Denarius Metals Reports Revenue Surge at Zancudo Project

The company, which began early-stage mining at the site in 2025, is currently utilizing artisanal methods to extract gold and silver while simultaneously developing the mine for long-term, semi-mechanized production. Executive Chairman Serafino Iacono noted that head grades remain robust, averaging 11.3 g/t for gold and 217.1 g/t for silver during the period. The material is currently sold to Trafigura under a long-term offtake agreement, which will transition to higher payability rates once the company begins shipping processed concentrates.

Development efforts remain focused on the construction of a new 1,000 tonnes per day processing plant, slated for completion by the fourth quarter of 2026. This facility is expected to shift the project from its current early production phase into a more conventional mining operation. Beyond the Zancudo site, Denarius Metals continues to manage a portfolio of polymetallic assets in Spain and is currently pursuing a strategic partnership to explore mining opportunities within Saudi Arabia.