Dynacor Group Inc · TSX:DNG
Dynacor — Investor Presentation (March 2026)
20 slides from Dynacor's investor presentation, Mar 30, 2026
Slide 1: The World's Publicly Traded Processor of Artisanal Gold
The World’s Publically Traded Processor of Artisanal Gold March 30, 2026
Slide 2: Caution Regarding Forward-Looking Statements / Non-IFRS Measures
CAUTION REGARDING FORWARD-LOOKING STATEMENTS / NON-IFRS MEASURES ❑ Statements contained in this presentation that are not historical facts are regarded as forward-looking statements. These statements may involve risk, uncertainties and other factors that could cause actual results to differ material
Slide 3: Who We Are: Established Gold-Ore Processor with Operations in Peru
WHO WE ARE: ESTABLISHED GOLD-ORE PROCESSOR WITH OPERATIONS IN PERU Only publicly traded artisanal gold processor worldwide PERU One processing plant with capacity of 500 tpd 25+ years of processing history Solid financial score card TSX listed; C$236M¹ Market Cap Expanding to Ecuador and Senegal ¹ A
Slide 4: Capital Markets Profile
CAPITAL MARKETS PROFILE CAPITAL STRUCTURE¹ Common shares outstanding 41.9M Share price (as of March 26, 2026) C$5.66 Market capitalisation C$236M Fully diluted shares outstanding² 41.9M 52-week high-low C$4.00 – C$7.08 Monthly dividend (yield ~2.8%) C$0.01333 Cash (as of December 31, 2025) $33M RESE
Slide 5: Three Pillars of Growth
THREE PILLARS OF GROWTH PURSUE OPTIMISE LEVERAGE STRATEGIC CORE OPERATIONS GROWTH PLAN OPPORTUNITIES Improve productivity Expand within Latin Build opportunities in new and efficiencies at America and into regions and countries Chala plant in Peru W. Africa through partnerships and plants 5
Slide 6: Artisanal and Small-Scale Mining (ASM) Basics
ARTISANAL AND SMALL-SCALE MINING (ASM) BASICS What is an ASM? An individual or small mining group, extracting minerals rurally and often outside $65bn¹ 20M ANNUAL VALUE OF ASGM SECTOR ASGM MINERS legal frameworks. GLOBALLY GLOBALLY ❑ ASM activity can range from semi-mechanised mines to subsistence-l
Slide 7: Our Operational Process
OUR OPERATIONAL PROCESS Trujillo Chimbote Piure Transport From the Chala Plant to the Lim airport. by a security tran company
Slide 8: Our Competitive Advantage: A Gold Miller, Not a Gold Miner
OUR COMPETITIVE ADVANTAGE Multi-decade knowhow in: ❑ Purchasing ❑ Pricing ❑ Processing traceable ore from 750 miners Proven ability to build and maintain relationships of trust with governments and informal miners: ❑ Long history of transparent dealings with both. ❑ Low rotation of suppliers. ❑ Savo
Slide 9: Q4 & Full-Year 2025 – Guidance Beat
Q4 & FULL-YEAR 2025 – GUIDANCE BEAT PRODUCTION SALES (in AuEq oz, FYE Dec. 31) (in US$M, FYE Dec. 31) 32,838 398 Q4 strongest quarterly production in 2 years: 27,417 27,050 28,948 20% increase compared to Q4-2024 24,955 284 250 Improved recoveries compared to Q4-2024 due to mill optimisation project
Slide 10: 2026 – Growing Outlook Through First Expansion Projects
2026 – GROWING OUTLOOK THROUGH FIRST EXPANSION PROJECTS 14-17 2026 Guidance¹ Units 140,000 $600.0 $555.0 Production ‘000 AuEq oz 125 - 135 120,000 Sales US$ M 530 - 580 $500.0 100,000 Net income US$ M 22 - 26 $397.6 Production (in AuEq oz) $400.0 Sustaining capital - Peru US$ M 6-8 80,000 $284.4 $30
Slide 11: Peru - Creating Value Through Optimisation
PERU - CREATING VALUE THROUGH OPTIMISATION Operating efficiency initiatives are ongoing at the Chala plant in Peru to improve productivity, efficiency and gold recoveries. They include: ❑ Automated addition of chemical reagents (cyanide and caustic soda). ❑ Implementation of an ERP (Enterprise Resou
Slide 12: Growing Outlook and Diversification Through Opening of New Processing Plants
GROWING OUTLOOK AND DIVERSIFICATION THROUGH OPENING OF NEW PROCESSING PLANTS 8T Ecuador of artisanal gold Senegal mined annually Svetlana Target Regions plant ❑ Expansion into Africa: • Construction of pilot plant near- complete in Senegal • Exploring Ghana, and Côte d’Ivoire with potential to expan
Slide 13: Introducing the Svetlana Plant in Ecuador
INTRODUCING THE SVETLANA PLANT IN ECUADOR 13
Slide 14: Ecuador – Prepping for Q4-2026 Launch
ECUADOR – PREPPING FOR Q4-2026 LAUNCH 2026 Guidance¹ First ore – Q4-2026 Capex - $22-$25M A fully permitted operating platform with room to grow: ❑ Plant built and permitted for 1,500 tpd but only operated to ~730 tpd max. (non continuously). ❑ Following initial ramp-up, the CIP plant is expected to
Slide 15: Potential Timeline for Svetlana Plant in Ecuador
POTENTIAL TIMELINE FOR SVETLANA PLANT IN ECUADOR 2025 2026 2027 2028 2029 2030 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 Plant upgrade Build and maintain supplier network Increase to 300 tpd Increase to 500 tpd Steady-state production of 500 tpd/+ DYNACOR CORE COMPETENCIES SHAREHOLDER VALUE ¹ Annual estim
Slide 16: Senegal Pilot Plant – Scheduled for Q2-2026
SENEGAL PILOT PLANT – SCHEDULED FOR Q2-2026 Progressing to plan: • Concrete pour and steelwork for processing plant • All major equipment, except the ball mill, delivered on site • Construction of tailings pond cell and fitting of geomembrane • Discussions underway with local ASM 16
Slide 17: 2024 Improved ESG Performance
2024 IMPROVED ESG PERFORMANCE Environment Social 22% 11% reduction in emissions reduction in LTIFR² intensity¹ YoY through YoY at Veta Dorada increased use of renewable energy OPEX Governance 12% PX IMPACT® 7% 14% 2024 15% Health 67% increase in investments YoY by Inaugural Veta Dorada certification
Slide 18: Dynacor – A Solid Business Positioned for Growth
DYNACOR – A SOLID BUSINESS POSITIONED FOR GROWTH Uniquely positioned Established ASM gold Targeting curated, Strong financial processor high-potential returns regions Executing plan to expand in High sustainability Multi-plant, multi-decade Long-term track record of highly prospective regions standa
Slide 19: Upcoming Catalysts
UPCOMING CATALYSTS H1-2026 H2-2026 • Quarterly financial / • Quarterly financial / operational updates operational updates • Senegal first ore feed and • Ecuador first ore feed and ramp-up ramp-up • Listing on the OTCQX Best • Delivery of production and Market financial guidance 19
Slide 20: Questions?
20 Questions? Ruth Hanna. Director, IR investors@dynacor.com 514.654.6759