Since April 2018 Dynacor Gold Mines (DNGDF) has introduced two investor-friendly initiatives: share buy-back and dividend programs. As a result, I think that today Dynacor shares offer an interesting buying opportunity for investors looking for a bit different exposure to the precious metals market than classic miners. In this article I discuss these initiatives and a few risks the company is still facing.
Introduction - how this business works
Dynacor’s business is pretty simple — the company purchases ore from small-scale miners (artisanal miners) across Peru, processes it at the Veta Dorada mill