PAN AMERICAN SILVER CORP - EX-99.1 (2026-09-17)

Original announcement by sec_edgar on

Company
Pan American Silver Corp.
Ticker
PAAS
Exchange
NYSE
Region
Unavailable
Primary commodity
Silver
Secondary commodities
Gold, Zinc, Lead, Copper
Document categories
Resource update
Extracted
2026-10-01 07:31:13 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Pan American Silver Corp. announced its updated mineral reserves and resources as of June 30, 2026, reporting significant growth in both silver and gold. Proven and Probable reserves now stand at 511.1 million ounces of silver and 6.3 million ounces of gold, with silver reserves replacing over 100% of depletion. This growth was primarily driven by the inclusion of the 44% interest in Juanicipio and exploration success across several key projects, although divestments led to a decrease in total gold resources.

Reasoning: Pan American Silver reported a substantial increase in its mineral reserves and resources, driven by successful exploration programs and the integration of the Juanicipio acquisition, despite a reduction in total gold resources from divestments.

Positive factors

  • Significant reserve growth
  • Silver replacement exceeding 100%
  • Inclusion of Juanicipio acquisition
  • Exploration success at multiple projects
  • High reporting standards (NI 43-101, JORC)
  • QP/CP sign-off

Negative factors

  • Decrease in total gold resources due to divestments
  • Inclusion of blending material at zero grade in Shahuindo reserves

Facts used in scoring: 139

Extracted facts

Stored fact records: 139. Some facts used in scoring do not have a stored record.

Resource Estimates (139)

provenLa Colorada · silverTonnes: 3600000Grade: 325Grade Unit: g/tContained Metal: 37.3Contained Unit: mozView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:6676cb8c333508c1a681
Mining method
underground

Resource Data

Category
proven
Tonnes
3600000
Grade
325
Grade Unit
g/t
Contained Metal
37.3
Contained Unit
moz

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth.

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“325”

Context: 3.6

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: Reported as Proven Reserves in the table.

Evidence · table

“Proven”

Context: 3.6

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

provenLa Colorada · goldTonnes: 3600000Grade: 0.23Grade Unit: g/tContained Metal: 26Contained Unit: kozView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:6676cb8c333508c1a681
Mining method
underground

Resource Data

Category
proven
Tonnes
3600000
Grade
0.23
Grade Unit
g/t
Contained Metal
26
Contained Unit
koz

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Gold Reserve at La Colorada.

Positive factors

  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.23”

Context: 3.6

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: Reported as Proven Reserves in the table.

Evidence · table

“Proven”

Context: 3.6

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

probableLa Colorada · silverTonnes: 7000000Grade: 252Grade Unit: g/tContained Metal: 56.9Contained Unit: mozView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:2872e776f85e12329af8
Mining method
underground

Resource Data

Category
probable
Tonnes
7000000
Grade
252
Grade Unit
g/t
Contained Metal
56.9
Contained Unit
moz

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“252”

Context: 7.0

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

provenLa Colorada · silverTonnes: 13200000Grade: 288Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:d1ebd8925920ebed3c28
Mining method
underground

Resource Data

Category
proven
Tonnes
13200000
Grade
288
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“288”

Context: 13.2

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenLa Colorada · goldTonnes: 13200000Grade: 0.36Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:d1ebd8925920ebed3c28
Mining method
underground

Resource Data

Category
proven
Tonnes
13200000
Grade
0.36
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.36”

Context: 13.2

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · silverTonnes: 44000000Grade: 252Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:92f3e098e07959d82552
Mining method
underground

Resource Data

Category
probable
Tonnes
44000000
Grade
252
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“252”

Context: 44.0

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · goldTonnes: 44000000Grade: 0.55Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:92f3e098e07959d82552
Mining method
underground

Resource Data

Category
probable
Tonnes
44000000
Grade
0.55
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“0.55”

Context: 44.0

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenLa Colorada · silverTonnes: 56400000Grade: 9Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:547530a9877abfa17e52
Mining method
underground

Resource Data

Category
proven
Tonnes
56400000
Grade
9
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“9”

Context: 56.4

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenLa Colorada · goldTonnes: 56400000Grade: 1.04Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:547530a9877abfa17e52
Mining method
underground

Resource Data

Category
proven
Tonnes
56400000
Grade
1.04
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“1.04”

Context: 56.4

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · silverTonnes: 90700000Grade: 6Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:baa498f482f2d98dc119
Mining method
underground

Resource Data

Category
probable
Tonnes
90700000
Grade
6
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“6”

Context: 90.7

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · goldTonnes: 90700000Grade: 1.2Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:baa498f482f2d98dc119
Mining method
underground

Resource Data

Category
probable
Tonnes
90700000
Grade
1.2
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“1.20”

Context: 90.7

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · silverTonnes: 204400000Grade: 78Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:f5ffbe1083b068e35ba2
Mining method
underground

Resource Data

Category
probable
Tonnes
204400000
Grade
78
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“78”

Context: 204.4

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · goldTonnes: 204400000Grade: 0.96Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:f5ffbe1083b068e35ba2
Mining method
underground

Resource Data

Category
probable
Tonnes
204400000
Grade
0.96
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“0.96”

Context: 204.4

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · silverTonnes: 20800000Grade: 157Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:1cc4c8825e043d547840
Mining method
underground

Resource Data

Category
measured
Tonnes
20800000
Grade
157
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“157”

Context: 20.8

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · goldTonnes: 20800000Grade: 0.11Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:1cc4c8825e043d547840
Mining method
underground

Resource Data

Category
measured
Tonnes
20800000
Grade
0.11
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.11”

Context: 20.8

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · silverTonnes: 426300000Grade: 73Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:57af80bdf37d73e10674
Mining method
underground

Resource Data

Category
indicated
Tonnes
426300000
Grade
73
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“73”

Context: 426.3

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · goldTonnes: 426300000Grade: 0.02Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:57af80bdf37d73e10674
Mining method
underground

Resource Data

Category
indicated
Tonnes
426300000
Grade
0.02
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.02”

Context: 426.3

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · silverTonnes: 65700000Grade: 5Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:8f79208b341fe24fd365
Mining method
underground

Resource Data

Category
measured
Tonnes
65700000
Grade
5
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“5”

Context: 65.7

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · goldTonnes: 65700000Grade: 1.37Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:8f79208b341fe24fd365
Mining method
underground

Resource Data

Category
measured
Tonnes
65700000
Grade
1.37
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“1.37”

Context: 65.7

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · silverTonnes: 84600000Grade: 6Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:b4f7ed746cc04e8f7efa
Mining method
underground

Resource Data

Category
indicated
Tonnes
84600000
Grade
6
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“6”

Context: 84.6

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · goldTonnes: 84600000Grade: 1.56Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:b4f7ed746cc04e8f7efa
Mining method
underground

Resource Data

Category
indicated
Tonnes
84600000
Grade
1.56
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“1.56”

Context: 84.6

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · silverTonnes: 597300000Grade: 59Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:0e7877dfc77447bdb6e2
Mining method
underground

Resource Data

Category
indicated
Tonnes
597300000
Grade
59
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“59”

Context: 597.3

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · goldTonnes: 597300000Grade: 0.39Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:0e7877dfc77447bdb6e2
Mining method
underground

Resource Data

Category
indicated
Tonnes
597300000
Grade
0.39
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.39”

Context: 597.3

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · silverTonnes: 150900000Grade: 85Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:8bc0d9ee32363b808c30
Mining method
underground

Resource Data

Category
inferred
Tonnes
150900000
Grade
85
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“85”

Context: 150.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · goldTonnes: 150900000Grade: 0.09Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:8bc0d9ee32363b808c30
Mining method
underground

Resource Data

Category
inferred
Tonnes
150900000
Grade
0.09
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.09”

Context: 150.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · silverTonnes: 125200000Grade: 7Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:91016f2ce360ea56793d
Mining method
underground

Resource Data

Category
inferred
Tonnes
125200000
Grade
7
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“7”

Context: 125.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · goldTonnes: 125200000Grade: 1.68Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:91016f2ce360ea56793d
Mining method
underground

Resource Data

Category
inferred
Tonnes
125200000
Grade
1.68
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“1.68”

Context: 125.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · silverTonnes: 276200000Grade: 49Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:6ca449931da130440f3f
Mining method
underground

Resource Data

Category
inferred
Tonnes
276200000
Grade
49
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“49”

Context: 276.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · goldTonnes: 276200000Grade: 0.81Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:6ca449931da130440f3f
Mining method
underground

Resource Data

Category
inferred
Tonnes
276200000
Grade
0.81
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.81”

Context: 276.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · goldTonnes: 7000000Grade: 0.24Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:2872e776f85e12329af8
Mining method
underground

Resource Data

Category
probable
Tonnes
7000000
Grade
0.24
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“0.24”

Context: 7.0

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenLa Colorada · silverTonnes: 1000000Grade: 169Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:d3b551a46d7b929a9e63
Mining method
underground

Resource Data

Category
proven
Tonnes
1000000
Grade
169
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“169”

Context: 1.0

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenLa Colorada · goldTonnes: 1000000Grade: 4.28Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:d3b551a46d7b929a9e63
Mining method
underground

Resource Data

Category
proven
Tonnes
1000000
Grade
4.28
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“4.28”

Context: 1.0

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · silverTonnes: 8199999.999999999Grade: 169Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:cb3f1f3df81e3b6d235d
Mining method
underground

Resource Data

Category
probable
Tonnes
8199999.999999999
Grade
169
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“169”

Context: 8.2

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · goldTonnes: 8199999.999999999Grade: 1.41Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:cb3f1f3df81e3b6d235d
Mining method
underground

Resource Data

Category
probable
Tonnes
8199999.999999999
Grade
1.41
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“1.41”

Context: 8.2

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenLa Colorada · silverTonnes: 4500000Grade: 138Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:aeda527671db7c9f9cd0
Mining method
underground

Resource Data

Category
proven
Tonnes
4500000
Grade
138
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“138”

Context: 4.5

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · silverTonnes: 5500000Grade: 129Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:df424505769b8d983b94
Mining method
underground

Resource Data

Category
probable
Tonnes
5500000
Grade
129
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“129”

Context: 5.5

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenLa Colorada · silverTonnes: 300000Grade: 199Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:067b4207cacaf1bcefab
Mining method
underground

Resource Data

Category
proven
Tonnes
300000
Grade
199
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“199”

Context: 0.3

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenLa Colorada · goldTonnes: 300000Grade: 5.27Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:067b4207cacaf1bcefab
Mining method
underground

Resource Data

Category
proven
Tonnes
300000
Grade
5.27
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“5.27”

Context: 0.3

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · silverTonnes: 800000Grade: 181Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:39de7f91c2f6c5b4ea08
Mining method
underground

Resource Data

Category
probable
Tonnes
800000
Grade
181
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“181”

Context: 0.8

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · goldTonnes: 800000Grade: 4.31Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:39de7f91c2f6c5b4ea08
Mining method
underground

Resource Data

Category
probable
Tonnes
800000
Grade
4.31
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“4.31”

Context: 0.8

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenLa Colorada · silverTonnes: 1300000Grade: 243Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:e93e9ec9833827e6f626
Mining method
underground

Resource Data

Category
proven
Tonnes
1300000
Grade
243
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“243”

Context: 1.3

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · silverTonnes: 400000Grade: 249Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:fad3fcd6fa4cace6c13f
Mining method
underground

Resource Data

Category
probable
Tonnes
400000
Grade
249
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“249”

Context: 0.4

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenLa Colorada · silverTonnes: 2500000Grade: 486Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:6b6a56ebee657b85e90a
Mining method
underground

Resource Data

Category
proven
Tonnes
2500000
Grade
486
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“486”

Context: 2.5

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenLa Colorada · goldTonnes: 2500000Grade: 0.42Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:6b6a56ebee657b85e90a
Mining method
underground

Resource Data

Category
proven
Tonnes
2500000
Grade
0.42
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.42”

Context: 2.5

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · silverTonnes: 22100000Grade: 316Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:4f2328f920025b413834
Mining method
underground

Resource Data

Category
probable
Tonnes
22100000
Grade
316
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“316”

Context: 22.1

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · goldTonnes: 22100000Grade: 0.34Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:4f2328f920025b413834
Mining method
underground

Resource Data

Category
probable
Tonnes
22100000
Grade
0.34
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“0.34”

Context: 22.1

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · silverTonnes: 57200000Grade: 261Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:b413033d32a011f6a430
Mining method
underground

Resource Data

Category
probable
Tonnes
57200000
Grade
261
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“261”

Context: 57.2

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · goldTonnes: 57200000Grade: 0.51Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:b413033d32a011f6a430
Mining method
underground

Resource Data

Category
probable
Tonnes
57200000
Grade
0.51
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“0.51”

Context: 57.2

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenLa Colorada · goldTonnes: 14100000Grade: 1.71Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:b93067fd65d0d2d67d0b
Mining method
underground

Resource Data

Category
proven
Tonnes
14100000
Grade
1.71
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“1.71”

Context: 14.1

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · goldTonnes: 41000000Grade: 1.74Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:02f7837698ddd0f9e0b6
Mining method
underground

Resource Data

Category
probable
Tonnes
41000000
Grade
1.74
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“1.74”

Context: 41.0

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenLa Colorada · goldTonnes: 3700000Grade: 2.8Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:b7df7f8945e9c9f8d9b4
Mining method
underground

Resource Data

Category
proven
Tonnes
3700000
Grade
2.8
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“2.80”

Context: 3.7

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · goldTonnes: 4500000Grade: 2.76Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:f875e3f38d347d2fc85e
Mining method
underground

Resource Data

Category
probable
Tonnes
4500000
Grade
2.76
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“2.76”

Context: 4.5

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · silverTonnes: 2900000Grade: 106Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:6528f27d9af5b3ff8894
Mining method
underground

Resource Data

Category
probable
Tonnes
2900000
Grade
106
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“106”

Context: 2.9

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · goldTonnes: 2900000Grade: 3.24Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:6528f27d9af5b3ff8894
Mining method
underground

Resource Data

Category
probable
Tonnes
2900000
Grade
3.24
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“3.24”

Context: 2.9

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenLa Colorada · silverTonnes: 600000Grade: 21Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:e3fb5e78a768ff376e11
Mining method
underground

Resource Data

Category
proven
Tonnes
600000
Grade
21
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“21”

Context: 0.6

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenLa Colorada · goldTonnes: 600000Grade: 2.94Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:e3fb5e78a768ff376e11
Mining method
underground

Resource Data

Category
proven
Tonnes
600000
Grade
2.94
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“2.94”

Context: 0.6

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · silverTonnes: 2500000Grade: 21Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:aee6a9b6afa9d515b646
Mining method
underground

Resource Data

Category
probable
Tonnes
2500000
Grade
21
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“21”

Context: 2.5

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · goldTonnes: 2500000Grade: 3Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:aee6a9b6afa9d515b646
Mining method
underground

Resource Data

Category
probable
Tonnes
2500000
Grade
3
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“3.00”

Context: 2.5

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenLa Colorada · silverTonnes: 37000000Grade: 8Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:5700a797ffb76fa9b394
Mining method
underground

Resource Data

Category
proven
Tonnes
37000000
Grade
8
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“8”

Context: 37.0

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

provenLa Colorada · goldTonnes: 37000000Grade: 0.48Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:5700a797ffb76fa9b394
Mining method
underground

Resource Data

Category
proven
Tonnes
37000000
Grade
0.48
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.48”

Context: 37.0

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · silverTonnes: 39900000Grade: 4Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:96403b758e88ee0f4a4c
Mining method
underground

Resource Data

Category
probable
Tonnes
39900000
Grade
4
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“4”

Context: 39.9

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · goldTonnes: 39900000Grade: 0.22Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:96403b758e88ee0f4a4c
Mining method
underground

Resource Data

Category
probable
Tonnes
39900000
Grade
0.22
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“0.22”

Context: 39.9

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · silverTonnes: 147200000Grade: 7Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:e0bc5d348dcf8eb87a02
Mining method
underground

Resource Data

Category
probable
Tonnes
147200000
Grade
7
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“7”

Context: 147.2

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

probableLa Colorada · goldTonnes: 147200000Grade: 1.14Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:e0bc5d348dcf8eb87a02
Mining method
underground

Resource Data

Category
probable
Tonnes
147200000
Grade
1.14
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed

Evidence · table

“1.14”

Context: 147.2

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · silverTonnes: 300000Grade: 164Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:a7b414a62f9dc729ceb5
Mining method
underground

Resource Data

Category
measured
Tonnes
300000
Grade
164
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“164”

Context: 0.3

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · goldTonnes: 300000Grade: 2.4Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:a7b414a62f9dc729ceb5
Mining method
underground

Resource Data

Category
measured
Tonnes
300000
Grade
2.4
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“2.40”

Context: 0.3

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · silverTonnes: 700000Grade: 190Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:a24731894c72dec4686e
Mining method
underground

Resource Data

Category
indicated
Tonnes
700000
Grade
190
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“190”

Context: 0.7

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · goldTonnes: 700000Grade: 5.29Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:a24731894c72dec4686e
Mining method
underground

Resource Data

Category
indicated
Tonnes
700000
Grade
5.29
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“5.29”

Context: 0.7

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · silverTonnes: 400000Grade: 566Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:19e9abc67fa159c55f77
Mining method
underground

Resource Data

Category
measured
Tonnes
400000
Grade
566
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“566”

Context: 0.4

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · goldTonnes: 400000Grade: 1.48Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:19e9abc67fa159c55f77
Mining method
underground

Resource Data

Category
measured
Tonnes
400000
Grade
1.48
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“1.48”

Context: 0.4

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · silverTonnes: 1400000Grade: 92Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:8d85d335eec5d56096a7
Mining method
underground

Resource Data

Category
measured
Tonnes
1400000
Grade
92
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“92”

Context: 1.4

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · silverTonnes: 3600000Grade: 90Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:a6777d6d93ce0d2e26f8
Mining method
underground

Resource Data

Category
indicated
Tonnes
3600000
Grade
90
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“90”

Context: 3.6

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · silverTonnes: 100000Grade: 174Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:4c29278f43ff1030466b
Mining method
underground

Resource Data

Category
measured
Tonnes
100000
Grade
174
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“174”

Context: 0.1

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · goldTonnes: 100000Grade: 4.77Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:4c29278f43ff1030466b
Mining method
underground

Resource Data

Category
measured
Tonnes
100000
Grade
4.77
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“4.77”

Context: 0.1

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · silverTonnes: 600000Grade: 212Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:1d3a310ebdc0f16c5bb7
Mining method
underground

Resource Data

Category
indicated
Tonnes
600000
Grade
212
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“212”

Context: 0.6

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · goldTonnes: 600000Grade: 3.81Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:1d3a310ebdc0f16c5bb7
Mining method
underground

Resource Data

Category
indicated
Tonnes
600000
Grade
3.81
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“3.81”

Context: 0.6

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · silverTonnes: 600000Grade: 13Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:569d9b801539c15e07d1
Mining method
underground

Resource Data

Category
measured
Tonnes
600000
Grade
13
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“13”

Context: 0.6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · silverTonnes: 300000Grade: 170Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:8de5a804ef4591a9b0ac
Mining method
underground

Resource Data

Category
indicated
Tonnes
300000
Grade
170
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“170”

Context: 0.3

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · silverTonnes: 2300000Grade: 251Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:b0dce17daf7a1fc77de6
Mining method
underground

Resource Data

Category
measured
Tonnes
2300000
Grade
251
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“251”

Context: 2.3

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · goldTonnes: 2300000Grade: 0.23Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:b0dce17daf7a1fc77de6
Mining method
underground

Resource Data

Category
measured
Tonnes
2300000
Grade
0.23
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.23”

Context: 2.3

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · silverTonnes: 14200000Grade: 201Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:b79051a97d48d4c46a15
Mining method
underground

Resource Data

Category
indicated
Tonnes
14200000
Grade
201
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“201”

Context: 14.2

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · goldTonnes: 14200000Grade: 0.2Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:b79051a97d48d4c46a15
Mining method
underground

Resource Data

Category
indicated
Tonnes
14200000
Grade
0.2
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.20”

Context: 14.2

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · silverTonnes: 265400000Grade: 36Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:a2fa2bf335c05b16e2e1
Mining method
underground

Resource Data

Category
indicated
Tonnes
265400000
Grade
36
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“36”

Context: 265.4

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · silverTonnes: 15400000Grade: 137Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:ee5194996320d55bf8a4
Mining method
underground

Resource Data

Category
measured
Tonnes
15400000
Grade
137
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“137”

Context: 15.4

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · silverTonnes: 139800000Grade: 126Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:217c54b0abc86e992f3a
Mining method
underground

Resource Data

Category
indicated
Tonnes
139800000
Grade
126
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“126”

Context: 139.8

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · silverTonnes: 1000000Grade: 149Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:977e658a0d87b6fc5f44
Mining method
underground

Resource Data

Category
indicated
Tonnes
1000000
Grade
149
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“149”

Context: 1.0

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · goldTonnes: 1000000Grade: 2.79Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:977e658a0d87b6fc5f44
Mining method
underground

Resource Data

Category
indicated
Tonnes
1000000
Grade
2.79
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“2.79”

Context: 1.0

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · silverTonnes: 447100000Grade: 77Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:95b6953251fd2e007ea9
Mining method
underground

Resource Data

Category
indicated
Tonnes
447100000
Grade
77
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“77”

Context: 447.1

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · goldTonnes: 447100000Grade: 0.03Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:95b6953251fd2e007ea9
Mining method
underground

Resource Data

Category
indicated
Tonnes
447100000
Grade
0.03
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.03”

Context: 447.1

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · goldTonnes: 41200000Grade: 1.65Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:045bb43d78736cd84c58
Mining method
underground

Resource Data

Category
measured
Tonnes
41200000
Grade
1.65
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“1.65”

Context: 41.2

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · goldTonnes: 54100000Grade: 1.58Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:e939e3ba66e13d9b1ec3
Mining method
underground

Resource Data

Category
indicated
Tonnes
54100000
Grade
1.58
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“1.58”

Context: 54.1

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · goldTonnes: 2200000Grade: 2.29Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:e92e22edeff092bbdfa5
Mining method
underground

Resource Data

Category
measured
Tonnes
2200000
Grade
2.29
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“2.29”

Context: 2.2

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · goldTonnes: 3400000Grade: 2.32Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:5b49cb0efef76d12fc4a
Mining method
underground

Resource Data

Category
indicated
Tonnes
3400000
Grade
2.32
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“2.32”

Context: 3.4

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · silverTonnes: 1000000Grade: 136Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:f1d46e2aba99133800d9
Mining method
underground

Resource Data

Category
measured
Tonnes
1000000
Grade
136
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“136”

Context: 1.0

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · goldTonnes: 1000000Grade: 3.97Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:f1d46e2aba99133800d9
Mining method
underground

Resource Data

Category
measured
Tonnes
1000000
Grade
3.97
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“3.97”

Context: 1.0

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · silverTonnes: 3700000Grade: 94Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:89ef8970df23bf92de20
Mining method
underground

Resource Data

Category
indicated
Tonnes
3700000
Grade
94
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“94”

Context: 3.7

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · goldTonnes: 3700000Grade: 2.91Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:89ef8970df23bf92de20
Mining method
underground

Resource Data

Category
indicated
Tonnes
3700000
Grade
2.91
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“2.91”

Context: 3.7

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · goldTonnes: 600000Grade: 2.61Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:569d9b801539c15e07d1
Mining method
underground

Resource Data

Category
measured
Tonnes
600000
Grade
2.61
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“2.61”

Context: 0.6

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · silverTonnes: 3100000Grade: 14Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:278d3d1363496be0b63c
Mining method
underground

Resource Data

Category
indicated
Tonnes
3100000
Grade
14
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“14”

Context: 3.1

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · goldTonnes: 3100000Grade: 2.54Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:278d3d1363496be0b63c
Mining method
underground

Resource Data

Category
indicated
Tonnes
3100000
Grade
2.54
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“2.54”

Context: 3.1

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · silverTonnes: 9800000Grade: 6Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:02293ce6cf619b02bf9e
Mining method
underground

Resource Data

Category
measured
Tonnes
9800000
Grade
6
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“6”

Context: 9.8

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · goldTonnes: 9800000Grade: 0.35Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:02293ce6cf619b02bf9e
Mining method
underground

Resource Data

Category
measured
Tonnes
9800000
Grade
0.35
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.35”

Context: 9.8

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · silverTonnes: 6300000Grade: 6Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:5b43369e9d8da9735148
Mining method
underground

Resource Data

Category
indicated
Tonnes
6300000
Grade
6
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“6”

Context: 6.3

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · goldTonnes: 6300000Grade: 0.37Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:5b43369e9d8da9735148
Mining method
underground

Resource Data

Category
indicated
Tonnes
6300000
Grade
0.37
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.37”

Context: 6.3

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · goldTonnes: 400000Grade: 4.52Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:cb12f53e327fcdb3925e
Mining method
underground

Resource Data

Category
indicated
Tonnes
400000
Grade
4.52
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“4.52”

Context: 0.4

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · goldTonnes: 1600000Grade: 2.83Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:a0c63471b83cee570f73
Mining method
underground

Resource Data

Category
indicated
Tonnes
1600000
Grade
2.83
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“2.83”

Context: 1.6

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · silverTonnes: 10800000Grade: 10Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:5adbe2be7aca06246cf8
Mining method
underground

Resource Data

Category
measured
Tonnes
10800000
Grade
10
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“10”

Context: 10.8

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

measuredLa Colorada · goldTonnes: 10800000Grade: 0.7Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:5adbe2be7aca06246cf8
Mining method
underground

Resource Data

Category
measured
Tonnes
10800000
Grade
0.7
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.70”

Context: 10.8

Tags used in scoring

Measured Resourcepositive

Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.

Why it applies: category is "measured"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · silverTonnes: 10600000Grade: 8Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:dac6021be2f65598c1c1
Mining method
underground

Resource Data

Category
indicated
Tonnes
10600000
Grade
8
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“8”

Context: 10.6

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · goldTonnes: 10600000Grade: 0.54Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:dac6021be2f65598c1c1
Mining method
underground

Resource Data

Category
indicated
Tonnes
10600000
Grade
0.54
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.54”

Context: 10.6

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · silverTonnes: 150200000Grade: 6Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:a40963c1772d5bc7b2b6
Mining method
underground

Resource Data

Category
indicated
Tonnes
150200000
Grade
6
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“6”

Context: 150.2

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

indicatedLa Colorada · goldTonnes: 150200000Grade: 1.48Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:a40963c1772d5bc7b2b6
Mining method
underground

Resource Data

Category
indicated
Tonnes
150200000
Grade
1.48
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“1.48”

Context: 150.2

Tags used in scoring

Indicated Resourcepositive

Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · silverTonnes: 24000000Grade: 187Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:3559cb48b6d3d856ee93
Mining method
underground

Resource Data

Category
inferred
Tonnes
24000000
Grade
187
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“187”

Context: 24.0

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · goldTonnes: 24000000Grade: 0.2Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:3559cb48b6d3d856ee93
Mining method
underground

Resource Data

Category
inferred
Tonnes
24000000
Grade
0.2
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.20”

Context: 24.0

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · silverTonnes: 4800000Grade: 167Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:7e8877a5b38a8118c38c
Mining method
underground

Resource Data

Category
inferred
Tonnes
4800000
Grade
167
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“167”

Context: 4.8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · goldTonnes: 4800000Grade: 0.6Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:7e8877a5b38a8118c38c
Mining method
underground

Resource Data

Category
inferred
Tonnes
4800000
Grade
0.6
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.60”

Context: 4.8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · silverTonnes: 9200000Grade: 116Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:a7eb0d3abae7eb588ea5
Mining method
underground

Resource Data

Category
inferred
Tonnes
9200000
Grade
116
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“116”

Context: 9.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · silverTonnes: 800000Grade: 139Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:b82b6020e01ca7a0e0c7
Mining method
underground

Resource Data

Category
inferred
Tonnes
800000
Grade
139
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“139”

Context: 0.8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · goldTonnes: 800000Grade: 4.95Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:b82b6020e01ca7a0e0c7
Mining method
underground

Resource Data

Category
inferred
Tonnes
800000
Grade
4.95
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“4.95”

Context: 0.8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · silverTonnes: 2100000Grade: 172Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:2663688edc35d1f533fe
Mining method
underground

Resource Data

Category
inferred
Tonnes
2100000
Grade
172
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“172”

Context: 2.1

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · silverTonnes: 1900000Grade: 180Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:d6589becec138182875c
Mining method
underground

Resource Data

Category
inferred
Tonnes
1900000
Grade
180
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“180”

Context: 1.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · goldTonnes: 1900000Grade: 0.9Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:d6589becec138182875c
Mining method
underground

Resource Data

Category
inferred
Tonnes
1900000
Grade
0.9
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.90”

Context: 1.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · silverTonnes: 61700000Grade: 30Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:54e10dc98682defb8934
Mining method
underground

Resource Data

Category
inferred
Tonnes
61700000
Grade
30
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“30”

Context: 61.7

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · silverTonnes: 45900000Grade: 81Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:d045d8a252625aa8e47d
Mining method
underground

Resource Data

Category
inferred
Tonnes
45900000
Grade
81
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“81”

Context: 45.9

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · silverTonnes: 500000Grade: 106Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:d18de0470095b43b0701
Mining method
underground

Resource Data

Category
inferred
Tonnes
500000
Grade
106
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“106”

Context: 0.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · goldTonnes: 500000Grade: 1.49Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:d18de0470095b43b0701
Mining method
underground

Resource Data

Category
inferred
Tonnes
500000
Grade
1.49
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“1.49”

Context: 0.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · goldTonnes: 56200000Grade: 1.65Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:887ef1cc07a1160d62c7
Mining method
underground

Resource Data

Category
inferred
Tonnes
56200000
Grade
1.65
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“1.65”

Context: 56.2

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · goldTonnes: 7000000Grade: 2.66Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:b23db2df1514e48daf27
Mining method
underground

Resource Data

Category
inferred
Tonnes
7000000
Grade
2.66
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“2.66”

Context: 7.0

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · silverTonnes: 17500000Grade: 36Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:29f25947d6a3697bab2e
Mining method
underground

Resource Data

Category
inferred
Tonnes
17500000
Grade
36
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“36”

Context: 17.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · goldTonnes: 17500000Grade: 1.05Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:29f25947d6a3697bab2e
Mining method
underground

Resource Data

Category
inferred
Tonnes
17500000
Grade
1.05
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“1.05”

Context: 17.5

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · silverTonnes: 6400000Grade: 13Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:6d37f351fca394fd379a
Mining method
underground

Resource Data

Category
inferred
Tonnes
6400000
Grade
13
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“13”

Context: 6.4

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · goldTonnes: 6400000Grade: 2.73Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:6d37f351fca394fd379a
Mining method
underground

Resource Data

Category
inferred
Tonnes
6400000
Grade
2.73
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“2.73”

Context: 6.4

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · silverTonnes: 10800000Grade: 2Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:937e99c3501a634e0db3
Mining method
underground

Resource Data

Category
inferred
Tonnes
10800000
Grade
2
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“2”

Context: 10.8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · goldTonnes: 10800000Grade: 0.12Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:937e99c3501a634e0db3
Mining method
underground

Resource Data

Category
inferred
Tonnes
10800000
Grade
0.12
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.12”

Context: 10.8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · goldTonnes: 2800000Grade: 3.73Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:57ca5a9e0092b24d3f1b
Mining method
underground

Resource Data

Category
inferred
Tonnes
2800000
Grade
3.73
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“3.73”

Context: 2.8

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · goldTonnes: 5300000Grade: 6.06Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:bad6b67b60295f2cbf88
Mining method
underground

Resource Data

Category
inferred
Tonnes
5300000
Grade
6.06
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“6.06”

Context: 5.3

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · goldTonnes: 5600000Grade: 2.24Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:f96a8199ca53966eb6de
Mining method
underground

Resource Data

Category
inferred
Tonnes
5600000
Grade
2.24
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“2.24”

Context: 5.6

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · silverTonnes: 13700000Grade: 8Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
silver
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:02eb8ed8e3bd0a22d4f7
Mining method
underground

Resource Data

Category
inferred
Tonnes
13700000
Grade
8
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“8”

Context: 13.7

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

inferredLa Colorada · goldTonnes: 13700000Grade: 0.51Grade Unit: g/tView all details
Link to this fact

Identity

Project
La Colorada
Commodity
gold
Region
mexico
Reported Region
Mexico
Ticker
PAAS

Resource scope

Estimate type
reserve
Effective date
2025-04-30T00:00:00.000Z
Reporting standards
ni_43_101, jorc
QP Signed
Yes
Qualified person names
Paul Salmenmaki, Justin Glanvill, Christopher Emerson, Christopher Wright
Resource group id
resource:02eb8ed8e3bd0a22d4f7
Mining method
underground

Resource Data

Category
inferred
Tonnes
13700000
Grade
0.51
Grade Unit
g/t

Prior Estimate

Resource Date
2026-06-30

Review

Needs Review
No
Historical
No

Dates

Event date
2026-09-17T00:00:00.000Z

Reasoning: New Proven Silver Reserve at La Colorada with significant contained metal growth. (Expanded from multi-commodity resource table for completeness.)

Positive factors

  • Contained Metal Growth
  • QP/CP Signed
  • NI 43-101 Compliant

Evidence · table

“0.51”

Context: 13.7

Tags used in scoring

Inferred Resourcenegative

Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: category is "inferred"

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

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: qp_signed is true

JORC Compliantpositive

Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.

Why it applies: reporting_standards includes jorc

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

No Contained Metalnegative

Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained_metal was not reported

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.