Dynacor Group Reports Sales of $14.7 Million for October 2022

Dynacor Group Inc. (TSX: DNG), an international gold ore industrial corporation serving ASMs (artisanal and small-scale miners), announced that it sold $14.7 million worth of gold in October 2022 (unaudited) (20.1 million Canadian dollars) compared to $16.8 million (C$20.9 million) in October 2021. According to the corporation, sales were down 12.5% compared to last year ($2.1 million). The corporation says that the average price of gold in October was $1,643 per ounce, a decline of $1,772 per ounce compared to last year. Fewer ounces of gold sold (-$0.9 million) and a drop in ore grades (-$1.2 million) compared to October 2021, resulting in a lower gold price. Gold sales for the first ten months of 2022 were $164.7 million, up 1.4% from the same period of the previous year. The year-to-date average selling price for gold at the end of October 2022 was $1,803 per oz, 1.2% higher than the previous year’s level of $1,790 per oz.

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