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Dynacor Declares Increased Quarterly Dividend

MONTREAL, Nov. 28, 2019 (GLOBE NEWSWIRE) -- Dynacor Gold Mines Inc. (TSX: DNG / OTC: DNGDF) (Dynacor or the Corporation) is pleased to announce the declaration of an increased dividend payment of CA $0.015 per common share, a 50% increase over the last quarter dividend, which will be payable on January 6th, 2020, to shareholders of record as of the close of business on December 19, 2019. The payment represents the sixth quarterly dividend payment made to shareholders. The Corporation continues to perform well, and this dividend increase reflects its solid cashflows and financial situation consistent with its operating and strategic objectives.The Corporationa??s quarterly dividend qualifies as an a??eligible dividenda?? for Canadian income tax purposes.The payment and increase of dividends are at the discretion of the Board and will depend on the Corporationa??s financial results, cash requirements, prospects and other factors deemed relevant by the Board.ABOUT DYNACORDynacor is a dividend paying gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through the processing of ore purchased from artisanal and small-scale miners (ASM). At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2018, Dynacor produced 81,314 ounces of gold, a yearly best and 1.8% increase as compared with 2017 (79,897 ounces).
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