• 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.