Denarius Silver Stock Price, News & Analysis

Denarius Metals (OTCQX: DNRSF) reported 2025 early production results from its 100%‑owned Zancudo Project in Colombia. The company delivered 2,093 tonnes of crushed material to Trafigura with average head grades of 8 g/t Au and 224.8 g/t Ag, containing ~538 oz gold and 15,129 oz silver. Paid metal was lower during the early phase: 340 oz gold and 5,770 oz silver, generating approximately US$1.7M revenue in 2025. A 1,000 tpd processing plant is advancing with commissioning guidance for Q3 2026. The company issued shares from warrant and option exercises, raising ~CA$1.4M, and has 153,786,093 shares outstanding (market cap ~CA$107.7M).

Denarius Metals (OTCQX: DNRSF) announced details for the monthly interest payments due December 31, 2025 on its convertible unsecured debentures due October 19, 2029 (2023 Debentures) and May 30, 2030 (2024 Debentures).

The company will issue a total of 550,949 common shares in settlement of the interest payable on that date, comprised of 320,752 shares for the 2023 Debentures and 223,197 shares for the 2024 Debentures. The calculation uses a monthly measurement closing price of CA$0.62 per share on December 16, 2025.

The issuance is subject to acceptance by Cboe Canada. Four named insiders will receive a combined 141,092 shares in settlement of interest on their holdings.

Denarius Metals (OTCQX: DNRSF) filed a National Instrument 43-101 technical report supporting an updated Mineral Resource estimate for its 100%‑owned Zancudo Project in Titiribí, Antioquia, Colombia.

The report, titled Technical Report for the Zancudo Gold‑Silver Mineral Deposit, has an effective date of October 31, 2025, was prepared by Resource Development Associates, and supports disclosures made on November 3, 2025. The report is available on the company website and on SEDAR+.

Denarius Metals (OTCQX: DNRSF) announced details for the November 30, 2025 interest payments on its convertible unsecured debentures due Oct 19, 2029 (2023 Debentures) and May 30, 2030 (2024 Debentures).

The company will issue common shares on December 1, 2025 to settle interest totaling CA$341,589, equivalent to 656,900 shares based on the CA$0.52 monthly measurement price on Nov 14, 2025. Principal outstanding was CA$34,158,874 combined (CA$19,886,560 for 2023 Debentures; CA$14,272,314 for 2024 Debentures). Issuance is subject to acceptance by Cboe Canada. Four executives will receive an aggregate of 168,226 shares in settlement of their interest holdings.

Denarius Metals (OTCQX: DNRSF) filed unaudited interim condensed consolidated financial statements and MD&A for the three and nine months ended September 30, 2025.

The Zancudo Project commenced mining in Q2 2025 with 878 tonnes shipped to Trafigura through Sept 30, 2025 containing ~207 oz gold and ~4,641 oz silver; the company received payment for 126 oz gold and 1,694 oz silver under reduced early-production payability rates. Average realized gold price NG was $3,460/oz and total cash cost NG was $2,500/oz, generating ~$0.5M revenue and a margin of $960/oz (~28%).

An updated MRE (Oct 31, 2025) reports Indicated 979,000 t @ 6.9 g/t Au (217,000 oz) and Inferred 4.6M t @ 5.6 g/t Au (832,000 oz). The processing plant industrial permit was approved and is expected to be operational by end-Q2 2026. Cash at Sept 30, 2025 was $1.0M; the company received $5.0M to date under a Trafigura prepayment facility and announced private placements up to CA$12.75M.

Denarius Metals (OTCQX: DNRSF) reported an updated Mineral Resource Estimate for the Zancudo Project effective Oct 31, 2025, converting 979 kt to Indicated at 6.9 g/t Au and 84 g/t Ag (217 koz Au, 2.7 Moz Ag) and reporting 4.636 Mt Inferred at 5.58 g/t Au and 84 g/t Ag (832 koz Au, 12.5 Moz Ag). The update reflects 47,329 m of drilling and a 2024 in-fill program that converted ~23% of gold-equivalent resources to Indicated and increased inferred tonnage by 13%. Zancudo is permitted to begin concentrate production next year and construction of a 1,000 tpd flotation plant is underway. Denarius plans a 15,000 m drill campaign starting by year-end 2025 to further convert and expand resources.

Denarius Metals (OTCQX: DNRSF) announced details for the October 31, 2025 monthly interest payments on its convertible unsecured debentures due October 19, 2029 (2023 Debentures) and May 30, 2030 (2024 Debentures).

The company will settle interest by issuing 621,068 common shares representing CA$341,589 of interest payable, based on a Monthly Measurement Date closing price of CA$0.55 per share on October 16, 2025. Principal outstanding totals CA$34,158,874 (CA$19,886,560 for 2023 Debentures; CA$14,272,314 for 2024 Debentures).

The issuance is subject to Cboe Canada acceptance. Executive shareholders will receive an aggregate 159,051 common shares in settlement of interest on their holdings.

Denarius Metals (OTCQX: DNRSF) received a 30-year Industrial Facility Permit for its Zancudo Project, enabling construction of a 1,000 tonnes per day processing plant expected to begin operations before the end of Q2 2026.

The permit triggers a US$2.5M second advance under a US$9.0M Trafigura prepayment facility. Early production began April 2025: ~1,200 tonnes mined, 878 tonnes shipped with average grades of 7.3 g/t Au and 164.5 g/t Ag (≈207 oz Au, 4,641 oz Ag contained); payments received covered ~126 oz Au and 1,694 oz Ag to Sept 2025. Concentrates will be sold to Trafigura with higher future payability rates.

Denarius Metals (OTCQX:DNRSF) has secured the Cruzadillo Investigation Permit from the Ministry of Industrial Policy and Energy of Huelva, Andalusia. The permit covers approximately 60 hectares near the company's Lomero Project, expanding Denarius' total property holdings in the Iberian Pyrite Belt to 665 hectares.

The Cruzadillo area has historical significance, with mining activities dating back to 1882. The site contains multiple ore lenses and historical mining infrastructure, including a 50m deep exploration shaft. The permit's strategic location provides the company with legal coverage over an additional 141 hectares through "Demasias" rights.

Denarius plans to conduct systematic exploration activities and a drilling campaign in 2026 to test for polymetallic bodies that could potentially increase the Lomero Project's current mineral resources.