Mr. Dale Nejmeldeen reports

DYNACOR GROUP REPORTS SALES OF US$20.1 MILLION FOR FEBRUARY 2024 AND CUMULATIVE SALES OF US$47.0 MILLION IN 2024

Dynacor Group Inc. had recorded unaudited gold sales of $20.1-million (U.S.) ($27.1-million) for February, 2024, as the plant continued running at full capacity, processing 14,000 tonnes. In 2023, February sales amounted to $28.6-million (U.S.) ($38.5-million).

The negative variance of $8.5-million (U.S.) compared with February of 2023 is explained by the postponement to February, of Jan. 16 to Jan. 31 2023, planned exports which contributed to significantly higher monthly sales in February, 2023.

Cumulative sales after two months in 2024 amount to $47-million (U.S.) ($63.5-million) compared with $37.2-million (U.S.) ($50-million) in 2023, a 26.3-per-cent increase.

In February, the average selling price of gold was $2,032 (U.S.) per ounce, compared with $1,845 (U.S.) per ounce last year.

About Dynacor Group Inc.

Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The corporation is engaged in gold production through the processing of ore purchased from the ASM (artisanal and small-scale mining) industry. At present, Dynacor 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 the Apurimac department.

The corporation intends to expand its processing operations in other jurisdictions as well.

Dynacor produces environmental and socially responsible gold through its PX Impact gold program. A growing number of supportive firms from the fine luxury jewellery, watchmakers and investment sectors pay a small premium to Dynacor's customer and strategic partner for this PX Impact gold. The premium provides direct investment to develop health and education projects for the company's artisanal and small-scale miner's communities.

We seek Safe Harbor.