ABOUT DYNACOR
Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on fully and part-formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The Company plans to expand to West Africa and within Latin America.
The premium paid by luxury jewellers for Dynacor’s PX Impact® gold goes to Fidamar Foundation, an NGO that mainly invests in health and education projects for artisanal mining communities in Peru.
DYNACOR – PROFITABLE, DEBT-FREE AND DIVIDEND PAYING. NOW WANTS TO EXPAND!
Dynacor Mines Inc. began operating in Peru in 1996. That year, the Company commenced the construction of the Huanca-Acari gold ore-processing plant in southern Peru. Dynacor poured its first gold in 1998 and has since, through a methodical and disciplined approach, grown its gold equivalent production from 3,014 ounces in 1997 to 130,001 ounces in 2023. Today, the Company is the largest gold ore-processing company in Peru and is well respected by the mining community as an honest and reliable partner.
The Company has also advanced exploration of its mining concessions and since 2001 has spent more than US$ 15 million dollars on exploration of its Tumipampa property. In 2008, it discovered a polymetallic skarn on the property and in 2013 it discovered very high gold grades in the Manto Dorado vein structure. It is not currently pursuing the exploration of this property.
OBJECTIVES
Dynacor Gold Mines’ overall corporate objective is to consistently enrich shareholder value by using the free cash flow generated via its gold ore-processing business to:
- Explore and advance its existing exploration properties
- Increase its gold ore-processing capacity
- Support sustainable community development projects