Dynacor Group provides corporate update, expansion progress

Dynacor Group (DNGDF) provides a corporate update covering operations and progress on its expansion plan within West Africa and Latin America. Following lifting of the road blockades in mid-July, ore supply to the mill resumed and operations are running at full capacity again. Since their launch and implementation by Dynacor’s new teams, the optimization projects are beginning to improve mill efficiency and productivity. Expansion Update: Senegal – Dynacor’s construction of a pilot plant in Senegal continues to progress on schedule. Mobilisation of the construction team has begun on site. Work on a three-kilometer access road, land clearance and fencing will begin once the rainy season ends in September. Delivery of the modular pilot plant is expected in Q4, and first ore remains on target for Q1-2026. Ecuador – Since signing the share purchase agreement to acquire the Svetlana processing plant in July, the Dynacor team has begun defining its new corporate structure, planning the upgrade of the plant, and building company awareness locally. Ghana – Building on productive meetings with GoldBod, the Ministry of Lands and Natural Resources and the Minerals Commission of Ghana in July, the Corporation is engaged in discussions with the Ghanaian government regarding its business plan. Cote d’Ivoire – Dynacor continues to monitor revision of the mining code but does not expect a decision before the presidential election in October. The Corporation remains on schedule for generating more than US$1 billion in sales by 2030.