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Dynacor Group Inc T.DNG

Alternate Symbol(s):  DNGDF

Dynacor Group Inc. is a Canada-based industrial gold ore processor. The Company is engaged in gold production by processing ore purchased from the artisanal and small-scale mining (ASM) industry. The Company, including its subsidiary, produces gold and silver from ore purchased from local Peruvian miners, which is processed at its wholly owned processing plant in Chala, Peru. Its Anta property is a silver/gold/copper exploration project that is located in the heart of a regionally important epithermal gold-silver belt and host hydrothermal deposits in Peru, including the Orcopampa, Ares, Shila-Paula, Calloma, Arcata and Antapite mines. Its Tumipampa property is located approximately 60 kilometers' south of the city of Abancay in the Tumipampa region and about 500 km southeast of Lima. The Company also holds interests in mineral properties in Peru that are in the exploration stage. The Company produces gold through its PX IMPACT gold program.


TSX:DNG - Post by User

Bullboard Posts
Post by goldpigon Jan 29, 2014 6:45pm
293 Views
Post# 22150360

Line drawn in the sand

Line drawn in the sandThis will be an extended suspension.

Not only because it will take weeks if not months to verify the source of gold processed by Dynacor.

But more importantly there is now developing a massive conflict between about 65000 illegal miners  and the Peruvuan Govt.
Each have morality on their side.
This is the only source of income for these impoverished miners and their families.
Without these mines, they will perish.

The govt on the other hand wants to stop the massive destruction of the Peruvian Amazon caused by these unregulated mines.

There is no clear winner which us why this will be a protracted shutdown and toll miners could face substantial fines.
 The miners will keep on mining so the only solution for the Govt is to shut down the entire sector until the military can regain some factum of control.

That could trigger a regional civil war much like Columbia.
Expect a prolonged shutdown once the low grade stocked ore is processed.
Bullboard Posts