Royalty Qualitative Information
The Zancudo Project is located in the Cauca Belt of Colombia, roughly 30 km southwest of Medellín, and is fully owned by Denarius Metals. The project covers 1,054 hectares and includes three mining concessions and one exploration license. Denarius Metals acquired Zancudo from Gran Colombia Gold in 2021, and fully earned into the project in 2022 and is now the 100% owner.
Mining at Zancudo began in April 2025 with first shipments of ore in June 2025. Construction is underway on a new 1,000 tpd processing plant, expected to be completed by year-end 2025.