Dynacor Gold Mines Inc. is a gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through its government certified ore processing operations. At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2016, Dynacor produced 73,476 ounces of gold, a 9% increase as compared with 2015 (67,603 ounces in 2015). In 2017, the corporation is targeting 88-92,000 ounces of gold production, a 20% increase from the previous calendar year. Dynacor trades on the Toronto Stock Exchange (DNG) and the OTC in the United States under the symbol (DNGDF).
Capitalization: (as at December 31, 2016)
Weighted average number of outstanding common shares
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 61,274 ounces in 2012 from 3,014 ounces in 1998, an increase of 1933%. 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.
During the past 15 years the Company has also focused on exploration of its mining concessions and since 2001 has spent more than 8 million dollars on the exploration of its flagship property, Tumipampa. In 2008, it discovered a polymetallic skarn on the latter property and in 2013 it discovered very high gold grades in the Manto Dorado vein structure. It currently is actively pursuing the exploration of this property.
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
- Acquire new green or brownfield exploration assets
- Increase its gold ore-processing capacity
- Support sustainable community development projects