Amidst economic uncertainty, gold and silver stand out as safe-haven assets, revealing substantial opportunities in 2024, fueled by proposed Fed rate cuts and persistent inflation concerns.
Denarius Metals is at the forefront, making strides in advancing two mines into production this year. The Zancudo high-grade gold-silver project in Colombia is particularly noteworthy, with a Preliminary Economic Assessment revealing robust economics: ATNPV5% of $206M and an extraordinary AT-IRR of 287%. Despite such promising figures, DSLV trades at just 25% of AT-NPV5%, making it a compelling consideration.
Funding is secured with a manageable initial CAPEX of $15M, thanks to existing underground mine development and successful convertible debenture financing.
Noteworthy strategic moves include the recent acquisition of the Aguablanca nickel-copper project in Spain, slated for fast-tracked production within the next 12 months. By processing materials from Lomero at Aguablanca, Denarius Metals Corp. is optimizing operations, reducing costs, and expediting production timelines.
Anticipation mounts in the industry as Q1-2024 promises a PEA for Lomero-Aguablanca and an updated resource estimate for the Toral zinc-lead-silver project in northern Spain. Trading at C$20/oz AuEq, Denarius Metals Corp. presents a 41% discount compared to the sector average of C$34/oz, signaling a potential value proposition.
*FRC provides issuer paid coverage.
*Past performance is not indicative of future results.