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DynaResource Inc. filings document regulatory disclosures for a junior gold mining producer focused on the San Jose de Gracia mine in Sinaloa, Mexico. Recent 8-K filings record material agreements, unregistered equity sales, financing arrangements, operating-result press releases and updates connected to the company's gold mining operations and capital structure.
The filing record also includes governance and compensation disclosures, including director and officer matters, restricted stock unit grants, employment-agreement amendments and annual meeting results. Other filings document reporting matters such as a Form 12b-25 notification related to the company's annual report, alongside formal exhibits and press releases incorporated into current reports.
DynaResource, Inc. reported strong Q1 2026 operating and financial results from its San Jose de Gracia gold mine. Revenue reached $18.0 million, up 31% from $13.7 million in Q1 2025, while net income rose to $2.5 million from $0.6 million. Adjusted EBITDA was $6.0 million, a 161% increase from $2.3 million and the company has now delivered six consecutive quarters of positive adjusted EBITDA.
Operationally, the mine processed 69,816 tons of ore, modestly higher than a year earlier, with mill throughput averaging 767 tons per day. Gold production declined to 4,840 ounces from 5,781 ounces as head grade fell to 2.90 g/t from 3.63 g/t, though recoveries stayed around 74%. A new gravity recovery circuit is capturing about 30% of gold into a higher-payability concentrate, and ventilation and development projects are expanding mining flexibility across multiple deposits.
Management highlights that ongoing capital investments in development, ventilation and tailings facilities support longer-term growth, but also note that future capital needs may require additional equity or debt financing, which may not always be available on favorable terms.
DynaResource, Inc. reported sharply stronger results for the three months ended March 31, 2026, driven by higher gold sales from its San José de Gracia mine in Mexico. Revenue rose to $18.0 million from $13.7 million, and net income increased to $2.53 million from $0.60 million. Basic earnings per share were $0.08, with diluted earnings per share of $0.07.
Operating income nearly tripled to $5.23 million as the mine processed more ore at lower unit costs, though grades declined. Cash from operations was $2.04 million, while heavy mine development and equipment spending led to a net cash outflow and reduced cash to $2.49 million. The balance sheet improved to positive stockholders’ equity of $2.24 million, but the company still carried a working capital deficit of $33.38 million and total liabilities of $50.72 million.
Management disclosed that the large working capital deficit, accumulated deficit of $62.82 million, reliance on a $14.17 million credit facility, and need to raise additional capital raise substantial doubt about the company’s ability to continue as a going concern. Subsequent to quarter-end, DynaResource completed a $1.0 million private placement to help strengthen its balance sheet.
DynaResource, Inc. entered into privately negotiated stock purchase agreements with Ocean Partners on April 30, 2026, issuing 833,333 common shares at $1.20 per share for total proceeds of $1,000,000 in a non-brokered private placement exempt under Section 4(a)(2) of the Securities Act.
Golden Post waived certain preemptive and antidilution rights in connection with this financing. The company states it intends to use the cash to strengthen its balance sheet while focusing on mine grade, operational productivity, and recovery of Mexican IVA tax related to its wholly owned subsidiary operating the San Jose de Gracia gold project.
DynaResource reported a strong turnaround for the year ended December 31, 2025 at its San Jose de Gracia gold mine. Full-year revenue rose 26% to $58.5 million, while net income reached $3.8 million compared with a net loss of $8.5 million in 2024. Adjusted EBITDA improved to $12.1 million from negative $1.3 million, reflecting better costs, higher gold prices, and operational efficiencies.
In Q4 2025, revenue was $14.8 million with net income of $1.4 million and adjusted EBITDA of $4.7 million, marking a fifth consecutive profitable quarter on this basis. The mine produced 21,393 ounces of gold in 2025, supported by higher mill throughput, improved recoveries from new Falcon gravity concentrators, and development that opened more high-grade stopes.
DynaResource, Inc. files its annual report describing a transition to Production Stage status at the San Jose de Gracia mine after its first Technical Report Summary of mineral reserves, while also disclosing substantial risks and liquidity pressure.
In 2025 the company sold 20,848 ounces of gold contained in concentrate from the SJG mine and used hedging under its Offtake Agreement, which reduced reported results by about $3.7 million. As of December 31, 2025, cash was about $4.2 million against an accumulated deficit of $65.4 million and debt of roughly $15 million, leading auditors to raise substantial doubt about its ability to continue as a going concern.
DYNARESOURCE, INC. submitted a Form 12b-25 notifying the SEC that its Annual Report on Form 10-K for the period ended December 31, 2025 could not be filed on time because auditors require additional time to complete procedures related to the company’s transition from an exploration‑stage issuer to a production‑stage issuer. The company expects to file within the extension period provided by Rule 12b-25.
The company says operating results changed materially in 2025, anticipating $58 million in revenue for 2025 versus $48 million in 2024 and anticipating $3.8 million net income for 2025 versus a $8.1 million net loss in 2024; management cites significant judgment around identifying, evaluating, and capitalizing production‑stage costs.
DynaResource, Inc. has engaged experienced mining executive David Keough, through his firm Vulcan’s Forge Capital Pty. Ltd., to perform the functions of Chief Operating Officer. In connection with this role, the consultant received 450,000 restricted stock units vesting in three equal annual installments starting one year after the August 12, 2025 grant date.
Under a Consulting Agreement effective August 15, 2025, the consultant is paid a monthly fee of $20,000, with eligibility for an annual discretionary cash bonus of up to 50% of consulting fees billed in the prior year and potential additional equity awards. If terminated without cause, the consultant is entitled to nine months of consulting fees plus a prorated target bonus, and if terminated without cause or for good reason within 12 months after a change in control, 18 months of consulting fees and 18 months of bonus are payable.
DynaResource, Inc. updated employment terms for its top executives. On November 20, 2025, the company amended the agreement for President and CEO Rohan Hazelton and entered into a new offer of continued employment for CFO Alonso Sotomayor.
The CEO’s amendment cancels and authorizes re-issuance of his prior signing bonus securities in line with U.S. securities laws, removes the requirement that his annual bonus be fully paid in deferred share units, eliminates any entitlement to “Benefit Pay,” and increases his base salary by 10%. It also updates other terms to reflect his current residence in Florida.
The CFO’s new offer replaces his original agreement, removes any current entitlement to his signing bonus securities until they are approved by the Compensation Committee and Board, and changes the governing law of his employment from Texas to Ontario, Canada, with related jurisdictional updates.