Welcome to our dedicated page for Denarius Silver news (Ticker: DNRSF), a resource for investors and traders seeking the latest updates and insights on Denarius Silver stock.
Denarius Silver Corp. (DNRSF) is a Canadian mining company advancing high-grade polymetallic projects in Colombia and Spain. This page aggregates official press releases and verified news about operational milestones, resource estimates, and strategic initiatives.
Investors and industry observers will find timely updates on drilling results, financing arrangements, and partnership developments with global commodity leaders. The curated collection includes earnings announcements, project feasibility studies, and operational progress across key assets like the Zancudo and Aguablanca projects.
All materials adhere to NI 43-101 standards and reflect the company's focus on precious/base metal exploration and strategic financing through partners like Trafigura. Content is organized chronologically for efficient tracking of material events.
Bookmark this page for direct access to DNRSF's official communications, including resource estimate updates, offtake agreements, and corporate governance announcements. Check regularly for developments impacting the company's position in global mining markets.
Denarius Metals (DNRSF) has announced final results from its 2024 infill drilling program at the Las Brisas Target of its Zancudo Project in Colombia. The program, totaling 2,435 meters across 13 drill holes, revealed multiple high-grade gold and silver intercepts, confirming mineralization continuity on the Manto Antiguo and Santa Catalina veins.
Key highlights include:
- 18.27 g/t Au and 1,819 g/t Ag over 0.30m (Manto Antiguo)
- 23.11 g/t Au and 1,653 g/t Ag over 0.40m (Manto Antiguo)
- 14.0 g/t Au and 96 g/t Ag over 0.70m (Santa Catalina)
The company discovered a new manto vein named Manto Brisas in the footwall of the Santa Catalina vein, yielding 12.12 g/t Au and 93 g/t Ag over 0.50m. The 2024 drilling program, designed at 50x50 meters drill centers, aims to upgrade Inferred Resources to Indicated Resources category and support near-term mine development.
Denarius Metals has commenced mining operations at its Zancudo Project in Colombia, with first production expected in Q2 2025. The company's 1,000 tonnes per day processing plant will be operational by Q4 2025, fully funded by a $9 million prepayment financing from Trafigura.
The company invested $22.1 million in 2024 for its projects, with $18.7 million allocated to Zancudo and Aguablanca Projects. Financing activities included raising $20.3 million through various means, including royalty sales and private placements. The European Commission has recognized the Aguablanca Project in Spain as a Strategic Project, one of only seven in Spain.
In 2024, Denarius completed 7,225 meters of drilling at Zancudo, securing key offtake contracts with Trafigura and Boliden Commercial AB. The company reported a net loss of $9.9 million ($0.14 per share) in 2024, an improvement from the $14.4 million loss in 2023.
Denarius Metals (OTCQX: DNRSF) has announced the termination of its previously announced best efforts brokered private placement due to volatile market conditions. The company will instead proceed with a non-brokered private placement of up to 13,000,000 Units at CA$0.50 per Unit, targeting gross proceeds of up to CA$6.5 million.
Each Unit includes one common share and one warrant, with warrants exercisable at CA$0.60 per share within 36 months after closing. The offering is expected to close by March 20, 2025. Insiders have indicated interest to participate for approximately CA$1.5 million.
The proceeds will fund projects in Spain, including:
- Scoping studies and site administration at Lomero and Toral Projects
- Capital contributions for restart activities at Aguablanca Project
- General corporate and administrative costs
Denarius Metals (DNRSF) has secured a US$9 million prepayment financing agreement with Trafigura to complete construction at its Zancudo Project in 2025. The financing follows an April 2024 commercial agreement where Trafigura will purchase 100% of Zancudo's high-grade gold-silver concentrates for eight years at market prices.
The funding will be disbursed in three tranches, starting with US$2.5 million in the next two weeks, with subsequent advances tied to construction milestones. Repayment, including capitalized interest during a nine-month grace period, will occur over 26 months from production. The facility is secured by Zancudo Project assets.
As part of the agreement, Denarius will issue 3 million warrants to Trafigura, exercisable at CA$0.74 per share until February 7, 2028, subject to a hold period until June 8, 2025, and Cboe Canada's final approval.
Denarius Metals (DNRSF) has sold a 29% stake in Rio Narcea Recursos (RNR) to existing shareholders, reducing its ownership to 21%. This transaction settles the remaining EUR 14.5 million payment obligation from its initial 50% stake acquisition in late 2023. Despite the reduced ownership, Denarius maintains its position as operator of the Aguablanca Project and retains rights to use RNR's 5,000 tonnes per day processing plant for future Lomero and Toral operations.
The company has paid EUR 10.25 million to date and will pay an additional EUR 250,000 this month. The agreement preserves Denarius's right to appoint two board members and includes protective rights in key RNR decisions, along with first refusal rights for future stake increases. The company awaits Water Concession approval to begin dewatering and preparing the underground mine, with operations expected to resume in 2025. A preliminary economic assessment for the Lomero Project is scheduled for Q1 2025.
Denarius Metals (DNRSF) has received approval of its Environmental Impact Study (EIS) for the Zancudo Project from Corantioquia, Colombia's local environmental authority, enabling the commencement of mining operations. The company expects first production by Q1 end, with its 1,000 tonnes per day processing plant operational in Q2 2025.
In the interim, Denarius has arranged to sell mined material to Soma Gold, which owns the El Limon Mill (225 tpd capacity, permitted for 400 tpd). Processing at El Limon Mill is expected to begin by February end, producing high-grade gold-silver concentrates.
The EIS applies to concession 5521, including the historic Independencia Mine, and covers areas under a Plan of Exploration and Exploitation approved in December 2023. The company also announced leadership changes, with Federico Restrepo-Solano assuming the CEO role while Serafino Iacono remains Executive Chairman.
Denarius Metals (DNRSF) has secured holder consent to amend terms of its convertible unsecured debentures. The amendments affect CA$19.25M of 2023 Debentures and CA$13.76M of 2024 Debentures, with consent from 78.95% and 99.02% of holders respectively. Key changes include:
- Delaying Gold Premium Payment commencement by one year for both debenture series
- Extending maturity dates by one year to October 2029 for 2023 Debentures and May 2030 for 2024 Debentures
Consenting holders will receive a 2% fee in additional debentures, totaling 576,460 new debentures, with 168,160 going to key executives. The amendments await final Cboe Canada approval, expected by December 31, 2024.
Denarius Metals (DNRSF) has initiated a consent solicitation process to amend terms of its convertible unsecured debentures worth CA$33.1 million total. The proposed amendments include: delaying Gold Premium Payments by one year (to January 2026 for 2023 debentures and June 2026 for 2024 debentures) and extending maturity dates by one year. The company requires 66 2/3% approval from debenture holders by December 18, 2024. Holders who consent will receive a 2% fee in additional debentures. The changes aim to align funding with cash flow from the Zancudo Project following delays in environmental impact study approval.
Denarius Metals reported its Q3 and nine months 2024 financial results. The company invested $9.5 million in exploration and development, including $7.4 million for the Zancudo Project construction. They raised $17.2 million through various financing activities in the first nine months, plus an additional $3.2 million in October. The company is finalizing a toll milling arrangement at Zancudo while constructing a 1,000 TPD processing plant, expected to be operational in Q1 2025. They reported a net loss of $9.5 million in Q3 2024 ($0.14 per share) and $12.1 million ($0.18 per share) for the nine-month period.
Denarius Metals Corp. (DNRSF) has completed the acquisition of 100% of Europa Metals Iberia S.L. (EMI) from Europa Metals , securing full ownership of the Toral Zn-Pb-Ag Project in Leon Province, Northern Spain. As part of the transaction, Denarius issued 7,000,000 common shares to Europa, subject to a hold period until March 13, 2025. Europa also assigned to Denarius its receivable for amounts advanced to EMI, totaling approximately EUR 3.7 million. The previous Option and Loan Agreements from November 22, 2022, between the parties have been terminated.
