Equinox Gold Secures Long-Term Land Access Agreements with All Three Communities at Los Filos Mine, Planning and Technical Work Underway to Support Mine Restart and Annual Production Expansion
Original announcement by tmx on
- Company
- Equinox Gold Corp.
- Ticker
- EQX
- Exchange
- TSX
- Region
- Mexico
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update, Agreement transaction
- Extracted
- 2026-09-13 22:32:40 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Equinox Gold has secured 20-year land access agreements with all three communities hosting its Los Filos Mine in Mexico, enabling the restart of heap leach operations and advancing technical studies for expansion. The Los Filos Mine holds substantial mineral reserves of 5.4 million ounces of gold and 42.6 million ounces of silver, and measured and indicated resources of 7.9 million ounces of gold and 77.4 million ounces of silver (exclusive of reserves), as of June 30, 2022. The company plans to optimize and grow the operation, including evaluating increased throughput for a potential carbon-in-leach facility.
Reasoning: Equinox Gold has secured crucial long-term land access agreements for its Los Filos Mine, enabling the restart of operations and advancing expansion studies for a significant gold-silver deposit, despite the resource/reserve data being from 2022.
Positive factors
- Long-term land access agreements secured
- Mine restart planning initiated
- Significant mineral reserves and resources
- Potential for expansion and optimization
- QP sign-off on technical information
Negative factors
- Resource/reserve effective date is June 30, 2022 (stale data)
- Production guidance for 2026 excludes Los Filos, indicating restart will take time
- Risks related to legal, political, environmental factors mentioned
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 30
Classification and evidence
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: Mineral Reserves and Resources have been estimated in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (2014), which are incorporated by reference in NI 43-101.
Evidence · text
“Mineral Reserves have been estimated in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (2014), which are incorporated by reference in NI 43-101.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Matthew MacPhail, P.Eng., Senior Vice President Business Planning and Technical Services for Equinox Gold and a “Qualified Person” under National Instrument 43-101, approved the scientific and technical information. Mr. Eugene Tucker, P.Eng., Mr. Paul Salmenmaki, P.Eng., and Mr. Ali Shahkar, P.Eng., are also named as “Qualified Persons” responsible for the estimates.
Evidence · text
“The scientific and technical information contained in this news release was approved by Matthew MacPhail, P.Eng., Senior Vice President Business Planning and Technical Services for Equinox Gold and a “Qualified Person” under National Instrument 43-101.”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The effective date of the Mineral Reserves and Resources is June 30, 2022, while the announcement date is June 25, 2026, making the estimate over two years old.
Evidence · text
“Effective date of Mineral Reserves is June 30, 2022.”
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The document reports 'Proven' mineral reserves for both open pit and underground mining methods.
Evidence · table
“Proven”
Context: Classification
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: The document reports 'Probable' mineral reserves for both open pit and underground mining methods.
Evidence · table
“Probable”
Context: Classification
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The document reports 'Measured' mineral resources for Bermejal / Guadalupe Open Pit, Los Filos Open Pit, and Los Filos Underground.
Evidence · table
“Measured”
Context: Classification
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The document reports 'Indicated' mineral resources for Bermejal / Guadalupe Open Pit, Bermejal Underground, Los Filos Open Pit, and Los Filos Underground.
Evidence · table
“Indicated”
Context: Classification
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The document reports 'Inferred' mineral resources for Bermejal / Guadalupe Open Pit, Bermejal Underground, Los Filos Open Pit, and Los Filos Underground.
Evidence · table
“Inferred”
Context: Classification
Open Pit Mining Methodneutral · Story-specific tag
No canonical definition is currently available.
Why it applies: Both mineral reserves and resources are reported for 'Open Pit' mining methods.
Evidence · table
“Open Pit”
Context: Mining Method
Underground Mining Methodneutral · Story-specific tag
No canonical definition is currently available.
Why it applies: Both mineral reserves and resources are reported for 'Underground' mining methods.
Evidence · table
“Underground”
Context: Mining Method
Extracted facts
Stored fact records: 30. Some facts used in scoring do not have a stored record.
Resource Estimates (30)
provenLos Filos Mine · goldTonnes: 35154000Grade: 0.74Grade Unit: g/tContained Metal: 837Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:9ca97364fc998b529c94
Resource Data
- Category
- proven
- Tonnes
- 35154000
- Grade
- 0.74
- Grade Unit
- g/t
- Contained Metal
- 837
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Proven open pit gold reserve with good grade, contributing significantly to the overall reserve base.
Positive factors
- High confidence proven reserve
- Open pit mining method
Negative factors
- Stale data (2022 effective date)
Evidence · table
“0.74”
Context: 35,154
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
provenLos Filos Mine · silverTonnes: 35154000Grade: 5Grade Unit: g/tContained Metal: 5677Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:9ca97364fc998b529c94
Resource Data
- Category
- proven
- Tonnes
- 35154000
- Grade
- 5
- Grade Unit
- g/t
- Contained Metal
- 5677
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Proven open pit silver reserve, providing byproduct value.
Positive factors
- High confidence proven reserve
- Open pit mining method
Negative factors
- Stale data (2022 effective date)
Evidence · table
“5.0”
Context: 35,154
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
provenLos Filos Mine · goldTonnes: 299000Grade: 4.15Grade Unit: g/tContained Metal: 40Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:d058eb66e9514295b3d3
Resource Data
- Category
- proven
- Tonnes
- 299000
- Grade
- 4.15
- Grade Unit
- g/t
- Contained Metal
- 40
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Proven underground gold reserve with high grade, though representing a smaller tonnage.
Positive factors
- High confidence proven reserve
- High gold grade for underground
Negative factors
- Small tonnage
- Stale data (2022 effective date)
Evidence · table
“4.15”
Context: 299
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
provenLos Filos Mine · silverTonnes: 299000Grade: 13.7Grade Unit: g/tContained Metal: 132Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:d058eb66e9514295b3d3
Resource Data
- Category
- proven
- Tonnes
- 299000
- Grade
- 13.7
- Grade Unit
- g/t
- Contained Metal
- 132
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Proven underground silver reserve, providing byproduct value from a smaller tonnage.
Positive factors
- High confidence proven reserve
Negative factors
- Small tonnage
- Stale data (2022 effective date)
Evidence · table
“13.7”
Context: 299
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
probableLos Filos Mine · goldTonnes: 145476000Grade: 0.62Grade Unit: g/tContained Metal: 2921Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:9bc87d540b4a68920160
Resource Data
- Category
- probable
- Tonnes
- 145476000
- Grade
- 0.62
- Grade Unit
- g/t
- Contained Metal
- 2921
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Large probable open pit gold reserve, forming a substantial part of the overall reserve base.
Positive factors
- Large probable open pit gold reserve
- Significant contained metal
Negative factors
- Stale data (2022 effective date)
Evidence · table
“0.62”
Context: 145,476
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
probableLos Filos Mine · silverTonnes: 145476000Grade: 6.3Grade Unit: g/tContained Metal: 29303Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:9bc87d540b4a68920160
Resource Data
- Category
- probable
- Tonnes
- 145476000
- Grade
- 6.3
- Grade Unit
- g/t
- Contained Metal
- 29303
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Large probable open pit silver reserve, providing significant byproduct value.
Positive factors
- Large probable open pit silver reserve
Negative factors
- Stale data (2022 effective date)
Evidence · table
“6.3”
Context: 145,476
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
probableLos Filos Mine · goldTonnes: 12297000Grade: 3.94Grade Unit: g/tContained Metal: 1556Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:47094e9cf6f7054cd7c7
Resource Data
- Category
- probable
- Tonnes
- 12297000
- Grade
- 3.94
- Grade Unit
- g/t
- Contained Metal
- 1556
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Significant probable underground gold reserve with high grade, contributing to the overall reserve base.
Positive factors
- Significant probable underground gold reserve
- High gold grade for underground
Negative factors
- Stale data (2022 effective date)
Evidence · table
“3.94”
Context: 12,297
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
probableLos Filos Mine · silverTonnes: 12297000Grade: 18.9Grade Unit: g/tContained Metal: 7458Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:47094e9cf6f7054cd7c7
Resource Data
- Category
- probable
- Tonnes
- 12297000
- Grade
- 18.9
- Grade Unit
- g/t
- Contained Metal
- 7458
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Significant probable underground silver reserve, providing byproduct value.
Positive factors
- Significant probable underground silver reserve
Negative factors
- Stale data (2022 effective date)
Evidence · table
“18.9”
Context: 12,297
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
measuredLos Filos Mine · goldTonnes: 9898000Grade: 0.76Grade Unit: g/tContained Metal: 243Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:561eca676cd0c35afc48
- Deposit or zone
- Bermejal / Guadalupe Open Pit
Resource Data
- Category
- measured
- Tonnes
- 9898000
- Grade
- 0.76
- Grade Unit
- g/t
- Contained Metal
- 243
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Measured open pit gold resource with good grade, contributing to the overall resource base.
Positive factors
- High confidence measured resource
- Open pit mining method
Negative factors
- Stale data (2022 effective date)
Evidence · table
“0.76”
Context: 9,898
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
measuredLos Filos Mine · silverTonnes: 9898000Grade: 6.4Grade Unit: g/tContained Metal: 2034Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:561eca676cd0c35afc48
- Deposit or zone
- Bermejal / Guadalupe Open Pit
Resource Data
- Category
- measured
- Tonnes
- 9898000
- Grade
- 6.4
- Grade Unit
- g/t
- Contained Metal
- 2034
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Measured open pit silver resource, providing byproduct value.
Positive factors
- High confidence measured resource
Negative factors
- Stale data (2022 effective date)
Evidence · table
“6.4”
Context: 9,898
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
indicatedLos Filos Mine · goldTonnes: 184152000Grade: 0.59Grade Unit: g/tContained Metal: 3492Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:035ed089088a59cf4713
- Deposit or zone
- Bermejal / Guadalupe Open Pit
Resource Data
- Category
- indicated
- Tonnes
- 184152000
- Grade
- 0.59
- Grade Unit
- g/t
- Contained Metal
- 3492
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Large indicated open pit gold resource, forming a substantial part of the overall resource base.
Positive factors
- Large indicated open pit gold resource
- Significant contained metal
Negative factors
- Stale data (2022 effective date)
Evidence · table
“0.59”
Context: 184,152
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
indicatedLos Filos Mine · silverTonnes: 184152000Grade: 7.6Grade Unit: g/tContained Metal: 45186Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:035ed089088a59cf4713
- Deposit or zone
- Bermejal / Guadalupe Open Pit
Resource Data
- Category
- indicated
- Tonnes
- 184152000
- Grade
- 7.6
- Grade Unit
- g/t
- Contained Metal
- 45186
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Large indicated open pit silver resource, providing significant byproduct value.
Positive factors
- Large indicated open pit silver resource
Negative factors
- Stale data (2022 effective date)
Evidence · table
“7.6”
Context: 184,152
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
inferredLos Filos Mine · goldTonnes: 44292000Grade: 0.55Grade Unit: g/tContained Metal: 777Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:999c8666ebad3e1c0412
- Deposit or zone
- Bermejal / Guadalupe Open Pit
Resource Data
- Category
- inferred
- Tonnes
- 44292000
- Grade
- 0.55
- Grade Unit
- g/t
- Contained Metal
- 777
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Inferred open pit gold resource, indicating exploration potential.
Positive factors
- Significant inferred open pit gold resource
Negative factors
- Lower confidence inferred category
- Stale data (2022 effective date)
Evidence · table
“0.55”
Context: 44,292
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
inferredLos Filos Mine · silverTonnes: 44292000Grade: 9.8Grade Unit: g/tContained Metal: 13932Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:999c8666ebad3e1c0412
- Deposit or zone
- Bermejal / Guadalupe Open Pit
Resource Data
- Category
- inferred
- Tonnes
- 44292000
- Grade
- 9.8
- Grade Unit
- g/t
- Contained Metal
- 13932
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Inferred open pit silver resource, indicating exploration potential.
Positive factors
- Significant inferred open pit silver resource
Negative factors
- Lower confidence inferred category
- Stale data (2022 effective date)
Evidence · table
“9.8”
Context: 44,292
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
indicatedLos Filos Mine · goldTonnes: 998000Grade: 3.97Grade Unit: g/tContained Metal: 127Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:26a922d3a62e4d011e65
- Deposit or zone
- Bermejal Underground (below $1,500 pit shell)
Resource Data
- Category
- indicated
- Tonnes
- 998000
- Grade
- 3.97
- Grade Unit
- g/t
- Contained Metal
- 127
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Indicated underground gold resource with high grade, contributing to the overall resource base.
Positive factors
- Indicated underground gold resource
- High gold grade for underground
Negative factors
- Small tonnage
- Stale data (2022 effective date)
- Variable cutoff grade
Evidence · table
“3.97”
Context: 998
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
indicatedLos Filos Mine · silverTonnes: 998000Grade: 16.3Grade Unit: g/tContained Metal: 522Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:26a922d3a62e4d011e65
- Deposit or zone
- Bermejal Underground (below $1,500 pit shell)
Resource Data
- Category
- indicated
- Tonnes
- 998000
- Grade
- 16.3
- Grade Unit
- g/t
- Contained Metal
- 522
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Indicated underground silver resource, providing byproduct value.
Positive factors
- Indicated underground silver resource
Negative factors
- Small tonnage
- Stale data (2022 effective date)
- Variable cutoff grade
Evidence · table
“16.3”
Context: 998
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
inferredLos Filos Mine · goldTonnes: 1501000Grade: 4.98Grade Unit: g/tContained Metal: 241Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:81d224e9ba3d4267646e
- Deposit or zone
- Bermejal Underground (below $1,500 pit shell)
Resource Data
- Category
- inferred
- Tonnes
- 1501000
- Grade
- 4.98
- Grade Unit
- g/t
- Contained Metal
- 241
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Inferred underground gold resource with high grade, indicating exploration potential.
Positive factors
- Inferred underground gold resource
- High gold grade for underground
Negative factors
- Lower confidence inferred category
- Stale data (2022 effective date)
- Variable cutoff grade
Evidence · table
“4.98”
Context: 1,501
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
inferredLos Filos Mine · silverTonnes: 1501000Grade: 22.7Grade Unit: g/tContained Metal: 1093Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:81d224e9ba3d4267646e
- Deposit or zone
- Bermejal Underground (below $1,500 pit shell)
Resource Data
- Category
- inferred
- Tonnes
- 1501000
- Grade
- 22.7
- Grade Unit
- g/t
- Contained Metal
- 1093
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Inferred underground silver resource, providing byproduct value.
Positive factors
- Inferred underground silver resource
Negative factors
- Lower confidence inferred category
- Stale data (2022 effective date)
- Variable cutoff grade
Evidence · table
“22.7”
Context: 1,501
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
measuredLos Filos Mine · goldTonnes: 35327000Grade: 1.09Grade Unit: g/tContained Metal: 1238Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:d174be07a352e833ee1b
- Deposit or zone
- Los Filos Open Pit
Resource Data
- Category
- measured
- Tonnes
- 35327000
- Grade
- 1.09
- Grade Unit
- g/t
- Contained Metal
- 1238
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Measured open pit gold resource with good grade, contributing significantly to the overall resource base.
Positive factors
- High confidence measured resource
- Good gold grade for open pit
Negative factors
- Stale data (2022 effective date)
Evidence · table
“1.09”
Context: 35,327
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
measuredLos Filos Mine · silverTonnes: 35327000Grade: 6.4Grade Unit: g/tContained Metal: 7315Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:d174be07a352e833ee1b
- Deposit or zone
- Los Filos Open Pit
Resource Data
- Category
- measured
- Tonnes
- 35327000
- Grade
- 6.4
- Grade Unit
- g/t
- Contained Metal
- 7315
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Measured open pit silver resource, providing byproduct value.
Positive factors
- High confidence measured resource
Negative factors
- Stale data (2022 effective date)
Evidence · table
“6.4”
Context: 35,327
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
indicatedLos Filos Mine · goldTonnes: 90544000Grade: 0.79Grade Unit: g/tContained Metal: 2290Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:05206e6811c47e631a6e
- Deposit or zone
- Los Filos Open Pit
Resource Data
- Category
- indicated
- Tonnes
- 90544000
- Grade
- 0.79
- Grade Unit
- g/t
- Contained Metal
- 2290
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Large indicated open pit gold resource, forming a substantial part of the overall resource base.
Positive factors
- Large indicated open pit gold resource
- Significant contained metal
Negative factors
- Stale data (2022 effective date)
Evidence · table
“0.79”
Context: 90,544
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
indicatedLos Filos Mine · silverTonnes: 90544000Grade: 6.5Grade Unit: g/tContained Metal: 18857Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:05206e6811c47e631a6e
- Deposit or zone
- Los Filos Open Pit
Resource Data
- Category
- indicated
- Tonnes
- 90544000
- Grade
- 6.5
- Grade Unit
- g/t
- Contained Metal
- 18857
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Large indicated open pit silver resource, providing significant byproduct value.
Positive factors
- Large indicated open pit silver resource
Negative factors
- Stale data (2022 effective date)
Evidence · table
“6.5”
Context: 90,544
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
inferredLos Filos Mine · goldTonnes: 87552000Grade: 0.68Grade Unit: g/tContained Metal: 1914Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:07565acb7495b4d49178
- Deposit or zone
- Los Filos Open Pit
Resource Data
- Category
- inferred
- Tonnes
- 87552000
- Grade
- 0.68
- Grade Unit
- g/t
- Contained Metal
- 1914
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Large inferred open pit gold resource, indicating significant exploration potential.
Positive factors
- Large inferred open pit gold resource
Negative factors
- Lower confidence inferred category
- Stale data (2022 effective date)
Evidence · table
“0.68”
Context: 87,552
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
inferredLos Filos Mine · silverTonnes: 87552000Grade: 7.7Grade Unit: g/tContained Metal: 21657Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:07565acb7495b4d49178
- Deposit or zone
- Los Filos Open Pit
Resource Data
- Category
- inferred
- Tonnes
- 87552000
- Grade
- 7.7
- Grade Unit
- g/t
- Contained Metal
- 21657
- Contained Unit
- koz
- Cutoff Grade
- 0.2
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Large inferred open pit silver resource, indicating exploration potential.
Positive factors
- Large inferred open pit silver resource
Negative factors
- Lower confidence inferred category
- Stale data (2022 effective date)
Evidence · table
“7.7”
Context: 87,552
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
measuredLos Filos Mine · goldTonnes: 2081000Grade: 4.13Grade Unit: g/tContained Metal: 276Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:06cf1f1100b0552fa75c
- Deposit or zone
- Los Filos Underground
Resource Data
- Category
- measured
- Tonnes
- 2081000
- Grade
- 4.13
- Grade Unit
- g/t
- Contained Metal
- 276
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Measured underground gold resource with high grade, contributing to the overall resource base.
Positive factors
- High confidence measured resource
- High gold grade for underground
Negative factors
- Stale data (2022 effective date)
- Variable cutoff grade
Evidence · table
“4.13”
Context: 2,081
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
measuredLos Filos Mine · silverTonnes: 2081000Grade: 22.8Grade Unit: g/tContained Metal: 1527Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:06cf1f1100b0552fa75c
- Deposit or zone
- Los Filos Underground
Resource Data
- Category
- measured
- Tonnes
- 2081000
- Grade
- 22.8
- Grade Unit
- g/t
- Contained Metal
- 1527
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Measured underground silver resource, providing byproduct value.
Positive factors
- High confidence measured resource
Negative factors
- Stale data (2022 effective date)
- Variable cutoff grade
Evidence · table
“22.8”
Context: 2,081
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
indicatedLos Filos Mine · goldTonnes: 2326000Grade: 3.09Grade Unit: g/tContained Metal: 231Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:220fdb7e106a6665f5f7
- Deposit or zone
- Los Filos Underground
Resource Data
- Category
- indicated
- Tonnes
- 2326000
- Grade
- 3.09
- Grade Unit
- g/t
- Contained Metal
- 231
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Indicated underground gold resource with good grade, contributing to the overall resource base.
Positive factors
- Indicated underground gold resource
- Good gold grade for underground
Negative factors
- Stale data (2022 effective date)
- Variable cutoff grade
Evidence · table
“3.09”
Context: 2,326
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
indicatedLos Filos Mine · silverTonnes: 2326000Grade: 25.7Grade Unit: g/tContained Metal: 1920Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:220fdb7e106a6665f5f7
- Deposit or zone
- Los Filos Underground
Resource Data
- Category
- indicated
- Tonnes
- 2326000
- Grade
- 25.7
- Grade Unit
- g/t
- Contained Metal
- 1920
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Indicated underground silver resource, providing byproduct value.
Positive factors
- Indicated underground silver resource
Negative factors
- Stale data (2022 effective date)
- Variable cutoff grade
Evidence · table
“25.7”
Context: 2,326
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
inferredLos Filos Mine · goldTonnes: 2590000Grade: 3.67Grade Unit: g/tContained Metal: 306Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- gold
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:224b912739b4ea7d722d
- Deposit or zone
- Los Filos Underground
Resource Data
- Category
- inferred
- Tonnes
- 2590000
- Grade
- 3.67
- Grade Unit
- g/t
- Contained Metal
- 306
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Inferred underground gold resource with high grade, indicating exploration potential.
Positive factors
- Inferred underground gold resource
- High gold grade for underground
Negative factors
- Lower confidence inferred category
- Stale data (2022 effective date)
- Variable cutoff grade
Evidence · table
“3.67”
Context: 2,590
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
inferredLos Filos Mine · silverTonnes: 2590000Grade: 27.5Grade Unit: g/tContained Metal: 2287Contained Unit: kozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Los Filos Mine
- Commodity
- silver
- Region
- mexico
- Reported Region
- Mexico
- Ticker
- EQX
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Matthew MacPhail, Eugene Tucker, Paul Salmenmaki, Ali Shahkar
- Resource group id
- resource:224b912739b4ea7d722d
- Deposit or zone
- Los Filos Underground
Resource Data
- Category
- inferred
- Tonnes
- 2590000
- Grade
- 27.5
- Grade Unit
- g/t
- Contained Metal
- 2287
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2022-06-30
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2022-06-30T00:00:00.000Z
Dates
- Event date
- 2026-06-25T00:00:00.000Z
Reasoning: Inferred underground silver resource, providing byproduct value.
Positive factors
- Inferred underground silver resource
Negative factors
- Lower confidence inferred category
- Stale data (2022 effective date)
- Variable cutoff grade
Evidence · table
“27.5”
Context: 2,590
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
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 4.0 years before this release
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.