Business
Denarius Metals Files Second Quarter and First Half 2025 Interim Filings on SEDAR+; Reports First Revenues from the Start of Production at Its Zancudo Project in Colombia
Toronto, Ontario--(Newsfile Corp. - August 14, 2025) - 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, 2025) - 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, 2025. 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 commenced mining operations in April 2025 at its Zancudo Project in Colombia. During the early production phase, expected to run until the first quarter of 2026 when the Company's new 1,000 tonnes per day (\"tpd\") processing plant is expected to go into operation, mined material is being crushed onsite and then shipped to a local port for sale to Trafigura Pte. Ltd. (\"Trafigura\") to start generating operating cash flow. First production and revenues were recorded by the Company in the second quarter of 2025. In late June 2025, the first shipment of 64 tonnes of crushed material from the Zancudo Project was loaded and transported to port where it was sold to Trafigura. With grades averaging 9.4 g/t gold and 184.5 g/t silver, the material in the first shipment contained approximately 19 ounces of gold and 377 ounces of silver. During the current early production phase, Trafigura's payability rates range from 55% to 70% for gold and 30% to 40% for silver, depending on the grades of the material. For the shipment in June 2025, the Company received payment for approximately 13 ounces of gold and 138 ounces of silver. 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, depending on the grades in the con...