San Jose de Gracia
Project Overview
The San Jose de Gracia gold-silver mine located 235 miles northwest of Mazatlán, Mexico, in the center of the Sierra Madre Occidental belt.
The Mine has been in operation for 9 years with production reaching 25,500 gold ozs (800 tpd) in 2024.
The district scale San Jose de Gracia land package consists of 33 contiguous concessions totaling over 10,000 ha.
Hosts a Proven & Probable Mineral Reserves of 1,607 k tonnes at 4.91 g/t gold, totaling 253,000 gold ounces / Indicated Mineral Resource of 286 k tonnes at 6.74 g/t gold and Inferred Mineral Resource of 97 k tonnes at 4.37 g/t gold.
Production Highlights
Production began in 2016 with throughput rate of 100tpd growing to approx. 800tpd in 2024
2024 full year production of 25,677 ounces of gold fell within the Company’s updated guidance
Gold production increased from 10,836 ounces in first year of production to 31,905 in 2022
Q4 2024 demonstrated a return to profitability for the mine through optimized operations
2025 production guidance 27,000-30,000 gold ounces
Two new ball mills have been installed in a newly constructed processing plant facility, which has increased the capacity of the operating facility to over 800 tons per 24-hour day.
Test mining activity has increased from 100 tons per day to current approximately 750 tons per day, and we are currently developing access to an additional test mining area which should increase our test mining volume capacity to over 1,000 tons per 24-hour day in the coming year.
And continuing exploratory drilling in high-priority areas is projected to increase gold resources both underground and near the surface, and is project also to define additional high priority areas for future test mining and expected to define areas of open pit operations as well.
Operations
Stage
Production, Development, Exploration
Location
In the center of the Sierra Madre Occidental belt, 235 miles northwest of Mazatlán, Mexico
Metals
Gold
Products
Gold-silver concentrates
Ownership
SJG Project is wholly owned by DynaResource, Inc.’s wholly owned subsidiary – DynaResource de Mexico SA de CV (“DynaMéxico”)
Land Position
Approximately 120 kilometers east-northeast of the coastal city of Los Mochis
2024 Production (Actual)
257,676 tons of milled throughput
25,677 oz gold produced
2025 Production (Guidance)
27,000-30,000 oz gold produced
2025 Mineral Reserve & Resource Estimate
Proven & Probable Mineral Reserves of 1,607 k tonnes at 4.91 g/t gold, totaling 253,000 gold ounces
Indicated Mineral Resource of 286 k tonnes at 6.74 g/t gold
Inferred Mineral Resource of 97 k tonnes at 4.37 g/t gold.
Community
The San Jose de Gracia community is home to DynaMéxico activities. We’ve devoted significant capital and resources to ensuring our project is a good neighbor to the surrounding villages to SJG.
Economic Impact
Employees from SJG make a competitive wage to support their families safely and comfortably.
Social Impact
- DynaResource has constructed and donated a hospital to the SJG community.
- Contributed funds for repairs and upgrades to the local church and school.
- Funded and constructed roads within the community and improved and constructed a road from Sinaloa de Leyva to SJG, a distance of over 60 kilometers.
Educational Impact
DynaResource has donated funds to local schools and has contributed to education and business training for adults, creating new opportunities for local residents.
Community Health Impact
We’ve funded and constructed a local medical clinic, and donated the clinic to the SJG community, improving the quality of health care available to the community and surrounding areas.
Our Project
At Work
The project is located in the area surrounding the small mountain village community of San Jose de Gracia in northern Sinaloa state, Mexico.
Environment
DynaResource exercises every precaution to maintain a healthy working and social environment.
DynaResource operates within the boundaries of the General Law of Ecological Balance and Protection to the Environment, the Residues Law, and the 2020 Forestry Law. Our landscape restoration program mitigates our impact on the landscape continuously.
A culture of continuous improvement helps to reduce our environmental footprint. Investing in newer equipment improves energy efficiency and reduces emissions. We strive to reduce waste and use all our resources in an environmentally responsible way.
Technical Reports
San Jose de Gracia Gold Project S-K 1300 Technical Summary, Sinaloa, Mexico – Effective Date; March 24, 2025