DynaResource Inc. reports developments tied to its role as a junior gold mining producer on the OTCQX under the symbol DYNR. Company updates center on mining and expansion activity at the historic San Jose de Gracia gold mining district in Sinaloa, Mexico, including quarterly and annual operating results, gold production, gold sales, mill throughput, costs and cash flow from mining operations.
Recurring news also covers process-plant improvements such as the gravity gold recovery circuit, financing activity, credit and offtake arrangements, balance-sheet actions, annual meeting results and governance changes. These updates connect the company's capital structure and operating plans to the San Jose de Gracia mine and its Mexican subsidiary.
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.
DynaResource, Inc. (OTCQB:DYNR) announced the filing of a $48M USD Recognition Claim against Goldgroup Resources Inc. in Dallas County, Texas. This claim stems from a favorable December 2019 ruling by a Mexican court, confirming a damages award of $48,280,808.34 in favor of DynaMéxico against Goldgroup. The ruling concludes seven years of litigation, allowing DynaMéxico to pursue recovery. DynaResource aims to enhance operations at its San Jose de Gracía gold project and intends to increase output significantly in 2020.