# Granada Gold Announces 64% Increase In Measured And Indicated Mineral Resources To 890,600 OZ AU \(15,982,000 Tonnes At 1.73 G/T AU\) And 90% Increase In Inferred Mineral Resources To 865,500 OZ AU \(20,096,000 Tonnes At 1.34 G/T AU\) Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/granada-gold-announces-64-increase-in-measured-and-indicated-mineral-resources-t--4db23538-6127-4b39-9a9d-331797c53484 Original source: https://money.tmx.com/en/quote/GGM/news/7627478253382013/granada-gold-announces-64-increase-in-measured-and-indicated-mineral-resources-t Publisher: tmx Original announcement: 2026-06-23T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Granada Gold Mine Inc. - Ticker: GGM - Exchange: TSX - Region: Quebec - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-08-24 05:08:00 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Granada Gold has announced a significant update to its 2026 Mineral Resource Estimate, reporting a 64% increase in Measured and Indicated gold resources to 890,600 oz and a 90% increase in Inferred resources to 865,500 oz. The growth is largely attributed to higher gold prices supporting lower economic cut-off grades compared to the 2022 estimate. Reasoning: The update shows substantial increases in both tonnage and contained gold ounces across all categories, primarily driven by higher gold prices allowing for lower cut-off grades. - Positive factor: Significant tonnage growth in M&I and Inferred categories - Positive factor: Contained metal growth driven by gold price environment - Positive factor: QP/CP sign-off provided - Positive factor: Cut-off grade transparency - Negative factor: Grade decline due to lower cut-off grades Facts used in scoring: 3 ## Classification and evidence **Tonnage Growth** Polarity: positive Definition: Significant tonnage increase \(≥15%\) vs prior estimate with grade maintained or improved. Why it applies: M&I tonnage increased from 8.22 Mt to 15.98 Mt \(+94%\) and Inferred from 3.01 Mt to 20.10 Mt \(+568%\) Evidence · text > 64% increase in Measured and Indicated... 90% increase in Inferred **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: M&I gold increased from 543,000 oz to 890,600 oz \(+64%\) Evidence · text > 64% increase in Measured and Indicated contained gold **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: Claude Duplessis, ing. \(P.Eng.\) of GoldMinds Geoservices Inc. is named as the independent QP. Evidence · text > prepared by Claude Duplessis, ing. \(P.Eng.\), of GoldMinds Geoservices Inc., an independent Qualified Person **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: Cut-off grades for pit-constrained \(0.25 g/t\) and underground \(1.4 g/t\) are explicitly stated. Evidence · text > Pit-constrained Mineral Resources are reported at a cut-off grade of 0.25 g/t Au... Underground Mineral Resources are reported at a cut-off grade of 1.4 g/t Au **Grade Decline** Polarity: negative Definition: Average grade dropped >5% vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling. Why it applies: Average M&I grade dropped from 2.05 g/t to 1.73 g/t and Inferred from 4.71 g/t to 1.34 g/t due to lower cut-offs. Evidence · text > the average grade of the reported resource is lower than in 2022, because lower-grade material... is captured ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/granada-gold-announces-64-increase-in-measured-and-indicated-mineral-resources-t--4db23538-6127-4b39-9a9d-331797c53484#fact-resource-facts-0) gold #### Identity - Commodity: gold - Ticker: GGM #### Resource Data - Category: measured - Tonnes: 6634000 - Grade: 1.75 - Grade Unit: g/t - Contained Metal: 372900 - Contained Unit: oz - Cutoff Grade: 0.25 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Measured resource component of the update. - Positive factor: High confidence category Evidence · table > 1.75 Context: 6,634,000 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/granada-gold-announces-64-increase-in-measured-and-indicated-mineral-resources-t--4db23538-6127-4b39-9a9d-331797c53484#fact-resource-facts-1) gold #### Identity - Commodity: gold - Ticker: GGM #### Resource Data - Category: indicated - Tonnes: 9348000 - Grade: 1.72 - Grade Unit: g/t - Contained Metal: 517700 - Contained Unit: oz - Cutoff Grade: 0.25 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Indicated resource component of the update. - Positive factor: High confidence category Evidence · table > 1.72 Context: 9,348,000 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/granada-gold-announces-64-increase-in-measured-and-indicated-mineral-resources-t--4db23538-6127-4b39-9a9d-331797c53484#fact-resource-facts-2) gold #### Identity - Commodity: gold - Ticker: GGM #### Resource Data - Category: inferred - Tonnes: 20096000 - Grade: 1.34 - Grade Unit: g/t - Contained Metal: 865500 - Contained Unit: oz - Cutoff Grade: 0.25 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-06-23T00:00:00.000Z Reasoning: Large expansion of the inferred resource footprint. - Positive factor: Massive tonnage growth - Negative factor: Lower grade compared to 2022 Evidence · table > 1.34 Context: 20,096,000 ## 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.