08:27 AM EDT, 09/04/2025 (MT Newswires) -- Dynacor Group Inc. ( DNGDF ) provided Thursday a corporate update covering operations and progress on its expansion plan within West Africa and Latin America, while saying it "remains on schedule" to generate more than US$1 billion in sales by 2030.

In an operational update, DNG said following lifting of the road blockades in mid-July, ore supply to the mill resumed and operations are running at full capacity again. The corporation added it is "strongly focused on achieving its guidance" by maximising its production and purchasing and rolling out its mill optimization projects. According to DNG, since their launch and implementation, the optimization projects are beginning to improve mill efficiency and productivity. DNG noted they have reduced reagent consumption; are redefining and implementing management processes and procedures; and are improving both the laboratory and water consumption; and optimized the tailings pond. "Supported by its reinforced operations and experienced teams, Dynacor ( DNGDF ) is well-positioned to drive a stronger second half," it said.

In an expansion update, on Senegal, Dynacor ( DNGDF ) said construction of a pilot plant there continues to progress on schedule. It noted mobilisation of the construction team has begun on site, and work on a three-kilometer access road, land clearance and fencing will begin once the rainy season ends in September. At end September, construction of the tailings ponds is scheduled to commence. It added delivery of the modular pilot plant is expected in Q4, and first ore remains on target for Q1-2026.

On Ecuador, DNG said since signing the share purchase agreement to acquire the Svetlana processing plant in July, it has begun defining its new corporate structure, planning the upgrade of the plant, and building company awareness locally.

On Ghana, building on productive meetings with GoldBod, the Ministry of Lands and Natural Resources and the Minerals Commission in July, the corporation said it is engaged in discussions with the Ghanaian government regarding its business plan. On Cote d'Ivoire, Dynacor ( DNGDF ) continues to monitor revision of the mining code but does not expect a decision before the presidential election in October.

DNG was up 0.8% on the TSX yesterday.