Montreal-based Dynacor Gold Mines (TSX:DNG), a dividend-paying industrial gold ore processor, has released its unaudited condensed interim consolidated financials and MD&A for the quarter ended March 31, 2022.
Gold sales for the quarter ended March 31, 2022 came in at US$50.1 million an increase of 22.5% over the US$40.9 reported for the quarter ended March 2021.
The company also reported record net income of US$5.1 million or $0.13 per share for the quarter, compared to net income of US$2.1 million or US$0.05 per share for the comparable quarter in 2021.
Several factors contributed to the record net income.
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- Precious Metals