Dynacor Declares Increased Quarterly Dividend
November 28 2019 - 7:00AM
Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or
the Corporation) is pleased to announce the declaration of
an increased dividend payment of CA $0.015 per common share, a 50%
increase over the last quarter dividend, which will be payable on
January 6th, 2020, to shareholders of record as of the close of
business on December 19, 2019. The payment represents the sixth
quarterly dividend payment made to shareholders. The Corporation
continues to perform well, and this dividend increase reflects its
solid cashflows and financial situation consistent with its
operating and strategic objectives.
The Corporation’s quarterly dividend qualifies
as an “eligible dividend” for Canadian income tax purposes.
The payment and increase 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.
ABOUT DYNACOR
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
artisanal and small-scale miners (ASM). 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% increase as compared with
2017 (79,897 ounces).
Dynacor produces environmental and socially
responsible gold through its ‘’PX Impact’’ gold program. A growing
number of supportive firms from the fine luxury jewelry,
watchmakers and investment sectors are paying a small premium to
our customer and strategic partner for this PX Impact gold. The
premium provides direct investment to develop health and education
projects to our ASM communities.
Dynacor trades on the Toronto Stock Exchange
(DNG) and the OTC in the United States under the symbol
(DNGDF).FORWARD-LOOKING INFORMATION
Certain statements in the preceding may
constitute forward-looking statements, which involve known and
unknown risks, uncertainties and other factors that may cause the
actual results, performance or achievements of Dynacor, or industry
results, to be materially different from any future result,
performance or achievement expressed or implied by such
forward-looking statements. These statements reflect management’s
current expectations regarding future events and operating
performance as of the date of this news release.
Dynacor (TSX: DNG / OTC: DNGDF)Website:
http://www.dynacor.com Twitter: http://twitter.com/DynacorGold
For more information, please contact:
Dynacor
Dale Nejmeldeen Director, Shareholder Relations
Dynacor T: 514-393-9000 #230 E: investors@dynacor.com
PDF
available: http://ml.globenewswire.com/Resource/Download/c7f2191e-d8cf-490d-b220-d8296087a9a6
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