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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 through the processing of ore purchased from the artisanal and small-scale mining (ASM) industry. The Company also owns the rights on several mining properties which are at the exploration stage, including its flagship exploration gold, copper, and silver prospect, the Tumipampa property (Tumipampa). Tumipampa is located approximately 500 kilometers (km) from Lima, Peru, in the Circa district, Province of Abancay, Department of Apurimac. Tumipampa's concessions cover an area of approximately 4,000 hectares and are located geographically on the eastern slopes of the Andes Mountain Range between 4,200 and 4,800 meters above sea level. The Company's produces environmentally responsible gold through its PX IMPACT gold program. Its Veta Dorada plant is gold mineral processing plant in Peru. The Company's Anta property is a copper/silver exploration prospect.


TSX:DNG - Post by User

Bullboard Posts
Post by goldpigon Jan 29, 2014 6:45pm
296 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