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DynaResource, Inc. Reports Sept. 30, 2021, YTD Results of Operations and Gold Production at San Jose De Gracía
DynaResource, Inc. Reports Sept. 30, 2021, YTD Results of Operations and Gold Production at San Jose De Gracía.
About this update from Dynaresource, Inc.
[{"type":"text","content":"\n IRVING, Texas, Nov. 15, 2021 (GLOBE NEWSWIRE) -- OTCQB: DYNR-DynaResource, Inc. (\"DynaUSA\", and \"the Company\") is pleased to report the following Sept. 30, 2021, YTD Results of Operations and Gold Production at San Jose de Gracía (\"SJG\"), the Company's wholly-owned High Grade Gold Project located in Sinaloa, Mexico. The Company filed its Sept. 30, 2021, Form 10-Q, containing Unaudited Consolidated Financial Statements, on Nov. 4, 2021: YTD 2021 Results of Operations at Sept. 30, 2021: 2021 YTD Revenue: $25,906,083;2021 YTD Net Operating Income: $11,291,304;2021 YTD Earnings Per Share (Operating Basis): $0.64; YTD 2021 Gold Production at SJG: Tons Mined and Milled: 66,695Feed Grade: 9.48 g/t Au;Recovery: 89.45 %Gross Gold Concentrates Recovered: 18,141 oz. Net Gold Concentrates Sold: 16,036 oz. (Less, Buyers' Discount 5%; and Cost of Sales); Exclusive Operator at SJG DynaResource de Mexico, S.A. de C.V. (\"DynaMéxico\"), the 100% owned subsidiary of DynaUSA, is the exclusive operator of the SJG Property in northern Sinaloa, Mexico. Phase 1 Expansion of Mine and SJG Plant Facility Completed in April 2021 (Output exceeding 300 Tons per day) DynaMéxico completed Phase 1 Expansion activities at Tres Amigos Mine and at the SJG Plant Facility in April 2021, at which time the mined tonnage and feed tonnage processed to the SJG Plant Facility, exceeded 300 Tons per Day. Phase 2 Expansion of Mine and Plant Facility Projected to be Completed in January 2022 (Output expected to exceed 500 Tons per day) DynaMéxico continues ongoing Phase 2 Expansion activities at Tres Amigos Mine and SJG Plant facilities, including the manufacturing and installation of an additional 8' by 8' Ball Mill; which DynaMéxico expects to complete in January 2022. At the completion of the Phase 2 Expansion works, DynaMéxico expects the increase of mined tonnage and feed tonnage processed to exceed 500 Tons per Day. Commencement of Surface Drilling Program at SJG The Company is pleased to announce the commencement of an approximate 15,000 Meter (in total drilling depth) Surface Drilling Program at SJG, in November 2021. No surface drilling has been conducted at SJG since 2011. The Company expects the contemplated surface drilling program at SJG to accomplish the following targets:...