Inventus Reports $1.16 Million in Gold Sales and 102% Return on Bulk Sample Cost at Pardo
Original announcement by tmx on
- Company
- Inventus Mining Corp.
- Ticker
- IVS
- Exchange
- TSX
- Region
- Ontario
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Metallurgy
- Extracted
- 2026-08-21 18:49:13 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Inventus Mining Corp. reported successful results from its Trench 1 bulk sample at the Pardo Project, recovering 172 ounces of gold from 2,512 tonnes at an estimated 2.51 g/t gold. The campaign achieved an 85% metallurgical recovery using a CIL flowsheet, generating gold sales that exceeded direct costs by 102%.
Reasoning: The bulk sample demonstrated strong economics ($1.16M sales vs $578k cost) and solid recovery, though technical reliability was hampered by winter conditions.
Positive factors
- Strong economic return on bulk sample
- Proven gold recovery via CIL
- Significant stockpiles ready for processing
Negative factors
- Winter conditions impacted throughput and sampling reliability
- Only 25% of bulk sample processed to date
Facts used in scoring: 1
Classification and evidence
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The bulk sample was processed using a conventional CIL flowsheet at a mill facility.
Evidence · text
“utilizing a conventional carbon in leach "CIL" flowsheet”
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: The results are from a bulk sample campaign rather than a full-scale commercial operation, though it provides operating data.
Evidence · text
“Trench 1 bulk sample at its 100%-owned Pardo "River of Gold" Project”
Extracted facts
Stored fact records: 1. Some facts used in scoring do not have a stored record.
Metallurgical Results (1)
CILgoldRecovery: 85 %Head Grade: 2.51Head Grade Unit: g/tView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- IVS
Test Work
- Program Status
- optimization
- Test Type
- CIL
- Processing Route
- milled to P95 (>95% passing 74 um) through a two-stage cyclone overflow re-grind ball mill circuit and then directed into the CIL tanks
- Sample
- Trench 1 bulk sample (25% processed to date)
Recovery
- Recovery
- 85 %
- Recovery Basis
- actual_test
- Head Grade
- 2.51
- Head Grade Unit
- g/t
Reagents
- Reagent Notes
- Conventional carbon in leach (CIL) flowsheet; milled to P95 (>95% passing 74 um)
Lab
- Laboratory
- McEwen Mining's Stock Mill
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-18T00:00:00.000Z
Reasoning: 85% recovery is respectable for CIL, but the company noted winter conditions affected the reliability of the data.
Positive factors
- Solid recovery for CIL
Negative factors
- Winter conditions limited reliability of tailings sampling
- Throughput reduced due to material freezing
Evidence · text
“estimated to have a head grade of 2.51 g/t gold and a metallurgical recovery of 85%”
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.