Denarius Metals Reports Strong Early Production Results at Zancudo Project

Denarius Metals Corp., listed on Cboe CA and OTCQX, has recently provided key updates on its mining operations at the Zancudo Project in Colombia. On April 22, 2026, the company announced notable production achievements for the first quarter of 2026, highlighting a successful early production phase.

In his statement, Serafino Iacono, Executive Chairman of Denarius Metals, emphasized the company's commitment to increasing mining rates. During this early phase, Denarius has significantly boosted its daily average mining capability, leading to a remarkable increase in shipments from 814 tonnes in the third quarter of 2025 to an impressive 2,337 tonnes in the latest quarter. This represents a monumental leap in operational efficiency and production output.

The latest production phase has yielded an average head grade of 11.5 grams per tonne (g/t) for gold and 269.3 g/t for silver, culminating in a total revenue of approximately $3.5 million for Q1 2026, which more than doubles the $1.7 million earned during the entire 2025 fiscal year. Such a substantial revenue increase underscores the effective management and optimization of their mining processes.

The shipments during this quarter were crucial, consisting of a total of 2,337 tonnes sent to a local port for sale under a long-term agreement with Trafigura Pte. Ltd. Notably, these deliveries included around 863 ounces of gold and 20,237 ounces of silver, with payable amounts reaching 593 ounces of gold and 7,839 ounces of silver. Trafigura's payability rates during this early stage vary between 30% to 70% for gold and 20% to 40% for silver based on the grade of the mined material.

Looking forward, Denarius Metals plans to transition from this early production phase to advanced mining operations, which will involve a more conventional semi-mechanized approach. This shift is expected to significantly enhance efficiency and output.

The company's ongoing mine development is paving the way for new fronts that will support long-term mining strategies. Furthermore, the construction of a new 1,000-tonnes-per-day processing plant is progressing, with expectations to commission by the third quarter of 2026. This facility will be integral in processing the mined materials into high-grade gold-silver concentrates, further elevating Denarius's production capabilities.

Denarius Metals, a Canadian junior explorer, focuses on acquiring, exploring, and developing precious metals and polymetallic mining projects primarily in Colombia and Spain. The Zancudo Project alone represents a high-grade gold and silver deposit that includes the historic Independencia mine, situated merely 30 kilometers from Medellin, Colombia.

Additionally, Denarius maintains interests in several projects across Spain that focus on essential critical minerals, including a notable stake in the Aguablanca Project—which has been recognized by the European Union as a strategic initiative.

As Denarius continues its expansion plans and scales production, the forthcoming months will be pivotal for the company's growth trajectory, and stakeholders will keenly monitor its operational advancements and revenue milestones. Access more insights and updates about Denarius Metals on their official website or SEDAR+.

Denarius Metals remains committed to enhancing its production capabilities while navigating the complexities of the precious metals market, promising exciting developments as they evolve their mining operations and strategic initiatives further.