Denarius Metals Corp (TSE:DMET) has released an update.

Denarius Metals Corp. has pursued aggressive development and exploration in 2023, spending $15.0 million to advance their Zancudo and Aguablanca projects, with the former expected to start production in 2024. The company has completed significant milestones, including a Pre-Feasibility Study for the Aguablanca Project and acquiring a 50% interest in Rio Narcea Recursos, which includes a processing plant and an underground mine in Spain. These strategic moves position Denarius Metals as an up-and-coming metals producer with a focus on gold, silver, nickel, and copper, looking to commence production in its Colombian and Spanish mines within the next 12 months.

For further insights into TSE:DMET stock, check out TipRanks’ Stock Analysis page.