Denarius Metals Corp (DMET) AI Stock Analysis

• Market Cap: C$36.29M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): 2.30
• Revenue Growth: N/A
• EPS Growth: 49.31%
• Country: CA
• Employees: 53
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): -0.13
• Shares Outstanding: 124,969,986
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: 0.07
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.13
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$1.66
• Price Target Upside: 186.21% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 44 Neutral
• Price Target: C$0.56 ▼(-2.93% Downside)

The score is held down primarily by weak financial performance (large losses, persistent cash burn, and rising leverage). Technicals are neutral-to-risky (flat trend with an overbought RSI), while valuation offers limited support due to negative earnings and no dividend. Offsetting these, corporate updates are constructive (permits, resource upgrade, early production and financing activity).

Positive Factors

Strategic Financing

Securing significant financing from a major partner like Trafigura enhances Denarius Metals' ability to fund construction and operational activities, potentially improving its financial stability and market position in the long term.

High-Grade Mineral Discovery

Discovering high-grade mineralization enhances resource estimates and reduces operational risks, supporting future production and exploration efforts, which are crucial for sustainable growth.

Project Advancements

The launch of mining operations at the Zancudo Project marks a critical step in resource extraction, potentially boosting production capacity and revenue generation, which are fundamental for long-term growth.

Negative Factors

Negative Cash Flows

Consistently negative cash flows indicate challenges in maintaining liquidity and funding operations, necessitating reliance on external financing, which could impact long-term financial health.

High Leverage

High leverage increases financial risk, potentially straining cash flows and limiting financial flexibility, which can hinder the company's ability to invest in growth opportunities.

Financial Challenges

Persistent financial challenges, including no revenue and continuous net losses, highlight the company's struggle to achieve profitability, impacting its ability to sustain operations without external financing.

Denarius Metals Corp Business Overview & Revenue Model

Company Description

Denarius Metals Corp. engages in the acquisition, exploration, development, and operation of mining properties in Spain and Colombia. The company explores for gold, silver, copper, lead, and zinc deposits. It holds a 100% interest in the Lomero project that comprises 454 hectares located in the Huelva, southern Spain; the Guia Antigua project covering an area of 386 hectares located in northeast of Medellin in the Segovia-Remedios mining district, Colombia; and the Zancudo project located in the municipality of Titiribi, Colombia. The company is headquartered in Toronto, Canada.

How the Company Makes Money

Denarius Metals Corp generates revenue primarily through the sale of extracted precious metals like gold, silver, and copper. The company invests in exploration and development activities to identify and develop new mining sites, ensuring a steady pipeline of resources. Once extracted, these metals are processed and sold to various buyers, including industrial manufacturers, jewelry makers, and commodity traders. Strategic partnerships with local governments, mining contractors, and suppliers may also play a role in reducing operational costs and increasing profitability. Additionally, fluctuations in global commodity prices can significantly impact the company's earnings, as these determine the market value of the metals sold.

Denarius Metals Corp Financial Statement Overview

Summary

Denarius Metals Corp faces significant financial challenges, with no revenue generation, continuous net losses, high leverage, and negative cash flows. The company's reliance on external financing underscores the need for strategic adjustments to improve financial health and sustainability.

Income Statement

Denarius Metals Corp has reported no revenue consistently over the periods, with increasing net losses reflected in negative EBIT and EBITDA. The lack of revenue growth and consistent negative profit margins highlight challenges in achieving profitability and generating income from operations.

Balance Sheet

The company's debt-to-equity ratio has increased with rising total debt, indicating a potential risk of high leverage. However, the company maintains a relatively stable equity base, suggesting some financial stability despite the high liabilities. The equity ratio shows a moderate reliance on equity financing.

Cash Flow

Negative operating and free cash flows reflect cash outflows exceeding inflows, exacerbated by high capital expenditures. Operating cash flow to net income and free cash flow to net income ratios are negative, indicating challenges in converting income into cash. The company relies on financing to maintain cash levels.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	505.00K	0.00	0.00	0.00	0.00	0.00
Gross Profit	62.21K	0.00	-252.55K	-129.65K	-56.50K	0.00
EBITDA	-17.90M	-4.62M	-3.99M	-2.97M	-5.84M	0.00
Net Income	-23.09M	-9.84M	-14.70M	-7.13M	-25.22M	-85.00K
Balance Sheet
Total Assets	101.69M	81.05M	89.44M	43.80M	48.70M	35.00K
Cash, Cash Equivalents and Short-Term Investments	1.42M	1.13M	7.63M	1.79M	15.15M	30.00K
Total Debt	49.69M	30.70M	23.02M	226.90K	65.91K	0.00
Total Liabilities	61.45M	41.38M	50.76M	7.09M	1.65M	6.00K
Stockholders Equity	40.24M	39.67M	36.37M	36.68M	47.05M	29.00K
Cash Flow
Free Cash Flow	-11.52M	-15.84M	-17.59M	-11.90M	-6.65M	-83.00
Operating Cash Flow	-4.24M	-4.05M	-2.57M	-3.17M	-4.75M	-83.00
Investing Cash Flow	-12.56M	-22.14M	-15.67M	-9.13M	-7.23M	0.00
Financing Cash Flow	13.75M	20.00M	24.66M	-72.03K	27.05M	62.00

Denarius Metals Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
TSLV	52 Neutral	C$47.87M	-13.91	-71.82%	―	―	44.12%
MRZ	50 Neutral	C$46.93M	-4.18	-1572.16%	―	―	1.38%
GBU	49 Neutral	C$33.27M	-1.74	―	―	―	70.07%
DMET	44 Neutral	C$36.29M	-2.59	-53.21%	―	―	49.31%
WEX	43 Neutral	C$33.13M	-4.78	-55.76%	―	―	―
BBB	36 Underperform	C$37.23M	-3.06	-57.94%	―	―	41.84%

Denarius Metals Corp Corporate Events

Denarius Metals to Pay December Debenture Interest in Shares

Denarius Metals Corp. will settle the monthly interest payments due on December 31, 2025 on its 2023 and 2024 series of convertible unsecured debentures by issuing a total of 550,949 common shares, based on a reference price of C$0.62 per share and an aggregate outstanding principal of C$34.16 million. The share-based interest payment, which remains subject to Cboe Canada’s acceptance, includes 141,092 shares to be issued to senior executives and directors holding these debentures, underscoring the company’s continued use of equity to manage its debt-servicing obligations and preserve cash as it advances its mining projects in Colombia and Spain.

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.

Denarius Metals Announces Convertible Debenture Interest Payment Details

Denarius Metals Corp. announced the details for the upcoming interest payments on its convertible unsecured debentures due November 30, 2025. The company will issue common shares to settle the interest payments, subject to Cboe Canada’s acceptance. This move reflects Denarius Metals’ ongoing financial strategies and could impact its market positioning by managing its debt obligations through equity issuance, potentially affecting shareholder value and market perception.

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.

Denarius Metals Advances Mining Projects with New Developments and Financial Filings

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.

Denarius Metals Expands Private Placement to Boost Colombian Project

Denarius Metals Corp. has announced an increase in its non-brokered private placement offering, raising the potential gross proceeds to CA$12,750,000 due to strong investor demand. The funds raised will be used for exploration and development at the Zancudo Project in Colombia, as well as for general corporate purposes. This move is expected to bolster the company’s financial position and support its strategic initiatives in the precious metals sector.

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.

Denarius Metals Launches CA$6 Million Private Placement to Fund Colombian Project

Denarius Metals Corp. announced a non-brokered private placement offering of up to 12,000,000 units at CA$0.50 per unit, aiming to raise CA$6,000,000. The proceeds will fund exploration and development at the Zancudo Project in Colombia and general corporate purposes. The offering, subject to regulatory approvals, will be available to Canadian residents, excluding Québec, and potentially in other jurisdictions outside Canada and the U.S. The announcement signifies a strategic move to bolster Denarius Metals’ financial resources for its ongoing projects, enhancing its market positioning in the mining industry.

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.

Denarius Metals Upgrades Zancudo Project Resources and Plans New Drilling Campaign

Denarius Metals Corp has announced an updated Mineral Resource Estimate for its Zancudo Project in Colombia, showing a 23% upgrade to Indicated Resources. The company plans to commence a new 15,000-meter drilling campaign to further explore the project’s potential, aiming to optimize production and expand resource estimates. This development positions Denarius Metals to enhance its mining operations and stakeholder value as it prepares to begin production with a new flotation processing plant.

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.

Denarius Metals Details October 2025 Debenture Interest Payments

Denarius Metals Corp announced the details for the interest payments due on October 31, 2025, for its convertible unsecured debentures. The company will issue common shares to settle the interest payments, subject to Cboe Canada’s acceptance. This move reflects Denarius Metals’ strategy to manage its financial obligations while maintaining operational momentum in its mining projects across Colombia and Spain.

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.

Denarius Metals Receives Key Permit for Zancudo Project, Construction to Begin

Denarius Metals Corp has received approval for the Industrial Facility Permit for its Zancudo Project in Colombia, allowing it to commence construction of a 1,000 tonnes per day processing plant. The plant is expected to begin operations by the second quarter of 2026, producing high-grade gold-silver concentrates to be sold under an existing agreement with Trafigura. This milestone enables the company to receive further funding from Trafigura and continue early production activities, generating operating cash flow. The announcement marks a significant step in Denarius Metals’ expansion efforts, enhancing its operational capabilities and positioning in the precious metals industry.

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.