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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
Comment by toroshtoon Feb 04, 2014 4:40pm
175 Views
Post# 22171766

RE:RE:ARTICLE OF INTEREST

RE:RE:ARTICLE OF INTEREST
Reports like that do not do justice to the mining situation in Peru. They tend to be alarmist.
Although it is true that several mining projects have suffered a number of set backs lately (eg Conga Tia Maria, etc), the industry as a whole remains vibrant. The mining industry represents 60% of the revenue to the State. No president will ever sacrifice the income and the prosperity it represents and yield to the agitators. And I should know. I am originally from Peru and a mining professional.

And with respect to DNG, this company is firmly established in Peru for quite a while now and is not in an area that has experienced revolt. I see this drop in the stock as an  excellent opportunity to accumulate. The informal mining activity which is so harmful to the environment and to the image of the country does not affect DNG operations.
Bullboard Posts