Alamos Gold Announces Island Gold District Expansion to 20,000 TPD, Creating One of Canada's Largest and Lowest Cost Gold Mines with Attractive Economics, including 69% After-Tax IRR and $12.2 Billion NPV at $4,500/oz Gold
Original announcement by tmx on
- Company
- Alamos Gold Inc.
- Ticker
- AGI
- Exchange
- TSX
- Region
- Ontario, Canada
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update, Production, Drill results
- Extracted
- 2026-09-13 11:13:15 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Alamos Gold announced a positive expansion study for its Island Gold District operation in Ontario, Canada, projecting a 30% increase in Mineral Reserves to 8.3 million ounces of gold and an expansion of the Magino mill to 20,000 tpd. The study outlines robust economics with a 69% after-tax IRR and $12.2 billion NPV at $4,500/oz gold, positioning it as one of Canada's largest and lowest-cost gold mines. The increase in reserves was driven by successful resource conversion, although Measured, Indicated, and Inferred Resources saw declines, and the overall reserve grade decreased by 10% for the district. Additionally, the company reported exceptional high-grade drill results from the Cline-Pick target, including 178.07 g/t Au over 3.54 m.
Reasoning: Alamos Gold announced a highly positive expansion study for its Island Gold District, significantly increasing gold reserves and production forecasts, and demonstrating robust economics. While resources declined, this was due to successful conversion to higher-confidence reserves. Exceptional drill results from regional targets further enhance the project's upside.
Positive factors
- Significant increase in Mineral Reserves (30% overall, 25% Island Gold underground, 40% Magino open pit)
- Conversion of Mineral Resources to Mineral Reserves, de-risking the project
- Exceptional drill results from Cline-Pick target (178.07 g/t Au over 3.54 m)
- Strong economic metrics (69% after-tax IRR, $12.2 billion NPV at $4,500/oz gold)
- Increased production forecast (534,000 oz/year over 10 years post-expansion)
- Low-cost structure with mine-site AISC of $1,025/oz over 10 years
- Long mine life of 19 years maintained despite increased throughput
- Expansion largely de-risked with key components underway or completed
- Significant GHG emission intensity reduction (56%)
Negative factors
- Measured and Indicated Mineral Resources declined across all projects, though this is attributed to conversion to reserves
- Inferred Mineral Resources declined for Magino and the District, also attributed to conversion to reserves
- Overall grade of Proven and Probable Mineral Reserves decreased by 10% for the Island Gold District
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 32
Classification and evidence
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: Proven and Probable Mineral Reserves for the Island Gold District increased by 45% from 88.642 million tonnes to 128.212 million tonnes.
Evidence · table
“128,212”
Context: Proven and Probable
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: Proven and Probable Mineral Reserves for the Island Gold District increased by 30% from 6,347 koz to 8,282 koz.
Evidence · table
“8,282”
Context: Proven and Probable
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: The average grade of Proven and Probable Mineral Reserves for the Island Gold District decreased by 10% from 2.23 g/t Au to 2.01 g/t Au.
Evidence · table
“2.01”
Context: Proven and Probable
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document reports results of an Expansion Study which includes updated Mineral Reserves and Resources compared to a prior Base Case LOM.
Evidence · text
“Alamos Gold Announces Island Gold District Expansion to 20,000 TPD, Creating One of Canada's Largest and Lowest Cost Gold Mines with Attractive Economics, including 69% After-Tax IRR and $12.2 Billion NPV at $4,500/oz Gold”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: Mineral Reserves and Resources are reported consistent with CIM Definition Standards and Qualified Persons are stated to be within the meaning of Canadian Securities Administrator's National Instrument 43-101.
Evidence · text
“Mr. McCann is a Qualified Person within the meaning of Canadian Securities Administrator's National Instrument 43-101 ("NI 43-101")”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Francis McCann, P.Eng., and Nathan Bourgeault, P.Eng., are named as Qualified Persons for the Mineral Reserve estimate, and Jeffrey Volk, CPG, FAusIMM, and Tyler Poulin, P. Geo., are named for the Mineral Resource estimate.
Evidence · text
“Francis McCann, P.Eng, Director - Technical Services is the Qualified Person for Magino’s Mineral Reserve estimate. Mr. McCann is a Qualified Person within the meaning of Canadian Securities Administrator's National Instrument 43-101 ("NI 43-101")”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Mineral Reserves are reported to a cut-off grade of 3.78 Au g/t at Island Gold and 0.30 Au g/t for Magino, and Mineral Resources at 3.36 g/t for Island Gold underground and 0.28 g/t Au for Magino open pit.
Evidence · text
“Mineral Reserves are reported to a cut-off grade of 3.78 Au g/t at Island Gold and 0.30 Au g/t for Magino”
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The drill intercept of 178.07 g/t Au over 3.54 m is exceptionally high-grade for an orogenic gold deposit.
Evidence · text
“178.07 g/t Au over 3.54 m (25IGX128)”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: True width for the drill intercepts is estimated as a range (40-85% or 10-20% of core length), not a single precise value.
Evidence · text
“True width is estimated to be 40 to 85% of core length unless otherwise indicated.”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release states that 'All reported composite intervals reported as uncut, and composites lengths are reported as core length.' and mentions QP sign-off.
Evidence · text
“All reported composite intervals reported as uncut, and composites lengths are reported as core length.”
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: Composites are calculated with a 0.5 g/t cut-off, maximum internal waste of 4 m, and no minimum length.
Evidence · text
“Composites are calculated with a 0.5 g/t cut-off, maximum internal waste of 4 m, and no minimum length.”
Extracted facts
Stored fact records: 32. Some facts used in scoring do not have a stored record.
Drill Results (11)
25IGX128Cline-Pick · goldGrade: 178.07Grade Unit: g/tIntercept: 3.54 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25IGX128
- Project
- Cline-Pick
- Commodity
- gold
- Region
- canada_on
- Reported Region
- canada_on
- Ticker
- AGI
Geometry
- Grade
- 178.07
- Grade Unit
- g/t
- Intercept
- 3.54 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Compositing
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
- Dilution Disclosed
- Yes
- Max Dilution
- 4 m
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: This intercept of 178.07 g/t Au over 3.54 m is an exceptional high-grade result for an orogenic gold deposit, with a strong grade-thickness product, indicating significant mineralization. True width is estimated as a range (40-85%), so the reported length is apparent.
Positive factors
- Bonanza Intercept
- Exceptional Grade
- Strong GT Product
- QA/QC Disclosed
- Compositing Transparent
Negative factors
- Apparent Width Only
Evidence · text
“178.07 g/t Au over 3.54 m (25IGX128)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
25IGX128Cline-Pick · goldGrade: 219Grade Unit: g/tIntercept: 0.7 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25IGX128
- Project
- Cline-Pick
- Commodity
- gold
- Region
- canada_on
- Reported Region
- canada_on
- Ticker
- AGI
Geometry
- Grade
- 219
- Grade Unit
- g/t
- Intercept
- 0.7 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Compositing
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
- Dilution Disclosed
- Yes
- Max Dilution
- 4 m
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: This sub-interval of 219.00 g/t Au over 0.70 m is an exceptional high-grade result within a broader intercept, further highlighting the bonanza-grade potential of the target. True width is estimated as a range (40-85%), so the reported length is apparent.
Positive factors
- Bonanza Intercept
- Exceptional Grade
- QA/QC Disclosed
- Compositing Transparent
Negative factors
- Apparent Width Only
Evidence · text
“219.00 g/t Au over 0.70 m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
25IGX128Cline-Pick · goldGrade: 301Grade Unit: g/tIntercept: 0.68 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25IGX128
- Project
- Cline-Pick
- Commodity
- gold
- Region
- canada_on
- Reported Region
- canada_on
- Ticker
- AGI
Geometry
- Grade
- 301
- Grade Unit
- g/t
- Intercept
- 0.68 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Compositing
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
- Dilution Disclosed
- Yes
- Max Dilution
- 4 m
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: This sub-interval of 301.00 g/t Au over 0.68 m is an exceptional high-grade result within a broader intercept, further highlighting the bonanza-grade potential of the target. True width is estimated as a range (40-85%), so the reported length is apparent.
Positive factors
- Bonanza Intercept
- Exceptional Grade
- QA/QC Disclosed
- Compositing Transparent
Negative factors
- Apparent Width Only
Evidence · text
“301.00 g/t Au over 0.68 m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
25IGX128Cline-Pick · goldGrade: 295Grade Unit: g/tIntercept: 0.62 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25IGX128
- Project
- Cline-Pick
- Commodity
- gold
- Region
- canada_on
- Reported Region
- canada_on
- Ticker
- AGI
Geometry
- Grade
- 295
- Grade Unit
- g/t
- Intercept
- 0.62 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Compositing
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
- Dilution Disclosed
- Yes
- Max Dilution
- 4 m
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: This sub-interval of 295.00 g/t Au over 0.62 m is an exceptional high-grade result within a broader intercept, further highlighting the bonanza-grade potential of the target. True width is estimated as a range (40-85%), so the reported length is apparent.
Positive factors
- Bonanza Intercept
- Exceptional Grade
- QA/QC Disclosed
- Compositing Transparent
Negative factors
- Apparent Width Only
Evidence · text
“295.00 g/t Au over 0.62 m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
25IGX128Cline-Pick · goldGrade: 112.5Grade Unit: g/tIntercept: 0.5 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 25IGX128
- Project
- Cline-Pick
- Commodity
- gold
- Region
- canada_on
- Reported Region
- canada_on
- Ticker
- AGI
Geometry
- Grade
- 112.5
- Grade Unit
- g/t
- Intercept
- 0.5 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Compositing
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
- Dilution Disclosed
- Yes
- Max Dilution
- 4 m
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: This sub-interval of 112.50 g/t Au over 0.50 m is an exceptional high-grade result within a broader intercept, further highlighting the bonanza-grade potential of the target. True width is estimated as a range (40-85%), so the reported length is apparent.
Positive factors
- Bonanza Intercept
- Exceptional Grade
- QA/QC Disclosed
- Compositing Transparent
Negative factors
- Apparent Width Only
Evidence · text
“112.50 g/t Au over 0.50 m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
25IGX128Cline-Pick · goldGrade: 15.28Grade Unit: g/tIntercept: 5.52 mView all detailsHide details
Identity
- Hole ID
- 25IGX128
- Project
- Cline-Pick
- Commodity
- gold
- Region
- canada_on
- Reported Region
- canada_on
- Ticker
- AGI
Geometry
- Grade
- 15.28
- Grade Unit
- g/t
- Intercept
- 5.52 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Compositing
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
- Dilution Disclosed
- Yes
- Max Dilution
- 4 m
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: This intercept of 15.28 g/t Au over 5.52 m is a strong high-grade result for an orogenic gold deposit, with a strong grade-thickness product, indicating significant mineralization. True width is estimated as approximately 50%, so the reported length is apparent.
Positive factors
- Strong Grade
- Strong GT Product
- QA/QC Disclosed
- Compositing Transparent
Negative factors
- Apparent Width Only
Evidence · text
“15.28 g/t Au over 5.52 m (25IGX128)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
25IGX128Cline-Pick · goldGrade: 25.2Grade Unit: g/tIntercept: 0.66 mView all detailsHide details
Identity
- Hole ID
- 25IGX128
- Project
- Cline-Pick
- Commodity
- gold
- Region
- canada_on
- Reported Region
- canada_on
- Ticker
- AGI
Geometry
- Grade
- 25.2
- Grade Unit
- g/t
- Intercept
- 0.66 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Compositing
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
- Dilution Disclosed
- Yes
- Max Dilution
- 4 m
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: This sub-interval of 25.20 g/t Au over 0.66 m is an exceptional high-grade result within a broader intercept, further highlighting the high-grade potential of the target. True width is estimated as approximately 50%, so the reported length is apparent.
Positive factors
- Exceptional Grade
- QA/QC Disclosed
- Compositing Transparent
Negative factors
- Apparent Width Only
Evidence · text
“25.20 g/t Au over 0.66 m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
25IGX128Cline-Pick · goldGrade: 19.15Grade Unit: g/tIntercept: 0.35 mView all detailsHide details
Identity
- Hole ID
- 25IGX128
- Project
- Cline-Pick
- Commodity
- gold
- Region
- canada_on
- Reported Region
- canada_on
- Ticker
- AGI
Geometry
- Grade
- 19.15
- Grade Unit
- g/t
- Intercept
- 0.35 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Compositing
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
- Dilution Disclosed
- Yes
- Max Dilution
- 4 m
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: This sub-interval of 19.15 g/t Au over 0.35 m is an exceptional high-grade result within a broader intercept, further highlighting the high-grade potential of the target. True width is estimated as approximately 50%, so the reported length is apparent.
Positive factors
- Exceptional Grade
- QA/QC Disclosed
- Compositing Transparent
Negative factors
- Apparent Width Only
Evidence · text
“19.15 g/t Au over 0.35 m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
25IGX128Cline-Pick · goldGrade: 40.3Grade Unit: g/tIntercept: 0.59 mView all detailsHide details
Identity
- Hole ID
- 25IGX128
- Project
- Cline-Pick
- Commodity
- gold
- Region
- canada_on
- Reported Region
- canada_on
- Ticker
- AGI
Geometry
- Grade
- 40.3
- Grade Unit
- g/t
- Intercept
- 0.59 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Compositing
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
- Dilution Disclosed
- Yes
- Max Dilution
- 4 m
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: This sub-interval of 40.30 g/t Au over 0.59 m is an exceptional high-grade result within a broader intercept, further highlighting the bonanza-grade potential of the target. True width is estimated as approximately 50%, so the reported length is apparent.
Positive factors
- Bonanza Intercept
- Exceptional Grade
- QA/QC Disclosed
- Compositing Transparent
Negative factors
- Apparent Width Only
Evidence · text
“40.30 g/t Au over 0.59 m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
25IGX112Cline-Pick · goldGrade: 12.75Grade Unit: g/tIntercept: 8.79 mView all detailsHide details
Identity
- Hole ID
- 25IGX112
- Project
- Cline-Pick
- Commodity
- gold
- Region
- canada_on
- Reported Region
- canada_on
- Ticker
- AGI
Geometry
- Grade
- 12.75
- Grade Unit
- g/t
- Intercept
- 8.79 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Compositing
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
- Dilution Disclosed
- Yes
- Max Dilution
- 4 m
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: This intercept of 12.75 g/t Au over 8.79 m is a strong high-grade result for an orogenic gold deposit, with a strong grade-thickness product, indicating significant mineralization. True width is estimated as a range (10-20%), so the reported length is apparent.
Positive factors
- Strong Grade
- Strong GT Product
- QA/QC Disclosed
- Compositing Transparent
Negative factors
- Apparent Width Only
Evidence · text
“12.75 g/t Au over 8.79 m (25IGX112 )”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
25IGX112Cline-Pick · goldGrade: 93.75Grade Unit: g/tIntercept: 1.01 mView all detailsHide details
Identity
- Hole ID
- 25IGX112
- Project
- Cline-Pick
- Commodity
- gold
- Region
- canada_on
- Reported Region
- canada_on
- Ticker
- AGI
Geometry
- Grade
- 93.75
- Grade Unit
- g/t
- Intercept
- 1.01 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
QA/QC
- QP Signed
- Yes
- QA/QC Methods
- standards
Compositing
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
- Dilution Disclosed
- Yes
- Max Dilution
- 4 m
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: This sub-interval of 93.75 g/t Au over 1.01 m is an exceptional high-grade result within a broader intercept, further highlighting the bonanza-grade potential of the target. True width is estimated as a range (10-20%), so the reported length is apparent.
Positive factors
- Bonanza Intercept
- Exceptional Grade
- QA/QC Disclosed
- Compositing Transparent
Negative factors
- Apparent Width Only
Evidence · text
“93.75 g/t Au over 1.01 m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Compositing Transparentpositive
Cut-off grade and internal dilution rules are clearly stated for reported intervals.
Why it applies: cutoff_grade and internal dilution are both stated
Resource Estimates (21)
provenIsland Gold · goldTonnes: 1123000Grade: 11.5Grade Unit: g/tContained Metal: 415Contained Unit: kozView all detailsHide details
Identity
- Project
- Island Gold
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Francis McCann, P.Eng., Nathan Bourgeault, P.Eng.
- Resource group id
- resource:390efd587a2e3b353a6c
Resource Data
- Category
- proven
- Tonnes
- 1123000
- Grade
- 11.5
- Grade Unit
- g/t
- Contained Metal
- 415
- Contained Unit
- koz
- Cutoff Grade
- 3.78
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 821000
- Prior Grade
- 11.82
- Prior Contained Metal
- 312
- Prior Cutoff Grade
- 3.78
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Proven reserves for Island Gold increased significantly in both tonnage (37%) and contained metal (33%), indicating successful delineation and de-risking, despite a slight grade decrease.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- Category Upgrade
Negative factors
- Grade Decline
Evidence · table
“11.50”
Context: 1,123
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 1123000 against 821000 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 415 against 312 previously
probableIsland Gold · goldTonnes: 13949000Grade: 10.54Grade Unit: g/tContained Metal: 4726Contained Unit: kozView all detailsHide details
Identity
- Project
- Island Gold
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Francis McCann, P.Eng., Nathan Bourgeault, P.Eng.
- Resource group id
- resource:2309d70d5a3e5b92c244
Resource Data
- Category
- probable
- Tonnes
- 13949000
- Grade
- 10.54
- Grade Unit
- g/t
- Contained Metal
- 4726
- Contained Unit
- koz
- Cutoff Grade
- 3.78
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 10947000
- Prior Grade
- 10.78
- Prior Contained Metal
- 3795
- Prior Cutoff Grade
- 3.78
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Probable reserves for Island Gold increased substantially in tonnage (27%) and contained metal (25%), reflecting successful conversion and expansion, with a minor grade reduction.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“10.54”
Context: 13,949
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 13949000 against 10947000 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 4726 against 3795 previously
probableIsland Gold · goldTonnes: 15072000Grade: 10.61Grade Unit: g/tContained Metal: 5141Contained Unit: kozView all detailsHide details
Identity
- Project
- Island Gold
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Francis McCann, P.Eng., Nathan Bourgeault, P.Eng.
- Resource group id
- resource:889d2918d632b70ae7ba
Resource Data
- Category
- probable
- Tonnes
- 15072000
- Grade
- 10.61
- Grade Unit
- g/t
- Contained Metal
- 5141
- Contained Unit
- koz
- Cutoff Grade
- 3.78
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 11769000
- Prior Grade
- 10.85
- Prior Contained Metal
- 4107
- Prior Cutoff Grade
- 3.78
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Total Proven and Probable reserves for Island Gold show strong growth in tonnage (28%) and contained metal (25%), indicating successful reserve expansion, despite a minor grade decrease.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“10.61”
Context: 15,072
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 15072000 against 11769000 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 5141 against 4107 previously
provenMagino · goldTonnes: 42437000Grade: 0.8Grade Unit: g/tContained Metal: 1097Contained Unit: kozView all detailsHide details
Identity
- Project
- Magino
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Francis McCann, P.Eng., Nathan Bourgeault, P.Eng.
- Resource group id
- resource:e6959c415184c67e17c9
Resource Data
- Category
- proven
- Tonnes
- 42437000
- Grade
- 0.8
- Grade Unit
- g/t
- Contained Metal
- 1097
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 22163000
- Prior Grade
- 0.88
- Prior Contained Metal
- 626
- Prior Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Proven reserves for Magino saw a substantial increase in tonnage (91%) and contained metal (75%), indicating successful conversion and expansion, despite a grade decrease.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- Category Upgrade
Negative factors
- Grade Decline
Evidence · table
“0.80”
Context: 42,437
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 42437000 against 22163000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.8 against 0.88 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 1097 against 626 previously
probableMagino · goldTonnes: 70704000Grade: 0.9Grade Unit: g/tContained Metal: 2044Contained Unit: kozView all detailsHide details
Identity
- Project
- Magino
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Francis McCann, P.Eng., Nathan Bourgeault, P.Eng.
- Resource group id
- resource:6d194a4ae79a053798ae
Resource Data
- Category
- probable
- Tonnes
- 70704000
- Grade
- 0.9
- Grade Unit
- g/t
- Contained Metal
- 2044
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 54710000
- Prior Grade
- 0.92
- Prior Contained Metal
- 1613
- Prior Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Probable reserves for Magino increased significantly in tonnage (29%) and contained metal (27%), reflecting successful conversion and expansion, with a minor grade reduction.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“0.90”
Context: 70,704
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 70704000 against 54710000 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 2044 against 1613 previously
probableMagino · goldTonnes: 113141000Grade: 0.86Grade Unit: g/tContained Metal: 3141Contained Unit: kozView all detailsHide details
Identity
- Project
- Magino
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Francis McCann, P.Eng., Nathan Bourgeault, P.Eng.
- Resource group id
- resource:dcd097ca402b87cc3f69
Resource Data
- Category
- probable
- Tonnes
- 113141000
- Grade
- 0.86
- Grade Unit
- g/t
- Contained Metal
- 3141
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 76873000
- Prior Grade
- 0.91
- Prior Contained Metal
- 2240
- Prior Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Total Proven and Probable reserves for Magino show strong growth in tonnage (47%) and contained metal (40%), indicating successful reserve expansion, despite a grade decrease.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“0.86”
Context: 113,141
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 113141000 against 76873000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.86 against 0.91 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 3141 against 2240 previously
provenIsland Gold District · goldTonnes: 43559000Grade: 1.08Grade Unit: g/tContained Metal: 1512Contained Unit: kozView all detailsHide details
Identity
- Project
- Island Gold District
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Francis McCann, P.Eng., Nathan Bourgeault, P.Eng.
- Resource group id
- resource:37f830e1a5ab7b594888
Resource Data
- Category
- proven
- Tonnes
- 43559000
- Grade
- 1.08
- Grade Unit
- g/t
- Contained Metal
- 1512
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 22984000
- Prior Grade
- 1.27
- Prior Contained Metal
- 938
- Prior Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Proven reserves for the Island Gold District increased substantially in tonnage (90%) and contained metal (61%), indicating successful delineation and de-risking, despite a grade decrease.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- Category Upgrade
Negative factors
- Grade Decline
Evidence · table
“1.08”
Context: 43,559
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 43559000 against 22984000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.08 against 1.27 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 1512 against 938 previously
probableIsland Gold District · goldTonnes: 84653000Grade: 2.49Grade Unit: g/tContained Metal: 6769Contained Unit: kozView all detailsHide details
Identity
- Project
- Island Gold District
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Francis McCann, P.Eng., Nathan Bourgeault, P.Eng.
- Resource group id
- resource:8a3f0c7c37ddd5112eb7
Resource Data
- Category
- probable
- Tonnes
- 84653000
- Grade
- 2.49
- Grade Unit
- g/t
- Contained Metal
- 6769
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 65657000
- Prior Grade
- 2.56
- Prior Contained Metal
- 5408
- Prior Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Probable reserves for the Island Gold District increased significantly in tonnage (29%) and contained metal (25%), reflecting successful conversion and expansion, with a minor grade reduction.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“2.49”
Context: 84,653
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 84653000 against 65657000 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 6769 against 5408 previously
probableIsland Gold District · goldTonnes: 128212000Grade: 2.01Grade Unit: g/tContained Metal: 8282Contained Unit: kozView all detailsHide details
Identity
- Project
- Island Gold District
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Francis McCann, P.Eng., Nathan Bourgeault, P.Eng.
- Resource group id
- resource:0dde6ba8b42cd520b474
Resource Data
- Category
- probable
- Tonnes
- 128212000
- Grade
- 2.01
- Grade Unit
- g/t
- Contained Metal
- 8282
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 88642000
- Prior Grade
- 2.23
- Prior Contained Metal
- 6347
- Prior Cutoff Grade
- 0.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Total Proven and Probable reserves for the Island Gold District show strong growth in tonnage (45%) and contained metal (30%), indicating successful reserve expansion, despite a grade decrease.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“2.01”
Context: 128,212
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 128212000 against 88642000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 2.01 against 2.23 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 8282 against 6347 previously
measuredIsland Gold · goldTonnes: 329000Grade: 11.19Grade Unit: g/tContained Metal: 118Contained Unit: kozView all detailsHide details
Identity
- Project
- Island Gold
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeffrey Volk, CPG, FAusIMM, Tyler Poulin, P. Geo.
- Resource group id
- resource:4af892ec90138dc268da
Resource Data
- Category
- measured
- Tonnes
- 329000
- Grade
- 11.19
- Grade Unit
- g/t
- Contained Metal
- 118
- Contained Unit
- koz
- Cutoff Grade
- 3.36
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 470000
- Prior Grade
- 14.66
- Prior Contained Metal
- 222
- Prior Cutoff Grade
- 3.36
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Measured resources for Island Gold declined significantly in tonnage (-30%), grade (-24%), and contained metal (-47%), likely due to successful conversion to reserves.
Positive factors
- Resource conversion to reserves
Negative factors
- Tonnage Decline
- Grade Decline
- Contained Metal Decline
Evidence · table
“11.19”
Context: 329
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 329000 against 470000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 11.19 against 14.66 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 118 against 222 previously
indicatedIsland Gold · goldTonnes: 1764000Grade: 8.32Grade Unit: g/tContained Metal: 472Contained Unit: kozView all detailsHide details
Identity
- Project
- Island Gold
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeffrey Volk, CPG, FAusIMM, Tyler Poulin, P. Geo.
- Resource group id
- resource:2452467f1c4346ab9bcc
Resource Data
- Category
- indicated
- Tonnes
- 1764000
- Grade
- 8.32
- Grade Unit
- g/t
- Contained Metal
- 472
- Contained Unit
- koz
- Cutoff Grade
- 3.36
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 2640000
- Prior Grade
- 9.75
- Prior Contained Metal
- 827
- Prior Cutoff Grade
- 3.36
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Indicated resources for Island Gold declined significantly in tonnage (-33%), grade (-15%), and contained metal (-43%), likely due to successful conversion to reserves.
Positive factors
- Resource conversion to reserves
Negative factors
- Tonnage Decline
- Grade Decline
- Contained Metal Decline
Evidence · table
“8.32”
Context: 1,764
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 1764000 against 2640000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 8.32 against 9.75 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 472 against 827 previously
indicatedIsland Gold · goldTonnes: 2093000Grade: 8.77Grade Unit: g/tContained Metal: 590Contained Unit: kozView all detailsHide details
Identity
- Project
- Island Gold
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeffrey Volk, CPG, FAusIMM, Tyler Poulin, P. Geo.
- Resource group id
- resource:87db4d04f6c3248712a5
Resource Data
- Category
- indicated
- Tonnes
- 2093000
- Grade
- 8.77
- Grade Unit
- g/t
- Contained Metal
- 590
- Contained Unit
- koz
- Cutoff Grade
- 3.36
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 3110000
- Prior Grade
- 10.49
- Prior Contained Metal
- 1049
- Prior Cutoff Grade
- 3.36
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Total Measured and Indicated resources for Island Gold declined significantly in tonnage (-33%), grade (-16%), and contained metal (-44%), likely due to successful conversion to reserves.
Positive factors
- Resource conversion to reserves
Negative factors
- Tonnage Decline
- Grade Decline
- Contained Metal Decline
Evidence · table
“8.77”
Context: 2,093
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 2093000 against 3110000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 8.77 against 10.49 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 590 against 1049 previously
measuredMagino · goldTonnes: 6714000Grade: 0.7Grade Unit: g/tContained Metal: 151Contained Unit: kozView all detailsHide details
Identity
- Project
- Magino
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeffrey Volk, CPG, FAusIMM, Tyler Poulin, P. Geo.
- Resource group id
- resource:f7fab8fd27199fcfbe18
Resource Data
- Category
- measured
- Tonnes
- 6714000
- Grade
- 0.7
- Grade Unit
- g/t
- Contained Metal
- 151
- Contained Unit
- koz
- Cutoff Grade
- 0.28
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 5061000
- Prior Grade
- 0.87
- Prior Contained Metal
- 141
- Prior Cutoff Grade
- 0.28
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Measured resources for Magino increased in tonnage (33%) and contained metal (7%), despite a grade decline (-20%), likely due to successful conversion to reserves.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- Resource conversion to reserves
Negative factors
- Grade Decline
Evidence · table
“0.70”
Context: 6,714
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 6714000 against 5061000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.7 against 0.87 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 151 against 141 previously
indicatedMagino · goldTonnes: 50084000Grade: 0.8Grade Unit: g/tContained Metal: 1288Contained Unit: kozView all detailsHide details
Identity
- Project
- Magino
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeffrey Volk, CPG, FAusIMM, Tyler Poulin, P. Geo.
- Resource group id
- resource:41b41047503410fb053e
Resource Data
- Category
- indicated
- Tonnes
- 50084000
- Grade
- 0.8
- Grade Unit
- g/t
- Contained Metal
- 1288
- Contained Unit
- koz
- Cutoff Grade
- 0.28
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 55209000
- Prior Grade
- 0.91
- Prior Contained Metal
- 1615
- Prior Cutoff Grade
- 0.28
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Indicated resources for Magino declined in tonnage (-9%), grade (-12%), and contained metal (-20%), likely due to successful conversion to reserves.
Positive factors
- Resource conversion to reserves
Negative factors
- Tonnage Decline
- Grade Decline
- Contained Metal Decline
Evidence · table
“0.80”
Context: 50,084
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 50084000 against 55209000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.8 against 0.91 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 1288 against 1615 previously
indicatedMagino · goldTonnes: 56798000Grade: 0.79Grade Unit: g/tContained Metal: 1439Contained Unit: kozView all detailsHide details
Identity
- Project
- Magino
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeffrey Volk, CPG, FAusIMM, Tyler Poulin, P. Geo.
- Resource group id
- resource:b3b2128edf81303ec8fd
Resource Data
- Category
- indicated
- Tonnes
- 56798000
- Grade
- 0.79
- Grade Unit
- g/t
- Contained Metal
- 1439
- Contained Unit
- koz
- Cutoff Grade
- 0.28
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 60270000
- Prior Grade
- 0.91
- Prior Contained Metal
- 1756
- Prior Cutoff Grade
- 0.28
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Total Measured and Indicated resources for Magino declined in tonnage (-6%), grade (-13%), and contained metal (-18%), likely due to successful conversion to reserves.
Positive factors
- Resource conversion to reserves
Negative factors
- Tonnage Decline
- Grade Decline
- Contained Metal Decline
Evidence · table
“0.79”
Context: 56,798
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 56798000 against 60270000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.79 against 0.91 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 1439 against 1756 previously
measuredIsland Gold District · goldTonnes: 7042000Grade: 1.19Grade Unit: g/tContained Metal: 270Contained Unit: kozView all detailsHide details
Identity
- Project
- Island Gold District
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeffrey Volk, CPG, FAusIMM, Tyler Poulin, P. Geo.
- Resource group id
- resource:e8459a7d1228d3a9bead
Resource Data
- Category
- measured
- Tonnes
- 7042000
- Grade
- 1.19
- Grade Unit
- g/t
- Contained Metal
- 270
- Contained Unit
- koz
- Cutoff Grade
- 0.28
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 5531000
- Prior Grade
- 2.04
- Prior Contained Metal
- 363
- Prior Cutoff Grade
- 0.28
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Measured resources for the Island Gold District increased in tonnage (27%) but declined significantly in grade (-42%) and contained metal (-26%), likely due to successful conversion to reserves.
Positive factors
- Tonnage Growth
- Resource conversion to reserves
Negative factors
- Grade Decline
- Contained Metal Decline
Evidence · table
“1.19”
Context: 7,042
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 7042000 against 5531000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.19 against 2.04 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 270 against 363 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 270 from 363
indicatedIsland Gold District · goldTonnes: 51848000Grade: 1.056Grade Unit: g/tContained Metal: 1760Contained Unit: kozView all detailsHide details
Identity
- Project
- Island Gold District
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeffrey Volk, CPG, FAusIMM, Tyler Poulin, P. Geo.
- Resource group id
- resource:a306c82b0b110a124223
Resource Data
- Category
- indicated
- Tonnes
- 51848000
- Grade
- 1.056
- Grade Unit
- g/t
- Contained Metal
- 1760
- Contained Unit
- koz
- Cutoff Grade
- 0.28
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 57849000
- Prior Grade
- 1.31
- Prior Contained Metal
- 2442
- Prior Cutoff Grade
- 0.28
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Indicated resources for the Island Gold District declined in tonnage (-10%), grade (-19%), and contained metal (-28%), likely due to successful conversion to reserves.
Positive factors
- Resource conversion to reserves
Negative factors
- Tonnage Decline
- Grade Decline
- Contained Metal Decline
Evidence · table
“1.056”
Context: 51,848
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 51848000 against 57849000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.056 against 1.31 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 1760 against 2442 previously
indicatedIsland Gold District · goldTonnes: 58891000Grade: 1.07Grade Unit: g/tContained Metal: 2029Contained Unit: kozView all detailsHide details
Identity
- Project
- Island Gold District
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeffrey Volk, CPG, FAusIMM, Tyler Poulin, P. Geo.
- Resource group id
- resource:568c372e7ccc78c10fbd
Resource Data
- Category
- indicated
- Tonnes
- 58891000
- Grade
- 1.07
- Grade Unit
- g/t
- Contained Metal
- 2029
- Contained Unit
- koz
- Cutoff Grade
- 0.28
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 63380000
- Prior Grade
- 1.38
- Prior Contained Metal
- 2805
- Prior Cutoff Grade
- 0.28
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Total Measured and Indicated resources for the Island Gold District declined in tonnage (-7%), grade (-22%), and contained metal (-28%), likely due to successful conversion to reserves.
Positive factors
- Resource conversion to reserves
Negative factors
- Tonnage Decline
- Grade Decline
- Contained Metal Decline
Evidence · table
“1.07”
Context: 58,891
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 58891000 against 63380000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.07 against 1.38 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 2029 against 2805 previously
inferredIsland Gold · goldTonnes: 2867000Grade: 11.51Grade Unit: g/tContained Metal: 1061Contained Unit: kozView all detailsHide details
Identity
- Project
- Island Gold
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeffrey Volk, CPG, FAusIMM, Tyler Poulin, P. Geo.
- Resource group id
- resource:725d02e2228f4778a80d
Resource Data
- Category
- inferred
- Tonnes
- 2867000
- Grade
- 11.51
- Grade Unit
- g/t
- Contained Metal
- 1061
- Contained Unit
- koz
- Cutoff Grade
- 3.36
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 2449000
- Prior Grade
- 16.88
- Prior Contained Metal
- 1329
- Prior Cutoff Grade
- 3.36
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Inferred resources for Island Gold increased in tonnage (17%) but declined significantly in grade (-32%) and contained metal (-20%), likely due to successful conversion to reserves.
Positive factors
- Tonnage Growth
- Resource conversion to reserves
Negative factors
- Grade Decline
- Contained Metal Decline
Evidence · table
“11.51”
Context: 2,867
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 2867000 against 2449000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 11.51 against 16.88 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 1061 against 1329 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 1061 from 1329
inferredMagino · goldTonnes: 14045000Grade: 0.75Grade Unit: g/tContained Metal: 338Contained Unit: kozView all detailsHide details
Identity
- Project
- Magino
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeffrey Volk, CPG, FAusIMM, Tyler Poulin, P. Geo.
- Resource group id
- resource:4b2b3bd2e2adc5556cf6
Resource Data
- Category
- inferred
- Tonnes
- 14045000
- Grade
- 0.75
- Grade Unit
- g/t
- Contained Metal
- 338
- Contained Unit
- koz
- Cutoff Grade
- 0.28
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 40291000
- Prior Grade
- 0.92
- Prior Contained Metal
- 1191
- Prior Cutoff Grade
- 0.28
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Inferred resources for Magino declined significantly in tonnage (-65%), grade (-18%), and contained metal (-72%), likely due to successful conversion to reserves.
Positive factors
- Resource conversion to reserves
Negative factors
- Tonnage Decline
- Grade Decline
- Contained Metal Decline
Evidence · table
“0.75”
Context: 14,045
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 14045000 against 40291000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.75 against 0.92 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 338 against 1191 previously
inferredIsland Gold District · goldTonnes: 16912000Grade: 2.57Grade Unit: g/tContained Metal: 1398Contained Unit: kozView all detailsHide details
Identity
- Project
- Island Gold District
- Commodity
- gold
- Region
- canada_on
- Reported Region
- Ontario, Canada
- Ticker
- AGI
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Jeffrey Volk, CPG, FAusIMM, Tyler Poulin, P. Geo.
- Resource group id
- resource:6d08c4fc318edd0b853d
Resource Data
- Category
- inferred
- Tonnes
- 16912000
- Grade
- 2.57
- Grade Unit
- g/t
- Contained Metal
- 1398
- Contained Unit
- koz
- Cutoff Grade
- 0.28
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 42740000
- Prior Grade
- 1.83
- Prior Contained Metal
- 2520
- Prior Cutoff Grade
- 0.28
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-04T00:00:00.000Z
Reasoning: Inferred resources for the Island Gold District declined significantly in tonnage (-60%) and contained metal (-45%), despite a grade increase (40%), likely due to successful conversion to reserves.
Positive factors
- Grade Improvement
- Resource conversion to reserves
Negative factors
- Tonnage Decline
- Contained Metal Decline
Evidence · table
“2.57”
Context: 16,912
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 Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is 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
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
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 16912000 against 42740000 previously
Grade Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: 2.57 against 1.83 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 1398 against 2520 previously
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.