Dynacor Advances Expansion Projects, Ecuador Plant Rehabilitation 65% Complete

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Postmedia has not reviewed the content. by GlobeNewswire Dynacor Advances Expansion Projects, Ecuador Plant Rehabilitation 65% CompleteAuthor of the article:Svetlana's Ball Mill has been Tested GNWMONTREAL, Sept. 24, 2026 (GLOBE NEWSWIRE) — Dynacor Group Inc. (TSX: DNG) (“Dynacor“ or the “Corporation“) is pleased to provide an update on its expansion within Senegal and Ecuador and on its Peruvian operations.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountOverall plant rehabilitation is 65% complete and on schedule for first ore feed in Q4-2026.Upgrade of the main milling equipment is complete and the crushing area is over 85% complete. Pre-commissioning activities are planned in October, initially in the main process plant area: Tests have been conducted on the ball mill, which has been operated without loads.Sourcing of 500 tonnes of sterile rock is underway for use in initial commissioning.First ore feed is scheduled in October, followed by commissioning through Q4-2026. Initial gold pour is targeted for Q4-2026, subject to successful completion of plant rehabilitation and commissioning.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againAll commissioning activities are complete, and the 50-tpd plant is being ramped up.Additional stock has been sourced from new suppliers.Preparations are in place for the inaugural gold pour.Initial plant operator and other internal positions are being filled.Ore inventory reduction is ongoing and is expected to reach 75% of the historical average by quarter-end.Daniel Misiano, President & CEO of Dynacor, commented: “Congrats to the Dynacor team for successful execution on our two expansion projects, which will add materially to our 2027 production. With all critical aspects advancing as planned, the priority is now to complete rehabilitation of the Svetlana plant and begin commissioning. We look forward to providing more visibility on Africa’s potential for value creation through our ramp-up of production in Senegal.Moreover, reduction of ore inventory levels is being accelerated in Peru. We are on track for a strong finish to the year with expansion milestones and operations expected to further enhance stakeholder value.”Figure 1 – Svetlana’s Ball Mill has been TestedAdvancing Ecuador Plant Upgrade to PlanDynacor’s rehabilitation of the 1,500-tpd Svetlana processing plant continues to progress to plan, and first ore feed and gold pour remain on track for Q4-2026:The project is 65% complete, on time and on budget. Most major equipment is now on site. On budget – As of August 30, 2026, US$9.5 million had been spent of the US$22-$25 million projected capital expenditure for 2026…Crushing circuit – Rehabilitation of the crushing circuit is 85% complete, the mill feed almost 65% complete, and fabrication of the apron support has commenced.Milling area – Rehabilitation of the ball mill and supporting infrastructure is fully complete.Electrical / power systems – Installation of the electrical cable infrastructure is well advanced. Dynacor has signed an agreement with CNEL EP (Ecuador’s national utility) to secure a 6-MW grid connection. The connection will feed into the Svetlana substation to supply mainly hydro-backed renewable energy to power the plant.Leaching area – Rehabilitation of the leaching infrastructure is some 70% complete.Operational readiness – Operational readiness activities and hiring are ramping up, in line with plan.Tailings – Following repair of its geomembrane, the working tailings storage facility is expected to be operational at month-end.Permitting progress – Dynacor’s application for a commercialisation permit has been approved by ARCOM, Ecuador’s mining regulatory agency. Approval from the MAE (Ministry of Environment and Energy) is pending and expected in Q4-2026.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Figure 2: Tank Sampling at Galam in SenegalDynacor Group is an ore processing company dedicated to producing gold sourced from artisanal miners. Since its establishment in 1996, Dynacor has pioneered a responsible mineral supply chain with stringent traceability and audit standards for the fast-growing artisanal mining industry. By focusing on formalized miners, the Canadian company offers a win-win approach for governments and miners globally. Dynacor operates the Veta Dorada plant and owns a gold exploration property in Peru. The company is expanding to West Africa and within Latin America.The premium paid by luxury jewellers for Dynacor’s PX Impact® gold goes to Fidamar Foundation, an NGO that mainly invests in health and education projects for artisanal mining communities in Peru. Visit www.dynacor.com for more information.Forward-Looking InformationCertain statements in the preceding may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Dynacor, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflect management’s current expectations regarding future events and operating performance as of the date of this news release.For more information, please contact:Ruth HannaDirector, Investor Relations T: 514-393-9000 #236E: investors@dynacor.comWebsite: https://dynacor.comRenmark Financial Communications Inc.Bettina FilipponeT: (416) 644-2020 or (212) 812-7680E: bfilippone@renmarkfinancial.comWebsite: www.renmarkfinancial.comNotice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.