08:11 AM EDT, 03/21/2024 (MT Newswires) -- Dynacor Group Inc. ( DNGDF ) , an international gold ore industrial corporation servicing artisanal and small-scale miners, reported Thursday its 2024 earnings guidance.

The company expects its sales to increase 6%-14% year over year to a range of US$265 million to US$285 million, while EPS was projected between US$0.33 and US$0.41.

Cash flow from operating activities was estimated at US$15 million to US$18 million.

The company said it plans to invest up to US$13 million in capital expenditures in 2024, with focus on improving operations at the Veta Dorada plant.

"Our team of talented professionals is dedicated to driving growth and implementing cost-efficient measures to support the continued expansion of our ASM gold ore-processing business," President and CEO Jean Martineau said.

"With this unwavering commitment to excellence, we remain optimistic about the future of our company and confident in the opportunities that lie ahead."