Dynacor Group (TSX: DNG) 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 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.