Dynacor Beats 2025 Sales and Production Guidance and Provides 2026 Outlook
MWN-AI** Summary
Dynacor Group Inc. (TSX: DNG) reported impressive preliminary results for the fourth quarter and full year of 2025, surpassing both sales and production guidance. The company achieved gold-equivalent production of 113,791 ounces for the year, thanks to a strong Q4 performance with 32,838 ounces produced—marking an increase of 20% over Q4 2024. This surge was primarily due to operational optimizations and a swift recovery from previous ore supply challenges.
President and CEO Jean Martineau highlighted the significance of these results, emphasizing the effectiveness of Dynacor's operational strategies and the commitment of the team. The company generated record sales of $397.6 million in 2025, realizing an average price of $3,494 per gold ounce sold. Looking ahead, Dynacor has set an ambitious production target of 125,000 to 135,000 ounces for 2026, anticipating contributions from its newly acquired plants in Ecuador and Senegal.
The company plans to invest heavily in capital expenditures amounting to $39.5 million, focusing on improvement projects in Peru, the ongoing retrofit of the Svetlana plant in Ecuador with initial production expected by the end of 2026, and advancing its Senegal pilot plant to operational status by Q2 2026. The expected net income for 2026 is projected to be between $22 million and $26 million.
These plans reflect a broader diversification strategy aimed at sustainable long-term growth, ensuring ongoing value creation for shareholders. As Dynacor transitions into a new phase of expansion, it remains committed to enhancing operational excellence while fostering formalized artisanal mining practices globally. Full financial results for 2025 will be disclosed around March 26, 2026.
MWN-AI** Analysis
Dynacor Group Inc. (TSX: DNG) has posted impressive preliminary results for Q4 and the full year 2025, showcasing resilience in overcoming prior challenges and setting a robust stage for 2026. With gold-equivalent production reaching 113,791 ounces, Dynacor exceeded its production guidance, closing the year with record sales of $397.6 million. This operational success in Q4 reflects strategic optimizations in Peru and signifies a strong rebound from earlier ore supply disruptions.
Looking ahead to 2026, Dynacor projects production of 125,000 to 135,000 AuEq ounces, bolstered by new contributions from its plants in Ecuador and Senegal. Key to this growth is the expected commissioning of the Svetlana plant in Ecuador by Q4 2026, which will enhance overall processing capacity. Moreover, the guidance for capital expenditure reveals an investment in infrastructure critical for sustaining future output—$22-$25 million earmarked for Ecuador alone. The operational ramp-up in these regions alongside a projected gold price of $4,200 per ounce paints a promising outlook.
Investors should closely monitor Dynacor's development of its properties in West Africa, particularly the Senegal pilot plant slated for ore processing in early 2026. This diversification strategy, alongside a commitment to sustainable practices through projects such as the PX Impact® gold initiative, positions Dynacor favorably against competitors in the precious metals sector.
However, potential investors should remain aware of the risks associated with fluctuating ore grades, gold price volatility, and shifts in operational capacities. With a focus on delivering shareholder value through dividends and strong operational fundamentals, Dynacor could be a worthwhile addition to the portfolios of those seeking exposure to a growing gold production sector combined with socially responsible practices. Keeping an eye on its progress and adapting to market changes will be key for stakeholders in realizing Dynacor's potential.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
MONTREAL, Jan. 19, 2026 (GLOBE NEWSWIRE) -- Dynacor Group Inc. (TSX: DNG) (“Dynacor” or the "Corporation"), is pleased to announce preliminary fourth-quarter and full-year 2025 operating results and its 2026 outlook. All amounts are in US dollars unless otherwise indicated.
President and CEO Jean Martineau said, “Strong gold-equivalent production of 32,838 ounces in Q4-2025 helped deliver another record year for sales, while beating our revised annual production guidance. The commitment and quality of our team enabled us to rebound quickly from adverse Q2-Q3 ore supply events and deliver our strongest production quarter of the past two years. Operational momentum is expected to continue into 2026 with ongoing optimisation in Peru and first contributions from our plants in Ecuador and Senegal.
2026 marks an important year forward for Dynacor as we begin unlocking the potential of our diversification strategy. With this year’s capital expenditure program and material increase in installed capacity, we are positioning the company for long-term growth. Our strategy combines operational excellence with an ambitious expansion plan, ensuring that Dynacor continues to create shareholder value well into the future.”
Q4 & Full-Year 2025 Highlights
- Achieved annual operational and financial guidance:
- Exceeded revised production guidance by delivering gold-equivalent (AuEq) production of 113,791 ounces.
- Exceeded initial sales guidance for the third consecutive year by generating record sales of $397.6 million.
- Realized an average price of $3,494 per gold ounce sold in the year.
- Delivered strong quarterly operating performance:
- Produced 32,838 AuEq ounces, the second-best fourth-quarter result, and a 20% increase compared to Q4-2024.
- Improved recoveries and efficiencies compared to Q4-2024 due to operational changes implemented.
- Acquired Svetlana plant in Ecuador and began its retrofit. Initial production expected in Q4-2026.
- Advanced Senegal pilot plant from planning to on-site delivery of equipment. First ore expected in early Q2-2026.
- Signed an MOU with a potential joint venture partner and began discussions with Ghana’s GoldBod.
- Dynacor to report full-year 2025 financial results on and about March 26, 2026.
2026 Guidance
| 2026 guidance | |
| Sales (in millions of $ (“)) | 530 - 580 |
| Production (in thousands of AuEq oz) | 125 - 135 |
| Net income (in ) | 22 - 26 |
| Capital expenditure | |
| Sustaining capex (in ) – Peru | 6 - 8 |
| Capex (in ) - Senegal | 4 - 5 |
| Capex (in ) - Ecuador | 22 - 25 |
| Capex (in ) - Other | 0.5 - 1 |
Guidance Overview
Production
- Production range of 125,000-135,000 AuEq ounces includes first ore from the Senegal and Ecuador plants. This estimate assumes that the Svetlana plant processes first ore in Q4-2026 and that operations exit the year at a throughput rate of approximately 150 tpd. Svetlana operations will be relaunched at 300 tonnes per day, and commercial production is expected to be achieved in Q1-2027.
Capital expenditures
- Sustaining capital expenditures for 2026 in Peru are expected to be approximately $7 million, of which the majority is related to upgrade of the tailings pond, employee and water supply facilities.
- Capital expenditure in Ecuador includes capital investment of $7 million that was deferred from 2025.The bulk of the expenditure relates to the upgrade of the Svetlana plant tanks, cyclones, tailings and laboratory. Capex expenditure does not include the rehabilitation of two historical tailings ponds.
- Capital expenditure in Senegal includes a portion of the Engineering, Procurement and Construction (EPC) cost for the pilot plant and laboratory, and acquisition of a mobile fleet for the 50-tonne per day pilot plant.
- Other capex includes capital expenditure on other projects in West Africa.
Net income
- Net income guidance includes the impact of the production ramp-ups in Ecuador and Senegal.
Other capital requirements
- Delivery of shareholder returns through monthly dividends of C$0.01333 per common share (C$0.16 annually)
A number of assumptions were made in preparing the 2026 outlook including
- Price of gold: $4,200 per ounce
- No increase in installed operating capacity in Peru and steady ore supply.
- The ore grade supplied may vary with the evolution of the gold price and the purchasing conditions. Final purchasing conditions in Ecuador and Senegal are yet to be determined.
As most of the Corporation's cost of sales relate to the daily purchasing of ore, its margin (and net income) is impacted by the inventory level at quarter-start, the favourable, gradual appreciation of the gold price, and by the ore supply in the period.
About Dynacor
Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The company is expanding to West Africa and within Latin America.
The premium paid by luxury jewellers for Dynacor’s PX Impact® gold goes to Fidamar Foundation, an NGO that mainly invests in health and education projects for artisanal mining communities in Peru. Visit www.dynacor.com for more information.
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.
Contact:
For more information, please contact:
Ruth Hanna
Director, Investor Relations
T: 514-393-9000 #236
E: investors@dynacor.com
Website: http://www.dynacor.com
Renmark Financial Communications Inc.
Bettina Filippone
T: (416) 644-2020 or (212) 812-7680
E: bfilippone@renmarkfinancial.com
Website: www.renmarkfinancial.com
FAQ**
How does Dynacor Gold Mines Inc. DNG:CC plan to leverage its recent operational momentum to achieve its 2026 production guidance of 125,000-135,000 AuEq ounces?
What specific factors influence the expected increase in capital expenditures for Dynacor Gold Mines Inc. DNG:CC in Ecuador and Senegal in 2026?
In light of the anticipated gold price of $4,200 per ounce, how will Dynacor Gold Mines Inc. DNG:CC manage ore supply variability to maintain profitability?
What strategies will Dynacor Gold Mines Inc. DNG:CC implement to ensure the successful integration of new plants in Ecuador and Senegal into its existing operations?
**MWN-AI FAQ is based on asking OpenAI questions about Dynacor Gold Mines Inc. (TSXC: DNG:CC).
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