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GlobeNewswire

MONTREAL, Dec. 15, 2021 (GLOBE NEWSWIRE)– Dynacor Gold Mines Inc. (TSX-DNG) (Dynacor or the “Corporation”), a worldwide gold ore commercial corporation maintenance ASMs (artisanal and small miners), today revealed its regular monthly sales of US$177 million (unaudited) (C$222 million) ( 1 ) for November 2021, a US$ 4.1 million ( 30%) boost compared to November 2020.

The typical asking price of gold per ounce in November was US$ 1,814

Total sales to date in 2021 total up to US$1801 million (C$2254 million) compared to US$877 million (C$1169 million) in 2020, a boost of 105%.

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The Corporation is en path to surpassing its modified monetary assistance revealed in September with forecasted sales of in between US$185 and $190 million for2021( see, September22, news release DYNACOR INCREASES SALES AND EARNINGS GUIDANCE BY APPROXIMATELY25%and35%RESPECTIVELY).

( 1)
US$ sales are transformed into CA$ utilizing the typical month-to-month currency exchange rate for the worried month or months

ABOUT

DYNACOR

Dynacor is a dividend-paying commercial gold ore processor headquartered in Montreal, Canada. The corporation is taken part in gold production through the processing of ore bought from the ASM (artisanal and small mining) market. At present, Dynacor runs in Peru, where its management and processing groups have years of experience dealing with ASM miners. It likewise owns a gold expedition home (Tumipampa) in the Apurimac department.

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The corporation plans to broaden its processing operations in other jurisdictions.

Dynacor produces ecological and socially accountable gold through its PX IMPACT ® gold program. A growing variety of encouraging companies from the great high-end precious jewelry, watchmakers and financial investment sectors pay a little premium to our consumer and tactical partner for this PX IMPACT ® gold. The premium offers direct financial investment to establish health and education tasks for our artisanal and small miner’s neighborhoods.

Dynacor is noted on the Toronto Stock Exchange (DNG).

FORWARD-LOOKING
INFORMATION

Certain declarations in the preceding might make up positive declarations, which include understood and unidentified dangers, unpredictabilities and other aspects that might trigger the real outcomes, efficiency, or accomplishments of Dynacor, or market outcomes, to be materially various from any future outcome, efficiency or accomplishment revealed or suggested by such positive declarations. These declarations show management’s present expectations relating to future occasions and running efficiency since the date of this press release.

Shares Outstanding: 38,847,592

PDF readily available: http://ml.globenewswire.com/Resource/Download/f3034 e35- a49 c-40 a0-b404 -7 c117 a6a87 f6

 CONTACT: For more details, please contact: Director, Shareholder Relations Dale Nejmeldeen Dynacor Gold Mines Inc. T:514-393-9000#230 E: investors@dynacor.com

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