08:34 AM EDT, 08/11/2025 (MT Newswires) -- Dynacor Group ( DNGDF ) , which produces gold sourced from artisanal miners, reduced its 2025 production and sales guidance as it reported lower net income in the second quarter.

The company booked net income of US$3.5 million, or US$0.08 per share, falling from US$4.5 million, or US$0.12 per share.

Sales rose to US$79.7 million from US$67.4 million but came in below the FactSet-compiled analyst consensus forecast of US$87.7 million. Cost of sales increased to US$72.6 million from US$57.4 million.

Gold equivalent production was down to 24,955 ounces from 28,364 ounces.

Dynacor ( DNGDF ) cut its 2025 gold equivalent production guidance to a range of 105,000 to 110,000 ounces from the previous target of 120,000 to 130,000 ounces.

The sales guidance was also reduced to a range of US$340 million to US$350 million from the initial guidance of US$345 million to US$375 million.