Reported Earnings • May 15
First quarter 2026 earnings released: EPS: US$0.17 (vs US$0.13 in 1Q 2025) First quarter 2026 results: EPS: US$0.17 (up from US$0.13 in 1Q 2025). Revenue: US$154.1m (up 93% from 1Q 2025). Net income: US$7.32m (up 42% from 1Q 2025). Profit margin: 4.8% (down from 6.4% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 04
Dynacor Group Inc. to Report Q1, 2026 Results on May 14, 2026 Dynacor Group Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 14, 2026 Announcement • Apr 14
Dynacor Group Inc., Annual General Meeting, Jun 19, 2026 Dynacor Group Inc., Annual General Meeting, Jun 19, 2026. Announcement • Apr 10
Dynacor Group Inc. Announces Management Changes Dynacor Group Inc. announced that Jean Martineau, who has served as President since 2007 will retire from the Corporation immediately following the June 2026 Annual Shareholder Meeting (“AGM”). As part of the Corporation’s succession planning, Daniel Misiano, who has served as the COO since 2024, will assume the role of President at that time. Mr. Martineau will stand for election to the Dynacor Board of Directors (“Board”) at the AGM. Daniel Misiano joined Dynacor as COO in November 2024 and is an accomplished mining services executive with over 35 years of experience, having worked in Latin America, Africa, Canada and Europe. Throughout his career, he has consistently delivered measurable success in leading global businesses within the mining services industries including ten years with Atlas Copco. Since joining Dynacor, Misiano has provided leadership of all areas of business management including operational excellence, strategic planning, expansion projects, corporate development, and reorganisation initiatives. Declared Dividend • Mar 29
Dividend of CA$0.013 announced Shareholders will receive a dividend of CA$0.013. Ex-date: 9th April 2026 Payment date: 17th April 2026 Dividend yield will be 2.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but not covered by cash flows (158% cash payout ratio). The dividend has increased by an average of 18% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 27
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: US$0.51 (up from US$0.46 in FY 2024). Revenue: US$397.6m (up 40% from FY 2024). Net income: US$21.3m (up 26% from FY 2024). Profit margin: 5.4% (down from 5.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 55%. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 24
Dynacor Group Inc. Announces April 2026 Dividend, Payable on April 17, 2026 Dynacor Group Inc. announced that its Board of Directors has approved a monthly dividend of CAD 0.01333 per common share (CAD 0.16 annually) for April 2026. This will be payable on April 17, 2026, to shareholders of record as of the close of business on April 9, 2026. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CA$5.06, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 6x in the Metals and Mining industry in Canada. Total returns to shareholders of 80% over the past three years. Announcement • Mar 11
Dynacor Group Inc. Provides Progress Update on Construction and Upgrade Activities At Its Senegal and Ecuador Plants Dynacor Group Inc. provided a progress update on construction and upgrade activities at its Senegal and Ecuador plants. Both plants are on track to process first ore in 2026. Senegal – Site work and shipments continue on schedule for first ore in Second Quarter 2026. Ecuador – Integration continues with major plant contracts awarded. First ore in Fourth Quarter 2026. Ghana – Discussions with Ghana’s GoldBod are advancing. Work on the pilot plant is advancing on schedule with site work continuing in tandem with shipments on site. Deliveries of the modular plant made so far on site include the Merrill Crowe circuit, jaw crusher, leaching tanks, offices and laboratory. All remaining equipment is either in Dakar or in transit to it. Site preparations to host the plant are progressing to plan. Work includes the concrete foundation pour, tailings pond cells, fencing and the access road. The water borehole to supply the plant has been completed. Building on its multi-year discussions with key players, the Corporation is in pricing discussions with local artisanal sites to supply the small ore feedstock needed for the pilot plant. Processing of first ore remains on track for Second Quarter 2026. In parallel, Dynacor has been building visibility in the immediate communities through small, initial community initiatives. These include signing of a partnership agreement between Galam S.A., Dynacor’s subsidiary in Senegal, and a local technical, industrial and mining high school with an aim of creating internship opportunities for local youth and fostering local wealth creation; upgrade of a local road; and donation of school supplies. The Corporation continues its integration of the Svetlana plant on multiple fronts: Process plant - The Engineering, Procurement and Construction Management (EPCM) contract has been awarded for the upgrade of the tailing ponds. Dynacor’s self-performing project team is already on site, which will favour local Ecuador suppliers. The main Requests for Quotation (RFQs) are being prepared for the critical path activities. Dynacor’s subsidiary in Ecuador has been set up and named Sumacor-EC, recruitment of key personnel has begun, and first operational hires are already on site. As part of its commitment to responsible milling, Dynacor has repurposed on-site waste through its delivery to authorised third-party recycling companies. In coordination with local authorities, the Corporation has begun providing as-needed support to local communities in order to build local capacity. This includes promotion of employment for single mothers, training in solid waste management, and improvement of road infrastructure. The 2026 program will include a data collection campaign to improve the quality of socioeconomic information for the host communities. Discussions are deepening with Ghana’s GoldBod regarding Dynacor’s proposal for the structure of its potential operations in Ghana. The Corporation is optimistic that an agreement with GoldBod can be struck that will generate long-term value for all stakeholders. Declared Dividend • Mar 01
Dividend of CA$0.013 announced Shareholders will receive a dividend of CA$0.013. Ex-date: 9th March 2026 Payment date: 17th March 2026 Dividend yield will be 2.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 25
Dynacor Group Inc. Approves Monthly Dividend for March 2026, Payable on March 17, 2026 Dynacor Group Inc. announced on February 24, 2026 that its Board of Directors has approved a monthly dividend of CAD 0.01333 per common share (CAD 0.16 annually) for March 2026. This will be payable on March 17, 2026, to shareholders of record as of the close of business on March 9, 2026. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Director Pierre Beliveau was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Jan 30
Dividend of CA$0.013 announced Shareholders will receive a dividend of CA$0.013. Ex-date: 9th February 2026 Payment date: 17th February 2026 Dividend yield will be 2.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 21% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 27
Dynacor Group Announces February 2026 Dividend, Payable on February 17, 2026 Dynacor Group Inc. announced that its Board of Directors has approved a monthly dividend of CAD 0.01333 per common share (CAD 0.16 annually) for February 2026. This will be payable on February 17, 2026, to shareholders of record as of
the close of business on February 9, 2026. Announcement • Jan 20
Dynacor Group Inc. Provides Earnings and Production Guidance for 2026 Dynacor Group Inc. provided earnings and production guidance for 2026. For the period, the company expects sales between $530 million to $580 million and net income between $22 million to $26 million. The company expects Production between 125,000-135,000 AuEq ounces. Announcement • Jan 19
Dynacor Group Inc. to Report Fiscal Year 2025 Results on Mar 26, 2026 Dynacor Group Inc. announced that they will report fiscal year 2025 results on Mar 26, 2026 Declared Dividend • Dec 27
Dividend of CA$0.013 announced Shareholders will receive a dividend of CA$0.013. Ex-date: 12th January 2026 Payment date: 20th January 2026 Dividend yield will be 2.9%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 21% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Declared Dividend • Dec 01
Dividend of CA$0.013 announced Shareholders will receive a dividend of CA$0.013. Ex-date: 9th December 2025 Payment date: 19th December 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 21% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 27
Dynacor Group Declares Monthly Dividend for December 2025, Payable on December 19, 2025 Dynacor Group Inc. announced its monthly dividend payment for December 2025 in the amount of CAD 0.01333 per common share which will be payable on December 19, 2025, to shareholders of record as of the close of business on December 9, 2025. This dividend represents the sixty-ninth (69th) dividend and fifty-ninth (59th) monthly dividend payment made to shareholders. Announcement • Nov 26
iolite Partners Renews its Call for Leadership Change at Dynacor Group On November 25, 2025, iolite Partners Ltd. announced that it renews its call for leadership change following Dynacor Group Inc.’s Q3 earnings release. iolite Partners calls upon the Company leadership to do the right thing in the best interest of the Company. The President & CEO Jean Martineau and Chairman Pierre Lépine should resign immediately as the first step to restoring credibility, rebuilding trust, and safeguarding shareholder value. Reported Earnings • Nov 16
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$0.13 (down from US$0.16 in 3Q 2024). Revenue: US$100.5m (up 32% from 3Q 2024). Net income: US$5.46m (down 7.1% from 3Q 2024). Profit margin: 5.4% (down from 7.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 9.1%. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 13
Dynacor Group Inc. Provides Earnings Guidance for 2025 Dynacor Group Inc. provided earnings guidance for 2025. For the period, the company expects sales between $340 million to $350 million (YTD $260.2 million) and net income between $14 million to $17 million (YTD $14.1 million). Declared Dividend • Oct 30
Dividend of CA$0.013 announced Shareholders will receive a dividend of CA$0.013. Ex-date: 11th November 2025 Payment date: 19th November 2025 Dividend yield will be 3.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 21% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 88% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 29
Dynacor Group Declares Monthly Dividend for November 2025, Payable on November 19, 2025 Dynacor Group Inc. announced its monthly dividend payment for November 2025 in the amount of CAD 0.01333 per common share which will be payable on November 19, 2025, to shareholders of record as of the close of business on November 11, 2025. This dividend represents the sixty-eighth (68th) dividend and fifty-eighth (58th) monthly dividend payment made to shareholders. New Risk • Oct 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (15% increase in shares outstanding). Declared Dividend • Sep 28
Dividend of CA$0.013 announced Shareholders will receive a dividend of CA$0.013. Ex-date: 9th October 2025 Payment date: 16th October 2025 Dividend yield will be 3.5%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (25% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 21% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to grow by 88% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 26
Dynacor Group Declares Monthly Dividend Payment for October 2025, Payable on October 16, 2025 Dynacor Group Inc. announced its monthly dividend payment for October 2025 in the amount of CAD 0.01333 per common share which will be payable on October 16, 2025, to shareholders of record as of the close of business on October 9, 2025. This dividend represents the sixty-seventh (67th) dividend and fifty-seventh (57th) monthly dividend payment made to shareholders. Announcement • Aug 29
Dynacor Group Declares Dividend for the Month of September 2025, Payable on September 18, 2025 Dynacor Group Inc. announced its monthly dividend payment for September 2025 in the amount of CAD 0.01333 per common share which will be payable on September 18, 2025, to shareholders of record as of the close of business on September 11, 2025. This dividend represents the sixty-sixth (66th) dividend and fifty-sixth (56th) monthly dividend payment made to shareholders. The Corporation’s monthly 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. Announcement • Aug 12
Dynacor Group Inc. Updates Earnings and Production Guidance for the First Half and Full Year 2025 Dynacor Group Inc. updated earnings and production guidance for the first half and full year 2025. For the first half company expects sales to be $159.7 million; net income of $8.6 million; Production of Au Eq 52,005 oz.
For the year company now expects sales of $340 million to $350 million compared to $345 million to $375 million previously. Net income of $14 million to $17 million. Production of Au Eq 105-110,000 oz compared to Au Eq120-130,000 oz previously. Announcement • Jul 24
Dynacor Group Declares Quarterly Dividend for August 2025, Payable on August 19, 2025 Dynacor Group Inc. announced its monthly dividend payment for August 2025 in the amount of CAD 0.01333 per common share which will be payable on August 19, 2025, to shareholders of record as of the close of business on August 11, 2025. This dividend represents the sixty-fifth (65th) dividend and fifty-fifth (55th) monthly dividend payment made to shareholders. Declared Dividend • Jun 30
Dividend of CA$0.013 announced Shareholders will receive a dividend of CA$0.013. Ex-date: 10th July 2025 Payment date: 17th July 2025 Dividend yield will be 3.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 21% per year over the past 7 years. However, payments have been volatile during that time. EPS is expected to decline by 3.1% over the next 3 years. However, it would need to fall by 76% to increase the payout ratio to a potentially unsustainable range. Announcement • Jun 26
Dynacor Group Inc. Announces Monthly Dividend Payment for July 2025, Payable on July 17, 2025 Dynacor Group Inc. announced its monthly dividend payment for July 2025 in the amount of CAD 0.01333 per common share, which will be payable on July 17, 2025, to shareholders of record as of the close of business on July 10, 2025. This dividend represents the sixty-fourth (64th) dividend and fifty-fourth (54th) monthly dividend payment made to shareholders. Announcement • Jun 19
Dynacor Group Inc. Provides Sales Guidance for the Year 2025 Dynacor Group Inc. provided sales guidance for the year 2025. The corporation is on target to meet its annual sales guidance of between $345 million and $375 million. Declared Dividend • Jun 04
Dividend of CA$0.013 announced Shareholders will receive a dividend of CA$0.013. Ex-date: 11th June 2025 Payment date: 18th June 2025 Dividend yield will be 3.3%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 21% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 02
Dynacor Group Inc. Announces Monthly Dividend Payment for June 2025, Payable on June 18, 2025 Dynacor Group Inc. announced its monthly dividend payment for June 2025 in the amount of CAD 0.01333 per common share which will be payable on June 18, 2025, to shareholders of record as of the close of business on June 11, 2025. This dividend represents the sixty-third (63rd) dividend and fifty-third (53rd) monthly dividend payment made to shareholders. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: US$0.13 (vs US$0.13 in 1Q 2024) First quarter 2025 results: EPS: US$0.13. Revenue: US$80.0m (up 18% from 1Q 2024). Net income: US$5.15m (up 7.7% from 1Q 2024). Profit margin: 6.4% (down from 7.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. Recent Insider Transactions • May 05
Independent Chairman of the Board recently bought CA$57k worth of stock On the 1st of May, Pierre Lepine bought around 12k shares on-market at roughly CA$4.66 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth CA$1.3m. Pierre has been a buyer over the last 12 months, purchasing a net total of CA$282k worth in shares. Announcement • Apr 28
Dynacor Group Inc. Announces Chief Financial Officer Changes Dynacor Group Inc. announced with deep gratitude the retirement of Mr. Léonard Teoli and the appointment of a new Chief Financial Officer. After a 14-year career at Dynacor and following a long-standing transition plan, Mr. Léonard Teoli will retire from the Corporation as Chief Financial Officer and Vice-President, Finance. He had informed both the CEO Jean Martineau and the board in June 2024 of his intention to retire after the 2024 year-end financial results. The Corporation is pleased to announce, effective May 1, 2025, the appointment of Stéphane Lemarié as new Chief Financial Officer and Vice-President, Finance. Stéphane is a seasoned accounting and finance executive with over 25 years of experience in senior auditing and finance management roles in multinational environments within both public and private corporations. He joined Dynacor in 2017 as Controller and Director of Financial Information where he has successfully stewarded the company’s financial reporting and capital allocation. Prior to this, he spent three years at MPC (Technicolor) in Montreal where he held the key role of Financial Controller. Stéphane began his career in international finance as an auditor for KPMG in France, serving large industrial clients for 14 years. Declared Dividend • Apr 27
Dividend of CA$0.013 announced Shareholders will receive a dividend of CA$0.013. Ex-date: 8th May 2025 Payment date: 15th May 2025 Dividend yield will be 3.0%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 20% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 24
Dynacor Group Inc. Declares Monthly Dividend for May 2025, Payable on May 15, 2025 Dynacor Group Inc. announced its monthly dividend payment for May 2025 in the amount of CAD 0.01333 per common share which will be payable on May 15, 2025, to shareholders of record as of the close of business on May 8, 2025. Announcement • Apr 22
Dynacor Group Inc. to Report Q1, 2025 Results on May 15, 2025 Dynacor Group Inc. announced that they will report Q1, 2025 results on May 15, 2025 Announcement • Apr 02
Dynacor Group Inc. (TSX:DNG) executed a conditional letter of offer and indicative terms to acquire Arkham Metals SAS from Pelorus Minerals Ltd. for $9.8 million. Dynacor Group Inc. (TSX:DNG) executed a conditional letter of offer and indicative terms to acquire Arkham Metals SAS from Pelorus Minerals Ltd. for $9.8 million on March 31, 2025. As of the consideration Dynacor will pay $9.45 million at closing, along with a $0.15 million upfront exclusivity payment, while $0.15 million will be held back for 60 days to cover potential liabilities. The deal is not contingent on financing. Arkham Metals SAS consists of a permitted carbon-in-pulp processing plant on a 36.5-hectare land concession in Portovelo, El Oro, southern Ecuador, with permits for up to 1,500 tpd. Dynacor plans to invest $25 million over the next 12 months in capital expenditures, plant refurbishing, and working capital for the project. To support this, the company recently completed a $22.1 million financing (CA$31.6 million), with proceeds allocated for expansion into other jurisdictions and general working capital. The Offer is subject to due diligence and final approval from Dynacor’s Board of Directors. Declared Dividend • Mar 31
Dividend of CA$0.013 announced Shareholders will receive a dividend of CA$0.013. Ex-date: 10th April 2025 Payment date: 17th April 2025 Dividend yield will be 3.1%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 20% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 29
Dynacor Group Inc. Declares April 2025 Dividend, Payable on April 17, 2025 Dynacor Group Inc. announced its monthly dividend payment for April 2025 in the amount of CAD 0.01333 per common share which will be payable on April 17, 2025, to shareholders of record as of the close of business on April 10th, 2025. This dividend represents the sixty-first (61st) dividend and fifty-first (51st) monthly dividend payment made to shareholders. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: US$0.46 (vs US$0.39 in FY 2023) Full year 2024 results: EPS: US$0.46 (up from US$0.39 in FY 2023). Revenue: US$284.4m (up 14% from FY 2023). Net income: US$16.9m (up 12% from FY 2023). Profit margin: 5.9% (down from 6.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year. Announcement • Mar 07
Dynacor Group Inc., Annual General Meeting, Jun 17, 2025 Dynacor Group Inc., Annual General Meeting, Jun 17, 2025. Announcement • Mar 03
Dynacor Group Inc. Provides Earnings and Production Guidance for the Year 2025 Dynacor Group Inc. provided earnings and production guidance for the year 2025. For the year, the company expects sales to be USD 345 million to USD 375 million, Production to be 120,000 Au Eq oz to 130,000 Au Eq oz and Net income USD 14 million to USD 17 million. Declared Dividend • Feb 28
Dividend of CA$0.013 announced Shareholders will receive a dividend of CA$0.013. Ex-date: 10th March 2025 Payment date: 19th March 2025 Dividend yield will be 2.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 20% per year over the past 7 years. However, payments have been volatile during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 26
Dynacor Group Inc. Declares March 2025 Dividend, Payable on March 19, 2025 Dynacor Group Inc. announced its monthly dividend payment for March 2025 in the amount of CAD 0.01333 per common share which will be payable on March 19, 2025, to shareholders of record as of the close of business on March 10, 2025. This dividend represents the sixtieth (60th) dividend and fiftieth (50th) monthly dividend payment made to shareholders. Announcement • Feb 21
Dynacor Group Inc. announced that it has received CAD 0.6875 million in funding On February 20, 2025 Dynacor Group Inc. closed the transaction. The transaction includes participation from three investors. The company will pay sales commission of CAD 41,248.7922 ($28,801). Recent Insider Transactions • Feb 09
Director recently bought CA$220k worth of stock On the 6th of February, Philippe Chave bought around 40k shares on-market at roughly CA$5.50 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$541k more in shares than they have sold in the last 12 months. Announcement • Feb 06
Dynacor Group Inc. has completed a Follow-on Equity Offering in the amount of CAD 27.5 million. Dynacor Group Inc. has completed a Follow-on Equity Offering in the amount of CAD 27.5 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: CAD 5.5
Discount Per Security: CAD 0.33 Announcement • Jan 31
Dynacor Group Inc. has filed a Follow-on Equity Offering in the amount of CAD 20.0002 million. Dynacor Group Inc. has filed a Follow-on Equity Offering in the amount of CAD 20.0002 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 3,636,400
Price\Range: CAD 5.5 Declared Dividend • Jan 30
Dividend of CA$0.013 announced Shareholders will receive a dividend of CA$0.013. Ex-date: 10th February 2025 Payment date: 18th February 2025 Dividend yield will be 2.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 24% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 29
Dynacor Group Declares February 2025 Dividend, Payable on February 18, 2025 Dynacor Group Inc. announced its monthly dividend payment for February 2025 in the amount of CAD 0.01333 per common share which will be payable on February 18, 2025, to shareholders of record as of the close of business on February 10, 2025. This dividend represents the fifty-ninth (59th) dividend and forty-ninth (49th) monthly dividend payment made to shareholders. Upcoming Dividend • Jan 05
Upcoming dividend of CA$0.013 per share Eligible shareholders must have bought the stock before 09 January 2025. Payment date: 17 January 2025. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Canadian dividend payers (6.3%). Higher than average of industry peers (1.9%). Declared Dividend • Dec 22
Dividend of CA$0.013 announced Shareholders will receive a dividend of CA$0.013. Ex-date: 9th January 2025 Payment date: 17th January 2025 Dividend yield will be 2.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 22% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Dec 19
Dynacor Group Inc. Declares Monthly Dividend Payment for January 2025, Payable on January 17, 2025 Dynacor Group Inc. announced the declaration of a 14.3 % increased monthly dividend payment for January 2025 of CAD 0.01333 per common share which will be payable on January 17, 2025, to shareholders of record as of the close of business on January 9, 2025. This dividend represents the fifty-eighth (58th) dividend and forty-eighth (48th) monthly dividend payment made to shareholders. The Corporation’s monthly 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. Declared Dividend • Dec 02
Dividend of CA$0.012 announced Shareholders will receive a dividend of CA$0.012. Ex-date: 11th December 2024 Payment date: 19th December 2024 Dividend yield will be 2.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 22% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 28
Dynacor Group Inc. Announces Monthly Dividend Payment for December 2024, Payable on December 19, 2024 Dynacor Group Inc. announced its monthly dividend payment for December 2024 in the amount of CAD 0.01167 per common share which will be payable on December 19, 2024, to shareholders of record as of the close of business on December 11, 2024. This dividend represents the fifty-seventh (57th) dividend and forty-seventh (47th) monthly dividend payment made to shareholders. Announcement • Nov 20
Dynacor Group Appoints Daniel Misiano as Chief Operating Officer Dynacor Group Inc. announced the appointment of Daniel Misiano as Chief Operating Officer. This strategic appointment comes at an important time of organizational growth for Dynacor. Daniel has a wealth of experience at managing large-scale businesses, both nationally and internationally, where he has demonstrated a keen sense of strategy and strong leadership. Throughout his career, Daniel has held a number of positions of responsibility in different industrial sectors. For example, as President of MBI Global, he oversaw impressive growth that positioned the company among industry leaders through ambitious international expansion. His career path also took him to work for multinationals such as Atlas Copco, where he contributed to innovative projects and the successful integration of new divisions within the company. Over the years, he has gained extensive experience in Africa and South America. Recognized for his pragmatic, results-oriented approach, Daniel has developed and executed complex business strategies while fostering team collaboration. He brings to Dynacor a unique combination of skills in team management, new market development and strengthening international operations. His refined leadership and understanding of international dynamics will be essential assets in supporting Dynacor in its growth projects, particularly in the development of its global activities. Daniel is also trilingual and fluent in French, English and Spanish, enabling him to navigate with ease in multicultural environments. This appointment marks a new stage in the history and growth trajectory of Dynacor, which continues to strengthen its position as leader in its sector. Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: US$0.16 (vs US$0.066 in 3Q 2023) Third quarter 2024 results: EPS: US$0.16 (up from US$0.066 in 3Q 2023). Revenue: US$76.2m (up 20% from 3Q 2023). Net income: US$5.87m (up 131% from 3Q 2023). Profit margin: 7.7% (up from 4.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 12
Dynacor Group Announces Board Changes Dynacor Group Inc. announced with deep gratitude the retirement of Mr. Roger Demers, member of the board of directors and chairman of the audit committee, after more than 15 years of dedicated service. Mr. Demers joined the Dynacor board in 2009 and played an essential role in the evolution and growth of company. During his tenure, Mr. Demers brought valuable expertise and strategic vision that helped strengthen position in the market. His leadership on the audit committee has been particularly notable, ensuring the transparency and integrity of financial operations. Mr. Demers has also been a mentor to many members of the team, generously sharing his knowledge and experience. His passion for excellence and dedication to the company's mission left a lasting imprint. The members of the Board of Directors, members of management as well as employees of Dynacor Group Inc. also congratulate Mr. Demers for his great contribution and his greatly appreciated personality. The Company also announced the appointment of Mr. Pierre Béliveau CPA as the Company’s new Director. In addition to his role on the Board of Directors, Mr. Béliveau will also chair the Audit and Risk Management Committee, where he will use his expertise to ensure the transparency and integrity of company’s financial processes. He began his career at PWC (formerly PW) where he worked with various clients in the mining industry, among others. Mr. Béliveau has extensive experience in the field of public companies, having held several management positions in the mining sector. His impressive career also includes overseas assignments, including more than ten years in West Africa, where he contributed to various major projects, strengthening his skills in financial management and corporate strategy. Declared Dividend • Nov 01
Dividend of CA$0.012 announced Shareholders will receive a dividend of CA$0.012. Ex-date: 8th November 2024 Payment date: 19th November 2024 Dividend yield will be 2.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 22% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 34% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Oct 29
Dynacor Group Inc. Declares November 2024 Dividend, Payable on November 19, 2024 Dynacor Group Inc. announced its monthly dividend payment for November 2024 in the amount of CAD 0.01167 per common share which will be payable on November 19, 2024, to shareholders of record as of the close of business on November 8, 2024. This dividend represents the fifty-sixth (56th) dividend and forty-sixth (46th) monthly dividend payment made to shareholders. Declared Dividend • Sep 30
Dividend of CA$0.012 announced Shareholders will receive a dividend of CA$0.012. Ex-date: 10th October 2024 Payment date: 17th October 2024 Dividend yield will be 2.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 22% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 34% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Sep 12
Now 22% overvalued Over the last 90 days, the stock has fallen 5.4% to CA$5.12. The fair value is estimated to be CA$4.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 16%. Declared Dividend • Sep 01
Dividend of CA$0.012 announced Shareholders will receive a dividend of CA$0.012. Ex-date: 10th September 2024 Payment date: 17th September 2024 Dividend yield will be 2.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 22% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 34% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 29
Dynacor Group Declares Dividend for the Month of September 2024, Payable on September 17, 2024 Dynacor Group Inc. announced its monthly dividend payment for September 2024 in the amount of CAD 0.01167 per common share which will be payable on September 17, 2024, to shareholders of record as of the close of business on September 10, 2024. This dividend represents the fifty-fourth (54th) dividend and forty-fourth (44th) monthly dividend payment made to shareholders. The Corporation’s monthly 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. Recent Insider Transactions • Aug 22
Independent Chairman of the Board recently bought CA$75k worth of stock On the 20th of August, Pierre Lepine bought around 14k shares on-market at roughly CA$5.22 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Pierre's only on-market trade for the last 12 months. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: US$0.12 (vs US$0.12 in 2Q 2023) Second quarter 2024 results: EPS: US$0.12 (up from US$0.12 in 2Q 2023). Revenue: US$67.4m (up 4.6% from 2Q 2023). Net income: US$4.50m (flat on 2Q 2023). Profit margin: 6.7% (down from 6.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 29
Dividend of CA$0.012 announced Shareholders will receive a dividend of CA$0.012. Ex-date: 9th August 2024 Payment date: 16th August 2024 Dividend yield will be 2.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (23% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 22% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jul 26
Dynacor Group Inc. Announces Its Monthly Dividend Payment for August 2024, Payable on August 16, 2024 Dynacor Group Inc. announced its monthly dividend payment for August 2024 in the amount of CAD 0.01167 per common share which will be payable on August 16, 2024, to shareholders of record as of the close of business on August 9, 2024. Announcement • Jul 18
Dynacor Group Inc. Provides Sales Guidance for the Year 2024 Dynacor Group Inc. provided sales guidance for the year 2024. For the year, the company expects sales to be USD 265 million -USD 285 million using a market gold price ranging between USD 2,000 per ounce and USD 2,050 per ounce. Declared Dividend • Jul 01
Dividend of CA$0.012 announced Shareholders will receive a dividend of CA$0.012. Ex-date: 10th July 2024 Payment date: 18th July 2024 Dividend yield will be 2.5%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (23% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 23% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
Dynacor Group Inc. Announces Its Monthly Dividend Payment for July 2024, Payable on July 18, 2024 Dynacor Group Inc. announced its monthly dividend payment for July 2024 in the amount of CAD 0.01167 per common share which will be payable on July 18, 2024, to shareholders of record as of the close of business on July 10, 2024. This dividend represents the fifty-second (52nd) dividend and forty-second (42nd) monthly dividend payment made to shareholders. Announcement • Jun 19
Dynacor Group Inc. Provides Earnings Guidance for the Year 2024 Dynacor Group Inc. provides earnings guidance for the year 2024. For the period, the company expects sales guidance for 2024 ranging between USD 265 million - USD 285 million using a market gold price ranging between USD 2,000 and USD 2,050 per ounce. Declared Dividend • May 31
Dividend of CA$0.012 announced Shareholders will receive a dividend of CA$0.012. Ex-date: 7th June 2024 Payment date: 18th June 2024 Dividend yield will be 2.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (23% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 22% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 30
Dynacor Group Inc. Announces Its Monthly Dividend Payment for June 2024, Payable on June 18, 2024 Dynacor Group Inc. announced its monthly dividend payment for June 2024 in the amount of CAD 0.01167 per common share which will be payable on June 18, 2024, to shareholders of record as of the close of business on June 7, 2024. Announcement • May 24
Dynacor Group Inc. Provides Sales Guidance for the Year 2024 Dynacor Group Inc. provided sales guidance for the year 2024. The Corporation announced sales guidance for 2024 ranging between USD 265 million and USD 285 million using a market gold price ranging between USD 2,000 and USD 2,050 per ounce. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: US$0.13 (vs US$0.12 in 1Q 2023) First quarter 2024 results: EPS: US$0.13 (up from US$0.12 in 1Q 2023). Revenue: US$67.7m (up 19% from 1Q 2023). Net income: US$4.78m (up 7.0% from 1Q 2023). Profit margin: 7.1% (down from 7.9% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 24% per year and the company’s share price has also increased by 24% per year. Board Change • May 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Cyril Gradis was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 
