# 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 Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d Original source: https://money.tmx.com/en/quote/AGI/news/4880790603969468/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one- Publisher: tmx Original announcement: 2026-02-04T00:38:05.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas 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 factor: Significant increase in Mineral Reserves \(30% overall, 25% Island Gold underground, 40% Magino open pit\) - Positive factor: Conversion of Mineral Resources to Mineral Reserves, de-risking the project - Positive factor: Exceptional drill results from Cline-Pick target \(178.07 g/t Au over 3.54 m\) - Positive factor: Strong economic metrics \(69% after-tax IRR, $12.2 billion NPV at $4,500/oz gold\) - Positive factor: Increased production forecast \(534,000 oz/year over 10 years post-expansion\) - Positive factor: Low-cost structure with mine-site AISC of $1,025/oz over 10 years - Positive factor: Long mine life of 19 years maintained despite increased throughput - Positive factor: Expansion largely de-risked with key components underway or completed - Positive factor: Significant GHG emission intensity reduction \(56%\) - Negative factor: Measured and Indicated Mineral Resources declined across all projects, though this is attributed to conversion to reserves - Negative factor: Inferred Mineral Resources declined for Magino and the District, also attributed to conversion to reserves - Negative factor: 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 Growth** Polarity: positive Definition: 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 Growth** Polarity: positive Definition: 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 Decline** Polarity: negative Definition: 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 Update** Polarity: neutral Definition: 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 Compliant** Polarity: positive Definition: 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 Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: 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 Disclosed** Polarity: positive Definition: 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 Intercept** Polarity: positive Definition: 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 Only** Polarity: negative Definition: 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 Disclosed** Polarity: positive Definition: 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 Transparent** Polarity: positive Definition: 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) ### 25IGX128 [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-drill-facts-21) Cline-Pick · gold Historical result Needs review: historical\_restatement #### 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 factor: Bonanza Intercept - Positive factor: Exceptional Grade - Positive factor: Strong GT Product - Positive factor: QA/QC Disclosed - Positive factor: Compositing Transparent - Negative factor: Apparent Width Only Evidence · text > 178.07 g/t Au over 3.54 m \(25IGX128\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated ### 25IGX128 [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-drill-facts-22) Cline-Pick · gold Historical result Needs review: historical\_restatement #### 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 factor: Bonanza Intercept - Positive factor: Exceptional Grade - Positive factor: QA/QC Disclosed - Positive factor: Compositing Transparent - Negative factor: Apparent Width Only Evidence · text > 219.00 g/t Au over 0.70 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated ### 25IGX128 [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-drill-facts-23) Cline-Pick · gold Historical result Needs review: historical\_restatement #### 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 factor: Bonanza Intercept - Positive factor: Exceptional Grade - Positive factor: QA/QC Disclosed - Positive factor: Compositing Transparent - Negative factor: Apparent Width Only Evidence · text > 301.00 g/t Au over 0.68 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated ### 25IGX128 [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-drill-facts-24) Cline-Pick · gold Historical result Needs review: historical\_restatement #### 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 factor: Bonanza Intercept - Positive factor: Exceptional Grade - Positive factor: QA/QC Disclosed - Positive factor: Compositing Transparent - Negative factor: Apparent Width Only Evidence · text > 295.00 g/t Au over 0.62 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated ### 25IGX128 [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-drill-facts-25) Cline-Pick · gold Historical result Needs review: historical\_restatement #### 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 factor: Bonanza Intercept - Positive factor: Exceptional Grade - Positive factor: QA/QC Disclosed - Positive factor: Compositing Transparent - Negative factor: Apparent Width Only Evidence · text > 112.50 g/t Au over 0.50 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated ### 25IGX128 [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-drill-facts-26) Cline-Pick · gold #### 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 factor: Strong Grade - Positive factor: Strong GT Product - Positive factor: QA/QC Disclosed - Positive factor: Compositing Transparent - Negative factor: Apparent Width Only Evidence · text > 15.28 g/t Au over 5.52 m \(25IGX128\) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated ### 25IGX128 [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-drill-facts-27) Cline-Pick · gold #### 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 factor: Exceptional Grade - Positive factor: QA/QC Disclosed - Positive factor: Compositing Transparent - Negative factor: Apparent Width Only Evidence · text > 25.20 g/t Au over 0.66 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated ### 25IGX128 [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-drill-facts-28) Cline-Pick · gold #### 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 factor: Exceptional Grade - Positive factor: QA/QC Disclosed - Positive factor: Compositing Transparent - Negative factor: Apparent Width Only Evidence · text > 19.15 g/t Au over 0.35 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated ### 25IGX128 [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-drill-facts-29) Cline-Pick · gold #### 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 factor: Bonanza Intercept - Positive factor: Exceptional Grade - Positive factor: QA/QC Disclosed - Positive factor: Compositing Transparent - Negative factor: Apparent Width Only Evidence · text > 40.30 g/t Au over 0.59 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated ### 25IGX112 [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-drill-facts-30) Cline-Pick · gold #### 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 factor: Strong Grade - Positive factor: Strong GT Product - Positive factor: QA/QC Disclosed - Positive factor: Compositing Transparent - Negative factor: Apparent Width Only Evidence · text > 12.75 g/t Au over 8.79 m \(25IGX112 \) #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Transparent** Polarity: positive Definition: Cut-off grade and internal dilution rules are clearly stated for reported intervals. Why it applies: cutoff\_grade and internal dilution are both stated ### 25IGX112 [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-drill-facts-31) Cline-Pick · gold #### 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 factor: Bonanza Intercept - Positive factor: Exceptional Grade - Positive factor: QA/QC Disclosed - Positive factor: Compositing Transparent - Negative factor: Apparent Width Only Evidence · text > 93.75 g/t Au over 1.01 m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Transparent** Polarity: positive Definition: 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) ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-0) Island Gold · gold #### 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 factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: Category Upgrade - Negative factor: Grade Decline Evidence · table > 11.50 Context: 1,123 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 1123000 against 821000 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 415 against 312 previously ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-1) Island Gold · gold #### 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 factor: Tonnage Growth - Positive factor: Contained Metal Growth - Negative factor: Grade Decline Evidence · table > 10.54 Context: 13,949 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 13949000 against 10947000 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 4726 against 3795 previously ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-2) Island Gold · gold #### 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 factor: Tonnage Growth - Positive factor: Contained Metal Growth - Negative factor: Grade Decline Evidence · table > 10.61 Context: 15,072 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 15072000 against 11769000 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 5141 against 4107 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-3) Magino · gold #### 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 factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: Category Upgrade - Negative factor: Grade Decline Evidence · table > 0.80 Context: 42,437 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 42437000 against 22163000 previously **Grade Decline** Polarity: negative Definition: 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 Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 1097 against 626 previously ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-4) Magino · gold #### 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 factor: Tonnage Growth - Positive factor: Contained Metal Growth - Negative factor: Grade Decline Evidence · table > 0.90 Context: 70,704 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 70704000 against 54710000 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 2044 against 1613 previously ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-5) Magino · gold #### 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 factor: Tonnage Growth - Positive factor: Contained Metal Growth - Negative factor: Grade Decline Evidence · table > 0.86 Context: 113,141 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 113141000 against 76873000 previously **Grade Decline** Polarity: negative Definition: 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 Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 3141 against 2240 previously ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-6) Island Gold District · gold #### 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 factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: Category Upgrade - Negative factor: Grade Decline Evidence · table > 1.08 Context: 43,559 #### Tags used in scoring **Proven Reserve** Polarity: positive Definition: Measured Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "proven" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 43559000 against 22984000 previously **Grade Decline** Polarity: negative Definition: 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 Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 1512 against 938 previously ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-7) Island Gold District · gold #### 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 factor: Tonnage Growth - Positive factor: Contained Metal Growth - Negative factor: Grade Decline Evidence · table > 2.49 Context: 84,653 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 84653000 against 65657000 previously **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 6769 against 5408 previously ### probable [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-8) Island Gold District · gold #### 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 factor: Tonnage Growth - Positive factor: Contained Metal Growth - Negative factor: Grade Decline Evidence · table > 2.01 Context: 128,212 #### Tags used in scoring **Probable Reserve** Polarity: positive Definition: Indicated Resource with demonstrated economic viability after applying modifying factors. Why it applies: category is "probable" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 128212000 against 88642000 previously **Grade Decline** Polarity: negative Definition: 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 Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 8282 against 6347 previously ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-9) Island Gold · gold #### 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 factor: Resource conversion to reserves - Negative factor: Tonnage Decline - Negative factor: Grade Decline - Negative factor: Contained Metal Decline Evidence · table > 11.19 Context: 329 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 329000 against 470000 previously **Grade Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 118 against 222 previously ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-10) Island Gold · gold #### 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 factor: Resource conversion to reserves - Negative factor: Tonnage Decline - Negative factor: Grade Decline - Negative factor: Contained Metal Decline Evidence · table > 8.32 Context: 1,764 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 1764000 against 2640000 previously **Grade Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 472 against 827 previously ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-11) Island Gold · gold #### 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 factor: Resource conversion to reserves - Negative factor: Tonnage Decline - Negative factor: Grade Decline - Negative factor: Contained Metal Decline Evidence · table > 8.77 Context: 2,093 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 2093000 against 3110000 previously **Grade Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 590 against 1049 previously ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-12) Magino · gold #### 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 factor: Tonnage Growth - Positive factor: Contained Metal Growth - Positive factor: Resource conversion to reserves - Negative factor: Grade Decline Evidence · table > 0.70 Context: 6,714 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 6714000 against 5061000 previously **Grade Decline** Polarity: negative Definition: 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 Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: 151 against 141 previously ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-13) Magino · gold #### 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 factor: Resource conversion to reserves - Negative factor: Tonnage Decline - Negative factor: Grade Decline - Negative factor: Contained Metal Decline Evidence · table > 0.80 Context: 50,084 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 50084000 against 55209000 previously **Grade Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 1288 against 1615 previously ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-14) Magino · gold #### 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 factor: Resource conversion to reserves - Negative factor: Tonnage Decline - Negative factor: Grade Decline - Negative factor: Contained Metal Decline Evidence · table > 0.79 Context: 56,798 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 56798000 against 60270000 previously **Grade Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 1439 against 1756 previously ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-15) Island Gold District · gold #### 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 factor: Tonnage Growth - Positive factor: Resource conversion to reserves - Negative factor: Grade Decline - Negative factor: Contained Metal Decline Evidence · table > 1.19 Context: 7,042 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 7042000 against 5531000 previously **Grade Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 270 against 363 previously **Dilutive Growth** Polarity: negative Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-16) Island Gold District · gold #### 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 factor: Resource conversion to reserves - Negative factor: Tonnage Decline - Negative factor: Grade Decline - Negative factor: Contained Metal Decline Evidence · table > 1.056 Context: 51,848 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 51848000 against 57849000 previously **Grade Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 1760 against 2442 previously ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-17) Island Gold District · gold #### 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 factor: Resource conversion to reserves - Negative factor: Tonnage Decline - Negative factor: Grade Decline - Negative factor: Contained Metal Decline Evidence · table > 1.07 Context: 58,891 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 58891000 against 63380000 previously **Grade Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 2029 against 2805 previously ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-18) Island Gold · gold #### 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 factor: Tonnage Growth - Positive factor: Resource conversion to reserves - Negative factor: Grade Decline - Negative factor: Contained Metal Decline Evidence · table > 11.51 Context: 2,867 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Growth** Polarity: positive Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: 2867000 against 2449000 previously **Grade Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 1061 against 1329 previously **Dilutive Growth** Polarity: negative Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-19) Magino · gold #### 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 factor: Resource conversion to reserves - Negative factor: Tonnage Decline - Negative factor: Grade Decline - Negative factor: Contained Metal Decline Evidence · table > 0.75 Context: 14,045 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 14045000 against 40291000 previously **Grade Decline** Polarity: negative Definition: 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 Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 338 against 1191 previously ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/alamos-gold-announces-island-gold-district-expansion-to-20-000-tpd-creating-one--0211801c-fc65-4ea2-bf04-71cf8435e16d#fact-resource-facts-20) Island Gold District · gold #### 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 factor: Grade Improvement - Positive factor: Resource conversion to reserves - Negative factor: Tonnage Decline - Negative factor: Contained Metal Decline Evidence · table > 2.57 Context: 16,912 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Tonnage Decline** Polarity: negative Definition: Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down. Why it applies: 16912000 against 42740000 previously **Grade Improvement** Polarity: positive Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: 2.57 against 1.83 previously **Contained Metal Decline** Polarity: negative Definition: 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.