Dynacor Presents Its 2023 ESG Report
DYNACOR PRESENTS ITS 2023 ESG REPORT
Montreal, August 27, 2024 - Dynacor Group Inc. (TSX-DNG) (Dynacor or the Corporation), is
pleased to present its fourth ESG (environmental, social and governance) report, in accordance
with the Global Reporting Initiative (GRI) Standards.
Jean Martineau, President and CEO of Dynacor Group Inc., announced that 2023 was another
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of 130,001 ounces of gold equivalent and, consequentially, our sales increased to US$251.5
million. Likewise, we distributed a value of US$254.8 million in purchases, payments of
obligations, investments and taxes)o ZW VWU^SdWV+
International Cyanide Code
During 2023, implementation of the requirements of the International Cyanide Management
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became the first company that processes ASM (Artisanal and Small-Scale Mining) gold ore to
obtain the International Cyanide Code certification, which fills us with pride. It is a sign of the
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Martineau.
The Corporation noted that its relationship with mining suppliers continued to strengthen. As a
result, there was a 34% increase in investment in mining suppliers in Peru compared to 2022
(US$201.9 million in 2023 vs. US$150.6 million in 2022). Moreover, US$235,016 was invested
in local labour and employment, generating a positive impact in Chala (Arequipa), as well as in
other regions of Peru.
Traceability and Shared Vision
In 2023, the traceability of gold was consolidated with the Mineral Management System, internal
verification system, and on-site visits to mining suppliers. Furthermore, new trends continued to
be implemented in governance, environmental protection and relations with the populations of
the area of influence in Peru.
In the social sphere, investment was made through the Community Development Program (Veta
Dorada Subsidiary) and Fidamar (International Fund for Artisanal Miners), whose funds come
from the PX Impact® Program.
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environmental management, basic infrastructure, and development and building of capacities in
local institutions, benefiting more than 15,684 people. And through Fidamar we allocated
US$527,300, which directly benefited more than 9,000 people, including children and adults
from artisanal mining communities)o eS[V BWS‘ ESdf[‘WSg+
Within the environmental management of our operations, he indicated, we have registered
important achievements such as an 18% reduction in water consumption intensity and we
operate with zero effluents. In addition, 51% of our global energy consumption was from
renewable sources and we started measuring our Scope 3 greenhouse gas emissions.
Preparing Our Talent
nLa W‘egdW agd WjbS‘e[a‘ S‘V ^WSVWdeZ[b) iW SdW [_bdah[‘Y fZWskills of our employees with
training at various levels, with the Comprehensive Mining Management Program and Reporting
Process according to the 2021 GRI Standards and Reporting on Human Rights with the 2021
GRI Standards)o said Jean Martineau.
nAt Dynacor we will continue to implement best practices that will help us strengthen our
business model with ASM and we will seek to create value for our stakeholders, as well as
develop abbadfg‘[f[We Xad agd SdWS aX [‘X^gW‘UW)o dW_Sd]WV fZWPresident and CEO of Dynacor
Group Inc.
The 2023 ESG report: https://dynacor.com/esg-data/
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 environmentally 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 _[‘Wdpe 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 _S‘SYW_W‘fpe current expectations regarding future events and operating performance as
of the date of this news release.
Shares Outstanding: 36,431,706
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