Dynacor Reports Q3-2026 Results with Record Production and Progress at Galam and Svetlana

(TSX:DNG) Dynacor Group Inc. announced its unaudited financial and operational results for the third quarter ended September 30, 2026. Daniel Misiano, President and CEO, stated that record operational performance in Q3-2026 drove production and sales to the upper end of guidance, with inventory reduction and gold price trends improving margins compared to Q2. Throughput reached 48,373 tonnes (526 tpd), setting a new quarterly record, and gold-equivalent production was 34,716 oz. Ore inventory was reduced to 75% of historical levels by quarter-end. Sales for the quarter were $149.6 million, the third-highest on record, with a gross operating margin of $9.0 million. EBITDA was $6.7 million, and net cash flows from operating activities before working capital changes were $4.0 million. Net income for the quarter was $2.9 million. The cash gross operating margin was $285 per AuEq oz sold. The company held $30.6 million in cash as of September 30, 2026. After quarter-end, Dynacor entered into a $20 million unsecured gold purchase and prepayment facility. In Senegal, the Galam plant completed its first gold doré pour and commissioning, with ramp-up to nameplate capacity of 50 tpd ongoing. In Ecuador, the Svetlana plant launched operations with first ore fed to the crushing circuit, mill rehabilitation 82% complete, and commissioning underway. The company is awaiting a ruling from the Peruvian Tax Court regarding a contested 2015 tax assessment with a maximum exposure of $8.6 million. Dynacor disbursed a monthly dividend representing CA$0.16 per share annually, or a 3.1% yield. Jonathan Hill was appointed Chief Operating Officer during the quarter. A Memorandum of Understanding was signed with the World Gold Council to collaborate on formalising the artisanal and small-scale gold mining sector. At Svetlana, $11.5 million had been spent and $4.0 million committed of the $22-$25 million projected capex. The company’s revised 2026 guidance is for net income of $16-$18 million (down from $22-$26 million), capital expenditure of $27-$30 million (down from $32.5-$39 million), and unchanged sales guidance of $530-$580 million, with year-to-date sales at $448.1 million. Production guidance remains at 125,000-135,000 AuEq oz, with 99,414 oz produced year-to-date. Capital expenditure guidance includes $22-$25 million in Ecuador, $6-$8 million in Peru, $4-$5 million in Senegal, and $0.5-$1 million in other jurisdictions. In Q3-2026, Dynacor invested $9.5 million in capex: $1.9 million in Senegal, $6.9 million in Ecuador, and $0.7 million in Peru. Working capital at quarter-end was $72.6 million, including $30.6 million in cash. Total assets as of September 30, 2026, were $177.5 million. The company completed the acquisition of the Svetlana plant in Ecuador for $9.75 million plus $0.2 million in transaction costs in July 2025. The company’s effective tax rate was influenced by fluctuations in the Peruvian sol and withholding taxes on dividends from subsidiaries. The company’s supplier network for Svetlana is being developed in partnership with the United Nations’ planetGold program. Regulatory applications advanced in Ecuador, with ongoing negotiations with the Ministry of Production, Foreign Trade, Investments and Fisheries for an Investment Protection Agreement.

Dynacor Group Announces US$20 Million Gold Purchase and Prepayment Facility

(TSX:DNG) Dynacor Group Inc. announced that it has entered into an unsecured US$20 million Gold Purchase and Prepayment Facility (the “Facility”) with Auramet International, Inc. The Facility is intended to provide working capital, specifically to build inventory for Dynacor’s Svetlana plant in Ecuador, which is in the final stages of refurbishment. Under the Facility, gold produced by any of Dynacor’s subsidiaries may be sold under spot, forward, in-process, and prepayment arrangements, subject to customary conditions. The Facility allows Dynacor to receive prepayments for specified quantities of London Good Delivery gold bullion prior to delivery, on a revolving basis. The maximum aggregate amount of outstanding prepayments and undelivered gold under the Facility is $20.0 million. The Facility has a two-year term and can be extended annually by agreement between Dynacor and Auramet. The Facility includes customary positive and negative covenants and mandatory repayment terms. Daniel Misiano, President & CEO of Dynacor, stated that the Facility provides non-dilutive capital and flexibility for the Svetlana plant, which is central to the company’s expansion strategy. He also noted that the financing structure, which involves physical delivery, will not disrupt Dynacor’s PX Impact™ responsible gold program and will help maintain the company’s balance sheet strength as Svetlana transitions into production. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru, and is expanding into West Africa and within Latin America. Auramet is described as one of the largest physical precious metals merchants globally and has provided over $1.5 billion in term financing facilities to date.

Dynacor Group Announces November 2026 Dividend

(TSX:DNG) Dynacor Group Inc. announced that its Board of Directors has approved a monthly dividend of C$0.01333 per common share for November 2026. This dividend equates to C$0.16 annually. The dividend will be payable on November 17, 2026, to shareholders of record as of the close of business on November 9, 2026. The Corporation states that its 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. Dynacor Group is an ore processing company dedicated to producing gold sourced from artisanal miners. The company operates the Veta Dorada plant and owns a gold exploration property in Peru. Dynacor is expanding to West Africa and within Latin America. The company’s PX Impact® gold receives a premium from luxury jewellers, which is directed to the Fidamar Foundation, an NGO that mainly invests in health and education projects for artisanal mining communities in Peru.

Dynacor Group Announces October 2026 Dividend

(TSX:DNG) Dynacor Group Inc. announced that its Board of Directors has approved a monthly dividend of C$0.01333 per common share for October 2026. This dividend equates to C$0.16 annually per common share. The dividend will be payable on October 19, 2026, to shareholders of record as of the close of business on October 9, 2026. The Corporation states that its 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. Dynacor Group is an ore processing company dedicated to producing gold sourced from artisanal miners. The company operates the Veta Dorada plant in Peru. Dynacor also owns a gold exploration property in Peru. The company is expanding to West Africa and within Latin America. Luxury jewellers pay a premium for Dynacor’s PX Impact® gold, and this premium is directed to the Fidamar Foundation. The Fidamar Foundation is an NGO that mainly invests in health and education projects for artisanal mining communities in Peru. Dynacor was established in 1996. The company focuses on formalized miners and has implemented stringent traceability and audit standards for the artisanal mining industry. Dynacor is a Canadian company. The Board retains discretion over future dividend payments and increases.

Dynacor Group Announces August 2026 Dividend

(TSX: DNG) Dynacor Group Inc. announced that its Board of Directors has approved a monthly dividend of C$0.01333 per common share (C$0.16 annually) for August 2026. The dividend will be payable on August 17, 2026, to shareholders of record as of the close of business on August 10, 2026. The Corporation’s monthly dividend qualifies as an “eligible dividend” for Canadian income tax purposes. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The company is expanding 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. 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.

Dynacor Board of Directors Elects Réjean Gourde as Chair; Board Positioned for Execution

(TSX: DNG) Dynacor Group Inc. announced that its newly constituted Board of Directors has appointed Réjean Gourde as Chair, effective immediately. Dynacor operates a processing plant in Peru and is accelerating near-term growth through the launch of new plants in Ecuador and Senegal in 2026. Mr. Gourde succeeds Pierre Lépine, who did not stand for re-election at the recent Annual Shareholder Meeting after 12 years of service. Gourde brings over 40 years of experience in mining operations, corporate development, and management of intermediate gold producers in Africa and South America, and was previously President and Chief Executive Officer of Reunion Gold Corporation until his retirement in 2021. The Corporation’s board committees have been updated, with Rocio Rodriguez-Perrot, Pierre Béliveau, Isabel Rocha, and Hélène Kyriakakis chairing the Governance, Audit, Environment, and IT committees, respectively. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru, and is expanding to West Africa and within Latin America. The company’s PX Impact® gold premium goes to Fidamar Foundation, supporting health and education projects for artisanal mining communities in Peru.

Dynacor Group Receives TSX Approval To Renew Normal Course Issuer Bid

Dynacor Group Inc. (TSX: DNG) announced that the Toronto Stock Exchange has approved the renewal of its normal course issuer bid (NCIB) program, allowing the company to purchase for cancellation up to 3,845,230 common shares, representing approximately 10% of the public float. The NCIB will run from May 6, 2026 to May 5, 2027, with daily repurchases not to exceed 23,528 common shares, except under the block purchase exception. Under the previous NCIB, Dynacor repurchased 508,500 common shares at a weighted average price of $ 4.5871 per share. The company will use existing cash balances for these purchases and aims to enhance shareholder value. Dynacor expects to report first-quarter 2026 financial results on or about May 14, 2026.

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