- DynaResource (DYNR, Financial) reported a significant improvement in profitability for Q1 2025 with revenue surging by 45% year-over-year to $13.7 million.
- Net income rebounded to $0.6 million from a $4.4 million loss in the same quarter the previous year.
- Despite a 17% drop in gold production, gold sales increased by 19% year-over-year to 5,609 ounces.
DynaResource, Inc. (OTCQX: DYNR) announced its financial and operational results for the first quarter of 2025, highlighting a robust fiscal performance at its San Jose de Gracia mine in Mexico. The company recorded a 45% year-over-year increase in revenue, amounting to $13.7 million, alongside a net income of $0.6 million, a notable recovery from a $4.4 million loss in Q1 2024. Operating expenses saw a significant reduction, decreasing by 12% compared to the previous year.
Gold production for the quarter was 5,781 ounces, a decline of 17% from the same period in 2024. However, gold sales climbed 19% year-over-year to 5,609 ounces, showcasing the company’s successful sales strategy. Operational enhancements were a key focus, with the daily mill throughput increasing by 11% to 749 tons per day. Moreover, the discovery of three new mineralized veins offers promising new sources for high-grade ore extraction.
During the quarter, the completion of a Prefeasibility Study Technical Report laid the groundwork for a maiden Mineral Reserve and a new Resource estimate. Metallurgical tests revealed exceptional total gold recoveries exceeding 95%, utilizing a combination of gravity and flotation methods. Consequently, DynaResource plans to install new Falcon gravity concentrators in Q2 2025 to enhance recovery rates further.
The company continues to optimize operations at the San Jose de Gracia mine, with ongoing efforts to improve operational efficiencies and profit margins. DynaResource's strategic initiatives and resource discoveries position it well for continued growth and profitability in the coming quarters.
