Dynacor Reports Preliminary Financials For Q3 2021: US$61.9 Million In Revenue

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.

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.

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