By Adriano Marchese
Dynacor Group expects to report strong sales and gold production for 2025, and said it projects more growth in 2026 as new plants in Ecuador and Senegal begin contributing.
The Montreal-based gold company said Monday that it produced 32,838 gold-equivalent ounces in the fourth quarter, helping lift full-year output to 113,791 ounces, above its revised guidance.
Sales reached a record $397.6 million for the year, which is well ahead of its guidance from August of $340 million to $350 million for the year. The company had downgraded expectations to that range from a prior expectation of between $345 million to $375 million.
Dynacor has benefited from a steadily surging price of gold, logging a realized average price of $3,494 per gold ounce sold in the year.
The year's projections were bolstered by fourth-quarter production which rose 20% from a year earlier, supported by improved recoveries and operating efficiency changes.
Looking ahead to the year, Dynacor said it expects 2026 production to reach between 125,000 to 135,000 gold-equivalent ounces, benefiting from its new facilities in Senegal and Ecuador.
The company is forecasting $530 million to $580 million in sales and $22 million to $26 million in net income for the year.
Capital spending is projected at $6 million to $8 million in Peru, $4 million to $5 million in Senegal and $22 million to $25 million in Ecuador, where the company is upgrading its recently-acquired Svetlana plant. Initial output from that site is expected late this year, with commercial production targeted for early 2027.
Dynacor said it will release full 2025 financial results around March 26.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
January 19, 2026 08:05 ET (13:05 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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