DynaResource Reports Q2 2025 Results for the San Jose de Gracia Mine

Core Viewpoint - DynaResource, Inc. reported improved operational performance for Q2 2025 at the San Jose de Gracia Mine, driven by ongoing optimization efforts and the discovery of new mineralized veins, despite a one-time adjustment impacting profitability [1][3][22]. Financial Performance - Revenue for Q2 2025 reached $15.9 million, a 43% increase from $11.1 million in Q2 2024 and a 16% increase from $13.7 million in the previous quarter [6][8]. - Net Operating Income was $2.7 million, compared to a Net Operating Loss of $2.9 million in Q2 2024 and a Net Operating Income of $1.8 million in the previous quarter [6][8]. - Net Income for the quarter was $0.5 million, a significant improvement from a Net Loss of $2.9 million in Q2 2024 and consistent with $0.6 million in the previous quarter [6][8]. - Gold production totaled 5,701 ounces, down 18% from 6,994 ounces in Q2 2024 but in line with 5,781 ounces produced in the previous quarter [6][12]. Operational Highlights - The optimization program at the SJG Mine focused on increasing throughput and recoveries, improving maintenance, and enhancing operational efficiencies [9][23]. - Average underground development reached 1,268 meters per month in Q2 2025, significantly higher than 383 meters per month in Q2 2024, allowing access to over 20 production stopes [10][13]. - Milled throughput was consistent at 66,834 tons for Q2 2025, with daily mill throughput averaging 734 tons per day [11][12]. Mineral Reserves and Resources - The S-K 1300 Technical Report Summary indicated a high-grade Proven and Probable Mineral Reserve of 250,000 gold ounces for the SJG Mine [19][20]. - Proven & Probable Mineral Reserves were estimated at 1,607 k tonnes at 4.91 g/t gold, totaling 253,000 gold ounces [20]. Future Outlook - The company revised its 2025 annual production guidance to approximately 25,000 gold ounces, down from the previous estimate of 27,000-30,000 gold ounces [22]. - Continued focus on improving gold ore grades, throughput rates, and recoveries is expected, with San Pablo Sur, San Pablo, La Mochomera, and Tres Amigos ore bodies remaining primary contributors to production [23][24].