Dynaresource, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 22, 2019 at 05:30 pm EST
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DynaResource, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 3.417 million compared to USD 3.800 million a year ago. Operating loss was USD 405,946 compared to USD 514,112 a year ago. Net loss was USD 697,327 compared to USD 107,801 a year ago. Basic loss per share was USD 0.04 compared to USD 0.01 a year ago. For the nine months, sales was USD 9.160 million compared to USD 10.146 million a year ago. Operating loss was USD 2.395 million compared to USD 2.656 million a year ago. Net loss was USD 1.969 million compared to USD 417,868 a year ago. Basic loss per share was USD 0.12 compared to USD 0.03 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. 
