# $4.3 Billion For Antamina's Silver; $469 Million In One Quarter For Royal Gold - The Royalty Companies Continue Expanding Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/4-3-billion-for-antamina-s-silver-469-million-in-one-quarter-for-royal-gold-the--e4c0c93c-a8e7-4d9d-bcb8-6d853b227644 Original source: https://money.tmx.com/en/quote/RGLD/news/8669523256613943/4-3-billion-for-antamina-s-silver-469-million-in-one-quarter-for-royal-gold-the- Publisher: tmx Original announcement: 2026-05-12T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Greenland Mines Ltd. - Ticker: GRML - Exchange: TSX - Region: Unavailable - Primary commodity: Palladium - Secondary commodities: Gold, Platinum - Document categories: Resource update, Other - Extracted: 2026-08-26 06:29:59 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Greenland Mines released a sensitivity analysis for its Skaergaard Project, showing that high metal prices could imply a 45-55% grade uplift in palladium-equivalent for the existing 2022 resource. The project remains an undeveloped Pd-Au-Pt deposit with no completed feasibility studies or PEAs. Reasoning: The document reports a sensitivity analysis on an existing 2022 resource rather than a new MRE, showing significant grade uplift under high-price assumptions. - Positive factor: large scale deposit - Positive factor: high-price sensitivity uplift - Negative factor: not a new resource estimate - Negative factor: illustrative sensitivity only - Negative factor: no economic studies completed Facts used in scoring: 4 ## Classification and evidence **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The 2022 resource includes a significant Inferred component. Evidence · text > across the combined Indicated and Inferred categories **Historical Estimate Only** Polarity: negative Definition: Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling. Why it applies: The sensitivity analysis is based on a 2022 NI 43-101 resource, not a new estimate. Evidence · text > The 2022 NI 43-101 Mineral Resource on Skaergaard ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (4) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/4-3-billion-for-antamina-s-silver-469-million-in-one-quarter-for-royal-gold-the--e4c0c93c-a8e7-4d9d-bcb8-6d853b227644#fact-resource-facts-0) palladium Historical result Needs review: historical\_restatement #### Identity - Commodity: palladium - Ticker: GRML #### Resource Data - Category: indicated - Contained Metal: 16580000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2026-05-12T00:00:00.000Z Reasoning: Indicated palladium-equivalent tonnes in high-price sensitivity case based on 2022 model. - Positive factor: high-price case uplift - Negative factor: sensitivity only - Negative factor: historical base Evidence · text > indicates 16.58 Moz palladium-equivalent Indicated ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/4-3-billion-for-antamina-s-silver-469-million-in-one-quarter-for-royal-gold-the--e4c0c93c-a8e7-4d9d-bcb8-6d853b227644#fact-resource-facts-1) palladium Historical result Needs review: historical\_restatement #### Identity - Commodity: palladium - Ticker: GRML #### Resource Data - Category: inferred - Contained Metal: 21920000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2026-05-12T00:00:00.000Z Reasoning: Inferred palladium-equivalent tonnes in high-price sensitivity case based on 2022 model. - Positive factor: high-price case uplift - Negative factor: sensitivity only - Negative factor: historical base Evidence · text > 21.92 Moz palladium-equivalent Inferred in the high-price case ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/4-3-billion-for-antamina-s-silver-469-million-in-one-quarter-for-royal-gold-the--e4c0c93c-a8e7-4d9d-bcb8-6d853b227644#fact-resource-facts-2) gold Historical result Needs review: historical\_restatement #### Identity - Commodity: gold - Ticker: GRML #### Resource Data - Category: indicated - Contained Metal: 23500000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2026-05-12T00:00:00.000Z Reasoning: Historical gold-equivalent resource stated in 2022 NI 43-101. Evidence · text > 23.5 Moz gold-equivalent across the combined Indicated and Inferred categories ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/4-3-billion-for-antamina-s-silver-469-million-in-one-quarter-for-royal-gold-the--e4c0c93c-a8e7-4d9d-bcb8-6d853b227644#fact-resource-facts-3) palladium Historical result Needs review: historical\_restatement #### Identity - Commodity: palladium - Ticker: GRML #### Resource Data - Category: indicated - Contained Metal: 25400000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2022-01-01T00:00:00.000Z #### Dates - Event date: 2026-05-12T00:00:00.000Z Reasoning: Historical palladium-equivalent resource stated in 2022 NI 43-101. Evidence · text > hosts 25.4 Moz palladium-equivalent ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.