Minera Alamos Updates Resources and Reserves for the Pan Gold Mine in Nevada
Original announcement by tmx on
- Company
- Minera Alamos Inc.
- Ticker
- MAI
- Exchange
- TSX
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update, Production
- Extracted
- 2026-08-21 22:50:42 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Minera Alamos has released updated Mineral Resource and Mineral Reserve estimates for the Pan gold mine in Nevada, effective September 1, 2025. The update confirms Proven and Probable Reserves of 222 koz Au and extends the mine life through 2029, while highlighting potential synergies with the nearby Gold Rock project.
Reasoning: The update shows successful reserve replacement and mine life extension, though the grades are low and the total metal content is largely unchanged from previous reports.
Positive factors
- Reserve replacement successful
- Mine life extended through 2029
- Potential synergies with Gold Rock project
Negative factors
- Low grade (0.32 g/t Au)
- Relatively unchanged vs previous report
Facts used in scoring: 5
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The technical report was prepared in accordance with NI 43-101.
Evidence · text
“prepared in accordance with National Instrument 43-101 (" NI 43-101 ")”
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: Multiple Qualified Persons are named as responsible for the technical information.
Evidence · text
“Scott Zelligan, P. Geo. is responsible for reviewing and approving the Pan mine open pit Mineral Resource Estimate.”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: The cut-off grade for both resources and reserves is explicitly stated.
Evidence · text
“The chosen reporting cut-off is 0.0029 oz/st Au (0.1 g/t Au).”
Extracted facts
Stored fact records: 5. Some facts used in scoring do not have a stored record.
Resource Estimates (5)
measuredgoldTonnes: 7798000Grade: 0.35Grade Unit: g/tContained Metal: 86000Contained Unit: koz AuView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- MAI
Resource Data
- Category
- measured
- Tonnes
- 7798000
- Grade
- 0.35
- Grade Unit
- g/t
- Contained Metal
- 86000
- Contained Unit
- koz Au
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-05T00:00:00.000Z
Reasoning: Measured resource component of the update.
Evidence · table
“0.35”
Context: 7,798
indicatedgoldTonnes: 14505000Grade: 0.33Grade Unit: g/tContained Metal: 154000Contained Unit: koz AuView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- MAI
Resource Data
- Category
- indicated
- Tonnes
- 14505000
- Grade
- 0.33
- Grade Unit
- g/t
- Contained Metal
- 154000
- Contained Unit
- koz Au
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-05T00:00:00.000Z
Reasoning: Indicated resource component of the update.
Evidence · table
“0.33”
Context: 14,505
inferredgoldTonnes: 872000Grade: 0.32Grade Unit: g/tContained Metal: 9000Contained Unit: koz AuView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- MAI
Resource Data
- Category
- inferred
- Tonnes
- 872000
- Grade
- 0.32
- Grade Unit
- g/t
- Contained Metal
- 9000
- Contained Unit
- koz Au
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-05T00:00:00.000Z
Reasoning: Inferred resource component.
Negative factors
- Speculative category
Evidence · table
“0.32”
Context: 872
provengoldTonnes: 7480000Grade: 0.33Grade Unit: g/tContained Metal: 80000Contained Unit: koz AuView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- MAI
Resource Data
- Category
- proven
- Tonnes
- 7480000
- Grade
- 0.33
- Grade Unit
- g/t
- Contained Metal
- 80000
- Contained Unit
- koz Au
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-05T00:00:00.000Z
Reasoning: Proven reserve component.
Positive factors
- Reserve replacement
Evidence · table
“0.33”
Context: 7,480
probablegoldTonnes: 14119000Grade: 0.31Grade Unit: g/tContained Metal: 142000Contained Unit: koz AuView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- MAI
Resource Data
- Category
- probable
- Tonnes
- 14119000
- Grade
- 0.31
- Grade Unit
- g/t
- Contained Metal
- 142000
- Contained Unit
- koz Au
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-05T00:00:00.000Z
Reasoning: Probable reserve component.
Positive factors
- Reserve replacement
Evidence · table
“0.31”
Context: 14,119
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.