Dynacor Gold Mines Inc. and PX Group (Switzerland) have confirmed the strategic alliance between PX Precinox and Dynacor Gold Mines. PX Precinox is the only privately held Swiss refinery and manufacturer of finished and semi-finished precious metal products for the high-tech and luxury industries. This strategic alliance involves:
Jointly developing a business for business responsible gold program under which all the gold produced by Dynacor will be marketed under the label PX Impact Gold and sold to some of the world’s leading luxury jewellery and watch manufacturers which are very keen to purchase socially responsible traceable gold produced by artisanal miners. The buyers of PX Impact Gold will pay a small premium that is then used to finance socio-economic development projects in Peru for artisanal miners and their communities.
An exclusive gold supply agreement, under which Dynacor has obtained very favourable commercial conditions and has initiated a technical exchange and co-operation program.
PX IMPACT exemplifies the group’s values. Here, the familiar prefix stands for environmental, social and ethical practices that respect human rights and are an integral part of a management system that guarantees complete traceability across the supply chain. PX IMPACT means ethical gold.
The IMPACT is very real. The school library that opened in May 2016 is a prime example. The group makes a lasting and positive contribution to the economic, social and environmental development of mining communities.
Putting convictions into practice. The family-owned group goes beyond the official certifications awarded to it, and which attest to the provenance and responsible, environmentally sustainable production of gold. It looks further and takes responsibility. And joins forces with Dynacor Gold Inc.
PX IMPACT gold is traced. From leaving the mines in Peru to refining in Switzerland, we never let PX Impact gold out of our sight. By keeping constant track, we can guarantee it contains no traces of mercury.