#Colombia #N/A #Denarius Metals #Zancudo Project

Denarius Metals Reports Early Production Results from Zancudo Project

Denarius Metals Corp., a Canadian junior mining company, has unveiled remarkable production outcomes from its Zancudo Project located in Colombia for the second quarter of 2026. The company, which trades on Cboe Canada under the ticker DMET and on the OTCQX market as DNRSF, is witnessing a surge in mining activities during this early production phase, initially kicking off operations in the second quarter of 2025.

In his comments, Serafino Iacono, the Executive Chairman, highlighted that the company is ramping up its daily mining rates effectively, achieving an impressive 3,907 tonnes in shipments during the second quarter alone. This figure reflects a striking 67% increase compared to the first quarter of the same year. The quality of minerals has remained robust, with average head grades reported at 11.3 g/t for gold and 217.1 g/t for silver, culminating in total revenues of $5.1 million for the second quarter. This development has pushed the total revenue for the first half of 2026 to an impressive $8.6 million, a considerable leap from the $1.7 million seen in the entire fiscal year of 2025.

The ongoing early production phase focuses on artisanal mining within accessible areas of the Zancudo Project and is anticipated to continue as mine developers work to unveil new fronts for conventional and semi-mechanized mining. A new processing plant capable of handling 1,000 tonnes per day is currently under construction, expected to be operational by the fourth quarter of 2026 and will facilitate the production of high-grade gold-silver concentrates.

During this early phase, Denarius Metals has been shipping mined materials to a local port, from where Trafigura, under a long-term offtake contract, will purchase the outputs. The payability rates for metals during this period range between 30% to 70% for gold and 20% to 40% for silver. Following the commencement of concentrate shipments, these rates are expected to rise substantially to 86% - 90% for gold and 35% - 45% for silver, depending on the concentrate grades.

Summary of Operating Results

The operational results during the early production phase at the Zancudo Project can be summarized as follows:

• - 2025: 1st Quarter: 2,092 tonnes mined; 2nd Quarter: 2,337 tonnes mined
• - 2026: 1st Quarter: Total 6,244 tonnes mined (including both quarters)
• - Average gold grade: 11.4 g/t for the first half of 2026
• - Total silver ounces produced in the first half reached 47,502 ounces with a notable gold contribution of 2,279 ounces.

Future Prospects

Denarius Metals seems poised for a promising future as its operational advancements continue. The company’s ambitious plans include not only expanding its mining capabilities at Zancudo but also the broader strategies targeting growth within Spain where Denarius holds interests in critical mineral projects, including nickel and copper.

With a strategic partnership initiated in early 2026 with ProGrowth Ltd., a diversified firm based in Saudi Arabia, Denarius is looking to explore further commercial opportunities, particularly in processing and smelting operations within the Kingdom. This collaboration aims to identify and develop new mining concessions for gold and nickel, indicating a strategic expansion of its operational footprint.

In conclusion, Denarius Metals is not only leveraging its existing assets effectively but also positioning itself strategically for future growth in both Colombian and international terrains. The impressive Q2 2026 production results reflect its commitment to advancing towards its goals and enhancing shareholders' value as it navigates the evolving mining landscape.