Dynaresource Inc (PK:DYNR)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | STE 744 EAST TOWER 222 W. LAS COLINAS BLVD IRVING TX 75039 |
| Tel: | N/A |
| Website: | https://www.dynaresource.com |
| IR: | See website |
| Key People | ||
| Koy W. Diepholz Chairman of the Board, President, Chief Executive Officer, Chief Financial Officer, Treasurer | Jose Vargas Lugo Director of Operations - Mexico, President - Mexico, Executive Vice President | Bradford J. Saulter Vice President - Investor Relations | Praxedis Martinez Senior Consultant '�� Plant Operations |
| Business Overview |
| DynaResource, Inc. is 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 owns 80% interest in DynaResource de Mexico S.A. de C.V. (DynaMexico). DynaMexico owns 100% of the mining concessions, equipment, camp and related facilities, which comprise the San Jose de Gracia Property (SJG), in northern Sinaloa State, Mexico. The Company also own 100% of Mineras de DynaResource S.A. de C.V. (DynaMineras). The Company conducts test mining and pilot milling operations, and other exploration activities in Mexico. The end use product produced at its test mining and pilot milling operations at SJG is in the form of gold-silver concentrates. The San Jose de Gracia mining project (SJG Project) is located on map sheet G13-A81 in the Culiacan mining district of Sinaloa State, Mexico. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Dynaresource Inc revenues decreased 11% to $35.6M. Net loss applicable to common stockholders totaled $14.8M vs. income of $6.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects General and Administrative increase from $4.1M to $8.6M (expense), Mine Exploration Costs increase of 46% to $8.3M (expense). |
| Employees: | 200 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $52.70M as of Dec 31, 2023 |
| Annual revenue (TTM): | $35.57M as of Dec 31, 2023 |
| EBITDA (TTM): | -$15.22M as of Dec 31, 2023 |
| Net annual income (TTM): | -$14.77M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$17.68M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $6.41M as of Dec 31, 2023 |
| Shares outstanding: | 23,371,708 as of Apr 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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