Dynacor Group Inc. reported sales results for the month and year to date ended May 2024. The company recorded unaudited gold sales of USD 23.7 million (CAD 32.4 million)for May 2024, compared to USD 21.5 million (CAD 29.1 million) in May 2023. Sales increase versus May last year of USD 2.2 million or 10.2% is due to increases in sales prices (+USD 3.7 million) partially offset by decreases in sales volumes (-USD 1.5 million). Volumes were impacted by lower grades of ore supplied. In May, the average selling price of gold was USD 2,340 per ounce, compared to USD 1,980 per ounce in May 2023 as gold price continued to remain high.

The 2024 cumulative sales at the end of May amounted to USD 116.4 million, compared to USD 97.3 million for the same period of 2023, a 19.6% increase. The average selling price of gold at the end of May 2024 was USD 2,178 per ounce compared to USD 1,921 per ounce in 2023.