Start here if you're new
what it is
It mines gold in northern Sinaloa and keeps developing the San Jose de Gracia project.
how it gets paid
Last year Dynaresource made $47M in revenue. Gold production was the main engine at $32M, or 68% of sales.
growth snapshot
Revenue was roughly flat last year at $47M. The $44M quarter matters most. It is almost the whole year's revenue packed into one quarter.
what just happened
Revenue hit $44M and gross margin stayed at 25.7%.
At a glance
C+ balance sheet — struggling to keep the lights on
20/100 earnings predictability — expect surprises
18.1x trailing p/e — priced about right
35.1% return on capital — every dollar works hard here
-$0.34 fy2024 eps est
xvary composite: 28/100 — weak
What they do
It mines gold in northern Sinaloa and keeps developing the San Jose de Gracia project.
You do not own a spread-out miner here. You own one project, and DynaResource says 100% of its Mexican operating chain sits under one subsidiary. That concentration is ugly, but it also makes the story easy to read: 225 employees, one main asset, and $47M of annual revenue.
How they make money
$47M
annual revenue · their business grew +0.0% last year
Gold production
$32M
Milling and processing
$6M
Exploration
$4M
Project development
$3M
Other mining income
$2M
The products that matter
gold production and milling
San Jose de Gracia Mine
$47M · 100% of revenue
it generated all $47M of company revenue last year. in human-speak: if this mine stumbles, the whole company stumbles with it.
only revenue source
district exploration upside
San Jose district exploration
growth path not quantified here
management's expansion argument is more drilling around the same district, but this snapshot does not include reserve or project-level expansion numbers. Thin data is part of the risk, not a missing footnote.
future, not current cash flow
Key numbers
$47M
annual revenue
That is the whole top line. It is smaller than a lot of corporate accidents.
$44M
latest quarter
One quarter delivered almost the whole year. That tells you the business is lumpy.
14.9%
operating margin
The company loses about 15 cents on each sales dollar after operating costs.
$16M
long-term debt
Debt equals 27% of capital. That matters when sales stay flat.
Financial health
C+
strength
- balance sheet grade C+ — weak — may struggle to fund operations
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
- long-term debt $16M (27% of capital)
- net profit margin 100.0% — keeps 100 cents of every dollar in revenue
C+ — net profit margin looks solid but balance sheet grade needs watching.
Total return vs. market
Return history isn't available for DYNR right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $44M and gross margin stayed at 25.7%.
Revenue jumped 210% vs. prior year, and EPS reached $0.10. The catch is annual revenue was still only $47M, so the base is tiny.
$44M
revenue
$0.10
eps
25.7%
gross margin
the number that mattered
The $44M quarter matters most. It is almost the whole year's revenue packed into one quarter.
source: company earnings report, 2025
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What could go wrong
the core risk is San Jose de Gracia failing to run consistently. dynaresource already had to reset production expectations, and there is no second mine to smooth out the damage.
med
Single-asset dependency
100% of revenue comes from one mine. If geology, permitting, labor, processing, or local disruption hits that asset, you do not have a second operation carrying the quarter.
Impact: this risk reaches the full $47M revenue base.
med
Guidance credibility
The company released preliminary 2025 results on 2026-01-15 and cut 2025 production guidance on 2026-01-16. Markets forgive bad numbers faster than they forgive numbers they cannot trust.
Impact: even if gold prices help, a credibility discount can keep the stock cheap.
med
Leadership transition
Rohan Hazelton was appointed president and CEO in 2026. A new leader can reset discipline. A new leader can also discover that the operating issues run deeper than the market first assumed.
Impact: your thesis depends on execution before it depends on expansion.
med
Balance sheet pressure
A C+ balance sheet and $16M of long-term debt do not leave much room for repeated operating misses. Small miners usually solve stress with dilution, debt, or both.
Impact: if mine performance stays weak, financing risk moves from background issue to headline issue.
You are taking single-mine risk, management risk, and funding risk in the same position. The stock is small at $41M. The exposure is not.
source: institutional data · regulatory filings · risk analysis
Pay attention to
credibility test
The first full report after the January reset
You want the final numbers to line up with the preliminary release and the revised guidance. Another surprise would tell you the operating picture is still moving under management's feet.
calendar
2025 full earnings release
The company pointed investors to fuller detail after the preliminary update. That filing is where you look for reconciliation, not the headline.
trend
Whether 2026 output stabilizes
The revised production outlook is the new baseline. Hitting it is not upside. It is the minimum needed to argue operations are back under control.
metric
Debt and liquidity alongside mine performance
$16M of long-term debt does not look fatal on its own. It gets louder if production misses keep forcing weaker cash generation.
Analyst rankings
earnings predictability
20 / 100
in human-speak, analysts do not trust the quarter-to-quarter pattern here. expect revisions, operational noise, and a wider range of outcomes than the headline multiple suggests.
risk profile
5 / 100 price stability
price stability measures how choppy the stock has been. 5 / 100 means this trades like a small mine, not like a steady compounding business.
source: institutional data
Institutional activity
institutional ownership data for DYNR is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$1
current price
n/a
target midpoint · n/a from current
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