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Denarius Metals Corp
(NEO-L:DMET)
Denarius Metals Corp (DMET) vs. iShares MSCI Canada ETF (EWC)
Denarius Metals Corp Business Overview & Revenue Model
Denarius Metals Corp Financial Statement Overview
| Breakdown | ||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -163.61K | -252.55K | -129.65K | -56.50K | 0.00 | EBIT |
| -4.18M | -4.24M | -3.10M | -5.90M | -85.00K | EBITDA |
| -5.07M | -4.19M | -2.97M | -5.84M | 0.00 | Net Income Common Stockholders |
| -9.79M | -14.70M | -7.13M | -25.22M | -85.00K |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.13M | 7.63M | 1.79M | 15.15M | 30.00K | Total Assets |
| 81.05M | 89.44M | 43.80M | 48.70M | 35.00K | Total Debt |
| 30.70M | 23.02M | 226.90K | 65.91K | 0.00 | Net Debt |
| 29.57M | 15.39M | -1.57M | -15.09M | -30.00K | Total Liabilities |
| 41.38M | 50.76M | 7.09M | 1.65M | 6.00K | Stockholders Equity |
| 39.67M | 36.37M | 36.68M | 47.05M | 29.00K |
| Cash Flow | Free Cash Flow | |||
| -16.28M | -17.59M | -11.90M | -6.65M | -83.00 | Operating Cash Flow |
| -4.50M | -2.57M | -3.17M | -4.75M | -83.00 | Investing Cash Flow |
| -22.12M | -15.67M | -9.13M | -7.23M | 0.00 | Financing Cash Flow |
| 19.99M | 24.66M | -72.03K | 27.05M | 62.00 |
Denarius Metals Corp Technical Analysis
Denarius Metals Corp Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | C$2.88B | 12.87 | 12.07% | ― | 30.33% | ― | |
77 Outperform | C$25.60B | 15.21 | 18.12% | 0.79% | 30.84% | 188.80% | |
76 Outperform | $6.49B | ― | -17.61% | 2.23% | 5.97% | -1677.31% | |
76 Outperform | C$10.03B | ― | -3.12% | 3.75% | 59.60% | -74.74% | |
73 Outperform | C$3.62B | 90.62 | 2.05% | 0.64% | 6.23% | 36.40% | |
51 Neutral | $2.04B | -1.21 | -21.10% | 3.95% | 2.90% | -30.45% | |
31 Underperform | C$36.29M | ― | -8.90% | ― | ― | 48.28% |
Denarius Metals Corp Corporate Events
Denarius Metals Corp. announced the issuance of 2,083,500 units to private investors in exchange for canceling US$750,000 of annual payment obligations under net smelter royalty agreements for its Zancudo Project. This transaction, which increases the company’s outstanding common shares to 109,271,200, is subject to Cboe Canada Inc.’s final approval. The move is part of Denarius Metals’ strategic financial management, potentially strengthening its operational flexibility and stakeholder confidence.
Spark’s Take on TSE:DMET Stock
According to Spark, TipRanks’ AI Analyst, TSE:DMET is a Neutral.
Denarius Metals Corp’s overall stock score reflects significant financial challenges, with persistent losses, high leverage, and negative cash flows being key concerns. Lack of momentum in technical indicators and poor valuation metrics further weigh on the score. However, corporate events highlighting new discoveries and secured financing provide some optimism for future operations.
To see Spark’s full report on TSE:DMET stock, click here.
Denarius Metals Corp announced the final results of its 2024 infill drilling program at the Las Brisas Target within the Zancudo Project in Colombia, confirming high-grade gold and silver mineralization across multiple veins and discovering a new manto vein. These results enhance the company’s resource delineation efforts, potentially reducing risks for future production at the Zancudo underground operation and supporting ongoing mine development and exploration expansion.
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 due to financial challenges such as persistent losses, high leverage, and negative cash flows. The lack of price momentum further compounds the negative outlook. However, recent corporate developments, including new project launches and strategic recognitions, provide a glimmer of hope for future operational improvements.
To see Spark’s full report on TSE:DMET stock, click here.
Denarius Metals Corp has commenced mining operations at its Zancudo Project in Colombia, with initial ore deliveries to Trafigura expected by the end of April. The company has secured $9 million in prepayment financing from Trafigura to fund construction activities, with the processing plant anticipated to be operational by the fourth quarter of 2025. Additionally, the European Commission has recognized the Aguablanca Project in Spain as a Strategic Project. The company has focused its 2024 efforts on advancing these projects, raising significant funds through private placements and securing offtake contracts to ensure long-term economic stability.
Denarius Metals Corp has successfully closed a non-brokered private placement, raising approximately CA$6.6 million through the issuance of 13,138,000 units. The proceeds will be used to advance its mining projects in Spain and cover general corporate costs. The placement saw significant participation from insiders, including Executive Chairman Serafino Iacono and Aton Ventures Fund Ltd., which now hold substantial stakes in the company. This financial move is expected to bolster Denarius Metals’ operational capabilities and strengthen its position in the mining sector.
Denarius Metals Corp. has decided to terminate its previously announced brokered private placement due to volatile market conditions and will instead proceed with a non-brokered private placement to raise up to CA$6.5 million. The funds will be used to advance projects in Spain, including the Lomero and Toral Projects, and for corporate costs. Insiders have shown interest in contributing CA$1.5 million, requiring shareholder approval due to the significant percentage of shares involved. The offering is subject to regulatory approvals and will not be available in the U.S. market.
Denarius Metals Corp has updated its private placement offering, initially announced on February 20, 2025, with an amended and restated offering document. The offering aims to raise up to CA$15,008,000 through the sale of up to 11,763,000 Units via a ‘listed issuer financing’ exemption and 15,037,000 Units through an ‘accredited investor’ exemption, excluding Québec. This move reflects the company’s strategic efforts to secure funding for its ongoing and future projects, potentially impacting its market position and stakeholders.
Denarius Metals Corp announced an increase in its previously announced private placement offering, now aiming to raise up to CA$15,008,000 due to strong investor interest. The proceeds will support the company’s projects in Spain and general corporate purposes. The offering involves the sale of Units comprising common shares and warrants and is subject to regulatory approvals, with some shares being freely tradeable immediately and others subject to a hold period.
Denarius Metals Corp. has announced an update to its previously announced private placement, increasing the offering to CA$15,008,000 due to significant investor demand. The funds raised will support the company’s projects in Spain, with portions allocated for project advancements and general corporate purposes. The offering includes both LIFE Units and Non-LIFE Units with different trading restrictions, and it requires shareholder and regulatory approvals given the scale of the offering relative to existing shares.
Denarius Metals Corp announced a non-brokered private placement to raise up to CA$4,480,000 through the issuance of 8,000,000 units, each consisting of one common share and one share purchase warrant. The proceeds will support Denarius’s projects in Spain, including the Lomero and Toral projects, as well as restart activities at the Aguablanca Project. The placement is expected to close by March 12, 2025, and insiders have shown interest in participating for CA$1.0 million. This move aims to bolster the company’s operations in Spain, advancing key projects and strengthening its market position in the polymetallic mining sector.
Denarius Metals Corp has secured a US$9 million prepayment financing agreement with Trafigura to complete construction at its Zancudo Project in Colombia. The deal, which involves the future sale of gold-silver concentrates to Trafigura, positions Denarius Metals to advance its operations and potentially enhance its market standing in the mining sector.