Dynacor Group Announces Reorganisation of Peruvian Subsidiary
Dynacor Group Announces Reorganisation of Peruvian Subsidiary
Montreal, June 27, 2025 – Dynacor Group Inc. (TSX: DNG) (“Dynacor” or the "Corporation"), announced
today restructuration of Veta Dorada, its Peruvian subsidiary, in the context of its international expansion.
The overhaul of Veta Dorada’s organisational structure aims to realign its talent with its evolved needs and to
improve its internal readiness for international expansion. The ongoing restructuring follows an external human
resources appraisal and mapping that was conducted with the objective of improving Veta Dorada management
capacity, procedures and processes before duplicating its model for future subsidiaries. Since its establishment
in 1996, Veta Dorada has seen exponential growth that includes a 10-fold increase in its operational capacity
and a 35-fold increase in its people.
The mapping also identified employee practices that are contrary to the Corporation’s values and Code of
Conduct. Dynacor takes violations of its Code of Conduct seriously and has acted decisively to uphold the highest
standards of business ethics and governance. Dynacor has also mandated an external firm to carry out a review
of certain management processes. This proactive step further exemplifies the Corporation’s determination to
preserve corporate integrity and ongoing transparent disclosure.
“The organisational changes at Veta Dorada are an important component of our ongoing business alignment and
advance our group’s transition into a multi-asset gold processor," said Daniel Misiano, Chief Operating Officer.
“The changes are instilling a corporate culture transformation that is grounded in clear core values, in stronger
leadership embodying those values, and in enhanced communication. We are confident that our reinforced
legacy business will serve as a beacon for our future subsidiaries.”
As part of the Veta Dorada restructure, management with international and large-company experience is being
recruited, new positions are being created, certain roles are being adjusted or abolished, and others will be
transferred to Canada. The small management team in Canada is also being strengthened in preparation for the
upcoming international expansion.
About Dynacor
Dynacor Group 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. Visit www.dynacor.com
for more information.
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.
Contact:
For more information, please contact:
Ruth Hanna
Director, Investor Relations
T: 514-393-9000 #236
Website: http://www.dynacor.com
Renmark Financial Communications Inc.
Bettina Filippone
Téléphone : (416) 644-2020 ou (212) 812-7680
Courriel : [email protected]
Site Web : www.renmarkfinancial.com