Colombia

Denarius scrapped its takeover of Emerita in Spain and will focus on ramping operations at its Zancudo gold-silver mine in Colombia. This shift redirects capital from M&A activity to production expansion at an existing precious metals operation.

An NYT investigation reveals that illegally mined gold from Colombia enters formal gold markets through money laundering networks that reach the US Mint. This exposes critical vulnerabilities in precious metals supply chain verification and could impact gold market integrity and regulatory oversight.