Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The corporation is engaged in gold production through the processing of ore purchased from the ASM (artisanal and small-scale mining) industry. At present, Dynacor operates in Peru, where its management and processing teams have decades of experience working with ASM miners. It also owns a gold exploration property (Tumipampa) in the Apurimac department.
The corporation intends to expand its processing operations in other jurisdictions as well.
Dynacor produces environmentally and socially responsible gold through its PX IMPACT ® gold program. A growing number of supportive firms from the fine luxury jewelry, watchmakers and investment sectors pay a small premium to our customer and strategic partner for this PX IMPACT ® gold. The premium provides direct investment to develop health and education projects for our artisanal and small-scale miner’s communities.
Dynacor is listed on the Toronto Stock Exchange (DNG).
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 production to 79,897 ounces in 2017 to 130,001 ounces in 2023. The Company is today the 2nd largest custom gold ore-processing Company in Peru and is well respected by the mining community as an honest and reliable partner.
The Corporation’s main activities consist of:
- the production of gold and silver from the processing of mineral material purchased from small scale artisanal miners registered with the Peruvian government;
- the development of new processing activities in other jurisdictions;
- the exploration of its mining properties located in Peru, with the potential for commercial extraction of gold and other precious metals.
There have been very limited or no exploration activities during the last three years. Such activities involve a high degree of risk and must be considered highly speculative due to the financial and operational risks inherent to the exploration and development of its mineral resource properties.