2024 was a record year with 118k oz of gold produced and $284 million in revenues, despite a slight production decline. Despite recent investor dissatisfaction over a capital raise, Dynacor's multi-year growth potential and 7.7x TTM P/E ratio make it a compelling investment. Dynacor Group Inc. remains a speculative buy due to its unique ore-processing model and ambitious expansion plans in Senegal and Ecuador.
Dynacor Group Inc. is a small-cap gold producer/ore processor with impressive shareholder returns, processing ores from artisanal miners. The company recently commissioned a pilot plant in Senegal, which begins a global expansion plan by the company that is expected to quadruple production to ~500koz within the decade. A diversified production base could attract institutional investors and analysts, which could re-rate the stock's valuation.
Dynacor Group Inc. is a small-cap gold producer/ore processor with impressive shareholder returns, processing ores from Peruvian artisanal miners. The company owns a 500 tpd mill producing over 130koz of gold in 2023 with zero debt while paying an above-sector average dividend. Dynacor's business model minimizes capital spent on mine exploration, delivering a 10x return from its 2008 IPO, with strong leverage to rising gold prices.