Allied Gold Announces Preliminary Q4 2025 Operating Results, 2026 Guidance and MRMR Update; Special Meeting Set for March 31

Original announcement by tmx on

Company
Allied Gold Corporation
Ticker
AAUC
Exchange
TSX
Region
Unavailable
Primary commodity
Gold
Secondary commodities
None reported
Document categories
Resource update, Production, Agreement transaction
Extracted
2026-09-19 08:04:30 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Allied Gold announced strong preliminary Q4 2025 operating results, with 117,004 ounces of gold produced, contributing to a full-year total of 379,081 ounces, exceeding annual guidance. The company provided 2026 production guidance of 485,000 to 575,000 ounces, including contributions from the new Kurmuk Project, and an outlook for 640,000 to 680,000 ounces in 2027. Allied also updated its Mineral Reserves and Resources as of December 31, 2025, reporting a net increase in Proven and Probable Mineral Reserves to 11.2 million ounces, while Measured and Indicated Mineral Resources saw a modest decrease to 15.3 million ounces.

Reasoning: Allied Gold reported strong Q4 2025 production, exceeding guidance, and provided robust 2026 and 2027 production guidance driven by the Kurmuk project. The company also updated its Mineral Reserves and Resources, showing a net increase in reserves and maiden reserves at Oumé, though M&I resources saw a slight decrease. The announcement also details the acquisition by Zijin Gold at a substantial premium, offering immediate value to shareholders.

Positive factors

  • Strong Q4 2025 production exceeding guidance
  • Significant production growth projected for 2026 and 2027 with Kurmuk coming online
  • Net increase in Mineral Reserves, replacing depletion
  • Maiden Mineral Reserves declared at Oumé
  • Acquisition by Zijin Gold at a significant premium

Negative factors

  • Modest decrease in Measured and Indicated Mineral Resources
  • Recategorization of some Indicated to Inferred Mineral Resources

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 68

Classification and evidence

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document provides a comprehensive update to the company's Mineral Reserves and Mineral Resources as of December 31, 2025.

Evidence · text

“Mineral Reserves and Mineral Resources: As of December 31, 2025, Proven and Probable Mineral Reserves totalled 11.2 million ounces of gold”

Tonnage Growthpositive

Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.

Why it applies: Proven and Probable Mineral Reserves increased year-over-year, reflecting additions and replacement of depletion.

Evidence · text

“This represents a net year-over-year increase, reflecting the addition of new Mineral Reserves and the replacement of depletion from 2025 production.”

Inferred Resourcenegative

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

Why it applies: Inferred Mineral Resources increased to 2.1 million ounces from 1.4 million ounces in 2024, partly due to recategorization from Indicated.

Evidence · text

“The modest decrease is primarily attributable to the recategorization of some Indicated Mineral Resources to Inferred Mineral Resources, which increased to 2.1 million ounces (from 1.4 million ounces in 2024)”

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: Qualified Persons are named for both Mineral Reserves and Mineral Resources for each property, including Esteban Chacon, Alejandro Garrone, and Chelsey Protulipac.

Evidence · table

“Esteban Chacon, Register Member Chilean Mining Commission”

Context: Sadiola Mine

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 estimated in accordance with CIM Standards and NI 43-101.

Evidence · text

“Mineral Resources are estimated in accordance with CIM Standards and NI 43-101.”

Resource Updateneutral

Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The document provides an update to the company's Mineral Reserves and Mineral Resources as of December 31, 2025.

Evidence · text

“Mineral Reserves and Mineral Resources: As of December 31, 2025, Proven and Probable Mineral Reserves totalled 11.2 million ounces of gold”

Extracted facts

Stored fact records: 42. Some facts used in scoring do not have a stored record.

Resource Estimates (42)

provenSadiola Mine · goldTonnes: 37164000Grade: 1.17Grade Unit: g/tContained Metal: 1400Contained Unit: kozView all details
Link to this fact

Identity

Project
Sadiola Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:39849c5aabae85b892d4
Mining method
open_pit
Ownership percent
80 %

Resource Data

Category
proven
Tonnes
37164000
Grade
1.17
Grade Unit
g/t
Contained Metal
1400
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Sadiola Mine reports 37.16 Mt of Proven Reserves at 1.17 g/t gold for 1.4 Moz, contributing to the overall reserve base.

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

probableSadiola Mine · goldTonnes: 104664000Grade: 1.61Grade Unit: g/tContained Metal: 5411Contained Unit: kozView all details
Link to this fact

Identity

Project
Sadiola Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:ae2f4ee8b4947842bc9f
Mining method
open_pit
Ownership percent
80 %

Resource Data

Category
probable
Tonnes
104664000
Grade
1.61
Grade Unit
g/t
Contained Metal
5411
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Sadiola Mine reports 104.66 Mt of Probable Reserves at 1.61 g/t gold for 5.41 Moz, forming a significant portion of the project's reserves.

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

probableSadiola Mine · goldTonnes: 141827000Grade: 1.49Grade Unit: g/tContained Metal: 6811Contained Unit: kozView all details
Link to this fact

Identity

Project
Sadiola Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:6662eecaf0237c117935
Mining method
open_pit
Ownership percent
80 %

Resource Data

Category
probable
Tonnes
141827000
Grade
1.49
Grade Unit
g/t
Contained Metal
6811
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Sadiola Mine reports total Mineral Reserves of 141.83 Mt at 1.49 g/t gold for 6.81 Moz, representing a substantial reserve base for the project.

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

provenKorali Sud Mine · goldTonnes: 1658000Grade: 0.68Grade Unit: g/tContained Metal: 36Contained Unit: kozView all details
Link to this fact

Identity

Project
Korali Sud Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:9c9563433ac76dfa7363
Mining method
open_pit
Ownership percent
65 %

Resource Data

Category
proven
Tonnes
1658000
Grade
0.68
Grade Unit
g/t
Contained Metal
36
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Korali Sud Mine reports 1.66 Mt of Proven Reserves at 0.68 g/t gold for 36 koz, contributing to the project's reserve base.

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

probableKorali Sud Mine · goldTonnes: 1275000Grade: 1.56Grade Unit: g/tContained Metal: 64Contained Unit: kozView all details
Link to this fact

Identity

Project
Korali Sud Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:9f813d2f667b2fe01a06
Mining method
open_pit
Ownership percent
65 %

Resource Data

Category
probable
Tonnes
1275000
Grade
1.56
Grade Unit
g/t
Contained Metal
64
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Korali Sud Mine reports 1.28 Mt of Probable Reserves at 1.56 g/t gold for 64 koz, adding to the project's reserve profile.

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

probableKorali Sud Mine · goldTonnes: 2933000Grade: 1.06Grade Unit: g/tContained Metal: 100Contained Unit: kozView all details
Link to this fact

Identity

Project
Korali Sud Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:75fd3a9b3313d1c2f8d8
Mining method
open_pit
Ownership percent
65 %

Resource Data

Category
probable
Tonnes
2933000
Grade
1.06
Grade Unit
g/t
Contained Metal
100
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Korali Sud Mine reports total Mineral Reserves of 2.93 Mt at 1.06 g/t gold for 100 koz, providing a modest reserve base for the project.

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

provenKurmuk Project · goldTonnes: 7893000Grade: 1.28Grade Unit: g/tContained Metal: 324Contained Unit: kozView all details
Link to this fact

Identity

Project
Kurmuk Project
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:62a4afabd7a2c5381b5b
Mining method
open_pit
Ownership percent
93 %

Resource Data

Category
proven
Tonnes
7893000
Grade
1.28
Grade Unit
g/t
Contained Metal
324
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Kurmuk Project reports 7.89 Mt of Proven Reserves at 1.28 g/t gold for 324 koz, contributing to the project's reserve base.

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

probableKurmuk Project · goldTonnes: 56057000Grade: 1.32Grade Unit: g/tContained Metal: 2382Contained Unit: kozView all details
Link to this fact

Identity

Project
Kurmuk Project
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:2b8ee1336fa8d55caf5f
Mining method
open_pit
Ownership percent
93 %

Resource Data

Category
probable
Tonnes
56057000
Grade
1.32
Grade Unit
g/t
Contained Metal
2382
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Kurmuk Project reports 56.06 Mt of Probable Reserves at 1.32 g/t gold for 2.38 Moz, forming a significant part of the project's reserves.

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

probableKurmuk Project · goldTonnes: 63950000Grade: 1.32Grade Unit: g/tContained Metal: 2706Contained Unit: kozView all details
Link to this fact

Identity

Project
Kurmuk Project
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:91321826a2cf916fe912
Mining method
open_pit
Ownership percent
93 %

Resource Data

Category
probable
Tonnes
63950000
Grade
1.32
Grade Unit
g/t
Contained Metal
2706
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Kurmuk Project reports total Mineral Reserves of 63.95 Mt at 1.32 g/t gold for 2.71 Moz, providing a substantial reserve base for the project.

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

provenBonikro Mine · goldTonnes: 6601000Grade: 0.87Grade Unit: g/tContained Metal: 185Contained Unit: kozView all details
Link to this fact

Identity

Project
Bonikro Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:eabd7fa1b4da97d095ce
Mining method
open_pit
Ownership percent
89.89 %

Resource Data

Category
proven
Tonnes
6601000
Grade
0.87
Grade Unit
g/t
Contained Metal
185
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Bonikro Mine reports 6.60 Mt of Proven Reserves at 0.87 g/t gold for 185 koz, contributing to the project's reserve base.

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

probableBonikro Mine · goldTonnes: 26217000Grade: 1.32Grade Unit: g/tContained Metal: 1111Contained Unit: kozView all details
Link to this fact

Identity

Project
Bonikro Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:9cb6cda6af9c288051a2
Mining method
open_pit
Ownership percent
89.89 %

Resource Data

Category
probable
Tonnes
26217000
Grade
1.32
Grade Unit
g/t
Contained Metal
1111
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Bonikro Mine reports 26.22 Mt of Probable Reserves at 1.32 g/t gold for 1.11 Moz, forming a significant part of the project's reserves.

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

probableBonikro Mine · goldTonnes: 32819000Grade: 1.23Grade Unit: g/tContained Metal: 1296Contained Unit: kozView all details
Link to this fact

Identity

Project
Bonikro Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:6a77ade9aa77cb56296c
Mining method
open_pit
Ownership percent
89.89 %

Resource Data

Category
probable
Tonnes
32819000
Grade
1.23
Grade Unit
g/t
Contained Metal
1296
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Bonikro Mine reports total Mineral Reserves of 32.82 Mt at 1.23 g/t gold for 1.30 Moz, including new reserves from Phase 6 and Oumé, extending mine life.

Positive factors

  • Additional Mineral Reserves attributable to inclusion of Phase 6, significantly extending mine life
  • Maiden declaration of Mineral Reserves at Oumé

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

provenAgbaou Mine · goldTonnes: 1798000Grade: 1.07Grade Unit: g/tContained Metal: 62Contained Unit: kozView all details
Link to this fact

Identity

Project
Agbaou Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:f693021711672c6b33a6
Mining method
open_pit
Ownership percent
85 %

Resource Data

Category
proven
Tonnes
1798000
Grade
1.07
Grade Unit
g/t
Contained Metal
62
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Agbaou Mine reports 1.80 Mt of Proven Reserves at 1.07 g/t gold for 62 koz, contributing to the project's reserve base.

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

probableAgbaou Mine · goldTonnes: 3810000Grade: 1.53Grade Unit: g/tContained Metal: 188Contained Unit: kozView all details
Link to this fact

Identity

Project
Agbaou Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:3f75a64121e08cb49b3b
Mining method
open_pit
Ownership percent
85 %

Resource Data

Category
probable
Tonnes
3810000
Grade
1.53
Grade Unit
g/t
Contained Metal
188
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Agbaou Mine reports 3.81 Mt of Probable Reserves at 1.53 g/t gold for 188 koz, adding to the project's reserve profile.

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

probableAgbaou Mine · goldTonnes: 5608000Grade: 1.39Grade Unit: g/tContained Metal: 250Contained Unit: kozView all details
Link to this fact

Identity

Project
Agbaou Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:34fcfe9a64dd5ed18571
Mining method
open_pit
Ownership percent
85 %

Resource Data

Category
probable
Tonnes
5608000
Grade
1.39
Grade Unit
g/t
Contained Metal
250
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Agbaou Mine reports total Mineral Reserves of 5.61 Mt at 1.39 g/t gold for 250 koz, with drilling confirming continuity and de-risking the mine plan.

Positive factors

  • Additional deep drilling confirmed geometry, width, and grade continuity, de-risking mine plan

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

provengoldTonnes: 55114000Grade: 1.13Grade Unit: g/tContained Metal: 2007Contained Unit: kozView all details
Link to this fact

Identity

Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:4651830f412ac74e3648
Mining method
open_pit

Resource Data

Category
proven
Tonnes
55114000
Grade
1.13
Grade Unit
g/t
Contained Metal
2007
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Total Proven Mineral Reserves are 55.11 Mt at 1.13 g/t gold for 2.01 Moz, forming a solid foundation for the company's operations.

Tags used in scoring

Proven Reservepositive

Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

probablegoldTonnes: 192023000Grade: 1.48Grade Unit: g/tContained Metal: 9156Contained Unit: kozView all details
Link to this fact

Identity

Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:7604af43aa1e2d6e236f
Mining method
open_pit

Resource Data

Category
probable
Tonnes
192023000
Grade
1.48
Grade Unit
g/t
Contained Metal
9156
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Total Probable Mineral Reserves are 192.02 Mt at 1.48 g/t gold for 9.16 Moz, representing the largest portion of the company's reserves.

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

probablegoldTonnes: 247137000Grade: 1.41Grade Unit: g/tContained Metal: 11164Contained Unit: kozView all details
Link to this fact

Identity

Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
reserve
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Esteban Chacon
Resource group id
resource:ff19fc03ae0e8f23311d
Mining method
open_pit

Resource Data

Category
probable
Tonnes
247137000
Grade
1.41
Grade Unit
g/t
Contained Metal
11164
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Total Mineral Reserves are 247.14 Mt at 1.41 g/t gold for 11.16 Moz, representing a net year-over-year increase and a robust reserve base for the company.

Positive factors

  • Net year-over-year increase, reflecting addition of new Mineral Reserves and replacement of depletion

Tags used in scoring

Probable Reservepositive

Indicated Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "probable"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

measuredSadiola Mine · goldTonnes: 49326000Grade: 1.06Grade Unit: g/tContained Metal: 1686Contained Unit: kozView all details
Link to this fact

Identity

Project
Sadiola Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Alejandro Garrone
Resource group id
resource:addabf212dc6cba9f381
Ownership percent
80 %

Resource Data

Category
measured
Tonnes
49326000
Grade
1.06
Grade Unit
g/t
Contained Metal
1686
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Sadiola Mine reports 49.33 Mt of Measured Resources at 1.06 g/t gold for 1.69 Moz, contributing to the project's resource base.

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

indicatedSadiola Mine · goldTonnes: 158434000Grade: 1.55Grade Unit: g/tContained Metal: 7872Contained Unit: kozView all details
Link to this fact

Identity

Project
Sadiola Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Alejandro Garrone
Resource group id
resource:8c584ab75de4d7334eb3
Ownership percent
80 %

Resource Data

Category
indicated
Tonnes
158434000
Grade
1.55
Grade Unit
g/t
Contained Metal
7872
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Sadiola Mine reports 158.43 Mt of Indicated Resources at 1.55 g/t gold for 7.87 Moz, forming a significant portion of the project's resources.

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

indicatedSadiola Mine · goldTonnes: 207760000Grade: 1.43Grade Unit: g/tContained Metal: 9557Contained Unit: kozView all details
Link to this fact

Identity

Project
Sadiola Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Alejandro Garrone
Resource group id
resource:8c92b862fdf2ba09e7a3
Ownership percent
80 %

Resource Data

Category
indicated
Tonnes
207760000
Grade
1.43
Grade Unit
g/t
Contained Metal
9557
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Sadiola Mine reports total Measured and Indicated Resources of 207.76 Mt at 1.43 g/t gold for 9.56 Moz, including new oxide mineralization, providing a substantial resource base.

Positive factors

  • Newly discovered oxide mineralization at Sekekoto West – North Extension and FE2.5 incorporated into 2026 mine plan

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

measuredKorali Sud Mine · goldTonnes: 2117000Grade: 0.68Grade Unit: g/tContained Metal: 46Contained Unit: kozView all details
Link to this fact

Identity

Project
Korali Sud Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Alejandro Garrone
Resource group id
resource:ca9f6626497dfddeb52b
Ownership percent
65 %

Resource Data

Category
measured
Tonnes
2117000
Grade
0.68
Grade Unit
g/t
Contained Metal
46
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Korali Sud Mine reports 2.12 Mt of Measured Resources at 0.68 g/t gold for 46 koz, contributing to the project's resource base.

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

indicatedKorali Sud Mine · goldTonnes: 5863000Grade: 1.11Grade Unit: g/tContained Metal: 209Contained Unit: kozView all details
Link to this fact

Identity

Project
Korali Sud Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Alejandro Garrone
Resource group id
resource:fec30761f710b6bfca49
Ownership percent
65 %

Resource Data

Category
indicated
Tonnes
5863000
Grade
1.11
Grade Unit
g/t
Contained Metal
209
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Korali Sud Mine reports 5.86 Mt of Indicated Resources at 1.11 g/t gold for 209 koz, adding to the project's resource profile.

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

indicatedKorali Sud Mine · goldTonnes: 7980000Grade: 1Grade Unit: g/tContained Metal: 256Contained Unit: kozView all details
Link to this fact

Identity

Project
Korali Sud Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Alejandro Garrone
Resource group id
resource:c4f505c9a5c24b9024bd
Ownership percent
65 %

Resource Data

Category
indicated
Tonnes
7980000
Grade
1
Grade Unit
g/t
Contained Metal
256
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Korali Sud Mine reports total Measured and Indicated Resources of 7.98 Mt at 1.00 g/t gold for 256 koz, providing a modest resource base for the project.

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

measuredKurmuk Project · goldTonnes: 7748000Grade: 1.45Grade Unit: g/tContained Metal: 361Contained Unit: kozView all details
Link to this fact

Identity

Project
Kurmuk Project
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chelsey Protulipac
Resource group id
resource:9988721d12641bce4683
Ownership percent
93 %

Resource Data

Category
measured
Tonnes
7748000
Grade
1.45
Grade Unit
g/t
Contained Metal
361
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Kurmuk Project reports 7.75 Mt of Measured Resources at 1.45 g/t gold for 361 koz, contributing to the project's resource base.

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

indicatedKurmuk Project · goldTonnes: 64969000Grade: 1.44Grade Unit: g/tContained Metal: 3002Contained Unit: kozView all details
Link to this fact

Identity

Project
Kurmuk Project
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chelsey Protulipac
Resource group id
resource:387020f43c836ec71ede
Ownership percent
93 %

Resource Data

Category
indicated
Tonnes
64969000
Grade
1.44
Grade Unit
g/t
Contained Metal
3002
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Kurmuk Project reports 64.97 Mt of Indicated Resources at 1.44 g/t gold for 3.00 Moz, forming a significant portion of the project's resources.

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

indicatedKurmuk Project · goldTonnes: 72717000Grade: 1.44Grade Unit: g/tContained Metal: 3363Contained Unit: kozView all details
Link to this fact

Identity

Project
Kurmuk Project
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chelsey Protulipac
Resource group id
resource:385d73d86b1497cc3d99
Ownership percent
93 %

Resource Data

Category
indicated
Tonnes
72717000
Grade
1.44
Grade Unit
g/t
Contained Metal
3363
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Kurmuk Project reports total Measured and Indicated Resources of 72.72 Mt at 1.44 g/t gold for 3.36 Moz, with updated models incorporating recent drilling, providing a substantial resource base.

Positive factors

  • Updated Mineral Resource models for Dish Mountain and Ashashire generated to incorporate exploration and infill drilling

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

measuredBonikro Mine · goldTonnes: 8339000Grade: 1.14Grade Unit: g/tContained Metal: 306Contained Unit: kozView all details
Link to this fact

Identity

Project
Bonikro Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chelsey Protulipac
Resource group id
resource:c0b2c935ba94906e131e
Ownership percent
89.89 %

Resource Data

Category
measured
Tonnes
8339000
Grade
1.14
Grade Unit
g/t
Contained Metal
306
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Bonikro Mine reports 8.34 Mt of Measured Resources at 1.14 g/t gold for 306 koz, contributing to the project's resource base.

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

indicatedBonikro Mine · goldTonnes: 32316000Grade: 1.38Grade Unit: g/tContained Metal: 1436Contained Unit: kozView all details
Link to this fact

Identity

Project
Bonikro Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chelsey Protulipac
Resource group id
resource:0690e0625b1971d51024
Ownership percent
89.89 %

Resource Data

Category
indicated
Tonnes
32316000
Grade
1.38
Grade Unit
g/t
Contained Metal
1436
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Bonikro Mine reports 32.32 Mt of Indicated Resources at 1.38 g/t gold for 1.44 Moz, forming a significant part of the project's resources.

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

indicatedBonikro Mine · goldTonnes: 40654000Grade: 1.33Grade Unit: g/tContained Metal: 1742Contained Unit: kozView all details
Link to this fact

Identity

Project
Bonikro Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chelsey Protulipac
Resource group id
resource:4c09b6bca8386bbe8fdc
Ownership percent
89.89 %

Resource Data

Category
indicated
Tonnes
40654000
Grade
1.33
Grade Unit
g/t
Contained Metal
1742
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Bonikro Mine reports total Measured and Indicated Resources of 40.65 Mt at 1.33 g/t gold for 1.74 Moz, providing a significant resource base for the project.

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

measuredAgbaou Mine · goldTonnes: 3064000Grade: 1.25Grade Unit: g/tContained Metal: 123Contained Unit: kozView all details
Link to this fact

Identity

Project
Agbaou Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chelsey Protulipac
Resource group id
resource:d7a5e86b659e514d08c2
Ownership percent
85 %

Resource Data

Category
measured
Tonnes
3064000
Grade
1.25
Grade Unit
g/t
Contained Metal
123
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Agbaou Mine reports 3.06 Mt of Measured Resources at 1.25 g/t gold for 123 koz, contributing to the project's resource base.

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

indicatedAgbaou Mine · goldTonnes: 4537000Grade: 1.73Grade Unit: g/tContained Metal: 252Contained Unit: kozView all details
Link to this fact

Identity

Project
Agbaou Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chelsey Protulipac
Resource group id
resource:a1f31f050aa0dab9470a
Ownership percent
85 %

Resource Data

Category
indicated
Tonnes
4537000
Grade
1.73
Grade Unit
g/t
Contained Metal
252
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Agbaou Mine reports 4.54 Mt of Indicated Resources at 1.73 g/t gold for 252 koz, adding to the project's resource profile.

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

indicatedAgbaou Mine · goldTonnes: 7601000Grade: 1.53Grade Unit: g/tContained Metal: 374Contained Unit: kozView all details
Link to this fact

Identity

Project
Agbaou Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chelsey Protulipac
Resource group id
resource:84537fd6968e3ec13329
Ownership percent
85 %

Resource Data

Category
indicated
Tonnes
7601000
Grade
1.53
Grade Unit
g/t
Contained Metal
374
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Agbaou Mine reports total Measured and Indicated Resources of 7.60 Mt at 1.53 g/t gold for 374 koz, providing a modest resource base for the project.

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

measuredgoldTonnes: 70595000Grade: 1.11Grade Unit: g/tContained Metal: 2522Contained Unit: kozView all details
Link to this fact

Identity

Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Alejandro Garrone, Chelsey Protulipac
Resource group id
resource:ec89df89fc7068d0e6a4

Resource Data

Category
measured
Tonnes
70595000
Grade
1.11
Grade Unit
g/t
Contained Metal
2522
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Total Measured Mineral Resources are 70.60 Mt at 1.11 g/t gold for 2.52 Moz, forming a solid foundation for the company's resource base.

Tags used in scoring

Measured Resourcepositive

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

Why it applies: category is "measured"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

indicatedgoldTonnes: 266118000Grade: 1.49Grade Unit: g/tContained Metal: 12771Contained Unit: kozView all details
Link to this fact

Identity

Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Alejandro Garrone, Chelsey Protulipac
Resource group id
resource:b12c1a172211f50e8672

Resource Data

Category
indicated
Tonnes
266118000
Grade
1.49
Grade Unit
g/t
Contained Metal
12771
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Total Indicated Mineral Resources are 266.12 Mt at 1.49 g/t gold for 12.77 Moz, representing the largest portion of the company's resources.

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

indicatedgoldTonnes: 336713000Grade: 1.41Grade Unit: g/tContained Metal: 15292Contained Unit: kozView all details
Link to this fact

Identity

Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Alejandro Garrone, Chelsey Protulipac
Resource group id
resource:d8062bab934fb4a8cb4e

Resource Data

Category
indicated
Tonnes
336713000
Grade
1.41
Grade Unit
g/t
Contained Metal
15292
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Total Measured and Indicated Mineral Resources are 336.71 Mt at 1.41 g/t gold for 15.29 Moz, showing a modest decrease from 2024 due to recategorization to Inferred.

Negative factors

  • Modest decrease compared to 15.7 million ounces reported at end of 2024
  • Primarily attributable to recategorization of some Indicated Mineral Resources to Inferred

Tags used in scoring

Indicated Resourcepositive

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

Why it applies: category is "indicated"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

inferredSadiola Mine · goldTonnes: 45547000Grade: 1.13Grade Unit: g/tContained Metal: 1656Contained Unit: kozView all details
Link to this fact

Identity

Project
Sadiola Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Alejandro Garrone
Resource group id
resource:450581345257595f718f
Ownership percent
80 %

Resource Data

Category
inferred
Tonnes
45547000
Grade
1.13
Grade Unit
g/t
Contained Metal
1656
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Sadiola Mine reports 45.55 Mt of Inferred Resources at 1.13 g/t gold for 1.66 Moz, contributing to the project's inferred resource base.

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

inferredKorali Sud Mine · goldTonnes: 1209000Grade: 1.66Grade Unit: g/tContained Metal: 65Contained Unit: kozView all details
Link to this fact

Identity

Project
Korali Sud Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Alejandro Garrone
Resource group id
resource:ee8ce72c249d0d4f0ccc
Ownership percent
65 %

Resource Data

Category
inferred
Tonnes
1209000
Grade
1.66
Grade Unit
g/t
Contained Metal
65
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Korali Sud Mine reports 1.21 Mt of Inferred Resources at 1.66 g/t gold for 65 koz, adding to the project's inferred resource profile.

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

inferredKurmuk Project · goldTonnes: 4988000Grade: 1.35Grade Unit: g/tContained Metal: 217Contained Unit: kozView all details
Link to this fact

Identity

Project
Kurmuk Project
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chelsey Protulipac
Resource group id
resource:a7dc5b2cb1b011943c9e
Ownership percent
93 %

Resource Data

Category
inferred
Tonnes
4988000
Grade
1.35
Grade Unit
g/t
Contained Metal
217
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Kurmuk Project reports 4.99 Mt of Inferred Resources at 1.35 g/t gold for 217 koz, contributing to the project's inferred resource base.

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

inferredBonikro Mine · goldTonnes: 1659000Grade: 1.65Grade Unit: g/tContained Metal: 88Contained Unit: kozView all details
Link to this fact

Identity

Project
Bonikro Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chelsey Protulipac
Resource group id
resource:86cf272f7dc4b16f5fc7
Ownership percent
89.89 %

Resource Data

Category
inferred
Tonnes
1659000
Grade
1.65
Grade Unit
g/t
Contained Metal
88
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Bonikro Mine reports 1.66 Mt of Inferred Resources at 1.65 g/t gold for 88 koz, contributing to the project's inferred resource base.

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

inferredAgbaou Mine · goldTonnes: 781000Grade: 2.62Grade Unit: g/tContained Metal: 66Contained Unit: kozView all details
Link to this fact

Identity

Project
Agbaou Mine
Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Chelsey Protulipac
Resource group id
resource:02bbc5f9711f1938117b
Ownership percent
85 %

Resource Data

Category
inferred
Tonnes
781000
Grade
2.62
Grade Unit
g/t
Contained Metal
66
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Agbaou Mine reports 0.78 Mt of Inferred Resources at 2.62 g/t gold for 66 koz, contributing to the project's inferred resource base.

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

inferredgoldTonnes: 54183000Grade: 1.2Grade Unit: g/tContained Metal: 2091Contained Unit: kozView all details
Link to this fact

Identity

Commodity
gold
Ticker
AAUC

Resource scope

Estimate type
resource
Effective date
2025-12-31T00:00:00.000Z
Reporting standards
ni_43_101
QP Signed
Yes
Qualified person names
Alejandro Garrone, Chelsey Protulipac
Resource group id
resource:0491ba5bd61d7d8c7e20

Resource Data

Category
inferred
Tonnes
54183000
Grade
1.2
Grade Unit
g/t
Contained Metal
2091
Contained Unit
koz

Prior Estimate

Resource Date
2025-12-31

Review

Needs Review
No
Historical
No

Dates

Event date
2026-02-18T00:00:00.000Z

Reasoning: Total Inferred Mineral Resources are 54.18 Mt at 1.20 g/t gold for 2.09 Moz, showing a significant increase from 2024, indicating progress in expanding mineral inventories.

Positive factors

  • Increased to 2.1 million ounces from 1.4 million ounces in 2024, reflecting progress on increasing mineral inventories

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Undisclosednegative

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

Why it applies: no cutoff_grade was stated

QP/CP Signedpositive

Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.

Why it applies: qp_signed is true

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

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.