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Denarius Metals Corp ( (TSE:DMET) ) just unveiled an update.
Denarius Metals Corp has filed its third-quarter financial statements, revealing significant progress at its Zancudo Project in Colombia, where early production has commenced. The company has delivered 878 tonnes of mined material to Trafigura, generating $0.5 million in revenue with a margin of $960 per ounce of gold sold. An updated Mineral Resource estimate for Zancudo shows increased resources, and the company has received permits to begin construction of a processing plant expected to be operational by mid-2026. Additionally, Denarius Metals is advancing its Aguablanca Project in Spain, having secured necessary permits and engaged METSO Spain S.A. for refurbishment, with ongoing efforts to secure further financing.
The most recent analyst rating on (TSE:DMET) stock is a Buy with a C$1.66 price target. To see the full list of analyst forecasts on Denarius Metals Corp stock, see the TSE:DMET Stock Forecast page.
Spark’s Take on TSE:DMET Stock
According to Spark, TipRanks’ AI Analyst, TSE:DMET is a Underperform.
Denarius Metals Corp’s overall stock score is low, reflecting significant financial challenges with persistent losses and high leverage. The lack of technical momentum and poor valuation metrics further weigh on the score. However, recent corporate events, including strategic financing and project advancements, offer some optimism for future operational improvements.
To see Spark’s full report on TSE:DMET stock, click here.
More about Denarius Metals Corp
Denarius Metals Corp is a mining company involved in the extraction and processing of precious metals, primarily focusing on gold and silver. The company operates the Zancudo Project in Colombia and the Aguablanca Project in Spain, with a market focus on generating cash flow through mining operations and strategic partnerships.
Technical Sentiment Signal: Sell
Current Market Cap: C$36.29M
For an in-depth examination of DMET stock, go to TipRanks’ Overview page.