Fortuna Reports 15% Increase YoY in Consolidated Mineral Reserves and updates estimate of Sunbird deposit, Séguéla
Original announcement by orestocks on
- Company
- Fortuna Mining Corp.
- Ticker
- FVI.TO
- Exchange
- Unavailable
- Region
- Unavailable
- Primary commodity
- Gold
- Secondary commodities
- Silver, Lead, Zinc
- Document categories
- Resource update
- Extracted
- 2026-10-01 04:14:17 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Fortuna Mining Corp. announced a 15% year-over-year increase in consolidated Proven and Probable Mineral Reserves, reaching 3.0 million gold equivalent ounces. This update includes a substantial 34% increase in underground Mineral Reserves and a 55% increase in Inferred Mineral Resources for the Sunbird deposit at Séguéla, following successful drilling. Additionally, the Diamba Sud project saw a 165% growth in Indicated Resource gold ounces, with a feasibility study progressing towards a construction decision.
Reasoning: Fortuna reported significant year-over-year increases in consolidated mineral reserves and resources, driven by strong results at Séguéla and Diamba Sud, which is highly positive for the company's growth profile. While some projects experienced grade decreases or depletion, the overall growth in contained metal and resource confidence is a strong positive signal.
Positive factors
- Consolidated Proven and Probable Mineral Reserves increased by 15% year-over-year to 3.0 million GEOs.
- Consolidated Measured and Indicated Resources increased by 56% year-over-year to 2.1 million GEOs.
- Consolidated Inferred Mineral Resources increased by 4% year-over-year to 2.2 million GEOs.
- Séguéla's Sunbird deposit saw a 34% increase in underground Mineral Reserves and a 55% increase in Inferred Mineral Resources.
- Diamba Sud project achieved a 165% increase in Indicated Resource gold ounces due to successful drilling.
- Feasibility study for Diamba Sud is on track for first-time reporting of Mineral Reserves, supporting a construction decision.
Negative factors
- Séguéla's Proven and Probable gold grade decreased slightly from 3.38 g/t to 3.01 g/t Au.
- Séguéla's Measured and Indicated gold grade decreased from 3.59 g/t to 2.58 g/t Au.
- Séguéla's Inferred gold grade decreased by 4%.
- Lindero Mine experienced a decrease in Mineral Reserves due to production-related depletion.
- Caylloma Mine's Mineral Reserves and Resources were impacted by production depletion and changes in metal price ratios.
- Diamba Sud's Inferred Mineral Resources decreased due to upgrading to higher classification categories.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 103
Classification and evidence
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Fortuna successfully increased Mineral Reserves by 15% year-over-year, after accounting for production related depletion.
Evidence · text
“Fortuna successfully increased Mineral Reserves by 15% year-over-year”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: Consolidated Proven and Probable Mineral Reserves are reported containing 3.0 million gold equivalent ounces (“GEOs”) representing a year-over-year increase of 15%.
Evidence · text
“Consolidated Proven and Probable Mineral Reserves are reported containing 3.0 million gold equivalent ounces (“GEOs”) representing a year-over-year increase of 15%.”
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: Changes are due to the upgrading of resources to reserves representing 819,000 GEOs, primarily at Séguéla.
Evidence · text
“Changes are due to the upgrading of resources to reserves representing 819,000 GEOs, primarily at Séguéla”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Consolidated Measured and Indicated Resources exclusive of Mineral Reserves are reported containing 2.1 million GEOs representing a year-over-year increase of 56%.
Evidence · text
“Consolidated Measured and Indicated Resources exclusive of Mineral Reserves are reported containing 2.1 million GEOs representing a year-over-year increase of 56%.”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Consolidated Inferred Mineral Resources are reported containing 2.2 million GEOs representing a year-over-year increase of 4%.
Evidence · text
“Consolidated Inferred Mineral Resources are reported containing 2.2 million GEOs representing a year-over-year increase of 4%.”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Underground Mineral Reserves for Séguéla’s Sunbird deposit are reported as 4.4 Mt averaging 3.80 g/t Au containing 539,000 ounces of gold, an increase of 34% to its maiden estimate.
Evidence · text
“Underground Mineral Reserves for Séguéla’s Sunbird deposit are reported as 4.4 Mt averaging 3.80 g/t Au containing 539,000 ounces of gold, an increase of 34%”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: Underground Mineral Reserves for Séguéla’s Sunbird deposit are reported as 4.4 Mt averaging 3.80 g/t Au containing 539,000 ounces of gold, an increase of 34% to its maiden estimate.
Evidence · text
“Underground Mineral Reserves for Séguéla’s Sunbird deposit are reported as 4.4 Mt averaging 3.80 g/t Au containing 539,000 ounces of gold, an increase of 34%”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: Inferred Mineral Resources are reported as 2.9 Mt averaging 4.45 g/t Au containing 417,000 ounces of gold, a 55% increase.
Evidence · text
“Inferred Mineral Resources are reported as 2.9 Mt averaging 4.45 g/t Au containing 417,000 ounces of gold, a 55% increase.”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: Inferred Mineral Resources are reported as 2.9 Mt averaging 4.45 g/t Au containing 417,000 ounces of gold, a 55% increase.
Evidence · text
“Inferred Mineral Resources are reported as 2.9 Mt averaging 4.45 g/t Au containing 417,000 ounces of gold, a 55% increase.”
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: Diamba Sud’s feasibility study remains on track for first-time reporting of Mineral Reserves in support of a construction decision by the end of this quarter.
Evidence · text
“Diamba Sud’s feasibility study remains on track for first-time reporting of Mineral Reserves in support of a construction decision by the end of this quarter.”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: Reserve and resource estimates included in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves.
Evidence · text
“Reserve and resource estimates included in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”)”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Mineral Reserves for the Séguéla Mine are reported on a 100% ownership basis and estimated using incremental gold grade cut-offs for open pit mining of 0.73 g/t Au for Antenna and Koula, 0.74 g/t Au for Sunbird, 0.75 g/t Au for Boulder and Kingfisher, 0.76 g/t Au for Agouti, and 0.83 g/t Au for the Ancien and Badior deposits, and for underground mining of 2.14 g/t for Sunbird.
Evidence · text
“Mineral Reserves for the Séguéla Mine are reported on a 100% ownership basis and estimated using incremental gold grade cut-offs for open pit mining of 0.73 g/t Au for Antenna and Koula, 0.74 g/t Au for Sunbird, 0.75 g/t Au for Boulder and Kingfisher, 0.76 g/t Au for Agouti, and 0.83 g/t Au for the Ancien and Badior deposits, and for underground mining of 2.14 g/t for Sunbird.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Eric Chapman, P. Geo. (EGBC #36328), is the Qualified Person responsible for Mineral Resources; Raul Espinoza (FAUSIMM (CP) #309581) is the Qualified Person responsible for Mineral Reserves; both being employees of Fortuna Mining Corp.
Evidence · text
“Eric Chapman, P. Geo. (EGBC #36328), is the Qualified Person responsible for Mineral Resources; Raul Espinoza (FAUSIMM (CP) #309581) is the Qualified Person responsible for Mineral Reserves; both being employees of Fortuna Mining Corp.”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: Fortuna Reports 15% Increase YoY in Consolidated Mineral Reserves and updates estimate of Sunbird deposit, Séguéla
Evidence · text
“Fortuna Reports 15% Increase YoY in Consolidated Mineral Reserves and updates estimate of Sunbird deposit, Séguéla”
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: Proven and Probable Mineral Reserve tonnes increased from 9.75 Mt to 16.36 Mt, up 68%, while the gold grade decreased slightly from 3.38 g/t to 3.01 g/t Au.
Evidence · text
“gold grade decreased slightly from 3.38 g/t to 3.01 g/t Au”
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: Proven and Probable Mineral Reserve tonnes increased from 9.75 Mt to 16.36 Mt, up 68%, while the gold grade decreased slightly from 3.38 g/t to 3.01 g/t Au.
Evidence · text
“Proven and Probable Mineral Reserve tonnes increased from 9.75 Mt to 16.36 Mt, up 68%, while the gold grade decreased slightly from 3.38 g/t to 3.01 g/t Au.”
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: Measured and Indicated Mineral Resources, exclusive of Mineral Reserves, increased from 3.44 Mt to 5.65 Mt, up 64%, with contained gold increasing by 73,000 ounces, or 18%, while the gold grade decreased from 3.59 g/t to 2.58 g/t gold.
Evidence · text
“gold grade decreased from 3.59 g/t to 2.58 g/t gold”
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: Measured and Indicated Mineral Resources, exclusive of Mineral Reserves, increased from 3.44 Mt to 5.65 Mt, up 64%, with contained gold increasing by 73,000 ounces, or 18%, while the gold grade decreased from 3.59 g/t to 2.58 g/t gold.
Evidence · text
“Measured and Indicated Mineral Resources, exclusive of Mineral Reserves, increased from 3.44 Mt to 5.65 Mt, up 64%, with contained gold increasing by 73,000 ounces, or 18%, while the gold grade decreased from 3.59 g/t to 2.58 g/t gold.”
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: Inferred Mineral Resource tonnes increased from 6.77 Mt to 9.99 Mt, up 48%, while gold grade decreased by 4%, resulting in an increase in contained gold of 261,000 ounces, or 42%.
Evidence · text
“gold grade decreased by 4%”
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: Inferred Mineral Resource tonnes increased from 6.77 Mt to 9.99 Mt, up 48%, while gold grade decreased by 4%, resulting in an increase in contained gold of 261,000 ounces, or 42%.
Evidence · text
“Inferred Mineral Resource tonnes increased from 6.77 Mt to 9.99 Mt, up 48%, while gold grade decreased by 4%, resulting in an increase in contained gold of 261,000 ounces, or 42%.”
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: Year-over-year mining depletion resulted in a decrease in Mineral Reserves of 6.1 Mt containing 121,000 ounces of gold.
Evidence · text
“Year-over-year mining depletion resulted in a decrease in Mineral Reserves of 6.1 Mt containing 121,000 ounces of gold.”
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: Year-over-year mining depletion resulted in a decrease in Mineral Reserves of 6.1 Mt containing 121,000 ounces of gold.
Evidence · text
“Year-over-year mining depletion resulted in a decrease in Mineral Reserves of 6.1 Mt containing 121,000 ounces of gold.”
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: Year-over-year, Proven and Probable Mineral Reserve tonnes decreased from 2.44 to 2.28 Mt.
Evidence · text
“Year-over-year, Proven and Probable Mineral Reserve tonnes decreased from 2.44 to 2.28 Mt.”
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: A change in the gold-to-silver and base metal ratio resulting from higher gold prices reduced Mineral Reserves by 47,000 GEOs.
Evidence · text
“A change in the gold-to-silver and base metal ratio resulting from higher gold prices reduced Mineral Reserves by 47,000 GEOs.”
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: Year-over-year, Measured and Indicated Mineral Resources increased from 7.8 Mt to 26.0 Mt, representing an increase of 236%, while gold grade decreased by 21%, resulting in an increase of 781,000 ounces of gold or 165%.
Evidence · text
“gold grade decreased by 21%”
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: Year-over-year, Measured and Indicated Mineral Resources increased from 7.8 Mt to 26.0 Mt, representing an increase of 236%, while gold grade decreased by 21%, resulting in an increase of 781,000 ounces of gold or 165%.
Evidence · text
“Year-over-year, Measured and Indicated Mineral Resources increased from 7.8 Mt to 26.0 Mt, representing an increase of 236%, while gold grade decreased by 21%, resulting in an increase of 781,000 ounces of gold or 165%.”
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: Inferred Mineral Resource tonnes decreased from 3.1 Mt to 2.1 Mt, with gold grade decreasing by 23%, resulting in a reduction of 71,000 ounces of gold, or 48%, due to upgrading in resource classification as a result of infill drilling.
Evidence · text
“Inferred Mineral Resource tonnes decreased from 3.1 Mt to 2.1 Mt”
Grade Declinenegative
Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: Inferred Mineral Resource tonnes decreased from 3.1 Mt to 2.1 Mt, with gold grade decreasing by 23%, resulting in a reduction of 71,000 ounces of gold, or 48%, due to upgrading in resource classification as a result of infill drilling.
Evidence · text
“gold grade decreasing by 23%”
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: Inferred Mineral Resource tonnes decreased from 3.1 Mt to 2.1 Mt, with gold grade decreasing by 23%, resulting in a reduction of 71,000 ounces of gold, or 48%, due to upgrading in resource classification as a result of infill drilling.
Evidence · text
“reduction of 71,000 ounces of gold, or 48%”
Extracted facts
Stored fact records: 103. Some facts used in scoring do not have a stored record.
Resource Estimates (103)
provenSéguéla · goldTonnes: 588000Grade: 1.6Grade Unit: g/tContained Metal: 30Contained Unit: kozView all detailsHide details
Identity
- Project
- Séguéla
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- Côte d’Ivoire
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:59a7d80d92874a01c170
- Ownership percent
- 90 %
- Resource basis
- gross
Resource Data
- Category
- proven
- Tonnes
- 588000
- Grade
- 1.6
- Grade Unit
- g/t
- Contained Metal
- 30
- Contained Unit
- koz
- Cutoff Grade
- 0.74
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-03-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Proven reserve for Séguéla contributes to the overall reserve increase, indicating high confidence in this portion of the resource.
Positive factors
- Proven reserve category indicates high confidence.
- Part of a consolidated reserve increase.
Evidence · table
“1.60”
Context: 588
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probableSéguéla · goldTonnes: 15768000Grade: 3.13Grade Unit: g/tContained Metal: 1586Contained Unit: kozView all detailsHide details
Identity
- Project
- Séguéla
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- Côte d’Ivoire
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:2c2d4a5d4e1046d4b6fd
- Ownership percent
- 90 %
- Resource basis
- gross
Resource Data
- Category
- probable
- Tonnes
- 15768000
- Grade
- 3.13
- Grade Unit
- g/t
- Contained Metal
- 1586
- Contained Unit
- koz
- Cutoff Grade
- 0.74
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-03-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Probable reserve for Séguéla shows a substantial increase in contained gold, contributing significantly to the overall reserve growth, despite a slight grade decrease.
Positive factors
- Probable reserve category indicates good confidence.
- Significant contribution to the consolidated reserve increase, especially from Séguéla's Sunbird deposit.
Negative factors
- Gold grade decreased slightly from prior estimates for Séguéla P+P reserves.
Evidence · table
“3.13”
Context: 15,768
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probableGold Mines Total · goldTonnes: 16356000Grade: 3.01Grade Unit: g/tContained Metal: 1616Contained Unit: kozView all detailsHide details
Identity
- Project
- Gold Mines Total
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:8ae503253f7f7790d29d
Resource Data
- Category
- probable
- Tonnes
- 16356000
- Grade
- 3.01
- Grade Unit
- g/t
- Contained Metal
- 1616
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-03-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined Proven and Probable reserves for Séguéla represent a substantial portion of the company's gold reserves, contributing to overall growth despite a slight grade reduction.
Positive factors
- Combined Proven + Probable reserves for Séguéla show significant contained gold.
Negative factors
- Gold grade decreased slightly from prior estimates for Séguéla P+P reserves.
Evidence · table
“3.01”
Context: 16,356
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
provenLindero · goldTonnes: 22291000Grade: 0.54Grade Unit: g/tContained Metal: 390Contained Unit: kozView all detailsHide details
Identity
- Project
- Lindero
- Commodity
- gold
- Region
- argentina
- Reported Region
- Argentina
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:4e7969e7eff8ba0c3785
Resource Data
- Category
- proven
- Tonnes
- 22291000
- Grade
- 0.54
- Grade Unit
- g/t
- Contained Metal
- 390
- Contained Unit
- koz
- Cutoff Grade
- 0.25
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Proven reserves at Lindero contribute to the company's overall reserves, but the project is experiencing depletion from mining.
Positive factors
- Proven reserve category indicates high confidence.
Negative factors
- Lindero Mine experienced production-related depletion.
Evidence · table
“0.54”
Context: 22,291
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probableLindero · goldTonnes: 42064000Grade: 0.53Grade Unit: g/tContained Metal: 718Contained Unit: kozView all detailsHide details
Identity
- Project
- Lindero
- Commodity
- gold
- Region
- argentina
- Reported Region
- Argentina
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:40a73adac62e51ecbc95
Resource Data
- Category
- probable
- Tonnes
- 42064000
- Grade
- 0.53
- Grade Unit
- g/t
- Contained Metal
- 718
- Contained Unit
- koz
- Cutoff Grade
- 0.25
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Probable reserves at Lindero contribute to the company's overall reserves, but the project is experiencing depletion from mining.
Positive factors
- Probable reserve category indicates good confidence.
Negative factors
- Lindero Mine experienced production-related depletion.
Evidence · table
“0.53”
Context: 42,064
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probableGold Mines Total · goldTonnes: 64355000Grade: 0.54Grade Unit: g/tContained Metal: 1108Contained Unit: kozView all detailsHide details
Identity
- Project
- Gold Mines Total
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:7928252101c068cc819a
Resource Data
- Category
- probable
- Tonnes
- 64355000
- Grade
- 0.54
- Grade Unit
- g/t
- Contained Metal
- 1108
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined Proven and Probable reserves for Lindero are a significant part of the company's gold reserves, but depletion is noted.
Positive factors
- Combined Proven + Probable reserves for Lindero contribute to the company's gold reserve base.
Negative factors
- Lindero Mine experienced production-related depletion.
Evidence · table
“0.54”
Context: 64,355
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probableGold Mines Total · goldTonnes: 80711000Grade: 1.04Grade Unit: g/tContained Metal: 2724Contained Unit: kozView all detailsHide details
Identity
- Project
- Gold Mines Total
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:322b2d4d19dab2da5092
Resource Data
- Category
- probable
- Tonnes
- 80711000
- Grade
- 1.04
- Grade Unit
- g/t
- Contained Metal
- 2724
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The consolidated gold reserves from all gold mines represent a significant asset base for the company.
Positive factors
- Total Proven + Probable gold reserves for all gold mines are substantial.
Evidence · table
“1.04”
Context: 80,711
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
provenCaylloma · silverTonnes: 171000Grade: 114Grade Unit: g/tContained Metal: 19Contained Unit: kozView all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:8ab95a8a18373033ebf2
Resource Data
- Category
- proven
- Tonnes
- 171000
- Grade
- 114
- Grade Unit
- g/t
- Contained Metal
- 19
- Contained Unit
- koz
- Cutoff Grade
- 85.71
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Proven silver reserves at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Proven reserve category indicates high confidence.
Negative factors
- Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios.
Evidence · table
“114”
Context: 171
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
provenCaylloma · goldTonnes: 171000Grade: 0.38Grade Unit: g/tView all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:8ab95a8a18373033ebf2
Resource Data
- Category
- proven
- Tonnes
- 171000
- Grade
- 0.38
- Grade Unit
- g/t
- Cutoff Grade
- 85.71
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Proven gold reserves at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Proven reserve category indicates high confidence.
Negative factors
- Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios.
Evidence · table
“0.38”
Context: 171
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenCaylloma · leadTonnes: 171000Grade: 2.8Grade Unit: %View all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- lead
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:8ab95a8a18373033ebf2
Resource Data
- Category
- proven
- Tonnes
- 171000
- Grade
- 2.8
- Grade Unit
- %
- Cutoff Grade
- 85.71
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Proven lead reserves at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Proven reserve category indicates high confidence.
Negative factors
- Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios.
Evidence · table
“2.80”
Context: 171
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenCaylloma · zincTonnes: 171000Grade: 2.77Grade Unit: %View all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- zinc
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:8ab95a8a18373033ebf2
Resource Data
- Category
- proven
- Tonnes
- 171000
- Grade
- 2.77
- Grade Unit
- %
- Cutoff Grade
- 85.71
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Proven zinc reserves at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Proven reserve category indicates high confidence.
Negative factors
- Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios.
Evidence · table
“2.77”
Context: 171
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableCaylloma · silverTonnes: 2104000Grade: 86Grade Unit: g/tContained Metal: 218Contained Unit: kozView all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:36794f13b73d2d0ba6a4
Resource Data
- Category
- probable
- Tonnes
- 2104000
- Grade
- 86
- Grade Unit
- g/t
- Contained Metal
- 218
- Contained Unit
- koz
- Cutoff Grade
- 85.71
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Probable silver reserves at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Probable reserve category indicates good confidence.
Negative factors
- Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios.
Evidence · table
“86”
Context: 2,104
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probableCaylloma · goldTonnes: 2104000Grade: 0.27Grade Unit: g/tView all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:36794f13b73d2d0ba6a4
Resource Data
- Category
- probable
- Tonnes
- 2104000
- Grade
- 0.27
- Grade Unit
- g/t
- Cutoff Grade
- 85.71
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Probable gold reserves at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Probable reserve category indicates good confidence.
Negative factors
- Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios.
Evidence · table
“0.27”
Context: 2,104
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableCaylloma · leadTonnes: 2104000Grade: 2.39Grade Unit: %View all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- lead
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:36794f13b73d2d0ba6a4
Resource Data
- Category
- probable
- Tonnes
- 2104000
- Grade
- 2.39
- Grade Unit
- %
- Cutoff Grade
- 85.71
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Probable lead reserves at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Probable reserve category indicates good confidence.
Negative factors
- Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios.
Evidence · table
“2.39”
Context: 2,104
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableCaylloma · zincTonnes: 2104000Grade: 3.56Grade Unit: %View all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- zinc
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:36794f13b73d2d0ba6a4
Resource Data
- Category
- probable
- Tonnes
- 2104000
- Grade
- 3.56
- Grade Unit
- %
- Cutoff Grade
- 85.71
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Probable zinc reserves at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Probable reserve category indicates good confidence.
Negative factors
- Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios.
Evidence · table
“3.56”
Context: 2,104
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableSilver Mine Total · silverTonnes: 2275000Grade: 89Grade Unit: g/tContained Metal: 238Contained Unit: kozView all detailsHide details
Identity
- Project
- Silver Mine Total
- Commodity
- silver
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:e4b9dd9689367113bd34
Resource Data
- Category
- probable
- Tonnes
- 2275000
- Grade
- 89
- Grade Unit
- g/t
- Contained Metal
- 238
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined Proven and Probable silver reserves for Caylloma are part of the company's reserve base, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Combined Proven + Probable silver reserves for Caylloma.
Negative factors
- Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios.
Evidence · table
“89”
Context: 2,275
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
probableSilver Mine Total · goldTonnes: 2275000Grade: 0.28Grade Unit: g/tView all detailsHide details
Identity
- Project
- Silver Mine Total
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:e4b9dd9689367113bd34
Resource Data
- Category
- probable
- Tonnes
- 2275000
- Grade
- 0.28
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined Proven and Probable gold reserves for Caylloma are part of the company's reserve base, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Combined Proven + Probable gold reserves for Caylloma.
Negative factors
- Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios.
Evidence · table
“0.28”
Context: 2,275
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableSilver Mine Total · leadTonnes: 2275000Grade: 2.42Grade Unit: %View all detailsHide details
Identity
- Project
- Silver Mine Total
- Commodity
- lead
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:e4b9dd9689367113bd34
Resource Data
- Category
- probable
- Tonnes
- 2275000
- Grade
- 2.42
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined Proven and Probable lead reserves for Caylloma are part of the company's reserve base, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Combined Proven + Probable lead reserves for Caylloma.
Negative factors
- Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios.
Evidence · table
“2.42”
Context: 2,275
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableSilver Mine Total · zincTonnes: 2275000Grade: 3.5Grade Unit: %View all detailsHide details
Identity
- Project
- Silver Mine Total
- Commodity
- zinc
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:e4b9dd9689367113bd34
Resource Data
- Category
- probable
- Tonnes
- 2275000
- Grade
- 3.5
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined Proven and Probable zinc reserves for Caylloma are part of the company's reserve base, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Combined Proven + Probable zinc reserves for Caylloma.
Negative factors
- Caylloma Mine's reserves were impacted by production depletion and changes in metal price ratios.
Evidence · table
“3.50”
Context: 2,275
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableConsolidated TotalContained Metal: 2961Contained Unit: kozView all detailsHide details
Identity
- Project
- Consolidated Total
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:e04681627c60d6417a09
Resource Data
- Category
- probable
- Contained Metal
- 2961
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-03-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The consolidated total Proven and Probable GEOs show a significant year-over-year increase, indicating overall growth in the company's reserve base.
Positive factors
- Consolidated Proven and Probable Mineral Reserves increased by 15% year-over-year to 3.0 million GEOs.
Evidence · table
“2,961”
Context: Proven + Probable
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedSéguéla · goldTonnes: 5651000Grade: 2.58Grade Unit: g/tContained Metal: 469Contained Unit: kozView all detailsHide details
Identity
- Project
- Séguéla
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- Côte d’Ivoire
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:e38de00cf99f16050436
- Ownership percent
- 90 %
Resource Data
- Category
- indicated
- Tonnes
- 5651000
- Grade
- 2.58
- Grade Unit
- g/t
- Contained Metal
- 469
- Contained Unit
- koz
- Cutoff Grade
- 0.66
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-03-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Indicated resources at Séguéla show a significant increase in contained gold, contributing to the overall growth in M&I resources, despite a grade decrease.
Positive factors
- Indicated resource category indicates good confidence.
- Contributes to the 56% year-over-year increase in consolidated Measured and Indicated Resources.
Negative factors
- Gold grade decreased from prior estimates for Séguéla M+I resources.
Evidence · table
“2.58”
Context: 5,651
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedGold Mines Total · goldTonnes: 5651000Grade: 2.58Grade Unit: g/tContained Metal: 469Contained Unit: kozView all detailsHide details
Identity
- Project
- Gold Mines Total
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:8a4fdac2bb1ad4d9f6aa
Resource Data
- Category
- indicated
- Tonnes
- 5651000
- Grade
- 2.58
- Grade Unit
- g/t
- Contained Metal
- 469
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-03-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined M&I resources for Séguéla are a key part of the company's resource base, showing growth despite a grade reduction.
Positive factors
- Combined Measured + Indicated resources for Séguéla contribute to the overall M&I resource growth.
Negative factors
- Gold grade decreased from prior estimates for Séguéla M&I resources.
Evidence · table
“2.58”
Context: 5,651
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredLindero · goldTonnes: 1692000Grade: 0.53Grade Unit: g/tContained Metal: 29Contained Unit: kozView all detailsHide details
Identity
- Project
- Lindero
- Commodity
- gold
- Region
- argentina
- Reported Region
- Argentina
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:18dfbc95e3061323b3d7
Resource Data
- Category
- measured
- Tonnes
- 1692000
- Grade
- 0.53
- Grade Unit
- g/t
- Contained Metal
- 29
- Contained Unit
- koz
- Cutoff Grade
- 0.23
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Measured resources at Lindero provide a high-confidence component to the company's resource base.
Positive factors
- Measured resource category indicates high confidence.
Evidence · table
“0.53”
Context: 1,692
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedLindero · goldTonnes: 26975000Grade: 0.43Grade Unit: g/tContained Metal: 375Contained Unit: kozView all detailsHide details
Identity
- Project
- Lindero
- Commodity
- gold
- Region
- argentina
- Reported Region
- Argentina
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:7e2d42f5602f68ad79cb
Resource Data
- Category
- indicated
- Tonnes
- 26975000
- Grade
- 0.43
- Grade Unit
- g/t
- Contained Metal
- 375
- Contained Unit
- koz
- Cutoff Grade
- 0.23
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Indicated resources at Lindero contribute to the company's resource base with good confidence.
Positive factors
- Indicated resource category indicates good confidence.
Evidence · table
“0.43”
Context: 26,975
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedGold Mines Total · goldTonnes: 28668000Grade: 0.44Grade Unit: g/tContained Metal: 403Contained Unit: kozView all detailsHide details
Identity
- Project
- Gold Mines Total
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:8bb9305cd056869161c5
Resource Data
- Category
- indicated
- Tonnes
- 28668000
- Grade
- 0.44
- Grade Unit
- g/t
- Contained Metal
- 403
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined M&I resources for Lindero are a significant part of the company's resource base.
Positive factors
- Combined Measured + Indicated resources for Lindero contribute to the overall M&I resource base.
Evidence · table
“0.44”
Context: 28,668
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedGold Mines Total · goldTonnes: 34318000Grade: 0.79Grade Unit: g/tContained Metal: 873Contained Unit: kozView all detailsHide details
Identity
- Project
- Gold Mines Total
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:0e965fd94b29bf12add3
Resource Data
- Category
- indicated
- Tonnes
- 34318000
- Grade
- 0.79
- Grade Unit
- g/t
- Contained Metal
- 873
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The consolidated M&I gold resources from all gold mines represent a significant asset base and show strong growth.
Positive factors
- Total Measured + Indicated gold resources for all gold mines are substantial and show significant year-over-year increase.
Evidence · table
“0.79”
Context: 34,318
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredCaylloma · silverTonnes: 39000Grade: 99Grade Unit: g/tContained Metal: 3Contained Unit: kozView all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:61d9ae50147154a5d761
Resource Data
- Category
- measured
- Tonnes
- 39000
- Grade
- 99
- Grade Unit
- g/t
- Contained Metal
- 3
- Contained Unit
- koz
- Cutoff Grade
- 58
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Measured silver resources at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Measured resource category indicates high confidence.
Negative factors
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“99”
Context: 39
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
measuredCaylloma · goldTonnes: 39000Grade: 0.31Grade Unit: g/tView all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:61d9ae50147154a5d761
Resource Data
- Category
- measured
- Tonnes
- 39000
- Grade
- 0.31
- Grade Unit
- g/t
- Cutoff Grade
- 58
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Measured gold resources at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Measured resource category indicates high confidence.
Negative factors
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“0.31”
Context: 39
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredCaylloma · leadTonnes: 39000Grade: 1.3Grade Unit: %View all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- lead
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:61d9ae50147154a5d761
Resource Data
- Category
- measured
- Tonnes
- 39000
- Grade
- 1.3
- Grade Unit
- %
- Cutoff Grade
- 58
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Measured lead resources at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Measured resource category indicates high confidence.
Negative factors
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“1.30”
Context: 39
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredCaylloma · zincTonnes: 39000Grade: 2.27Grade Unit: %View all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- zinc
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:61d9ae50147154a5d761
Resource Data
- Category
- measured
- Tonnes
- 39000
- Grade
- 2.27
- Grade Unit
- %
- Cutoff Grade
- 58
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Measured zinc resources at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Measured resource category indicates high confidence.
Negative factors
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“2.27”
Context: 39
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCaylloma · silverTonnes: 282000Grade: 95Grade Unit: g/tContained Metal: 21Contained Unit: kozView all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:37ce340e5dc5ac8b65cd
Resource Data
- Category
- indicated
- Tonnes
- 282000
- Grade
- 95
- Grade Unit
- g/t
- Contained Metal
- 21
- Contained Unit
- koz
- Cutoff Grade
- 58
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Indicated silver resources at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Indicated resource category indicates good confidence.
Negative factors
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“95”
Context: 282
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedCaylloma · goldTonnes: 282000Grade: 0.18Grade Unit: g/tView all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:37ce340e5dc5ac8b65cd
Resource Data
- Category
- indicated
- Tonnes
- 282000
- Grade
- 0.18
- Grade Unit
- g/t
- Cutoff Grade
- 58
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Indicated gold resources at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Indicated resource category indicates good confidence.
Negative factors
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“0.18”
Context: 282
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCaylloma · leadTonnes: 282000Grade: 1Grade Unit: %View all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- lead
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:37ce340e5dc5ac8b65cd
Resource Data
- Category
- indicated
- Tonnes
- 282000
- Grade
- 1
- Grade Unit
- %
- Cutoff Grade
- 58
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Indicated lead resources at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Indicated resource category indicates good confidence.
Negative factors
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“1.00”
Context: 282
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCaylloma · zincTonnes: 282000Grade: 2.18Grade Unit: %View all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- zinc
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:37ce340e5dc5ac8b65cd
Resource Data
- Category
- indicated
- Tonnes
- 282000
- Grade
- 2.18
- Grade Unit
- %
- Cutoff Grade
- 58
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Indicated zinc resources at Caylloma contribute to the company's base metal portfolio, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Indicated resource category indicates good confidence.
Negative factors
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“2.18”
Context: 282
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedSilver Mine Total · silverTonnes: 321000Grade: 95Grade Unit: g/tContained Metal: 25Contained Unit: kozView all detailsHide details
Identity
- Project
- Silver Mine Total
- Commodity
- silver
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:ad008f298a89ba681ccf
Resource Data
- Category
- indicated
- Tonnes
- 321000
- Grade
- 95
- Grade Unit
- g/t
- Contained Metal
- 25
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined M&I silver resources for Caylloma are part of the company's resource base, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Combined Measured + Indicated silver resources for Caylloma.
Negative factors
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“95”
Context: 321
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedSilver Mine Total · goldTonnes: 321000Grade: 0.2Grade Unit: g/tView all detailsHide details
Identity
- Project
- Silver Mine Total
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:ad008f298a89ba681ccf
Resource Data
- Category
- indicated
- Tonnes
- 321000
- Grade
- 0.2
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined M&I gold resources for Caylloma are part of the company's resource base, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Combined Measured + Indicated gold resources for Caylloma.
Negative factors
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“0.20”
Context: 321
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedSilver Mine Total · leadTonnes: 321000Grade: 1.03Grade Unit: %View all detailsHide details
Identity
- Project
- Silver Mine Total
- Commodity
- lead
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:ad008f298a89ba681ccf
Resource Data
- Category
- indicated
- Tonnes
- 321000
- Grade
- 1.03
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined M&I lead resources for Caylloma are part of the company's resource base, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Combined Measured + Indicated lead resources for Caylloma.
Negative factors
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“1.03”
Context: 321
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedSilver Mine Total · zincTonnes: 321000Grade: 2.19Grade Unit: %View all detailsHide details
Identity
- Project
- Silver Mine Total
- Commodity
- zinc
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:ad008f298a89ba681ccf
Resource Data
- Category
- indicated
- Tonnes
- 321000
- Grade
- 2.19
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined M&I zinc resources for Caylloma are part of the company's resource base, but the project is facing depletion and metal price ratio impacts.
Positive factors
- Combined Measured + Indicated zinc resources for Caylloma.
Negative factors
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“2.19”
Context: 321
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedDiamba Sud · goldTonnes: 26027000Grade: 1.5Grade Unit: g/tContained Metal: 1254Contained Unit: kozView all detailsHide details
Identity
- Project
- Diamba Sud
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:95cddd9c15753f584e51
Resource Data
- Category
- indicated
- Tonnes
- 26027000
- Grade
- 1.5
- Grade Unit
- g/t
- Contained Metal
- 1254
- Contained Unit
- koz
- Cutoff Grade
- 0.26
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Indicated resources at Diamba Sud show substantial growth in contained gold, indicating successful drilling and progress towards a construction decision, despite a grade decrease.
Positive factors
- Indicated resource category indicates good confidence.
- Significant 165% increase in Indicated Resource gold ounces.
- Feasibility study on track for first-time reporting of Mineral Reserves.
Negative factors
- Gold grade decreased by 21% for M+I resources.
Evidence · table
“1.50”
Context: 26,027
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedGold Project Total · goldTonnes: 26027000Grade: 1.5Grade Unit: g/tContained Metal: 1254Contained Unit: kozView all detailsHide details
Identity
- Project
- Gold Project Total
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:fd9eb9d5127f3560df1d
Resource Data
- Category
- indicated
- Tonnes
- 26027000
- Grade
- 1.5
- Grade Unit
- g/t
- Contained Metal
- 1254
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-01-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined M&I resources for Diamba Sud are a key growth driver for the company, showing substantial increase in contained gold despite a grade reduction.
Positive factors
- Combined Measured + Indicated resources for Diamba Sud show significant growth.
Negative factors
- Gold grade decreased by 21% for M+I resources.
Evidence · table
“1.50”
Context: 26,027
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedConsolidated TotalContained Metal: 2151Contained Unit: kozView all detailsHide details
Identity
- Project
- Consolidated Total
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:2a2a4382049b471aee8a
Resource Data
- Category
- indicated
- Contained Metal
- 2151
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-03-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The consolidated total Measured and Indicated GEOs show a significant year-over-year increase, indicating strong growth in the company's higher-confidence resource base.
Positive factors
- Consolidated Measured and Indicated Resources increased by 56% year-over-year to 2.1 million GEOs.
Evidence · table
“2,151”
Context: Measured + Indicated
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredSéguéla · goldTonnes: 9989000Grade: 2.74Grade Unit: g/tContained Metal: 879Contained Unit: kozView all detailsHide details
Identity
- Project
- Séguéla
- Commodity
- gold
- Region
- côte d’ivoire
- Reported Region
- Côte d’Ivoire
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:15c756036291e74fb821
- Ownership percent
- 90 %
Resource Data
- Category
- inferred
- Tonnes
- 9989000
- Grade
- 2.74
- Grade Unit
- g/t
- Contained Metal
- 879
- Contained Unit
- koz
- Cutoff Grade
- 0.66
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-03-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Inferred resources at Séguéla show a significant increase in contained gold, contributing to overall resource growth, but this category has lower confidence and experienced a grade decrease.
Positive factors
- Contributes to the 4% year-over-year increase in consolidated Inferred Mineral Resources.
- Séguéla's Sunbird deposit saw a 55% increase in Inferred Mineral Resources.
Negative factors
- Inferred resource category has lower geological confidence.
- Gold grade decreased by 4% for Inferred resources.
Evidence · table
“2.74”
Context: 9,989
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredLindero · goldTonnes: 29330000Grade: 0.46Grade Unit: g/tContained Metal: 434Contained Unit: kozView all detailsHide details
Identity
- Project
- Lindero
- Commodity
- gold
- Region
- argentina
- Reported Region
- Argentina
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:99a2a1d9ba0641cd6cc7
Resource Data
- Category
- inferred
- Tonnes
- 29330000
- Grade
- 0.46
- Grade Unit
- g/t
- Contained Metal
- 434
- Contained Unit
- koz
- Cutoff Grade
- 0.23
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Inferred resources at Lindero contribute to the company's resource base, but this category has lower confidence.
Negative factors
- Inferred resource category has lower geological confidence.
Evidence · table
“0.46”
Context: 29,330
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredGold Mines Total · goldTonnes: 39319000Grade: 1.04Grade Unit: g/tContained Metal: 1313Contained Unit: kozView all detailsHide details
Identity
- Project
- Gold Mines Total
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:baf53c0fd8a88c4f9c2f
Resource Data
- Category
- inferred
- Tonnes
- 39319000
- Grade
- 1.04
- Grade Unit
- g/t
- Contained Metal
- 1313
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The consolidated Inferred gold resources from all gold mines represent a significant potential asset base, but with lower geological confidence.
Positive factors
- Combined Inferred gold resources for all gold mines are substantial.
Negative factors
- Inferred resource category has lower geological confidence.
Evidence · table
“1.04”
Context: 39,319
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCaylloma · silverTonnes: 3901000Grade: 96Grade Unit: g/tContained Metal: 381Contained Unit: kozView all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:97d89833930df53561eb
Resource Data
- Category
- inferred
- Tonnes
- 3901000
- Grade
- 96
- Grade Unit
- g/t
- Contained Metal
- 381
- Contained Unit
- koz
- Cutoff Grade
- 58
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Inferred silver resources at Caylloma contribute to the company's base metal portfolio, but this category has lower confidence and the project is facing depletion and metal price ratio impacts.
Negative factors
- Inferred resource category has lower geological confidence.
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“96”
Context: 3,901
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredCaylloma · goldTonnes: 3901000Grade: 0.38Grade Unit: g/tView all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:97d89833930df53561eb
Resource Data
- Category
- inferred
- Tonnes
- 3901000
- Grade
- 0.38
- Grade Unit
- g/t
- Cutoff Grade
- 58
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Inferred gold resources at Caylloma contribute to the company's base metal portfolio, but this category has lower confidence and the project is facing depletion and metal price ratio impacts.
Negative factors
- Inferred resource category has lower geological confidence.
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“0.38”
Context: 3,901
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCaylloma · leadTonnes: 3901000Grade: 1.83Grade Unit: %View all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- lead
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:97d89833930df53561eb
Resource Data
- Category
- inferred
- Tonnes
- 3901000
- Grade
- 1.83
- Grade Unit
- %
- Cutoff Grade
- 58
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Inferred lead resources at Caylloma contribute to the company's base metal portfolio, but this category has lower confidence and the project is facing depletion and metal price ratio impacts.
Negative factors
- Inferred resource category has lower geological confidence.
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“1.83”
Context: 3,901
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCaylloma · zincTonnes: 3901000Grade: 2.81Grade Unit: %View all detailsHide details
Identity
- Project
- Caylloma
- Commodity
- zinc
- Region
- peru
- Reported Region
- Peru
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:97d89833930df53561eb
Resource Data
- Category
- inferred
- Tonnes
- 3901000
- Grade
- 2.81
- Grade Unit
- %
- Cutoff Grade
- 58
- Cutoff Unit
- $/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Inferred zinc resources at Caylloma contribute to the company's base metal portfolio, but this category has lower confidence and the project is facing depletion and metal price ratio impacts.
Negative factors
- Inferred resource category has lower geological confidence.
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“2.81”
Context: 3,901
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSilver Mine Total · silverTonnes: 3901000Grade: 96Grade Unit: g/tContained Metal: 381Contained Unit: kozView all detailsHide details
Identity
- Project
- Silver Mine Total
- Commodity
- silver
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:94a57553694e78508973
Resource Data
- Category
- inferred
- Tonnes
- 3901000
- Grade
- 96
- Grade Unit
- g/t
- Contained Metal
- 381
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined Inferred silver resources for Caylloma are part of the company's resource base, but this category has lower confidence and the project is facing depletion and metal price ratio impacts.
Negative factors
- Inferred resource category has lower geological confidence.
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“96”
Context: 3,901
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredSilver Mine Total · goldTonnes: 3901000Grade: 0.38Grade Unit: g/tView all detailsHide details
Identity
- Project
- Silver Mine Total
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:94a57553694e78508973
Resource Data
- Category
- inferred
- Tonnes
- 3901000
- Grade
- 0.38
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined Inferred gold resources for Caylloma are part of the company's resource base, but this category has lower confidence and the project is facing depletion and metal price ratio impacts.
Negative factors
- Inferred resource category has lower geological confidence.
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“0.38”
Context: 3,901
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSilver Mine Total · leadTonnes: 3901000Grade: 1.83Grade Unit: %View all detailsHide details
Identity
- Project
- Silver Mine Total
- Commodity
- lead
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:94a57553694e78508973
Resource Data
- Category
- inferred
- Tonnes
- 3901000
- Grade
- 1.83
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined Inferred lead resources for Caylloma are part of the company's resource base, but this category has lower confidence and the project is facing depletion and metal price ratio impacts.
Negative factors
- Inferred resource category has lower geological confidence.
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“1.83”
Context: 3,901
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSilver Mine Total · zincTonnes: 3901000Grade: 2.81Grade Unit: %View all detailsHide details
Identity
- Project
- Silver Mine Total
- Commodity
- zinc
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:94a57553694e78508973
Resource Data
- Category
- inferred
- Tonnes
- 3901000
- Grade
- 2.81
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined Inferred zinc resources for Caylloma are part of the company's resource base, but this category has lower confidence and the project is facing depletion and metal price ratio impacts.
Negative factors
- Inferred resource category has lower geological confidence.
- Caylloma Mine's resources were impacted by production depletion and changes in metal price ratios.
Evidence · table
“2.81”
Context: 3,901
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredArizaro · goldTonnes: 32900000Grade: 0.38Grade Unit: g/tContained Metal: 402Contained Unit: kozView all detailsHide details
Identity
- Project
- Arizaro
- Commodity
- gold
- Region
- argentina
- Reported Region
- Argentina
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:bde70398ebbc40c5de6d
Resource Data
- Category
- inferred
- Tonnes
- 32900000
- Grade
- 0.38
- Grade Unit
- g/t
- Contained Metal
- 402
- Contained Unit
- koz
- Cutoff Grade
- 0.23
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Inferred resources at Arizaro show a modest increase in contained gold, contributing to the company's exploration pipeline, but with lower confidence.
Positive factors
- Contained gold ounces increased by 3% compared to the prior year.
Negative factors
- Inferred resource category has lower geological confidence.
Evidence · table
“0.38”
Context: 32,900
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredDiamba Sud · goldTonnes: 2105000Grade: 1.13Grade Unit: g/tContained Metal: 77Contained Unit: kozView all detailsHide details
Identity
- Project
- Diamba Sud
- Commodity
- gold
- Region
- senegal
- Reported Region
- Senegal
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:87deb9143f8a9b5bbe1c
Resource Data
- Category
- inferred
- Tonnes
- 2105000
- Grade
- 1.13
- Grade Unit
- g/t
- Contained Metal
- 77
- Contained Unit
- koz
- Cutoff Grade
- 0.26
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-01-16
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Inferred resources at Diamba Sud decreased due to successful upgrading to higher confidence categories, which is a positive, but the remaining inferred grade also decreased.
Negative factors
- Inferred resource category has lower geological confidence.
- Inferred Mineral Resource tonnes decreased due to upgrading to higher classification categories.
- Gold grade decreased by 23% for Inferred resources.
Evidence · table
“1.13”
Context: 2,105
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredGold Projects Total · goldTonnes: 35005000Grade: 0.43Grade Unit: g/tContained Metal: 479Contained Unit: kozView all detailsHide details
Identity
- Project
- Gold Projects Total
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:faa9144829d6bb07f0d0
Resource Data
- Category
- inferred
- Tonnes
- 35005000
- Grade
- 0.43
- Grade Unit
- g/t
- Contained Metal
- 479
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The combined Inferred gold resources for gold projects represent potential future growth, but with lower confidence.
Negative factors
- Inferred resource category has lower geological confidence.
Evidence · table
“0.43”
Context: 35,005
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredConsolidated TotalContained Metal: 2172Contained Unit: kozView all detailsHide details
Identity
- Project
- Consolidated Total
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Eric Chapman, Raul Espinoza
- Resource group id
- resource:d1313b434d0b4a7a7166
Resource Data
- Category
- inferred
- Contained Metal
- 2172
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-03-31
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: The consolidated total Inferred GEOs show a modest year-over-year increase, indicating continued exploration success, but this category has lower confidence.
Positive factors
- Consolidated Inferred Mineral Resources increased by 4% year-over-year to 2.2 million GEOs.
Negative factors
- Inferred resource category has lower geological confidence.
Evidence · table
“2,172”
Context: Inferred
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
provenMineral Reserves - Proven and Probable · goldTonnes: 588Grade: 1.6Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:73e696d7af0b3a17a89b
Resource Data
- Category
- proven
- Tonnes
- 588
- Grade
- 1.6
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.60”
Context: 588
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMineral Reserves - Proven and Probable · goldTonnes: 15768Grade: 3.13Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:cad308669b43f0537a0a
Resource Data
- Category
- probable
- Tonnes
- 15768
- Grade
- 3.13
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“3.13”
Context: 15,768
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMineral Reserves - Proven and Probable · goldTonnes: 16356Grade: 3.01Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:43c245a5dc6353abf471
Resource Data
- Category
- probable
- Tonnes
- 16356
- Grade
- 3.01
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“3.01”
Context: 16,356
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenMineral Reserves - Proven and Probable · goldTonnes: 22291Grade: 0.54Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:a582266e44e9b4155f7b
Resource Data
- Category
- proven
- Tonnes
- 22291
- Grade
- 0.54
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.54”
Context: 22,291
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMineral Reserves - Proven and Probable · goldTonnes: 42064Grade: 0.53Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:a931fc43c560e6a3476b
Resource Data
- Category
- probable
- Tonnes
- 42064
- Grade
- 0.53
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.53”
Context: 42,064
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMineral Reserves - Proven and Probable · goldTonnes: 64355Grade: 0.54Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:cd451e1ae331c899fc53
Resource Data
- Category
- probable
- Tonnes
- 64355
- Grade
- 0.54
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.54”
Context: 64,355
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMineral Reserves - Proven and Probable · goldTonnes: 80711Grade: 1.04Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:f3b9516abcb805f7fcca
Resource Data
- Category
- probable
- Tonnes
- 80711
- Grade
- 1.04
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.04”
Context: 80,711
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenMineral Reserves - Proven and Probable · silverTonnes: 171Grade: 114Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- silver
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:4b4d6fee3b1537f74b2e
Resource Data
- Category
- proven
- Tonnes
- 171
- Grade
- 114
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“114”
Context: 171
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenMineral Reserves - Proven and Probable · goldTonnes: 171Grade: 0.38Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:4b4d6fee3b1537f74b2e
Resource Data
- Category
- proven
- Tonnes
- 171
- Grade
- 0.38
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.38”
Context: 171
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenMineral Reserves - Proven and Probable · leadTonnes: 171Grade: 2.8Grade Unit: %View all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- lead
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:4b4d6fee3b1537f74b2e
Resource Data
- Category
- proven
- Tonnes
- 171
- Grade
- 2.8
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2.80”
Context: 171
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenMineral Reserves - Proven and Probable · zincTonnes: 171Grade: 2.77Grade Unit: %View all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- zinc
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:4b4d6fee3b1537f74b2e
Resource Data
- Category
- proven
- Tonnes
- 171
- Grade
- 2.77
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2.77”
Context: 171
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMineral Reserves - Proven and Probable · silverTonnes: 2104Grade: 86Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- silver
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:fdb6e78d9fb6a468c4ce
Resource Data
- Category
- probable
- Tonnes
- 2104
- Grade
- 86
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“86”
Context: 2,104
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMineral Reserves - Proven and Probable · goldTonnes: 2104Grade: 0.27Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:fdb6e78d9fb6a468c4ce
Resource Data
- Category
- probable
- Tonnes
- 2104
- Grade
- 0.27
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.27”
Context: 2,104
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMineral Reserves - Proven and Probable · leadTonnes: 2104Grade: 2.39Grade Unit: %View all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- lead
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:fdb6e78d9fb6a468c4ce
Resource Data
- Category
- probable
- Tonnes
- 2104
- Grade
- 2.39
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2.39”
Context: 2,104
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMineral Reserves - Proven and Probable · zincTonnes: 2104Grade: 3.56Grade Unit: %View all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- zinc
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:fdb6e78d9fb6a468c4ce
Resource Data
- Category
- probable
- Tonnes
- 2104
- Grade
- 3.56
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“3.56”
Context: 2,104
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMineral Reserves - Proven and Probable · silverTonnes: 2275Grade: 89Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- silver
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:284098a94fca6f62173c
Resource Data
- Category
- probable
- Tonnes
- 2275
- Grade
- 89
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“89”
Context: 2,275
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMineral Reserves - Proven and Probable · goldTonnes: 2275Grade: 0.28Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:284098a94fca6f62173c
Resource Data
- Category
- probable
- Tonnes
- 2275
- Grade
- 0.28
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.28”
Context: 2,275
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMineral Reserves - Proven and Probable · leadTonnes: 2275Grade: 2.42Grade Unit: %View all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- lead
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:284098a94fca6f62173c
Resource Data
- Category
- probable
- Tonnes
- 2275
- Grade
- 2.42
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2.42”
Context: 2,275
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableMineral Reserves - Proven and Probable · zincTonnes: 2275Grade: 3.5Grade Unit: %View all detailsHide details
Identity
- Project
- Mineral Reserves - Proven and Probable
- Commodity
- zinc
- Ticker
- FVI.TO
Resource scope
- Estimate type
- reserve
- Resource group id
- resource:284098a94fca6f62173c
Resource Data
- Category
- probable
- Tonnes
- 2275
- Grade
- 3.5
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“3.50”
Context: 2,275
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMineral Resources - Measured and Indicated · goldTonnes: 5651Grade: 2.58Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:5b3a40f2996057339934
Resource Data
- Category
- indicated
- Tonnes
- 5651
- Grade
- 2.58
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2.58”
Context: 5,651
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredMineral Resources - Measured and Indicated · goldTonnes: 1692Grade: 0.53Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:fb5807c1f95c75fbe4b6
Resource Data
- Category
- measured
- Tonnes
- 1692
- Grade
- 0.53
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.53”
Context: 1,692
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMineral Resources - Measured and Indicated · goldTonnes: 26975Grade: 0.43Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:ee55256a5119d0967f2a
Resource Data
- Category
- indicated
- Tonnes
- 26975
- Grade
- 0.43
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.43”
Context: 26,975
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMineral Resources - Measured and Indicated · goldTonnes: 28668Grade: 0.44Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:dd542d2103d98e905f7a
Resource Data
- Category
- indicated
- Tonnes
- 28668
- Grade
- 0.44
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.44”
Context: 28,668
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMineral Resources - Measured and Indicated · goldTonnes: 34318Grade: 0.79Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:7a266f29c92f42d00a35
Resource Data
- Category
- indicated
- Tonnes
- 34318
- Grade
- 0.79
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.79”
Context: 34,318
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredMineral Resources - Measured and Indicated · silverTonnes: 39Grade: 99Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- silver
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:b418d8dbdebb1b4eb7c2
Resource Data
- Category
- measured
- Tonnes
- 39
- Grade
- 99
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“99”
Context: 39
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredMineral Resources - Measured and Indicated · goldTonnes: 39Grade: 0.31Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:b418d8dbdebb1b4eb7c2
Resource Data
- Category
- measured
- Tonnes
- 39
- Grade
- 0.31
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.31”
Context: 39
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredMineral Resources - Measured and Indicated · leadTonnes: 39Grade: 1.3Grade Unit: %View all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- lead
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:b418d8dbdebb1b4eb7c2
Resource Data
- Category
- measured
- Tonnes
- 39
- Grade
- 1.3
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.30”
Context: 39
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredMineral Resources - Measured and Indicated · zincTonnes: 39Grade: 2.27Grade Unit: %View all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- zinc
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:b418d8dbdebb1b4eb7c2
Resource Data
- Category
- measured
- Tonnes
- 39
- Grade
- 2.27
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2.27”
Context: 39
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMineral Resources - Measured and Indicated · silverTonnes: 282Grade: 95Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- silver
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:1d4f6ca4d2bff1d99563
Resource Data
- Category
- indicated
- Tonnes
- 282
- Grade
- 95
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“95”
Context: 282
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMineral Resources - Measured and Indicated · goldTonnes: 282Grade: 0.18Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:1d4f6ca4d2bff1d99563
Resource Data
- Category
- indicated
- Tonnes
- 282
- Grade
- 0.18
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.18”
Context: 282
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMineral Resources - Measured and Indicated · leadTonnes: 282Grade: 1Grade Unit: %View all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- lead
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:1d4f6ca4d2bff1d99563
Resource Data
- Category
- indicated
- Tonnes
- 282
- Grade
- 1
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.00”
Context: 282
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMineral Resources - Measured and Indicated · zincTonnes: 282Grade: 2.18Grade Unit: %View all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- zinc
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:1d4f6ca4d2bff1d99563
Resource Data
- Category
- indicated
- Tonnes
- 282
- Grade
- 2.18
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2.18”
Context: 282
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMineral Resources - Measured and Indicated · silverTonnes: 321Grade: 95Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- silver
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:4cce652e2643eb31baaa
Resource Data
- Category
- indicated
- Tonnes
- 321
- Grade
- 95
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“95”
Context: 321
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMineral Resources - Measured and Indicated · goldTonnes: 321Grade: 0.2Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:4cce652e2643eb31baaa
Resource Data
- Category
- indicated
- Tonnes
- 321
- Grade
- 0.2
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.20”
Context: 321
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMineral Resources - Measured and Indicated · leadTonnes: 321Grade: 1.03Grade Unit: %View all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- lead
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:4cce652e2643eb31baaa
Resource Data
- Category
- indicated
- Tonnes
- 321
- Grade
- 1.03
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.03”
Context: 321
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMineral Resources - Measured and Indicated · zincTonnes: 321Grade: 2.19Grade Unit: %View all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- zinc
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:4cce652e2643eb31baaa
Resource Data
- Category
- indicated
- Tonnes
- 321
- Grade
- 2.19
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2.19”
Context: 321
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMineral Resources - Measured and Indicated · goldTonnes: 26027Grade: 1.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Measured and Indicated
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:37afe8414316a66d6c53
Resource Data
- Category
- indicated
- Tonnes
- 26027
- Grade
- 1.5
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.50”
Context: 26,027
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resources - Inferred · goldTonnes: 9989Grade: 2.74Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Inferred
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:4c232047818906cc38f0
Resource Data
- Category
- inferred
- Tonnes
- 9989
- Grade
- 2.74
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2.74”
Context: 9,989
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resources - Inferred · goldTonnes: 29330Grade: 0.46Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Inferred
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:ad0e9226af84f5075332
Resource Data
- Category
- inferred
- Tonnes
- 29330
- Grade
- 0.46
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.46”
Context: 29,330
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resources - Inferred · goldTonnes: 39319Grade: 1.04Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Inferred
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:32dda805ff5e08642a58
Resource Data
- Category
- inferred
- Tonnes
- 39319
- Grade
- 1.04
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.04”
Context: 39,319
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resources - Inferred · silverTonnes: 3901Grade: 96Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Inferred
- Commodity
- silver
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:bf29c858cdd277d0673a
Resource Data
- Category
- inferred
- Tonnes
- 3901
- Grade
- 96
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“96”
Context: 3,901
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resources - Inferred · goldTonnes: 3901Grade: 0.38Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Inferred
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:bf29c858cdd277d0673a
Resource Data
- Category
- inferred
- Tonnes
- 3901
- Grade
- 0.38
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.38”
Context: 3,901
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resources - Inferred · leadTonnes: 3901Grade: 1.83Grade Unit: %View all detailsHide details
Identity
- Project
- Mineral Resources - Inferred
- Commodity
- lead
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:bf29c858cdd277d0673a
Resource Data
- Category
- inferred
- Tonnes
- 3901
- Grade
- 1.83
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.83”
Context: 3,901
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resources - Inferred · zincTonnes: 3901Grade: 2.81Grade Unit: %View all detailsHide details
Identity
- Project
- Mineral Resources - Inferred
- Commodity
- zinc
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:bf29c858cdd277d0673a
Resource Data
- Category
- inferred
- Tonnes
- 3901
- Grade
- 2.81
- Grade Unit
- %
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“2.81”
Context: 3,901
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resources - Inferred · goldTonnes: 32900Grade: 0.38Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Inferred
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:713849956d39fac35af8
Resource Data
- Category
- inferred
- Tonnes
- 32900
- Grade
- 0.38
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.38”
Context: 32,900
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resources - Inferred · goldTonnes: 2105Grade: 1.13Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Inferred
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:ab1c7ee7dbe9e1bf49f9
Resource Data
- Category
- inferred
- Tonnes
- 2105
- Grade
- 1.13
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.13”
Context: 2,105
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredMineral Resources - Inferred · goldTonnes: 35005Grade: 0.43Grade Unit: g/tView all detailsHide details
Identity
- Project
- Mineral Resources - Inferred
- Commodity
- gold
- Ticker
- FVI.TO
Resource scope
- Estimate type
- resource
- Resource group id
- resource:2d832420c98b791b56f8
Resource Data
- Category
- inferred
- Tonnes
- 35005
- Grade
- 0.43
- Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-04-23T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.43”
Context: 35,005
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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.