Dynacor resumes ore supply to mill

Executive Summary

• Dynacor reports that ore feed to its mill has resumed at full capacity following the removal of road blockades in July.
• Construction of a pilot plant in Senegal is on schedule, with modular equipment delivery expected in Q4 2026 and first ore processing targeted for Q1 2026.
• The company signed a share purchase agreement for the Svetlana processing plant in Ecuador and is advancing corporate structuring, plant upgrades, and stakeholder engagement there.

Key Details

• Mill Operations: Road blockades lifted mid‑July; ore supply resumed; mill operating at full capacity; ongoing mill‑optimization projects have begun reducing reagent use, water consumption, and improving laboratory and tailings‑pond efficiency.
• Senegal Pilot Plant: Construction team mobilized on site; three‑km access road, land clearance, and fencing to start after September rains; tailings‑pond construction slated for end of September; modular pilot plant delivery expected Q4 2026; first ore processing targeted Q1 2026.
• Ecuador – Svetlana Plant Acquisition: Share purchase agreement signed in July 2026; corporate structure (banking, legal, fiscal) being established with Ecuadorian authorities; negotiations underway for an Investment Protection Agreement (IPA) with MPCEIP.
• Plant Upgrade Plans (Ecuador): Scope of work for RFQs progressing; immediate priorities include assessment and safe de‑commissioning of two historic tailings ponds to international standards; electrical substation overview being prepared to support large motor commissioning; majority of plant personnel retained for knowledge transfer.
• Stakeholder Engagement (Ecuador): After government approval, social participation process for supplemental environmental impact study will commence; community outreach planned to explain environmental management and community‑relations program.
• Ghana: Ongoing discussions with GoldBod, Ghana’s Ministry of Lands and Natural Resources, and the Minerals Commission regarding a business plan following productive July meetings.
• Ivory Coast: Monitoring revisions to the mining code; no decision expected before October 2026 presidential election.
• Financial Outlook: Company remains on schedule to generate > US$1 billion in sales by 2030.

Notable Quotes

(No direct quotes were provided in the release.)