# Inventus Reports $1.16 Million in Gold Sales and 102% Return on Bulk Sample Cost at Pardo

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/inventus-reports-1-16-million-in-gold-sales-and-102-return-on-bulk-sample-cost-a--a7c683d7-92f6-4399-a3f4-49ad473ebc1b

Original source: https://money.tmx.com/en/quote/IVS/news/7923585068043418/inventus-reports-1-16-million-in-gold-sales-and-102-return-on-bulk-sample-cost-a

Publisher: tmx

Original announcement: 2026-03-18T11:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas 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 factor: Strong economic return on bulk sample

- Positive factor: Proven gold recovery via CIL

- Positive factor: Significant stockpiles ready for processing

- Negative factor: Winter conditions impacted throughput and sampling reliability

- Negative factor: Only 25% of bulk sample processed to date

Facts used in scoring: 1

## Classification and evidence

**Mill Route**

Polarity: neutral

Definition: 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 Only**

Polarity: negative

Definition: 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)

### CIL

[Link to this fact](https://atlas-staging.minestarters.com/news/inventus-reports-1-16-million-in-gold-sales-and-102-return-on-bulk-sample-cost-a--a7c683d7-92f6-4399-a3f4-49ad473ebc1b#fact-metallurgical-facts-0)

gold

#### 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 factor: Solid recovery for CIL

- Negative factor: Winter conditions limited reliability of tailings sampling

- Negative factor: 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.