Welcome to our dedicated page for Denarius Silver news (Ticker: DNRSF), a resource for investors and traders seeking the latest updates and insights on Denarius Silver stock.
Denarius Metals Corp. reports developments tied to its precious metals and polymetallic mining portfolio in Colombia and Spain. The company is a Canadian junior mining issuer with the producing Zancudo gold-silver mine in Colombia and the Aguablanca nickel-copper project in Spain, and its securities trade on Cboe Canada under DMET and on the OTCQX Market under DNRSF.
Recurring news includes operating and financial results, annual disclosure filings, material agreements, shareholder voting and governance matters, and capital-structure updates. Company announcements also cover convertible unsecured debenture interest payments, gold premium payments, warrant exercises, and portfolio-scale initiatives across gold, silver and critical-minerals projects.
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Denarius Metals Corp. (OTCQB: DNRSF) has completed its maiden Mineral Resource estimate (MRE) for the Zancudo Project in Colombia. The estimate, prepared by SRK Consulting, reveals Inferred Resources of 2.8 million tonnes at a grade of 6.5 g/t gold and 112 g/t silver, totaling 576,000 ounces of gold and 10 million ounces of silver. The project aims for near-term production with local contract miners while focusing on exploration for long-term growth. Denarius also terminated the Guia Antigua license agreement with Aris Mining, securing approximately US$2.2 million to fund initial investments in Zancudo, including infrastructure improvements.
Denarius Metals Corp. reported its unaudited interim financial results for the three and nine months ending September 30, 2022. The company incurred a net loss of $0.7 million ($0.03 per share) for Q3 2022, and $2.3 million ($0.11 per share) for the nine months, significantly improved from a loss of $23.4 million in the same period last year. A total of $7 million was spent on exploration, mainly at the Lomero Project. Denarius has an initial mineral resource estimate of 10.66 million tonnes at the Lomero Project and requires additional capital for further operations.
Denarius Metals Corp. has entered a definitive option agreement with Europa Metals Ltd. to acquire up to an 80% interest in the Toral Zn-Pb-Ag Project in Spain. The first phase allows Denarius to acquire a 51% equity interest by investing $4 million over three years, including a mining license application by July 31, 2023. A second option permits acquiring an additional 29% interest post a prefeasibility study for $2 million. Denarius will also pay a $300,000 finder's fee through the issuance of shares. The project shows promise due to its location in a historically rich mining area.