Dynacor Group Inc. (DNG:TSX)

  • Dynacor is entering its next phase of growth as it continues to expand production capacity and move beyond a single asset.

  • DNG has a stellar track record over the last decade, highlighting the strength of its business model, its ability to navigate tough jurisdictions, fund growth using cashflow, and returning capital to shareholders.

  • DNG has a strong balance sheet with a large cash balance and negligible debt.

  • DNG is trading at 3x 2026E EBITDA compared to peers at 8x.

Investment Summary

Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The Company is engaged in gold production through the processing of ore purchased from the ASM (artisanal and small-scale mining) industry. At present, Dynacor operates in Peru, where its management and processing teams have decades of experience working with ASM miners.

Company Description

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