Dynaresource Inc - Mining Stock Analysis & Updates
Latest News and Market Performance for Dynaresource Inc
Perm ID: 1-4295955704
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DynaResource Reports Year End 2024 Results Demonstrating a Return to Profitability in Q4 2024 at the San Jose de Gracia Mine
DynaResource, Inc. reported improved profitability for FY 2024, with Q4 revenue rising 124% to $14.8 million and net income of $0.1 million, reversing a loss from Q4 2023. Gold production increased by 19%, and milled throughput showed significant growth, indicating operational success.
DynaResource Announces 2025 Guidance and Preliminary 2024 Operating Results
DynaResource, Inc. announces its preliminary 2024 results and 2025 guidance for its San Jose de Gracia mine, projecting gold production of 27,000-30,000 ounces, AISC of $1,850-$2,050, and significant investments in operational efficiency and exploration for future growth.
DynaResource Announces Results of its 2024 Annual Meeting of Stockholders
DynaResource, Inc. announced the results of its 2024 annual stockholders' meeting, where new directors were elected, the 2024 Equity Incentive Plan was approved, and Davidson & Company LLP was ratified as auditors. CEO Rohan Hazelton expressed gratitude to stockholders.
DynaResource Reports November Production and Management Initiatives at the San Jose de Gracia Mine
DynaResource, Inc. reported November 2024 production results from its San Jose de Gracia Mine, achieving 2,182 ounces of gold and an average of 770 tons milled daily, despite power outages. The company anticipates annual production of 25,500 to 26,000 ounces of gold.
DynaResource Announces Postponement of Annual Meeting of Stockholders
DynaResource, Inc. has postponed its 2024 annual meeting from December 13, 2024, to January 6, 2025, due to delays in mailing proxy materials. The record date remains November 8, 2024, and stockholders are encouraged to vote and review the proxy statement.
DynaResource Reports Successful Repayment of Existing Credit Facilities and Drawdown of Expanded Revolving Credit Line
DynaResource, Inc. has successfully repaid a $4 million credit line and a $5.85 million revolving credit balance, increasing its RCL limit to $12.5 million. This move reflects strong financial management and positions the company for growth and operational efficiency.
DynaResource Reports October Production Demonstrating Strong Month Over Month Metal Production Growth at the San Jose de Gracia Mine
DynaResource, Inc. announced its October 2024 operating results, revealing a successful month with 2,626 ounces of gold produced and an average of 826 tons of gold processed per day at its San Jose de Gracia Mine in Mexico. This reflects a 26% increase in gold production from September 2024. The company also reported an 11% increase in the amount of tons milled and a 7.3% increase in the average tons processed per day. DynaResource, Inc. attributed these strong results to operational changes and an ongoing optimization program aimed at increasing profitability through cost-cutting measures, improved grade control, increased access to working areas, and better use of existing infrastructure. They are targeting a full year
DynaResource Reports Q3 2024 Results Demonstrating Operational Turnaround Progress at the San Jose de Gracia Mine
DynaResource, a Texas-based company, has reported promising results for Q3 2024. The results included an 83% increase in revenue to $11.2 million compared to Q3 2023, and a 27% improvement in milled throughput. The company has made significant advances towards improving profitability at its San Jose de Gracia Mine with a focus on cutting costs and enhancing operational efficiency. The net loss of the company improved from $2.9 million in Q2 2024 to $0.8 million in Q3 2024. DynaResource is planning to resume exploration activities in Q4 2024 with a focus on expanding the mine's known resources.
