08:17 AM EST, 12/18/2024 (MT Newswires) -- Dynacor Group ( DNGDF ) on Wednesday said November sales from its merchant gold mill in Peru fell 32% from the year-prior month as it postponed some shipments due to roadblocks in the country's south.

The company, which buys ore from artisanal gold miners, said sales fell to US$16.6 million in the month, down from US$24.4 million in November, 2023, even as its average price per ounce rose by a third, to US$2,643 from US$1,983.

"Due to roadblocks in the southern part of Peru, the Corporation decided to postpone until December the two exports planned for the last week of November worth approximately US$10 million," the company said.

Year to date sales rose 11% to US$254.3 million from US$229.9 million and the company said it expects to end the year with cumulative sales of around US$275 million.

Dynacor ( DNGDF ) shares closed down $0.15 to $5.85 Tuesday on the Toronto Stock Exchange.