Torex Gold Releases Results of Los Reyes Preliminary Economic Assessment
Original announcement by tmx on
- Company
- Torex Gold Resources Inc.
- Ticker
- TXG
- Exchange
- TSX
- Region
- Sinaloa, Mexico
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update, Production, Metallurgy
- Extracted
- 2026-08-24 04:53:08 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Torex Gold has released the results of a Preliminary Economic Assessment for its Los Reyes project in Sinaloa, Mexico, outlining compelling economics with an estimated after-tax IRR of 37.3% and an after-tax NPV (5%) of $1.49 billion. The PEA forecasts average annual production of 134 koz AuEq over a 14.4-year mine life, with initial capital expenditures estimated at $515 million and a quick payback period of 1.9 years. The project is expected to be fully funded internally through cash flow from the Morelos Complex and includes an updated mineral resource estimate.
Reasoning: The Los Reyes PEA demonstrates robust economics with a 37.3% after-tax IRR and $1.49 billion after-tax NPV, supported by a long mine life, strong production, and competitive costs, making it a compelling growth project for Torex Gold.
Positive factors
- High after-tax IRR of 37.3%
- Significant after-tax NPV (5%) of $1.49 billion
- Quick payback period of 1.9 years
- Robust all-in sustaining cost margin of 56%
- Strong production profile over a 14.4-year mine life
- High gold and silver recoveries
- Potential for internal funding from existing operations
- Updated mineral resource estimate
Negative factors
- PEA is preliminary in nature
- Includes Inferred Mineral Resources which are speculative
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 40
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The PEA and mineral resource estimate are presented in a 'Technical Report titled Los Reyes Project NI 43-101 Technical Report'.
Evidence · text
“The Technical Report titled Los Reyes Project NI 43-101 Technical Report and Preliminary Economic Assessment”
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: The mineral resource estimate was reviewed and verified by John Sims, a Qualified Person under NI 43-101.
Evidence · text
“Disclosure of a scientific or technical nature in this press release in respect of the Los Reyes mineral resource estimate has been reviewed and verified by John Sims, President of Sims Resources LLC, an independent contractor and qualified person as a CPG member with AIPG, and a Qualified Person under NI 43-101”
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: The document is a Preliminary Economic Assessment for the Los Reyes project.
Evidence · text
“Torex Gold Releases Results of Los Reyes Preliminary Economic Assessment”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The PEA includes Inferred Mineral Resources, which are considered too speculative geologically to have economic considerations applied.
Evidence · text
“It is important to note that the PEA is preliminary in nature, includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves”
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Gold recovery is estimated at 94.8% and silver recovery at 81.1% using whole-ore leaching and Merrill Crowe, which are strong to exceptional for these metals and process.
Evidence · table
“94.8%”
Context: Gold recovery (average)
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: A 0.17 gpt gold only cutoff was applied to ex-pit processed material for the open pit mill resource.
Evidence · text
“A 0.17 gpt gold only cutoff was applied to ex-pit processed material”
Extracted facts
Stored fact records: 40. Some facts used in scoring do not have a stored record.
Resource Estimates (40)
indicatedLos Reyes · goldTonnes: 26448000Grade: 1.47Grade Unit: gptContained Metal: 1251000Contained Unit: ozView all detailsHide details
Identity
- Project
- Los Reyes
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- TXG
Resource Data
- Category
- indicated
- Tonnes
- 26448000
- Grade
- 1.47
- Grade Unit
- gpt
- Contained Metal
- 1251000
- Contained Unit
- oz
- Cutoff Grade
- 0.17
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: The Indicated gold equivalent resource for the Open Pit Mill component highlights the combined value of gold and silver.
Positive factors
- Indicated category provides good confidence
- Significant contained gold equivalent
Evidence · table
“1.47”
Context: 26,448
indicatedLos Reyes · silverTonnes: 26448000Grade: 30.8Grade Unit: gptContained Metal: 26192000Contained Unit: ozView all detailsHide details
Identity
- Project
- Los Reyes
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- TXG
Resource Data
- Category
- indicated
- Tonnes
- 26448000
- Grade
- 30.8
- Grade Unit
- gpt
- Contained Metal
- 26192000
- Contained Unit
- oz
- Cutoff Grade
- 0.17
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated silver resource for the Open Pit Mill component adds substantial value as a byproduct to the project.
Positive factors
- Indicated category provides good confidence
- Significant contained silver
Evidence · table
“30.8”
Context: 26,448
inferredLos Reyes · goldTonnes: 8056000Grade: 1.31Grade Unit: gptContained Metal: 339000Contained Unit: ozView all detailsHide details
Identity
- Project
- Los Reyes
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- TXG
Resource Data
- Category
- inferred
- Tonnes
- 8056000
- Grade
- 1.31
- Grade Unit
- gpt
- Contained Metal
- 339000
- Contained Unit
- oz
- Cutoff Grade
- 0.17
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Inferred gold equivalent resource for the Open Pit Mill component provides future exploration potential but has lower confidence.
Positive factors
- Adds to overall resource base
Negative factors
- Inferred category has lower confidence
Evidence · table
“1.31”
Context: 8,056
inferredLos Reyes · silverTonnes: 8056000Grade: 34.4Grade Unit: gptContained Metal: 8917000Contained Unit: ozView all detailsHide details
Identity
- Project
- Los Reyes
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- TXG
Resource Data
- Category
- inferred
- Tonnes
- 8056000
- Grade
- 34.4
- Grade Unit
- gpt
- Contained Metal
- 8917000
- Contained Unit
- oz
- Cutoff Grade
- 0.17
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Inferred silver resource for the Open Pit Mill component provides future exploration potential but has lower confidence.
Positive factors
- Adds to overall resource base
Negative factors
- Inferred category has lower confidence
Evidence · table
“34.4”
Context: 8,056
indicatedLos Reyes · goldTonnes: 5361000Grade: 3.91Grade Unit: gptContained Metal: 674000Contained Unit: ozView all detailsHide details
Identity
- Project
- Los Reyes
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- TXG
Resource Data
- Category
- indicated
- Tonnes
- 5361000
- Grade
- 3.91
- Grade Unit
- gpt
- Contained Metal
- 674000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: The Indicated gold equivalent resource for the Underground Mill component highlights the strong combined value of gold and silver.
Positive factors
- Indicated category provides good confidence
- High gold equivalent grade for underground mining
Evidence · table
“3.91”
Context: 5,361
indicatedLos Reyes · silverTonnes: 5361000Grade: 129Grade Unit: gptContained Metal: 22231000Contained Unit: ozView all detailsHide details
Identity
- Project
- Los Reyes
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- TXG
Resource Data
- Category
- indicated
- Tonnes
- 5361000
- Grade
- 129
- Grade Unit
- gpt
- Contained Metal
- 22231000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated silver resource for the Underground Mill component shows very high grades, significantly contributing to project value.
Positive factors
- Indicated category provides good confidence
- Very high silver grade for underground mining
Evidence · table
“129.0”
Context: 5,361
inferredLos Reyes · goldTonnes: 5430000Grade: 2.65Grade Unit: gptContained Metal: 463000Contained Unit: ozView all detailsHide details
Identity
- Project
- Los Reyes
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- TXG
Resource Data
- Category
- inferred
- Tonnes
- 5430000
- Grade
- 2.65
- Grade Unit
- gpt
- Contained Metal
- 463000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Inferred gold equivalent resource for the Underground Mill component provides future exploration potential but has lower confidence.
Positive factors
- Adds to overall resource base
Negative factors
- Inferred category has lower confidence
Evidence · table
“2.65”
Context: 5,430
inferredLos Reyes · silverTonnes: 5430000Grade: 72.7Grade Unit: gptContained Metal: 12685000Contained Unit: ozView all detailsHide details
Identity
- Project
- Los Reyes
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- TXG
Resource Data
- Category
- inferred
- Tonnes
- 5430000
- Grade
- 72.7
- Grade Unit
- gpt
- Contained Metal
- 12685000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Inferred silver resource for the Underground Mill component provides future exploration potential but has lower confidence.
Positive factors
- Adds to overall resource base
Negative factors
- Inferred category has lower confidence
Evidence · table
“72.7”
Context: 5,430
indicatedLos Reyes · goldTonnes: 19441000Grade: 0.3Grade Unit: gptContained Metal: 187000Contained Unit: ozView all detailsHide details
Identity
- Project
- Los Reyes
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- TXG
Resource Data
- Category
- indicated
- Tonnes
- 19441000
- Grade
- 0.3
- Grade Unit
- gpt
- Contained Metal
- 187000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: The Indicated gold equivalent resource for the Open Pit Heap Leach component provides a low-cost processing option for lower-grade material.
Positive factors
- Indicated category provides good confidence
- Suitable for heap leach processing
Evidence · table
“0.30”
Context: 19,441
indicatedLos Reyes · silverTonnes: 19441000Grade: 11.9Grade Unit: gptContained Metal: 7437000Contained Unit: ozView all detailsHide details
Identity
- Project
- Los Reyes
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- TXG
Resource Data
- Category
- indicated
- Tonnes
- 19441000
- Grade
- 11.9
- Grade Unit
- gpt
- Contained Metal
- 7437000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated silver resource for the Open Pit Heap Leach component adds byproduct value to the lower-grade material.
Positive factors
- Indicated category provides good confidence
- Adds byproduct value to heap leach
Evidence · table
“11.9”
Context: 19,441
inferredLos Reyes · goldTonnes: 7413000Grade: 0.3Grade Unit: gptContained Metal: 71000Contained Unit: ozView all detailsHide details
Identity
- Project
- Los Reyes
- Commodity
- gold
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- TXG
Resource Data
- Category
- inferred
- Tonnes
- 7413000
- Grade
- 0.3
- Grade Unit
- gpt
- Contained Metal
- 71000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Inferred gold equivalent resource for the Open Pit Heap Leach component provides future exploration potential but has lower confidence.
Positive factors
- Adds to overall resource base
Negative factors
- Inferred category has lower confidence
Evidence · table
“0.30”
Context: 7,413
inferredLos Reyes · silverTonnes: 7413000Grade: 12.6Grade Unit: gptContained Metal: 3013000Contained Unit: ozView all detailsHide details
Identity
- Project
- Los Reyes
- Commodity
- silver
- Region
- mexico
- Reported Region
- Sinaloa, Mexico
- Ticker
- TXG
Resource Data
- Category
- inferred
- Tonnes
- 7413000
- Grade
- 12.6
- Grade Unit
- gpt
- Contained Metal
- 3013000
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Inferred silver resource for the Open Pit Heap Leach component provides future exploration potential but has lower confidence.
Positive factors
- Adds to overall resource base
Negative factors
- Inferred category has lower confidence
Evidence · table
“12.6”
Context: 7,413
Fact 13Los Reyes · goldView all detailsHide details
Identity
- Project
- Los Reyes
- Commodity
- gold
- Ticker
- TXG
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: The 94.8% gold recovery is exceptional for whole-ore leaching and Merrill Crowe, significantly enhancing project profitability.
Positive factors
- Exceptional gold recovery for the process route
- Contributes to strong project economics
Evidence · table
“94.8%”
Context: Gold recovery (average)
Fact 14Los Reyes · silverView all detailsHide details
Identity
- Project
- Los Reyes
- Commodity
- silver
- Ticker
- TXG
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: The 81.1% silver recovery is strong for whole-ore leaching and Merrill Crowe, adding significant value to the project.
Positive factors
- Strong silver recovery for the process route
- Contributes to strong project economics
Evidence · table
“81.1%”
Context: Silver recovery (average)
indicatedgoldTonnes: 26448000Grade: 1.13Grade Unit: g/tContained Metal: 961Contained Unit: kozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TXG
Resource Data
- Category
- indicated
- Tonnes
- 26448000
- Grade
- 1.13
- Grade Unit
- g/t
- Contained Metal
- 961
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated gold resource for the Open Pit Mill component contributes significantly to the project's overall economic viability. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category provides good confidence
- Significant tonnage and contained gold
Evidence · table
“1.13”
Context: 26,448
indicatedsilverTonnes: 26448000Grade: 30.8Grade Unit: g/tContained Metal: 26192Contained Unit: kozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- TXG
Resource Data
- Category
- indicated
- Tonnes
- 26448000
- Grade
- 30.8
- Grade Unit
- g/t
- Contained Metal
- 26192
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated gold resource for the Open Pit Mill component contributes significantly to the project's overall economic viability. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category provides good confidence
- Significant tonnage and contained gold
Evidence · table
“30.8”
Context: 26,448
measuredgoldTonnes: 26448000Grade: 1.13Grade Unit: g/tContained Metal: 961Contained Unit: kozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TXG
Resource Data
- Category
- measured
- Tonnes
- 26448000
- Grade
- 1.13
- Grade Unit
- g/t
- Contained Metal
- 961
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated gold resource for the Open Pit Mill component contributes significantly to the project's overall economic viability. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category provides good confidence
- Significant tonnage and contained gold
Evidence · table
“1.13”
Context: 26,448
measuredsilverTonnes: 26448000Grade: 30.8Grade Unit: g/tContained Metal: 26192Contained Unit: kozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- TXG
Resource Data
- Category
- measured
- Tonnes
- 26448000
- Grade
- 30.8
- Grade Unit
- g/t
- Contained Metal
- 26192
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated gold resource for the Open Pit Mill component contributes significantly to the project's overall economic viability. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category provides good confidence
- Significant tonnage and contained gold
Evidence · table
“30.8”
Context: 26,448
inferredgoldTonnes: 8056000Grade: 0.93Grade Unit: g/tContained Metal: 240Contained Unit: kozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TXG
Resource Data
- Category
- inferred
- Tonnes
- 8056000
- Grade
- 0.93
- Grade Unit
- g/t
- Contained Metal
- 240
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Inferred gold resource for the Open Pit Mill component provides future exploration potential but has lower confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Adds to overall resource base
Negative factors
- Inferred category has lower confidence
Evidence · table
“0.93”
Context: 8,056
inferredsilverTonnes: 8056000Grade: 34.4Grade Unit: g/tContained Metal: 8917Contained Unit: kozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- TXG
Resource Data
- Category
- inferred
- Tonnes
- 8056000
- Grade
- 34.4
- Grade Unit
- g/t
- Contained Metal
- 8917
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Inferred gold resource for the Open Pit Mill component provides future exploration potential but has lower confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Adds to overall resource base
Negative factors
- Inferred category has lower confidence
Evidence · table
“34.4”
Context: 8,056
indicatedgoldTonnes: 5361000Grade: 2.48Grade Unit: g/tContained Metal: 428Contained Unit: kozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TXG
Resource Data
- Category
- indicated
- Tonnes
- 5361000
- Grade
- 2.48
- Grade Unit
- g/t
- Contained Metal
- 428
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated gold resource for the Open Pit Mill component contributes significantly to the project's overall economic viability. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category provides good confidence
- Significant tonnage and contained gold
Evidence · table
“2.48”
Context: 5,361
indicatedsilverTonnes: 5361000Grade: 129Grade Unit: g/tContained Metal: 22231Contained Unit: kozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- TXG
Resource Data
- Category
- indicated
- Tonnes
- 5361000
- Grade
- 129
- Grade Unit
- g/t
- Contained Metal
- 22231
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated gold resource for the Open Pit Mill component contributes significantly to the project's overall economic viability. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category provides good confidence
- Significant tonnage and contained gold
Evidence · table
“129.0”
Context: 5,361
measuredgoldTonnes: 5361000Grade: 2.48Grade Unit: g/tContained Metal: 428Contained Unit: kozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TXG
Resource Data
- Category
- measured
- Tonnes
- 5361000
- Grade
- 2.48
- Grade Unit
- g/t
- Contained Metal
- 428
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated gold resource for the Open Pit Mill component contributes significantly to the project's overall economic viability. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category provides good confidence
- Significant tonnage and contained gold
Evidence · table
“2.48”
Context: 5,361
measuredsilverTonnes: 5361000Grade: 129Grade Unit: g/tContained Metal: 22231Contained Unit: kozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- TXG
Resource Data
- Category
- measured
- Tonnes
- 5361000
- Grade
- 129
- Grade Unit
- g/t
- Contained Metal
- 22231
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated gold resource for the Open Pit Mill component contributes significantly to the project's overall economic viability. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category provides good confidence
- Significant tonnage and contained gold
Evidence · table
“129.0”
Context: 5,361
inferredgoldTonnes: 5430000Grade: 1.84Grade Unit: g/tContained Metal: 322Contained Unit: kozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TXG
Resource Data
- Category
- inferred
- Tonnes
- 5430000
- Grade
- 1.84
- Grade Unit
- g/t
- Contained Metal
- 322
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Inferred gold resource for the Open Pit Mill component provides future exploration potential but has lower confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Adds to overall resource base
Negative factors
- Inferred category has lower confidence
Evidence · table
“1.84”
Context: 5,430
inferredsilverTonnes: 5430000Grade: 72.7Grade Unit: g/tContained Metal: 12685Contained Unit: kozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- TXG
Resource Data
- Category
- inferred
- Tonnes
- 5430000
- Grade
- 72.7
- Grade Unit
- g/t
- Contained Metal
- 12685
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Inferred gold resource for the Open Pit Mill component provides future exploration potential but has lower confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Adds to overall resource base
Negative factors
- Inferred category has lower confidence
Evidence · table
“72.7”
Context: 5,430
measuredgoldTonnes: 31809000Grade: 1.36Grade Unit: g/tContained Metal: 1388Contained Unit: kozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TXG
Resource Data
- Category
- measured
- Tonnes
- 31809000
- Grade
- 1.36
- Grade Unit
- g/t
- Contained Metal
- 1388
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated gold resource for the Open Pit Mill component contributes significantly to the project's overall economic viability. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category provides good confidence
- Significant tonnage and contained gold
Evidence · table
“1.36”
Context: 31,809
measuredsilverTonnes: 31809000Grade: 47.3Grade Unit: g/tContained Metal: 48423Contained Unit: kozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- TXG
Resource Data
- Category
- measured
- Tonnes
- 31809000
- Grade
- 47.3
- Grade Unit
- g/t
- Contained Metal
- 48423
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated gold resource for the Open Pit Mill component contributes significantly to the project's overall economic viability. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category provides good confidence
- Significant tonnage and contained gold
Evidence · table
“47.3”
Context: 31,809
inferredgoldTonnes: 13487000Grade: 1.3Grade Unit: g/tContained Metal: 562Contained Unit: kozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TXG
Resource Data
- Category
- inferred
- Tonnes
- 13487000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 562
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Inferred gold resource for the Open Pit Mill component provides future exploration potential but has lower confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Adds to overall resource base
Negative factors
- Inferred category has lower confidence
Evidence · table
“1.30”
Context: 13,487
inferredsilverTonnes: 13487000Grade: 49.8Grade Unit: g/tContained Metal: 21602Contained Unit: kozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- TXG
Resource Data
- Category
- inferred
- Tonnes
- 13487000
- Grade
- 49.8
- Grade Unit
- g/t
- Contained Metal
- 21602
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Inferred gold resource for the Open Pit Mill component provides future exploration potential but has lower confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Adds to overall resource base
Negative factors
- Inferred category has lower confidence
Evidence · table
“49.8”
Context: 13,487
indicatedgoldTonnes: 19441000Grade: 0.25Grade Unit: g/tContained Metal: 154Contained Unit: kozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TXG
Resource Data
- Category
- indicated
- Tonnes
- 19441000
- Grade
- 0.25
- Grade Unit
- g/t
- Contained Metal
- 154
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated gold resource for the Open Pit Mill component contributes significantly to the project's overall economic viability. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category provides good confidence
- Significant tonnage and contained gold
Evidence · table
“0.25”
Context: 19,441
indicatedsilverTonnes: 19441000Grade: 11.9Grade Unit: g/tContained Metal: 7437Contained Unit: kozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- TXG
Resource Data
- Category
- indicated
- Tonnes
- 19441000
- Grade
- 11.9
- Grade Unit
- g/t
- Contained Metal
- 7437
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated gold resource for the Open Pit Mill component contributes significantly to the project's overall economic viability. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category provides good confidence
- Significant tonnage and contained gold
Evidence · table
“11.9”
Context: 19,441
measuredgoldTonnes: 19441000Grade: 0.25Grade Unit: g/tContained Metal: 154Contained Unit: kozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TXG
Resource Data
- Category
- measured
- Tonnes
- 19441000
- Grade
- 0.25
- Grade Unit
- g/t
- Contained Metal
- 154
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated gold resource for the Open Pit Mill component contributes significantly to the project's overall economic viability. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category provides good confidence
- Significant tonnage and contained gold
Evidence · table
“0.25”
Context: 19,441
measuredsilverTonnes: 19441000Grade: 11.9Grade Unit: g/tContained Metal: 7437Contained Unit: kozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- TXG
Resource Data
- Category
- measured
- Tonnes
- 19441000
- Grade
- 11.9
- Grade Unit
- g/t
- Contained Metal
- 7437
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated gold resource for the Open Pit Mill component contributes significantly to the project's overall economic viability. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category provides good confidence
- Significant tonnage and contained gold
Evidence · table
“11.9”
Context: 19,441
inferredgoldTonnes: 7413000Grade: 0.24Grade Unit: g/tContained Metal: 57Contained Unit: kozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TXG
Resource Data
- Category
- inferred
- Tonnes
- 7413000
- Grade
- 0.24
- Grade Unit
- g/t
- Contained Metal
- 57
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Inferred gold resource for the Open Pit Mill component provides future exploration potential but has lower confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Adds to overall resource base
Negative factors
- Inferred category has lower confidence
Evidence · table
“0.24”
Context: 7,413
inferredsilverTonnes: 7413000Grade: 12.6Grade Unit: g/tContained Metal: 3013Contained Unit: kozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- TXG
Resource Data
- Category
- inferred
- Tonnes
- 7413000
- Grade
- 12.6
- Grade Unit
- g/t
- Contained Metal
- 3013
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Inferred gold resource for the Open Pit Mill component provides future exploration potential but has lower confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Adds to overall resource base
Negative factors
- Inferred category has lower confidence
Evidence · table
“12.6”
Context: 7,413
measuredgoldTonnes: 51250000Grade: 0.94Grade Unit: g/tContained Metal: 1542Contained Unit: kozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TXG
Resource Data
- Category
- measured
- Tonnes
- 51250000
- Grade
- 0.94
- Grade Unit
- g/t
- Contained Metal
- 1542
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated gold resource for the Open Pit Mill component contributes significantly to the project's overall economic viability. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category provides good confidence
- Significant tonnage and contained gold
Evidence · table
“0.94”
Context: 51,250
measuredsilverTonnes: 51250000Grade: 33.9Grade Unit: g/tContained Metal: 55860Contained Unit: kozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- TXG
Resource Data
- Category
- measured
- Tonnes
- 51250000
- Grade
- 33.9
- Grade Unit
- g/t
- Contained Metal
- 55860
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Indicated gold resource for the Open Pit Mill component contributes significantly to the project's overall economic viability. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Indicated category provides good confidence
- Significant tonnage and contained gold
Evidence · table
“33.9”
Context: 51,250
inferredgoldTonnes: 20899000Grade: 0.92Grade Unit: g/tContained Metal: 620Contained Unit: kozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- TXG
Resource Data
- Category
- inferred
- Tonnes
- 20899000
- Grade
- 0.92
- Grade Unit
- g/t
- Contained Metal
- 620
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Inferred gold resource for the Open Pit Mill component provides future exploration potential but has lower confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Adds to overall resource base
Negative factors
- Inferred category has lower confidence
Evidence · table
“0.92”
Context: 20,899
inferredsilverTonnes: 20899000Grade: 36.6Grade Unit: g/tContained Metal: 24615Contained Unit: kozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- TXG
Resource Data
- Category
- inferred
- Tonnes
- 20899000
- Grade
- 36.6
- Grade Unit
- g/t
- Contained Metal
- 24615
- Contained Unit
- koz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-07-07T00:00:00.000Z
Reasoning: This Inferred gold resource for the Open Pit Mill component provides future exploration potential but has lower confidence. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Adds to overall resource base
Negative factors
- Inferred category has lower confidence
Evidence · table
“36.6”
Context: 20,899
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.