DynaResource Stock

DynaResource, Inc. (DynaUSA) operates as a minerals investment, management, and exploration company.

The company is conducting test mining and pilot milling operations through an operating subsidiary in Mexico, with specific focus on precious and base metals in Mexico. The company engages in gold mining and milling operation.

DynaUSA owns 80% of the outstanding shares of DynaResource de Mexico S.A. de C.V. (DynaMéxico), 79% owned directly and 1% hold by the current CEO on behalf of the c ompany compliance with Mexican law and DynaMexico holds 20% of the shares of DynaMexico as treasury shares after complete foreclosure and recovery of those share on February 20, 2020 from goldgroup Resources, Inc., a wholly owned subsidiary of Goldgroup Mining Inc. Vancouver, BC (Goldgroup). DynaMexico owns 100% of the mining concessions, equipment, camp and related facilities, which comprise the San Jose de Gracía Property (SJG), in northern Sinaloa State, Mexico. The company also owns 100% of Mineras de DynaResource S.A. de C.V. (DynaMineras). The company also has another wholly owned subsidiary, DynaResource Operaciones, S.A. de C.V. (DynaOperaciones). The company conducts test mining and pilot milling operations, and other exploration activities in México.

The end use product produced at the company's test mining and pilot milling operations at SJG is in the form of gold-silver concentrates. Concentrates processed and produced from San Jose de Gracía are shipped to third-party smelters, refineries or third parties for further processing or re-sale. During 2022, the company reported the delivery and sale of 25,554 (subject to final settlements) net Oz gold-silver contained in concentrates. All gold-silver concentrate originated from the San Jose de Gracía Property in México.

Customers

The company sells its concentrates to the buyer who offers the best terms based upon price, treatment costs, refining costs, and other terms of payment. During the year ended December 31, 2022, the company sold gold-silver concentrates to one purchaser pursuant to a Revolving Credit Line Facility and Commercial Offtake Agreement (the RCL).

Regulations

The primary laws and regulations used by the state of Sinaloa, where the company's San Jose de Gracía property is located, in order to govern environmental protection for mining and exploration are: The General Law, the 2020 Forestry Law, Residues Law, as well as their specific regulations on air, water and residues, and the Mexican official norms (known as NOM-120).

History

The company was founded in 1937. It was incorporated in the state of California in 1937 under the name West Coast Mines, Inc. In 1998, the company re-domiciled from California to Delaware and changed its name to DynaResource, Inc.