- Dynacor (DNG) has expanded capacity to 500 tpd at its Veta Dorada plant in Chala, Peru
- The expansion increases gold ore processing capacity by 16 per cent
- Management estimates more than 13,000 tonnes of ore to be processed in November, a new monthly record high
- Dynacor Group is an industrial gold ore processor headquartered in Montreal, Canada
- Dynacor (DNG) is up by 0.39 per cent, trading at $2.60 per share
Dynacor (DNG) has expanded capacity to 500 tpd at its Veta Dorada plant in Chala, Peru.
The expansion increases gold ore processing capacity by 16 per cent and follows a 25-per-cent increase in mid-2021.
The total 2022 investment for the expansion came to $0.8 million across crushing, milling, desorption, laboratory and transport.
The company’s growing artisanal and small-scale miner network and ore supply have increased ore inventory to over 9,000 tonnes as of September 30, 2022, representing twenty days of production at its previous processing capacity of 430 tpd.
Inventory continued to build up in October, with management estimating more than 13,000 tonnes of ore to be processed in November, a new monthly record high.
“We continue to see increasing demand for growth from our network of ASM gold producers, and we expect this to continue, driven by more ASMs in Peru advancing through the formalization process,” stated Jean Martineau, Dynacor’s President and CEO.
Dynacor’s Peruvian subsidiary is the ninth-largest gold exporter in Peru for the first nine months of 2022.
Dynacor Group is an industrial gold ore processor headquartered in Montreal, Canada.
Dynacor (DNG) is up by 0.39 per cent, trading at $2.60 per share as of 2:54 pm ET.