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  • Dynacor surpassed its symbolic milestone of 100,000 gold equivalent ounces produced for 2021
  • Nearly doubled sales from US$102 million in 2020 to US$196 million in 2021
  • “Dynacor has positioned itself as a leader in processing gold ore purchased from ASM miners”
  • Since 2019, the company says they’ve moved towards sustainable management to generate positive social impacts and satisfactory economic results
  • Dynacor Group Inc. (DNG) is down 0.67 per cent on the day, trading at $2.98 per share at 1 pm EDT.

Dynacor Group (DNG) has released its second Environmental, Social and Governance (ESG) report with reference to the Global Reporting Initiative (GRI) Standards.

Jean Martineau, President and CEO of Dynacor Group Inc., commented on the report.

“We are proud to present our second ESG Report for 2021. Our vision is to leverage the strength of our business model and create value for our customers, shareholders, employees, communities and other stakeholders. That is why, after 26 years of continuous growth, Dynacor has positioned itself as a leader in processing gold ore purchased from ASM miners – Artisanal and Small Scale Miners, who are duly registered or in the process of formalization in Peru.”

The CEO went on to add,

“2021 has been an exceptional year for Dynacor. Despite difficult conditions due to the COVID-19 pandemic, we surpassed the symbolic milestone of one hundred thousand gold equivalent ounces produced and, consequently, almost doubled our sales from USD$102 million in 2020 to USD$196 million in 2021.”

According to the company, contribution to Peru’s gold production through the Veta Dorada subsidiary was significant, ranking among the top 10 gold producers, according to the Mining Statistics Bulletin of the Peruvian Ministry of Energy and Mines in 2021.

In 2021, the corporation continued to improve the traceability of gold, using its “Dynacor Mineral Purchase Checklist” as an internal verification system. In addition, the Code of Conduct was updated. And in 2022, the Human Rights Policy was implemented.

Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal. The Corporation is engaged in the production of gold through the processing of ore purchased from the ASM (artisanal and small-scale mining) industry. Dynacor currently 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 department of Apurimac.

Dynacor Group Inc. (DNG) is down 0.67 per cent on the day, percent trading at $2.98 per share at 1:19 pm EDT.

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