Dynacor Group Inc · TSX:DNG
Dynacor — Investor Presentation (January 2026)
19 slides from Dynacor's investor presentation, January 2026
Slide 1: The World's Publicly Traded Processor of Artisanal Gold
THE WORLD’S PUBLICALLY TRADED PROCESSOR OF ARTISANAL GOLD January 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: Dynacor: Quality Gold Ore Processor Gearing Up for Growth
DYNACOR: QUALITY GOLD ORE PROCESSOR GEARING UP FOR GROWTH UNIQUE ESTABLISHED RETURNING AMBITIOUS 2030 SOLID BUSINESS AND ASM ORE CAPITAL TO GROWTH PLAN FINANCIALS APPROACH PROCESSOR SHAREHOLDERS Only publicly traded Operating in Peru Open 4 plants in 14 years of profits; Monthly dividend processor o
Slide 4: 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 $65bn¹ ANNUAL VALUE OF ASGM 20M ASGM MINERS legal frameworks. SECTOR GLOBALLY GLOBALLY ❑ ASM activity can range from semi-mechanised mines to subsistence-l
Slide 5: Our Competitive Advantage: A gold miller, not a gold miner
OUR COMPETITIVE ADVANTAGE Multi-decade knowhow in: ❑ Purchasing ❑ Pricing ❑ Processing traceable ore from 750 miners Proven ability to build and maintain relationships of trust with governments and informal miners: ❑ Long history of transparent dealings with both. ❑ Low rotation of suppliers. ❑ Savo
Slide 6: Our Production Process
| OUR PRODUCTION PROCESS 1 | PURCHASING AND ORE CONTROL 2 | PROCESSING i 1 ' 1 1 it “i ' 1 Through our subsidiary Veta Dorada, we buy ore from The Veta Dorada Plant has a a pat dasch Pond i ' Artisanal and Small-Scale Miners (ASM) enlisted in the _ _ processing capacity of 500 Water QQ) diumks i 1 r
Slide 7: Record 2024 Year Demonstrates Strength of Business
RECORD 2024 YEAR DEMONSTRATES STRENGTH OF BUSINESS PRODUCTION EBITDA (in US$M, FYE Dec. 31) (in AuEq Ounces, FYE Dec. 31) 2024 Highlights 5% 130,001 CAGR 15% 117,552 113,791 CAGR ❑ Delivered record results: 106,862 110,359 ❑ Cash flow ❑ EBITDA 80,861 82,605 82,216 ❑ EPS 69,000 74,344 ❑ Sales 51,369
Slide 8: Delivered 2025 Sales and Production Guidance
DELIVERED 2025 SALES AND PRODUCTION GUIDANCE 14-17 YTD-2025 ¹ ² ³ YE-2025¹ ² 2025 Guidance³ Units Tonnes Processed TMS 120,973 Tpd 443 Production AuEq oz 80,953 113,791 105 -110,000 Sales US$ M 260.2 397.6 340 - 350 Gross Profit US$ M 27.8 Gross Margin (%)² 10.7% EBITDA US$ M 22.0 Net Income US$ M 1
Slide 9: 2026 – Roll-out of First Expansion Projects
2026 – ROLL-OUT OF FIRST EXPANSION PROJECTS 14-17 2026 Mid-point Guidance¹ Units Increased production, sales and net income guidance: Production ‘000 oz 125 - 135 130 ❑ Small production increase from consistent Peru operations and start-up of Senegal Sales US$ M 530 - 580 555 and Ecuador plants Net
Slide 10: Creating Value Through Optimisation
CREATING VALUE THROUGH OPTIMISATION Operating efficiency initiatives are ongoing at the Chala plant in Peru to improve productivity, efficiency and gold recoveries. They include: ❑ Improved layout of future tailings ponds. ❑ Implementation of an ERP (Enterprise Resource Planning) system. ❑ Automated
Slide 11: Expansion Plan: Open Four New Processing Plants by 2030
EXPANSION PLAN: OPEN FOUR NEW PROCESSING PLANTS BY 2030 8T Ecuador of artisanal gold Senegal mined annually Svetlana 2030 Targets: plant ❑ Four new processing plants (emulating proven business model) ❑ Expansion into Africa: • Construction of pilot plant underway in Senegal Peru • Exploring Ghana, a
Slide 12: Introducing the Svetlana Plant in Ecuador
INTRODUCING THE SVETLANA PLANT IN ECUADOR 12
Slide 13: Ecuador – Integration Ongoing
ECUADOR – INTEGRATION ONGOING 2026 Guidance¹ First ore – Q4-2026 Capex - $22-26M 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 increase
Slide 14: 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 15: Senegal Pilot Plant – Scheduled for Early Q2-2026
SENEGAL PILOT PLANT – SCHEDULED FOR EARLY Q2-2026 First ore: • First production in early Q2-2026 Progressing to plan: • Site earthworks, fencing, access road and installation of septic tank • First deliveries of equipment on site and shipment of laboratory • Construction of tailings pond and complet
Slide 16: Co-Development of PX Impact Responsible Gold Initiative and Fidamar Foundation
16 CO-DEVELOPMENT OF PX IMPACT® RESPONSIBLE GOLD INITIATIVE; AND CO-FOUNDING OF FIDAMAR FOUNDATION WITH OUR PARTNER PX GROUP Luxury jewellers pay a premium for our PX IMPACT® certified clean gold that goes to Fidamar Foundation, an NGO that funds and develops education, health, and social services w
Slide 17: Dynacor Snapshot (TSX: DNG)
DYNACOR SNAPSHOT (TSX: DNG) Market Cap – Approx. C$286 million Closing share price (Jan. 20, 2026) – No debt C$6.83 Monthly dividends C$0.01333 per month Common shares outstanding – Approx. (dividend yield ~2.3%) 41.8 million Research coverage – Canaccord Genuity 52-week high/low – C$7.07 / C$4.00 1
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: Questions?
QUESTIONS? Ruth Hanna, Director IR investors@dynacor.com www.dynacor.com 514.393.9000 #236