Dynacor's Growth Journey: Corporate Expansion Insights

Exciting Developments at Dynacor Group Inc.

MONTREAL – Dynacor Group Inc. (TSX: DNG) is excited to share a current update regarding our operational growth and expansion initiatives across various regions, particularly in West Africa and Latin America. This journey highlights our commitment to responsible mining and the sustainable growth of artisanal mining sectors.

Operational Highlights

With the recent lifting of road blockades, our ore supply chain to the mill has resumed, allowing operations to run at maximum capacity. The Dynacor team is focused on enhancing production efficiency while maximizing our purchase strategies and optimizing our milling processes.

Since the introduction of our new optimization projects, we have seen significant increases in mill efficiency and productivity. Key advancements include reduced consumption of reagents, improved management protocols, and increased operational readiness regarding laboratory procedures and water usage. Our experienced teams have positioned Dynacor for a robust second half of the year.

Expansion Efforts Across Regions

Senegal: Progressing to New Heights

The construction of our pilot plant in Senegal is moving ahead smoothly. Our construction team has mobilized on-site, and work will soon commence on a three-kilometer access road following the rainy season. By the end of September, we anticipate starting the construction of essential tailings ponds.

Delivery of the modular pilot plant is expected in the fourth quarter, with first ore processing targeted for the first quarter of 2026.

Ecuador: Building a Stronger Foundation

In Ecuador, we have signed a share purchase agreement to acquire the Svetlana processing plant and have already begun reshaping our corporate framework. Our planning for plant upgrades and local awareness campaigns is well underway.

Currently, we are establishing necessary banking, legal, and fiscal structures, and are actively engaging with the Ministry of Production regarding the Investment Protection Agreement (IPA). This agreement will ensure legal and regulatory stability as we proceed with our investment project.

Moreover, immediate priorities include evaluating the active tailings pond and ensuring the safe decommissioning of historic tailings in line with international standards. Maintaining operational readiness through knowledge retention among personnel has also been a focal point.

Stakeholder Engagement in Ecuador

With government approval secured, we look forward to engaging the community through the social participation phase of the Environmental Impact Assessment (EIA) plan for the Svetlana plant. This initiative will educate community members about our environmental management strategies and community relations programs, especially important given the plant's absence from community dialogues.

Strategic Discussions in Ghana and Côte d’Ivoire

Building upon productive meetings with GoldBod, Ghana's Ministry of Lands and Natural Resources, and the Minerals Commission, we are in advanced discussions surrounding our business plans within Ghana.

In Côte d'Ivoire, we continue to keep a close eye on the revisions to the mining code, although we expect no definitive decisions prior to upcoming presidential elections.

Future Sales Expectations

Dynacor remains on track to exceed $1 billion in sales by 2030, which reflects our strategic planning and commitment to growth.

About Dynacor Group

Dynacor Group is an innovative industrial ore processing entity focused on gold production sourced from artisanal miners. Established in 1996, we have set industry standards for a responsible mineral supply chain with rigorous traceability and auditing processes. By establishing win-win scenarios for both governments and miners, Dynacor is positioned as a key player in the artisanal mining sector.

We manage the Veta Dorada plant and own gold exploration properties in Peru while outlining expansion plans aimed at further development in West Africa and Latin America.

The premium paid by luxury jewelers for Dynacor’s PX Impact® gold supports the Fidamar Foundation, an NGO dedicated to enhancing health and education initiatives for artisanal mining communities in Peru.

Frequently Asked Questions

What recent advancements has Dynacor made in operations?

Dynacor has resumed operations at full capacity following the lifting of road blockades, focusing on production optimization.

What are the expansion plans for Dynacor in Senegal?

The construction of a pilot plant is underway, with the aim of processing first ore in early 2026.

How is Dynacor engaging with the community in Ecuador?

Dynacor plans to initiate community discussions regarding the Environmental Impact Assessment to build trust and transparency.

What is the long-term sales goal for Dynacor?

The company aims to exceed $1 billion in sales by the year 2030, demonstrating growth and expansion.

When is the anticipated delivery of the Senegal pilot plant?

The modular pilot plant is expected to be delivered in the fourth quarter of this year.

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