Dynacor Group Inc · TSX:DNG
Dynacor — Investor Presentation (November 2025)
18 slides from Dynacor's investor presentation, November 2025
Slide 1: The World's Publicly Traded Processor of Artisanal Gold
THE WORLD’S PUBLICALLY TRADED PROCESSOR OF ARTISANAL GOLD November 2025
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 $65bn¹ ANNUAL VALUE OF ASGM 20M ASGM MINERS legal frameworks. SECTOR GLOBALLY GLOBALLY ❑ ASM activity can range from semi-mechanised mines to subsistence-l
Slide 5: Our Production Process
| OUR PRODUCTION PROCESS 1 | PURCHASING AND ORE CONTROL Through our subsidiary Veta Dorada, we buy ore from Artisanal and Small-Scale Miners (ASM) enlisted in the formalizing process of the Peruvian government. Purchasing V offices Trujillo Chimbote Piura Carhuamayo Juliaca Colquemarca [ Cajamarca H
Slide 6: Record 2024 Year Demonstrates Strength of Business
RECORD 2024 YEAR DEMONSTRATES STRENGTH OF BUSINESS PRODUCTION EBITDA (in US$M, FYE Dec. 31) (in AuEq Ounces, FYE Dec. 31) 2024 Highlights 6% 15% CAGR CAGR ❑ Delivered record results: ❑ Cash flow ❑ EBITDA ❑ EPS ❑ Sales ❑ Share price ❑ Ore processed ❑ Met 2024 sales, earnings and EBITDA guidance 300 4
Slide 7: Dynacor – A Gold Milling Company
DYNACOR – A GOLD MILLING COMPANY NOT YOUR RUN-OF-THE-MILL JUNIOR GOLD PRODUCER WHAT WE DO HAVE WHAT WE DON’T HAVE ✓ Strong 5-year outlook Mining or exploration risk ✓ Grown OCF by a 15% CAGR from 2015 Debt ✓ Net cash flow now and in the future Gold loans, streams or hedges Off-balance sheet
Slide 8: 2025 – Strong Foundation for Growth
2025 – STRONG FOUNDATION FOR GROWTH Stable production guidance and net income: ❑ 2025 production at higher gold price of $3,300¹ per ounce. ❑ Capital investment increased to support high-return international expansion projects Preparing for our future growth: ❑ Carried out a $22.1 million equity fin
Slide 9: YTD-2025 Results Tracking Guidance
YTD-2025 RESULTS TRACKING GUIDANCE 14-17 Q3-2025 ¹ ² YTD-2025 2025 Guidance³ Units Tonnes Processed TMS 39,479 120,973 Tpd 429 443 Production AuEq oz 28,948 80,953 105 -110,000 Sales US$ M 100.5 260.2 340 - 350 Gross Profit US$ M 11.7 27.8 Gross Margin (%)² 11.7% 10.7% EBITDA US$ M 9.0 22.0 Net Inco
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: Triple Sales Through 2030 by Opening Four New Processing Plants
EXPANSION PLAN: TRIPLE SALES THROUGH 2030 BY OPENING FOUR NEW PROCESSING PLANTS 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 P
Slide 12: Ecuador Plant Will Provide First Geographical Diversification
ECUADOR PLANT WILL PROVIDE FIRST GEOGRAPHICAL DIVERSIFICATION Consistent with plan to become a multi-asset gold processor: ❑ Fully funded, permitted processing plant, that following initial ramp-up, is expected to increase annual production by >75,000 oz (300 tpd)¹ ❑ Strategic acquisition of Dynacor
Slide 13: Pre-Engineering Complete for African Plants
PRE-ENGINEERING COMPLETE FOR AFRICAN PLANTS $23M-$25M Est. construction cost per 300 tpd plant¹ $7M-$8M Est. working capital per 300 tpd plant 1 Commissioning of one plant annually Dry-stack tailings plan to reduce water requirements Merrill-Crowe process ¹ Based on current costings. 13
Slide 14: Driving Disciplined Execution of Our Expansion
DRIVING DISCIPLINED EXECUTION OF OUR EXPANSION KEY DE-RISKING MEASURES ❑ Construction strategy based on leveraging in-house expertise with external competency: ❑ Leveraging proven technology for gold recovery and our experience purchasing ore from artisanal miners in Peru. ❑ Recruitment of key in-ho
Slide 15: Co-Development of PX Impact Responsible Gold Initiative; Fidamar Foundation
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 with
Slide 16: Dynacor Snapshot (TSX: DNG)
DYNACOR SNAPSHOT (TSX: DNG) Closing share price (Nov. 21, 2025) – Market Cap – Approx. C$187 million C$4.43 No debt Common shares outstanding – Approx. Monthly dividends C$0.01333 per month 41.8 million (dividend yield 3.6%) 52-week high/low – C$6.25 / C$4.00 Research coverage – Canaccord Genuity 16
Slide 17: 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 18: Questions?
QUESTIONS? investors@dynacor.com www.dynacor.com 514.393.9000 #236
Dynacor Group — Investor Presentation (November 2025) on 6ix