DynaResource, Inc.

DynaResource’s fiscal year 2025 results mark a decisive inflection point: the Company achieved $3.8 million in net income after a $8.5 million loss in 2024, with revenue up 26% to $58.5 million and gross profit turning strongly positive ($17.3 million vs. a $1.4 million loss in 2024). This turnaround was underpinned by a $12.1 million adjusted EBITDA — a dramatic improvement from negative $1.3 million in 2024 — and reflects sustained execution of the SJG mine optimization program. Key drivers included higher milled throughput (262,224 tons, +257,676 tons YoY), improved mill reliability (96% ball mill availability in Q4), and the successful commissioning of three Falcon gravity concentrators, which lifted Q4 gold recovery to 75.69% and enabled recovery of ~30% of gold into a high-payability concentrate (~300 g/t Au). Although full-year gold production (21,393 oz) declined from 2024 levels, management attributes this to lower average feed grade (3.46 g/t vs. 4.07 g/t), not operational failure — and notes that newly discovered high-grade veins (Victoria, 532, Palos Chinos) are already contributing ore and expanding the mineable inventory. Management explicitly links financial momentum to both cost discipline and higher gold prices, and outlines a clear 2026 target: increasing processing capacity to 750–800 tpd while continuing to improve grade and recovery. The earnings release also confirms ongoing capital initiatives — including tailings dam expansion and ventilation upgrades — reinforcing confidence in long-term operational scalability and safety.