bullish

DNG: Knocked it Out of the Park...Again

107 Views14 Nov 2024 22:00
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SUMMARY
  • DNG reported another record quarter, posting 20% YoY sales growth and 50% YoY EBITDA growth due to the increased gold price and record levels of ore processed.
  • Dynacor again improved its balance sheet, with $42M in cash (up from $35M last quarter) with negligible debt, while also repurchasing shares.
  • We remain bullish on DNG going into 2025 and beyond as its kicks off its plans for expansion in both Peru and West Africa.
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