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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.38 | 1.26 | 3.00 | 0.00 | 11:18:00 |
Large accelerated filer
|
☐
|
Accelerated filer
|
☐
|
Non-accelerated
filer
|
☐
|
Smaller reporting company
|
☒
|
|
|
Emerging
growth company
|
☐
|
PART I
|
||
|
|
|
4
|
||
8
|
||
16
|
||
16
|
||
30
|
||
36
|
||
|
|
|
|
PART II
|
|
|
|
|
36
|
||
37
|
||
37
|
||
52
|
||
52
|
||
79
|
||
79
|
||
80
|
||
PART III
|
||
|
|
|
81
|
||
86
|
||
88
|
||
89
|
||
89
|
||
|
||
PART IV
|
||
|
|
|
|
|
|
90
|
||
90
|
||
|
91
|
|
EXHIBIT INDEX
|
||
|
|
|
|
||
|
||
|
DynaMéxico
Shareholder
|
Fixed Capital Series "A" Shares
|
Variable Capital Series "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
|
DynaResource de México, S.A. de
C.V.:
|
80% Owned by
DynaResource, Inc.
|
|
●
100
Owner of San Jose de Gracía Property
(“SJG”);
|
|
|
Mineras de DynaResource, S.A. de
C.V.:
|
100% Owned by
DynaResource, Inc.
|
|
●
Exclusive Operator
of San Jose de Gracía Project
●
Entered into
Exploitation / Operating Agreement with DynaMéxico (See
below);
●
Entered into
20-year surface Rights agreement with the Santa Maria
Ejido
|
|
|
DynaResource Operaciones de San Jose de Gracia,
S.A. de C.V.:
|
100% Owned by
DynaResource, Inc.
|
|
●
Personnel
Management Company at SJG;
|
Dore:
|
None.
|
Gold-Silver
Concentrates:
|
Mercuria
Commodities Trading S.A. de C.V.
|
Gold-Silver
Concentrates
|
Metco
Trading S.A. de C.V.
|
Metal
|
2013
|
2014
|
2015
|
2016
|
2017
|
2018
|
2019
|
Gold
|
$1,411.00
|
$1,266.00
|
$1,175.00
|
$1,136.00
|
$1,244.00
|
$1,268.00
|
$1,393.00
|
Silver
|
23.79
|
19.08
|
13.90
|
17.14
|
17.77
|
15.71
|
16.21
|
Copper
|
3.32
|
3.11
|
2.09
|
2.54
|
2.80
|
2.96
|
2.72
|
Claim Name
|
Claim Number
|
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
|
3,279.56
|
|
TOTAL
|
|
|
|
7,881.63
|
|
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
|
|
Contract Mining:
|
$713,000; including $250,000 Deposit (advance for services),
and $463,000 in direct mining costs, explosives, and payments to
contractor;
|
|
Mine
related Costs:
|
$290,000 ; including mine plan
development, permits, assays, consulting, mine supplies, and
equipment items;
|
|
|
|
|
Mill
and Camp:
|
$613,000; Improvements to the Mill and
Camp, including pre-operation expenses;
|
|
Personnel Costs:
|
$673,000; including payroll and consulting
expenses;
|
|
Equipment:
|
$636,000; long term equipment purchases including
transportation, mine loading and hauling, generators, compressors
and pumps;
|
|
Overhead:
|
$285,000; including legal expenses, consulting, and
administration;
|
|
IVA Taxes:
|
$272,000; Value added taxes paid, and
refundable;
|
|
Land Use and Rental:
|
$83,000;
|
|
Total:
|
$3,565,000
|
Mill
Expansion:
|
$1,927,000
|
Tailings
Pond Expansion
|
265,000
|
Machinery
and Equipment
|
792,000
|
Mining
Camp Expansion
|
146,000
|
Medical
Facility
|
126,000
|
Mine
Development - San Pablo
|
2,748,000
|
Mine
Expansion - San Pablo East
|
915,000
|
Mine
Expansion – Tres Amigos
|
689,000
|
SIG
Mining Concessions
|
1,273,000
|
Surface
Rights and Permitting
|
238,000
|
Debt
Retirement
|
125,000
|
Legal
Fees
|
1,116,000
|
|
|
Total
|
$10,360,000
|
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
|
85.00%
|
12,636
|
10,740
|
2018
|
52,038
|
9.82
|
86.11%
|
14,147
|
13,418
|
2019
|
66,031
|
5.81
|
84.78%
|
10,646
|
9,713
|
Total
|
193,591
|
9.46
|
84.56%
|
49,760
|
43,847
|
(a)
|
The
AAA must “cease and desist” from the arbitration
proceeding;
|
(b)
|
The
AAA does not have jurisdiction to hear any conflict and/or
interpretation arising from the Earn In/Option Agreement, dated
September 1, 2006; and
|
(c)
|
The
AAA does not have jurisdiction to hear disputes arising between
shareholders of DynaMéxico, which disputes do not arise
directly and immediately from the Earn In/Option Agreement, dated
September 1, 2006.
|
Year ended December 31,
2019
|
Low
|
High
|
First
Quarter
|
0.86
|
1.10
|
Second
Quarter
|
0.74
|
1.22
|
Third
Quarter
|
0.37
|
1.00
|
Fourth
Quarter
|
0.26
|
0.60
|
Year ended December 31,
2018
|
Low
|
High
|
First
Quarter
|
1.05
|
1.25
|
Second
Quarter
|
1.14
|
1.25
|
Third
Quarter
|
1.14
|
1.25
|
Fourth
Quarter
|
0.78
|
1.25
|
DynaResource de México, S.A. de
C.V.:
|
80% Owned by
DynaResource, Inc.
|
|
●
100 Owner of San
Jose de Gracía Property (“SJG”);
|
|
|
Mineras de DynaResource, S.A. de
C.V.:
|
100% Owned by
DynaResource, Inc
|
|
●
Exclusive Operator
of San Jose de Gracía Project;
|
|
●
Entered into
Exploitation / Operating Agreement with DynaMéxico (See
below);
|
|
●
Entered into
20-year surface Rights agreement with the Santa Maria
Ejido
|
|
|
DynaResource
Operaciones de SJG, S.A. de C.V.:
|
100% Owned by
DynaResource, Inc.
|
|
●
Personnel
Management Company at SJG;
|
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
|
Mill
Expansion:
|
$1,927,000
|
Tailings
Pond Expansion
|
265,000
|
Machinery
and Equipment
|
792,000
|
Mining
Camp Expansion
|
146,000
|
Medical
Facility
|
126,000
|
Mine
Development - San Pablo
|
2,748,000
|
Mine
Expansion - San Pablo East
|
915,000
|
Mine
Expansion – Tres Amigos
|
689,000
|
SIG
Mining Concessions
|
1,273,000
|
Surface
Rights and Permitting
|
238,000
|
Debt
Retirement
|
125,000
|
Legal
Fees
|
1,116,000
|
|
|
Total
|
$10,360,000
|
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
|
85.00%
|
12,636
|
10,740
|
2018
|
52,038
|
9.82
|
86.11%
|
14,147
|
13,418
|
2019
|
66,031
|
5.81
|
86.86%
|
10,646
|
9,713
|
Total
|
193,591
|
9.46
|
84.56%
|
49,760
|
43,847
|
Year
|
High
|
Low
|
Average
|
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
|
2018
|
$1,355
|
$1,178
|
$1,288
|
2019
|
$1,546
|
$1,270
|
$1,393
|
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.)
|
2018
|
52,038
|
9.82
|
86.11%
|
14,147
|
13,418
|
2019
|
66,031
|
5.81
|
86.86%
|
10,646
|
9,713
|
|
2019
|
2018
|
ASSETS
|
|
|
Current
Assets
|
|
|
Cash
and Cash Equivalents
|
$354,572
|
$2,685,576
|
Accounts
Receivable
|
1,103,205
|
1,074,724
|
Inventories
|
523,089
|
1,588,778
|
Foreign
Tax Receivable
|
1,297,387
|
845,564
|
Other
Current Assets
|
336,969
|
372,936
|
Total
Current Assets
|
3,615,222
|
6,567,578
|
|
|
|
Mining
Equipment and Fixtures (Net of Accumulated
|
|
|
Depreciation
of $109,927 and $106,672)
|
9,227
|
12,482
|
Operating
Lease
|
812,861
|
-
|
Mining
Concessions
|
4,132,678
|
4,132,678
|
Investment
in Affiliate
|
70,000
|
70,000
|
Other
Assets
|
99,223
|
96,409
|
|
|
|
TOTAL
ASSETS
|
$8,739,211
|
$10,879,147
|
|
|
|
LIBILITIES
AND STOCKHOLDERS’ EQUITY (DEFICIT)
|
|
|
Current
Liabilities:
|
|
|
Accounts
Payable
|
$2,059,429
|
$1,069,373
|
Accrued
Expenses
|
1,775,404
|
2,782,270
|
Customer
Advances
|
1,000,000
|
1,750,000
|
Due
to Non-Controlling Interest
|
231,500
|
231,500
|
Derivative
Liabilities
|
86,104
|
974,683
|
Convertible
Notes Payable
|
112,500
|
838,125
|
Current
Portion of Operating Lease Payable
|
69,146
|
-
|
Current
Portion of Long-Term Debt
|
1,637,509
|
705,320
|
Total
Current Liabilities
|
6,971,592
|
8,351,271
|
|
|
|
Convertible Notes
Payable
|
765,879
|
-
|
Operating
Lease Payable, Less Current Portion
|
768,684
|
-
|
Long
Term Debt, Less Current Portion
|
634,922
|
1,097,915
|
|
|
|
TOTAL
LIABILITES
|
9,141,077
|
9,449,186
|
|
|
|
Preferred
Stock, Series C, $0.0001 par value, 1,733,221 shares Authorized,
issued and outstanding
|
4,333,053
|
4,333,053
|
COMMITMENTS
AND CONTINGENCIES
|
—
|
—
|
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 17,722,825 issued and outstanding
|
177,228
|
177,228
|
Preferred
Rights
|
40,000
|
40,000
|
Additional
Paid In Capital
|
56,622,159
|
56,622,159
|
Treasury
Stock, 778,980 and 778,980 shares
|
(2,223,891)
|
(2,223,891)
|
Accumulated
Other Comprehensive income
|
325,841
|
1,247,198
|
Accumulated
Deficit
|
(53,952,594)
|
(53,154,259)
|
Total
DynaResource Inc. Stockholders' Equity
|
988,744
|
2,708,436
|
Non-Controlling
Interest
|
(5,723,663)
|
(5,611,528)
|
TOTAL
STOCKHOLDERS' DEFICIT
|
(4,734,919)
|
(2,903,092)
|
|
|
|
TOTAL
LIABILITIES AND STOCKHOLDERS' DEFICIT
|
$8,739,211
|
$10,879,147
|
|
2019
|
2018
|
REVENUE
|
$11,612,722
|
$14,059,697
|
COSTS
AND EXPENSES OF MINING OPERATION
|
|
|
Production
Cost Applicable to Sales
|
1,666,521
|
1,716,721
|
Mine
Production Costs
|
3,557,850
|
2,807,474
|
Mine
Exploration Costs
|
1,486,037
|
3,639,791
|
Mine
Expansion Costs
|
689,405
|
1,466,287
|
Camp,
Warehouse and Facilities
|
2,547,910
|
2,796,279
|
Transportation
|
816,504
|
645,504
|
Property
Holding Costs
|
446,806
|
1,310,220
|
General
and Administrative
|
2,053,083
|
2,203,366
|
Depreciation
and Amortization
|
3,255
|
7,856
|
Total
Operating Expenses
|
13,267,371
|
16,593,498
|
NET
OPERATING LOSS
|
(1,654,649)
|
(2,533,801)
|
|
|
|
OTHER
INCOME (EXPENSE)
|
|
|
Foreign
Currency Gains
|
397,161
|
51,325
|
Gain
on Sale of Assets
|
-
|
23,715
|
Interest
Expense
|
(492,907)
|
(391,757)
|
Derivatives
Mark-to-Market Gain
|
888,579
|
2,206,825
|
Other
Income (Expense)
|
970
|
(323,034)
|
TOTAL
OTHER INCOME
|
793,803
|
1,567,074
|
|
|
|
NET
LOSS BEFORE TAXES
|
(860,846)
|
(966,727)
|
PROVISION
FOR INCOME TAXES
|
—
|
—
|
|
|
|
NET
LOSS
|
$(860,846)
|
$(966,727)
|
|
|
|
DEEMED
DIVIDEND FOR SERIES C PREFERRED
|
(173,320)
|
(173,320)
|
LOSS
ATTRIBUTABLE TO NON-CONTROLLING INTEREST
|
62,511
|
383,630
|
|
|
|
NET
LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS
|
$(971,655)
|
$(756,417)
|
|
|
|
EARNINGS
PER SHARE ATTRIBUTABLE TO THE
|
|
|
EQUITY
HOLDERS OF DYNARESOURCE, INC.
|
|
|
|
|
|
Basic
Loss Per Common Share
|
$(0.05)
|
$(0.04)
|
Weighted
Average Shares Outstanding - Basic
|
17,722,825
|
17,722,825
|
|
|
|
Diluted
Loss Per Common Share
|
$(0.05)
|
$(0.04)
|
Weighted
Average Shares Outstanding - Diluted
|
17,722,825
|
17,722,825
|
|
|
|
OTHER
COMPREHENSIVE INCOME (LOSS)
|
|
|
Foreign
Currency Translation Gain (Loss)
|
(970,981)
|
178,473
|
TOTAL
OTHER COMPREHENSIVE INCOME (LOSS)
|
(970,981)
|
178,473
|
|
|
|
TOTAL
COMPREHENSIVE INCOME (LOSS)
|
$(1,831,827)
|
$(788,254)
|
|
|
|
ATTRIBUTABLE
TO:
|
|
|
EQUITY
HOLDERS OF DYNARESOURCE, INC.
|
$(1,719,692)
|
$(599,293)
|
NON-CONTROLLING
INTEREST
|
$(112,135)
|
$(188,961)
|
|
Preferred
A
|
Common
|
Preferred
|
Preferred
|
Paid
In
|
Treasury
|
Treasury
|
Other
Comp
|
Accumulated
|
Non
Controlling
|
|
||
|
Shares
|
Amount
|
Shares
|
Amount
|
Rights
|
Amount
|
Capital
|
Shares
|
Amount
|
Income
|
Deficit
|
Interests
|
Totals
|
Balance,
December 31, 2017
|
0
|
1
|
17,722,825
|
177,228
|
40,000
|
40,000
|
56,622,159
|
778,980
|
(2,223,891)
|
1,265,853
|
(52,571,162)
|
(5,425,026)
|
(2,114,838)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
Comprehensive Income (Loss)
|
|
|
|
|
|
|
|
|
|
(18,655)
|
|
197,128
|
178,473
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income
(Loss)
|
|
|
|
|
|
|
|
|
|
|
(583,097)
|
(383,630)
|
(966,727)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance,
December 31, 2018
|
0
|
$1
|
17,722,825
|
$177,228
|
|
$40,000
|
$56,622,159
|
$778,980
|
$(2,223,891)
|
$1,247,198
|
$(53,154,259)
|
$(5,611,528)
|
$(2,903,092)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other
Comprehensive Income (Loss)
|
|
|
|
|
|
|
|
|
|
(921,357)
|
|
(49,624)
|
(970,981)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income
(Loss)
|
|
|
|
|
|
|
|
|
|
|
(798,335)
|
(62,511)
|
(860,846)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance,
December 31, 2019
|
0
|
$1
|
17,722,825
|
$177,228
|
|
$40,000
|
$56,622,159
|
$778,980
|
$(2,223,891)
|
$325,841
|
$(53,952,594)
|
$(5,723,663)
|
$(4,734,919)
|
|
2019
|
2018
|
CASH
FLOWS FROM OPERATING ACTIVITES:
|
|
|
Net
Loss
|
$(860,846)
|
$(966,727)
|
Adjustments
to reconcile net loss to cash used in operating
activities
|
|
|
Change
in Derivatives
|
(888,579)
|
(2,206,825)
|
Depreciation
and Amortization
|
3,255
|
7,856
|
Gain
on Sale of Asset
|
-
|
(23,715)
|
Change
in Operating Assets and Liabilities
|
|
|
Accounts
Receivable
|
(28,481)
|
(751,409)
|
Inventories
|
1,065,689
|
(680,796)
|
Foreign
Tax Receivable
|
(451,823)
|
(113,323)
|
Operating
Lease Assets
|
(812,861)
|
-
|
Other
Assets
|
33,153
|
(369,054)
|
Customer
Advances
|
(750,000)
|
1,750,000
|
Accounts
Payable
|
990,056
|
1,480,512
|
Accrued
Expenses
|
(458,753)
|
1,342,339
|
Lease
Liabilities
|
837,830
|
-
|
CASH
FLOWS USED IN OPERATING ACTIVITIES
|
(1,321,360)
|
(531,142)
|
|
|
|
CASH
FLOWS FROM INVESTING ACTIVITIES:
|
|
|
Purchase
of Equipment
|
-
|
(3,931)
|
Disposal
of Equipment
|
-
|
23,715
|
CASH
FLOWS PROVIDED BY INVESTING ACTIVITIES
|
-
|
19,784
|
|
|
|
CASH
FLOWS FROM FINANCING ACTIVITIES:
|
|
|
Payments
of Promissory Notes - Related Parties
|
-
|
(112,500)
|
Payments
of Long-Term Debt
|
(111,977)
|
(399,636)
|
CASH
FLOWS USED IN FINANCING ACTIVITIES
|
(111,977)
|
(512,136)
|
|
|
|
Effects
of Foreign Exchange
|
(897,667)
|
180,335
|
|
|
|
NET
DECREASE CASH AND CASH EQUIVILANTS
|
(2,331,004)
|
(843,159)
|
CASH
AND
CASH EQUIVILANTS AT BEGINNING OF PERIOD
|
2,685,576
|
3,528,735
|
CASH
AND
CASH EQUIVILANTS AT END OF PERIOD
|
$354,572
|
$2,685,576
|
|
|
|
SUPPLEMENTAL
DISCLOSURES
|
|
|
Cash
Paid for Interest
|
$196,327
|
$396,748
|
Cash
Paid for Income Taxes
|
$—
|
$—
|
NON-CASH
TRANSACTION
|
|
|
Conversion
of Accounts Payable to Long-Term Debt
|
$507,859
|
$1,833,698
|
Accrued
Interest Rolled into Notes Payable
|
$40,254
|
$-
|
|
|
Dec 31,
2019
|
Dec 31,
2018
|
Current
exchange rate
|
Pesos
|
18.86
|
19.63
|
Weighted
average exchange rate for the period ended
|
Pesos
|
19.25
|
19.23
|
|
Years ended
December 31
|
|
|
2019
|
2018
|
Net loss
attributable to common shareholders
|
$(971,655)
|
$(756,417)
|
Shares:
|
|
|
Weighted average
number of common shares outstanding, Basic
|
17,722,825
|
17,722,825
|
|
|
|
Weighted average
number of common shares outstanding, Diluted
|
17,722,825
|
17,722,825
|
|
|
|
Basic loss per
share
|
$(0.05)
|
$(0.04)
|
|
|
|
Diluted loss per
share
|
$(0.05)
|
$(0.04)
|
|
2019
|
2018
|
|
|
|
Mined
Tonnage, Gold-Silver Concentrates, and/or Gravity Tailings
(Flotation Feed Material)
|
$523,089
|
$1,588,778
|
Total
Inventories
|
$523,089
|
$1,588,778
|
|
2019
|
2018
|
|
|
|
Leasehold
improvements
|
$9,340
|
$9,340
|
Office
equipment
|
31,012
|
31,012
|
Office
furniture and fixtures
|
78,802
|
78,802
|
Sub-total
|
119,154
|
119,154
|
Less:
Accumulated depreciation
|
(109,927)
|
(106,672)
|
Total
Property
|
$9,227
|
$12,482
|
|
2019
|
2018
|
San
Jose de Gracia (“SJG”):
|
|
|
|
|
|
Total
Mining Concessions
|
$4,132,678
|
$4,132,678
|
Deferred
Tax Asset Related to:
|
|
|
|
2019
|
2018
|
Prior
Year
|
$13,343,134
|
$12,549,746
|
Tax
(Expense) Benefit for Current Year
|
437,596
|
793,388
|
Total
Deferred Tax Asset
|
13,780,730
|
13,343,134
|
Less:
Valuation Allowance
|
(13,780,730)
|
(13,343,134)
|
Net
Deferred Tax Asset
|
$—
|
$—
|
|
2019
|
2018
|
Tax
Expense (Benefit) at Statutory Rates
|
$(215,211)
|
$(241,682)
|
Other
Permanent Differences
|
(222,145)
|
(551,706)
|
Change
in Valuation Allowance
|
437,596
|
793,388
|
Provision
for (Benefit from) Income Taxes, Net
|
$—
|
$—
|
|
Preferred Series
C
|
|
|
Carrying
Value, December 31, 2017
|
$4,333,053
|
Issuances
at Fair Value, Net of Issuance Costs
|
—
|
Bifurcation
of Derivative Liability
|
—
|
Relative
Fair Value of Warrants – Preferred Stock
Discount
|
—
|
Accretion
of Preferred Stock to Redemption Value
|
—
|
Carrying
Value, December 31, 2018
|
4,333,053
|
|
|
Issuances
at Fair Value, Net of Issuance Costs
|
—
|
Bifurcation
of Derivative Liability
|
—
|
Relative
Fair Value of Warrants – Preferred Stock
Discount
|
—
|
Accretion
of Preferred Stock to Redemption Value
|
—
|
Carrying
Value, December 31, 2019
|
$4,333,053
|
|
Number of
Shares
|
Weighted Average
Exercise Price
|
Weighted Average
Remaining Contractual Life (Years)
|
Intrinsic
Value
|
Balance at
December 31, 2017
|
2,166,527
|
$2.45
|
2.51
|
$-
|
Granted
|
-
|
$-
|
|
$-
|
Exercised
|
-
|
$-
|
|
$-
|
Forfeited
|
-
|
$-
|
|
$-
|
Balance at
December 31, 2018
|
2,166,527
|
$2.45
|
1.51
|
$-
|
Granted
|
-
|
$-
|
|
$-
|
Exercised
|
-
|
$-
|
|
$-
|
Forfeited
|
-
|
$-
|
|
$-
|
Balance at
December 31, 2019
|
2,166,527
|
$2.45
|
0.51
|
$-
|
Exercisable at
December 31, 2019
|
2,166,527
|
$2.45
|
0.51
|
$-
|
|
Year
Ended
December
31,
2019
|
Operating Lease
– Office Lease
|
$82,625
|
Operating Lease
– Ground Lease
|
86,091
|
Short Term Lease
Costs
|
10,071
|
Variable Lease
Costs
|
—
|
TOTAL
|
$178,787
|
Weighted Average
Remaining Lease Term (Years) – Operating Leases
|
11.00
|
Weighted Average
Discount Rate – Operating Leases
|
12.50%
|
YEAR
|
|
2020
|
$156,280
|
2021
|
158,086
|
2022
|
145,043
|
2023
|
79,425
|
2024
|
72,000
|
Thereafter
|
792,000
|
Total
|
$1,402,834
|
Less Imputed
Interest
|
(565,004)
|
RIGHT
OF USE LIABILITY
|
$837,830
|
|
2019
|
|
2018
|
Annual
volatility rate
|
144%
|
|
86%
|
Risk
free rate
|
1.58%
|
|
2.48%
|
Remaining
Term
|
0.5 years
|
|
1.5 years
|
Fair
Value of common stock
|
$0.47
|
|
$1.20
|
Year Ended
|
2019
|
2018
|
Fair value of
derivative (stock), beginning of year
|
$402,909
|
$1,531,789
|
Change in fair
value of derivative
|
(365,871)
|
(1,128,880)
|
Fair value of
derivative on the date of issuance
|
-
|
-
|
Fair value of
derivative(stock), end of year
|
$37,038
|
$402,909
|
|
2019
|
2018
|
Annual volatility
rate
|
144%
|
86%
|
Risk free
rate
|
1.58%
|
2.48%
|
Remaining Term
|
0.5
|
1.5
|
Fair Value of
common stock
|
$0.47
|
$1.20
|
Year
Ended
|
2019
|
2018
|
Fair value of
derivative (warrants), beginning of year
|
$571,774
|
$1,649,719
|
Change in fair
value of derivative
|
(522,708)
|
(1,077,945)
|
Fair value of
derivative on the date of issuance
|
—
|
—
|
Fair value of
derivative(warrants), end of year
|
$49,066
|
$571,774
|
|
Year
Ended
December
31,
2019
|
Year
Ended
December
31,
2018
|
Beginning
balance
|
$(5,611,528)
|
$(5,425,026)
|
Operating
income (loss)
|
(62,511)
|
(383,630)
|
Share
of Other Comprehensive Income (loss)
|
(49,624)
|
197,128
|
Ending
balance
|
$(5,723,663)
|
$(5,611,528)
|
Fair
Value Measurement at December 31, 2019 Using:
|
|
Quoted
Prices in Active Markets For Identical Assets (Level
1)
|
Significant
Other Observable Inputs (Level 2)
|
Significant
Unobservable Inputs (Level 3)
|
|
|
|
|
|
Assets:
|
|
|
|
|
None
|
-
|
-
|
-
|
-
|
Totals
|
$-
|
$-
|
$-
|
$-
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
Derivative
Liabilities
|
$86,104
|
-
|
-
|
86,104
|
Totals
|
$86,104
|
$-
|
$-
|
$86,104
|
Fair
Value Measurement at December 31, 2018 Using:
|
|
|
|
|
Assets:
|
|
|
|
|
None
|
-
|
-
|
-
|
-
|
Totals
|
$-
|
$-
|
$-
|
$-
|
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
Derivative
Liabilities
|
$974,683
|
-
|
-
|
974,683
|
Totals
|
$974,683
|
$-
|
$-
|
$974,683
|
Balance
at December 31, 2017
|
$367,311
|
|
|
Exchange
Rate Adjustment
|
1,861
|
Property
Holding Taxes January 1, 2016 – June 30, 2018
|
2,292,122
|
Initial
payment of 20%
|
(458,423)
|
2018
principal payments
|
(399,636)
|
Balance
at December 31, 2018
|
1,803,235
|
|
|
Exchange
Rate Adjustment
|
73,314
|
Property
Holding Taxes – July 1, 2018 – Dec 31, 2018 & Core
Concessions
|
634,824
|
Initial
payment of 20%
|
(126,965)
|
2019
principal payments
|
(111,977)
|
Balance
at December 31, 2019
|
$2,272,431
|
At
December 31, 2019 future maturities of notes payable are as follows
Year Ending December 31:
|
|
2020
|
$1,637,509
|
2021
|
532,069
|
2022
|
102,853
|
Total
|
$2,272,432
|
Name
|
|
Age
|
|
Position
|
|
Held Since
|
K. W.
(“K.D.”) Diepholz
|
|
62
|
|
Chairman
of The Board
|
|
May
1995
|
222 W.
Las Colinas Blvd
Suite
1910 N. Tower
|
|
|
|
CEO/President;
CFO;
Treasurer;
|
|
May
1997
May
1997
|
Irving,
Texas 75039
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dr.
Jose Vargas Lugo
|
|
59
|
|
Director
of Operations - México, President - México
|
|
August
2011
|
Enrique
Dunant Y5 de Mayo #963
|
|
|
|
Director;
|
|
August
2013
|
Fracc,
Los Parques
|
|
|
|
|
|
|
Guamuchil,
Sin CP 81460
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pedro
Ignacio Teran Cruz
Sierra
Grande #134
|
|
60
|
|
Executive
Vice President, Director of Exploration and Resource
Development;
|
|
2008-2013;
|
Fraccionamiento
Lomas de Mazatlán, Mazatlán, Sinaloa 82110
|
|
|
|
Board
Member
|
|
March
2016
|
|
|
|
|
|
|
|
John C.
Wasserman
222 W.
Las Colinas Blvd.
Suite
1910 North Tower
Irving,
Texas 75039
|
|
80
|
|
Independent
Director
|
|
December,
2014
|
|
|
|
|
|
|
|
Dale G.
Petrini
222 W.
Las Colinas Blvd.
|
|
65
|
|
Independent
Director
|
|
December
2016
|
Suite
1901 North Tower
|
|
|
|
|
|
|
Irving,
TX. 75039
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Philip
K. Rose
|
|
31
|
|
Independent
Director
|
|
July
2015
|
222 W.
Las Colinas Blvd.
|
|
|
|
|
|
|
Suite
1910 North Tower
|
|
|
|
|
|
|
Irving,
TX. 75039
|
|
|
|
|
|
|
Bradford
J. Saulter
|
|
60
|
|
Vice
President – Investor Relations
|
|
May
1998
|
7618
Straits Lane
|
|
|
|
|
|
|
Rowlett,
Texas 75088
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rene
L.F. Mladosich
Sierra
Grande #134
Fraccionamiento
Lomas de Mazatlán, Mazatlán, Sinaloa 82110
|
|
57
|
|
General Manager at
San Jose de Gracía
|
|
October
2019
|
|
|
|
|
|
|
|
Praxedis
Martinez
Sierra
Grande #134
Fraccionamiento
Lomas de Mazatlán, Mazatlán, Sinaloa 82110
|
|
72
|
|
Senior Consultant
– Plant Operations
|
|
July
2017
|
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,
|
|
2019
|
|
$250,000
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
CEO/President
|
|
2018
|
|
$250,000
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dr.
Jose Vargas Lugo; EVP.,
|
|
2019
|
|
$90,000
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
President
of México Operation
|
|
2018
|
|
$90,000
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Eduardo
Luna
|
|
2019
|
|
$27,778
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
Sr.
Advisor to
|
|
2018
|
|
$166,670
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
President
of Mineras de DynaResource
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rene
L.F. Mladosich;
|
|
2019
|
|
$40,000
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
GM of
San Jose de Gracía Project
|
|
2018
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pedro
Ignacio Teran Cruz,
|
|
2019
|
|
$120,000
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
Dir. of
Exp. and Dev.
Bradford
J. Saulter
VP., Investor
Relations
|
|
2018
2019
2018
|
|
$120,000
$90,000
$90,000
|
|
None
None
None
|
|
None
None
None
|
|
None
None
None
|
|
None
None
None
|
|
None
None
None
|
|
None
None
$20,000
|
David
Orta
|
|
2019
|
|
$24,000
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
Controller
Dyna USA
|
|
2018
|
|
$125,000
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
None
|
|
|
|
Option
Award
|
|
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 Gracía Project (2016-2017; 2019)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pedro
Ignacio Teran Cruz; Dir. of Expl.
|
|
None
|
|
None
|
|
None
|
|
N/A
|
|
N/A
|
|
None
|
|
|
|
|
|
|
|
|
|
|
|
|
|
David
Orta
|
|
None
|
|
None
|
|
None
|
|
N/A
|
|
N/A
|
|
|
Controller
Dyna USA
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
10.49%
|
Common
Stock
|
|
Mineras
de DynaResource
SA de
CV.
|
|
CP
82110, Mazatlán, Sinaloa, México
|
|
504,300
|
|
2.8%
|
Common
Stock
|
|
Gareth
Nichol
|
|
Denver,
Colorado
|
|
2,333,333
|
|
13.13%
|
Common
Stock
|
|
Dr.
Jose Vargas Lugo
EVP,
Director
|
|
Plutarco
Elías Calles 47
Guamúchil
Sin. Mex. 81450
|
|
274,508
|
|
1.54%
|
|
|
|
|
|
|
|
|
|
Common
Stock
|
|
Pedro
I. Teran Cruz
EVP;
Director
|
|
Hermosillo,
Sonora México
|
|
37,500
|
|
0.21%
|
Common
Stock
|
|
Bradford
J. Saulter
VP.,
Investor Relations
|
|
222 W.
Las Colinas Blvd.
Suite
1910 North Tower
Irving,
Texas 75039
|
|
124,439
|
|
0.70%
|
Common
Stock
|
|
John C.
Wasserman
Director;
|
|
Waterville,
Ohio 43566
|
|
134,389
|
|
.076%
|
Common
Stock
|
|
Dale G.
Petrini
Director
|
|
Houston,
Texas 77027
|
|
156,330
|
|
0.88%
|
**
|
|
Philip
A. Rose (2)
Director
|
|
Westlake,
Texas
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
All
Officers, Directors and Beneficial owners as a Group (10
holders)
|
|
|
|
5,429,899
|
|
30.55%
|
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.
|
Exhibit Number;
|
Name of Exhibit
|
|
|
Certification of
Chief Executive Officer, pursuant to Rule 13a-14(a) of the Exchange
Act, as enacted by Section 302 of the Sarbanes-Oxley Act of
2002
|
|
|
|
Certification of
Chief Financial Officer, pursuant to Rule 13a-14(a) of the Exchange
Act, as enacted by Section 302 of the Sarbanes-Oxley Act of
2002.
|
|
|
|
Certification of
Chief Executive Officer and Chief Financial Officer, pursuant to 18
United States Code Section 1350, as enacted by Section 906 of the
Sarbanes-Oxley Act of 2002.
|
|
DYNARESOURCE,
INC.
|
|
|
|
|
|
|
Dated: June
9, 2020
|
By:
|
/s/ K.W.
(“K.D.”) DIEPHOLZ
|
|
|
|
K.W. (K.D.)
Diepholz, Chairman of the Board of
Directors and Chief Executive Officer
|
|
|
|
|
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
/s/
K.W. (“K.D.”) DIEPHOLZ
|
|
Chairman
of the Board of Directors and Chief Executive Officer (Principal
Executive Officer)
|
|
June 9,
2020
|
K.W.
(K.D.) Diepholz
|
|
|
|
|
|
|
|
|
|
/s/
K.W. (“K.D.”) DIEPHOLZ
|
|
Acting
Chief Financial Officer (Principal Financial and Accounting
Officer)
|
|
June 9,
2020
|
K.W.
(K.D.) Diepholz
|
|
|
|
|
1 Year Dynaresource (QX) Chart |
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