2013-09-10: Corporate Update

CORPORATE
PRESENTATION
SEPTEMBER, 2013
TSX:DNG
US:DNGDF

DISCLAIMER:
FORWARD
LOOKING
STATEMENTS
This presentation contains certain forward-looking statements regarding
operational information, future exploration and development plans and
anticipated future production. Words such as, potential”, “building” “inferred”,
“if”, “will”, “expect”, “forecast”, “estimate”, “consider”, “may”, “possible” and
similar expressions have been used to identify these forward-looking
statements. These statements are management’s current beliefs and are based
on information currently available to management.
Forward-looking statements involve significant risk and uncertainties. A number
of factors could cause actual results to differ materially from the results
discussed in the forward-looking statements including, but not limited to,
changes in general economic, political and market conditions and other risk
factors. Although the forward-looking statements contained herein are based
upon what management believes to be reasonable assumptions, management
cannot assure that actual results will be consistent with these forward-looking
statements. Investors should not place under reliance forward-looking
statements.
Forward-looking statements and other information contained herein concerning
the metals and mining industry and Dynacor’s general expectations concerning
the industry are based on estimates prepared by management using data from
publicly available industry sources as well as from private sources, industry
analysis and on assumptions based on data and knowledge of the this industry
which the Company believes to be reasonable. However, this data is inherently
imprecise. While Dynacor is not aware of any misstatements regarding any
industry data presented herein, the industry involves risks and uncertainties and
is subject to change based on various factors. There is no certainty the
projections will be met.
A NON-DILUTIVE GOLD COMPANY 2

A Non-Dilutive
Gold Company
 Exploration
 Auto financed
 Profitable
Dynacor is an industrialized-type gold company with a
low risk business model.
GOLD PRODUCTION (CASH FLOW MACHINE):
Dynacor’s gold ore-processing division, located in Peru,
generates steady cash flow and profits while reducing
risk. HOW?
• Cash flow pays for exploration and all other costs;
• Avoids shareholder dilution;
• Net earnings of USD $7.7 M ($0.22 per share) in
2012.
EXPLORATION (BLUE SKY REWARD):
Dynacor has a $2.8 M drilling and cross-cut campaign
underway on its flagship copper and gold exploration
property, Tumipampa, surrounded by senior mining
companies developing large scale skarn/porphyry
copper/gold mines.

7,292
10,576 10,478 9,926
11,808 11,134
13,157 13,101 12,392
17,168
18,603
20,027
17,893
25,000
32,500
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
GoldProduction(ounces)
Quarterly Gold Production in the last 3 Years (ounces)
• Production forecast based on: 450 TPD | gold grades of 0.70 ounce/tonne | 340 working days | 94% recovery
• Production forecast based on: 600 TPD | gold grades of 0.70 ounce/tonne | 340 working days | 94% recovery
New mill
at Chala
WHY INVEST IN DYNACOR NOW? QUARTERLY GOLD PRODUCTION FORECAST
Averaging a gross profit of
$252/oz in the last 3 years
0.90 0.88 0.78 0.85 0.73 0.75 0.79 0.82 0.93 1.03 1.14 1.01
0.00
0.50
1.00
1.50
GoldGrade
(Ounce/Tonne)
Quarterly Average Gold Grade in the last 3 Years
Averaging 0.88
ounces/tonne Au
Produced 6,460 ounces with an
average grade of 1.01 oz/tonne
in July/2013

$1.54/share
0.10
0.13 0.13
0.13
0.14
0.14 0.14
0.14
0.13 0.13
0.17 0.17
0.17
0.17
0.17
0.17
0.22
0.29
0.29
0.29
0.29
0.29
0.29
0.29
0.29 cf/share
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
$1.80
$2.00
Cash Flow Per Share and Monthly Average Stock Price
DNG Stock Price Cash Flow Per Share
WHY INVEST IN DYNACOR NOW? GROWING CASH FLOW/SHARE
The company is currently trading at 5.0 times cash flow per share
($0.29 Cash Flow Per Share TTM).

WHY INVEST IN DYNACOR NOW? ONE BIG DIFFERENCE FROM 2012
TSX:DNG’S HISTORICALLY
STRONG Q4 SEASON
DRILL RESULTS FROM
TUMIPAMPA
CONSTRUCTION ANNOUNCEMENT
ON NEW CHALA PLANT

3 YEAR CHART HISTORY: ADVANTAGE DYNACOR PROOF IN THE STOCK PRICE
Currently a
$1.54/share
TSX:DNG’S
HISTORICALLY
STRONG Q4 SEASON
Q4-2010
Q4-2011
Q4-2012
Q4-2013

Huanca:
Gold/silver ore processing plant
with a capacity of 230 tpd
Chala:
New mill planned
with initial capacity of 300 tpd
and readily expandable to
600 tpd
2012:
Gold Production of 61,274
ounces averaging 213.79 tpd
at 0.901 ounce/tonne
Tumipampa:
Flagship Exploration Property
Recently discovered (Aug 2013) high grade
Au/Ag results at Manto Dorado
Polymetallic skarn zone
(4km long)
On the same fault and flanked by
two giant world class skarns :
• Los Chancas (355 million
tonnes at 0.62% Cu, 0.05% Mo and
0.039 g/t Au)
(Southern Copper)
• Las Bambas (1.710 billion
tonnes at 0.61% Cu and
0.02 %/t Mo, 0.11g/ Au)
(Glencore Xstrata PLC)
PERU
CASADEN (Au)
HUANCA PLANT (Au)
TUMIPAMPA (Cu/Au)
Los Chancas (Southern Copper) (Cu/Au )
Las Bambas
(Xstrata) (Cu/Au)
Huquira (Antares Minerals) (Cu)
Tintaya (Xstrata)(Cu/Au)
Orcopampa (Buenaventura)(Au/Ag)
Yanacocha (Newmont/Buenaventura) (Au)
Lagunas Norte (Barrick) (Au)
Constancia (Norsemont) (Cu)
Pierina (Barrick) (Au)
ANTA (Ag)
EGNONE (Au/Cu)
Production Exploration
NEW CHALA PLANT (Au)

Purchase ore at a discount
Receive ore by truck
Weigh and assay ore for
gold content Dynacor pays miner based on
gold content and discount to
spot price
Ore is processed
through plant
Gold bars are sold at
spot price
ORE-PROCESSING STEPS

NEW CHALA GOLD PROCESSING PLANT DEVELOPMENT TIMELINE
2012/2013
•Two participative community workshops successfully completed
•Submission of Environmental Impact Assessment – done
•Hydrological study – done
•Purchase of land – done
•Engineering plan – done
•Construction plan – done
•Environmental Impact Assessment - received permit in Dec
•Published public notice announcement in Lima newspaper
Construction
Phase
Q4-2013
•Construction of phase 1 begins immediately upon receipt of the construction
permit
•Construction of the tailings pond
Production
2014
•Testing the new plant Q2 - 2014
•New plant commissioned and in operation mid 2014
•Upgrading plant to 450 tpd

• Unlimited space
for tailings pond
• Mining friendly
region
• Access to a
region with an
abundance of
gold ore
Brand new
equipment
optimizes
production
and cost
control
Easy access
for heavy
trailers
Dynacor has an ore
purchasing office in the
area and is recognized as
a reliable honest business
partner
KEY BENEFITS TO THE NEW ORE-PROCESSING FACILITY AT CHALA

New Government
formalizes and regulates
the artisanal mining sector
New mining laws in
force since March 2012
Improves
working
conditions
Environmental
protection
Increases
government tax
revenues
Increased demand for
legally compliant
ore-processing
A window of
opportunity for
Dynacor’s
ore-processing
division?
NEW MINING LEGISLATION PRESENTS OPPORTUNITY

TUMIPAMPA: FLAGSHIP MULTI-MINERALIZED GOLD PROJECT
Drilling data reveals high levels of
anomalous polymetallic grades
for Ag, Cu, Mo and Zn in zone 4
The first six holes drilled
intersected an altered monzonite
containing high anomalies of gold,
silver, copper, molybdenum, lead
and zinc, a tantalizing hint of what
may come from next set of drill
results
Some of the world’s largest and
most valuable mines in the world
are polymetallics. The largest
mine in the world: Olympic Dam
is an 8 B ton behemoth. More
metals available, buyers attracted
for metal price balance…
Skarn
Zones 1-4
Gold Veins
(15) To date
Disseminated
Breccia
MANTO DORADO (JULY, 2013 RESULTS)
Bonanza Gold Grades
36.5 g/t Au over 4.9 meters including
111.5 g/t Au over 0.75 meters.
High grade gold mineralization
over 7.4 meters.
Underground drill campaign
September, 2013
First NI 43-101 resource calculation
ROSA/A/PORVENIR VEINS
Intercepted 7.3 g/t Au over 6 meters
Large parts of the property
indicate deeper sources of
mineralization.
Barrick’s deeper Laguna Norte
Deposit (9M oz) is hosted in
brecciated quartzite;

TUMIPAMPA: IN A DEVELOPING MINING DISTRICT
A NON-DILUTIVE GOLD COMPANY
Dynacor
“Tumipampa”
12,307 m drilled to date
Targeting first
43-101 resource
Hudbay Mining
“Constancia”
277Mt, 0.43% Cu
Acquired March/11
$520M
($0.10/lb Cu)
$1.5B in development
First Quantum
“Haquira”
569Mt, 0.64% Cu
Acquired Oct/10
$460M
($0.06/lb Cu)
Panoro
“Antilla”
154Mt, 0.47% Cu
15,332 m
drilling to date
Panoro
“Cotobambas”
404Mt, 0.42% Cu
(204M shares
outstanding)
Southern Copper (Grupo
Mexico)
“Los Chancas”
355Mt, 0.62% Cu
$1.2B projected
development budget
Glencore/Xstrata
“Las Bambas”
1.7Bt, 0.60% Cu
$5.2B in development
0 km 80 km
West East
$8 Billion
in development and 3.6
Billion tons of ore
discovered
to date
Bear Creek
“La Yegua”
Cu/Au project
Joint Venture with Japan
(JOGMEC)
Drilling campaign
underway
BHP, Golden Ideal
Mining and Super Strong
Mining from China
recently staked claims
adjacent to Tumipampa
0 km
An Emerging
Copper/Gold
Belt
60 km

TUMIPAMPA: ON-GOING DRILLING AND CROSS-CUTTING PROGRAMS
To Date:
Developed a 20 foot high 388 square foot
underground drilling gallery in July, 2013
Excavated a 978 foot cross-cut measuring
11.0 feet wide X 8.0 feet high in the Manto Dorado in 2013
Conducted a 1,064 ha geophysical study
including a magnetic and induced polarization survey in 2011
Collected 1,300 geochemical samples
Drilled 12,307 meters

TUMIPAMPA
Los Chancas / Souther Peru Copper Corp. (32)
355 MT @ 0.62%Cu, 0.07% Mo, 0.039 g/t Au
Las Bambas / Glencore/Xstrata (36-35)
1,710 MT @0.61%Cu, 0.02%/t Mo, 0.11g/t Au
Tintaya/ Xstrata (42; 35-33)
200 MT @1.15%Cu
Antapacay/ Xstrata
720 MT @0.56%Cu
Antapite / Buenaventura
221.23 koz Au, 0.33 moz Ag
Orcopampa / Buenaventura
2098.40 koz Au, 70.26 moz Ag
Arcata / Cía Hochschild Mining
163.71 moz Ag, 481.33 koz Au
Pallancata / Cía Hochschild Mining
169.63 koz Au, 19.79 moz Ag
Selene / Cía Hochschild Mining
121.09 moz Au, 17.91 moz Ag
Ares / Cía Hochschild mining
1210.75 koz Au, 19.79 moz Ag
Caylloma / Minera Bateas S.A.C.
600.02 koz Au, 51.68 moz Ag
Shila-Paula / Buenaventura
653.13 koz Au, 6.13 moz Ag
APURIMAC COPPER
PORPHYRY-SKARN BELT
EPITHERMAL GOLD SILVER BELT
Ataspaca (40)
Ticnamar (41)
Queen Elizabeth (36)
Qda Blanca Collahuasi-Ujina (35-32)
El Abra – Conchi (37-36)
Chuquicamata MM-Tomic (34-31)
Esperanza Telégrafo (42-41)
Centinela Polo Sur (44)
Gaby (42-40)
Escondida – Escondida Norte Saldivar (38-35; 35-31)
Chimborazo (39-38)
Exploradora (33-32)
El Salvador (44-41)
Potrerillos (36-35)
La Fortuna (35-32)
Apolinario (35)
Apolinario (35)
Constancia / Norsemont.
413 MT @ 0.44 % Cu, 0.01% Mo
Haquira/ First Quantum
1,193 MT @ 0.50% Cu APURIMAC BELT
 The Belt is an extension of the
world renown Chilean copper
porphyry belt
 Exclusive to Peru the belt holds the
geological distinction of hosting
copper /gold mineralized skarns
 The skarns layered on top of the
porphyries often contain higher
grade mineralization
Pierina / Barrick
771 koz Au
TWO KEY MINERALIZED BELTS SITUATED ON TUMIPAMPA

TUMIPAMPA: GEOLOGICAL CONTEXT
 Straddles the Apurimac belt which hosts the porphyry-copper and base metals rich skarn deposits located
within the Abancay deflection zone:
 Las Bambas (Glencore/Xstrata Copper) ($4.2B mine development approved)
 *Los Chancas (Southern Copper Corp)
 Haquira (Antares Minerals) (Received $460M from First Quantum) in 2011
 Constancia (Norsemont) (Received $520M from Hud Bay Mining) in 2011
 Additionally Tumipampa is located within a gold-silver rich belt of epithermal veins which host several key
hydrothermal deposits:
 Orocopampa (2M Au ounce)
 Pierina (770K Au ounce)
 Ares (1.2MM Au ounce)
 Arcata (163K Au ounce)
 Caylloma (600K Au ounce)
 Shi-Paula (653K Au ounce)
 Selene-Pallancanta (300K Au ounce)
 Antapite (220K Au ounce)
* As of May 2012 immediately adjacent to Tumipampa’s western border.

TUMIPAMPA: MANTO DORADO CHANNEL SAMPLE RESULTS
64.2 g/t Au
52.9 g/t Au
47.54 g/t Au
64.9 g/t Au
82.1 g/t Au
111.5 g/t Au
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
110.0
120.0
0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 1.4
Goldgradesg/t
True Width Intersection (meters)
Manto Dorado Cross-Cut Channel Samples (July 2013)
North Wall:
• Weighted average of samples
• 15.6 g/t Au over 7.4 meters
Manto Dorado: The crosscut, oriented
north 72 degrees west, intercepted at 135
metres the gold mineralized structure
which has a width of 23.0 metres.
South Wall:
Roof of cross-cut:
A NON-DILUTIVE GOLD COMPANY

TUMIPAMPA: MANTO DORADO DETAILED SAMPLE LOCATIONS
N
O
R
T
H
W
A
L
L
Sample Width (m)
Assay Lab Results
Au g/t Ag g/t Cu(%) Pb(%) Zn(%)
3098 0.3 64.19 20.99 0.33 0.03 0.03
3102 0.9 0.14 0.19 0.01 0.00 0.01
3107 0.5 52.87 44.19 0.34 0.08 0.08
3108 0.7 2.13 1.80 0.03 0.04 0.03
3123 1.0 32.03 81.89 0.88 0.43 0.93
3126 1.2 23.82 54.21 0.23 0.04 0.17
3127 0.4 10.87 1.21 0.01 0.00 0.01
Weighted Avg 22.35 35.77 0.29 0.11 0.25
Sample Width (m)
Assay Lab Results
R
O
O
F
3168 0.5 4.92 17.11 0.14 0.08 0.15
3167 0.5 64.90 28.30 0.30 0.05 0.05
3166 0.4 82.10 120.98 2.59 0.17 0.31
3165 0.3 8.40 3.73 0.02 0.02 0.05
3164 1.1 0.61 0.62 0.00 0.00 0.01
3163 0.4 0.16 0.62 0.00 0.00 0.01
3162 0.5 40.10 37.32 0.01 0.12 0.29
3161 0.5 11.85 28.92 0.01 0.03 0.03
3160 0.8 111.50 159.85 1.13 0.26 0.23
3159 0.5 0.09 0.59 0.00 0.00 0.01
Weighted Avg 33.08 41.99 0.39 0.08 0.22
Average grade:
15.6 g/t Au over
7.4 m true width
Sample Width (m)
Assay Lab Results
S
O
U
T
H
W
A
L
L
3114 0.6 28.03 10.61 0.07 0.00 0.03
3133 1.1 0.32 0.59 0.00 0.00 0.01
3135 0.8 28.87 18.60 0.08 0.08 0.18
3137 0.4 0.38 0.50 0.00 0.00 0.01
3138 1.3 47.54 44.38 0.07 0.07 0.05
3139 0.6 0.35 1.09 0.01 0.01 0.01
Weighted Avg 21.26 16.79 0.04 0.03 0.05
Average grade:
36.5 g/t Au over
4.9 m true width
Average grade:
14.4 g/t Au over
7.4 m true width

TUMIPAMPA: JULY 2013 MANTO DORADO CHANNEL SAMPLES
64.9
g/t
Au
32.0
g/t
Au
23.8
g/t
Au
111.5
g/t
Au

TUMIPAMPA: MANTO DORADO Q4 2013 UNDERGROUND DIAMOND DRILL TARGETS
A crosscut tunnel driven west to the
Rosa Vein is expected to intersect
additional gold veins.
Cross Cut
Project
SKARN
CURRENT DRILL
RIG LOCATION
8 HOLES
TBA
July 2013, Cross Cut
intercepts bonanza grade
gold mineralization of
36.5 g/t Au, 46.4 g/t Ag,
and 0.43% Cu over 4.9 m
including 111.5 g/t Au,
159.9 g/t Ag, and 1.13%
Cu over 0.8 m
OLD SPANISH
STOCK PILE
Zone 4
Zone 3
Zone 2
Zone 1

TUMIPAMPA: GEOPHYSICAL IDENTIFYS POTENTIAL ORE BODY

BRECCIA
Poctococha
Lagoon
Balsacocha
Lagoon
Patacocha Lagoon
Skarn (E)
Cu-Au
Skarn (W)
Cu-Au
Gold veins
Disseminated
gold
Zone 4
Old Spanish gold-rich tailings
Cross-cut
tunnel location
0 1 km
 15 gold veins discovered to date
 Ancient drifts from Spanish colonial period
 2 old stock piles discovered by Tumipampa River
 Project consists of three types of gold mineralization: Skarn, Gold Veins and
Disseminated Gold associated with Breccias
TUMIPAMPA: 3D MAP
Zone 3
Zone 2
Zone 1

FINANCIAL OVERVIEW
Dynacor Gold Mines: A self-financed gold company:
operating an ore-processing division to generate gold sales that fund the exploration of high-reward mineral properties.
”Dynacor Gold Mines is NOT a diluting asset.”
As at June 30, 2013, the Company’s working capital
amounted to $15.2M including $10.0M in cash

• Toronto Stock Exchange – Symbol: DNG
• Shares issued : 36.3M
• Options : 2.3M
• Fully diluted shares : 38.6M
• Share price : $1.54 (Sept 2013)
• Capitalization : $59.4M CAD
Capitalization
June 30, 2013

Others
Trapeze Asset Management
Sprott Asset Management
National Bank Wealth Management Group
JP Private Investor Group
Higher Ground Private Investor Group
Wunderlich Securities
CIBC Wood Gundy
Caisse de Depot
Marmite Capital AG
Neuberger Berman
KEY SHAREHOLDERS

Experienced and well-balanced team
with expertise in:
 Geology/Exploration
 Metallurgy
 Mine building/engineers
 Underground/surface mining
 Custom milling
 Business management
 Finance
 Marketing
Since the inception of Dynacor Gold Mines Inc. in
the fall of 2007, the management team has
remained focused on a disciplined capital
structure, via generating cash flow from its ore-
processing division, to unlock the greater
shareholder value through the exploration of its
100% owned Tumipampa advanced gold
exploration project.
Management strives to avoid dilution of its
shareholders by repeated financings that typify
the junior gold exploration sector.
JEAN MARTINEAU, PRESIDENT AND CEO
• 20 YEARS EXPERIENCE IN THE RESOURCE INDUSTRY IN CANADA AND SOUTH AMERICA
• FORMER DIRECTOR OF WESDOME GOLD MINES 1999 – 2007
LEONARD TEOLI, VICE PRESIDENT AND CFO
• 20 YEARS EXPERIENCE IN ACCOUNTING AND FINANCE EXECUTIVE
• FORMER CFO OF DIA BRAS EXPLORATION 2003-2008
• STARTED CAREER WITH PRICE WATHERHOUSE 1987 – 1996
• MEMBER OF THE CANADIAN INSTITUTE OF CHARTERED ACCOUNTANTS SINCE 1990
JORGE LUIS CARDENAS, GENERAL MANAGER ORE-PROCESSING
• MINING ENGINEER
• MORE THAN 10 YEARS EXPERIENCE IN MINING (10 YEARS WITH DYNACOR)
ALONSO SANCHEZ, CHIEF GEOLOGIST
• 15 YEARS EXPERIENCE AS A MINE AND EXPLORATION GEOLOGIST (EXPERT OF PERUVIAN
GEOLOGY)
• FORMER GEOLOGIST OF PUBLICLY LISTED COMPANY BUENAVENTURA S.A.A FROM 1995-
2006
• EXPERT IN EPITHERMAL GOLD, SILVER, TIN, TUNGSTEN, POLYMETALLIC DEPOSITS AND
SKARNS IN PERU
MANAGEMENT

FIVE NEAR-TERM (2013) STOCK PRICE DRIVERS
EXPECTING TO ANNOUNCE CONSTRCUTION
PERMIT FOR NEW MILL
(OPENS PATH TO SIGNIFICANT GROWTH)
ANNOUNCES DRILL RESULTS
FROM TUMIPAMPA HIGH GRADE DEPOSIT
(PROGRESSES TO 43-101)
Q3-2013 EARNINGS REPORT
(BUILDS FUNDAMENTAL SUPPORT AND
RISING FLOOR IN STOCK PRICE)
STRONG Q4 SEASON
(NEWS FLOW AS WE START CONSTRUCTION
AND RELEASE MORE DRILL RESULTS)
3 INVESTOR CONFERENCES SCHEDULED
(BROADENS SHAREHOLDER BASE)
June
September
August
November
October
December
July
$1.21/share
$1.44/share
$1.50/share
$1.54/share

• Consistently increasing cash flow;
• Ramping up gold production in 2013;
• Drilling exploration property with significant
geological potential (Cu-Au Skarn + 14 high grade
gold veins );
• New drilling campaign underway;
• Low number of shares issued;
• Business model protects against future dilution;
Dynacor Gold Mines Inc.
A Solid Business Model
and Promising Future

Head Office
625, boul. René-Lévesque Ouest
Suite 1105
Montréal, (Québec)
H3B 1R2
(514) 393.9000
Dale Nejmeldeen
Investor Relations
(604) 492.0099
www.dynacorgold.com

2013-09-10: Corporate Update

Recommended

Recommended

More Related Content

What's hot

What's hot (18)

Similar to 2013-09-10: Corporate Update

Similar to 2013-09-10: Corporate Update (20)

Recently uploaded

Recently uploaded (20)

2013-09-10: Corporate Update