Dynacor Group Secures $20 Million Gold Prepayment Facility for Ecuadorian Expansion
Dynacor Group (DNGDF) has entered into an unsecured $20 million gold purchase and prepayment facility with Auramet International. The capital is specifically earmarked to support working capital requirements, enabling the company to build necessary inventory for its Svetlana processing plant located in Ecuador. This financing arrangement facilitates the expansion of Dynacor's operational capacity in South America. By securing these funds through a gold prepayment model, the company aims to stabilize its supply chain and production capabilities as it scales operations at the Ecuadorian site.
Topics: gold purchase facility inventory building working capital