Guinea Samples Return 91%–94% Average Gold Recovery in Initial Tests

[SMM Gold & PGMs Flash] Spot gold rose 0.1% to US$4,198.19 an ounce by 04:32 GMT on 12 October, after earlier reaching its highest level since 2 October. US December gold futures gained 0.1% to US$4,221.80. Spot platinum and palladium also advanced 0.8% to US$1,701.40 and US$1,156.81 an ounce, respectively. These are time-stamped wholesale-market observations, not live African mine-gate or trader quotations. Reuters linked the gains to a subdued US dollar, lower oil prices and positioning before US inflation releases due later this week. For South African PGM producers, firmer platinum and palladium prices may support realised revenue if sustained, although the effect depends on contract timing, exchange rates and sales mix. Reuters identified no new mine-supply disruption, and one session’s increase does not establish a broader recovery.

[SMM Gold Flash] Dynacor Group's 50-tonne-per-day Galam pilot plant in Kédougou completed its first gold doré pour on 30 September, using gold-silver cement from the Merrill-Crowe circuit. The company said plant run time and recovery were increasing following commissioning, with ramp-up to nameplate capacity now the next objective. Galam is designed to process ore from permitted artisanal and small-scale miners in Senegal’s main ASGM region. Dynacor says a successful pilot could precede a 300-tonne-per-day commercial plant, but that larger facility has not been built or approved in this announcement. The first pour confirms processing occurred; Dynacor did not disclose the doré weight, recovery rate or operating economics.