) (Dynacor or the "Corporation"), an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), today announced that it had recorded unaudited gold sales of US$28.5 million (C$38.6 million) ⁽¹⁾ in September 2024, compared to US$19.3 million (C$26.1 million) in September 2023 a US$9.2 million or +47.7% increase compared to last year due to increases in both sales prices (+US$7.6 million) and volumes (+US$1.6 million). Total sales of US$ 76.2 million for the third quarter represent a quarterly record.

September sales represent a month-to-month increase of US$2.2 million (8.4% increase) over August 2024.

The average selling price of gold was US$2,585 per ounce, compared to US$1,891 per ounce in September 2023 as gold price continued rising reaching even its historical high during the month.

In September 2024, the Veta Dorada plant continued working at full pace processing nearly 16,000 tonnes or an average of 532 tpd.

Third quarter record sales amounted to US$76.2 million (C$103.8 million) in 2024, compared to US$63.4 million (C$84.9 million) in Q3-2023, a 20.2% increase.

The 2024 cumulative sales at the end of September amount to US$211.3 million, compared to US$184.6 million for the same period in 2023, a 14.5% increase. The average selling price of gold at the end of September 2024 was US$2,292 per ounce compared to US$1,921 per ounce in 2023.