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Denarius Metals Announces Third Quarter and First Nine Months 2026 Financial Results

Newsfile Corp•12/11/2026•17:14 ET
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Key Highlights

  • ➤Q3 revenue $8.0 million; nine-month revenue reached $16.5 million
  • ➤Nine-month gross profit $6.3 million, equal to approximately 38% of revenue
  • ➤Q3 shipments rose 72% sequentially to 6,727 tonnes of mined material
  • ➤Cash increased to $13.9 million; working capital improved to $7.4 million
  • ➤15.3% Copper Giant stake acquired through a CA$28.8 million investment

* Fourth consecutive quarter of growth in shipments of crushed material from the Zancudo Project for sale to Trafigura, up 72% over the second quarter. 1,744 payable gold ounces in the third quarter brings the total for the first nine months of 2026 to 3,260 ounces of gold. * $8.0 million of revenue in the third quarter brings the total for the first nine months of 2026 to $16.5 million. Year-to-date gross profit of $6.3 million, equivalent to 38% of revenue. * Balance sheet significantly strengthened through the early redemption of the Debentures at the end of July 2026. Cash position of $13.9 million as at September 30, 2026. * Completed strategic investment with 15% equity interest in Copper Giant, gaining exposure to its Mocoa copper-molybdenum project in Colombia. Toronto, Ontario--(Newsfile Corp. - November 12, 2026) - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or "the Company") announced today that it has filed its unaudited interim condensed consolidated financial statements and accompanying management's discussion and analysis (MD&A) for the three and nine months ended September 30, 2026. These documents can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca. All financial figures contained herein are expressed in U.S. dollars unless otherwise noted. Non-GAAP financial performance measures in this press release are identified with "(NG)". For a detailed description of each of the non-GAAP measures used in this press release and a detailed reconciliation to the most directly comparable measure under IFRS, please refer to the Company's MD&A.

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