en.Wedoany.com Reported - DynaResource, Inc. has released its first quarter 2026 (ending March 31) results for the San José de Gracia (SJG) mine in Mexico, marking the sixth consecutive quarter of positive adjusted EBITDA, with significant growth in revenue, net income, and adjusted EBITDA.

Gold production for the first quarter was 4,840 ounces, down from 5,781 ounces in the same period last year, primarily due to a decrease in head grade from 3.63 g/t to 2.90 g/t. Gold recovery remained unchanged at 74%, with the newly added Falcon gravity concentrator circuit recovering approximately 30% of the gold, producing a gold concentrate averaging 300 g/t. The mill processed 69,816 tonnes of ore (approximately 767 tonnes per day), reaching the lower end of the 2026 target range (750 to 800 tonnes per day), with mill availability at 91%.

Mine development advanced 3,219 meters, an increase from 3,172 meters in the fourth quarter of 2025, sustaining production from over 20 stopes. Two new veins, Victoria and Alexa, were discovered at the Tres Amigos deposit, with approximately 45,000 tonnes of high-grade ore already extracted; this area contributed 37% of the mill feed. La Mochomera contributed 48%, while San Pablo and San Pablo Sur contributed 15%. The newly discovered "532 Vein" at the Mochomera mine has begun producing gold, with considerable high-grade potential at depth. Due to unfavorable geological conditions, the originally planned raise-bore ventilation shaft was relocated to Palo Chinos, where it will be combined with approximately 100 meters of ramp development and provide a platform for exploration.

The company's priorities for 2026 are to improve mill feed grade, throughput, and recovery, primarily relying on the San Pablo Sur, San Pablo, La Mochomera, Palos Chinos, and Tres Amigos ore bodies. The Phase 3 tailings storage facility has been commissioned, planning for Phase 4 is underway, and site selection for a third tailings facility has commenced (including environmental and geotechnical studies). The company generated positive cash flow from operating activities during the period, but expenditures on investing activities (underground development and mine expansion) resulted in a net decrease in cash. Future capital requirements will depend on the pace of mining, processing, and exploration acceleration, and may require supplemental funding through equity or debt financing.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com