Dynacor Signs Share Purchase Agreement to Acquire Processing Plant and Assets in Ecuador

Core Viewpoint - Dynacor Group Inc. has signed a share purchase agreement to acquire Arkham Metals SAS in Ecuador for $9.75 million, significantly increasing its processing capacity and expanding its presence in the artisanal and small-scale gold mining market [1][4][6]. Group 1: Acquisition Details - The acquisition involves a permitted processing plant with a capacity of 1,500 tons per day (tpd), which will initially operate at 300 tpd, with plans to ramp up to full capacity by 2026 [2][4]. - The total consideration for the acquisition, including upgrades, is $25 million, funded by a previous financing of $22.1 million [2][8]. - The closing of the share purchase agreement is expected on July 14, 2025 [8]. Group 2: Strategic Importance - This acquisition marks Dynacor's first processing plant in Ecuador and is a strategic step towards becoming a multi-asset gold processor, aiming to produce half a million ounces of gold [3][4]. - The plant's location in Ecuador's main gold processing region provides a solid platform for growth, leveraging the country's rich artisanal mining history [6][7]. Group 3: Operational Synergies - The acquisition aligns with Dynacor's expertise in operating carbon-in-leach (CIL) plants, enhancing its operational capabilities [5][6]. - The plant is expected to increase annual production by approximately 75,000 silver equivalent ounces once fully operational [4].