DynaResource Reports Q3 2025 Results for the San Jose de Gracia Mine

Core Viewpoint - DynaResource reported its Q3 2025 results for the San Jose de Gracia Mine, highlighting challenges but also progress in operational and financial metrics, with expectations for improved efficiency and recoveries due to new installations [1][3]. Quarterly Results - Revenue for Q3 2025 was $14.1 million, a 26% increase from $11.2 million in Q3 2024, but a decrease of 11% from $15.9 million in Q2 2025 [6]. - Net income was $1.3 million, compared to a net loss of $0.9 million in Q3 2024, aligning with net income of $0.5 million in the previous quarter [6]. - Gold production totaled 4,830 ounces, down from 5,676 ounces in Q3 2024 and 5,701 ounces in Q2 2025 [6][13]. - Milled throughput was 62,741 tons, slightly up from 61,900 tons in Q3 2024 but down from 66,834 tons in Q2 2025 [7][12]. Operational Performance - The optimization program at the SJG mine focused on increasing throughput and recoveries, improving maintenance, and enhancing operational efficiencies [9]. - Average underground development was 1,264 meters per month in Q3 2025, significantly higher than 383 meters per month in Q3 2024 [10]. - The installation of three new Falcon gravity concentrators aimed to boost gold recoveries and improve operational efficiency [11][23]. Development Activities - The company completed 3,013 meters of mine development in Q3 2025, allowing access to over 20 production stopes [14]. - New mineralized veins were discovered at the Tres Amigos and La Mochomera mines, which are being developed as potential high-grade ore sources [10][16]. - The company revised its 2025 annual production guidance to approximately 21,000 gold ounces, down from the previously adjusted guidance of 25,000 ounces due to grade challenges [20][21]. Future Outlook - Management remains confident in the ongoing progress and long-term performance of the SJG mine, focusing on improving production and grade through operational enhancements [20][22]. - The San Pablo Sur, San Pablo, La Mochomera, and Tres Amigos ore bodies are expected to be the main contributors to production in the upcoming year [22].