GOLD: Dynacor, PX Precinox launch responsible supply program

MONTREAL – Dynacor Gold Mines and PX Precinox have set up a strategic alliance to jointly develop “a business for business” responsible gold program. [caption id="attachment_1003720400" align="alignleft" width="300"] Dynacor’s Veta Dorada gold plant in Peru. (Credit: Dynacor Gold Mines)[/caption] PX Precinox is a privately held Swiss refinery and manufacturer of finished and semi-finished precious metals. Dynacor will supply gold to Precinox with the guarantee that it comes from sustainable sources. Precinox will then market it under the name PX Impact Gold. The buyers, such as jewellery and watch manufacturers, will pay a small premium that will go toward funding socio-economic development in Peru for artisanal miners and their communities. The alliance between the two companies also includes an exclusive gold supply agreement, under which Dynacor has obtained favourable commercial conditions and has initiated a technical exchange and co-operation program. Dynacor operates the 300-t/d Veta Dorada gold mill near the Pan American highway. The company has two gold exploration properties – the advanced Tumipampa project and the early stage Anta project. Visit Dynacor’s website at www.Dynacor.com.