08:12 AM EDT, 09/18/2024 (MT Newswires) -- Dynacor Group ( DNGDF ) , a gold ore industrial company servicing artisanal and small-scale miners, on Wednesday announced unaudited gold sales of US$26.3 million in August, a 22% increase over last year. The increase was due to higher sales prices that were partially offset by a decrease in volume.

The year-to-date sales at the end of August were US$182.8 million, compared with US$165.3 million for the same period in 2023. The average selling price of gold at the end of August was US$2,253 per ounce versus US$1,925 per ounce in 2023.

Dynacor's ( DNGDF ) Veta Dorada plant continued working at full pace, processing an historical high of over 16,500 tonnes or an average of 532 tpd.

The company is on track to meet its 2024 sales guidance of between US$265-$285 million.