Mr. Jean Martineau reports
DYNACOR DECLARES SECOND QUARTERLY DIVIDEND PAYMENT
Dynacor Gold Mines Inc. will pay a quarterly dividend payment of one cent per common share on Jan. 3, 2019, to shareholders of record as of the close of business on Dec. 19, 2018. The payment represents the second quarterly dividend payment made to shareholders following the corporation's first ever dividend payment in October, 2018. The corporation's quarterly dividend qualifies as an eligible dividend for Canadian income tax purposes.
Dynacor has just completed its 30th consecutive quarter of profits and expects 2018 to be its most productive year since the start of its operations. With its proven business model, management is engaged in its new strategic plan defined earlier this year and to continue to increase its gold production in the upcoming months and years.
The declaration and payment of dividends is 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.
About Dynacor Gold Mines Inc.
Dynacor Gold Mines is a gold production corporation headquartered in Montreal, Canada. The corporation is engaged in ore processing operations. At present, Dynacor produces and explores in Peru, where its management team has decades of experience and expertise. In 2017, Dynacor produced 79,897 ounces of gold, a 9-per-cent increase as compared with 2016 (73,477 ounces).
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