Dynacor Q2 sales reach $79.7 mln, net income $3.5 mln

Overview

• Dynacor Q2 sales reach $79.7 mln, second-highest quarterly sales

• Company faces ore supply challenges due to curfews and maintenance

• Dynacor acquires Svetlana plant, aligns with 2030 $1 bln sales goal

Outlook

• Dynacor expects 2025 sales at lower end of initial guidance range

• Company updates 2025 production forecast to 105-110,000 AuEq ounces

• Dynacor anticipates stronger second half for Veta Dorada operations

• Company raises gold price assumption to $3,200-$3,400 per ounce

Result Drivers

• ORE SUPPLY CHALLENGES - Lower ore supply due to government-mandated curfew on artisanal miners in northern Peru and planned maintenance

• HIGHER GOLD PRICES - Increased sales driven by higher average gold prices, despite lower quantities of gold ounces sold

• INTERNATIONAL EXPANSION - Progress in international expansion with acquisition of Svetlana plant in Ecuador and MOU in Ghana

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the gold peer group is "buy."

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nGNX5sBg0n