Dynacor Group Forecasts 27% Increase in 2025 Sales

Dynacor Group (DNG.TO) on Monday announced its preliminary 2025 outlook, which includes a 27% increase in sales at the midpoint of a range. The company, an industrial ore processing company producing gold sourced from artisanal miners, is forecasting sales of US$345 million to US$375 million and production of 120,000 to 130,000 gold equivalent ounces. Net income is expected to range between US$14 million to US$17 million. The company hasn't reported 2024 earnings yet. "2025 marks the first year in Dynacor's growth plan to more than triple sales by 2030. In this foundational year, we will deliver important milestones in Africa including construction of our pilot plant in Senegal and completion of an environment impact study in one of our target countries," said Chief Executive Jean Martineau.