Denarius Metals Corp.
Economics Studies Confirm Viability of Two Near-Term Mines
Published: 5/8/2024
Author: FRC Analysts
![Economics Studies Confirm Viability of Two Near-Term Mines - Main Image](/_next/image?url=https%3A%2F%2Ffrc-backend.s3.ca-central-1.amazonaws.com%2F66d04043-6bf1-404f-a98f-3f1a480a6da4-Denarius-New-brand.webp&w=1080&q=75)
Sector: Basic Materials | Industry: Other Precious Metals & Mining
Ticker Symbols:
DNRSF - NASDAQ 🔹
Rating and Key Data
Metrics | Value |
---|---|
Current Price | CAD $0.52 |
Fair Value | CAD $1.65 |
Risk | 5 |
Week Range | CAD $ |
Shares O/S (M) | 63 |
Market Cap. (M) | CAD $33 |
Current Yield (%) | N/A |
P/E (forward) | N/A |
P/B | 0.6 |
Highlights
- DMET is on track to bring two projects into production within the next 12 months: the Aguablanca nickel-copper project in Spain, and the Zancudo gold-silver project in Colombia.
- Since our previous report, the company has secured an offtake agreement with Trafigura, a global commodities trading company, for concentrates produced by Zancudo. In addition, Trafigura has offered a prepayment financing facility of up to $10M. DMET has also divested a 3% net smelter return (“NSR”) royalty in the project for $5M. A recently completed Preliminary Economic Assessment (PEA) returned robust economics, with an ATNPV5% of $206M, and a very high AT-IRR of 287%, using $1,800/oz gold, and $22/oz silver, compared to spot prices of $2,310/oz gold, and $27/oz silver.
Rating and Key Data
Metrics | Value |
---|---|
Current Price | CAD $0.52 |
Fair Value | CAD $1.65 |
Risk | 5 |
Week Range | CAD $ |
Shares O/S (M) | 63 |
Market Cap. (M) | CAD $33 |
Current Yield (%) | N/A |
P/E (forward) | N/A |
P/B | 0.6 |