Denarius Metals Corp.
Zancudo Production Imminent, Strengthens Balance Sheet
Published: 1/22/2025
Author: FRC Analysts
Sector: Basic Materials | Industry: Other Precious Metals & Mining
Ticker Symbols:DMET.NE - NEO 🔹DNRSF - OTCQX 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.69 |
| Fair Value | CAD $1.81 |
| Risk | 5 |
| 52 Week Range | CAD $0.40-0.88 |
| Shares O/S (M) | N/A |
| Market Cap. (M) | CAD $ |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 1.2 |
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Report Highlights
- Earlier this month, DMET announced the approval of its Environmental Impact Study (EIS) for the Zancudo gold-silver project in Colombia. The company is targeting production to begin by the end of this quarter. A 2023 Preliminary Economic Assessment (PEA) retuned an AT-NPV5% of $206M, and a very high AT-IRR of 287%, using $1,800/oz gold vs a spot price of $2,740/oz.
- The company sold a 29% stake in the Aguablanca project in Spain back to its local partners, reducing its ownership to 21%. Delays in securing a crucial water concession for dewatering, and mine preparation, hindered progress and the ability to settle acquisition payments. This sale eliminates outstanding debts, while maintaining a 21% project interest. DMET has a right of first refusal on the equity held by its partners.
- The company will continue to operate the Aguablanca project, and will be responsible for restarting production. Importantly, the company retains the right to process materials from its other
