Business
DENARIUS METALS FILES FIRST QUARTER 2026 INTERIM FINANCIAL STATEMENTS, INTERIM MD&A AND ZANCUDO TECHNICAL REPORT ON SEDAR+
TORONTO, May 14, 2026 /CNW/ - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or "the Company") announced today that it has filed its
About this update from Denarius Metals Corp.
[{"type":"text","content":" TORONTO, May 14, 2026 /CNW/ - 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 months ended March 31, 2026. 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. Non-GAAP financial performance measures in this press release are identified with \"NG\". For a detailed description of each of the non-GAAP measures used in this press release and a detailed reconciliation to the most directly comparable measure under IFRS, please refer to the Company's MD&A. Denarius Metals continued to ramp up mining operations in the first quarter of 2026 at its Zancudo Project in Colombia. Total revenue in the first quarter of 2026 amounted to $3.5 million, up from $1.7 million of revenue recorded in its 2025 fiscal year. During the current \"early production\" phase, expected to run until the third quarter of 2026 when the Company's new 1,000 tonnes per day processing plant is expected to be commissioned, mined material is being crushed onsite at Zancudo and then shipped to a local port for sale to Trafigura Pte. Ltd. (\"Trafigura\") to generate operating cash flow.During the first quarter of 2026, the Company delivered a total of 2,337 tonnes mined at its Zancudo Project to a local port for sale to Trafigura. With grades averaging 11.5 g/t gold and 269.3 g/t silver, these shipments contained approximately 863 ounces of gold and 20,237 ounces of silver. Payable gold and silver amounted to 593 ounces and 7,839 ounces, respectively. There was no production in the first quarter of 2025. 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. Trafigura's payability rates in the early production phase reflect the additional costs they will have to incur to bring the material to a saleable condition. When the Company begins shipping concentrates to Trafigura, payability rates will increase to 86% to 90% for gold and 35% to 45% for silver, depend...