Dynaresource, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 19, 2020 at 04:05 pm EST
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DynaResource, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 4.830 million compared to USD 3.417 million a year ago. Operating income was USD 1.493 million compared to operating loss of USD 405,946 a year ago. Net loss was USD 1.408 million compared to USD 697,327 a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.04 a year ago. For the nine months, sales was USD 5.245 million compared to USD 9.160 million a year ago. Operating loss was USD 2.323 million compared to USD 2.395 million a year ago. Net loss was USD 6.602 million compared to USD 1.969 million a year ago. Basic loss per share from continuing operations was USD 0.38 compared to USD 0.12 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. 
