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Dynacor (TSX:DNG) CEO provides ESG update

Mining
TSX:DNG
25 May 2021 11:30 (EDT)
Dynacor Gold Mines - President and CEO, Jean Martineau

Source: The Northern Miner

Dynacor Gold Mines (DNG) president and CEO Jean Martineau commented on the company’s 2020 environmental, social, and governance (ESG) report.

The report was released with reference to the Global Reporting Initiative (GRI) Standards and outlines results from Dynacor’s ESG efforts in 2019 and 2020.

“Our vision,” said Mr. Martineau, “is to leverage the strength of our business model and create value in everything we do for our stakeholders.”

The company’s aim is to provide environmentally and socially responsible options to clients, employees, and shareholders.

“For our clients,” added Mr. Martineau, “we seek to offer processing options for artisanal and small-scale gold miners that are environmentally and socially responsible. In the communities where we operate, we seek to act responsibly and create positive economic impacts.

“For our employees, we seek to create safe and favorable work environments, supporting their development and performance. For the environment, we seek continuous improvement, investing in sustainable innovations to reduce our impact on future generations.

“Finally, for our shareholders, we seek to promote sales development, revenue growth, and higher returns on investment.”

Dynacor reported over US$101 million in 2020, driven by investments in the company’s mining initiatives in Peru. The company continues to invest in local communities through local employment and continued promotion of ESG initiatives.

The company also completed an inventory of greenhouse gas emissions in 2020 based on total emissions generated in 2019.

“This,” said Mr. Martineau, “will be our baseline year, and will allow us to measure the evolution of our emissions over time.”

“We have also implemented other environmental indicators related to waste management, water consumption, energy consumption, and emissions,” he added.

Despite challenges that arose amid the global COVID-19 pandemic, Dynacor continued to move forward with operations and profit generation.

Jean Martineau remarked, “I am confident that we will achieve all our outlined projections and objectives can be met thanks to the work of every one of the employees, who are the architects of the company’s growth.”

Headquartered in Montreal, Dynacor Gold Mines is a dividend-paying industrial gold ore processor.

Dynacor Gold Mines Inc. (DNG) is down 3.55 per cent on the day, trading at $2.72 per share as of 11:01 am ET.

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