iolite Capital Announces Strategic Investment in Dynacor Group

iolite Capital Announces Strategic Investment in Dynacor Group

iolite Capital Management Ltd. ("iolite"), a selective investment management firm serving private and institutional clients, is pleased to announce a significant holding in Dynacor Group (TSX: DNG, "Dynacor"), representing 10% of the company's outstanding common shares.

In celebrating this milestone, Robert Leitz, Managing Director of iolite, noted, "Dynacor has a pioneering role in ethical gold sourcing and processing. I am supportive of the company's strategic focus on expanding production capabilities and diversifying its asset portfolio, and I look forward to iolite's long and prosperous partnership with Dynacor."

About Dynacor

Dynacor is a highly reputable and industry-leading ethical gold sourcing and processing business headquartered in Montreal, Canada. The company plays a pioneering role in establishing legal and environmental standards in the largely unregulated artisanal small-scale mining (ASM) sector, which accounts for 25% of the world's gold supply. Dynacor prides itself on the traceability and purity of its gold, reflecting its values of honesty, transparency, and respect for its workers.

The company stands out for its commitment to environmental and social responsibility through its PX IMPACT® gold program. A growing number of supportive firms from the luxury jewelry, watchmaker and investment sectors pay a small premium to the company for this PX IMPACT® gold. The premium provides direct investment to develop health and education projects in artisanal mining communities, primarily via the associated FIDAMAR Foundation.

About iolite Capital

iolite Capital is a Switzerland-based investment manager with a focus on hidden champions: good businesses at attractive valuations. iolite Capital serves a select circle of private and institutional clients who share the same entrepreneurial mindset, are willing to invest for the long-term, and who would like to have first-hand access to a dedicated portfolio manager with substantial skin in the game.

Regulatory Information

iolite Partners Ltd. (the "Acquiror"), a fund managed by iolite, announces that it has acquired an aggregate of 90,700 common shares of Dynacor on the market, on April 12, 2024, at an average price of C$5.05 per common share for an aggregate purchase price of C$457,749.00 (the "Transaction").

Immediately prior to the Transaction, the Acquiror held 3,569,300 common shares, representing approximately 9.8% of the issued and outstanding common shares of the Corporation.

Immediately following the Transaction, the Acquiror owns, has beneficial ownership of, or has control and direction over 3,660,000 common shares, representing approximately 10.0% of the issued and outstanding common shares.

The Acquiror acquired the common shares for investment purposes and may increase or reduce its investment in the Corporation according to market conditions or other relevant factors. Neither the Acquiror nor any persons acting jointly or in concert with the Acquiror currently has any plans or intentions that relate to the acquisition or disposition of securities of the Corporation.

This news release is being disseminated as required by National Instrument 62-103 – The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (the "Early Warning Report").

A copy of the Early Warning Report is available on SEDAR under the Corporation's issuer profile at www.sedar.com or by contacting www.iolitecapital.com.

For more information, please contact:

iolite Capital Managment Ltd.
Gwattstrasse 15
8808 Pfaffikon SZ
Switzerland

+41 79 227 29 08
press@iolitecapital.com

News Provided by Business Wire via QuoteMedia

DNG:CA
The Conversation (0)
Dynacor Group Declares June 2024 Dividend

Dynacor Group Declares June 2024 Dividend

Dynacor Group Inc. (TSX: DNG) (Dynacor or the Corporation) announced its monthly dividend payment for June 2024 in the amount of C$0.01167 per common share which will be payable on June 18, 2024, to shareholders of record as of the close of business on June 7, 2024. This dividend represents the fifty-first (51 st ) dividend and forty-first (41 st ) monthly payment made to shareholders.

The Corporation's monthly dividend qualifies as an "eligible dividend" for Canadian income tax purposes. The payment and increase of dividends are at the discretion of the Board and will depend on the Corporation's financial results, cash requirements, prospects and other factors deemed relevant by the Board.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Dynacor Group Reports Sales of US$25.0 Million for April 2024

Dynacor Group Reports Sales of US$25.0 Million for April 2024

Dynacor Group Inc. (TSX-DNG) (Dynacor or the "Corporation"), an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), today announced that it had recorded unaudited gold sales of US$25.0 million (C$34.2 million) (1) for April 2024, compared to US$19.1 million (C$25.8 million) in April 2023.

Sales increase versus April last year of US$5.9 million or 30.9% is due to increases in sales volumes (+US$2.2 million) and in sales price (+US$3.7 million). Month-to-month increase of US$4.3 million a 20.8% increase over March 2024.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Dynacor Group Reports Record Quarterly Sales of $67.7 Million and a Net Income of $4.8 Million in Q1-2024

Dynacor Group Reports Record Quarterly Sales of $67.7 Million and a Net Income of $4.8 Million in Q1-2024

Dynacor Group Inc. (TSX: DNG) (Dynacor or the Corporation) released its unaudited condensed interim consolidated financial statements and the management's discussion and analysis (MD&A) for the first quarter ended March 31, 2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240516127576/en/

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Dynacor Group: Veta Dorada Plant Receives International Cyanide Management Certification

Dynacor Group: Veta Dorada Plant Receives International Cyanide Management Certification

Dynacor Group Inc. (TSX-DNG) (Dynacor or the Corporation), an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), announced today that the Veta Dorada plant, a subsidiary in Peru, was certified in compliance with the International Cyanide Management Code (Cyanide Code).

The certification was granted by the International Cyanide Management Institute (ICMI), a non-profit corporation established to administer the Cyanide Code and develop and provide information on responsible practices for handling cyanide.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Dynacor Receives TSX Approval to Renew Normal Course Issuer Bid

Dynacor Receives TSX Approval to Renew Normal Course Issuer Bid

Group Dynacor Inc. (TSX: DNG) ("Dynacor" or the "Corporation") is pleased to announce that the Toronto Stock Exchange (TSX) has approved the Corporation's request to renew a normal course issuer bid (NCIB) program, through which Dynacor may purchase, for cancellation, up to 2,928,607 common shares or approximately 10% of the public float (29,286,075 common shares as of April 22, 2024).

Dynacor is in a financially strong position to continue to return a portion of its cash to its shareholders through the NCIB. Additionally, it is reviewing other value-added opportunities which could further contribute to enhancing shareholder value.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold all time high often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security. And each time the gold price rises, there are calls for even higher record-breaking levels.

Gold market gurus from Lynette Zang to Chris Blasi to Jordan Roy-Byrne have shared eye-popping predictions on the gold price that would intrigue any investor — gold bug or not.

Keep reading...Show less
Gold coin stacks with up arrow.

Gold Price Hits New Record, Breaking US$2,975 for First Time

The gold price reached yet another record high on Thursday (March 13), breaking US$2,975 per ounce.

The precious metal has seen significant momentum since the start of the year.

Recent US consumer and producer price index data released on Wednesday (March 12) and Thursday shows that inflation has become stuck, adding more fuel to recession speculation and buoying gold.

Keep reading...Show less
John Feneck, stock charts.

John Feneck: Gold Landscape Never Better, Plus 9 Stocks on My Radar Now

John Feneck, portfolio manager and consultant at Feneck Consulting, shares his updated outlook for gold, saying that the yellow metal still has space to run.

He also discusses nine gold and "special situations" companies that are on his radar.

Watch the interview for more, or click here for the Investing News Network's Prospectors & Developers Association of Canada convention playlist on YouTube.

Keep reading...Show less
Brian Leni, mine site.

Brian Leni: Latest Mining Stock Wins and How I'm Deploying Cash Now

Brian Leni, founder of Junior Stock Review, runs through his investment strategy, saying he's looking for stocks with an "X factor" that's being overlooked.

Watch the interview above for more of this thoughts.

You can also click here to view the Investing News Network's Prospectors & Developers Association of Canada convention playlist on YouTube.

Keep reading...Show less
Willem Middelkoop, gold bars.

Willem Middelkoop: Gold to Benefit as Chaos Rises, Silver's Path to US$100

Willem Middelkoop, founder of Commodity Discovery Fund, shared his thoughts on the commodities space, saying that an "era of shortages" is arriving.

He believes that will propel prices up from today's rock-bottom levels, creating investment opportunities.

Middelkoop also discussed geopolitics, looking at recent moves from the Trump administration.

Keep reading...Show less

Latest Press Releases

Related News

×