Mr. Dale Nejmeldeen reports
DYNACOR DECLARES ITS FOURTH QUARTERLY DIVIDEND PAYMENT
Dynacor Gold Mines Inc. has declared a quarterly dividend payment of one cent per common share, payable on July 3, 2019, to shareholders of record as of the close of business on June 19, 2019. The payment represents the fourth quarterly dividend payment made to shareholders. The corporation's quarterly dividend qualifies as an "eligible dividend" for Canadian income tax purposes.
The declaration and payment of dividends are at the discretion of the board and will depend on the corporation's financial results, cash requirements, prospects and other factors deemed relevant by the board.
Dynacor's cash return to shareholders
Dynacor's strategy to return cash to shareholders includes both the quarterly dividend payments, which the board approved in 2018, and an active NCIB (normal course issuer bid) program. The NCIB expires on May 1, 2020.
About Dynacor Gold Mines Inc.
Dynacor is a dividend-paying gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through the processing of ore purchased from small-scale artisanal miners. At present, Dynacor produces and explores in Peru, where its management team has decades of experience and expertise. In 2018, Dynacor produced 81,314 ounces of gold, a yearly best and 1.8-per-cent increase, compared with 2017 (79,897 ounces).
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