08:23 AM EST, 01/21/2025 (MT Newswires) -- Dynacor Group ( DNGDF ) on Tuesday said 2024 revenue from its merchant gold mill in Peru rose 14% on higher prices.

The company said sales from the Veta Dorada mill rose to US$284.4 million last year, up from US$250.2 million in 2023 and at the top end of its US$265 million to US$285 million guidance.

Dynacor ( DNGDF ) said the rise came on a 21% increase in gold prices, as physical gold volumes fell 7.5% as the mill processed lower-grade ores.

The company expects to release 2025 guidance next month.

Dynacor ( DNGDF ) shares closed up $0.07 to $6.13 Monday on the Toronto Stock Exchange.