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Denarius Metals Corp ( (TSE:DMET) ) has shared an announcement.
Denarius Metals Corp. announced the completion of its first shipment of high-grade ore from the Zancudo Project in Colombia, marking the commencement of production. The initial shipment included 64 tonnes of ore with significant gold and silver content, sold to Trafigura under a long-term offtake agreement. The company plans to increase the frequency and quantity of shipments in the coming months and expects to receive an industrial facility permit soon, enabling the construction of a processing plant by the end of the year.
The most recent analyst rating on (TSE:DMET) stock is a Buy with a C$1.81 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 is a Canadian junior company involved in the acquisition, exploration, development, and operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain. The company is listed on Cboe Canada under the symbol ‘DMET’ and on the OTCQX Market in the United States under the symbol ‘DNRSF’. In Colombia, Denarius Metals operates the Zancudo Project, a high-grade gold-silver deposit, while in Spain, it has interests in projects focused on critical minerals, including the Aguablanca Project, Lomero Project, and Toral Project.
Technical Sentiment Signal: Sell
Current Market Cap: C$36.29M
For a thorough assessment of DMET stock, go to TipRanks’ Stock Analysis page.