Dynacor Advances its Corporate Social Responsible Projects in Peru
September 19 2019 - 7:00AM
Dynacor Gold Mines Inc. (“Dynacor” or the “Corporation”)
(TSX:DNG) (OTC:DNGDF) a leading ore purchasing and
processing corporation servicing artisanal and small-scale miners
(ASM) in Peru, today announced new advances to its corporate social
responsible (CSR) projects under the PX Impact™ label.
Dynacor works to continuously improve the health
and education of the ASM (artisanal small-scale miners) communities
it serves. To date, Dynacor has funded via its PX Impact™ program
USD 162K.
2019 To Date:
- Miguel Grau school, Alto Molino, Rio Grande district,
Condesuyos province, Arequipa region:
- construction materials for the development of new
classrooms;
- Jardin de Amor school, La Aguadita, Chala district, Caraveli
province, Arequipa region:
- development of new green area garden to help in educating the
children on environmentally responsible practices;
- Sagrado Corazon de Jesus school, northern Chala, Chala
district, Caraveli province, Arequipa region:
- construction materials for the roof of a new sports facility;
new audiovisual equipment and warehouse;
- Manuel Scorza school, Llacuabamba, Parcoy district, Pataz
province, La Libertad region:
- provided funding for classroom renovations, furnishings, and a
complete set of 30 brand new desktop computers.
2018
- Ricardo Palma school, Secocha, Ocona district, Camana province,
Arequipa region:
- development of two new computer and science labs, new bathrooms
and a roof for sports facility.
The PX Impact™ projects are financed from the sale of
responsible gold under the PX Impact™ label in Europe. A growing
number of supportive firms from the fine luxury jewellery,
watchmakers and banking sectors have agreed to pay a small premium.
These firms are incorporating the use of responsibly sourced
traceable gold that is produced from ASMs. One hundred percent of
the premiums paid are used in the projects. There are no
administrative fees, and the two partners Dynacor/PX Precinox
jointly assume the overhead.
This business to business approach in the gold supply chain is
the first of its kind. It will significantly benefit the
small-scale mining communities in Peru that supply the mineralized
gold ore.
This responsible gold supply chain supports:
- The formalization process of the artisanal mining sector in
Peru;
- Better health, education and economic well-being for artisanal
mining communities in Peru.
ABOUT DYNACOR
Dynacor is a dividend paying gold production
corporation headquartered in Montreal, Canada. The corporation is
engaged in production through the processing of ore purchased from
artisanal and small-scale miners (ASM). At present, Dynacor
produces and explores in Peru where its management team has decades
of experience and expertise. In 2018, Dynacor produced 81,314
ounces of gold, a yearly best and 1.8% increase as compared with
2017 (79,897 ounces).
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 are paying 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 to our ASM communities.
Dynacor trades on the Toronto Stock Exchange
(DNG) and the OTC in the United States under the symbol
(DNGDF).
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.
Dynacor (TSX: DNG / OTC: DNGDF)
Website: http://www.dynacor.com Twitter:
http://twitter.com/DynacorGold
Shares issued and outstanding: 38,961,726 For
more information, please contact: DynacorDale Nejmeldeen Director,
Shareholder Relations Dynacor T: (514) 393.9000 #230 E:
investors@dynacor.com
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