Dynacor Group Inc.'s Galam pilot pours first gold in Senegal
The Oct. 5 release says Galam's first doré bar came from Merrill-Crowe cement, but gives neither the bar's weight nor a date for the pilot to reach nameplate capacity.
Mara Quinlan
Dynacor Group Inc. TSEDNG said Monday that it completed its first gold doré pour at the Galam pilot plant in Senegal on Sept. 30. The pour provides the first gold doré bar from a 50-tonne-per-day plant that could precede a 300-tonne-per-day commercial processor if the pilot succeeds.
Dynacor shares closed at C$5.03 in Toronto on Friday, Oct. 2, down 0.98 per cent at 4 p.m. EDT, according to the TSEDNG quote page. That trading session ended before the Oct. 5 release, so it cannot show a market reaction to the pour.
The company said it made the bar from gold-silver cement produced by the plant's Merrill-Crowe circuit. The Oct. 5 release gave neither the bar's weight nor an initial gold output in ounces, leaving the amount of metal recovered in the first pour undisclosed.
Galam's run time and gold recovery have increased since commissioning as Dynacor ramps toward its 50-tonne daily nameplate rate, but the Oct. 5 release gives no current feed rate or target date. The proposed 300-tonne-per-day commercial plant depends on pilot success; the Oct. 5 release gives no construction cost or start date.
Dynacor's Sept. 24 expansion update said commissioning at Galam was complete, additional ore stock had been sourced from new suppliers, and plant operator roles were being filled while the inaugural pour was prepared. Monday's release confirms the pour Dynacor was preparing in that earlier update.
"We are delighted to highlight our first gold pour on the continent of Africa, marking our transition into a geographically diversified gold processor," Dynacor chief executive Daniel Misiano said in the release.
Galam sits in Senegal's Kédougou region and is wholly owned by Dynacor. The company says that region contains about 98 per cent of the country's artisanal and small-scale gold-mining sites and 13 of its 16 government-permitted mining corridors.
Dynacor calls Galam Senegal's first gold processing plant serving permitted artisanal and small-scale miners. The release gives no count of suppliers already delivering ore to Galam.
Dynacor operates the Veta Dorada plant in Peru, where it processes ore sourced from artisanal miners. It describes the Senegal pilot as a test ground for expansion in Africa, beyond its existing Peruvian operation.
Chief executive Misiano said the Galam modular plant took 10 months to build without a lost-time injury. The proposed commercial plant would have six times the pilot's daily ore-processing capacity.
The next dated expansion step is at Dynacor's separate Svetlana plant in Ecuador: the company scheduled first ore feed for October 2026, followed by an initial gold pour targeted for the fourth quarter of 2026.
