(Kitco News) - Dynacor is helping artisanal miners market their gold as being environmental and socially responsible, said Jean Martineau, president and CEO of Dynacor.
In late April Martineau spoke to Kitco Mining.
Dynacor (TSX:DNG) 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. Martineau said the model is unique, and it is unusual since it has weathered the usual boom and busts in the mining sector.
“It’s a particular business model, because we don't find it anywhere in the world,” said Martineau. ”We’ve been profitable for the past 13 years.”
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 intends to expand its processing operations in other jurisdictions as well. It also owns a gold exploration property (Tumipampa) in the Apurimac department.
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