Workflow
Gold Premiums
icon
Search documents
DENARIUS METALS ANNOUNCES DETAILS FOR THE JANUARY 31, 2026 INTEREST PAYMENTS ON ITS CONVERTIBLE UNSECURED DEBENTURES AND THE FIRST GOLD PREMIUM PAYMENTS ON ITS 2023 DEBENTURES
Prnewswire· 2026-01-29 23:23
Core Viewpoint - Denarius Metals Corp. announced details regarding monthly interest payments and quarterly gold premiums due on January 31, 2026, for its convertible unsecured debentures, highlighting the company's ongoing financial obligations and performance in the precious metals sector [1][5]. Monthly Interest Payments - The company will issue shares on February 2, 2026, to settle monthly interest payments on its 2023 and 2024 Debentures, with a total principal amount of CA$34,158,874, resulting in 487,985 shares to be issued [2]. - The breakdown includes CA$19,886,560 for 2023 Debentures, leading to 284,094 shares, and CA$14,272,314 for 2024 Debentures, resulting in 203,891 shares [2]. Gold Premiums on 2023 Debentures - Starting January 31, 2026, the company will pay a quarterly gold premium on its 2023 Debentures when the London P.M. Fix exceeds US$1,800 per ounce [5]. - As of January 16, 2026, the gold premium rate is set at 30.556%, leading to gross premiums of CA$6,076,537, with 8,645,816 shares to be issued to settle the net amount of gold premiums [5]. - Insiders will receive a total of 889,225 common shares in settlement of the gold premiums payable on their respective holdings of 2023 Debentures [5]. Company Overview - Denarius Metals is a Canadian junior company focused on the acquisition, exploration, and development of precious metals and polymetallic mining projects in Colombia and Spain [7]. - The company is currently producing gold and silver at its 100%-owned Zancudo Project, with a processing plant expected to start operations by Q3 2026 [8]. - In Spain, Denarius holds interests in three projects, including the Aguablanca Project, recognized as a Strategic Project by the EU, and the Lomero and Toral Projects, which focus on critical minerals [10].