Show Notes
In this episode, hosts John Reade and Joe Cavatoni from the World Gold Council interview Jean Martineau, President & CEO, Dynacor Gold Mines Inc. during the LMBA & LPPM 2024 Global Precious Metals Conference, to discuss artisanal and small-scale gold mining and how it fits into the bigger picture of the global gold industry. Martineau dives into Dynacor’s operations in Peru and how they’ve created a unique operational framework to help earn the trust of local, small-scale gold miners. He also shares more about how they are focusing on education and safety through work with geologists, engineers and other NGO groups that support education and health within the communities where the miners operate. He concludes the conversation by discussing where Dynacor is headed to next, as they explore opportunities in Africa. [2:15] Martineau shares the history of Dynacor and how they work with artisanal miners [9:00] Dynacor’s relationship with miners in Peru and how they have built trust within the industry and with their miners [10:51] A conversation that Martineau overheard between two miners where one shared that Dynacor is one of the only mills he has worked with that is trustworthy [16:40] The collaboration between Dynacor and NGO groups to help support education and health for miners [20:47] New geographies Dynacor is exploring and sees the most potential to expand in the future [26:34] Martineau shares his fun fact about gold
Additional Resources: www.gold.org Dynacor Group Jean Martineau LinkedIn Dynacor Group: Construction of a Pilot Plant in Senegal
Notable Quotes: “We work very transparently with the miners.” -Jean Martineau “I always tell our guys we are working on a long-term basis. I prefer to lose one miner, than lose our reputation.” -Jean Martineau “At the beginning, in the 2000’s there were no rules, but now our government tried to formalize that and they began in Peru formalizing the process in 2012, so since then we have established a complete transparency standard. So, each time we have a new miner coming in, we have 25 points we verify - if he’s really registered, if he’s working legally, if he’s working in this concession or the other one. So, everything is verified this way.” -Jean Martineau About World Gold Council We are a membership organization that champions the role gold plays as a strategic asset, shaping the future of a responsible and accessible gold supply chain. Our team of experts builds understanding of the use case and possibilities of gold through trusted research, analysis, commentary, and insights. We drive industry progress, shaping policy and setting the standards for a perpetual and sustainable gold market. You can follow the World Gold Council on X at @goldcouncil and LinkedIn.
Terms & Conditions | World Gold Council
More from Unearthed
This episode was recorded on 15 October 2026. In this episode of Unearthed, hosts Joe Cavatoni and John Reade unpack why gold has been stuck in a holding pattern, with prices largely flat after a September pullback. With the U.S. midterm elections around the corner, they consider what the outcome could mean for gold, and why the answer may have less to do with party politics than investors might think. In the midst of conference season, they also turn to the topic dominating conversations on both sides of the Atlantic: central bank buying. After years of strong purchases and a sharply higher gold price, they ask what comes next for the sector, and what that could mean for the market in the years ahead. About World Gold Council We are a membership organisation that champions the role gold plays as a strategic asset, shaping the future of a responsible and accessible gold supply chain. Our team of experts builds understanding of the use case and possibilities of gold through trusted research, analysis, commentary, and insights. We drive industry progress, shaping policy and setting the standards for a perpetual and sustainable gold market. You can follow the World Gold Council on Twitter at @goldcouncil and LinkedIn. Terms & Conditions | World Gold Council
This episode was filmed on Wednesday 15th July and is part 2 of a 2 part series with Argor-Heraeus.
This episode was recorded on Thursday 3rd September 2026. In this episode of Unearthed, hosts Joe Cavatoni and John Reade break down a volatile August for gold, with prices reaching highs of roughly $4,700 before correcting following hawkish comments from Kevin Warsh. They discuss the rally and how it looks narrower and more speculator-driven than the broad-based buying seen in late 2025/early 2026. They also touch on muted safe-haven demand despite ongoing Middle East tensions, as well as the Dutch National Bank's move to relocate gold from Ottawa and the US to London. Looking ahead, John and Joe flag the catalysts they're watching into September, from the FOMC meeting and incoming US data to signs of a broader physical demand recovery across China, India, and Southeast Asia. You can follow the World Gold Council on Twitter at @goldcouncil and LinkedIn. Terms & Conditions | World Gold Council
This episode was filmed on Wednesday 15th July and is part 1 of a 2 part series with Argor-Heraeus. In this episode of Unearthed, hosts John Reade and Joe Cavatoni are joined by Dr. Robin Kolvenbach, CEO of Argor-Heraeus a major precious metals refining company located in Mendrisio, Switzerland. Together they unpack the drivers behind the refining industry, often the least understood link in the gold value chain. Episode one dives into the economics of the refining industry, why a rising gold price is a cost and a risk to refiners, and how metal lease rates shape the business. In the conversation they cover sourcing patterns reshaped by downstream demand for responsible supply, the scale and significance of bar and coin demand, physically segregated production lines and the tracing processes that allows a gold bar to be identified with a phone years after it leaves the refinery. Subscribe to Unearthed wherever you get your podcasts and visit Goldhub.com for more insights. About World Gold Council We are a membership organisation that champions the role gold plays as a strategic asset, shaping the future of a responsible and accessible gold supply chain. Our team of experts builds understanding of the use case and possibilities of gold through trusted research, analysis, commentary, and insights. We drive industry progress, shaping policy and setting the standards for a perpetual and sustainable gold market. You can follow the World Gold Council on Twitter at @goldcouncil and LinkedIn. Terms & Conditions | World Gold Council
This episode was recorded on 13 August 2026. In this episode of Unearthed, hosts Joe Cavatoni and John Reade unpack gold's push toward $4,400/oz, as softer US economic data clouds the outlook for further Fed rate hikes. They dig into a sharp pickup in ETF flows this month, continued central bank buying, and why the rally so far looks more tactical than broad-based — plus a surprisingly quiet seasonal demand out of China and India. Looking ahead, John and Joe flag the catalysts they're watching heading into the fall, from the Jackson Hole symposium to the U.S. November elections, and discuss what it would take to see the kind of retail enthusiasm that could take gold materially higher. You can follow the World Gold Council on Twitter at @goldcouncil and LinkedIn. Terms & Conditions | World Gold Council