# Golden Minerals Announces Resource Estimate For Rodeo Project Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/golden-minerals-announces-resource-estimate-for-rodeo-project--f7d81788-4f06-4fd6-a003-cee49f10c3c7 Original source: https://money.tmx.com/en/quote/AUMN/news/6639544032537064/golden-minerals-announces-resource-estimate-for-rodeo-project Publisher: tmx Original announcement: 2017-01-26T11:45:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Golden Minerals Company - Ticker: AUMN - Exchange: TSX - Region: Durango State, Mexico - Primary commodity: Gold - Secondary commodities: Silver - Document categories: Resource update - Extracted: 2026-08-24 23:15:53 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Golden Minerals has announced a maiden NI 43-101 compliant mineral resource estimate for its Rodeo gold project in Mexico. The estimate includes two scenarios: a mill processing case and a heap leach case, both featuring indicated and inferred resources. Reasoning: The announcement presents a maiden NI 43-101 compliant resource estimate for the Rodeo project under two processing scenarios, providing a significant baseline for the asset. - Positive factor: Maiden resource establishment - Positive factor: NI 43-101 compliant - Positive factor: QP signed - Positive factor: Potential mill feed for existing infrastructure - Negative factor: High proportion of Inferred resource in heap leach case Facts used in scoring: 12 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. Why it applies: First formal mineral resource estimate for the Rodeo project. Evidence · text > is pleased to announce the results of a Canadian National Instrument 43-101 \("NI 43-101"\) compliant mineral resource estimate **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate is explicitly stated to be NI 43-101 compliant. Evidence · text > compliant mineral resource estimate for the gold deposit **QP/CP Signed** Polarity: positive Definition: 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: Geoff Elson from Tetra Tech is named as the independent Qualified Person who reviewed and approved the release. Evidence · text > Geoff Elson is the independent Qualified Person from Tetra Tech who reviewed and approved this press release. ## Extracted facts Stored fact records: 12. Some facts used in scoring do not have a stored record. ## Resource Estimates (12) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/golden-minerals-announces-resource-estimate-for-rodeo-project--f7d81788-4f06-4fd6-a003-cee49f10c3c7#fact-resource-facts-0) gold #### Identity - Commodity: gold - Ticker: AUMN #### Resource Data - Category: indicated - Tonnes: 400000 - Grade: 3.3 - Grade Unit: g/t - Contained Metal: 46000 - Contained Unit: oz - Cutoff Grade: 0.83 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2017-01-26T00:00:00.000Z Reasoning: Indicated gold grade of 3.3 g/t is solid for a mill-constrained resource. - Positive factor: Strong grade for mill processing Evidence · table > 3.3 Context: 0.4 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/golden-minerals-announces-resource-estimate-for-rodeo-project--f7d81788-4f06-4fd6-a003-cee49f10c3c7#fact-resource-facts-1) silver #### Identity - Commodity: silver - Ticker: AUMN #### Resource Data - Category: indicated - Tonnes: 400000 - Grade: 11 - Grade Unit: g/t - Contained Metal: 200000 - Contained Unit: oz - Cutoff Grade: 0.83 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2017-01-26T00:00:00.000Z Reasoning: Silver is reported as a secondary metal in the mill case. Evidence · table > 11 Context: 0.4 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/golden-minerals-announces-resource-estimate-for-rodeo-project--f7d81788-4f06-4fd6-a003-cee49f10c3c7#fact-resource-facts-2) gold #### Identity - Commodity: gold - Ticker: AUMN #### Resource Data - Category: indicated - Tonnes: 3600000 - Grade: 0.8 - Grade Unit: g/t - Contained Metal: 94000 - Contained Unit: oz - Cutoff Grade: 0.17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2017-01-26T00:00:00.000Z Reasoning: Indicated gold grade of 0.8 g/t in the heap leach case is economic at the stated low cutoff. - Positive factor: Significant tonnage increase in heap leach scenario - Negative factor: Lower grade compared to mill case Evidence · table > 0.8 Context: 3.6 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/golden-minerals-announces-resource-estimate-for-rodeo-project--f7d81788-4f06-4fd6-a003-cee49f10c3c7#fact-resource-facts-3) silver #### Identity - Commodity: silver - Ticker: AUMN #### Resource Data - Category: indicated - Tonnes: 3600000 - Grade: 12 - Grade Unit: g/t - Contained Metal: 1400000 - Contained Unit: oz - Cutoff Grade: 0.17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2017-01-26T00:00:00.000Z Reasoning: Silver byproduct in heap leach indicated resource. Evidence · table > 12 Context: 3.6 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/golden-minerals-announces-resource-estimate-for-rodeo-project--f7d81788-4f06-4fd6-a003-cee49f10c3c7#fact-resource-facts-4) gold #### Identity - Commodity: gold - Ticker: AUMN #### Resource Data - Category: inferred - Tonnes: 3600000 - Grade: 0.4 - Grade Unit: g/t - Contained Metal: 47000 - Contained Unit: oz - Cutoff Grade: 0.17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2017-01-26T00:00:00.000Z Reasoning: Inferred resource in the heap leach case provides significant tonnage but lower confidence. - Negative factor: Inferred category limits economic confidence Evidence · table > 0.4 Context: 3.6 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/golden-minerals-announces-resource-estimate-for-rodeo-project--f7d81788-4f06-4fd6-a003-cee49f10c3c7#fact-resource-facts-5) silver #### Identity - Commodity: silver - Ticker: AUMN #### Resource Data - Category: inferred - Tonnes: 3600000 - Grade: 11 - Grade Unit: g/t - Contained Metal: 1300000 - Contained Unit: oz - Cutoff Grade: 0.17 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2017-01-26T00:00:00.000Z Reasoning: Inferred silver byproduct in heap leach case. Evidence · table > 11 Context: 3.6 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/golden-minerals-announces-resource-estimate-for-rodeo-project--f7d81788-4f06-4fd6-a003-cee49f10c3c7#fact-resource-facts-6) gold #### Identity - Commodity: gold - Ticker: AUMN #### Resource Data - Category: indicated - Tonnes: 0.4 - Grade: 3.3 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2017-01-26T00:00:00.000Z Reasoning: Indicated gold grade of 3.3 g/t is solid for a mill-constrained resource. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Strong grade for mill processing Evidence · table > 3.3 Context: 0.4 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/golden-minerals-announces-resource-estimate-for-rodeo-project--f7d81788-4f06-4fd6-a003-cee49f10c3c7#fact-resource-facts-7) silver #### Identity - Commodity: silver - Ticker: AUMN #### Resource Data - Category: indicated - Tonnes: 0.4 - Grade: 11 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2017-01-26T00:00:00.000Z Reasoning: Indicated gold grade of 3.3 g/t is solid for a mill-constrained resource. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Strong grade for mill processing Evidence · table > 11 Context: 0.4 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/golden-minerals-announces-resource-estimate-for-rodeo-project--f7d81788-4f06-4fd6-a003-cee49f10c3c7#fact-resource-facts-8) gold #### Identity - Commodity: gold - Ticker: AUMN #### Resource Data - Category: indicated - Tonnes: 3.6 - Grade: 0.8 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2017-01-26T00:00:00.000Z Reasoning: Indicated gold grade of 3.3 g/t is solid for a mill-constrained resource. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Strong grade for mill processing Evidence · table > 0.8 Context: 3.6 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/golden-minerals-announces-resource-estimate-for-rodeo-project--f7d81788-4f06-4fd6-a003-cee49f10c3c7#fact-resource-facts-9) silver #### Identity - Commodity: silver - Ticker: AUMN #### Resource Data - Category: indicated - Tonnes: 3.6 - Grade: 12 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2017-01-26T00:00:00.000Z Reasoning: Indicated gold grade of 3.3 g/t is solid for a mill-constrained resource. \(Expanded from multi-commodity resource table for completeness.\) - Positive factor: Strong grade for mill processing Evidence · table > 12 Context: 3.6 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/golden-minerals-announces-resource-estimate-for-rodeo-project--f7d81788-4f06-4fd6-a003-cee49f10c3c7#fact-resource-facts-10) gold #### Identity - Commodity: gold - Ticker: AUMN #### Resource Data - Category: inferred - Tonnes: 3.6 - Grade: 0.4 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2017-01-26T00:00:00.000Z Reasoning: Inferred resource in the heap leach case provides significant tonnage but lower confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred category limits economic confidence Evidence · table > 0.4 Context: 3.6 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/golden-minerals-announces-resource-estimate-for-rodeo-project--f7d81788-4f06-4fd6-a003-cee49f10c3c7#fact-resource-facts-11) silver #### Identity - Commodity: silver - Ticker: AUMN #### Resource Data - Category: inferred - Tonnes: 3.6 - Grade: 11 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2017-01-26T00:00:00.000Z Reasoning: Inferred resource in the heap leach case provides significant tonnage but lower confidence. \(Expanded from multi-commodity resource table for completeness.\) - Negative factor: Inferred category limits economic confidence Evidence · table > 11 Context: 3.6 ## 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.