DynaResource Reports Q1 2026 Results at the San Jose de Gracia Mine

DynaResource delivered robust Q1 2026 financial results from its San Jose de Gracia gold mine in Mexico's Sierra Madre Occidental belt, demonstrating the effectiveness of ongoing operational optimization initiatives. The company reported revenue of $18.0 million, representing a 31% increase from Q1 2025 and a 22% sequential improvement from Q4 2025. Net income surged to $2.5 million, up significantly from $0.6 million in the prior year quarter, while adjusted EBITDA reached $6.0 million, marking the sixth consecutive quarter of positive performance and representing a 161% year-over-year increase.

Operational metrics showed mixed results during the quarter, with gold production declining to 4,840 ounces from 5,781 ounces in Q1 2025, primarily due to lower head grades of 2.90 g/t compared to 3.63 g/t in the prior year. However, the company achieved meaningful improvements in processing efficiency, with milled throughput increasing to 69,816 tons and daily mill capacity reaching 767 tonnes per day, up from 740 tons per day in Q1 2025. The newly installed gravity recovery circuit performed as designed, recovering approximately 30% of gold in concentrate averaging 300 g/t gold.

The operational optimization program continues to yield positive results across multiple areas of the business. Mine development remained on budget with 3,219 meters completed during the quarter, enabling the company to maintain over 20 stopes in production and providing enhanced mining flexibility. Significant infrastructure improvements included connecting the Mochomera and San Pablo Sur mines and upgrading ventilation systems, which improved working conditions and reduced re-entry times following blasting activities.

Looking forward, DynaResource appears well-positioned for continued operational and financial improvement. The company is targeting processing rates between 750-800 tonnes per day for 2026 and evaluating strategies to utilize additional processing capacity of approximately 50 wet tons per day. Underground development progress is expected to positively impact ore tonnage and grades throughout 2026, while exploration activities at Tres Amigos have identified new high-grade mineralized structures that extend the mine's productive life beyond original planning assumptions. The combination of improved operational efficiency, enhanced infrastructure, and ongoing development work positions the San Jose de Gracia operation for sustained performance improvements and value creation.