Dynaresource, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 19, 2020 at 05:19 pm EDT
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DynaResource, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced operating loss was USD 2.193 million compared to USD 57,257 a year ago. Net loss was USD 3.448 million compared to USD 4,153 a year ago. Basic loss per share from continuing operations was USD 0.2. For the half year, sales was USD 414,635 compared to USD 5.742 million a year ago. Operating loss was USD 3.817 million compared to USD 1.989 million a year ago. Net loss was USD 5.193 million compared to USD 1.271 million a year ago. Basic loss per share from continuing operations was USD 0.3 compared to USD 0.08 a year ago.
DynaResource, Inc. is a minerals investment, management, and exploration company. The Company is engaged in the business of acquiring, investing in, and developing precious metal properties, and the production of precious metals. The Company has one wholly owned subsidiary in the United States, DynaMexico US Holding, LLC (US Holding) and three wholly owned subsidiaries in Mexico, DynaResource de Mexico, S.A. de C.V. (DynaMexico), Mineras de DynaResource S.A. de C.V. (DynaMineras), and DynaResource Operaciones de San Jose De Gracia S.A. de C.V. (DynaOperaciones). DynaMexico owns a portfolio of mining concessions that comprises its 100% interest in the San Jose de Gracia Project (SJG) in northern Sinaloa State, Mexico. It conducts test mining and pilot milling operations, and other exploration activities of the SJG, in Mexico. The SJG Project is located on map sheet G13-A81 in the Culiacan mining district of Sinaloa State, Mexico.
DYNARESOURCE, INC. 
