![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Dynaresource Inc (QX) | USOTC:DYNR | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.02 | 1.45% | 1.40 | 1.26 | 1.40 | 1.40 | 1.36 | 1.36 | 900 | 15:15:40 |
Large accelerated filer
|
☐
|
Accelerated filer
|
☐
|
Non-accelerated
filer
|
☐
(Do not check if a smaller reporting
company)
|
Smaller reporting company
|
☒
|
|
|
Emerging
growth company
|
☐
|
DynaMéxico Shareholder
|
Fixed CapitalSeries "A" Shares
|
Variable CapitalSeries "B" Shares
|
Total Capital Shares(Series A and B)
|
DynaResource,
Inc.
|
099
|
300
|
399
|
Koy
W. (“K.D.”) Diepholz
|
001
|
-
|
001
|
Goldgroup
Resources Inc.
|
-
|
100
|
100
|
|
|
|
|
Total
Capital Issued
|
100
|
400
|
500
|
Dore:
|
None.
|
Gold-Silver
Concentrates:
|
Mercuria
Commodities Trading S.A. de C.V.;
and
Trafigura Mexico
S.A de C.V.
|
Metal
|
2011
|
2012
|
2013
|
2014
|
2015
|
2016
|
2017
|
Gold
|
$
1,572.00
|
$
1,669.00
|
$
1,411.00
|
$
1,266.00
|
$
1,175.00
|
$
1,236.00
|
$
1,244.00
|
Silver
|
35.12
|
31.15
|
23.79
|
19.08
|
13.90
|
17.14
|
17.77
|
Copper
|
4.00
|
3.61
|
3.32
|
3.11
|
2.09
|
2.54
|
2.80
|
Claim Name
|
ClaimNumber
|
Staking date
|
Expiry
|
Hectares
|
Taxes / ha (pesos)
|
AMPL.
SAN NICOLAS
|
183815
|
22/11/1988
|
21/11/2038
|
17.4234
|
111.27
|
AMPL.
SANTA ROSA
|
163592
|
30/10/1978
|
29/10/2028
|
25.0000
|
111.27
|
BUENA
VISTA
|
211087
|
31/03/2000
|
30/03/2050
|
17.9829
|
63.22
|
EL
CASTILLO
|
214519
|
02/10/2001
|
01/10/2051
|
100.0000
|
31.62
|
EL REAL
2
|
216301
|
30/04/2002
|
29/04/2052
|
280.1555
|
31.62
|
FINISTERRE
FRACC. A
|
219001
|
28/01/2003
|
27/01/2053
|
18.7856
|
31.62
|
FINISTERRE
FRACC. B
|
219002
|
28/01/2003
|
27/01/2053
|
174.2004
|
31.62
|
GUADALUPE
|
189470
|
05/12/1990
|
04/12/2040
|
7.0000
|
111.27
|
LA
GRACIA I
|
215958
|
02/04/2002
|
01/04/2052
|
300.0000
|
31.62
|
LA
GRACIA II
|
215959
|
02/04/2002
|
01/04/2052
|
230.0000
|
31.62
|
LA
LIBERTAD
|
172433
|
15/12/1983
|
14/12/2033
|
97.0000
|
111.27
|
LA
NUEVA AURORA
|
215119
|
08/02/2002
|
07/02/2052
|
89.3021
|
31.62
|
LA
NUEVA ESPERANZA
|
226289
|
06/12/2005
|
05/12/2055
|
40.0000
|
7.6
|
LA
UNION
|
176214
|
26/08/1985
|
25/08/2035
|
4.1098
|
111.27
|
LOS
TRES AMIGOS
|
172216
|
27/10/1983
|
26/10/2033
|
23.0000
|
111.27
|
MINA
GRANDE
|
163578
|
10/10/1978
|
09/10/2028
|
6.6588
|
111.27
|
NUEVO
ROSARIO
|
184999
|
13/12/1989
|
12/12/2039
|
32.8781
|
111.27
|
PIEDRAS
DE LUMBRE 2
|
215556
|
05/03/2002
|
04/03/2052
|
34.8493
|
31.62
|
PIEDRAS
DE LUMBRE 3
|
218992
|
28/01/2003
|
27/01/2053
|
4.3098
|
31.62
|
PIEDRAS
DE LUMBRE No.4
|
212349
|
29/09/2000
|
28/09/2050
|
0.2034
|
63.22
|
PIEDRAS
DE LUMBRE UNO
|
215555
|
05/03/2002
|
04/03/2052
|
40.2754
|
31.62
|
SAN
ANDRES
|
212143
|
31/08/2000
|
30/08/2050
|
385.0990
|
63.22
|
SAN
JOSÉ
|
208537
|
24/11/1998
|
23/11/2048
|
27.0000
|
111.27
|
SAN
MIGUEL
(1)
|
183504
|
26/10/1988
|
25/10/2038
|
7.0000
|
111.27
|
SAN
NICOLAS
|
163913
|
14/12/1978
|
13/12/2028
|
55.5490
|
111.27
|
SAN
SEBASTIAN
|
184473
|
08/11/1989
|
07/11/2039
|
40.0000
|
111.27
|
SANTA
MARIA
|
218769
|
17/01/2003
|
16/01/2053
|
4.2030
|
31.62
|
SANTA
ROSA
|
170557
|
13/05/1982
|
12/05/2032
|
31.4887
|
111.27
|
SANTO
TOMAS
|
187348
|
13/08/1986
|
12/08/2036
|
312.0000
|
111.27
|
TRES
AMIGOS 2
|
212142
|
31/08/2000
|
30/08/2050
|
54.4672
|
63.22
|
FINISTERRE
4
|
231166
|
18/01/2008
|
17/01/2058
|
2142.1302
|
5.08
|
FRANCISCO
ARTURO
|
230494
|
06/09/2007
|
27/03/2057
|
62,481.3815
|
5.08
|
TOTAL
|
|
|
|
69,121.4010
|
|
Mined
and Milled Tonnage
|
42,000
tonnes
|
Production (Oz
Au)
|
18,250
Oz
|
Average
Grade
|
15-20
g/t
|
Recovery Efficiency
(Plant)
|
85%
|
Recovery in
Concentrate (Sales)
|
90%
|
Production Cost
(Average, 4 Years)
|
$175 /
Oz
|
Drill
hole
|
Area
|
From m
|
To m
|
length (m)
|
Au g/t
|
Ag g/t
|
Cu%
|
Pb%
|
Zn%
|
97-013
|
Tres Amigos
|
95.00
|
107.50
|
12.50
|
20.80
|
21.80
|
0.43
|
0.06
|
0.15
|
97-039
|
Tres Amigos
|
40.20
|
43.20
|
3.00
|
29.50
|
44.60
|
0.58
|
0.95
|
7.45
|
97-045
|
Tres Amigos
|
100.00
|
106.00
|
6.00
|
11.46
|
3.40
|
0.03
|
0.02
|
0.17
|
97-047
|
Tres Amigos
|
124.94
|
132.00
|
7.06
|
7.51
|
15.40
|
0.09
|
0.27
|
3.42
|
08-115
|
Tres Amigos
|
153.30
|
159.00
|
5.70
|
8.31
|
8.30
|
0.17
|
0.00
|
0.07
|
08-116
|
Tres Amigos
|
134.80
|
138.10
|
3.30
|
21.74
|
9.90
|
0.06
|
0.04
|
0.15
|
10-150
|
Tres Amigos
|
285.61
|
288.49
|
2.88
|
10.93
|
14.24
|
0.32
|
0.01
|
0.03
|
10-150
|
Tres Amigos
|
312.80
|
321.81
|
9.01
|
3.97
|
2.35
|
0.09
|
0.00
|
0.03
|
10-151
|
Tres Amigos
|
208.38
|
216.20
|
7.82
|
22.19
|
14.70
|
0.36
|
0.01
|
0.06
|
10-154
|
Tres Amigos
|
73.00
|
74.75
|
1.75
|
21.89
|
9.30
|
0.00
|
0.00
|
0.02
|
10-175
|
Tres Amigos
|
241.59
|
245.40
|
3.81
|
6.37
|
3.41
|
0.02
|
0.00
|
0.03
|
10-177
|
Tres Amigos
|
228.63
|
245.00
|
16.37
|
10.58
|
9.75
|
0.25
|
0.02
|
0.09
|
10-179
|
Tres Amigos
|
75.3
|
77.02
|
1.72
|
105.51
|
49.60
|
0.03
|
0.01
|
0.06
|
10-179
|
Tres Amigos
|
174.85
|
179.52
|
4.67
|
5.70
|
15.89
|
0.11
|
0.00
|
0.16
|
10-226
|
Tres Amigos
|
205.05
|
213.09
|
8.04
|
18.47
|
19.77
|
0.42
|
0.13
|
0.22
|
10-227
|
Tres Amigos
|
176.95
|
186.75
|
9.80
|
8.42
|
11.92
|
0.41
|
0.04
|
0.33
|
10-230
|
Tres Amigos
|
244.91
|
249.45
|
4.54
|
18.09
|
15.48
|
0.53
|
0.02
|
0.03
|
10-234
|
Tres Amigos
|
214.61
|
217.97
|
3.36
|
15.05
|
13.45
|
0.23
|
0.01
|
0.01
|
10-237
|
Tres Amigos
|
92.44
|
92.84
|
0.40
|
883.91
|
195.00
|
0.24
|
0.77
|
5.35
|
11-257
|
Tres Amigos
|
60.84
|
63.33
|
2.49
|
5.37
|
9.28
|
0.25
|
0.01
|
0.40
|
11-257
|
Tres Amigos
|
92.00
|
94.66
|
2.66
|
5.00
|
6.74
|
0.25
|
0.02
|
1.16
|
11-260
|
Tres Amigos
|
63.40
|
71.15
|
7.75
|
7.84
|
10.68
|
0.16
|
0.12
|
2.28
|
11-271
|
Tres Amigos
|
115.40
|
120.15
|
4.75
|
13.93
|
18.56
|
0.54
|
0.02
|
0.14
|
Drill
hole
|
Area
|
From m
|
To m
|
length (m)
|
Au g/t
|
Ag g/t
|
Cu%
|
Pb%
|
Zn%
|
07-012
|
San Pablo
|
19.70
|
23.90
|
4.20
|
10.45
|
10.00
|
0.15
|
0.00
|
0.01
|
07-026
|
San Pablo
|
65.90
|
67.80
|
1.90
|
34.00
|
18.70
|
0.21
|
0.01
|
0.05
|
07-027
|
San Pablo
|
142.80
|
148.85
|
6.05
|
13.72
|
28.60
|
1.06
|
0.02
|
0.04
|
07-031
|
San Pablo
|
94.25
|
98.05
|
3.80
|
31.32
|
69.60
|
1.01
|
0.23
|
0.74
|
08-051
|
San Pablo
|
183.55
|
192.60
|
9.05
|
22.95
|
13.60
|
0.40
|
0.00
|
0.03
|
08-090
|
San Pablo
|
190.70
|
191.90
|
1.20
|
11.55
|
48.50
|
1.00
|
0.02
|
0.02
|
08-092
|
San Pablo
|
124.80
|
125.80
|
1.00
|
23.31
|
0.50
|
0.00
|
0.01
|
0.00
|
08-097
|
San Pablo
|
227.69
|
229.75
|
2.06
|
17.04
|
20.00
|
0.56
|
0.03
|
0.04
|
09-133
|
San Pablo
|
126.80
|
129.80
|
3.00
|
13.10
|
10.25
|
0.32
|
0.00
|
0.02
|
09-138
|
San Pablo
|
150.62
|
153.59
|
2.97
|
8.80
|
10.46
|
0.28
|
0.00
|
0.02
|
09-139
|
San Pablo
|
132.18
|
137.68
|
5.50
|
20.51
|
25.82
|
0.70
|
0.00
|
0.01
|
10-197
|
San Pablo
|
48.15
|
51.82
|
3.67
|
7.96
|
13.18
|
0.49
|
0.00
|
0.03
|
10-203
|
San Pablo
|
70.65
|
76.15
|
5.50
|
332.86
|
143.90
|
0.02
|
0.00
|
0.01
|
10-207
|
San Pablo
|
80.15
|
83.20
|
3.05
|
16.74
|
24.17
|
0.54
|
0.01
|
0.02
|
10-215
|
San Pablo
|
186.80
|
190.27
|
3.47
|
15.82
|
14.68
|
0.41
|
0.03
|
0.02
|
10-221
|
San Pablo
|
69.98
|
71.98
|
2.00
|
13.14
|
23.93
|
0.62
|
0.00
|
0.01
|
10-224
|
San Pablo
|
122.82
|
125.05
|
2.23
|
5.29
|
18.70
|
0.69
|
0.02
|
0.04
|
10-224
|
San Pablo
|
148.60
|
154.95
|
6.35
|
7.04
|
13.31
|
0.57
|
0.00
|
0.01
|
10-236
|
San Pablo
|
112.96
|
117.03
|
4.07
|
11.38
|
22.92
|
0.68
|
0.00
|
0.01
|
11-249
|
San Pablo
|
108.20
|
109.93
|
1.73
|
8.21
|
30.29
|
0.80
|
0.00
|
0.02
|
11-250
|
San Pablo
|
101.72
|
104.81
|
3.09
|
20.15
|
53.44
|
0.88
|
0.24
|
0.54
|
11-268
|
San Pablo
|
92.65
|
94.25
|
1.60
|
11.74
|
21.13
|
0.37
|
0.01
|
0.04
|
Drill hole
|
Area
|
From m
|
To m
|
length (m)
|
Au g/t
|
Ag g/t
|
Cu%
|
Pb%
|
Zn%
|
08-076
|
San Pablo E
|
32.75
|
34.85
|
2.10
|
36.09
|
47.80
|
0.43
|
0.80
|
1.06
|
10-208
|
San
Pablo E
|
150.61
|
152.67
|
2.06
|
6.60
|
10.30
|
0.40
|
0.00
|
0.01
|
11-252
|
San Pablo E
|
55.25
|
59.70
|
4.45
|
4.26
|
12.05
|
0.37
|
0.01
|
0.04
|
11-256
|
San Pablo E
|
51.61
|
52.85
|
1.24
|
144.08
|
138.60
|
1.06
|
1.61
|
1.78
|
11-256
|
San Pablo E
|
99.93
|
101.29
|
1.36
|
9.04
|
3.30
|
0.01
|
0.00
|
0.01
|
11-298
|
San Pablo E
|
49.15
|
49.85
|
0.7
|
49.39
|
20.80
|
0.20
|
0.01
|
0.03
|
Drill hole
|
Area
|
From m
|
To m
|
length (m)
|
Au g/t
|
Ag g/t
|
Cu%
|
Pb%
|
Zn%
|
07-021
|
La Purisima
|
158.70
|
160.80
|
2.10
|
75.90
|
76.00
|
1.61
|
0.07
|
0.00
|
07-039
|
La Purisima
|
197.55
|
200.80
|
3.25
|
10.93
|
4.60
|
0.04
|
0.00
|
0.01
|
10-161
|
La Purisima
|
87.70
|
99.67
|
11.97
|
3.12
|
4.86
|
0.36
|
0.00
|
0.01
|
10-204
|
La Purisima
|
128.02
|
131.86
|
3.84
|
4.06
|
3.15
|
0.09
|
0.00
|
0.00
|
10-204
|
La Purisima
|
173.15
|
174.58
|
1.43
|
7.21
|
5.57
|
0.08
|
0.00
|
0.01
|
10-206
|
La Purisima
|
121.73
|
124.04
|
2.31
|
14.63
|
3.45
|
0.02
|
0.00
|
0.00
|
11-282
|
La Purisima
|
152.40
|
153.92
|
1.52
|
7.79
|
1.40
|
0.04
|
0.00
|
0.00
|
11-285
|
La Purisima
|
85.06
|
87.92
|
2.86
|
3.93
|
0.80
|
0.03
|
0.00
|
0.00
|
11-285
|
La Purisima
|
98.50
|
102.15
|
3.65
|
6.70
|
3.87
|
0.20
|
0.00
|
0.01
|
11-289
|
La Purisima
|
109.73
|
112.78
|
3.05
|
9.50
|
7.05
|
0.11
|
0.02
|
0.00
|
11-293
|
La Purisima
|
38.11
|
39.27
|
1.16
|
10.06
|
0.50
|
0.01
|
0.00
|
0.00
|
11-293
|
La Purisima
|
158.75
|
160.55
|
1.80
|
12.65
|
2.84
|
0.10
|
0.00
|
0.01
|
Year
|
Total Tonnes
Mined & Processed
|
Reported Mill Feed Grade
(g/t Au)
|
Reported Recovery
%
|
Gross Gold Concentrates Produced
(Au oz.)
|
Net Gold Concentrates Sold
(Au oz.)
|
2015
|
7,180
|
8.30
|
78.0%
|
1,495
|
1,308
|
2016
|
33,172
|
12.70
|
79.7 %
|
10,836
|
8,668
|
2017
|
35,170
|
12.95
|
85 %
|
12,636
|
10,740
|
Year
ended December 31, 2017
|
Low
|
High
|
First
Quarter
|
1.00
|
1.60
|
Second
Quarter
|
1.01
|
1.35
|
Third
Quarter
|
0.90
|
1.35
|
Fourth
Quarter
|
0.90
|
1.25
|
|
|
|
Year
ended December 31, 2016
|
Low
|
High
|
First
Quarter
|
1.10
|
1.65
|
Second
Quarter
|
1.30
|
1.50
|
Third
Quarter
|
1.41
|
1.95
|
Fourth
Quarter
|
1.20
|
1.99
|
Mined
and Milled Tonnage
|
42,000
tonnes
|
Production (Oz
Au)
|
18,250
Oz
|
Average
Grade
|
15-20
g/t
|
Recovery Efficiency
(Plant)
|
85%
|
Recovery in
Concentrate (Sales)
|
90%
|
Production Cost
(Average, 4 Years)
|
$175 /
Oz
|
Year
|
Total Tonnes
Mined & Processed
|
Reported Mill Feed Grade
(g/t Au)
|
Reported Recovery
%
|
Gross Gold Concentrates Produced
(Au oz.)
|
Net Gold Concentrates Sold
(Au oz.)
|
2015
|
7,180
|
8.30
|
78.0%
|
1,495
|
1,308
|
2016
|
33,172
|
12.70
|
79.7 %
|
10,836
|
8,668
|
2017
|
35,170
|
12.95
|
85 %
|
12,636
|
10,740
|
Year
|
High
|
Low
|
Average
|
2005
|
$
536
|
$
411
|
$
444
|
2006
|
$
725
|
$
525
|
$
604
|
2007
|
$
841
|
$
608
|
$
695
|
2008
|
$
1,011
|
$
713
|
$
872
|
2009
|
$
1,213
|
$
810
|
$
972
|
2010
|
$
1,421
|
$
1,058
|
$
1,225
|
2011
|
$
1,895
|
$
1,319
|
$
1,572
|
2012
|
$
1,792
|
$
1,540
|
$
1,669
|
2013
|
$
1,694
|
$
1,192
|
$
1,411
|
2014
|
$
1,380
|
$
1,140
|
$
1,265
|
2015
|
$
1,303
|
$
1,057
|
$
1,175
|
2016
|
$
1,366
|
$
1,151
|
$
1,236
|
2017
|
$
1,379
|
$
1,101
|
$
1,244
|
Year
|
Total Tons
Mined & Processed
|
Reported Mill Feed Grade
(g/t Au)
|
Reported Recovery
%
|
Gross Gold Concentrates Produced
(Au oz.)
|
Net Gold Concentrates Sold
(Au oz.)
|
2015
|
7,180
|
8.30
|
78.0%
|
1,495
|
1,308
|
2016
|
33,172
|
12.70
|
79.7 %
|
10,836
|
8,668
|
2017
|
35,170
|
12.95
|
85 %
|
12,636
|
10,740
|
DYNARESOURCE, INC.
|
CONSOLIDATED BALANCE SHEETS
|
DECEMBER 31, 2017 AND 2016
|
|
2017
|
2016
|
ASSETS
|
|
|
Current Assets
|
|
|
Cash and Cash Equivalents
|
$
3,528,735
|
$
2,197,005
|
Accounts Receivable
|
323,315
|
454,140
|
Inventories
|
907,982
|
561,238
|
Foreign Tax Receivable
|
732,241
|
1,083,364
|
Other Current Assets
|
38,397
|
73,871
|
Total Current Assets
|
5,530,670
|
4,369,618
|
|
|
|
Mining Equipment and Fixtures (Net of Accumulated
|
|
|
Depreciation of $974,154 and $821,132)
|
1,698,070
|
578,743
|
Mining Concessions
|
4,132,678
|
4,132,678
|
Investment in Affiliate
|
70,000
|
70,000
|
Other Assets
|
61,894
|
15,450
|
|
|
|
TOTAL ASSETS
|
$
11,493,312
|
$
9,166,489
|
|
|
|
LIBILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
|
|
|
Current Liabilities:
|
|
|
Accounts Payable
|
$
803,291
|
$
851,197
|
Accrued Expenses
|
2,059,199
|
1,367,510
|
Due to Non-Controlling Interest
|
231,500
|
231,500
|
Derivative Liabilities
|
3,181,508
|
5,106,090
|
Convertible Notes Payable
|
950,625
|
956,250
|
Current Portion of Long Term Debt
|
129,401
|
-
|
Total Current Liabilities
|
7,355,524
|
8,512,547
|
|
|
|
Long Term Debt, Less Current Portion
|
237,910
|
-
|
|
|
|
TOTAL LIABILITES
|
7,593,434
|
8,512,547
|
|
|
|
Preferred Stock, Series C, $0.0001 per value, 1,733,221 shares
Authorized, issued and outstanding
|
4,333,053
|
4,333,053
|
|
|
|
STOCKHOLDERS' EQUITY (DEFICIT)
|
|
|
Preferred Stock, Series A, $0.0001 par value, 1,000
shares
|
|
|
authorized, issued and
outstanding
|
1
|
1
|
Common Stock, $0.01 par value, 25,000,000 shares
authorized
|
|
|
17,722,825 and 16,722,825 issued and outstanding
|
177,228
|
167,228
|
Preferred Rights
|
40,000
|
40,000
|
Additional Paid In Capital
|
56,622,159
|
55,083,783
|
Treasury Stock, 778,980 and 1,112,313 shares
|
(2,223,891
)
|
(3,175,515
)
|
Accumulated Other Comprehensive income
|
1,265,853
|
3,771,532
|
Accumulated Deficit
|
(50,898,357
)
|
(53,551,567
)
|
Total DynaResource Inc. Stockholders' Equity
|
4,982,993
|
2,335,462
|
Non-Controlling Interest
|
(5,416,168
)
|
(6,014,573
)
|
TOTAL EQUITY (DEFICIT)
|
(433,175
)
|
(3,679,111
)
|
|
|
|
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
|
$
11,493,312
|
$
9,166,489
|
|
2017
|
2016
|
REVENUE
|
$
10,850,091
|
$
9,496,105
|
|
|
|
COSTS AND EXPENSES OF MINING OPERATIONS
|
|
|
Production Cost Applicable to
Sales
|
1,120,011
|
1,044,011
|
Mine Production Costs
|
1,295,543
|
734,542
|
Mine Exploration Costs
|
3,539,523
|
2,006,824
|
Mine Expansion Costs
|
253,231
|
-
|
Camp, Warehouse and Facilities
|
1,226,897
|
501,044
|
Transportation
|
576,315
|
262,755
|
Pre-Pilot Production Costs
|
-
|
64,795
|
Property Holding Costs
|
702,599
|
504,495
|
General and Administrative
|
2,609,675
|
2,784,856
|
Depreciation and Amortization
|
153,862
|
77,638
|
Total Operating Expenses
|
11,477,656
|
7,980,960
|
NET OPERATING INCOME (LOSS)
|
(627,565
)
|
1,515,145
|
|
|
|
OTHER INCOME (EXPENSE)
|
|
|
Foreign Currency Gains
(Losses)
|
1,388,573
|
(20,218
)
|
Interest Expense
|
(158,944
)
|
(119,532
)
|
Derivatives Mark-to-Market
Gain
|
1,924,582
|
276,647
|
Other Income (Expense)
|
1,063
|
(156,882
)
|
Total Other Income (Expense)
|
3,155,274
|
(19,985
)
|
|
|
|
NET INCOME BEFORE TAXES
|
2,527,709
|
1,495,160
|
PROVISION FOR INCOME TAXES
|
-
|
-
|
|
|
|
NET INCOME
|
$
2,527,709
|
$
1,495,160
|
|
|
|
DEEMED DIVIDEND FOR SERIES C PREFERRED
|
(173,320
)
|
(173,797
)
|
LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST
|
125,501
|
347,179
|
|
|
|
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
|
$
2,479,890
|
$
1,668,542
|
|
|
|
EARNINGS PER SHARE ATTRIBUTABLE TO THE
|
|
|
EQUITY HOLDERS OF DYNARESOURCE,
INC.
|
|
|
|
|
|
Basic Earnings Per Common Share
|
$
0.15
|
$
0.10
|
Weighted Average Shares Outstanding -
Basic
|
17,076,250
|
16,722,825
|
|
|
|
Diluted Earnings Per Common Share
|
$
0.14
|
$
0.10
|
Weighted Average Shares Outstanding -
Diluted
|
18,943,790
|
18,560,464
|
|
|
|
OTHER COMPREHENSIVE INCOME (LOSS)
|
|
|
Foreign Currency Translation
Loss
|
(1,781,773
)
|
(147,757
)
|
TOTAL OTHER COMPREHENSIVE LOSS
|
(1,781,773
)
|
(147,757
)
|
|
|
|
TOTAL COMPREHENSIVE INCOME
|
$
745,936
|
$
1,347,403
|
|
|
|
ATTRIBUTABLE TO:
|
|
|
EQUITY HOLDERS OF DYNARESOURCE,
INC.
|
$
147,531
|
$
791,777
|
NON-CONTROLLING INTEREST
|
$
598,405
|
$
555,626
|
|
Preferred
Series
A
Shares
|
Series
A
Amount
|
Common
Shares
|
Common
Amount
|
Preferred
Rights
|
Paid
In
Capital
|
Treasury
Shares
|
Treasury
Amount
|
Accumulated
Comprehensive
Income
|
Accumulated
Deficit
|
Non-
Controlling
Interest
|
Total
|
Balance,
December 31, 2015
|
1,000
|
$
1
|
16,722,825
|
$
167,228
|
$
40,000
|
$
55,083,783
|
1,112,313
|
$
(3,175,515
)
|
$
4,822,094
|
$
(55,233,906
)
|
$
(6,570,199
)
|
$
(4,866,514
)
|
Other
Comprehensive Income
|
|
|
|
|
|
|
|
|
(1,050,562
)
|
|
902,805
|
(147,757
)
|
Paid Dividend
on Pref Shares
|
|
|
|
|
|
|
|
|
|
(160,000
)
|
|
(160,000
)
|
Net
Income
|
|
|
|
|
|
|
|
|
|
1,842,339
|
(347,179
)
|
1,495,160
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance,
December 31, 2016
|
1,000
|
1
|
16,722,825
|
167,228
|
40,000
|
55,083,783
|
1,112,313
|
(3,175,515
)
|
3,771,532
|
(53,551,567
)
|
(6,014,573
)
|
(3,679,111
)
|
Sale of Common
Stock for Cash
|
|
|
1,000,000
|
10,000
|
|
2,490,000
|
|
|
|
|
|
2,500,000
|
Issuance of
Treasury Shares
|
|
|
|
|
|
(951,624
)
|
(333,333
)
|
951,624
|
|
|
|
|
Other
Comprehensive Income
|
|
|
|
|
|
|
|
|
(2,505,679
)
|
|
723,906
|
(1,781,773
)
|
Net
Income
|
|
|
|
|
|
|
|
|
|
2,653,210
|
(125,501
)
|
2,527,709
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance,
December 31, 2017
|
1,000
|
$
1
|
17,722,825
|
$
177,228
|
$
40,000
|
$
56,622,159
|
778,980
|
$
(2,223,891
)
|
$
1,265,853
|
$
(50,898,357
)
|
$
(5,416,168
)
|
$
(433,175
)
|
|
2017
|
2016
|
CASH FLOWS FROM OPERATING ACTIVITES:
|
|
|
Net Income
|
$
2,527,709
|
$
1,495,160
|
Adjustments to reconcile net income to cash provided by operating
activities
|
|
|
Change in Derivatives
|
(1,924,582
)
|
(276,647
)
|
Depreciation and Amortization
|
153,862
|
77,638
|
Write off of Receivable from
Affiliate
|
-
|
157,679
|
Change in Operating Assets and Liabilities
|
|
|
Accounts Receivable
|
130,825
|
(366,861
)
|
Inventories
|
(346,744
)
|
(529,405
)
|
Foreign Tax Receivable
|
351,123
|
(643,604
)
|
Other Assets
|
(10,970
)
|
(79,698
)
|
Accounts Payable
|
(47,906
)
|
63,587
|
Accrued Expenses
|
1,225,269
|
637,287
|
CASH FLOWS PROVIDED BY OPERATING ACTIVITIES
|
2,058,586
|
535,136
|
|
|
|
CASH FLOWS FROM INVESTING ACTIVITIES:
|
|
|
Purchase of Equipment
|
(1,273,189
)
|
(145,030
)
|
CASH FLOWS USED IN INVESTING ACTIVITIES
|
(1,273,189
)
|
(145,030
)
|
|
|
|
CASH FLOW FROM FINANCING ACTIVITIES:
|
|
|
Proceeds from Sale of Common
Stock
|
2,500,000
|
-
|
Payment of Dividends
|
-
|
(160,000
)
|
Payments of Promissory Notes - Related
Parties
|
(5,625
)
|
(150,000
)
|
Payments of Long Term Debt
|
(166,269
)
|
-
|
CASH FLOW PROVIDED BY (USED IN) FINANCING ACTIVITIES
|
2,328,106
|
(310,000
)
|
|
|
|
Effects of Foreign Exchange
|
(1,781,773
)
|
194,300
|
|
|
|
NET INCREASE IN CASH
|
1,331,730
|
274,406
|
CASH AT BEGINNING OF PERIOD
|
2,197,005
|
1,922,599
|
CASH AT END OF PERIOD
|
$
3,528,735
|
$
2,197,005
|
|
|
|
SUPPLEMENTAL DISCLOSURES
|
|
|
Cash Paid for Interest
|
$
158,686
|
$
119,532
|
Cash Paid for Income Taxes
|
$
-
|
$
-
|
NON-CASH TRANSACTION
|
|
|
Issuance of Treasury Shares
|
$
951,624
|
$
-
|
Conversion of Accounts Payable to Long-Term
Debt
|
$
533,580
|
$
-
|
|
|
Dec 31, 2017
|
Dec 31, 2016
|
|
|
|
|
Current
exchange rate
|
Pesos
|
19.73
|
20.65
|
|
|
|
|
Weighted
average exchange rate for the period ended
|
Pesos
|
18.12
|
18.69
|
|
Years ended December 31
|
|
|
2017
|
2016
|
Net
income
|
$
2,479,890
|
$
1,668,542
|
Shares:
|
|
|
Weighted
average number of common shares outstanding, Basic
|
17,076,250
|
16,722,855
|
|
|
|
Diluted
weighted average number of common shares outstanding,
Diluted
|
18,943,790
|
18,560,464
|
|
|
|
Basic
earnings per share
|
$
0.15
|
$
0.10
|
|
|
|
Diluted
earnings per share
|
$
0.14
|
$
0.10
|
|
2017
|
2016
|
|
|
|
Mined
Tonnage, Gold-Silver Concentrates, and/or Gravity Tailings
(Flotation Feed Material)
|
$
907,982
|
$
561,238
|
Total Inventories
|
$
907,982
|
$
561,238
|
|
2017
|
2016
|
|
|
|
Camp buildings and improvements
|
$
418,639
|
$
-
|
Machinery and equipment
|
1,368,736
|
955,555
|
Transportation equipment
|
289,165
|
249,848
|
Office furniture and fixtures
|
78,802
|
75,829
|
Office equipment
|
152,805
|
118,646
|
Construction in progress
|
364,917
|
-
|
Sub-total
|
2,673,064
|
1,399,875
|
Less: Accumulated depreciation
|
(974,994
)
|
(821,132
)
|
Total Property
|
$
1,698,070
|
$
578,743
|
|
2017
|
2016
|
San Jose de Gracia (“SJG”):
|
|
|
|
|
|
Total Mining
Concessions
|
$
4,132,678
|
$
4,132,678
|
|
2017
|
2016
|
Prior Year
|
$
17,244,045
|
$
17,719,823
|
Tax Benefit for Current Year
|
(114,148
)
|
(475,778
)
|
Permanent Difference Due to Rate Change
|
(4,564,600
)
|
-
|
Total Deferred Tax Asset
|
12,565,297
|
17,244,045
|
Less: Valuation
Allowance
|
(12,565,297
)
|
(17,244,045
)
|
Net Deferred Tax Asset
|
$
-
|
$
-
|
|
2017
|
2016
|
Book Income
|
$
2,527,709
|
$
1,495,160
|
Tax Expense at Statutory Rates
|
859,421
|
508,354
|
Permanent Difference Due to Rate Change
|
4,860,392
|
-
|
Other Permanent Differences
|
(653,180
)
|
(32,576
)
|
Change in Valuation Allowance
|
(5,072,597
)
|
(489,536
)
|
Other
|
5,964
|
13,758
|
Provision for (Benefit from) Income Taxes, Net
|
$
-
|
$
-
|
|
Preferred Series
C
|
|
|
Carrying Value, December 31, 2015
|
$
4,333,053
|
Issuances at Fair Value, Net of Issuance Costs
|
0
|
Bifurcation of Derivative Liability
|
0
|
Relative Fair Value of Warrants – Preferred Stock
Discount
|
0
|
Accretion of Preferred Stock to Redemption Value
|
0
|
Carrying Value, December 31, 2016
|
4,333,053
|
|
|
Issuances at Fair Value, Net of Issuance Costs
|
0
|
Bifurcation of Derivative Liability
|
0
|
Relative Fair Value of Warrants – Preferred Stock
Discount
|
0
|
Accretion of Preferred Stock to Redemption Value
|
0
|
Carrying Value, December 31, 2017
|
4,333,053
|
|
Number of
Shares
|
Weighted
Average Exercise Price
|
Weighted
Average Remaining Contractual Life (Years)
|
Intrinsic
Value
|
Balance at
December 31, 2015
|
4,161,189
|
$
3.07
|
3.17
|
$
-
|
Granted
|
-
|
$
-
|
|
$
-
|
Exercised
|
-
|
$
-
|
|
$
-
|
Forfeited
|
(567,500
)
|
$
7.02
|
|
$
-
|
Balance at
December 31, 2016
|
3,593,689
|
$
2.45
|
2.51
|
$
-
|
Granted
|
-
|
$
-
|
|
$
-
|
Exercised
|
(1,000,000
)
|
$
2.50
|
|
$
-
|
Forfeited
|
(70,000
)
|
$
2.50
|
|
$
-
|
Balance at
December 31, 2017
|
2,523,689
|
$
2.45
|
1.51
|
$
-
|
Exercisable at
December 31, 2017
|
2,523,689
|
$
2.45
|
1.51
|
$
-
|
YEAR
|
AMOUNT
|
2018
|
$
67,324
|
2019
|
$
82,474
|
2020
|
$
84,280
|
2021
|
$
86,086
|
2022
|
$
87,892
|
Thereafter
|
$
14,849
|
|
|
TOTAL
|
$
422,905
|
|
2017
|
|
2016
|
|
Annual
volatility rate
|
153%
|
|
123%
|
|
Risk
free rate
|
2.20%
|
|
1.93%
|
|
Holding
Period
|
5
years
|
|
5
years
|
|
Fair
Value of common stock
|
$1.11
|
|
$1.75
|
Year Ended
|
2017
|
2016
|
Fair value of
derivative (stock), beginning of year
|
$
2,592,492
|
$
2,419,359
|
Change in fair
value of derivative
|
(1,060,703
)
|
173,093
|
Fair value of
derivative on the date of issuance
|
-
|
-
|
Fair value of
derivative(stock), end of year
|
$
1,531,789
|
$
2,592,452
|
|
2017
|
|
2016
|
||
Annual
volatility rate
|
153%
|
|
123%
|
||
Risk
free rate
|
2.20%
|
|
1.93%
|
||
Holding
Period
|
5 years
|
|
5 years
|
||
Fair
Value of common stock
|
$1.11
|
|
$1.75
|
Year Ended
|
2017
|
2016
|
Fair value of
derivative (warrants), beginning of year
|
$
2,513,638
|
$
2,963,378
|
Change in fair
value of derivative
|
(863,919
)
|
(449,740
)
|
Fair value of
derivative on the date of issuance
|
-
|
-
|
Fair value of
derivative(warrants), end of year
|
$
1,649,719
|
$
2,513,638
|
|
Year
Ended
December
31,
2017
|
Year
Ended
December
31,
2016
|
|
|
|
Beginning balance
|
$
(6,014,573
)
|
$
(6,570,199
)
|
Operating income
(loss)
|
(125,501
)
|
(347,179
)
|
Share of Other
Comprehensive Income (loss)
|
723,906
|
902,805
|
Ending balance
|
$
(5,416,168
)
|
$
(6,014,573
)
|
Fair Value
Measurement at December 31, 2017 Using:
|
|
Quoted Prices
in Active Markets For Identical Assets (Level 1)
|
Significant
Other Observable Inputs (Level 2)
|
Signific ant
Unobservable Inputs (Level 3)
|
|
|
|
|
|
Assets:
|
|
|
|
|
None
|
-
|
-
|
-
|
-
|
Totals
|
$
-
|
$
-
|
$
-
|
$
-
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
Derivative
Liabilities
|
$
3,181,508
|
-
|
-
|
3,181,508
|
Totals
|
$
3,181,508
|
$
-
|
$
-
|
$
3,181,508
|
Fair
Value Measurement at December 31, 2016 Using:
|
|
|
|
|
Assets:
|
|
|
|
|
None
|
-
|
-
|
-
|
-
|
Totals
|
$
-
|
$
-
|
$
-
|
$
-
|
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
Derivative
Liabilities
|
$
5,106,690
|
-
|
-
|
5,106,690
|
Totals
|
$
5,106,690
|
$
-
|
$
-
|
$
5.106,690
|
Property Holding Taxes June 1, 2014 – December 31,
2015
|
$
533,580
|
Initial payment of 20%
|
(106,716
)
|
2017 principal payments
|
(59,553
)
|
Balance
at December 31, 2017
|
$
367,311
|
At December 31, 2017 future maturities of notes payable are as
follows
Year Ending December 31:
|
|
2018
|
$
129,401
|
2019
|
154,715
|
2020
|
83,195
|
Total
|
$
367,311
|
BALANCE
SHEET
|
Previously
Reported
Dec
31,2016
|
Adjustments
|
Adjusted
Balance
Dec 31,
2016
|
Accounts
Payable
|
$
309,952
|
$
541,245
|
$
851,197
|
Accrued
Expenses
|
1,198,278
|
169,232
|
1,357,510
|
Total
Liabilities
|
7,802,070
|
710,477
|
8,512,547
|
|
|
|
|
Accumulated
Deficit
|
(53,013,185
)
|
(538,382
)
|
(53,551,567
)
|
Non-Controlling
Interest
|
(5,842,478
)
|
(172,095
)
|
(6,014,573
)
|
Total
Equity (Deficit)
|
(2,968,634
)
|
(710,477
)
|
(3,679,111
)
|
Total
Liabilities and Equity
|
$
9,166,489
|
$
—
|
$
9,166,489
|
INCOME
STATEMENT
|
|||
|
Year Ended
December 31, 2016
|
||
|
Previously
Reported
|
Adjustments
|
Adjusted
|
COSTS
AND EXPENSES OF MINING OPERATIONS
|
|
|
|
Property
Holding Costs
|
$
185,263
|
$
319,232
|
$
504,495
|
General
and Administrative
|
2,598,916
|
(150,000
)
|
2,448,916
|
Total
Operating Expenses
|
7,811,728
|
169,232
|
7,980,960
|
|
|
|
|
NET
OPERATING INCOME (LOSS)
|
1,684,377
|
(169,232
)
|
1,515,145
|
|
|
|
|
NET
INCOME (LOSS) BEFORE TAXES
|
1,664,392
|
(169,232
)
|
1,495,160
|
|
|
|
|
NET
INCOME (LOSS)
|
1,664,392
|
(169,232
)
|
1,495,160
|
|
|
|
|
ATTRIBUTABLE
TO NON-CONTROLLING INTERESST
|
283,333
|
63,846
|
347,179
|
NET
INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS
|
$
1,773,928
|
$
(105,386
)
|
$
1,668,542
|
|
|
|
|
|
|
|
|
Basic
Loss Per Common Share
|
$
0.11
|
$
(0.01
)
|
$
0.10
|
|
|
|
|
Diluted
Loss Per Common Share
|
$
0.09
|
$
0.01
|
$
0.10
|
Name
|
|
Age
|
|
Position
|
|
Held Since
|
K. W. (“K.D.”) Diepholz
|
|
60
|
|
Chairman of The Board
|
|
May 1995
|
1303 Regency Court
|
|
|
|
CEO/President
|
|
May 1997
|
Southlake, Texas 76092
|
|
|
|
Treasurer
|
|
May 1997
|
|
|
|
|
|
|
|
Dr. Jose Vargas Lugo
|
|
57
|
|
Director of Operations - México, President - México
Operations;
|
|
August 2011
|
Enrique Dunant Y5 de Mayo #963 L-3
|
|
|
|
Director;
|
|
May 2013
|
Fracc, Los Parques
|
|
|
|
|
|
August 2013
|
Guamuchil, Sin CP 81460
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Eduardo Luna
|
|
73
|
|
Senior Advisor to President of Mineras de
DynaResource;
|
|
February 2017
|
Sierra Grande #134
|
|
|
|
Director
|
|
February
2017
|
Fraccionamiento Lomas de Mazatlán
|
|
|
|
|
|
|
Mazatlán, Sinaloa México 82110
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pedro Ignacio Teran Cruz
|
|
58
|
|
Executive Vice President, Director of Exploration and Resource
Development;
|
|
2008-2013;
|
Sierra Grande #134
|
|
|
|
Board Member
|
|
March 2016
|
Fraccionamiento Lomas de Mazatlán
|
|
|
|
|
|
|
Mazatlán, Sinaloa México 82110
|
|
|
|
|
|
December, 2014
|
|
|
|
|
|
|
|
John C. Wasserman
|
|
78
|
|
Independent Director
|
|
December 2015
|
222 W. Las Colinas Blvd.
|
|
|
|
|
|
|
Suite 744 East Tower
|
|
|
|
|
|
|
Irving, TX. 75039
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dale G. Petrini
|
|
63
|
|
Independent Director
|
|
December 2016
|
222 W. Las Colinas Blvd.
|
|
|
|
|
|
|
Suite 744 East Tower
|
|
|
|
|
|
|
Irving, TX. 75039
|
|
|
|
|
|
|
Philip K. Rose
|
|
29
|
|
Independent Director
|
|
July 2015
|
222 W. Las Colinas Blvd.
|
|
|
|
|
|
|
Suite 744 East Tower
|
|
|
|
|
|
|
Irving, TX. 75039
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bradford J. Saulter
|
|
58
|
|
Vice President – Investor Relations
|
|
May 1998
|
7618 Straits Lane
|
|
|
|
|
|
|
Rowlett, Texas 75088
|
|
|
|
|
|
|
Nicolas Miguel
|
|
|
|
Controller for Mexico Operations;
|
|
May 2017
|
Sierra Grande #134
|
|
|
|
|
|
|
Fraccionamiento Lomas de Mazatlán
|
|
|
|
|
|
|
Mazatlán, Sinaloa México 82110
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Raul Garcia Reimbert
|
|
56
|
|
Special Advisor to President of Mineras de
DynaResource;
|
|
November 2016
|
Sierra Grande #134
|
|
|
|
|
|
|
Fraccionamiento Lomas de Mazatlán
|
|
|
|
|
|
|
Mazatlán, Sinaloa México 82110
|
|
|
|
|
|
|
Name and
principal position
|
|
Year
|
|
Salary
|
|
Bonus
|
|
Stock
Awards
|
|
Option
Awards
|
|
Non-equity
incentive
plan compensation
|
|
Nonqualified
deferred compensation
|
|
All
other
compensation
*
|
K.W.
(“K.D.”) Diepholz,
|
|
2017
|
|
$251,039
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
$45,000
|
CEO/President
|
|
2016
|
|
$225,000
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
$14,750
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dr.
Jose Vargas Lugo; EVP., s
|
|
2017
|
|
$90,000
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
President of
México Operation
|
|
2016
|
|
$90,000
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Eduardo
Luna
|
|
2017
|
|
$166,670
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
Sr. Advisor
to
|
|
2016
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
President of
Mineras de DynaResource
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*Rene
L.F. Mladosich;
|
|
2017
|
|
$54,250
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
former GM of San
Jose de Gracia Project
|
|
2016
|
|
$137,500
|
|
$10,000
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*Robert
(“Chip”)
|
|
2017
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
Allender, Jr.,
Former EVP.
Dir of
Operations
|
|
2016
|
|
$54,405
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*David
S. Hall,
|
|
2017
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
Former
CFO
|
|
2016
|
|
$33,732
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pedro
Ignacio Teran Cruz,
|
|
2016
|
|
$120,000
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
Dir. of Exp. and
Resource Dev.
|
|
2016
|
|
$120,000
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bradford
J. Saulter,
|
|
2017
|
|
$90,000
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
$20,000
|
VP,
Investor
Relations
|
|
2016
|
|
$72,000
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
|
|
Option Awards
|
|
Stock Awards
|
|||||||
Name and principal position
|
|
Number of Securities Underlying Unexercised options (#)
exercisable
|
|
Number of Securities Underlying Unexercised options (#)
un-exercisable
|
|
Equity incentive plan awards
|
|
Option exercise price
|
|
Option expiration date
|
|
Number of share awards that have not
vested
|
|
|
|
|
|
|
|
|
|
|
|
|
|
K.W. (“K.D.”) Diepholz
|
|
None
|
|
None
|
|
None
|
|
N/A
|
|
N/A
|
|
None
|
CEO/President
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dr. Jose Vargas Lugo
|
|
None
|
|
None
|
|
None
|
|
N/A
|
|
N/A
|
|
None
|
President
of México Operations
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rene L.F. Mladosich
|
|
None
|
|
None
|
|
None
|
|
N/A
|
|
N/A
|
|
None
|
GM of San Jose de Gracia Project (2016)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Robert (“Chip”) Allender, Jr.
|
|
None
|
|
None
|
|
None
|
|
N/A
|
|
N/A
|
|
None
|
Director of Mining Operations (2016)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pedro Ignacio Teran Cruz; Dir. of Expl.
|
|
None
|
|
None
|
|
None
|
|
N/A
|
|
N/A
|
|
None
|
|
|
|
|
|
|
|
|
|
|
|
|
|
David S. Hall
|
|
None
|
|
None
|
|
None
|
|
N/A
|
|
N/A
|
|
|
●
CFO, 2015 to May 2016
|
|
|
|
|
|
|
|
|
|
|
|
None
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bradford J. Saulter
|
|
None
|
|
None
|
|
None
|
|
N/A
|
|
N/A
|
|
None
|
|
|
|
|
|
|
|
|
|
|
|
|
|
John C. Wasserman
|
|
None
|
|
None
|
|
None
|
|
N/A
|
|
N/A
|
|
None
|
COMMON STOCK
|
|
Beneficial
Owner
|
|
Address
|
|
Common
Shares
|
|
Percent
Ownership
|
|
|
|
|
|
|
|
|
|
Common
Stock
|
|
K.W.
(“K.D.”) Diepholz
Chairman
/ CEO
|
|
222 W.
Las Colinas Blvd.
Suite
1910 North Tower
Irving,
Texas 75039
|
|
1,865,100
|
|
10.50%
|
Common
Stock
|
|
Mineras
de DynaResource
SA de
CV.
|
|
CP
82110, Mazatlán, Sinaloa, Mexico
|
|
504,300
|
|
2.8%
|
Common
Stock
|
|
Gareth
Nichol
|
|
Denver,
Colorado
|
|
2,333,333
|
|
13.16%
|
Common
Stock
|
|
Dr.
Jose Vargas Lugo
EVP,
Director
|
|
Plutarco
Elias Calles 47
Guamuchil
Sin. Mex. 81450
|
|
274,508
|
|
1.5%
|
|
|
|
|
|
|
|
|
|
Common
Stock
|
|
Pedro
I. Teran Cruz
EVP;
Director
|
|
Hermosillo,
Sonora Mexico
|
|
37,500
|
|
.21%
|
Common
Stock
|
|
Bradford
J. Saulter
VP.,
Investor Relations
|
|
222 W.
Las Colinas Blvd.
Suite
1910 North Tower
Irving,
Texas 75039
|
|
124,439
|
|
.70%
|
Common
Stock
|
|
John C.
Wasserman
Director;
|
|
Waterville,
Ohio 43566
|
|
134,389
|
|
.758%
|
Common
Stock
|
|
Dale G.
Petrini
Director
|
|
Houston,
Texas 77027
|
|
156,330
|
|
.935%
|
Common
Stoc
|
|
Eduardo
Luna;
Director
|
|
Mexico
City; Mexico
|
|
|
|
|
**
|
|
Philip
A. Rose (2)
Director
|
|
Westlake,
Texas
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
All
Officers, Directors and Beneficial owners as a Group (10
holders)
|
|
|
|
5,429,899
|
|
30.64
%
|
Preferred
Series
|
|
Beneficial
Owner
|
|
Address
|
|
Preferred
Shares
|
|
Percent
Ownership
|
Series
“A”
|
|
K.W.
(“K.D.”)
Diepholz,
CEO
|
|
1303
Regency Court
Southlake,
Texas76092
|
|
1,000
|
|
100.0%
|
Preferred
Series
|
|
Beneficial
Owner
|
|
Address
|
|
Preferred
Shares
|
|
Percent
Ownership
|
Series
“C”
|
|
Golden
Post LLC.
|
|
1110
Post Oak Place
Westlake,
Texas76262
|
|
1,733,221
|
|
100.0%
|
No.
|
Description
|
31.1
*
|
Certification of
the Company’s Principal Executive Officer pursuant to Section
302 of the Sarbanes-Oxley Act of 2002
|
31.2
*
|
Certification of
the Company’s Principal Financial Officer pursuant to Section
302 of the Sarbanes-Oxley Act of 2002
|
32.1
*
|
Certification of
the Company’s Principal Executive Officer and Principal
Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.
|
|
|
DYNARESOURCE,
INC.
|
|
|
|
|
|
|
Dated: April 16, 2018 |
By:
|
/s/ K.W.
(“K.D.”) DIEPHOLZ
|
|
|
|
K.W. (K.D.) Diepholz, Chairman of the Board of Directors andChief Executive Officer |
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
/s/
K.W.
(“K.D.”) DIEPHOLZ
|
|
Chairman of the Board of Directors and Chief Executive Officer (Principal Executive Officer) |
|
April 16, 2018 |
K.W. (K.D.) Diepholz |
|
|
|
|
|
|
|
|
|
/s/
K.W.
(“K.D.”) DIEPHOLZ
|
|
Acting Chief Financial Officer (Principal Financial and Accounting Officer) |
|
April 16, 2018 |
K.W. (K.D.) Diepholz |
|
|
|
|
1 Year Dynaresource (QX) Chart |
1 Month Dynaresource (QX) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions