# Minera Alamos Updates Resources and Reserves for the Pan Gold Mine in Nevada Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/minera-alamos-updates-resources-and-reserves-for-the-pan-gold-mine-in-nevada--8812c917-76e1-47bd-9edd-0b936d8d583d Original source: https://money.tmx.com/en/quote/MAI/news/8194916728568058/minera-alamos-updates-resources-and-reserves-for-the-pan-gold-mine-in-nevada Publisher: tmx Original announcement: 2026-03-05T22:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.20 · Bullish ## Minestarters Atlas 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 factor: Reserve replacement successful - Positive factor: Mine life extended through 2029 - Positive factor: Potential synergies with Gold Rock project - Negative factor: Low grade \(0.32 g/t Au\) - Negative factor: Relatively unchanged vs previous report Facts used in scoring: 5 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: 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 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: 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 Disclosed** Polarity: positive Definition: 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) ### measured [Link to this fact](https://atlas-staging.minestarters.com/news/minera-alamos-updates-resources-and-reserves-for-the-pan-gold-mine-in-nevada--8812c917-76e1-47bd-9edd-0b936d8d583d#fact-resource-facts-0) gold #### 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 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/minera-alamos-updates-resources-and-reserves-for-the-pan-gold-mine-in-nevada--8812c917-76e1-47bd-9edd-0b936d8d583d#fact-resource-facts-1) gold #### 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 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/minera-alamos-updates-resources-and-reserves-for-the-pan-gold-mine-in-nevada--8812c917-76e1-47bd-9edd-0b936d8d583d#fact-resource-facts-2) gold #### 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 factor: Speculative category Evidence · table > 0.32 Context: 872 ### proven [Link to this fact](https://atlas-staging.minestarters.com/news/minera-alamos-updates-resources-and-reserves-for-the-pan-gold-mine-in-nevada--8812c917-76e1-47bd-9edd-0b936d8d583d#fact-resource-facts-3) gold #### 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 factor: Reserve replacement Evidence · table > 0.33 Context: 7,480 ### probable [Link to this fact](https://atlas-staging.minestarters.com/news/minera-alamos-updates-resources-and-reserves-for-the-pan-gold-mine-in-nevada--8812c917-76e1-47bd-9edd-0b936d8d583d#fact-resource-facts-4) gold #### 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 factor: 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.