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Overview of Dynaresource, Inc.
Dynaresource, Inc. (symbol: DYNR) is a seasoned mining company engaged in the acquisition, exploration, and development of precious and base metal properties. With its roots tracing back to 1937 and headquarters in Irving, Texas, Dynaresource brings decades of experience to the mining industry. Known for its focus on gold and silver exploration, the company has built a credible track record in identifying and developing high-potential mineral properties, most notably at its flagship San Jose de Gracia property located in northern Sinaloa, Mexico.
Core Business and Operational Excellence
At the heart of Dynaresource's business model is its ability to identify, develop, and manage mineral assets using advanced exploration techniques and rigorous geological surveys. The company employs a multi-tiered approach:
- Exploration: Utilizing sophisticated drilling programs and geological mapping, the team consistently evaluates high-grade underground targets and expansion opportunities within its mining concessions.
- Acquisition and Investment: Dynaresource strategically acquires properties that show promising mineralization, ensuring a robust portfolio of assets that underpin its operational activities.
- Development: With continuous investments in infrastructure and mining technology, the company prioritizes optimizing extraction processes and improving recovery rates while maintaining prudence in capital management.
The integration of these strategies enhances the company’s operational efficiency and resource management, enabling it to adapt to evolving industry dynamics and maintain strong performance in competitive markets.
Market Positioning and Strategic Management
Positioned as a junior mining producer, Dynaresource leverages its extensive exploration programs and disciplined financial management to strengthen its market presence. Its flagship San Jose de Gracia property not only serves as the cornerstone of its current operations but also represents significant potential for resource expansion. The company’s methodical approach combines in-depth geological insights with operational discipline, ensuring a balanced pursuit of growth and cost-control.
Financial and Operational Expertise
Dynaresource demonstrates financial prudence through its strategic use of credit facilities and optimized operational expenditures. Its ability to implement cost-saving measures and upgrade technological assets in mining and processing reinforces its commitment to transparent, methodical financial management. This careful balancing of capital expenditures and operational improvements forms an essential part of its sustainable business model, bolstering stakeholder confidence without resorting to speculative forecasts.
Industry-Specific Insights
Emphasizing its expertise in mineral exploration and ore processing, Dynaresource makes use of industry-leading practices to maximize its asset value. Detailed geological studies, the use of advanced recovery techniques, and a proactive approach to infrastructure enhancements ensure that the company remains at the forefront of mining innovation. These efforts are supported by a team of experienced professionals who bring technical know-how and strategic thinking to each phase of the exploration and development process.
Conclusion
In summary, Dynaresource, Inc. stands out in the mining sector through its comprehensive exploration, strategic acquisition practices, and dedication to operational excellence. With a long-established legacy and a focused approach to technology and cost management, the company delivers a balanced and disciplined case study in resource development. Its commitment to continuous improvement, grounded in decades of experience and industry-specific expertise, positions Dynaresource as a notable entity within the precious metals mining landscape.
DynaResource (OTCQX: DYNR) has announced significant metallurgical test results from its San Jose de Gracia mine in Mexico, revealing gold recovery rates exceeding 95% across all samples using gravity followed by flotation methods. The company plans to enhance its gold recovery process by installing three new Falcon gravity concentrators after the Ball mills.
The test work, conducted on fresh rock composite samples from the San Pablo, San Pablo Sur, and La Mochomera mining zones, demonstrated gravity gold recoveries of up to 33.8%. This confirms the ore's amenability to conventional gravity gold processing methods. The company expects to improve overall gold recoveries to approximately 80% with the operating gravity circuit in the third quarter of 2025, up from the current low to mid-70% range.
These results will be incorporated into an upcoming SK1300 Technical Report Pre-Feasibility Study, scheduled for release in early Q2 2025.
DynaResource (OTCQX: DYNR) has released its 2025 guidance and preliminary 2024 operating results for its San Jose de Gracia mine in Mexico. The company projects 2025 gold production of 27,000-30,000 ounces with All-In Sustaining Costs of $1,850-$2,050 per ounce. Capital expenditures are planned at $4.8-5.8 million, with exploration spending of $2.5-3 million.
For December 2024, the company reported 1,968 ounces of gold production with an average grade of 4.18 g/t gold and 18,966 tons milled. Full-year 2024 production reached 25,677 ounces, meeting updated guidance. The company plans to increase throughput rates to over 800 tonnes per day through strategic investments, with production primarily from San Pablo and Mochomera deposits.
December operations faced challenges with power outages affecting mill equipment, particularly a 21-day downtime for the 8x12 ball mill. The company expects increased operating cash flow in the second half of 2025 following capital-intensive investments in the first half.
DynaResource (OTCQX: DYNR) held its 2024 Annual Meeting of Stockholders on January 6, 2025. Stockholders elected six Class I Directors: K.W. Diepholz, Dr. Quinton Hennigh, Brent Omland, Rohan Hazelton, Maria Virginia Anzola, and Dale G. Petrini, along with Philip A. Rose as Class II Director. The meeting also saw the approval of the 2024 DynaResource Amended and Restated Equity Incentive Plan and the ratification of Davidson & Company LLP as the independent registered public accounting firm for 2024.
The company announced board changes, with John Wasserman departing after 9 years of service and welcoming new board member Maria Virginia Anzola, a lawyer with over 20 years of experience in the extraction industry.
DynaResource (OTCQX: DYNR) reported November 2024 production of 2,182 ounces of gold at its San Jose de Gracia Mine in Sinaloa, Mexico. The operation achieved an average mill throughput of 770 tons per day, processing 23,108 tons at an average grade of 4.02 g/t gold with a 73.0% recovery rate.
Production was impacted by power outages on the main regional grid, though the plant maintained higher throughput levels following the August 2024 installation of a new vibrating screen. The company has procured additional diesel generation to mitigate power interruption impacts. Metallurgical testing indicates potential recoveries of 78.5-79.1% from the plant flotation circuit.
The company revised its full-year production guidance to approximately 25,500-26,000 ounces of gold. Year-to-date production stands at 23,710 ounces from processing 238,710 tons at an average grade of 4.06 g/t gold with 76.0% recovery.
DynaResource (OTCQX: DYNR) has announced the postponement of its 2024 Annual Meeting of Stockholders from December 13, 2024, to January 6, 2025, due to unexpected delays in printing and mailing proxy materials. The meeting will be held at 11:00 a.m. Central Time in Irving, Texas.
The record date remains November 8, 2024, for stockholder voting eligibility. Previously submitted proxies remain valid unless stockholders choose to change their vote. The company encourages stockholders to review the definitive proxy statement filed with the SEC on November 12, 2024, and submit their proxies by January 3, 2025, at 11:59 p.m. Eastern Time.
DynaResource (OTCQX: DYNR) has successfully repaid its $4M Temporary Additional Credit Line (TACL) and $5.85M Revolving Credit Line (RCL) to Ocean Partners Holdings Following the repayment, the company secured an expanded RCL with a maximum principal of $12.5M, of which $9.85M has been drawn down. The company maintains $2.65M available for further drawdown under the RCL agreement and reports $4.7M cash on hand as of November 30. This financial restructuring demonstrates the company's strong financial management and Ocean Partners' continued confidence in DynaResource's operational performance.
DynaResource (OTCQX: DYNR) reports strong operational growth at San Jose de Gracia Mine for October 2024. Gold production reached 2,626 ounces, marking a 26% increase from September's 2,092 ounces. The mine achieved an average grade of 4.17 g/t gold (up 11%) and processed 25,596 tons (up 11%), averaging 826 tons per day. Recovery rates reached 76.6%, with testing showing potential for 78.5-79.1%. The company maintains its 2024 production target of 26,000-27,000 gold ounces, with year-to-date production at 21,528 ounces.
DynaResource (OTCQX:DYNR) reported Q3 2024 results showing operational improvements at San Jose de Gracia Mine. Revenue reached $11.2 million, up 83% from Q3 2023. The company achieved 61,900 tons milled throughput, a 27% improvement year-over-year, with daily mill throughput exceeding 750 tons in September 2024. Net loss improved from $2.9 million in Q2 2024 to $0.8 million in Q3 2024. Gold production was 5,676 ounces, down 12% from Q3 2023 due to lower feed grade. The company targets 2024 production of 26,000-27,000 gold ounces and aims to reach a monthly throughput of 25,500 tons in Q4 2024.
DynaResource has announced an extension of its commercial offtake agreement with Ocean Partners through December 2028. The agreement includes a $4M Temporary Additional Credit Line and an increase in the Revolving Credit Line to $12.5M, pending certain conditions. Golden Post , a major shareholder, will purchase $2.5M worth of common stock at $1.61 per share. These funds will support expanding mining activities at the San Jose de Gracia gold project in Mexico. The company emphasizes stakeholder support as a positive signal for their operational and shareholder value optimization.
DynaResource has appointed Rohan Hazelton as President, CEO, Interim CFO, and Director, effective immediately. Hazelton, a seasoned mining executive, succeeds K.D. Diepholz, who will remain as Chairman to ensure a smooth transition. Hazelton brings over 20 years of experience from roles at NorZinc, Cerrado Gold, and Goldcorp, among others. This leadership change aims to further develop the San Jose de Gracia project, enhancing operational and financial performance. Hazelton receives stock options under the company's Equity Incentive Plan, subject to approvals. The company also accepted Rene Mladosich's resignation from the board to facilitate Hazelton's appointment.
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