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Dynacor Will increase its Gold Ore Processing Throughput to 500 tpd (Tonnes Per Day) Following Plant Enlargement at its Veta Dorada Operation in Peru


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MONTREAL, Nov. 23, 2022 (GLOBE NEWSWIRE) — Dynacor Group Inc. (TSX-DNG) (Dynacor or the “Company”), a world gold ore industrial company servicing ASMs (artisanal and small-scale miners), in the present day introduced the completion of its plant processing capability growth to 500 tpd (tonnes per day) at its Veta Dorada plant in Chala, Peru.

The brand new plant growth has elevated gold ore-processing capability by a further 16% and follows the 25% enhance accomplished in mid-2021. Our rising ASM producer community and ore equipped contributed to the rise in our ore stock stage in the previous few months to over 9,000 tonnes on the finish of September, representing twenty (20) days of manufacturing at its earlier processing capability of 430 tpd. Dynacor’s stock continued to construct up in October, whereas administration estimates greater than 13,000 tonnes of ore to be processed in November, a brand new month-to-month report excessive.

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Jean Martineau, President and CEO, states, “We proceed to see rising demand for development from our community of ASM gold producers, and we count on this to proceed, pushed by extra ASMs in Peru advancing via the formalization course of. Dynacor Group is ready to fulfill this rising demand with Veta Dorada, one of many largest ASM ore processing plant in Peru.”

The overall 2022 funding for this growth amounted to roughly $0.8 million in areas together with crushing, milling, desorption, laboratory, and transport.

The Veta Dorada plant has been steadily rising its day by day output during the last variety of years, permitting Dynacor, via its Peruvian subsidiary, to turn out to be the ninth gold exporter in Peru for the primary 9 months of 2022.

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ABOUT
DYNACOR

Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The company is engaged in gold manufacturing via the processing of ore bought from the ASM (artisanal and small-scale mining) trade. At current, Dynacor operates in Peru, the place its administration and processing groups have a long time of expertise working with ASM miners. It additionally owns a gold exploration property (Tumipampa) within the Apurimac division.

The company intends to broaden its processing operations in different jurisdictions as nicely.

Dynacor produces environmental and socially accountable gold via its PX IMPACT® gold program. A rising variety of supportive corporations from the nice luxurious jewellery, watchmakers and funding sectors pay a small premium to our buyer and strategic accomplice for this PX IMPACT® gold. The premium supplies direct funding to develop well being and schooling initiatives for our artisanal and small-scale miner’s communities.

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Dynacor is listed on the Toronto Inventory Change (DNG).

FORWARD-LOOKING
INFORMATION

Sure statements within the previous might represent forward-looking statements, which contain identified and unknown dangers, uncertainties and different components which will trigger the precise outcomes, efficiency, or achievements of Dynacor, or trade outcomes, to be materially completely different from any future end result, efficiency or achievement expressed or implied by such forward-looking statements. These statements mirror administration’s present expectations relating to future occasions and working efficiency as of the date of this information launch.

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Web site: http://www.dynacor.com

Twitter: http://twitter.com/DynacorGold

PDF obtainable: http://ml.globenewswire.com/Useful resource/Obtain/a5a1df01-f67f-44cd-b2e3-5ebfa4ed3e8d

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