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Dynacor increases gold processing capacity at its Veta Dorada operation in Peru

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(Kitco News) - Dynacor Group (TSX-DNG), an international gold ore industrial company servicing artisanal and small-scale miners (ASMs), today announced the completion of its plant processing capacity expansion to 500 tpd at its Veta Dorada plant in Chala, Peru.

According to the company’s statement, the new plant expansion has increased gold ore-processing capacity by an additional 16% and follows the 25% increase completed in mid-2021.

President and CEO Jean Martineau commented, "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. Dynacor Group is prepared to meet this growing demand with Veta Dorada, one of the largest ASM ore processing plant in Peru."

The company said that the total 2022 investment for this expansion amounted to approximately $0.8 million in areas including crushing, milling, desorption, laboratory, and transport.

Importantly, Dynacor added that the Veta Dorada plant has been steadily increasing its daily output over the last number of years, allowing the company, through its Peruvian subsidiary, to become the ninth gold exporter in Peru for the first nine months of 2022.

Dynacor is a dividend-paying industrial gold ore processor headquartered in Montreal, Canada. The corporation is engaged in gold production through the processing of ore purchased from the ASM (artisanal and small-scale mining) industry. At present, Dynacor operates in Peru. It also owns a gold exploration property (Tumipampa) in the Apurimac department.

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