08:29 AM EST, 11/13/2025 (MT Newswires) -- Dynacor Group ( DNGDF ) on Thursday said its third-quarter profit fell 7.1% even as sales rose by nearly a third.

The company, which operates a merchant gold mill in Peru, said it earned $5.46 million, or $0.12 per share, in the period, down from $5.87 million, or $0.16, in the year-prior quarter. The consensus estimate among analysts polled by FactSet expected earnings per share of $0.17.

Dynacor ( DNGDF ) said its costs rose in the quarter, with expenses rising to $3.5 million from $2.0 million as it expanded its management team amid an international expansion in Ecuador and Africa.

Revenue rose 32% to $100.52 million from $76.18 million. The company said the revenue gains came on higher gold prices, even as its mill was closed for two weeks in July due to a blockade of its operations. Dynacor ( DNGDF ) produced 29,948 gold equivalent ounces in the quarter, down from 30,002 GEOs a year earlier.

"Despite ore supply disruptions in the first two weeks in the quarter, we are well on track to meet or beat our full-year production and financial guidance. The higher gold prices and consistent mill performance generated a number of new financial records," chief executive Jean Martineau said.

Dynacor ( DNGDF ) shares closed down $0.06 to $4.72 Wednesday on the Toronto Stock Exchange.