Latest news with #artisanalMining
Yahoo
26-06-2025
- Business
- Yahoo
Dynacor Group Declares July 2025 Dividend
MONTREAL, June 26, 2025 (GLOBE NEWSWIRE) -- Dynacor Group Inc. (TSX: DNG) ("Dynacor" or the "Corporation") announced its monthly dividend payment for July 2025 in the amount of C$0.01333 per common share, which will be payable on July 17, 2025, to shareholders of record as of the close of business on July 10, 2025. This dividend represents the sixty-fourth (64th) dividend and fifty-fourth (54th) monthly dividend payment made to shareholders. The Corporation's monthly dividend qualifies as an "eligible dividend" for Canadian income tax purposes. The payment and increase of dividends are at the discretion of the Board and will depend on the Corporation's financial results, cash requirements, prospects and other factors deemed relevant by the Board. About Dynacor Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on fully and part-formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The company is planning to expand to West Africa and within Latin America. The premium paid by luxury jewellers for Dynacor's PX Impact® gold goes to Fidamar Foundation, an NGO that mainly invests in health and education projects for artisanal mining communities in Peru. Visit for more information. 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. Contact: For more information, please contact:Ruth HannaDirector, Investor Relations T: 514-393-9000 #236E: investors@ Renmark Financial Communications FilipponeT: (416) 644-2020 or (212) 812-7680E: bfilippone@ Website: in to access your portfolio
Bloomberg
12-06-2025
- Business
- Bloomberg
Gold Rally Brings Riches to Rural Zimbabwe
Horizons Middle East and Africa The three-year surge in gold prices, driven to a record this year as US President Donald Trump's trade war bolstered its allure as a safe-haven, is enriching Zimbabwe's more than 700,000 informal, or artisanal, miners. They are flocking to gold mining belts and throwing a lifeline to an economy that's been in turmoil since the turn of the century. Bloomberg's Ray Ndlovu reports. (Source: Bloomberg)
Zawya
04-06-2025
- Business
- Zawya
Mining in Motion Summit Highlights Growing Support for Formalized Artisanal and Small-scale Mining Sector (ASM) Industry
The second day of the Mining in Motion 2025 Summit highlighted global industry leaders advocating for greater formalization of the artisanal and small-scale mining sector (ASM). The event featured keynote presentations calling for increased cooperation between the ASM and large-scale operators to drive sustainable industry growth. David Tait, CEO of the World Gold Council, emphasized the scale and importance of the ASM sector, which provides livelihoods for over 40 million people globally. However, he noted that the sector continues to face critical challenges, including illegal operations and environmental degradation. 'With rising global demand and gold prices, illegal mining is on the rise - fueling civil unrest, child labor and depriving governments of billions in revenue that could support development,' Tait stated. 'There is a risk in slow policy responses. In 1990, ASM accounted for just 4% of global gold production; today, it represents over 20%.' He commended Ghana for its various mechanisms such as the Ghana Gold Board in addressing illicit mining. 'Government leadership is a fundamental requirement,' he added. He called for African markets to increase focus on the professionalization and formalization of ASM operations, increasing ASM access to legitimate financing, and the adoption of mercury-free processing methods. He also highlighted the World Gold Council's work with seven central banks, including several in Africa, to ensure gold purchases from ASM sources are channeled through legal frameworks. Additionally, the Council has developed a guide to foster effective collaboration between the ASM and LSM actors. Representing Africa's largest gold producer, Stewart Bailey, Chief Corporate Affairs&Sustainability Officer at AngloGold Ashanti, echoed the call for coexistence. 'ASM has been part of the value chain since we were incorporated. For many years our approach has been to co-exist with ASM wherever feasible,' noted Bailey. AngloGold Ashanti is working with governments, NGOs and global organizations like the World Gold Council to support ASM operators in adopting mercury-free practices, upholding human rights, and promoting environmental rehabilitation, according to Bailey. Allan Jorgensen, Head of Responsible Business Conduct at the OECD Centre, reinforced the importance of responsible mining practices. 'To unlock Africa's potential, we must confront the challenges associated with gold as a driver of illicit activities,' Jorgensen said. The OECD developed a Due Diligence Guidance, supported by governments and aligned with regulations like those of the London Bullion Market Association, to reduce environmental and social risks in gold supply chains. Distributed by APO Group on behalf of Energy Capital&Power.
Associated Press
20-05-2025
- Business
- Associated Press
Dynacor Group Reports Sales of US$22.8 Million in April 2025
MONTREAL--(BUSINESS WIRE)--May 20, 2025-- Dynacor Group Inc. (TSX-DNG) ('Dynacor' or the 'Corporation'), today announced unaudited gold sales of $22.8 million in April and year-to-date sales of $102.8 million. All figures are in US dollars unless otherwise indicated. This press release features multimedia. View the full release here: Monthly Highlights Year To Date Highlights About Dynacor Dynacor Group is an industrial ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on fully and part-formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The Corporation plans to expand to West Africa and within Latin America. The premium paid by luxury jewellers for Dynacor's PX Impact® gold goes to Fidamar Foundation, an NGO that mainly invests in health and education projects for artisanal mining communities in Peru. Visit for more information. 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. View source version on CONTACT: For more information, please contact:Ruth Hanna Director, Investor Relations T: 514-393-9000 #236 E:[email protected] Website: Financial Communications Inc. Bettina Filippone T: (416) 644-2020 or (212) 812-7680 E:[email protected] Website: KEYWORD: LATIN AMERICA NORTH AMERICA PERU SOUTH AMERICA CANADA INDUSTRY KEYWORD: MINING/MINERALS NATURAL RESOURCES SOURCE: Dynacor Group Inc. Copyright Business Wire 2025. PUB: 05/20/2025 07:30 AM/DISC: 05/20/2025 07:31 AM
Washington Post
18-05-2025
- Science
- Washington Post
Congo's coltan miners dig for world's tech — and struggle regardless of who is in charge
RUBAYA, Congo — Nestled in the green hills of Masisi territory in Congo , the artisanal Rubaya mining site hums with the sound of generators, as hundreds of men labor by hand to extract coltan, a key mineral crucial for producing modern electronics and defense technology — and fiercely sought after worldwide.
