# GoldMining Announces Updated PEA Highlighting $1.0 Billion After-Tax NPV and 32% IRR at La Mina Project, Colombia Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395 Original source: https://money.tmx.com/en/quote/GOLD/news/7195283120568243/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i Publisher: tmx Original announcement: 2026-04-28T10:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: GoldMining Inc. - Ticker: GOLD - Exchange: TSX - Region: Antioquia, Colombia - Primary commodity: Gold - Secondary commodities: Copper, Silver - Document categories: Resource update, Metallurgy, Other - Extracted: 2026-09-16 02:57:45 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary GoldMining Inc. announced an updated Preliminary Economic Assessment \(PEA\) for its La Mina Project in Colombia, highlighting robust economics with a $1.0 billion after-tax NPV \(5%\) and a 32.2% after-tax IRR at base case metal prices. The PEA outlines an 11.2-year open-pit operation with average annual production of 152.4 koz gold equivalent over the first five years. The study incorporates updated costs and metal prices, resulting in a 265% increase in after-tax NPV compared to the prior PEA, while utilizing the existing Mineral Resource Estimate from December 2022. Reasoning: The updated Preliminary Economic Assessment for the La Mina Project demonstrates significantly improved project economics due to updated metal prices and costs, confirming its potential as a robust and capital-efficient development opportunity, despite relying on an older resource estimate. - Positive factor: Significantly enhanced project value with a 265% increase in after-tax NPV from prior PEA. - Positive factor: Strong base case economics: $1.0 billion after-tax NPV and 32.2% after-tax IRR. - Positive factor: High capital efficiency with initial CAPEX of $523 million and an attractive 0.5x initial capital to NPV ratio. - Positive factor: Strong production profile with average annual production of 152.4 koz AuEq over the first five years. - Positive factor: Resilient cost profile with AISC of $1,045/oz Au. - Positive factor: Conventional open-pit operation with proven processing flowsheet achieving high gold recoveries. - Negative factor: The PEA is preliminary in nature and includes Inferred Mineral Resources, which are speculative. - Negative factor: The Mineral Resource Estimate used for the PEA has an effective date of December 20, 2022, and no new drilling has been completed since then. - Negative factor: Silver metallurgical recovery is relatively low at 64%. Facts used in scoring: 27 ## Classification and evidence **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: The resource estimate is explicitly stated as supporting the Preliminary Economic Assessment. Evidence · text > No additional drilling has been completed at La Mina in support of this updated PEA, therefore the current MRE with effective date December 20 th , 2022, remains current in support of the PEA. **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The resource estimate was prepared by Scott Wilson, C.P.G, SME, who is a Qualified Person. Evidence · text > The qualified person for the above estimate is Scott Wilson, C.P.G, SME. **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The resource estimate and PEA disclosure are prepared in accordance with NI 43-101. Evidence · text > Disclosure regarding the Project, including the PEA and Mineral Resource estimates included herein, has been prepared by the Company in accordance with NI 43-101. **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The cut-off grade of 0.30 g/t Au for the resource estimate is clearly stated. Evidence · text > Cut-Off Grade: 0.30 g/t Au. **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: The effective date of the Mineral Resource Estimate is December 20, 2022, which is over three years old compared to the announcement date of April 28, 2026. Evidence · table > December 20, 2022 Context: TABLE 4: Pit Constrained Mineral Resource Estimate \(Effective Date: December 20, 2022\) **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The resource estimate includes a significant portion classified as Indicated Mineral Resource. Evidence · table > Total Indicated Context: 33,772 **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: The resource estimate includes a significant portion classified as Inferred Mineral Resource, which is considered speculative. Evidence · table > Total Inferred Context: 56,231 **High Recovery** Polarity: positive Definition: Recovery at or above the exceptional band for the commodity and processing route. Why it applies: Gold recovery of 91% is strong for a mill/CIL processing route. Evidence · table > 91 Context: Average gold metallurgical recovery **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: Silver recovery of 64% is below the weak band for flotation, indicating potential processing challenges. Evidence · table > 64 Context: Average silver metallurgical recovery **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: The PEA contemplates a processing flowsheet utilizing standard froth flotation and leach circuits. Evidence · text > A proven processing flowsheet utilizing standard froth flotation and leach circuits achieves high metallurgical recoveries of 91% Au, 80% Cu, and 64% Ag. ## Extracted facts Stored fact records: 27. Some facts used in scoring do not have a stored record. ## Resource Estimates (24) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-0) La Mina · gold #### Identity - Project: La Mina - Commodity: gold - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:dc78c9d7a1ab57daeba3 - Deposit or zone: La Cantera - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 17614000 - Grade: 0.86 - Grade Unit: g/t - Contained Metal: 487 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Indicated gold resource at La Cantera provides a solid foundation for the PEA, though the data is not new. - Positive factor: Indicated category provides reasonable geological confidence. - Positive factor: Good gold grade for a porphyry deposit. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 0.86 Context: 17,614 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-1) La Mina · silver #### Identity - Project: La Mina - Commodity: silver - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:dc78c9d7a1ab57daeba3 - Deposit or zone: La Cantera - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 17614000 - Grade: 2.03 - Grade Unit: g/t - Contained Metal: 1150 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Indicated silver resource at La Cantera contributes to the overall project value, but the data is not new. - Positive factor: Indicated category provides reasonable geological confidence. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 2.03 Context: 17,614 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-2) La Mina · copper #### Identity - Project: La Mina - Commodity: copper - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:dc78c9d7a1ab57daeba3 - Deposit or zone: La Cantera - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 17614000 - Grade: 0.31 - Grade Unit: % - Contained Metal: 120 - Contained Unit: mlbs - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Indicated copper resource at La Cantera is a significant contributor to the project's polymetallic nature, though the data is not new. - Positive factor: Indicated category provides reasonable geological confidence. - Positive factor: Good copper grade for a porphyry deposit. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 0.31 Context: 17,614 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-3) La Mina · gold\_equivalent #### Identity - Project: La Mina - Commodity: gold\_equivalent - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:dc78c9d7a1ab57daeba3 - Deposit or zone: La Cantera - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 17614000 - Grade: 1.32 - Grade Unit: g/t - Contained Metal: 753 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Metal Eq. Grade: 1.32 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Indicated gold equivalent resource at La Cantera highlights the overall value of the polymetallic mineralization, though the data is not new. - Positive factor: Indicated category provides reasonable geological confidence. - Positive factor: Strong gold equivalent grade for a porphyry deposit. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 1.32 Context: 17,614 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-4) La Mina · gold #### Identity - Project: La Mina - Commodity: gold - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:93a5cda36eef9e5edc2e - Deposit or zone: La Garrucha - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 7358000 - Grade: 0.65 - Grade Unit: g/t - Contained Metal: 154 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Indicated gold resource at La Garrucha contributes to the overall project, but the data is not new. - Positive factor: Indicated category provides reasonable geological confidence. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 0.65 Context: 7,358 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-5) La Mina · silver #### Identity - Project: La Mina - Commodity: silver - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:93a5cda36eef9e5edc2e - Deposit or zone: La Garrucha - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 7358000 - Grade: 3.14 - Grade Unit: g/t - Contained Metal: 743 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Indicated silver resource at La Garrucha contributes to the overall project, but the data is not new. - Positive factor: Indicated category provides reasonable geological confidence. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 3.14 Context: 7,358 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-6) La Mina · copper #### Identity - Project: La Mina - Commodity: copper - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:93a5cda36eef9e5edc2e - Deposit or zone: La Garrucha - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 7358000 - Grade: 0.11 - Grade Unit: % - Contained Metal: 18 - Contained Unit: mlbs - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Indicated copper resource at La Garrucha is lower grade but still contributes to the polymetallic nature, though the data is not new. - Positive factor: Indicated category provides reasonable geological confidence. - Negative factor: Lower copper grade compared to other zones. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 0.11 Context: 7,358 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-7) La Mina · gold\_equivalent #### Identity - Project: La Mina - Commodity: gold\_equivalent - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:93a5cda36eef9e5edc2e - Deposit or zone: La Garrucha - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 7358000 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 201 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Metal Eq. Grade: 0.84 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Indicated gold equivalent resource at La Garrucha contributes to the overall project value, though the data is not new. - Positive factor: Indicated category provides reasonable geological confidence. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 0.84 Context: 7,358 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-8) La Mina · gold #### Identity - Project: La Mina - Commodity: gold - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:e78e45c8d2e6ca9b294e - Deposit or zone: Middle Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 8800000 - Grade: 0.54 - Grade Unit: g/t - Contained Metal: 153 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Indicated gold resource at Middle Zone contributes to the overall project, but the data is not new. - Positive factor: Indicated category provides reasonable geological confidence. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 0.54 Context: 8,800 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-9) La Mina · silver #### Identity - Project: La Mina - Commodity: silver - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:e78e45c8d2e6ca9b294e - Deposit or zone: Middle Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 8800000 - Grade: 1.28 - Grade Unit: g/t - Contained Metal: 362 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Indicated silver resource at Middle Zone contributes to the overall project, but the data is not new. - Positive factor: Indicated category provides reasonable geological confidence. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 1.28 Context: 8,800 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-10) La Mina · copper #### Identity - Project: La Mina - Commodity: copper - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:e78e45c8d2e6ca9b294e - Deposit or zone: Middle Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 8800000 - Grade: 0.11 - Grade Unit: % - Contained Metal: 21 - Contained Unit: mlbs - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Indicated copper resource at Middle Zone is lower grade but still contributes to the polymetallic nature, though the data is not new. - Positive factor: Indicated category provides reasonable geological confidence. - Negative factor: Lower copper grade compared to other zones. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 0.11 Context: 8,800 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-11) La Mina · gold\_equivalent #### Identity - Project: La Mina - Commodity: gold\_equivalent - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:e78e45c8d2e6ca9b294e - Deposit or zone: Middle Zone - Mining method: open\_pit #### Resource Data - Category: indicated - Tonnes: 8800000 - Grade: 0.71 - Grade Unit: g/t - Contained Metal: 201 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Metal Eq. Grade: 0.71 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Indicated gold equivalent resource at Middle Zone contributes to the overall project value, though the data is not new. - Positive factor: Indicated category provides reasonable geological confidence. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 0.71 Context: 8,800 #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-12) La Mina · gold #### Identity - Project: La Mina - Commodity: gold - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:2262fa80963735ae3b36 - Deposit or zone: La Cantera - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 11175000 - Grade: 0.71 - Grade Unit: g/t - Contained Metal: 255 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Inferred gold resource at La Cantera provides exploration upside but carries higher geological uncertainty, and the data is not new. - Negative factor: Inferred category has high geological uncertainty. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 0.71 Context: 11,175 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-13) La Mina · silver #### Identity - Project: La Mina - Commodity: silver - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:2262fa80963735ae3b36 - Deposit or zone: La Cantera - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 11175000 - Grade: 1.85 - Grade Unit: g/t - Contained Metal: 665 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Inferred silver resource at La Cantera provides exploration upside but carries higher geological uncertainty, and the data is not new. - Negative factor: Inferred category has high geological uncertainty. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 1.85 Context: 11,175 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-14) La Mina · copper #### Identity - Project: La Mina - Commodity: copper - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:2262fa80963735ae3b36 - Deposit or zone: La Cantera - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 11175000 - Grade: 0.3 - Grade Unit: % - Contained Metal: 73 - Contained Unit: mlbs - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Inferred copper resource at La Cantera provides exploration upside but carries higher geological uncertainty, and the data is not new. - Negative factor: Inferred category has high geological uncertainty. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 0.30 Context: 11,175 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-15) La Mina · gold\_equivalent #### Identity - Project: La Mina - Commodity: gold\_equivalent - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:2262fa80963735ae3b36 - Deposit or zone: La Cantera - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 11175000 - Grade: 1.15 - Grade Unit: g/t - Contained Metal: 413 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Metal Eq. Grade: 1.15 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Inferred gold equivalent resource at La Cantera provides exploration upside but carries higher geological uncertainty, and the data is not new. - Negative factor: Inferred category has high geological uncertainty. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 1.15 Context: 11,175 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-16) La Mina · gold #### Identity - Project: La Mina - Commodity: gold - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:f4fdef53f76d4c3dba6e - Deposit or zone: La Garrucha - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 44107000 - Grade: 0.55 - Grade Unit: g/t - Contained Metal: 780 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Inferred gold resource at La Garrucha provides exploration upside but carries higher geological uncertainty, and the data is not new. - Negative factor: Inferred category has high geological uncertainty. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 0.55 Context: 44,107 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-17) La Mina · silver #### Identity - Project: La Mina - Commodity: silver - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:f4fdef53f76d4c3dba6e - Deposit or zone: La Garrucha - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 44107000 - Grade: 2.46 - Grade Unit: g/t - Contained Metal: 3488 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Inferred silver resource at La Garrucha provides exploration upside but carries higher geological uncertainty, and the data is not new. - Negative factor: Inferred category has high geological uncertainty. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 2.46 Context: 44,107 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-18) La Mina · copper #### Identity - Project: La Mina - Commodity: copper - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:f4fdef53f76d4c3dba6e - Deposit or zone: La Garrucha - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 44107000 - Grade: 0.1 - Grade Unit: % - Contained Metal: 97 - Contained Unit: mlbs - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Inferred copper resource at La Garrucha provides exploration upside but carries higher geological uncertainty and lower grade, and the data is not new. - Negative factor: Inferred category has high geological uncertainty. - Negative factor: Lower copper grade compared to other zones. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 0.10 Context: 44,107 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-19) La Mina · gold\_equivalent #### Identity - Project: La Mina - Commodity: gold\_equivalent - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:f4fdef53f76d4c3dba6e - Deposit or zone: La Garrucha - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 44107000 - Grade: 0.72 - Grade Unit: g/t - Contained Metal: 1020 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Metal Eq. Grade: 0.72 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Inferred gold equivalent resource at La Garrucha provides exploration upside but carries higher geological uncertainty, and the data is not new. - Negative factor: Inferred category has high geological uncertainty. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 0.72 Context: 44,107 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-20) La Mina · gold #### Identity - Project: La Mina - Commodity: gold - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:7937b0e822f5a746e96f - Deposit or zone: Middle Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 949000 - Grade: 0.47 - Grade Unit: g/t - Contained Metal: 14 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Inferred gold resource at Middle Zone is small and carries high geological uncertainty, and the data is not new. - Negative factor: Inferred category has high geological uncertainty. - Negative factor: Small tonnage for this zone. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 0.47 Context: 949 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-21) La Mina · silver #### Identity - Project: La Mina - Commodity: silver - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:7937b0e822f5a746e96f - Deposit or zone: Middle Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 949000 - Grade: 1.15 - Grade Unit: g/t - Contained Metal: 35 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Inferred silver resource at Middle Zone is small and carries high geological uncertainty, and the data is not new. - Negative factor: Inferred category has high geological uncertainty. - Negative factor: Small tonnage for this zone. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 1.15 Context: 949 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-22) La Mina · copper #### Identity - Project: La Mina - Commodity: copper - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:7937b0e822f5a746e96f - Deposit or zone: Middle Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 949000 - Grade: 0.09 - Grade Unit: % - Contained Metal: 2 - Contained Unit: mlbs - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Inferred copper resource at Middle Zone is small, low grade, and carries high geological uncertainty, and the data is not new. - Negative factor: Inferred category has high geological uncertainty. - Negative factor: Small tonnage for this zone. - Negative factor: Lower copper grade compared to other zones. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 0.09 Context: 949 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-resource-facts-23) La Mina · gold\_equivalent #### Identity - Project: La Mina - Commodity: gold\_equivalent - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Resource scope - Estimate type: resource - Effective date: 2022-12-20T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Scott Wilson, C.P.G, SME - Resource group id: resource:7937b0e822f5a746e96f - Deposit or zone: Middle Zone - Mining method: open\_pit #### Resource Data - Category: inferred - Tonnes: 949000 - Grade: 0.61 - Grade Unit: g/t - Contained Metal: 19 - Contained Unit: koz - Cutoff Grade: 0.3 - Cutoff Unit: g/t Au #### Prior Estimate - Resource Date: 2022-12-20 #### Metal Equivalent - Metal Eq. Grade: 0.61 - Metal Eq. Unit: g/t AuEq - Assumptions Disclosed: Yes #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Inferred gold equivalent resource at Middle Zone is small and carries high geological uncertainty, and the data is not new. - Negative factor: Inferred category has high geological uncertainty. - Negative factor: Small tonnage for this zone. - Negative factor: Resource estimate is over three years old, reducing novelty. Evidence · table > 0.61 Context: 949 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 3.4 years before this release ## Metallurgical Results (3) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-metallurgical-facts-24) La Mina · gold #### Identity - Project: La Mina - Commodity: gold - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Test Work - Program Status: detailed - Processing Route: standard froth flotation and leach circuits #### Recovery - Recovery: 91 % - Recovery Basis: actual\_test - Head Grade: 0.72 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Excellent gold recovery is a key positive factor for the project's economics, indicating efficient processing. - Positive factor: High gold recovery \(91%\) for a mill/CIL route, exceeding strong thresholds. Evidence · table > 91 Context: 0.72 #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: the release describes a byproduct credit ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-metallurgical-facts-25) La Mina · copper #### Identity - Project: La Mina - Commodity: copper - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Test Work - Program Status: detailed - Processing Route: standard froth flotation and leach circuits #### Recovery - Recovery: 80 % - Recovery Basis: actual\_test - Head Grade: 0.19 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Copper recovery is acceptable but not strong, suggesting potential for optimization or a trade-off with other metals. - Negative factor: Copper recovery \(80%\) is at the lower end of the weak band for flotation. Evidence · table > 80 Context: 0.19 #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: the release describes a byproduct credit ### Fact 3 [Link to this fact](https://atlas-extractions.minestarters.com/news/goldmining-announces-updated-pea-highlighting-1-0-billion-after-tax-npv-and-32-i--48c2e0c0-6575-47b7-8a1b-d421e27a0395#fact-metallurgical-facts-26) La Mina · silver #### Identity - Project: La Mina - Commodity: silver - Region: colombia - Reported Region: Antioquia, Colombia - Ticker: GOLD #### Test Work - Program Status: detailed - Processing Route: standard froth flotation and leach circuits #### Recovery - Recovery: 64 % - Recovery Basis: actual\_test - Head Grade: 2.36 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-28T00:00:00.000Z Reasoning: Low silver recovery is a negative factor that could impact overall project economics and may require further metallurgical optimization. - Negative factor: Silver recovery \(64%\) is below the weak band for flotation, indicating potential processing challenges or losses. Evidence · table > 64 Context: 2.36 #### Tags used in scoring **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: processing\_route matches the flotation signal **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 64% is below the weak band \(75%\) **Byproduct Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: the release describes a byproduct credit ## 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.