MONTREAL, Oct. 26, 2022 (GLOBE NEWSWIRE) — Dynacor Group Inc. DNG (Dynacor or the Company) announced its monthly dividend. Declaration of a dividend payment of C$0.0083 per common share will be payable on November 17, 2022 to shareholders of record as of the close of business on November 9, 2022. This dividend represents the thirty-second (32ndSt) dividend and twenty-two (22St) monthly payment to shareholders.
The Company’s monthly dividend qualifies as an “eligible dividend” for Canadian income tax purposes. Payment and increase of dividends are at the discretion of the Board of Directors and depend on the Company’s financial results, liquidity needs, prospects and other factors that the Board of Directors believes to be relevant.
AROUND DYNACOR
Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The Company is engaged in gold production through the processing of ore purchased by the ASM (artisanal and artisanal) industry. Dynacor currently operates in Peru where its management and processing teams have decades of experience working with ASM miners. It also owns a gold exploration property (Tumipampa) in Apurimac Department.
The company also intends to expand its processing activities to other jurisdictions.
Dynacor produces environmentally and socially responsible gold as part of its PX IMPACT® gold program. A growing number of supporting companies from the fields of fine luxury jewelry, watchmaking and investment companies pay a small premium to our customer and strategic partner for this PX IMPACT® gold. The bounty provides direct investment to develop health and education projects for our artisanal and small-scale mining communities.
Dynacor is listed on the Toronto Stock Exchange (DNG).
FORWARD-LOOKING INFORMATION
Certain statements set forth above may constitute forward-looking statements that involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or…
