Denarius Silver Stock Price, News & Analysis

Denarius Metals (OTCQX:DNRSF) has initiated the restart of operations at its Aguablanca Project in Spain, the country's only nickel mine recognized as a Strategic Project under the EU's Critical Raw Materials Act. The company has engaged METSO to lead the refurbishment of the 5,000 tonnes per day processing plant, with METSO providing financing for reconditioning and commissioning phases.

The company expects to resume underground mining operations by mid-2026, targeting processing of 800,000 tonnes annually to produce approximately 70,000 tonnes of Ni-Cu concentrates per year. Key activities include a pilot dewatering program, plant refurbishment, and electrical system upgrades. Denarius Metals, which owns 21% of the project operator Rio Narcea Recursos, is also planning a brownfield drilling program to extend the mine's life.

Denarius Metals (OTCQX:DNRSF) has announced its decision to terminate the previously announced letter of intent with Quimbaya Gold Inc. The company has opted not to proceed with the proposed 50/50 joint venture that was intended to formalize small-scale mining operations within Quimbaya's Tahami Project in the Segovia Gold District of Antioquia, Colombia.

Following extensive due diligence, Denarius Metals' executive chairman Serafino Iacono stated that the company does not see favorable circumstances in the area to implement small-scale mining operations that would provide the necessary social right to operate through the joint venture relationship.

Denarius Metals (OTCQX:DNRSF) has announced details for the July 31, 2025 interest payments on its convertible unsecured debentures. The company will issue a total of 657,201 common shares to settle CA$341,745 in interest payments on its 2023 and 2024 Debentures.

The interest payment covers CA$19.9 million in 2023 Debentures (due October 2029) and CA$14.3 million in 2024 Debentures (due May 2030). The share issuance rate is 0.019231 shares per CA$1.00 of principal, based on the July 16, 2025 closing price of CA$0.52 per share. Company executives, including the Executive Chairman and CEO, will receive 168,226 common shares for their debenture holdings.

Denarius Metals (OTCQX:DNRSF) has achieved a significant milestone with its first ore shipment from the Zancudo Project in Colombia. The initial shipment in June 2025 consisted of 64 tonnes of high-grade ore, containing 19 ounces of gold and 377 ounces of silver, with impressive grades of 9.4 g/t gold and 184.5 g/t silver.

The company has already completed a second shipment of 68 tonnes with even higher grades of 10.5 g/t gold and 250 g/t silver. Mining operations are expected to ramp up in the coming months, with the processing plant scheduled to begin operations by the end of 2025, pending the receipt of an industrial facility permit.

Denarius Metals announced details for interest payments on its convertible unsecured debentures due June 30, 2025. Following recent amendments to trust indentures, the company will issue common shares instead of cash for monthly interest payments from June 30, 2025 to May 31, 2026. The company has CA$19.89M in debentures due October 2029 and CA$14.29M due May 2030. Based on the June 13 closing price of CA$0.60 per share, a maximum of 563,140 common shares will be issued to settle CA$337,885 in interest payments. Company executives, including Executive Chairman Serafino Iacono and CEO Federico Restrepo-Solano, will receive 144,068 shares for their debenture holdings.

Denarius Metals (DNRSF) has secured consent from debenture holders to amend terms of its convertible unsecured debentures. The company received approval from 93.6% of 2023 Debenture holders (CA$19.52M outstanding) and 97.1% of 2024 Debenture holders (CA$14.03M outstanding). Key amendments include allowing share issuance instead of cash for monthly interest payments from June 2025 to May 2026, implementing a US$4,000/oz cap on gold price for Gold Premium Payment calculations, and enabling share-based settlement of Gold Premium Payments for specific dates in 2026. Consenting holders will receive a 2% fee in additional debentures, resulting in 638,014 new consent fee debentures, with company executives receiving 171,523 of these. The amendments await final Cboe Canada approval, expected effective June 18, 2025.

Denarius Metals Corp. (DNRSF) held its Annual General and Special Meeting of Shareholders with 52.09% shareholder participation, representing 56,914,696 shares. All proposed matters were successfully approved with overwhelming majority support. Shareholders approved fixing the board size at six directors with 99.67% approval. All six director nominees were elected with over 99.90% support, including Serafino Iacono, Federico Restrepo-Solano, Paul Sparkes, Mateo Restrepo Villegas, Francisco Sole, and Patricia Herrera Paba. Additionally, KPMG LLP was appointed as the company's auditor with 99.99% approval.

Denarius Metals (DNRSF) has initiated a consent solicitation process to modify terms of its convertible unsecured debentures worth CA$33.5 million total. The proposed amendments aim to strengthen liquidity during the ramp-up of mining operations at the Zancudo Project in Colombia. Key changes include allowing the company to issue shares instead of cash for monthly interest payments from June 2025 to May 2026, implementing a US$4,000 per ounce cap on gold price for premium payments, and issuing shares for Gold Premium Payments. The company requires 66.67% approval from debenture holders by June 13, 2025. Holders who approve will receive a 2% consent fee in additional debentures. The Zancudo Project began operations in April 2025, with first ore shipment to Trafigura scheduled for June, targeting 500 tonnes per day production by early 2026.

Denarius Metals (DNRSF) has secured a crucial 20-year Water Concession for its Aguablanca Project in Spain, marking the final permit needed to restart operations. The project, recently recognized as "Strategic" by the European Commission, will undergo a 6-9 month dewatering program alongside plant refurbishment. The company has also commenced mining at its Zancudo Project in Colombia in April 2025, with first production expected in Q2 2025. Denarius secured financing through Trafigura, receiving $2.5M with potential for additional $6.5M. Recent drilling results at Zancudo's Las Brisas target showed promising results, including a new mineralized manto vein discovery. The company raised $3.4M through a private placement, ending Q1 2025 with $3.1M cash. Financial results show a reduced net loss of $4.2M ($0.04/share) in Q1 2025, compared to $11.1M ($0.18/share) in Q1 2024.