Dynacor Gold Mines (TSX: DNG) reported this morning select items from its financial results for Q3 2021, highlighting a quarterly revenue of US$61.9 million. This is both an increase from Q2 2021’s revenue of US$42.8 million and Q3 2020’s revenue of US$24.1 million.
Specifically, for the month of September 2021, the firm earned US$25.8 million in revenue–the “second consecutive monthly record” for its sales. Added to this monthly sales is the $2.9 million related to the partial release of the 2019 gold bars retained at customs.
The company also recently increased its 2021 revenue guidance to US$185 – US$190 million. To date, it has posted US$145.6 million in revenue for the first nine months of the year.
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The gold processor relayed that it will publish its Q3 2021 financial results on November 15, 2021.
Dynacor Gold mines last traded at $2.78 on the TSX.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
