Groupe Dynacor : un quatrième trimestre solide vient couronner une performance financière record et un pipeline de croissance accru en 2025

Groupe Dynacor delivered exceptional 2025 performance, marking its 15th consecutive year of profitability with record financial results driven by high gold prices and solid operational execution. The Montreal-based company produced 113,791 ounces of gold equivalent, exceeding revised annual guidance while generating $397.6 million in sales, representing a 39.8% increase from the previous year. Operating cash flow before working capital changes reached $25.4 million ($0.61 per share), while EBITDA of $33.0 million would have achieved a record $37.2 million excluding non-recurring expenses of $4.2 million.

The company's transformation accelerated through strategic international expansion, most notably the acquisition of the Svetlana plant in Ecuador financed through a $22.1 million funding arrangement. This acquisition leverages Dynacor's Latin American expertise while diversifying operations into a complementary market. Simultaneously, the company advanced its Senegal pilot plant project from planning phase to equipment delivery, with first ore processing expected in Q2 2026, and signed a memorandum of understanding for a potential joint venture in Ghana.

Operational excellence remained a cornerstone of Dynacor's success, with the company achieving a 23% improvement in lost-time accident frequency rates while delivering 31,000 hours of health and safety training at Veta Dorada and an additional 8,500 hours to artisanal miners. The company strengthened its management capabilities both in Peru and through key executive appointments in Montreal, including a planned transition in the CFO position to support the expanded operational scope.

Looking ahead to 2026, Dynacor projects record production of 125,000-135,000 ounces of gold equivalent and sales of $530-580 million, supported by the integration of operations across Peru, Ecuador, and Senegal. The company enters 2026 debt-free with a strong balance sheet and increased monthly dividend of $0.16 CAD per share annually, representing a 14.3% increase from 2024. Capital allocation remains disciplined, focusing on growth, efficiency, and resilience while maximizing value from the expanded multi-site platform over the next two years.