Denarius Metals Files Third Quarter and Nine Months 2025 Interim Filings on SEDAR+

Core Insights - Denarius Metals Corp. has filed its unaudited interim condensed consolidated financial statements for the three and nine months ended September 30, 2025, revealing ongoing operations and financial performance [1] Financial Performance - The company reported a net loss of $11.7 million ($0.09 per share) in Q3 2025, compared to a net loss of $9.5 million ($0.14 per share) in Q3 2024, bringing the total net loss for the first nine months of 2025 to $20.9 million ($0.19 per share) [12] - Revenue generated in the first nine months of 2025 was $0.5 million, with an average realized gold price of $3,460 per ounce and total cash cost of $2,500 per ounce [4][13] - The company’s cash position as of September 30, 2025, was $1.0 million, consistent with the end of 2024 [10] Mining Operations - Denarius Metals commenced mining operations at the Zancudo Project in Colombia in Q2 2025, with the early production phase expected to last until Q2 2026 [2] - The first shipment from Zancudo was completed in June 2025, delivering a total of 878 tonnes to Trafigura, with average grades of 7.3 g/t gold and 164.5 g/t silver [3] - The company has received payment for 126 ounces of gold and 1,694 ounces of silver from these shipments [3] Mineral Resource Estimate - An updated Mineral Resource estimate effective October 31, 2025, shows 979,000 tonnes converted to Indicated Resources grading 6.9 g/t gold and 84 g/t silver, totaling 217,000 ounces of gold and 2.7 million ounces of silver [5] - The Inferred Resources category saw a 13% increase, resulting in 4.6 million tonnes grading 5.6 g/t gold and 84 g/t silver, totaling 832,000 ounces of gold and 12.5 million ounces of silver [5] Project Developments - The industrial facility permit for the processing plant at the Zancudo Project has been approved, allowing construction to commence, with operations expected by the end of Q2 2026 [6] - The Aguablanca Project in Spain has received all necessary permits to restart mining operations, with refurbishment of the processing plant being arranged [9] Funding and Liquidity - The company completed two private placements in the first nine months of 2025, raising total net proceeds of $7.8 million [10] - Denarius Metals has a prepayment agreement with Trafigura, receiving a total of $5.0 million to date, with the potential for an additional $4.0 million [8][10]