GJ Town India

Dynacor returns to profit,   Increase of 34% YoY d uring 3Q   Dynacor returns to profit in Q3-2020; highest cash gross operating margin per ounce since 2014 of $304 per ounce, a year-over-year (YoY) increase of 34%; operating at full capacity with near-term plans to expand!   Dynacor Gold Mines has released its unaudited consolidated financial statements and the management’s discussion and analysis (MD&A) for the third quarter ended September 30, 2020. These documents have been filed electronically with SEDAR and will be available on the Corporation’s website.   After a three-month stoppage due to the Covid-19 crisis, which ended a streak of thirty-six (36) consecutive profitable quarters, the Corporation successfully resumed its ore purchase and processing activities, immediately returning to profits. During Q3-2020, the Corporation gradually increased ore purchases and generated sales of $ 24.1 million recording a net income of $ 1.2 million ($0.03 per...

  Revenue grew by 169% in 3Q YoY   Teranga Gold reported financial, operating and development results for the three and nine months ended September 30, 2020. 3Q 2020 report says, the present figures are compared with the figures of previous year same time and accordingly, 1: 69% increase in gold production to a record 104,773 ounces, 2: 169% growth in revenue to $192.6 million, 3: 348% increase in gross profit to $77.0 million YoY (Year over Year). Rise in consolidated net profit attributable to shareholders to $9.2 million, or $0.05 per share, compared to net loss attributable to shareholders of $9.7 million or $0.09 per share. Increase in adjusted net profit attributable to share holders1 to $38.8 million, or $0.23 per share, compared to $2.3 million or $0.02 per share. “The third quarter was record-breaking for Teranga as we started mining high-grade ore at Massawa, delivered solid results at Wahgnion and realized strong gross profit, earnings and cash flow,” said Ric...