Dynacor dips as 2022 sales fall below co's expectations
24/01/2023 17:30
** Shares of Canada-based industrial gold ore processor
Dynacor Group Inc DNG.TO fall 2.6% to C$2.97
** DNG says 2022 yearly sales were less than expected due to
lower grade of ore purchased and processed during the year
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** Gold production of 110,359 gold-equivalent ounces for the
year was up 3.3% from previous year
** Co reports yearly sales of $197.5 mln compared to $195.9
mln in 2021
** Average selling price of gold in 2022 was $1,800 per
ounce, compared to $1,792 per ounce in 2021 - DNG
** Stock was down 7.9% last year
(Reporting by Arshreet Singh in Bengaluru)
((Arshreet.Singh@thomsonreuters.com))
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