Dynacor Gold Mines Inc. [DNG-TSX] is rather distinct among dividend paying gold manufacturers. The Montreal based business does not in fact have any mines of its own however started operations in southern Peru in 1996 with the building and construction of the Huanca-Acari gold ore-processing plant created to customized mill ore provided by artisanal and small gold miners– ASGM’s. These miners are a standard income in Peru and supply much necessary earnings for lots of impoverished neighborhoods.
Ore is presently provided from over 600 ASGM’s situated all over Peru. As all ore providers should be signed up with the federal government to dissuade prohibited miners from running the business is well supported by different levels of federal government and regional neighborhoods throughout the nation.
From a modest start of some 3000 ounces a year of production back in 1998, Dynacor today is the biggest custom-made gold ore-processing business in Peru. In July this year, production peaked at a record 10,800 ounces monthly. The Huanca– Acari website is no longer in operation and ore is now processed through the business’s Veta Dorada gold processing plant, a standard CIP (carbon-in-pulp) operation, very first commissioned in 2016 beginning with a nameplate capability of 300 TPD. The plant lies fifteen minutes off the Pan American Highway near Chala in southern Peru. Veta Dorada effectively reached its overall production capability of 430 TPD in July and Dynacor anticipates to run the mill at the optimum capability of 430 TPD throughout the staying year. This plant is developed to be easily expandable to 450 tpd (153,000 tpy) and after that to 600 tpd (204,000 tpy) by including extra processing lines and ball mills.
With such a diverse supply base, metallurgical control on the plant is vital. Mixing of ores is vital to guarantee smooth operations. To accomplish this and make sure gold healings are kept at the greatest levels, some 200 workers are utilized at Veta Dorada much of whom are metallurgical personnel participated in screening and assaying activities.
Dynacor runs the PX Impact gold program. In essence this program makes sure end users of Dynacors gold in the great high-end jewellery, watchmaking and financial investment sectors pay a little premium to Dynacors consumer and tactical partner in Switzerland. This premium is utilized to offer direct financial investment to establishing health and education jobs within the ASGM neighborhoods.
In addition to its gold production, Dynacor is advancing expedition of its mining concessions and considering that 2001 has actually invested more than US$ 15 million dollars on the expedition of its flagship home, Tumipampa. In 2008, the business determined a polymetallic skarn on the residential or commercial property and in 2013 it found extremely high gold grades in the Manto Dorado vein structure.
The business has a collaboration with a sovereign fund and mill maker in Senegal and is preparing to develop a comparable ore processing operation in West Africa and other ASM-specific nations. As an outcome, Dynacor sees itself raising as the worldwide leader in ASM gold ore buying and processing.