Northwire Canada EditionSunday, August 2, 2026
Sign inSubscribe
Northwire
⌕
S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Financings

DENARIUS METALS ANNOUNCES 2025 PRODUCTION RESULTS FOR ITS ZANCUDO PROJECT; EXPIRING 2026 WARRANTS STARTING TO BE EXERCISED

By The Northwire Desk — AI Analysis Jan 20, 2026 · 07:00 DMET · 0.7 DENARIUS METALS CORP.
DMET · Price

Executive Summary

  • Denarius Metals reported its 2025 early‑production results from the Zancudo gold‑silver project, delivering 2,093 t of crushed material with average grades of 8 g/t Au and 224.8 g/t Ag, generating approximately US$1.7 M in revenue.
  • The company disclosed that warrants expiring March 2 2026 and April 4 2026 were exercised for 1,640,255 shares (CA$0.60 exercise price) plus additional exercises of 418,000 shares at CA$0.66, raising roughly CA$1.4 M in gross proceeds; 300,000 stock options at CA$0.52 were also exercised.
  • Construction of a new 1,000 tpd processing plant is on track for commissioning in Q3 2026, and the firm expects to transition to high‑grade gold‑silver concentrate shipments in the second half of 2026.

Key Details

  • Production Volume & Grades – Total crushed material shipped to Trafigura: 2,093 t (June–Dec 2025).
  • Average grades: 8 g/t Au; 224.8 g/t Ag.

  • Contained metals: ~538 oz Au and 15,129 oz Ag.

  • Revenue & Payability – Approx. US$1.7 M revenue for 2025.

  • Trafigura paid for 340 oz Au and 5,770 oz Ag (payability rates 30‑70% Au, 20‑40% Ag).

  • Expected payability on future concentrate shipments: 86‑90% Au, 35‑45% Ag.

  • Processing Plant – New 1,000 tpd plant under construction; commissioning targeted for Q3 2026.

  • Warrant & Option Exercises –

  • Warrants (expiring Mar 2 2026 & Apr 4 2026) exercised: 1,640,255 shares @ CA$0.60.
  • Warrants (expiring Jun 20 2030) exercised: 418,000 shares @ CA$0.66.
  • Stock options exercised: 300,000 shares @ CA$0.52 (departing manager).

  • Gross proceeds from all exercises: ~CA$1.4 M.

  • Outstanding Capital Structure – Total warrants issued/outstanding: 37,732,046 (expiring Mar 2 2026 & Apr 4 2026).

  • Shares outstanding as of Jan 19 2026: 153,786,093; market cap ≈ CA$107.7 M.

  • Future Outlook – Anticipated transition to conventional, semi‑mechanized mining and concentrate production in H2 2026; expects a “transformational” year with higher-grade output and improved payability rates.

Notable Quotes

“2025 marked the beginning of operations at Colombia's newest gold mine… As development opens up new fronts in 2026 and we transition to producing high‑grade gold‑silver concentrates in the second half of 2026, we expect this to be a transformational year for Denarius Metals.” – Serafino Iacono, Executive Chairman.

Read the original news release →

More from DENARIUS METALS CORP.

Jun 25, 2026 · 17:38

Consent solicitation to retire convertible debentures via ~225.5M share issuance eliminates future cash burdens but introduces severe dilution to existing shareholders.

Other Jun 18, 2026 · 07:00

DENARIUS METALS ANNOUNCES US$7 MILLION UPSIZING OF ITS PREPAYMENT FACILITY WITH TRAFIGURA TO FUND EXPLORATION AND THE ACCELERATION OF DEVELOPMENT ACTIVITIES AT ITS ZANCUDO PROJECT

Financings Jun 03, 2026 · 07:00

Denarius Metals Trades Toxic Convertibles for Massive Dilution to Preserve Cash and Avoid Going Concern

Financings May 07, 2026 · 17:00

Denarius Metals Inks Saudi Strategic Alliance with ProGrowth Equity Stake, Cementing Arabian Shield Foothold

M&A / Property May 06, 2026 · 22:49

Denarius drops offer for Emerita Resources acquisition

M&A / Property May 06, 2026 · 18:45

Emerging Gold-Silver Producer with Spanish Assets

M&A / Property