DynaResource Reports October Production Demonstrating Strong Month Over Month Metal Production Growth at the San Jose de Gracia Mine
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) riporta una forte crescita operativa nella Miniera di San Jose de Gracia per ottobre 2024. La produzione di oro ha raggiunto 2.626 once, segnando un incremento del 26% rispetto alle 2.092 once di settembre. La miniera ha ottenuto un grado medio di 4,17 g/t di oro (in aumento dell'11%) e ha trattato 25.596 tonnellate (in aumento dell'11%), con una media di 826 tonnellate al giorno. I tassi di recupero hanno raggiunto il 76,6%, con test che mostrano un potenziale del 78,5-79,1%. L'azienda mantiene il suo obiettivo di produzione per il 2024 di 26.000-27.000 once d'oro, con una produzione da inizio anno di 21.528 once.
DynaResource (OTCQX: DYNR) reporta un fuerte crecimiento operativo en la mina San Jose de Gracia para octubre de 2024. La producción de oro alcanzó 2,626 onzas, marcando un aumento del 26% respecto a las 2,092 onzas de septiembre. La mina logró un grado promedio de 4.17 g/t de oro (aumento del 11%) y procesó 25,596 toneladas (aumento del 11%), promediando 826 toneladas por día. Las tasas de recuperación alcanzaron el 76.6%, con pruebas que muestran un potencial de 78.5-79.1%. La compañía mantiene su objetivo de producción para 2024 de 26,000-27,000 onzas de oro, con una producción acumulada hasta la fecha de 21,528 onzas.
DynaResource (OTCQX: DYNR)는 2024년 10월 산 호세 데 그라시아 광산에서 강력한 운영 성장을 보고합니다. 금 생산량은 2,626 온스에 도달하여 9월의 2,092 온스에 비해 26% 증가했습니다. 이 광산은 평균 4.17 g/t의 금 함량(11% 증가)을 달성했으며 25,596톤을 처리했습니다(11% 증가), 하루 평균 826톤입니다. 회수율은 76.6%에 도달했으며, 테스트 결과 78.5-79.1%의 잠재력을 보였습니다. 이 회사는 2024년 금 생산 목표를 26,000-27,000 온스로 유지하고 있으며, 올해 생산량은 21,528 온스입니다.
DynaResource (OTCQX: DYNR) annonce une forte croissance opérationnelle de la mine de San Jose de Gracia pour octobre 2024. La production d'or a atteint 2 626 onces, marquant une augmentation de 26 % par rapport aux 2 092 onces de septembre. La mine a réalisé un grade moyen de 4,17 g/t d'or (en hausse de 11 %) et a traité 25 596 tonnes (en hausse de 11 %), avec une moyenne de 826 tonnes par jour. Les taux de récupération ont atteint 76,6 %, avec des tests montrant un potentiel de 78,5-79,1 %. L'entreprise maintient son objectif de production pour 2024 de 26 000 à 27 000 onces d'or, avec une production à ce jour de 21 528 onces.
DynaResource (OTCQX: DYNR) berichtet von starkem betrieblichem Wachstum in der Mine San Jose de Gracia für Oktober 2024. Die Goldproduktion erreichte 2.626 Unzen, was einem Anstieg von 26% gegenüber 2.092 Unzen im September entspricht. Die Mine erzielte einen durchschnittlichen Gehalt von 4,17 g/t Gold (11% Steigerung) und verarbeitete 25.596 Tonnen (11% Steigerung), mit einem Durchschnitt von 826 Tonnen pro Tag. Die Rückgewinnungsraten erreichten 76,6%, wobei Tests ein Potenzial von 78,5-79,1% zeigten. Das Unternehmen hält an seinem Produktionsziel für 2024 von 26.000-27.000 Goldunzen fest, mit einer bisher produzierten Menge von 21.528 Unzen.
- Gold production increased 26% month-over-month to 2,626 ounces
- Average grade improved 11% to 4.17 g/t gold
- Mill throughput increased 11% to 25,596 tons
- Daily processing capacity improved to 826 tons per day
- Recovery rates improved to 76.6% with potential for further increase
- None.
All figures in United States Dollars ("USD").
Irving, Texas--(Newsfile Corp. - November 19, 2024) - DYNR-DynaResource, Inc. (OTCQX: DYNR) ("DynaResource", or "the Company") is pleased to announce the October 2024 operating results at its San Jose de Gracia Mine in Sinaloa, Mexico, highlighted by 2,626 ounces of gold production and an average of 826 tons per day.
October 2024 production highlights include:
2,626 ounces of gold production, up
26% from 2,092 in September 2024Average grade of 4.17 g/t gold, up
11% month over month25,596 tons milled, up
11% from Sept 2024Average tons per day of 826, a
7.3% increase over the previous month
"Exiting the third quarter, it was clear the operational changes the Company has been implementing at San Jose de Gracia are being reflected in strong results, notably the month over month production gains in October 2024," stated Rohan Hazelton, President & CEO DynaResource. "The Company remains focused on the optimization program to increase profitability by way of cost cutting measures, improved grade control, increased access to working faces and improved utilization and productivity of current infrastructure. With the targeted full year 2024 production of 26,000-27,000 gold ounces we look forward to monthly updates for the remainder of 2024."
Summary of key operational performance for the month and YTD is provided in the tables below:
| Operating Metrics | Month | YTD | |
| Actual | Actual | ||
| Days Operating | 31 | 305 | |
| Tons Milled | 25,596 | 215,602 | |
| Grade Calculated | 4.17 | 4.06 | |
| Recovery % | |||
| Gold produced (Oz) | 2,626 | 21,528 | |
Overview of October Operations
Plant and Mill
The plant has been operating at higher throughput levels since the installation of the new vibrating screen was completed in August 2024. October average mill throughput was 826 tons per day ("tpd") with maximum rates achieved of 870-880 tpd. Metallurgical testing has also showed improvements in the month as new reagents were introduced resulting in an optimized flowsheet with average recoveries achieved of
Mining
The team is focused on better understanding the potential of key areas in the underground mine, particularly in San Pablo South, through structural geology interpretations. Current production efforts on the 500 Level are yielding promising results, with an active ore drive showing high-grade gold potential. This work highlights the significant opportunity to further define and exploit high-grade zones in this area.
Looking ahead, the plan includes deeper and lateral drilling between the San Pablo and Tres Amigos veins to potentially extend the high-grade underground resource at San José de Gracia. Exploration efforts will also target the development of San Pablo South towards Mochomera, which has potential to connect with the historical, high-grade Palos Chinos and Purisima mines. These initiatives aim to build on both modern geological insights and historical mining data to maximize the resource potential of the property.
Year to Date Operating Results
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About DynaResource
DynaResource is a junior gold mining producer trading on the OTCQX under the symbol "DYNR". DynaResource is actively mining and expanding the historic San Jose de Gracia gold mining district in Sinaloa, Mexico.
On behalf of the Board of Directors of DynaResource, Inc.
Rohan Hazelton
President & CEO
For Information on DynaResource, Inc. please visit www.dynaresource.com, or contact:
Investor Relations:
Katherine Pryde, Investor Relations Manager
+1 972-869-9400
info@dynaresource.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
This news release contains forward-looking statements within the meaning of Section 27 A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Certain information contained in this news release, including any information relating to future financial or operating performance may be deemed "forward-looking". All statements in this news release, other than statements of historical fact, that address events or developments that DynaResource expects to occur, are "forward-looking information". These statements relate to future events or future performance and reflect the Company's expectations regarding the future growth, results of operations, business prospects and opportunities of DynaResource. These forward-looking statements reflect the Company's current internal projections, expectations or beliefs and are based on information currently available to DynaResource. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "estimate", "projects", "potential", "scheduled", "forecast", "budget" or the negative of those terms or other comparable terminology. Certain assumptions have been made regarding the Company's plans at the San Jose de Gràcia property. Many of these assumptions are based on factors and events that are not within the control of DynaResource and there is no assurance they will prove to be correct. Such factors include, without limitation: capital requirements, fluctuations in the international currency markets and in the rates of exchange of the currencies of the United States and México; price volatility in the spot and forward markets for commodities; discrepancies between actual and estimated production, between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; changes in national and local governments in any country which DynaResource currently or may in the future carry on business; taxation; controls; regulations and political or economic developments in the countries in which DynaResource does or may carry on business; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses and permits, diminishing quantities or grades of reserves; competition; loss of key employees; additional funding requirements; actual results of current exploration or reclamation activities; changes in project parameters as plans continue to be refined; accidents; labor disputes; defective title to mineral claims or property or contests over claims to mineral properties. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance or inability to obtain insurance, to cover these risks) as well as those risks referenced in the Annual Report for DynaResource available at www.sec.gov. Forward-Looking information is not a guarantee of future performance and actual results, and future events could differ materially from those discussed in the forward-looking information. All of the forward-looking information contained in this news release is qualified by these cautionary statements. Although DynaResource believes that the forward-looking information contained in this news release is based on reasonable assumptions, readers cannot be assured that actual results will be consistent with such statements. Accordingly, readers are cautioned against placing undue reliance on forward-looking information. DynaResource expressly disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, events or otherwise.
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