Welcome to our dedicated page for Dynaresource news (Ticker: DYNR), a resource for investors and traders seeking the latest updates and insights on Dynaresource stock.
Dynaresource, Inc. (DYNR) maintains this dedicated news hub for stakeholders tracking its gold exploration initiatives and mining operations. As a historic operator in precious metals since 1937, the company focuses on strategic developments at its San Jose de Gracia property in Mexico alongside broader corporate updates.
This resource provides investors with timely operational milestones, including exploration progress, financial disclosures, and strategic partnerships. Users will find verified updates on resource estimates, infrastructure upgrades, and market positioning without speculative commentary.
Content spans quarterly earnings reports, acquisition announcements, technical breakthroughs in ore processing, and leadership updates. All materials adhere to factual reporting standards suitable for both institutional analysts and retail investors.
Bookmark this page for streamlined access to Dynaresource's evolving story in precious metals exploration. Check regularly for official updates that impact long-term operational strategy and resource development.
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.
DynaResource, Inc. (OTCQB:DYNR) announced that the U.S. Court of Appeals for the 10th Circuit has affirmed the August 2016 arbitration award in favor of Goldgroup Resources Inc. This includes a monetary award of $1.111 million, which was paid via a supersedeas bond, and the completion of non-monetary awards. DynaMéxico continues to pursue the recognition of a $48 million foreign judgment in the U.S. following a favorable legal ruling in Mexico. The company retains 100% ownership of the San Jose de Gracía gold project.
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