MONTREAL, July 09, 2026 – Dynacor Group Inc. (TSX: DNG) has announced that ore production from its Galam pilot plant in the Kédougou region of southeastern Senegal has commenced, in line with its schedule. The pilot plant is now over 95% complete, with commissioning of the laboratory and front-end process plant finished and operational.
Commissioning Progress
Hot commissioning activities are ongoing in the main process areas, including the grinding, leaching, gold refining and Merrill Crowe circuits. An initial stockpile of gold-bearing ore has been built from local suppliers, aligning with the start-up target. Purchasing of ore from additional supplier groups is scheduled to continue in August. Initial plant operator and maintenance positions are being filled, and the tailings storage facility (TSF) cell has been lined and is operational.
Daniel Misiano, President & CEO of Dynacor, commented: “We are excited to highlight Galam’s move from construction to commissioning. This is a significant achievement and a testament to the experience of the Dynacor team. So far, commissioning is proceeding to plan. When fully ramped-up, Galam will act as a blueprint for future commercial plants in Africa, which is expected to be the key driver of our expansion strategy.”
Ecuador Plant Upgrade Advancing
Rehabilitation work on the Svetlana processing plant in Ecuador continues to advance towards a targeted Q4-2026 restart. Overall rehabilitation of the plant has reached about 40% completion. Key progress includes: the crushing circuit rehabilitation is 50% complete, with remaining work on the cone crusher and hydraulic feeder, plus replacement of conveyor belts, chute lining and pulley systems; the milling area rehabilitation of the ball mill and supporting infrastructure is over 60% complete, including upgrade of the release motor and pinion bearings, and alignment of the girth gear and pinions; electrical and power systems installation of substation transformers and rehabilitation of cabling for key equipment is progressing; leaching tank rehabilitation including baffle replacement and air-slurry redesign is almost halfway complete; most replacement equipment has been secured; a geotechnical review and laboratory testing of the working tailings pond is ongoing; assessment of the laboratory for rehabilitation and installation of Atomic Absorption Spectroscopy (AAS) equipment is ongoing; and Dynacor has submitted its application for an Investment Protection Agreement to the government of Ecuador and is advancing its commercialization permit, with all permits on track for Q4-2026.
Misiano added: “Furthermore, rehabilitation of the Svetlana plant in Ecuador continues advancing towards our targeted Q4-2026 restart. With ongoing strong core operations and both new plants on schedule, we are poised for a strong second-half of the year.”
About Dynacor Group
Dynacor 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.
This news release contains forward-looking statements that involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied.
