iolite Capital announces strategic investment in Dynacor Group
iolite Capital Management Ltd. (“iolite”), a selective investment management firm serving private and institutional clients, is pleased to announce a significant holding in Dynacor Group (TSX: DNG, “Dynacor”), representing 10% of the company’s outstanding common shares.
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iolite Capital is pleased to announce a significant holding in Dynacor Group (TSX: DNG, “Dynacor”), representing 10% of the company’s outstanding common shares.
In celebrating this milestone, Robert Leitz, Managing Director of iolite, noted, “Dynacor has a pioneering role in ethical gold sourcing and processing. I am supportive of the company’s strategic focus on expanding production capabilities and diversifying its asset portfolio, and I look forward to iolite’s long and prosperous partnership with Dynacor.”
Dynacor is a highly reputable and industry-leading ethical gold sourcing and processing business headquartered in Montreal, Canada. The company plays a pioneering role in establishing legal and environmental standards in the largely unregulated artisanal small-scale mining (ASM) sector, which accounts for 25% of the world’s gold supply. Dynacor prides itself on the traceability and purity of its gold, reflecting its values of honesty, transparency, and respect for its workers.
The company stands out for its commitment to environmental and social responsibility through its PX IMPACT® gold program. A growing number of supportive firms from the luxury jewelry, watchmaker and investment sectors pay a small premium to the company for this PX IMPACT® gold. The premium provides direct investment to develop health and education projects in artisanal mining communities, primarily via the associated FIDAMAR Foundation.
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