Dynacor Group Inc., a prominent mining corporation, has released a comprehensive update on its international expansion projects and corporate reorganization efforts. The company confirms that both its Senegal and Ecuador processing facilities remain on schedule to process their first ore in 2026, marking significant milestones in the corporation's growth strategy.
Senegal Pilot Plant Construction Nears Completion
The 50-ton-per-day pilot plant located in Kédougou, Senegal, continues to advance according to plan. Construction of the processing plant has reached approximately 85% completion, with concrete work progressing steadily and structural steel erection advancing in the crushing and grinding areas. The ball mill module is currently being installed as part of the ongoing construction efforts.
Procurement activities are nearly complete, with most equipment already delivered to the site. Mechanical installation of major equipment is scheduled to commence shortly, and all necessary permits have been secured to begin commissioning during the second quarter of 2026.
Infrastructure and Operational Readiness
The laboratory facility is approaching structural completion, with the laboratory provider preparing to begin commissioning within the coming weeks under the Build-Own-Operate model. The tailings storage facility cell has reached nearly 80% completion, with geomembrane placement planned for late April.
Dynacor is actively recruiting operations and technical teams to support the plant startup. The corporation has established initial agreements with local ore suppliers to create pre-commissioning stockpiles, ensuring smooth operational transitions once the facility becomes active.
Ecuador Processing Plant Upgrades Progressing
In Ecuador, Dynacor continues to advance integration and upgrade work at the Svetlana processing plant, with gold production expected to commence during the fourth quarter of 2026. Recent achievements include the initiation of civil engineering work for remediation of two decommissioned tailings storage facilities and upgrades to the third active facility.
Refurbishment of the crushing area has begun, and evaluation of the ball mill is currently underway. Mechanical contract work is expected to start on site this week, and most long-lead items have already been ordered to maintain the project timeline.
Regulatory Progress and Strategic Importance
Dynacor has applied for a commercialization permit and anticipates submitting an application for an Investment Protection Agreement with the Ecuadorian government shortly. All required permits are projected to be in place by the fourth quarter of 2026.
Daniel Misiano, Chief Operating Officer of Dynacor, commented on the progress, stating, "We are making good progress on refurbishing Svetlana, which continues to track the 2026 guided capital expenditure and timeline. The acquisition of Svetlana is a game changer for Dynacor, and we look forward to accelerating shareholder value creation through its relaunch."
Corporate Reorganization Advances
Dynacor continues to progress with the reorganization of its Peruvian subsidiary, reflecting the corporation's ongoing commitment to enhancing performance, strengthening governance, and ensuring compliance with applicable laws. Since 2025, the corporation has implemented a comprehensive transformation of its legacy operations through a thorough overhaul of organizational structure, systems, policies, and procedures.
In response to concerns regarding certain employee practices inconsistent with Dynacor's values, the corporation engaged an external firm to conduct an independent review of selected processes. This firm has been examining relevant records, documents, processes, and conducting interviews for more than eight months as part of this comprehensive assessment.
The expansion projects in Senegal and Ecuador represent significant strategic investments for Dynacor Group Inc., positioning the corporation for increased production capacity and operational efficiency in key mining regions. With both facilities progressing according to schedule, Dynacor remains focused on executing its growth strategy while maintaining strong corporate governance standards.
