DynaResource, Inc. reported its financial results for the second quarter and first half of 2026, revealing a net income of $630,350 for the three months ending June 30, 2026, compared to $504,022 for the same period in 2025. For the six months ended June 30, 2026, the company achieved a net income of $3,164,495, significantly higher than the $1,105,398 reported in the prior year. Revenue for the second quarter was $11,436,532, down from $15,886,286 in the previous year, while total revenue for the first half of 2026 was $29,484,231, slightly lower than $29,582,687 in 2025. The decrease in revenue was attributed to a lower average gold feed grade of 2.45 grams per tonne compared to 3.63 grams per tonne in the prior year, despite higher realized gold prices.
The company’s operational metrics showed a decline in tonnage processed, with 65,656 tonnes in Q2 2026 compared to 74,002 tonnes in Q2 2025. General and administrative expenses also decreased to $1,448,781 from $1,794,294 year-over-year, reflecting cost-cutting measures. DynaResource's depreciation and depletion expenses rose to $469,304 in Q2 2026 from $245,971 in Q2 2025, following the transition to a Production Stage issuer under SEC regulations. The company reported a total comprehensive income of $347,712 for Q2 2026, down from $1,509,636 in Q2 2025.
In terms of strategic developments, DynaResource has focused on optimizing its operations at the San José de Gracia (SJG) mine in Mexico. The company has terminated one of its underground mining contractors due to performance issues and is working with the remaining contractor to enhance production efficiency. The company aims to increase its processing capacity to between 750 to 800 tons per day, with an average of 754 tons per day achieved in Q2 2026. Additionally, the installation of new gravity concentrators is expected to improve gold recovery rates.
As of June 30, 2026, DynaResource reported total assets of $61,745,657, an increase from $57,596,586 at the end of 2025. However, the company also reported negative working capital of $38,360,011, reflecting current liabilities of $44,923,502 against current assets of $6,563,491. The company’s cash position decreased to $1,767,144 from $4,171,891 at the end of 2025. DynaResource is currently evaluating additional financing options to support its operations and capital expenditures, which may include raising capital through equity or debt financing.
Looking ahead, DynaResource plans to continue enhancing its processing capabilities and expanding exploration efforts at the SJG mine. The company has identified several high-grade targets for exploration and aims to increase production in the latter half of 2026. The successful transition to a new mining contractor and ongoing operational improvements will be critical to achieving these goals. The company is also preparing for a non-brokered private placement financing to raise up to $6.4 million, which will be used for general corporate purposes and to address debt service obligations.
About DYNARESOURCE INC
DynaResource, Inc. is a minerals exploration and management company operating the San Jose de Gracia gold mine in Mexico. It focuses on gold and silver exploration, site-based processing, and infrastructure development. The company produces gold-silver concentrate for sale, leveraging underground mining and conventional processing methods. Its core value lies in resource expansion, operational optimization, and responsible community engagement in the precious metals market.
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