The revolving agreement grants Dynacor the flexibility to receive advance payments for London Good Delivery gold bullion before final delivery. By leveraging these proceeds, the company intends to stabilize its working capital and secure the necessary ore inventory to drive throughput at its Ecuadorian facilities.
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Dynacor Group Secures $20 Million Credit Line for Ecuador Growth
Montreal-based gold processor Dynacor Group has finalized a $20 million unsecured prepayment facility with Auramet International to accelerate operations in Ecuador. The capital infusion arrives as the company nears completion of a critical refurbishment at its Svetlana ore processing plant, positioning the firm to ramp up production capacity.
Under the terms of the two-year contract, Dynacor retains the ability to utilize spot, forward, or prepayment arrangements for gold produced by its subsidiaries. The deal includes an option for extension, provided both parties reach a mutual agreement to continue the partnership beyond the initial term.
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