Dynacor Presents ESG 2021 Report
DYNACOR PRESENTS ESG 2021 REPORT
Montreal, July 12 , 2022.- Dynacor Group Inc. (TSX -DNG) (Dynacor or the Corporation) is
pleased to present its second ESG (environmental, social and governance) report with reference
to the Global Reporting Initiative (GRI) Standards.
Jean Martineau, President and CEO of Dynacor Group Inc., stated: "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", said Jean Martineau.
"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 US$ 102 million in 2020 to
US$ 196 million in 2021" reported Martineau.
Contribution to Peru's gold production through the Veta Dorada subsidiary was significant, ranking
among th e top 10 gold producers, according to the Mining Statistics Bulletin of the Peruvian
Ministry of Energy and Mines in 2021.
“This achievement is the result of Dynacor's teamwork, comprised of 440 employees (Canada
and Peru), which has once again allowed us to exceed our objectives. In addition, the plant
expansion to increase our ore processing capacity was implemented ahead of schedule during a
challenging work period. Undoubtedly, the foundation of the Corporation's solid growth over 26
years is our employees", remarked the President and CEO of Dynacor Group Inc.
Our Veta Dorada subsidiary also contributed to the Peruvian State, paying US$ 7.9 million in
taxes and duties within the companies in the sector. In addition, local employment was generated
in Chala (Arequipa) and other regions of Peru. And local purchases amounted to US$ 44.5 million.
Traceability and sustainability
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.
"We know of our responsibility as the largest ASM processing plant in Peru. Therefore, since 2019
we are mov ing towards sustainable management to generate positive social impacts and
satisfactory economic results, relate to the populations of our direct area of influence while
respecting the environment and being considered a good employer. In addition, we are committed
to the goals of 14 Sustainable Development Goals (SDGs)," Martineau stressed.
"Our social commitment and shared vision have allowed us to make investments as a Corporation
and through Fidamar (International Fund to Aid Artisanal Miners), whose fu nds come from the
PX-Impact Program. Through our subsidiary Veta Dorada we allocated US$ 125,776, benefiting
1,492 people, and through Fidamar, US$ 55,206, benefiting the communities of artisanal miners.
We also made significant progress in the environmen tal management of our operations. Water
consumption intensity was reduced by 11%, GHG emissions intensity by 34% and energy
intensity by 29%. In addition, we achieved 100% environmental compliance.
To improve the environmental and social sustainability of the Corporation, in 2021, the material
topics to be reported in the ESG Report were defined according to the materiality process that
involved various stakeholders, who validated ten strategic material topics and seven relevant
material topics.
The future actions we take will be to continue to strengthen our business model and create value
for all our stakeholders. Finally, I invite you to review our ESG 2021 Report, which details the
results of our Corporation's management," concluded Jean Martineau.
ESG Sustainability Report: https://www.dynacor.com/esg-data-espanol/
ABOUT DYNACOR
Dynacor is a dividend paying industrial gold ore processor headquartered in Montreal, Canada. 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.
The Corporation also intends to expand its processing operations in other jurisdictions.
Dynacor produces environmentally and socially responsible gold through its PX IMPACT® gold program. A growing
number of supporting firms from the luxury fine jewelry, watchmaking and investment sectors pay a small premium to
our client and strategic partner for this PX IMPACT® gold. The premium provides direct investment to develop health
and education projects for artisanal and small-scale mining communities.
Dynacor is listed on the Toronto Stock Exchange (DNG).
ABOUT VETA DORADA MINING
Minera Veta Dorada, a subsidiary of Dynacor, is dedicated to the metallurgical processing and commercialization of
gold ores and is the owner of the Veta Dorada Beneficiation Plant with a production capacity of 430 MTD.
FORWARD-LOOKING INFORMATION
Certain of the foregoing statements 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 results, performance or achievements 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 press release.
Website: http://www.dynacor.com
Website: http://www.dynacor.com
Twitter: http://twitter.com/DynacorGold
CONTACT: For more information, please contact:
Director, Shareholder Relations
Dale Nejmeldeen
Dynacor Gold Mines Inc.
T: 514-393-9000 #230