Dynacor Group: Veta Dorada Plant Receives International Cyanide Management Certification

Dynacor Group: Veta Dorada Plant Receives International Cyanide Management Certification

Dynacor Group Inc. (TSX-DNG) (Dynacor or the Corporation), an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), announced today that the Veta Dorada plant, a subsidiary in Peru, was certified in compliance with the International Cyanide Management Code (Cyanide Code).

The certification was granted by the International Cyanide Management Institute (ICMI), a non-profit corporation established to administer the Cyanide Code and develop and provide information on responsible practices for handling cyanide.

"Our Veta Dorada subsidiary is the first company that processes gold ore acquired from ASMs (artisanal and small-scale miners) to obtain a successful certification, which fills us with pride. It is proof of the actions we're implementing as part of our commitment to sustainability," affirmed Jean Martineau, President and CEO of Dynacor Group.

The Cyanide Code is a voluntary mining industry program centred on the safe and environmentally responsible management of cyanide by companies that produce gold and/or silver and by companies that manufacture, store and transport cyanide.

"Thanks to the commitment of our team at the Veta Dorada subsidiary, we are part of the International Cyanide Management Code. As part of our projected growth, we will continue to raise our standards for security, occupational health and care for the environment in our operations," said Jean Martineau.

Our stakeholders can review the summarized audit report and the auditor's credentials on the ICMI's website: https://cyanidecode.org/

ABOUT DYNACOR

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 environmental 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).

FORWARD-LOOKING INFORMATION

Certain statements in the preceding may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management's current expectations regarding future events and operating performance as of the date of this news release.

Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold

For more information, please contact:

Director, Shareholder Relations
Dale Nejmeldeen
Dynacor Group Inc.
T: 514-393-9000 #230
E: investors@dynacor.com

News Provided by Business Wire via QuoteMedia

DNG:CA
The Conversation (0)
Dynacor Group Declares June 2024 Dividend

Dynacor Group Declares June 2024 Dividend

Dynacor Group Inc. (TSX: DNG) (Dynacor or the Corporation) announced its monthly dividend payment for June 2024 in the amount of C$0.01167 per common share which will be payable on June 18, 2024, to shareholders of record as of the close of business on June 7, 2024. This dividend represents the fifty-first (51 st ) dividend and forty-first (41 st ) monthly payment made to shareholders.

The Corporation's monthly dividend qualifies as an "eligible dividend" for Canadian income tax purposes. The payment and increase of dividends are at the discretion of the Board and will depend on the Corporation's financial results, cash requirements, prospects and other factors deemed relevant by the Board.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Dynacor Group Reports Sales of US$25.0 Million for April 2024

Dynacor Group Reports Sales of US$25.0 Million for April 2024

Dynacor Group Inc. (TSX-DNG) (Dynacor or the "Corporation"), an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), today announced that it had recorded unaudited gold sales of US$25.0 million (C$34.2 million) (1) for April 2024, compared to US$19.1 million (C$25.8 million) in April 2023.

Sales increase versus April last year of US$5.9 million or 30.9% is due to increases in sales volumes (+US$2.2 million) and in sales price (+US$3.7 million). Month-to-month increase of US$4.3 million a 20.8% increase over March 2024.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Dynacor Group Reports Record Quarterly Sales of $67.7 Million and a Net Income of $4.8 Million in Q1-2024

Dynacor Group Reports Record Quarterly Sales of $67.7 Million and a Net Income of $4.8 Million in Q1-2024

Dynacor Group Inc. (TSX: DNG) (Dynacor or the Corporation) released its unaudited condensed interim consolidated financial statements and the management's discussion and analysis (MD&A) for the first quarter ended March 31, 2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240516127576/en/

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Dynacor Receives TSX Approval to Renew Normal Course Issuer Bid

Dynacor Receives TSX Approval to Renew Normal Course Issuer Bid

Group Dynacor Inc. (TSX: DNG) ("Dynacor" or the "Corporation") is pleased to announce that the Toronto Stock Exchange (TSX) has approved the Corporation's request to renew a normal course issuer bid (NCIB) program, through which Dynacor may purchase, for cancellation, up to 2,928,607 common shares or approximately 10% of the public float (29,286,075 common shares as of April 22, 2024).

Dynacor is in a financially strong position to continue to return a portion of its cash to its shareholders through the NCIB. Additionally, it is reviewing other value-added opportunities which could further contribute to enhancing shareholder value.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Dynacor Group Declares May 2024 Dividend

Dynacor Group Declares May 2024 Dividend

Dynacor Group Inc. (TSX: DNG) (Dynacor or the Corporation) announced its monthly dividend payment for May 2024 in the amount of C$0.01167 per common share which will be payable on May 16, 2024, to shareholders of record as of the close of business on May 8, 2024. This dividend represents the fiftieth (50 th ) dividend and fortieth (40 th ) monthly payment made to shareholders.

The Corporation's monthly dividend qualifies as an "eligible dividend" for Canadian income tax purposes. The payment and increase of dividends are at the discretion of the Board and will depend on the Corporation's financial results, cash requirements, prospects and other factors deemed relevant by the Board.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Map of Ontario, Canada, with "Top 5 Canadian Mining Stocks This Week" text overlay.

Top 5 Canadian Mining Stocks This Week: Onyx Gold Shines with 118 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released April’s gross domestic product (GDP) numbers on Friday (June 27). The data showed a slowing in the Canadian economy with a 0.1 percent monthly decline after it increased 0.2 percent in March as businesses attempted to get ahead of US tariff deadlines.

In April, the shift in US trade policy led to significant declines in the manufacturing sector, which saw its largest drop in four years at 1.9 percent. Durable goods manufacturing declined for the first time in four months, dropping 2.2 percent d. The most heavily impacted sub-sectors were transportation equipment and the auto sector, which fell 21.6 percent and 5.2 percent, respectively.

Keep reading...Show less
Gold bars with "5 Top Australian Mining Stocks" text overlay.

Top 5 Australian Mining Stocks This Week: GBM Soars on AU$13 Million Raise

Welcome to the first edition of the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

In significant news for Australia's iron sector, mining giant Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO), together with its joint venture partner Hancock Prospecting, said on Tuesday (June 24) that the partners will invest a combined US$1.6 billion to develop the Hope Downs 2 iron ore project in the Pilbara region, Western Australia.

Companies focused on antimony and gold have also been making news this week, such as Resolution Minerals (ASX:RML) announcing its acquisition of the Horse Heaven project in Idaho, US, and Ausgold (ASX:AUC,OTC Pink:AUSGF) signing an agreement to acquire Critica’s (ASX:CRI,OTC Pink:VTMLF) Kulin gold project in Western Australia.

Keep reading...Show less
Maritime Resources Announces an up to $10 Million Best Efforts Private Placement Financing

Maritime Resources Announces an up to $10 Million Best Efforts Private Placement Financing

Maritime Resources Corp. (TSXV: MAE) ("Maritime" or the "Company") is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. ("Paradigm") as lead agent and sole bookrunner, for and on behalf of a syndicate of agents (collectively, the "Agents"), in connection with a proposed best efforts private placement offering (the "Offering") of up to 8,850,000 common shares in the capital of Maritime (the "Offered Securities") to be issued at $1.13 per Offered Security (the "Issue Price") for gross proceeds of up to $10,000,500.

The Company will also grant the Agents an option (the "Agents' Option") to sell up to an additional 1,327,500 Offered Securities at the Issue Price for additional gross proceeds of up to $1,500,075, exercisable in whole or in part by the Agents at any time 48 hours prior to the Closing Date (as defined herein).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Wooden blocks spelling "M&A" on a computer keyboard.

Tudor to Acquire American Creek in Latest Gold M&A Deal

Tudor Gold (TSXV:TUD,OTC Pink:TDRRF) has signed a definitive agreement to acquire American Creek Resources (TSXV:AMK,OTCQB:ACKRF) in an all-share transaction, marking a consolidation in BC's Golden Triangle.

Under the deal, dated Wednesday (June 25), each American Creek shareholder will receive 0.238 shares of Tudor for each share held, effectively giving Tudor an 80 percent ownership stake in the Treaty Creek project — one of Canada’s largest undeveloped gold-copper porphyry systems. American Creek previously held a fully carried 20 percent interest.

"Our acquisition of American Creek increases our interest to 80 percent in the Treaty Creek Project, which hosts one of the largest gold discoveries in Canada with excellent potential for expansion and additional gold-copper discoveries, at a reasonable per ounce of gold equivalent cost," said Joe Ovsenek, Tudor Gold president and CEO, in a press release.

Keep reading...Show less
Gold bars in stacks.

Top 7 ASX Gold ETFs in 2025

The price of gold reached record highs in 2025, driven by global economic uncertainty stemming from shifting US trade policy and escalating geopolitical tensions in the Middle East.

For many investors, gold is a tool for diversification. The precious metal is known for its ability to act as a safe haven and hence operates as a protective option when building a balanced portfolio.

Gold exchange-traded funds (ETFs) give investors a relatively easy way to get exposure to physical gold without having to worry about the extra hassle of buying and storing the metal — not to mention insuring it. Gold ETFs can also track a basket of gold-focused stocks, allowing investors to spread risk instead of betting on individual companies.

Keep reading...Show less

Latest Press Releases

Related News

×