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Denarius Metals Announces Second Quarter and First Half 2024 Results
Toronto, Ontario--(Newsfile Corp. - August 14, 2024) - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or "the Company") announced today
About this update from Denarius Metals Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - August 14, 2024) - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) (\"Denarius Metals\" or \"the Company\") announced today that it has filed its unaudited interim condensed consolidated financial statements and accompanying management's discussion and analysis (MD&A) for the three and six months ended June 30, 2024. These documents can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted. Denarius Metals is an emerging metals producer with two mines, Zancudo in Colombia and Aguablanca in Spain, advancing toward the start of production within the next 6 to 12 months. In March 2024, the Company graduated its listing to Cboe Canada followed by a change of its trading symbol to \"DMET\". The Company continues to trade on the OTCQX in the United States under the symbol \"DNRSF\". In the first half of 2024, funded by cash on hand from the 2023 Convertible Debentures financing completed in October last year and the sale of a net smelter royalty (\"NSR\") on Zancudo in March 2024, the Company incurred total exploration and capital expenditures of approximately $5.9 million, including $4.5 million related to the construction and development activities at its Zancudo Project. In the first half of 2023, total exploration and capital expenditures amounted to $7.8 million, including $4.1 million for the exploration program at the Lomero Project and $2.5 million at the Zancudo Project. Construction and development activities at the Zancudo Project are progressing well while the Company waits for the approval of its Environmental Impact Study (\"EIS\") that will enable it to commence mining operations. Activities related to the EIS approval indicate it may be received in September. In anticipation of the EIS approval, the Company is evaluating toll milling options to be able to commence early production while the 1,000 tonnes per day (\"tpd\") processing plant is being constructed. The processing plant equipment has started to arrive at the project site and is expected to be fully mobilized in September to commence installation and commissioning to be ready to start operations by the end of this year. In April 2024, Denarius Metals commenced a 10,000 ...