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Enter Symbol
or Name
USA
CA



Dynacor Gold Mines Inc
Symbol DNG
Shares Issued 39,654,344
Close 2018-06-20 C$ 1.85
Market Cap C$ 73,360,536
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Dynacor Gold provides 2018-2021 plan

2018-06-20 10:28 ET - News Release

Mr. Jean Martineau reports

DYNACOR: SETTING THE COURSE TO THE FUTURE STRATEGIC PLAN 2018-2021

Dynacor Gold Mines Inc. has published a summary of its strategic plan to update its shareholders and the market on the steps management is taking to transform the company by 2021 into the leading processor of gold mineralized material produced by artisanal mining, worldwide.

Dynacora's new corporate mission statement in the strategic plan states, "To be an eco-responsible ore processor by establishing and maintaining a true partnership with artisanal gold miners, as well as with the local communities wherever we operate around the world."

The strategic plan is built around three complementary pillars that will allow Dynacor to fulfill its corporate mission. These three goals are described in this news release.

Increase profitability

1. Implement a specific step-by-step approach that analyzes, continuously monitors and improves the operational efficiency of the Veta Dorada plant, by:

  • Increasing the recovery rate;
  • Reducing the consumption of chemicals and optimizing chemical and water recycling;
  • Automating specific parts of the processing operation;
  • Testing new technologies to reduce costs and increase the efficiency of each operational segment.

2. Further the exploration of the Tumipampa property in order to determine the full value of this property, by:

  • Completing the exploration of the disseminated gold zone and the high-grade gold vein by 2020;
  • Based on the results, evaluate different options for the future of the project.

Accelerate growth

Dynacora's management team is taking the necessary steps to fast-track the growth of the company by increasing its ore processing capacity and gold production:

  • In Peru;
  • In other mining-friendly Latin-American countries;
  • In other parts of the world.

This strategy for growth will be based on:

  • Expanding the company's current processing capacity at the Veta Dorada plant;
  • Building new ore processing plants;
  • Purchasing other plants;
  • Entering into partnerships to expand more rapidly;
  • Licensing the company's business model where it does not wish to directly be the operator.

Dynacor is planning to have one new plant operating by the end of 2021 and a second plant in the pipeline.

Promote the company's eco-responsible business model

  • With investors -- by continuing to minimize the issuance of shares and the consequent dilution, and by periodically using share buyback programs. Profit sharing with investors using a long-term quarterly dividend policy.
  • With governments and non-governmental organizations -- by increasing their awareness of the advantages of the company's eco-responsible business model that is being recognized worldwide as a means to significantly lower mercury contamination by ASGM (Artisanal Scale Gold Miners) and support the formalization of this activity.
  • With ASGMs -- the company's business model has direct advantages for these communities since it:
    • Eliminates the need for ASGMs to use mercury and/or cyanide for artisanal processing and they can focus on mining ore directly;
    • Support ASGMs with technical know-how to increase their productivity;
    • Target investments to increase ASGM livelihoods and the well-being of their communities.

  • With the company's employees -- Dynacor will continue to lead and innovate its human resources policies to ensure that it meets industry-best standards in terms of working conditions, occupational health and safety. In particular, Dynacor will strive to offer professional training programs to all of its employees. These professional training opportunities will allow the company to promote internally its employees to higher echelon positions.
  • With the gold end-users -- under the PX-Impact label with the company's Swiss partner, PX Group, Dynacor guarantees to its gold end-users a traceability from the artisanal mine to the end product that ensures that the gold they are using has been responsibly sourced from artisanal miners. Furthermore, the company guarantees that gold produced in Dynacor's ore processing facility has been processed without using mercury which has a net benefit for the environment, by dramatically reducing the amount of mercury released by artisanal small-scale mining activities.

About Dynacor Gold Mines Inc.

Dynacor Gold Mines is a gold production corporation headquartered in Montreal, Canada. The corporation is engaged in production through its government approved ore processing operations. At present, Dynacor produces and explores in Peru where its management team has decades of experience and expertise. In 2017, Dynacor produced 79,897 ounces of gold and its production guidance for 2018 is 90,000 to 94,000 ounces of gold.

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