Business
Denarius Metals Announces 2025 Production Results For Its Zancudo Project; Expiring 2026 Warrants Starting To Be Exercised
TORONTO, Jan. 20, 2026 /CNW/ - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today the details of the prod
About this update from Denarius Metals Corp.
[{"type":"text","content":" TORONTO, Jan. 20, 2026 /CNW/ - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) (\"Denarius Metals\" or the \"Company\") announced today the details of the production results achieved in 2025 during the early production phase at its Zancudo Project in Colombia. Serafino Iacono, Executive Chairman of Denarius Metals, commented, \"2025 marked the beginning of operations at Colombia's newest gold mine, our 100%-owned Zancudo Project located in the Cauca Belt approximately 30 km southwest of Medellin. From our first shipment of 64 tonnes of crushed material in June, we increased our shipments to 814 tonnes in the third quarter and 1,215 tonnes in the fourth quarter. Head grades averaged 8 g/t for gold and 224.8 g/t for silver resulting in total revenue for 2025 of approximately US$1.7 million. 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.\" Denarius Metals commenced mining operations at its Zancudo Project in the second quarter of 2025. The current \"early production\" phase encompasses artisanal mining in accessible areas of the Zancudo Project and is expected to run through the first half of 2026 as mine development progresses to open new fronts that are being developed for long-term conventional, semi-mechanized mining operations. In parallel, construction of the Company's new 1,000 tonnes per day (\"tpd\") processing plant is advancing with commissioning expected to be completed in the third quarter of this year. During this early production phase, mined material is being crushed onsite and then shipped to a local port for sale to Trafigura Pte. Ltd. (\"Trafigura\") under the Company's long-term offtake agreement. The first shipment from Zancudo was completed in June 2025 and through the end of December 2025, the Company delivered a total of 2,093 tonnes of crushed material to Trafigura. With grades averaging 8 g/t gold and 224.8 g/t silver, these shipments contained approximately 538 ounces of gold and 15,129 ounces of silver. During the current early production phase, Trafigura's payability rates range from 30% to 70% for gold and 20% to 40% for silver, depending on the grades of the material. For these shipments through the end of December 2025, the Company rec...