Tue, May 20, 8:45 PM (54 days ago)
**DynaResource, Inc. (DYNA) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $13.7 million (Q1 2025) vs. $9.4 million (Q1 2024), driven by higher tonnage and realized gold prices. - **Net Income:** $601,376 (Q1 2025) vs. a loss of $4.4 million (Q1 2024). - **Operating Income:** $1.8 million (Q1 2025) vs. a loss of $4.1 million (Q1 2024). - **Cash Flow from Operations:** $1.8 million (Q1 2025) vs. a use of $3.4 million (Q1 2024). - **Cash Used in Investing Activities:** $2.7 million (Q1 2025) vs. $Nil (Q1 2024), due to capitalized mine development costs. - **Cash Used in Financing Activities:** $1.0 million (Q1 2025) vs. $532,866 (Q1 2024). **Profit Margins:** - **Gross Margin:** Approximately 56% (Q1 2025) vs. 23% (Q1 2024). - **Operating Margin:** Approximately 13% (Q1 2025) vs. -43% (Q1 2024). **Key Operating Metrics:** - **Ore Mined:** 64,032 tons (Q1 2025) vs. 56,931 tons (Q1 2024). - **Gold Ounces Produced:** 5,781 oz (Q1 2025) vs. 6,994 oz (Q1 2024). - **Gold Ounces Sold:** 5,609 oz (Q1 2025) vs. 4,730 oz (Q1 2024). - **Average Gold Feed Grade:** 3.63 g/t (Q1 2025) vs. 4.46 g/t (Q1 2024). - **Gold Recovery Rate:** 73.80% (Q1 2025) vs. 79.25% (Q1 2024). **Trends & Uncertainties:** - Positive trends include increased revenue, improved operating income, and better cash flow from operations. - Uncertainties include fluctuations in gold prices, operational challenges, and the need for additional financing. **Future Operations Impact:** - The company plans to increase daily processing throughput to 800 tons and has processing capacity up to 1,000 tons per day. - Continued exploration drilling and expansion of mining areas are expected to yield higher-grade material. - The company aims to enhance operational efficiencies, profit margins, and mine life through ongoing optimization programs. **Quarterly Performance Discussion:** - Q1 2025 saw significant improvements in financial performance compared to Q1 2024, with increased revenue, operating income, and cash flow from operations. - The company's transition to a Production Stage issuer under S-K 1300 has led to changes in accounting treatment, including the capitalization of development expenditures and commencement of depreciation on applicable assets. - The company's liquidity and operations have been financed primarily through its operations and the revenue generated from the sale of product. However, additional financing may be required to meet future capital expenditure needs.