OrbitonOpen research workspace →
Denarius Metals logo

Denarius Metals

NEO:DMETLive AI agent

Denarius is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of mining projects in high-grade districts, with its principal focus on the Lomero-Poyatos Project in Spain and the Guia Antigua Project in Colombia.

Investor website: https://denariusmetals.com/

About

Denarius is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of mining projects in high-grade districts, with its principal focus on the Lomero-Poyatos Project in Spain and the Guia Antigua Project in Colombia. The Company also owns the Zancudo Project in Colombia which is currently being explored by IAMGOLD Corp. pursuant to an option agreement for the exploration and potential purchase of an interest in the project.

Verified company data

Cash position
~$17.9M
Shares outstanding
207,621,865
Fully diluted shares
347637279
Mineral resource
The PEA is based on the MRE announced by the Company on September 5, 2023 for the Zancudo deposit with an effective date of July 31, 2023. The MRE is based on the most recent interpretation of ten geological domains of the Project. Five domains representing the sub-horizontal Manto and five domains representing various steeply dipping mineralized veins throughout the Project. These mineralized zones have been analyzed for grade capping and compositing for statistical analysis, geostatistical analysis, block modeling and grade interpolations using industry accepted standards. Mineral resources in this news release were estimated in accordance with the Canadian Institute on Mining, Metallurgy and Petroleum (“CIM”) Definition Standards for Mineral Resources and Reserves, prepared by the CIM Standing Committee on Reserve Definitions and adopted by the CIM Council on May 14, 2014. The total MRE for the Zancudo deposit has been classified as inferred mineral resources.
Projects
["Denarius Metals Corp. (TSXV: DSLV) (OTCQX: DNRSF) (“Denarius Metals” or the “Company”) today announced the results of a Preliminary Economic Assessment (“PEA”) for its 100%-owned Zancudo Project (the “Project”), which includes the historic producing underground Independencia Mine, located in the Municipality of Titiribi, Department of Antioquia, Republic of Colombia, approximately 30km southwest of Medellin. The PEA was prepared in accordance with the Canadian Institute of Mining Metallurgy and Petroleum (“CIM”) Definition Standards incorporated by reference in National Instrument 43-101 (“NI 43-101”) with an effective date of October 24, 2023. The PEA affirms the robust economic viability of our planned underground mining operation at our Zancudo Project, generating near-term production and cash flow from a long-life asset yielding attractive returns for our shareholders. Material will be mined by a local mining contractor commencing in 2024 and processed by the Company through conventional crushing and milling facilities, initially at a rate of 500 tonnes per day (“tpd”) and increasing to 1,000 tpd in 2025, to generate a high-grade gold-silver concentrate. The PEA, based on the Mineral Resource estimate (“MRE”) announced by the Company on September 5, 2023, envisions a 10-year mine life over which the Company expects to generate net revenue of approximately US$1.0 billion from the sale of approximately 576,000 payable ounces of gold and 8.8 million payable ounces of silver at a life-of-mine (“LOM”) average all-in sustaining cost (“AISC”) of US$1,059 per ounce of gold. The Zancudo deposit remains open for further expansion in all directions and we expect to commence a 10,000 meters drilling program by the end of this year."]
Leadership
Serafino Iacono (Executive Chairman and CEO, Experienced leader in the mining sector with a strong track record in corporate governance and strategic planning.), Paul Sparkes (Lead Independent Director, Board member since 2020.), Mateo Restrepo Villegas (Director, Managing Partner of Impact Capital with extensive experience in mining, infrastructure, banking, and government relations. Previously served as President of Continental Gold Inc. and holds a Masters in Public Administration from Harvard University.)

Verified data last updated:

Recent filings

Investor FAQ