DynaResource, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 29, 2022 at 04:41 pm EDT
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DynaResource, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 10.1 million compared to USD 10.53 million a year ago. Net income was USD 0.521021 million compared to USD 4.46 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.25 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.24 a year ago.
For the six months, sales was USD 20.59 million compared to USD 15.44 million a year ago. Net income was USD 5.58 million compared to USD 4.75 million a year ago. Basic earnings per share from continuing operations was USD 0.3 compared to USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.3 compared to USD 0.25 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.