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drbubb

Cycles, & GEI's Favorite Gold shares

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Cycles, & GEI's 3-Favorite Gold shares

Update on the Favorite-Gold stocks: Did some selling of GCMwtB this week, though they may not be done with their Rally just yet.

Favored-3 Gold miners: ... update : +MUX: +AAZ10d.// Radar: A: B: C: D :

GOLD shares, Favored-4 vs.GDXJ ... update /

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The "favored three" is led by this one, GCM.t, Gran Colombian Gold:

4yrs > see: GCM thread

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UPDATE, 2/21: GCM broke out to $6.97 as ROXG lags at $0.98 (despite good drilling news). GDXJ: $44.97

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Favorite-3 or 4 Gold miners: ... update : +MUX : 10d./ Radar: A: B: C: D?

McEwen Mining / MUX was a Poor choice, and it fell out of the "Golden Circle", and so does not make the cut.

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DNG is now in... Into the Favored-4 /

xx

++

I sold my WM/ Walbridge shares too soon (last sold in early Nov.)... at a very good price compared to my cost

Fav-3 : WM.t / Last: $0.82

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+++

Fortunately, I got some shares of AAG.v / Aftermath Silver in the 8-cent placement

Fav-3 : AAG.v / Last: $0.40 - that's 5X, and I also got "free" warrants at 12-cents

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===

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BOUGHT some of these, Dynacor - a dividend-paying Gold related stock

- Might add it to the Favored few... if the price starts to improve from here

DNG / Dynacor Gold mines .... All-data: 10yr: 5yr: 2y / Last: C$1.61 (1.30= US$ xx)

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GDXJ -vs. DNG etc... update : C$1,58 / 40 = 3.95%

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Ratio: C$1.58 / 40 = 3.95%

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Some decent news from Dynacorp

Recent Bulletins News ReleasesIn The NewsOther
Date ET Symbol Price Type Headline
2020-01-16 11:43 C:DNG 1.60 News Release Dynacor Gold resumes gold exports Peru
2020-01-09 15:14 C:DNG 1.60 In the News Int'l Speculator says buy Dynacor Gold Mines
2019-12-27 09:11 C:DNG 1.76 News Release Dynacor blames lack of Dec. income on Peruvian customs

Dynacor Gold Mines Inc. has resumed its gold exports.

The shipment retained from December, 2019, is still under review with Peruvian customs authorities. Following the export retention, the corporation submitted 7,800 pages of supporting documents. With this, management expects to obtain the final clearance of the one shipment retained in early December. Upon completion of the review, the corporation will immediately publish a news release informing the market.

The corporation continues to operate the mill normally and, in fact, it purchased a record amount of gold ore in December, 2019. Final quarterly and year-end production numbers will be made available in the coming days.

===

Int'l Speculator says buy Dynacor Gold Mines

2020-01-09 15:14 ET - In the News

The International Speculator, in its Dec. 20, 2019, issue, says buy Dynacor Gold Mines Inc. at $1.78, officially, "Buy up to $1.95." The newsletter said buy nine times between July 8, 2013, and April 4, 2019, at prices ranging from $1.15 to $2.20. Assuming a $1,000 investment for each of the nine buys, the $9,000 holding is worth $9,187. The buy comes without elaboration.

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Missed this thread and so missed DNG 😕, I think you know my favourite by now......AAZ of course!

I’ll go away and contemplate an answer on the others, as do I pick the ones that made me the most profit or the ones I just enjoyed holding, good management, relatively risk free picks etc 🤔 hmm; I’ll be back.

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Yes, AAZ has been a real gem, for sure.

I missed it possibly because it is traded in London, rather than North America

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On 1/18/2020 at 9:27 AM, drbubb said:

Yes, AAZ has been a real gem, for sure.

I missed it possibly because it is traded in London, rather than North America

Understandable, I kind of got lucky and only spotted it because somebody I conversed with a fair amount, had been flagging its virtues but noted it was noted it was being hammered due to a forced seller (Bashirov); effectively I’d bookmarked it as a turnaround situation waiting to happen.

Finally convinced he was out, I actually piled in a the rock bottom and held and held and held because I believed AAZ was strongly undervalued and had immense potential, with director actions rarely aligned to other shareholders and lots of skin in the game. So that my all time No1.

No.2 favourite on reflection has to be Goro. As frizzers got me hooked around the time I signed up to GEI and it was a rare goldie that delivered and paid dividends; the first gold producer that kind of made me think about miners rather than the metal itself, stopped me being a p.m physical bug, changed my p.m trading mindset.

No.3 is relatively new but has to be GCM currently, because I’ve largely enjoyed the journey and flipping weighting’s most of last year between that and Wallbridge(close 3rd but still 4th - probably because I now don’t hold) those 2 were great rides and I think Roxg in time will be, but right now Gran Colombia has churned most profit trading and holding. So it gets my 3rd favourite pick.

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Anglo-Asian (AAZ) competes well with GCM - since May 2019

Fav-3 + AAZ ... update: 10d/ Gcm-$5.42, Vit-$8.61, Roxg-$0.89 + AAZ-143.50 (26.5x GCM)

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Trendlines v.2

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Which version on Trendlines do you like better - and think will best define future price moves?

(the more I look at the tow versions, the more I like v.2.. and v.2B might also work)

v.2B

hP2Hpjl.gif

 

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On 1/13/2020 at 5:23 PM, drbubb said:

BOUGHT some of these, Dynacor - a dividend-paying Gold related stock

- Might add it to the Favored few... if the price starts to improve from here

DNG / Dynacor Gold mines .... All-data: 10yr: 5yr: 2y / Last: C$1.61 (1.30= US$ xx)

rTCjOb2.gif

GDXJ -vs. DNG etc... update : C$1,58 / 40 = 3.95%

Ratio: C$1.58 / 40 = 3.95%

PFxKpNS.png

 

===> DNG price up to $1.71 now... Ratio: C$1.71 / 41.60 = 3.11%  (from 2.95%)

Recent Bulletins News ReleasesIn The NewsOther
Date ET Symbol Price Type Headline
2020-01-23 08:11 C:DNG 1.71 News Release Dynacor Gold produces 80,677 oz Au in 2019
2020-01-16 11:43 C:DNG 1.60 News Release Dynacor Gold resumes gold exports Peru

DYNACOR BOOSTS ITS PURCHASES OF ORE TO A RECORD HIGH IN 2019

Dynacor Gold Mines Inc. has provided its fourth quarter and annual 2019 production results.

Fourth quarter and annual 2019 gold production results

  • Recorded its best quarterly and annual ore purchase volume;
  • Achieved all-time best quarterly processing average volume of 330 tpd (tonnes per day) and gold production of 24,352 ounces;
  • Full year production of 80,677 ounces of gold, including 46,582 ounces in the second semester surpassing its 2019 revised guidance.

In December, the corporation recorded its best monthly ore purchase volume and gold production, with purchases of 11,306 tonnes and a production of 8,815 ounces of gold. December gold production volume was 34.9 per cent higher than the 2019 year to date monthly average.

The Veta-Dorada plant ended 2019 at an all-time high quarterly production level of 330 tpd, processing a total of 98,649 tonnes of gold ore compared with 91,512 tonnes in 2018, an increase of 7.8 per cent. The total volume of ore purchased in 2019 amounted to 105,238 tonnes compared with 90,977 in 2018, an increase of 15.7 per cent.

At the end of 2019, the corporation had accumulated non-exported production of approximately 8,500 ounces, including a shipment of 2,650 ounces, which was, and is still retained for control procedures by the Peruvian Customs authorities (see press releases Dec. 27, 2019, and Jan. 16, 2020). Exportations have resumed in January, 2020.

Increases dividend by 50 per cent

The corporation announced on Nov. 28, 2019, a 50-per-cent dividend increase, bringing its annual dividend to six cents per share, which (at the time of this writing) pays a forward yield of 3.5 per cent.

About Dynacor Gold Mines Inc.

Dynacor is a dividend-paying gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through the processing of ore purchased from the ASM (artisanal and small-scale mining) industry.

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GCM Soars

$5.65 +0.26, +4,82% / YrH is $5.91

(in edit):

The close was even stronger:

$5.94 +0.55, +10.20% > New High !

Vol. 868.5k

(in edit - & then several hours later, after trading above $6):

GCM announced a Rights issue, at $5.60 (with wts)

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CYCLE may soon push GDXJ to retest the Year's High ($43,23)

TLT; GDXJ, GLD... update/ fr. xx

GDXJ: $41.29 +$1.06, +2.63%/ GLD: $148.46 vs. YrH: $149.32 / TLT: $144.56; YrH: $148.90/

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On the Radar Screen, but not necessarily Top 3, are: / Radar: A: B: C: D?

====
Sym.: Company===:$Price: BkVal Pr/BV MkCap EntVal.: Ebitda : EV/eb: E.P.S.: $Debt: Div. :
AMM: Almaden Minl: $0.60: $0.62: 97 %  $67.0M $66.3M: (0.0M): -16.2x (0.03) 2.82M: $0.00:
ATY- : Atico Mining-: $0.38: $0.50: 76. % $45.2M $56.8M: 16.0M: r3.55 : (0.01) 8.02M: $0.00:
DNG : Dynacor Gold : $1.71: $1.53: 112% $66.2M $56.4M: 11.3M: r4.97 : $0.14: 1.44M: $0.03:
FF -  : First Min Gold : $0.22: $0.45: 49. % $130.M $119.M: ( neg.): -23.3x: (0.02) - N/A-: $0.00:
GRZ : Gold Reserve  : $2.13: $0.88: 242% $196.M $133.M: (7.3M) -17.9x: (0.31) 276.M: $0.00:
MAX: Midas Gold — : $0.54: $0.16: 335% $146M $ 147.M: (29.M) -4.99x (0.02) $26.4M $0.00
MAI : MineraAlamos: $.275: $0.00: 55.x   $112M $ 98.7M: (26.M) -3.79x (0.02) $2.59M $0.00
OIII  : O3 Mining Inc. : $2.46: $3.43: 72. % $117M $79.0M: (5.6 M) -14.0x (0.85) $0.21M $0.00
OOO: Otis Gold Corp: $0.12: $0.17: 73. % $21.1M $20.1M: (948.K) -21.2x (.009) --N/A--- $0.00
PGM: Pure Gold Mng: $0.77: $0.15: 507% $276M $212.M: (11. M) -12.9x (.077) $19.4M $0.00
RRI - : Riverside Res.-: $0.14: $0.16: 88. %  $9.1M $3.97M: (768.k) -5.17x (.024) —N/A— $0.00
Roxg: RoxGold ——— : $0.99: $0.44: 214.% $367M $387M: $67.M: r-5.77 (,006) $37.0M $0.00
TKO : Taseko Mines- : $0.58: $1.28: 45. % $143.M $490M: $52.M: r-9.41 (0.27) $122.M $0.00
VIT- : Victoria Gold -- : $8.43: $5.28: 160.% $490M $714M: ($37M) -19.3x (0.62) $293M $0.00: new producer
RCT : Rochester Res.: $0.05: (1.10): NMF  $1.04M $11.2M ($650k)
LOT : Toma Gold —- :
=====

GrpA (AMM, DNG, FF, GRZ): 5yr: 2yr: 1yr: 6mo: 10d /

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GprB ( MAX, RRI, OII, OOO): 5yr: 2yr: 1yr: 6mo: 10d /

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GrpC (PGM, VIT, ROXG, TKO): 5yr: 2yr: 1yr: 6mo: 10d /

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GrpD (LOT, MAI, ???): 5yr: 2yr: 1yr: 6mo: 10d /

xx

You may also want to look at Atico Mining (ATY) : from 2017: $0.37
JUChkHh.gif

Smaller scale, different risks, Gold Copper  plus new good project as well.
Should easiiy beat your numbers by year end  if they don't run into problems and copper doesn't dive.
/ 2 /
aty gets 3x the revenue from copper than gold. if i were to give a negative spin on aty the same way you were trying to give a negative spin on gcm, i would say aty is only a copper miner with gold byproduct. it has resources of a mere 131k oz gold and p&p of a minuscule 89k oz. gcm has way higher gold oz production to market cap than aty.

what do you do if the corona virus triggers a recession and the copper price plunges? most people here are interested in gold miners rather than base metal miners. if gold price shoots up, gcm holders reap the rewards while aty holders stare at the copper price not moving or going down.  you want us to look forward to great aty out-performance in 2020 when their management guidance is for a meagre 11k oz gold production for the entire year of 2020?
 
would not be so sure about that. the copper price is down from previous year. the last 2 quarters aty had ev/fcf of infinity. q3 they had negative fcf, they only increased cash by drawing down a loan. q3 was explained by a delay in shipment. so going back to q2 they had a large negative fcf, and that was explained by a strike. q1 had positive fcf but they spent little on mine investment. you can't say aty has a better ev/fcf when it has not happened yet if ever. and what happens when they start building their ecuador mine, how much fcf will they have then? gcm spun off marmato so any cash use or debt is on caldas and goldx books, not gcm.

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UPDATE, 2/21: GCM broke out to $6.97 as ROXG lags at $0.98 (despite good drilling news). GDXJ: $44.97

Favored-3 Gold miners: ... update : +MUX: +AAZ10d.// Radar: A: B: C: D?

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DNG... all-data / Last: $1.89 - if DNG breaks $2.00, it could run quickly to $2.50+

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If I sell out of GCM eventually, I may replace DNG for GCM as one of the...

FAV. 3 Gold shares - v.2 ... update :

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I also bought some ATY recently

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Taseko has dropped a bit faster than copper

TKO vs. Copper : update / Last: C$0.54 /

8hbcseo.gif

Operational results in Q4  were negative, thanks to lower copper prices

SEE MORE, on Copper Cycles thread

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On 2/14/2020 at 6:13 PM, drbubb said:

On the Radar Screen, but not necessarily Top 3, are: / Radar: A: B: C: D?

====
Sym.: Company===:$Price: BkVal Pr/BV MkCap EntVal.: Ebitda : EV/eb: E.P.S.: $Debt: Div. :
. .
OOO: Otis Gold Corp: $0.12: $0.17: 73. % $21.1M $20.1M: (948.K) -21.2x (.009) --N/A--- $0.00

I HAVE SOME from below 12 cents

0.17
Change:
arrow +0.045

EXcelloN (0.76 -0.04) x 0.23 = 0.175

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Transaction particulars

Under the terms of the transaction, Excellon will acquire all outstanding shares of Otis at a share exchange ratio of 0.23 Excellon share for each Otis share. Each Otis warrant will become exercisable for Excellon common shares, as adjusted in accordance with the Exchange ratio. Each Otis option outstanding will be exchanged for an Excellon option to acquire Excellon common shares as adjusted in accordance with the exchange ratio. Based on the exchange ratio, upon completion of the transaction, existing Excellon shareholders will own 74 per cent and former Otis shareholders will own 26 per cent of the combined company.

EXCELLON RESOURCES TO ACQUIRE OTIS GOLD CREATING A NEW MULTI-ASSET PRECIOUS METALS COMPANY

Excellon Resources Inc. and Otis Gold Corp. have entered into a definitive agreement whereby Excellon will acquire all the issued and outstanding shares of Otis Gold pursuant to a plan of arrangement under the Business Corporations Act (British Columbia).

The combined company will be a well-financed precious metals producer with established silver production in Mexico and an attractive gold development project in the United States. The transaction is an initial step in Excellon becoming a larger multiasset precious metals company.

Transaction highlights:

  • Enhanced portfolio of projects for the new precious metals bull market: combines Platosa's high-grade silver production with high-return and low-risk Kilgore development project, creating a pipeline for growth;
  • Significant exploration upside: active exploration on four key mineral trends including the CRD and Fresnillo epithermal silver trends in Mexico, the re-emerging Idaho gold region, and the historic Freiberg district in Saxony, all known for multimillion-ounce precious metal discoveries;
  • Geographic diversification: diverse, well-established mining jurisdictions across two continents, reducing single-asset risk;
  • Enhanced capital market profile: combined company to be well financed with $10-million (U.S.) in cash and available funds and is expected to have a market capitalization of approximately $124-million and will be listed on the Toronto Stock Exchange in Canada. Excellon also intends to apply for a listing on the New York Stock Exchange in the United States;
  • Proven board and management: integrates board and management that can discover, permit, finance, develop and operate mining assets to industry-leading standards, with proven experience in North America;
  • Unanimous board approval and shareholder support: boards of directors of both companies unanimously recommending support for the transaction. Additionally, 25 per cent of Otis Gold and 20 per cent (including Eric Sprott) of Excellon shareholders have entered into voting support agreements.

Excellon president and chief executive officer Brendan Cahill stated: "The acquisition of Otis Gold represents an exceptional opportunity to further Excellon's vision of creating wealth. We believe that we are at the dawn of a new bull market in precious metals. The Kilgore deposit multiplies our resource base and increases our precious metal exposure from approximately 50 per cent to over 90 per cent. Kilgore represents a low-cost, high-IRR development opportunity that complements and enhances our existing growth pipeline of production and exploration. With Kilgore, we will maintain our focus on exploration, the lifeblood of our industry. We have an immediate plan to grow the existing Kilgore resource and define the larger, multimillion-ounce opportunity."

. . .

In 2019, Otis Gold completed a preliminary economic assessment that supports the potential for a low-capital-intensity, low-operating-cost, open-pit, heap-leach mining operation, which projects an initial capital cost of $81-million (U.S.), producing 112,500 ounces of gold per year over a 4.9-year mine life and generating highly attractive economics at $1,300 (U.S.) gold, including a posttax $110-million (U.S.) NPV5 and 34-per-cent IRR. At $1,500 (U.S.) gold, the project delivers a projected posttax $185-million (U.S.) NPV5 and 53-per-cent IRR (see Otis Gold press release dated Aug. 27, 2019). Multiple opportunities exist to enhance the project, including significant exploration potential.

The Kilgore project is scalable in size and throughput and is open for expansion to the north, south and west. Opportunities for stepout drilling exist around the current area of mineralization. Immediately to the north of the deposit 16OKR-338 intersected 85.4 metres of 2.50 g/t Au near surface in the volcanic sequence, an area of the deposit that requires follow-up along strike. Additionally, drilling has identified mineralization in the Aspen formation, a permeable sedimentary unit lying below the volcanic package that has seen minimal drilling with multiple holes ending in mineralization. Drill results from the Aspen formation include:

  • 56.4 m of 2.05 g/t Au in 15OKR 304;
  • 59.5 m of 3.79 g/t Au in 15OKR-305;
  • 50.3 m of 4.24 g/t Au in 15OKR-308;
  • 94.5 m of 4.21 g/t Au in 15OKR-309;
  • 30.5 m of 5.37 g/t Au in 16OKR-315.

Drilling at the Kilgore project in 2020 will be performed under a plan of operations approved by the U.S. Forest Service. Results from this work will be incorporated into an updated resource estimate.

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WHICH BREAKS FIRST?  GCM Up?  Or DNG Down?

GCM vs DNG : from 2015 : 2yr: 1yr / Last: DNG: c$1.68, GCM: c$6.05 = Ratio-27.8%

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Strength in GCM has driven this Ratio down to 27.8%, compared to about 150% about three years ago (1/6th?)

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Time to make DNG / Dynacorp, one of our Favorites (with its 3.5% dividend and PER of 9x)?

GOLD shares, Favored-4 ... update /

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Dynacor Quarterly Results & projections

Dynacor is a dividend-paying gold production corporation headquartered in Montreal,Canada.
The corporation is engaged in production through the processing of ore purchased from small-scale artisanal miners. At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor produced 81,314 ounces of gold, a yearly best.

CURRENT : DNG.v: $1.68PER: 9.096, Hist.EPS: 0.185 EarnY: 11.01% / Div. $0.06 = 3.57%

xx

DNG Data bank - shows DNG stock getting cheaper relative to Operating Margin, and Ebitda

F-Yr. : Revs.: ProdOz: Gold : Rev/G: YE-pr: %OM= OpMar: Ebitda: Net I.: EPS : Debt: EarnY: Div: Yield
2014 : $88.2: 68.92k: $1266. :  69.7 : $1.62: 9.82%: $16.5 : $ 12.3 :+$6.1:  0.17: $ Nil: 10.5%:
2015 : $78.9: 67.60k: $1160. :  68.0 : $1.89: 15.0%: $12.6 : $   8.3 :+$3.2:  0.09: $ Nil: 4.76%:
2016 : $91.3: 73.47k: $1251. :  73.0 : $2.49: 20.6%: $12.1 : $   9.0 :+$3.3:  0.09: $ 5.9 3.61%:
2017 : 101.7: 79.90k: $1257. :  80.9 : $1.66: 12.4%: $13.4 : $ 11.2 :+$3.8:  0.10: $ Nil: 6.02%:
2018 : 104.7: 81.31k: $1268. :  82.6 : $1.71: 13.0%: $13.2 : $ 10.5 :+$4.8:  0.12: $ Nil: 7.02%:
2019e: 114.3:  80.67k: $1393.:  82.1 : $1.66: 11.1%: $15.0 : $13.1: +$7.3: 0.20:: $ Nil: 12.0%: 0.06: 3.57%
F-Yr. : Revs. : ProdOz: Gold= : Rev/G: QE-pr
Q1’19 : $22.9: 16.00k: $1303.:  70.3 : $1.63: 14.6%: $  2.8 : $   2.5 : +$1.2:  0.03:
Q2’19 : $22.7: 18.10k: $1309.:  69.4 : $1.79: 17.2%: $  2.6 : $   2.0 : +$0.8:  0.02:   ??? :
Q3’19 : $33.7: 22.23k: $1474.:  91.5 : $1.80: 9.78%: $  4.6 : $   4.1 : +$2.3:  0.08: $ Nil:
9 mos: $79.3: 56.33k: ===== : ==== :  ====: =====  $ 10.0 : $  8.6 : +$4.3:  0.13:
Q4est: $35.0: 24.34k: $1483.: 94.4 : $1.66: 8.30%: $   5.0 : $  4.5 : +$3.0: 0.07> 7 cents EPS :estimate for Q4'2019?
2019e: 114.3:  80.67k: $1393.:  82.1 : $1.66: 11.1%: $15.0 : $13.1: +$7.3: 0.20:
Q4’19 : $00.0: 00.00k:  $1483.:  ???? : $0.00: ????%: $   0.0 : $  0.0 : +$0.0: 0.00:
Q1.est: $35.0: 22.00k:  $1575.:  88.9 : $1.66: 8.30%: $  5.0 : $   4.5 : +$3.0: 0.07:> 0.24 EPS, x 4 Q's
====.
> source: http://www.dynacorgold.com/

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REPURCHASE & Liquidity. - Shares Outstanding at 12/31/18 were :  xx with $x.xx Book Value

Shares outstanding: 39,654,344 @ April 2018

April 17, 2018  — Dynacor Gold Mines Inc. (TSX:DNG) (OTC:DNGDF) (Dynacor or the Corporation) is pleased to announce that the Toronto Stock Exchange has approved the Corporation’s request to establish a normal course issuer bid share buyback program, through which Dynacor may purchase, for cancellation, up to 1,982,717 or approximately 5% of its outstanding common shares as of April 10, 2018.

F-Yr. :  Gold- : OpMar.: Net.I.: E.P.S: Divids.: Repurch.: Est.Val.: Cash :
Q1’18 : $1330.:  $1.63: +$1.6:  0.04: $0.000:   
Q2’18 : $1307.:  $1.79: +$1.3:  0.03: $0.000:
Q3’18 : $1213.:  $1.58: +$0.7:  0.02: $0.000: ??????? :  ????? : $11.1M
Q4’18 : $1230.: $1.71:  +$1.2:  0.03: $0.010: ??????? :  ????? : $13.9M > 39.88M ??
====.
Q1’19 : $1303.:  $1.63: +$1.2:  0.03: $0.010: 313,900 : $512k : $14.4M > 39.57M
Q2’19 : $1309.:  $1.79: +$0.8:  0.02: $0.010: 247,224 : $442k : $13.2M > 39.07M
Q3’19 : $1474.:  $1.80: +$2.3:  0.08: $0.010: 164,339 : $296k : $12.2M > Shs.OS?: 38.91M ? ?
Q4est : $1483.:  $1.66: +$3.0:  0.07: $0.015: ??
=====

Dynacor Gold to pay 1.5-cent dividend April 2

2020-03-04 - News Release

Mr. Dale Nejmeldeen reports

DYNACOR DECLARES ITS Q1-2020 QUARTERLY DIVIDEND

Dynacor Gold Mines Inc. has declared a dividend payment of 1.5 cents per common share, which will be payable on April 2, 2020, to shareholders of record as of the close of business on March 19, 2020. This dividend represents the seventh quarterly dividend payment made to shareholders.

The corporation's quarterly dividend qualifies as an eligible dividend for Canadian income tax purposes.

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My BIG RESERVATION on DNG

Here it is: What are the RESERVES!

DNG has announced good production year-to-year - But how many years are left??

Comment:

RE:Nice

"Dng sp beginning to reflect true value.....just in time for gold to correct:("

Compare DNG to GLD. DNG has been losing value since last August and now shows almost zero correlation with the price of gold, which makes sense, given that while the company name is Dynacor Gold Mines the company has never owned a working gold mine and has never actually mined any gold.

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Dynacor Gold Mines Inc., through its subsidiaries, engages in processing, exploration, and development of mineral properties in Peru. The company primarily explores for gold, silver, copper, and precious metals. Its flagship property is the Tumipampa property covering an area of 9,756 hectares located in the province of Abancay, Peru. The company was formerly known as Dynacor Mines Inc. and changed its name to Dynacor Gold Mines Inc. in April 2007. Dynacor Gold Mines Inc. was founded in 1996 and is headquartered in Montreal, Canada.

Dynacor Gold Mines, Inc. engages in the production of gold and silver. It also owns the rights on several mining properties which are in the exploration stage, including its flagship exploration gold, copper and silver prospect, the Tumipampa, and Anta properties. The company was founded on December 15, 2006 and is headquartered in Montreal, Canada.

Dynacor Gold Mines: Tumipampa Can Be A Game Changer

Summary

A few days ago, Dynacor's management made a good decision (in my opinion) to include the Tumipampa exploration property in the production process.

Dynacor prepares for maiden resource at Tumipampa -

Dynacor Gold Mines (TSX: DNG; US-OTC: DNGDF) is preparing to table the first-ever resource calculation at its Tumipampa gold-copper exploration project, 500 km southeast of Lima, Peru. Jean Martineau, Dynacor's president and CEO, told The Northern Miner over the phone...

“The new mill is going to be a big game changer for us, because it will increase our production, and therefore profit,” Martineau said. “We’ll generate substantially more cash over the coming months, which will fund exploration at Tumipampa and drive the project forward.”

The company largely used internal cash flows to pay for the US$15-million plant, he said, but it also used US$5 million from a US$10-million credit facility it closed in January.

Dynacor produced 15,807 oz. gold in the first quarter and generated US$20.4 million in sales, ending the quarter with a net income of US$700,000, or US2¢ per share.

The company has released results of a 7,500-metre drill program that included 20 drill holes targeting the mantos and vein systems from underground exploration drifts.

A drill intercept from a moderately dipping mineralized structure known as “Manto Dorado” includes 10.21 grams gold per tonne and 0.96% copper over 3.7 true width metres, whereas the parallel-trending Manto Nazareno cut 2.24 grams gold and 4.4% copper over 3.5 true width metres.

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KEY SUPPORT:  (just-below) C$3.00 Level looks like Key Long term support

GCM.t /Gran Colombia Gold . 10yrL: 5yr: 4yr: fr. 1/2015: 2yr / Last: C$3.52. LOD: $2.88/ YrH: $7.47= -61.5% (Fibo support!)

C8PrcNG.gif

Ratio:  GCM to WM:

YO09Wzt.png

GCM might have a better run up than WM.t for a while

==

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GCM has fallen far more than other Gold shares (& WM too)

GCM vs. ROXG, DNG ... from 2016 :

2vzTXU7.gif

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Gold-Fav-4 ... update: 10d : Fav5 (w/WM.t):

wIPXjVA.gif

: Fav5 (w/WM.t):

hBwycTv.gif

Kicking off historic bull run: 'Look for new record highs above $1,921' — Credit Suisse

The comparisons between today's gold price action and that of 2008 are gaining popularity with Credit Suisse now expecting the COVID-19 crisis to eventually push gold to new record highs of above $1,921 an ounce.

“We remain major long term Gold bulls, with the market encouragingly back above its 200-day average having held above key support at $1,452/1,446,” Credit Suisse said in a note last week. “We still look for new record highs above $1,921.”

. . .

During the 2008 financial crisis, gold first saw a sharp sell-off, but following the intervention from the Federal Reserve, the precious metal eventually began to rise, kicking off a historic bull run.

“It's important to note that Real Yields have stopped rising and we still believe a similar dynamic will play out to 2009 when after a sharp initial correction in 2008, gold eventually went on to make new all-time record highs,” Credit Suisse said.

From the technical perspective, gold’s initial resistance is currently above $1,700 an ounce while support is at around $1,450, the note pointed out.

“Resistances above $1,700/05 are eventually seen at $1,734, the 78.6% retracement of the 2011/15 down move, then the $1,796/1,803 corrective highs from 2011/12,” Credit Suisse said. “Key support remains at $1,452/46, below which now completes a top to suggest a much-protracted correction, with the next support at $1,374/48.”

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Selling debt-free cash-rich DNG = Stupidity Is Unbeatable

Insanity reigns supreme. Some clueless "investors" dumped DNG because of Peru and Coronavirus. They are so blind and so short-sighted that they unable to see that DNG is a debt free cash rich company with extremely low operating costs and a proven business model that has been generating profits for many consecutive quarters over the last years.

On top of this, based on the latest news below, DNG recorded last December the best monthly ore purchase volume and gold production. 

But again, stupidity is unbeatable.

https://stockhouse.com/news/press-releases/2020/01/23/dynacor-boosts-its-purchases-of-ore-to-a-record-high-in-2019

"In December, the Corporation recorded its best monthly ore purchase volume and gold production, with purchases of 11,306 tonnes and a production of 8,815 ounces of gold. December gold production volume was 34.9 % higher than the 2019 year to date monthly average.
 
The Veta-Dorada plant ended 2019 at an all-time high quarterly production level of 330 TPD, processing a total of 98,649 tonnes of gold ore compared to 91,512 tonnes in 2018 an increase of 7.8%. The total volume of ore purchased in 2019 amounted to 105,238 tonnes compared to 90,977 in 2018, an increase of 15.7%.
 
At the end of 2019, the Corporation had accumulated non-exported production of approximately 8,500 ounces, including a shipment of 2,650 ounces, which was, and is still retained for control procedures by the Peruvian Customs authorities (see press releases 2019-12-27, and 2020-01-16). Exportations have resumed in January 2020."
 
> stockhouse

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DNG

F-Yr. :  Gold- : OpMar.: Net.I.: E.P.S: Divids.: Repurch.: Est.Val.: Cash :
Q1’18 : $1330.:  $1.63: +$1.6:  0.04: $0.000:   
Q2’18 : $1307.:  $1.79: +$1.3:  0.03: $0.000:
Q3’18 : $1213.:  $1.58: +$0.7:  0.02: $0.000: 223K ?? :  ????? : $11.1M
Q4’18 : $1230.: $1.71:  +$1.2:  0.03: $0.010: 223K ?? :  ????? : $13.9M > 39.88M ??
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Q1’19 : $1303.:  $1.63: +$1.2:  0.03: $0.010: 313,900 : $512k : $14.4M > 39.57M
Q2’19 : $1309.:  $1.79: +$0.8:  0.02: $0.010: 247,224 : $442k : $13.2M > 39.07M
Q3’19 : $1474.:  $1.80: +$2.3:  0.08: $0.010: 164,339 : $296k : $12.2M > Shs.OS?: 38.91M ? ?
Q4est : $1483.:  $1.??: +$0.9:  0.02: $0.015: 122,258 : ??
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Q1est : $1???.: 

====> (847,721 shares were repurchased in 2019 compared to 446,367 shares in 2018);

EBITDA (2) of $10.7 M, an increase of 1.9% compared to 2018;

Cash flow from operating activities before change in working capital items of $8.4 M ($0.21 per share)(3) similar to 2018;

Cash on hand of $6.7 M at year-end 2019 compared with $13.9 M in 2018 due to the increase in inventories and the decision to delay December 2019 gold exports in January 2020. Current cash on hand amounts to approximately $15.0 M.

Cash return to Shareholders

The Corporation continued its normal course issuer bid share buyback program (847,721 shares were repurchased in 2019 compared to 446,367 shares in 2018);

At the end of 2019, Dynacor increased its quarterly cash dividend payment to its shareholders to CA$0.015 per share (first increased dividend paid in January 2020).

STATEMENT OF FINANCIAL POSITION

 

 At December 31, 2019, total assets amounted to $74.8 M ($66.1 M as at December 31, 2018).
 The main impact comes from the inventories:
 As at December 31,
(in million $)                           2019       2018
                                                        
Ore                                       4.5        1.0
Gold in process                          13.5        4.8
Finished goods-Gold dore bars             3.4          -
Supplies                                  0.3        0.4
                                         21.7        6.2
Less: long-term portion {&#A A ; –} other assets   (3.4)         -
Total                                    18.3        6.2

The increase in ore inventory reflects the continuous efforts of the Corporation to increase its ore purchases at record levels at year end which will allow to continue the production at a high level during the rainy season. The Veta Dorada plant was operating at a level exceeding its nominal capacity of 300 tpd between September 2019 and the recent COVID-19 crisis. The increase of gold in process (including activated carbon) is explained by the December 2019 production which exports were deferred until January 2020 and by the 20% increase in cost per ounce in line with the increase in gold market prices. The finished goods-Gold dore bars relates to the December shipment retained by the Peruvian custom authorities for control procedures. We cannot predict at this time when this shipment will be released by the authorities and therefore, we have classified then under other non-current assets.

2019 OVERVIEW AND HIGHLIGHTS

In 2019, the Corporation purchased a record high volume of 105,238 tonnes of ore and processed a record volume of 98,649 tonnes at its Veta Dorada plant compared to 91,512 tonnes in 2018, a 7.8% increase.

During the last quarter of 2019, our production exceeded the daily available capacity of 300 tpd maintaining an average of 330 tpd.

With a year production of 80,677 ounces of gold the Corporation reached a volume comparable to 2018 and surpassed its second half of 2019 revised guidance of between 44,000 and 46,000 ounces of gold with a production of 46,582 ounces.

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