11:08 AM EDT, 06/27/2025 (MT Newswires) -- Dynacor Group ( DNGDF ) on Friday said it is reorganizing its Peruvian subsidiary, Veta Dorada, the operator of a merchant gold mill. after an external human resources firm identified employee practices contrary to Dynacor's ( DNGDF ) values and Code of Conduct.

Dynacor ( DNGDF ) hired an outside firm to review certain management processes, the company said. As part of the restructuring, management with international and large-company experience is being recruited, new positions are being created, certain roles are being adjusted or abolished, and others will be transferred to Canada. The small management team in Canada is also being strengthened in preparation for the upcoming international expansion.

Since its establishment in 1996, Veta Dorada, has seen "exponential" growth that includes a 10-fold increase in its operational capacity and a 35-fold increase in its people.

"The organisational changes at Veta Dorada are an important component of our ongoing business alignment and advance our group's transition into a multi-asset gold processor," said Daniel Misiano, chief operating officer. "The changes are instilling a corporate culture transformation that is grounded in clear core values, in stronger leadership embodying those values, and in enhanced communication. We are confident that our reinforced legacy business will serve as a beacon for our future subsidiaries."

Dynacor ( DNGDF ) was last seen up $0.02 to $4.47 on the Toronto Stock Exchange.

Price: 4.47, Change: +0.02, Percent Change: +0.45