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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