Canada's Dynacor Q1 sales surge on higher gold prices, record production

Dynacor

14/05/2026 12:42

Overview

Canada ore processor's Q1 sales surged yr/yr on higher gold prices, production

Q1 net income and EBITDA reached record highs, supported by operational outperformance

Company advancing expansion in Senegal and Ecuador; CEO succession planned for June 2026

Outlook

Dynacor sees 2026 sales between $530 mln and $580 mln

Company expects 2026 net income of $22 mln to $26 mln

Dynacor forecasts 2026 production of 125,000-135,000 AuEq ounces

Result Drivers

HIGHER GOLD PRICES - Co said record sales and gross margin were mainly driven by higher realized gold prices in Q1

RECORD PRODUCTION - Record Q1 gold production driven by higher ore throughput and improved recoveries

INCREASED OPERATING COSTS - Higher general and administrative expenses due to management expansion and non-recurring professional fees

Company press release: ID:nGNX9JtdXy

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
$154.1 mln
$133.5 mln (1 Analyst)
Q1 Net Income
$7.3 mln
Q1 EBITDA
$13.6 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

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

Wall Street's median 12-month price target for Dynacor Group Inc is C$9.00, about 49.5% above its May 13 closing price of C$6.02

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)