Responsible Mineral Supply Chain
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Dynacor Begins Plant Shipments to Senegal; Continues Ecuador Integration
Globenewswire· 2025-10-30 11:30
Core Insights - Dynacor Group Inc. is expanding its operations in West Africa and Latin America, aiming to generate over US$1 billion in sales by 2030, representing a more than 250% increase from 2024 sales [1] Recent Progress - **Senegal**: Construction of a 50-tpd pilot plant is on schedule, with initial shipments expected mid-November and ongoing site works including access road and plant area clearing [2] - **Ecuador**: Integration of the subsidiary is progressing in three areas: corporate structure, operational refurbishment, and stakeholder engagement. Key actions include changing the company name, avoiding Foreign Exchange Outflow Tax, and community engagement regarding environmental management [2] - **Ghana**: Formal proposals are being prepared to classify Dynacor's operations correctly within the legal and fiscal framework of the country [2] Company Overview - Dynacor Group is an industrial ore processing company focused on producing gold from artisanal miners, established in 1996. The company emphasizes a responsible mineral supply chain with strict traceability and audit standards [5]
Dynacor Provides Corporate Update Including Expansion Progress
Globenewswire· 2025-09-04 11:30
Core Viewpoint - Dynacor Group Inc. is progressing on its expansion plans in West Africa and Latin America, with a focus on operational efficiency and achieving significant sales growth by 2030 [1][5]. Operational Update - After the lifting of road blockades in mid-July, ore supply to the mill has resumed, and operations are now running at full capacity [2]. - Optimization projects initiated by Dynacor's new teams are enhancing mill efficiency and productivity, including reduced reagent consumption and improved management processes [3]. Expansion Update - The company is on track to generate over US$1 billion in sales by 2030 [5]. - In Senegal, construction of a pilot plant is progressing, with site mobilization underway and construction of access roads and tailings ponds scheduled to begin post-rainy season [6]. - In Ecuador, Dynacor is defining its corporate structure and planning upgrades for the Svetlana processing plant, including stakeholder engagement for an Environmental Impact Assessment [6]. - Discussions with the Ghanaian government regarding the business plan are ongoing, and monitoring of the mining code revision in Côte d'Ivoire continues [6]. About Dynacor - Dynacor Group is an industrial ore processing company focused on producing gold from artisanal miners, emphasizing a responsible mineral supply chain [7]. - The company operates the Veta Dorada plant in Peru and aims to expand its operations in West Africa and Latin America [7]. Additional Information - The premium paid for Dynacor's PX Impact® gold supports health and education projects for artisanal mining communities in Peru [8].
Dynacor Group Declares September 2025 Dividend
Globenewswire· 2025-08-29 11:30
Core Points - Dynacor Group Inc. announced a monthly dividend payment of C$0.01333 per common share for September 2025, marking the sixty-sixth dividend and fifty-sixth monthly payment to shareholders [1] - The dividend qualifies as an "eligible dividend" for Canadian income tax purposes, with future payments subject to the Board's discretion based on financial results and other relevant factors [2] Company Overview - Dynacor Group is an industrial ore processing company focused on producing gold from artisanal miners, established in 1996 [3] - The company operates the Veta Dorada plant and owns a gold exploration property in Peru, with plans to expand into West Africa and Latin America [3] - Dynacor promotes a responsible mineral supply chain with strict traceability and audit standards, benefiting both governments and miners [3] Social Responsibility - The premium paid for Dynacor's PX Impact® gold supports the Fidamar Foundation, which invests in health and education projects for artisanal mining communities in Peru [4]
Dynacor Signs Share Purchase Agreement to Acquire Processing Plant and Assets in Ecuador
Globenewswire· 2025-07-08 11:30
ACQUISITION TO MATERIALLY INCREASE NAMEPLATE PROCESSING CAPACITY POTENTIAL TO UNLOCK ADDITIONAL VALUE THROUGH OPTIMISATION AND EXPANSION OF PURCHASING NETWORK MONTREAL, July 08, 2025 (GLOBE NEWSWIRE) -- Dynacor Group Inc. (TSX: DNG) (“Dynacor” or the "Corporation"), is pleased to announce it has signed a share purchase agreement to acquire Arkham Metals SAS (Ecuador) from Pelorus Minerals Limited, a wholly owned subsidiary of Arkham Metals Limited Australia. As previously announced, Dynacor will pay $9.75 m ...
Dynacor Group Reports Sales of US$26.1 Million in May 2025
Globenewswire· 2025-06-19 11:30
Core Viewpoint - Dynacor Group Inc. reported significant growth in gold sales for May 2025, with a year-to-date increase in sales compared to the previous year, driven by higher gold prices despite a decrease in sales volume due to planned maintenance [1][6][7]. Monthly Highlights - Gold sales in May 2025 reached $26.1 million (C$36.2 million), a 10.1% increase from $23.7 million (C$32.4 million) in May 2024 [6]. - The average selling price of gold in May 2025 was $3,293 per ounce, reflecting a 40.7% increase from $2,340 per ounce in May 2024 [6]. Year To Date Highlights - Cumulative gold sales for the year-to-date reached $128.9 million, up from $116.4 million in the same period of 2024, marking a 10.7% increase [7]. - The average selling price of gold for 2025 so far is $3,015 per ounce, a 38.4% increase from $2,178 per ounce in 2024 [7]. - The company is on track to meet its annual sales guidance of between $345 million and $375 million [7]. About Dynacor - Dynacor Group is an industrial ore processing company focused on gold production from artisanal miners, established in 1996 [4]. - The company operates the Veta Dorada plant and owns a gold exploration property in Peru, with plans for expansion into West Africa and Latin America [4]. Additional Information - The premium paid for Dynacor's PX Impact® gold supports the Fidamar Foundation, which invests in health and education projects for artisanal mining communities in Peru [5].