Hudbay Provides Annual Reserve and Resource Update with Mine Life Extensions and Improved Three-Year Production Outlook
Original announcement by tmx on
- Company
- Hudbay Minerals Inc.
- Ticker
- HBM
- Exchange
- TSX
- Region
- Unavailable
- Primary commodity
- Copper
- Secondary commodities
- Gold, Silver, Zinc, Molybdenum
- Document categories
- Resource update, Production, Drill results
- Extracted
- 2026-09-18 02:57:02 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Hudbay Minerals Inc. has released its annual mineral reserve and resource update, alongside new three-year production guidance. The company projects a 24% increase in consolidated copper production over the next three years, averaging 147,000 tonnes per year, and strong gold production averaging 243,000 ounces per year. Mine lives have been extended at Constancia, Snow Lake, and Copper Mountain, and the Copper World project is advancing with a completed joint venture and a definitive feasibility study on track for mid-2026.
Reasoning: The document reports positive updates across multiple projects, including mine life extensions, increased copper production guidance, and progress on key development projects. While gold production is slightly down due to a high-grade deposit depletion, the overall outlook is strong with significant growth in copper and continued strong gold exposure.
Positive factors
- Mine life extensions at Constancia, Snow Lake, and Copper Mountain
- Increased consolidated copper production outlook for the next three years
- Strong gold production outlook
- Significant progress on Copper World project with JV transaction and DFS on track
- Resource to reserve conversions and re-evaluation gains at Snow Lake
- Talbot drill results confirm resource expansion potential
Negative factors
- Gold production decrease from 2025 levels due to Pampacancha depletion
- Inferred resources still form a significant portion of some projects
Facts used in scoring: 149
Classification and evidence
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: A current resource fact retains the disclosed cut-off grade
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The source explicitly discloses a revised resource estimate
Evidence · text
“revised resource”
Extracted facts
Stored fact records: 149. Some facts used in scoring do not have a stored record.
Resource Estimates (149)
provenConstancia Operations · copperTonnes: 458800000Grade: 0.243Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:31f4db838b32d03cae84
- Deposit or zone
- Constancia
Resource Data
- Category
- proven
- Tonnes
- 458800000
- Grade
- 0.243
- Grade Unit
- %
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven copper reserve for Constancia, contributing to the overall mine life extension.
Evidence · table
“0.243”
Context: 458,800,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenConstancia Operations · molybdenumTonnes: 458800000Grade: 75Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:31f4db838b32d03cae84
- Deposit or zone
- Constancia
Resource Data
- Category
- proven
- Tonnes
- 458800000
- Grade
- 75
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven molybdenum reserve for Constancia, contributing as a byproduct.
Evidence · table
“75”
Context: 458,800,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenConstancia Operations · goldTonnes: 458800000Grade: 0.036Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:31f4db838b32d03cae84
- Deposit or zone
- Constancia
Resource Data
- Category
- proven
- Tonnes
- 458800000
- Grade
- 0.036
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven gold reserve for Constancia, contributing as a byproduct.
Evidence · table
“0.036”
Context: 458,800,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenConstancia Operations · silverTonnes: 458800000Grade: 2.39Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:31f4db838b32d03cae84
- Deposit or zone
- Constancia
Resource Data
- Category
- proven
- Tonnes
- 458800000
- Grade
- 2.39
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven silver reserve for Constancia, contributing as a byproduct.
Evidence · table
“2.39”
Context: 458,800,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableConstancia Operations · copperTonnes: 28300000Grade: 0.193Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:067068f8c4832f137ae8
- Deposit or zone
- Constancia
Resource Data
- Category
- probable
- Tonnes
- 28300000
- Grade
- 0.193
- Grade Unit
- %
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable copper reserve for Constancia, contributing to the overall mine life extension.
Evidence · table
“0.193”
Context: 28,300,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableConstancia Operations · molybdenumTonnes: 28300000Grade: 68Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:067068f8c4832f137ae8
- Deposit or zone
- Constancia
Resource Data
- Category
- probable
- Tonnes
- 28300000
- Grade
- 68
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable molybdenum reserve for Constancia, contributing as a byproduct.
Evidence · table
“68”
Context: 28,300,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableConstancia Operations · goldTonnes: 28300000Grade: 0.034Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:067068f8c4832f137ae8
- Deposit or zone
- Constancia
Resource Data
- Category
- probable
- Tonnes
- 28300000
- Grade
- 0.034
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable gold reserve for Constancia, contributing as a byproduct.
Evidence · table
“0.034”
Context: 28,300,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableConstancia Operations · silverTonnes: 28300000Grade: 1.98Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:067068f8c4832f137ae8
- Deposit or zone
- Constancia
Resource Data
- Category
- probable
- Tonnes
- 28300000
- Grade
- 1.98
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable silver reserve for Constancia, contributing as a byproduct.
Evidence · table
“1.98”
Context: 28,300,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableConstancia Operations · copperTonnes: 487100000Grade: 0.24Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:62a0103558396f5d3b42
- Deposit or zone
- Constancia
Resource Data
- Category
- probable
- Tonnes
- 487100000
- Grade
- 0.24
- Grade Unit
- %
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable copper reserve for Constancia.
Evidence · table
“0.240”
Context: 487,100,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableConstancia Operations · molybdenumTonnes: 487100000Grade: 74Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:62a0103558396f5d3b42
- Deposit or zone
- Constancia
Resource Data
- Category
- probable
- Tonnes
- 487100000
- Grade
- 74
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable molybdenum reserve for Constancia.
Evidence · table
“74”
Context: 487,100,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableConstancia Operations · goldTonnes: 487100000Grade: 0.036Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:62a0103558396f5d3b42
- Deposit or zone
- Constancia
Resource Data
- Category
- probable
- Tonnes
- 487100000
- Grade
- 0.036
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable gold reserve for Constancia.
Evidence · table
“0.036”
Context: 487,100,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableConstancia Operations · silverTonnes: 487100000Grade: 2.37Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:62a0103558396f5d3b42
- Deposit or zone
- Constancia
Resource Data
- Category
- probable
- Tonnes
- 487100000
- Grade
- 2.37
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable silver reserve for Constancia.
Evidence · table
“2.37”
Context: 487,100,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenConstancia Operations · copperTonnes: 900000Grade: 0.216Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:a68c6b3e8b853ea0df83
- Deposit or zone
- Pampacancha
Resource Data
- Category
- proven
- Tonnes
- 900000
- Grade
- 0.216
- Grade Unit
- %
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven copper reserve for Pampacancha, a satellite deposit.
Evidence · table
“0.216”
Context: 900,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenConstancia Operations · molybdenumTonnes: 900000Grade: 128Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:a68c6b3e8b853ea0df83
- Deposit or zone
- Pampacancha
Resource Data
- Category
- proven
- Tonnes
- 900000
- Grade
- 128
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven molybdenum reserve for Pampacancha, a satellite deposit.
Evidence · table
“128”
Context: 900,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenConstancia Operations · goldTonnes: 900000Grade: 0.307Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:a68c6b3e8b853ea0df83
- Deposit or zone
- Pampacancha
Resource Data
- Category
- proven
- Tonnes
- 900000
- Grade
- 0.307
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven gold reserve for Pampacancha, a satellite deposit.
Evidence · table
“0.307”
Context: 900,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenConstancia Operations · silverTonnes: 900000Grade: 3.57Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:a68c6b3e8b853ea0df83
- Deposit or zone
- Pampacancha
Resource Data
- Category
- proven
- Tonnes
- 900000
- Grade
- 3.57
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven silver reserve for Pampacancha, a satellite deposit.
Evidence · table
“3.57”
Context: 900,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableConstancia Operations · copperTonnes: 900000Grade: 0.216Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:07f287e30412ad01965b
- Deposit or zone
- Pampacancha
Resource Data
- Category
- probable
- Tonnes
- 900000
- Grade
- 0.216
- Grade Unit
- %
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable copper reserve for Pampacancha.
Evidence · table
“0. 216”
Context: 900,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableConstancia Operations · molybdenumTonnes: 900000Grade: 128Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:07f287e30412ad01965b
- Deposit or zone
- Pampacancha
Resource Data
- Category
- probable
- Tonnes
- 900000
- Grade
- 128
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable molybdenum reserve for Pampacancha.
Evidence · table
“1 28”
Context: 900,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableConstancia Operations · goldTonnes: 900000Grade: 0.307Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:07f287e30412ad01965b
- Deposit or zone
- Pampacancha
Resource Data
- Category
- probable
- Tonnes
- 900000
- Grade
- 0.307
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable gold reserve for Pampacancha.
Evidence · table
“0. 307”
Context: 900,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableConstancia Operations · silverTonnes: 900000Grade: 3.57Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:07f287e30412ad01965b
- Deposit or zone
- Pampacancha
Resource Data
- Category
- probable
- Tonnes
- 900000
- Grade
- 3.57
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable silver reserve for Pampacancha.
Evidence · table
“3.57”
Context: 900,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableConstancia Operations · copperTonnes: 488000000Grade: 0.24Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:5d2862e0748d0bbbb7c7
Resource Data
- Category
- probable
- Tonnes
- 488000000
- Grade
- 0.24
- Grade Unit
- %
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable copper reserve for Constancia Operations.
Evidence · table
“0.24 0”
Context: 488 ,000,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableConstancia Operations · molybdenumTonnes: 488000000Grade: 74Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:5d2862e0748d0bbbb7c7
Resource Data
- Category
- probable
- Tonnes
- 488000000
- Grade
- 74
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable molybdenum reserve for Constancia Operations.
Evidence · table
“74”
Context: 488 ,000,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableConstancia Operations · goldTonnes: 488000000Grade: 0.036Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:5d2862e0748d0bbbb7c7
Resource Data
- Category
- probable
- Tonnes
- 488000000
- Grade
- 0.036
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable gold reserve for Constancia Operations.
Evidence · table
“0.0 36”
Context: 488 ,000,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableConstancia Operations · silverTonnes: 488000000Grade: 2.37Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:5d2862e0748d0bbbb7c7
Resource Data
- Category
- probable
- Tonnes
- 488000000
- Grade
- 2.37
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable silver reserve for Constancia Operations.
Evidence · table
“2. 37”
Context: 488 ,000,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredConstancia Operations · copperTonnes: 106300000Grade: 0.232Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:8da3ab29e82c8f0b94ae
- Deposit or zone
- Constancia
Resource Data
- Category
- measured
- Tonnes
- 106300000
- Grade
- 0.232
- Grade Unit
- %
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Measured copper resource for Constancia.
Evidence · table
“0.232”
Context: 106,300,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredConstancia Operations · molybdenumTonnes: 106300000Grade: 74Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:8da3ab29e82c8f0b94ae
- Deposit or zone
- Constancia
Resource Data
- Category
- measured
- Tonnes
- 106300000
- Grade
- 74
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Measured molybdenum resource for Constancia.
Evidence · table
“74”
Context: 106,300,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredConstancia Operations · goldTonnes: 106300000Grade: 0.036Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:8da3ab29e82c8f0b94ae
- Deposit or zone
- Constancia
Resource Data
- Category
- measured
- Tonnes
- 106300000
- Grade
- 0.036
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Measured gold resource for Constancia.
Evidence · table
“0.036”
Context: 106,300,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredConstancia Operations · silverTonnes: 106300000Grade: 2.36Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:8da3ab29e82c8f0b94ae
- Deposit or zone
- Constancia
Resource Data
- Category
- measured
- Tonnes
- 106300000
- Grade
- 2.36
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Measured silver resource for Constancia.
Evidence · table
“2.36”
Context: 106,300,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedConstancia Operations · copperTonnes: 70400000Grade: 0.222Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:ba948d6691f3fac3d045
- Deposit or zone
- Constancia
Resource Data
- Category
- indicated
- Tonnes
- 70400000
- Grade
- 0.222
- Grade Unit
- %
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated copper resource for Constancia.
Evidence · table
“0.222”
Context: 70,400,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedConstancia Operations · molybdenumTonnes: 70400000Grade: 87Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:ba948d6691f3fac3d045
- Deposit or zone
- Constancia
Resource Data
- Category
- indicated
- Tonnes
- 70400000
- Grade
- 87
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated molybdenum resource for Constancia.
Evidence · table
“87”
Context: 70,400,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedConstancia Operations · goldTonnes: 70400000Grade: 0.032Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:ba948d6691f3fac3d045
- Deposit or zone
- Constancia
Resource Data
- Category
- indicated
- Tonnes
- 70400000
- Grade
- 0.032
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated gold resource for Constancia.
Evidence · table
“0.032”
Context: 70,400,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedConstancia Operations · silverTonnes: 70400000Grade: 2Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:ba948d6691f3fac3d045
- Deposit or zone
- Constancia
Resource Data
- Category
- indicated
- Tonnes
- 70400000
- Grade
- 2
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated silver resource for Constancia.
Evidence · table
“2.00”
Context: 70,400,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredConstancia Operations · copperTonnes: 27700000Grade: 0.271Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:604c44e2f44410f86127
- Deposit or zone
- Constancia
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 27700000
- Grade
- 0.271
- Grade Unit
- %
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred open pit copper resource for Constancia.
Negative factors
- Inferred Resource
Evidence · table
“0.271”
Context: 27,700,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredConstancia Operations · molybdenumTonnes: 27700000Grade: 71Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:604c44e2f44410f86127
- Deposit or zone
- Constancia
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 27700000
- Grade
- 71
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred open pit molybdenum resource for Constancia.
Negative factors
- Inferred Resource
Evidence · table
“71”
Context: 27,700,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredConstancia Operations · goldTonnes: 27700000Grade: 0.049Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:604c44e2f44410f86127
- Deposit or zone
- Constancia
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 27700000
- Grade
- 0.049
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred open pit gold resource for Constancia.
Negative factors
- Inferred Resource
Evidence · table
“0.049”
Context: 27,700,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredConstancia Operations · silverTonnes: 27700000Grade: 2.54Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:604c44e2f44410f86127
- Deposit or zone
- Constancia
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 27700000
- Grade
- 2.54
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred open pit silver resource for Constancia.
Negative factors
- Inferred Resource
Evidence · table
“2.54”
Context: 27,700,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredConstancia Operations · copperTonnes: 6500000Grade: 1.2Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:062271c896779adb15e1
- Deposit or zone
- Constancia Norte
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 6500000
- Grade
- 1.2
- Grade Unit
- %
- Cutoff Grade
- 0.65
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred underground copper resource for Constancia Norte.
Negative factors
- Inferred Resource
Evidence · table
“1.200”
Context: 6,500,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredConstancia Operations · molybdenumTonnes: 6500000Grade: 69Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:062271c896779adb15e1
- Deposit or zone
- Constancia Norte
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 6500000
- Grade
- 69
- Grade Unit
- g/t
- Cutoff Grade
- 0.65
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred underground molybdenum resource for Constancia Norte.
Negative factors
- Inferred Resource
Evidence · table
“69”
Context: 6,500,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredConstancia Operations · goldTonnes: 6500000Grade: 0.14Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:062271c896779adb15e1
- Deposit or zone
- Constancia Norte
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 6500000
- Grade
- 0.14
- Grade Unit
- g/t
- Cutoff Grade
- 0.65
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred underground gold resource for Constancia Norte.
Negative factors
- Inferred Resource
Evidence · table
“0.140”
Context: 6,500,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredConstancia Operations · silverTonnes: 6500000Grade: 8.62Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:062271c896779adb15e1
- Deposit or zone
- Constancia Norte
- Mining method
- underground
Resource Data
- Category
- inferred
- Tonnes
- 6500000
- Grade
- 8.62
- Grade Unit
- g/t
- Cutoff Grade
- 0.65
- Cutoff Unit
- % copper
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred underground silver resource for Constancia Norte.
Negative factors
- Inferred Resource
Evidence · table
“8.62”
Context: 6,500,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedConstancia Operations · copperTonnes: 176700000Grade: 0.228Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:9dc77fce389ffcab0b4b
Resource Data
- Category
- indicated
- Tonnes
- 176700000
- Grade
- 0.228
- Grade Unit
- %
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Measured and Indicated copper resource for Constancia Operations.
Evidence · table
“0.228”
Context: 176,700,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedConstancia Operations · molybdenumTonnes: 176700000Grade: 79Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:9dc77fce389ffcab0b4b
Resource Data
- Category
- indicated
- Tonnes
- 176700000
- Grade
- 79
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Measured and Indicated molybdenum resource for Constancia Operations.
Evidence · table
“79”
Context: 176,700,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedConstancia Operations · goldTonnes: 176700000Grade: 0.034Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:9dc77fce389ffcab0b4b
Resource Data
- Category
- indicated
- Tonnes
- 176700000
- Grade
- 0.034
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Measured and Indicated gold resource for Constancia Operations.
Evidence · table
“0.034”
Context: 176,700,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedConstancia Operations · silverTonnes: 176700000Grade: 2.22Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:9dc77fce389ffcab0b4b
Resource Data
- Category
- indicated
- Tonnes
- 176700000
- Grade
- 2.22
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Measured and Indicated silver resource for Constancia Operations.
Evidence · table
“2.22”
Context: 176,700,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredConstancia Operations · copperTonnes: 34200000Grade: 0.447Grade Unit: %View all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- copper
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:161c9ad04c5e0f8ec40c
Resource Data
- Category
- inferred
- Tonnes
- 34200000
- Grade
- 0.447
- Grade Unit
- %
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Inferred copper resource for Constancia Operations.
Negative factors
- Inferred Resource
Evidence · table
“0.447”
Context: 34,200,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredConstancia Operations · molybdenumTonnes: 34200000Grade: 71Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:161c9ad04c5e0f8ec40c
Resource Data
- Category
- inferred
- Tonnes
- 34200000
- Grade
- 71
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Inferred molybdenum resource for Constancia Operations.
Negative factors
- Inferred Resource
Evidence · table
“71”
Context: 34,200,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredConstancia Operations · goldTonnes: 34200000Grade: 0.067Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- gold
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:161c9ad04c5e0f8ec40c
Resource Data
- Category
- inferred
- Tonnes
- 34200000
- Grade
- 0.067
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Inferred gold resource for Constancia Operations.
Negative factors
- Inferred Resource
Evidence · table
“0.067”
Context: 34,200,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredConstancia Operations · silverTonnes: 34200000Grade: 3.7Grade Unit: g/tView all detailsHide details
Identity
- Project
- Constancia Operations
- Commodity
- silver
- Region
- peru
- Reported Region
- Peru
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:161c9ad04c5e0f8ec40c
Resource Data
- Category
- inferred
- Tonnes
- 34200000
- Grade
- 3.7
- Grade Unit
- g/t
- Cutoff Grade
- 7.3
- Cutoff Unit
- NSR per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Inferred silver resource for Constancia Operations.
Negative factors
- Inferred Resource
Evidence · table
“3.70”
Context: 34,200,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenLalor Mine · goldTonnes: 4800000Grade: 4.28Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:5c2c1369ac25c91fcc2c
- Deposit or zone
- Lalor
Resource Data
- Category
- proven
- Tonnes
- 4800000
- Grade
- 4.28
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven gold reserve for Lalor mine.
Evidence · table
“4.28”
Context: 4,800,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenLalor Mine · zincTonnes: 4800000Grade: 0.7Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:5c2c1369ac25c91fcc2c
- Deposit or zone
- Lalor
Resource Data
- Category
- proven
- Tonnes
- 4800000
- Grade
- 0.7
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven zinc reserve for Lalor mine.
Evidence · table
“0.70”
Context: 4,800,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenLalor Mine · copperTonnes: 4800000Grade: 0.51Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:5c2c1369ac25c91fcc2c
- Deposit or zone
- Lalor
Resource Data
- Category
- proven
- Tonnes
- 4800000
- Grade
- 0.51
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven copper reserve for Lalor mine.
Evidence · table
“0.51”
Context: 4,800,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenLalor Mine · silverTonnes: 4800000Grade: 27Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:5c2c1369ac25c91fcc2c
- Deposit or zone
- Lalor
Resource Data
- Category
- proven
- Tonnes
- 4800000
- Grade
- 27
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven silver reserve for Lalor mine.
Evidence · table
“27.0”
Context: 4,800,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableLalor Mine · goldTonnes: 4900000Grade: 3.41Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:b2b0f98ae3c01613dde8
- Deposit or zone
- Lalor
Resource Data
- Category
- probable
- Tonnes
- 4900000
- Grade
- 3.41
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable gold reserve for Lalor mine.
Evidence · table
“3.41”
Context: 4,900,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableLalor Mine · zincTonnes: 4900000Grade: 0.27Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:b2b0f98ae3c01613dde8
- Deposit or zone
- Lalor
Resource Data
- Category
- probable
- Tonnes
- 4900000
- Grade
- 0.27
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable zinc reserve for Lalor mine.
Evidence · table
“0.27”
Context: 4,900,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableLalor Mine · copperTonnes: 4900000Grade: 0.87Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:b2b0f98ae3c01613dde8
- Deposit or zone
- Lalor
Resource Data
- Category
- probable
- Tonnes
- 4900000
- Grade
- 0.87
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable copper reserve for Lalor mine.
Evidence · table
“0.87”
Context: 4,900,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableLalor Mine · silverTonnes: 4900000Grade: 16.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:b2b0f98ae3c01613dde8
- Deposit or zone
- Lalor
Resource Data
- Category
- probable
- Tonnes
- 4900000
- Grade
- 16.8
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable silver reserve for Lalor mine.
Evidence · table
“16.8”
Context: 4,900,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableLalor Mine · goldTonnes: 9800000Grade: 3.84Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:eb8160c6cd25543600ed
Resource Data
- Category
- probable
- Tonnes
- 9800000
- Grade
- 3.84
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable gold reserve for Gold Zone.
Evidence · table
“3.84”
Context: 9,800,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableLalor Mine · zincTonnes: 9800000Grade: 0.48Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:eb8160c6cd25543600ed
Resource Data
- Category
- probable
- Tonnes
- 9800000
- Grade
- 0.48
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable zinc reserve for Gold Zone.
Evidence · table
“0.48”
Context: 9,800,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableLalor Mine · copperTonnes: 9800000Grade: 0.69Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:eb8160c6cd25543600ed
Resource Data
- Category
- probable
- Tonnes
- 9800000
- Grade
- 0.69
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable copper reserve for Gold Zone.
Evidence · table
“0.69”
Context: 9,800,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableLalor Mine · silverTonnes: 9800000Grade: 21.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:eb8160c6cd25543600ed
Resource Data
- Category
- probable
- Tonnes
- 9800000
- Grade
- 21.8
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable silver reserve for Gold Zone.
Evidence · table
“21.8”
Context: 9,800,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenLalor Mine · goldTonnes: 4400000Grade: 2.42Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:1c1f1a5bcab667c96fd7
- Deposit or zone
- Lalor
Resource Data
- Category
- proven
- Tonnes
- 4400000
- Grade
- 2.42
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven gold reserve for Lalor mine (Base Metal Zone).
Evidence · table
“2.42”
Context: 4,400,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenLalor Mine · zincTonnes: 4400000Grade: 4.36Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:1c1f1a5bcab667c96fd7
- Deposit or zone
- Lalor
Resource Data
- Category
- proven
- Tonnes
- 4400000
- Grade
- 4.36
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven zinc reserve for Lalor mine (Base Metal Zone).
Evidence · table
“4.36”
Context: 4,400,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenLalor Mine · copperTonnes: 4400000Grade: 0.36Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:1c1f1a5bcab667c96fd7
- Deposit or zone
- Lalor
Resource Data
- Category
- proven
- Tonnes
- 4400000
- Grade
- 0.36
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven copper reserve for Lalor mine (Base Metal Zone).
Evidence · table
“0.36”
Context: 4,400,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenLalor Mine · silverTonnes: 4400000Grade: 27.7Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:1c1f1a5bcab667c96fd7
- Deposit or zone
- Lalor
Resource Data
- Category
- proven
- Tonnes
- 4400000
- Grade
- 27.7
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven silver reserve for Lalor mine (Base Metal Zone).
Evidence · table
“27.7”
Context: 4,400,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
proven1901 Deposit · goldTonnes: 900000Grade: 2.25Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:0386d89d376657e205a8
- Deposit or zone
- 1901
Resource Data
- Category
- proven
- Tonnes
- 900000
- Grade
- 2.25
- Grade Unit
- g/t
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven gold reserve for 1901 deposit (Base Metal Zone).
Evidence · table
“2.25”
Context: 900,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
proven1901 Deposit · zincTonnes: 900000Grade: 7.6Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:0386d89d376657e205a8
- Deposit or zone
- 1901
Resource Data
- Category
- proven
- Tonnes
- 900000
- Grade
- 7.6
- Grade Unit
- %
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven zinc reserve for 1901 deposit (Base Metal Zone).
Evidence · table
“7.60”
Context: 900,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
proven1901 Deposit · copperTonnes: 900000Grade: 0.27Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:0386d89d376657e205a8
- Deposit or zone
- 1901
Resource Data
- Category
- proven
- Tonnes
- 900000
- Grade
- 0.27
- Grade Unit
- %
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven copper reserve for 1901 deposit (Base Metal Zone).
Evidence · table
“0.27”
Context: 900,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
proven1901 Deposit · silverTonnes: 900000Grade: 24Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:0386d89d376657e205a8
- Deposit or zone
- 1901
Resource Data
- Category
- proven
- Tonnes
- 900000
- Grade
- 24
- Grade Unit
- g/t
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Proven silver reserve for 1901 deposit (Base Metal Zone).
Evidence · table
“24.0”
Context: 900,000
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableLalor Mine · goldTonnes: 600000Grade: 1.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:bdc5359c6c20aafd3acb
- Deposit or zone
- Lalor
Resource Data
- Category
- probable
- Tonnes
- 600000
- Grade
- 1.5
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable gold reserve for Lalor mine (Base Metal Zone).
Evidence · table
“1.50”
Context: 600,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableLalor Mine · zincTonnes: 600000Grade: 4.11Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:bdc5359c6c20aafd3acb
- Deposit or zone
- Lalor
Resource Data
- Category
- probable
- Tonnes
- 600000
- Grade
- 4.11
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable zinc reserve for Lalor mine (Base Metal Zone).
Evidence · table
“4.11”
Context: 600,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableLalor Mine · copperTonnes: 600000Grade: 0.34Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:bdc5359c6c20aafd3acb
- Deposit or zone
- Lalor
Resource Data
- Category
- probable
- Tonnes
- 600000
- Grade
- 0.34
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable copper reserve for Lalor mine (Base Metal Zone).
Evidence · table
“0.34”
Context: 600,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableLalor Mine · silverTonnes: 600000Grade: 25.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:bdc5359c6c20aafd3acb
- Deposit or zone
- Lalor
Resource Data
- Category
- probable
- Tonnes
- 600000
- Grade
- 25.1
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable silver reserve for Lalor mine (Base Metal Zone).
Evidence · table
“25.1”
Context: 600,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probable1901 Deposit · goldTonnes: 700000Grade: 1.67Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:ac0d6fa5cf9335d6b474
- Deposit or zone
- 1901
Resource Data
- Category
- probable
- Tonnes
- 700000
- Grade
- 1.67
- Grade Unit
- g/t
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable gold reserve for 1901 deposit (Base Metal Zone).
Evidence · table
“1.67”
Context: 700,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probable1901 Deposit · zincTonnes: 700000Grade: 8.23Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:ac0d6fa5cf9335d6b474
- Deposit or zone
- 1901
Resource Data
- Category
- probable
- Tonnes
- 700000
- Grade
- 8.23
- Grade Unit
- %
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable zinc reserve for 1901 deposit (Base Metal Zone).
Evidence · table
“8.23”
Context: 700,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probable1901 Deposit · copperTonnes: 700000Grade: 0.22Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:ac0d6fa5cf9335d6b474
- Deposit or zone
- 1901
Resource Data
- Category
- probable
- Tonnes
- 700000
- Grade
- 0.22
- Grade Unit
- %
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable copper reserve for 1901 deposit (Base Metal Zone).
Evidence · table
“0.22”
Context: 700,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probable1901 Deposit · silverTonnes: 700000Grade: 28.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:ac0d6fa5cf9335d6b474
- Deposit or zone
- 1901
Resource Data
- Category
- probable
- Tonnes
- 700000
- Grade
- 28.5
- Grade Unit
- g/t
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable silver reserve for 1901 deposit (Base Metal Zone).
Evidence · table
“28.5”
Context: 700,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableSnow Lake Operations · goldTonnes: 6700000Grade: 2.22Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:fa5d0864754a5054396b
Resource Data
- Category
- probable
- Tonnes
- 6700000
- Grade
- 2.22
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable gold reserve for Base Metal Zone.
Evidence · table
“2.22”
Context: 6,700,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableSnow Lake Operations · zincTonnes: 6700000Grade: 5.2Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:fa5d0864754a5054396b
Resource Data
- Category
- probable
- Tonnes
- 6700000
- Grade
- 5.2
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable zinc reserve for Base Metal Zone.
Evidence · table
“5.20”
Context: 6,700,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableSnow Lake Operations · copperTonnes: 6700000Grade: 0.33Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:fa5d0864754a5054396b
Resource Data
- Category
- probable
- Tonnes
- 6700000
- Grade
- 0.33
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable copper reserve for Base Metal Zone.
Evidence · table
“0.33”
Context: 6,700,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableSnow Lake Operations · silverTonnes: 6700000Grade: 27Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:fa5d0864754a5054396b
Resource Data
- Category
- probable
- Tonnes
- 6700000
- Grade
- 27
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable silver reserve for Base Metal Zone.
Evidence · table
“27.0”
Context: 6,700,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableLalor Mine · goldTonnes: 14800000Grade: 3.31Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:d2765c28ee93237e4218
- Deposit or zone
- Lalor
Resource Data
- Category
- probable
- Tonnes
- 14800000
- Grade
- 3.31
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable gold reserve for Lalor mine.
Evidence · table
“3.31”
Context: 14,800,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableLalor Mine · zincTonnes: 14800000Grade: 1.8Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:d2765c28ee93237e4218
- Deposit or zone
- Lalor
Resource Data
- Category
- probable
- Tonnes
- 14800000
- Grade
- 1.8
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable zinc reserve for Lalor mine.
Evidence · table
“1.80”
Context: 14,800,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableLalor Mine · copperTonnes: 14800000Grade: 0.58Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:d2765c28ee93237e4218
- Deposit or zone
- Lalor
Resource Data
- Category
- probable
- Tonnes
- 14800000
- Grade
- 0.58
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable copper reserve for Lalor mine.
Evidence · table
“0.58”
Context: 14,800,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableLalor Mine · silverTonnes: 14800000Grade: 23.7Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:d2765c28ee93237e4218
- Deposit or zone
- Lalor
Resource Data
- Category
- probable
- Tonnes
- 14800000
- Grade
- 23.7
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable silver reserve for Lalor mine.
Evidence · table
“23.7”
Context: 14,800,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probable1901 Deposit · goldTonnes: 1600000Grade: 1.99Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:06364d8f9b5e69c73329
- Deposit or zone
- 1901
Resource Data
- Category
- probable
- Tonnes
- 1600000
- Grade
- 1.99
- Grade Unit
- g/t
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable gold reserve for 1901 deposit.
Evidence · table
“1.99”
Context: 1,600,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probable1901 Deposit · zincTonnes: 1600000Grade: 7.89Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:06364d8f9b5e69c73329
- Deposit or zone
- 1901
Resource Data
- Category
- probable
- Tonnes
- 1600000
- Grade
- 7.89
- Grade Unit
- %
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable zinc reserve for 1901 deposit.
Evidence · table
“7.89”
Context: 1,600,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probable1901 Deposit · copperTonnes: 1600000Grade: 0.24Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:06364d8f9b5e69c73329
- Deposit or zone
- 1901
Resource Data
- Category
- probable
- Tonnes
- 1600000
- Grade
- 0.24
- Grade Unit
- %
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable copper reserve for 1901 deposit.
Evidence · table
“0.24”
Context: 1,600,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probable1901 Deposit · silverTonnes: 1600000Grade: 26Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:06364d8f9b5e69c73329
- Deposit or zone
- 1901
Resource Data
- Category
- probable
- Tonnes
- 1600000
- Grade
- 26
- Grade Unit
- g/t
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable silver reserve for 1901 deposit.
Evidence · table
“26.0”
Context: 1,600,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableSnow Lake Operations · goldTonnes: 16500000Grade: 3.18Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:ca6bfe8e40dafc3aaebc
Resource Data
- Category
- probable
- Tonnes
- 16500000
- Grade
- 3.18
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable gold reserve for Snow Lake Operations.
Evidence · table
“3.18”
Context: 16,500,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableSnow Lake Operations · zincTonnes: 16500000Grade: 2.4Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:ca6bfe8e40dafc3aaebc
Resource Data
- Category
- probable
- Tonnes
- 16500000
- Grade
- 2.4
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable zinc reserve for Snow Lake Operations.
Evidence · table
“2.40”
Context: 16,500,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableSnow Lake Operations · copperTonnes: 16500000Grade: 0.54Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:ca6bfe8e40dafc3aaebc
Resource Data
- Category
- probable
- Tonnes
- 16500000
- Grade
- 0.54
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable copper reserve for Snow Lake Operations.
Evidence · table
“0.54”
Context: 16,500,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableSnow Lake Operations · silverTonnes: 16500000Grade: 23.9Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:ca6bfe8e40dafc3aaebc
Resource Data
- Category
- probable
- Tonnes
- 16500000
- Grade
- 23.9
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Proven and Probable silver reserve for Snow Lake Operations.
Evidence · table
“23.9”
Context: 16,500,000
Tags used in scoring
Probable Reservepositive
Indicated Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "probable"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLalor Mine · goldTonnes: 1400000Grade: 4.64Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:c690bd81848a4367d031
- Deposit or zone
- Lalor
Resource Data
- Category
- inferred
- Tonnes
- 1400000
- Grade
- 4.64
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred gold resource for Lalor mine.
Negative factors
- Inferred Resource
Evidence · table
“4.64”
Context: 1,400,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLalor Mine · zincTonnes: 1400000Grade: 0.21Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:c690bd81848a4367d031
- Deposit or zone
- Lalor
Resource Data
- Category
- inferred
- Tonnes
- 1400000
- Grade
- 0.21
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred zinc resource for Lalor mine.
Negative factors
- Inferred Resource
Evidence · table
“0.21”
Context: 1,400,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLalor Mine · copperTonnes: 1400000Grade: 2.48Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:c690bd81848a4367d031
- Deposit or zone
- Lalor
Resource Data
- Category
- inferred
- Tonnes
- 1400000
- Grade
- 2.48
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred copper resource for Lalor mine.
Negative factors
- Inferred Resource
Evidence · table
“2.48”
Context: 1,400,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLalor Mine · silverTonnes: 1400000Grade: 15.4Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:c690bd81848a4367d031
- Deposit or zone
- Lalor
Resource Data
- Category
- inferred
- Tonnes
- 1400000
- Grade
- 15.4
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred silver resource for Lalor mine.
Negative factors
- Inferred Resource
Evidence · table
“15.4”
Context: 1,400,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferred1901 Deposit · goldTonnes: 2700000Grade: 4.2Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:0fa66a481c97dd3fd0db
- Deposit or zone
- 1901
Resource Data
- Category
- inferred
- Tonnes
- 2700000
- Grade
- 4.2
- Grade Unit
- g/t
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred gold resource for 1901 deposit.
Negative factors
- Inferred Resource
Evidence · table
“4.20”
Context: 2,700,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferred1901 Deposit · zincTonnes: 2700000Grade: 0.65Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:0fa66a481c97dd3fd0db
- Deposit or zone
- 1901
Resource Data
- Category
- inferred
- Tonnes
- 2700000
- Grade
- 0.65
- Grade Unit
- %
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred zinc resource for 1901 deposit.
Negative factors
- Inferred Resource
Evidence · table
“0.65”
Context: 2,700,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferred1901 Deposit · copperTonnes: 2700000Grade: 0.58Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:0fa66a481c97dd3fd0db
- Deposit or zone
- 1901
Resource Data
- Category
- inferred
- Tonnes
- 2700000
- Grade
- 0.58
- Grade Unit
- %
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred copper resource for 1901 deposit.
Negative factors
- Inferred Resource
Evidence · table
“0.58”
Context: 2,700,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferred1901 Deposit · silverTonnes: 2700000Grade: 16.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:0fa66a481c97dd3fd0db
- Deposit or zone
- 1901
Resource Data
- Category
- inferred
- Tonnes
- 2700000
- Grade
- 16.3
- Grade Unit
- g/t
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred silver resource for 1901 deposit.
Negative factors
- Inferred Resource
Evidence · table
“16.3”
Context: 2,700,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSnow Lake Operations · goldTonnes: 4100000Grade: 4.35Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:5aa567c1eca605f3bb99
Resource Data
- Category
- inferred
- Tonnes
- 4100000
- Grade
- 4.35
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Inferred gold resource for Gold Zone.
Negative factors
- Inferred Resource
Evidence · table
“4.35”
Context: 4,100,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSnow Lake Operations · zincTonnes: 4100000Grade: 0.5Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:5aa567c1eca605f3bb99
Resource Data
- Category
- inferred
- Tonnes
- 4100000
- Grade
- 0.5
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Inferred zinc resource for Gold Zone.
Negative factors
- Inferred Resource
Evidence · table
“0.50”
Context: 4,100,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSnow Lake Operations · copperTonnes: 4100000Grade: 1.24Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:5aa567c1eca605f3bb99
Resource Data
- Category
- inferred
- Tonnes
- 4100000
- Grade
- 1.24
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Inferred copper resource for Gold Zone.
Negative factors
- Inferred Resource
Evidence · table
“1.24”
Context: 4,100,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSnow Lake Operations · silverTonnes: 4100000Grade: 16Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:5aa567c1eca605f3bb99
Resource Data
- Category
- inferred
- Tonnes
- 4100000
- Grade
- 16
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Inferred silver resource for Gold Zone.
Negative factors
- Inferred Resource
Evidence · table
“16.0”
Context: 4,100,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLalor Mine · goldTonnes: 400000Grade: 1.42Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:57339e9b65df880c24fd
- Deposit or zone
- Lalor
Resource Data
- Category
- inferred
- Tonnes
- 400000
- Grade
- 1.42
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred gold resource for Lalor mine (Base Metal Zone).
Negative factors
- Inferred Resource
Evidence · table
“1.42”
Context: 400,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLalor Mine · zincTonnes: 400000Grade: 1.74Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:57339e9b65df880c24fd
- Deposit or zone
- Lalor
Resource Data
- Category
- inferred
- Tonnes
- 400000
- Grade
- 1.74
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred zinc resource for Lalor mine (Base Metal Zone).
Negative factors
- Inferred Resource
Evidence · table
“1.74”
Context: 400,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLalor Mine · copperTonnes: 400000Grade: 1.28Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:57339e9b65df880c24fd
- Deposit or zone
- Lalor
Resource Data
- Category
- inferred
- Tonnes
- 400000
- Grade
- 1.28
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred copper resource for Lalor mine (Base Metal Zone).
Negative factors
- Inferred Resource
Evidence · table
“1.28”
Context: 400,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLalor Mine · silverTonnes: 400000Grade: 18.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:57339e9b65df880c24fd
- Deposit or zone
- Lalor
Resource Data
- Category
- inferred
- Tonnes
- 400000
- Grade
- 18.3
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred silver resource for Lalor mine (Base Metal Zone).
Negative factors
- Inferred Resource
Evidence · table
“18.3”
Context: 400,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferred1901 Deposit · goldTonnes: 100000Grade: 1.23Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:71c65965f90f07aeb278
- Deposit or zone
- 1901
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 1.23
- Grade Unit
- g/t
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred gold resource for 1901 deposit (Base Metal Zone).
Negative factors
- Inferred Resource
Evidence · table
“1.23”
Context: 100,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferred1901 Deposit · zincTonnes: 100000Grade: 8.12Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:71c65965f90f07aeb278
- Deposit or zone
- 1901
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 8.12
- Grade Unit
- %
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred zinc resource for 1901 deposit (Base Metal Zone).
Negative factors
- Inferred Resource
Evidence · table
“8.12”
Context: 100,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferred1901 Deposit · copperTonnes: 100000Grade: 0.13Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:71c65965f90f07aeb278
- Deposit or zone
- 1901
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 0.13
- Grade Unit
- %
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred copper resource for 1901 deposit (Base Metal Zone).
Negative factors
- Inferred Resource
Evidence · table
“0.13”
Context: 100,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferred1901 Deposit · silverTonnes: 100000Grade: 38.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:71c65965f90f07aeb278
- Deposit or zone
- 1901
Resource Data
- Category
- inferred
- Tonnes
- 100000
- Grade
- 38.1
- Grade Unit
- g/t
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred silver resource for 1901 deposit (Base Metal Zone).
Negative factors
- Inferred Resource
Evidence · table
“38.1”
Context: 100,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSnow Lake Operations · goldTonnes: 500000Grade: 1.37Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:55d578cfdd33e753d99b
Resource Data
- Category
- inferred
- Tonnes
- 500000
- Grade
- 1.37
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Inferred gold resource for Base Metal Zone.
Negative factors
- Inferred Resource
Evidence · table
“1.37”
Context: 500,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSnow Lake Operations · zincTonnes: 500000Grade: 3.39Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:55d578cfdd33e753d99b
Resource Data
- Category
- inferred
- Tonnes
- 500000
- Grade
- 3.39
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Inferred zinc resource for Base Metal Zone.
Negative factors
- Inferred Resource
Evidence · table
“3.39”
Context: 500,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSnow Lake Operations · copperTonnes: 500000Grade: 0.98Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:55d578cfdd33e753d99b
Resource Data
- Category
- inferred
- Tonnes
- 500000
- Grade
- 0.98
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Inferred copper resource for Base Metal Zone.
Negative factors
- Inferred Resource
Evidence · table
“0.98”
Context: 500,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSnow Lake Operations · silverTonnes: 500000Grade: 23.4Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:55d578cfdd33e753d99b
Resource Data
- Category
- inferred
- Tonnes
- 500000
- Grade
- 23.4
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Inferred silver resource for Base Metal Zone.
Negative factors
- Inferred Resource
Evidence · table
“23.4”
Context: 500,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLalor Mine · goldTonnes: 1800000Grade: 3.95Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:64d88f4a75d7f0c3f71f
- Deposit or zone
- Lalor
Resource Data
- Category
- inferred
- Tonnes
- 1800000
- Grade
- 3.95
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred gold resource for Lalor mine.
Negative factors
- Inferred Resource
Evidence · table
“3.95”
Context: 1,800,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLalor Mine · zincTonnes: 1800000Grade: 0.53Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:64d88f4a75d7f0c3f71f
- Deposit or zone
- Lalor
Resource Data
- Category
- inferred
- Tonnes
- 1800000
- Grade
- 0.53
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred zinc resource for Lalor mine.
Negative factors
- Inferred Resource
Evidence · table
“0.53”
Context: 1,800,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLalor Mine · copperTonnes: 1800000Grade: 2.22Grade Unit: %View all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:64d88f4a75d7f0c3f71f
- Deposit or zone
- Lalor
Resource Data
- Category
- inferred
- Tonnes
- 1800000
- Grade
- 2.22
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred copper resource for Lalor mine.
Negative factors
- Inferred Resource
Evidence · table
“2.22”
Context: 1,800,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredLalor Mine · silverTonnes: 1800000Grade: 16Grade Unit: g/tView all detailsHide details
Identity
- Project
- Lalor Mine
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:64d88f4a75d7f0c3f71f
- Deposit or zone
- Lalor
Resource Data
- Category
- inferred
- Tonnes
- 1800000
- Grade
- 16
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred silver resource for Lalor mine.
Negative factors
- Inferred Resource
Evidence · table
“16.0”
Context: 1,800,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferred1901 Deposit · goldTonnes: 2800000Grade: 4.06Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:b0aa5e1c66801615adc8
- Deposit or zone
- 1901
Resource Data
- Category
- inferred
- Tonnes
- 2800000
- Grade
- 4.06
- Grade Unit
- g/t
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred gold resource for 1901 deposit.
Negative factors
- Inferred Resource
Evidence · table
“4.06”
Context: 2,800,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferred1901 Deposit · zincTonnes: 2800000Grade: 1.01Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:b0aa5e1c66801615adc8
- Deposit or zone
- 1901
Resource Data
- Category
- inferred
- Tonnes
- 2800000
- Grade
- 1.01
- Grade Unit
- %
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred zinc resource for 1901 deposit.
Negative factors
- Inferred Resource
Evidence · table
“1.01”
Context: 2,800,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferred1901 Deposit · copperTonnes: 2800000Grade: 0.56Grade Unit: %View all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:b0aa5e1c66801615adc8
- Deposit or zone
- 1901
Resource Data
- Category
- inferred
- Tonnes
- 2800000
- Grade
- 0.56
- Grade Unit
- %
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred copper resource for 1901 deposit.
Negative factors
- Inferred Resource
Evidence · table
“0.56”
Context: 2,800,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferred1901 Deposit · silverTonnes: 2800000Grade: 17.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- 1901 Deposit
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:b0aa5e1c66801615adc8
- Deposit or zone
- 1901
Resource Data
- Category
- inferred
- Tonnes
- 2800000
- Grade
- 17.3
- Grade Unit
- g/t
- Cutoff Grade
- 199
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred silver resource for 1901 deposit.
Negative factors
- Inferred Resource
Evidence · table
“17.3”
Context: 2,800,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSnow Lake Operations · goldTonnes: 4600000Grade: 4.02Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:8b8d66cdb385edfa4448
Resource Data
- Category
- inferred
- Tonnes
- 4600000
- Grade
- 4.02
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Inferred gold resource for Snow Lake Operations.
Negative factors
- Inferred Resource
Evidence · table
“4.02”
Context: 4,600,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSnow Lake Operations · zincTonnes: 4600000Grade: 0.82Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:8b8d66cdb385edfa4448
Resource Data
- Category
- inferred
- Tonnes
- 4600000
- Grade
- 0.82
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Inferred zinc resource for Snow Lake Operations.
Negative factors
- Inferred Resource
Evidence · table
“0.82”
Context: 4,600,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSnow Lake Operations · copperTonnes: 4600000Grade: 1.21Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:8b8d66cdb385edfa4448
Resource Data
- Category
- inferred
- Tonnes
- 4600000
- Grade
- 1.21
- Grade Unit
- %
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Inferred copper resource for Snow Lake Operations.
Negative factors
- Inferred Resource
Evidence · table
“1.21”
Context: 4,600,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSnow Lake Operations · silverTonnes: 4600000Grade: 16.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake Operations
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:8b8d66cdb385edfa4448
Resource Data
- Category
- inferred
- Tonnes
- 4600000
- Grade
- 16.8
- Grade Unit
- g/t
- Cutoff Grade
- 161
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Inferred silver resource for Snow Lake Operations.
Negative factors
- Inferred Resource
Evidence · table
“16.8”
Context: 4,600,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableWIM · goldTonnes: 2450000Grade: 1.6Grade Unit: g/tView all detailsHide details
Identity
- Project
- WIM
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:6d7bc81b7c011ab30a42
- Deposit or zone
- WIM
Resource Data
- Category
- probable
- Tonnes
- 2450000
- Grade
- 1.6
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable gold reserve for WIM deposit.
Evidence · table
“1.6”
Context: 2,450,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableWIM · zincTonnes: 2450000Grade: 0.25Grade Unit: %View all detailsHide details
Identity
- Project
- WIM
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:6d7bc81b7c011ab30a42
- Deposit or zone
- WIM
Resource Data
- Category
- probable
- Tonnes
- 2450000
- Grade
- 0.25
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable zinc reserve for WIM deposit.
Evidence · table
“0.25”
Context: 2,450,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableWIM · copperTonnes: 2450000Grade: 1.63Grade Unit: %View all detailsHide details
Identity
- Project
- WIM
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:6d7bc81b7c011ab30a42
- Deposit or zone
- WIM
Resource Data
- Category
- probable
- Tonnes
- 2450000
- Grade
- 1.63
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable copper reserve for WIM deposit.
Evidence · table
“1.63”
Context: 2,450,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableWIM · silverTonnes: 2450000Grade: 6.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- WIM
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:6d7bc81b7c011ab30a42
- Deposit or zone
- WIM
Resource Data
- Category
- probable
- Tonnes
- 2450000
- Grade
- 6.3
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable silver reserve for WIM deposit.
Evidence · table
“6.3”
Context: 2,450,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probable3 Zone · goldTonnes: 660000Grade: 4.2Grade Unit: g/tView all detailsHide details
Identity
- Project
- 3 Zone
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:fefbfaa4cddf905a2cff
- Deposit or zone
- 3 Zone
Resource Data
- Category
- probable
- Tonnes
- 660000
- Grade
- 4.2
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Probable gold reserve for 3 Zone deposit.
Evidence · table
“4.2”
Context: 660,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableSnow Lake Regional Deposits · goldTonnes: 3110000Grade: 2.2Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake Regional Deposits
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:60a3acbdc5c55f06e9c1
Resource Data
- Category
- probable
- Tonnes
- 3110000
- Grade
- 2.2
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Probable gold reserve for Snow Lake Regional Deposits.
Evidence · table
“2.2”
Context: 3,110,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableSnow Lake Regional Deposits · zincTonnes: 3110000Grade: 0.2Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake Regional Deposits
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:60a3acbdc5c55f06e9c1
Resource Data
- Category
- probable
- Tonnes
- 3110000
- Grade
- 0.2
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Probable zinc reserve for Snow Lake Regional Deposits.
Evidence · table
“0.20”
Context: 3,110,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableSnow Lake Regional Deposits · copperTonnes: 3110000Grade: 1.28Grade Unit: %View all detailsHide details
Identity
- Project
- Snow Lake Regional Deposits
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:60a3acbdc5c55f06e9c1
Resource Data
- Category
- probable
- Tonnes
- 3110000
- Grade
- 1.28
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Probable copper reserve for Snow Lake Regional Deposits.
Evidence · table
“1.28”
Context: 3,110,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
probableSnow Lake Regional Deposits · silverTonnes: 3110000Grade: 5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake Regional Deposits
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- reserve
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:60a3acbdc5c55f06e9c1
Resource Data
- Category
- probable
- Tonnes
- 3110000
- Grade
- 5
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Probable silver reserve for Snow Lake Regional Deposits.
Evidence · table
“5.0”
Context: 3,110,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredNew Britannia · goldTonnes: 2750000Grade: 4.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- New Britannia
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:3c4ae7e8d0e3ea4dab16
- Deposit or zone
- New Britannia
Resource Data
- Category
- inferred
- Tonnes
- 2750000
- Grade
- 4.5
- Grade Unit
- g/t
- Cutoff Grade
- 2
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred gold resource for New Britannia deposit.
Negative factors
- Inferred Resource
Evidence · table
“4.5”
Context: 2,750,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredBirch · goldTonnes: 570000Grade: 4.4Grade Unit: g/tView all detailsHide details
Identity
- Project
- Birch
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:4f69033453b59468b10d
- Deposit or zone
- Birch
Resource Data
- Category
- inferred
- Tonnes
- 570000
- Grade
- 4.4
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Inferred gold resource for Birch deposit.
Negative factors
- Inferred Resource
Evidence · table
“4.4”
Context: 570,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredSnow Lake Regional Deposits · goldTonnes: 3320000Grade: 4.5Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake Regional Deposits
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:2c6b43ec1f29334305ff
Resource Data
- Category
- inferred
- Tonnes
- 3320000
- Grade
- 4.5
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Inferred gold resource for Snow Lake Regional Deposits.
Negative factors
- Inferred Resource
Evidence · table
“4.5”
Context: 3,320,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPen II · goldTonnes: 470000Grade: 0.3Grade Unit: g/tView all detailsHide details
Identity
- Project
- Pen II
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:820b0203a1e0ce0ff6fa
- Deposit or zone
- Pen II
Resource Data
- Category
- indicated
- Tonnes
- 470000
- Grade
- 0.3
- Grade Unit
- g/t
- Cutoff Grade
- 75
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated gold resource for Pen II deposit.
Evidence · table
“0.3”
Context: 470,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPen II · zincTonnes: 470000Grade: 8.89Grade Unit: %View all detailsHide details
Identity
- Project
- Pen II
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:820b0203a1e0ce0ff6fa
- Deposit or zone
- Pen II
Resource Data
- Category
- indicated
- Tonnes
- 470000
- Grade
- 8.89
- Grade Unit
- %
- Cutoff Grade
- 75
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated zinc resource for Pen II deposit.
Evidence · table
“8.89”
Context: 470,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPen II · copperTonnes: 470000Grade: 0.49Grade Unit: %View all detailsHide details
Identity
- Project
- Pen II
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:820b0203a1e0ce0ff6fa
- Deposit or zone
- Pen II
Resource Data
- Category
- indicated
- Tonnes
- 470000
- Grade
- 0.49
- Grade Unit
- %
- Cutoff Grade
- 75
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated copper resource for Pen II deposit.
Evidence · table
“0.49”
Context: 470,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPen II · silverTonnes: 470000Grade: 6.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Pen II
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:820b0203a1e0ce0ff6fa
- Deposit or zone
- Pen II
Resource Data
- Category
- indicated
- Tonnes
- 470000
- Grade
- 6.8
- Grade Unit
- g/t
- Cutoff Grade
- 75
- Cutoff Unit
- C$ per tonne
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated silver resource for Pen II deposit.
Evidence · table
“6.8”
Context: 470,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedTalbot · goldTonnes: 2190000Grade: 2.1Grade Unit: g/tView all detailsHide details
Identity
- Project
- Talbot
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:e027038ea4568f3b4b3e
- Deposit or zone
- Talbot
Resource Data
- Category
- indicated
- Tonnes
- 2190000
- Grade
- 2.1
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated gold resource for Talbot deposit.
Evidence · table
“2.1”
Context: 2,190,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedTalbot · zincTonnes: 2190000Grade: 1.79Grade Unit: %View all detailsHide details
Identity
- Project
- Talbot
- Commodity
- zinc
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:e027038ea4568f3b4b3e
- Deposit or zone
- Talbot
Resource Data
- Category
- indicated
- Tonnes
- 2190000
- Grade
- 1.79
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated zinc resource for Talbot deposit.
Evidence · table
“1.79”
Context: 2,190,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedTalbot · copperTonnes: 2190000Grade: 2.33Grade Unit: %View all detailsHide details
Identity
- Project
- Talbot
- Commodity
- copper
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:e027038ea4568f3b4b3e
- Deposit or zone
- Talbot
Resource Data
- Category
- indicated
- Tonnes
- 2190000
- Grade
- 2.33
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated copper resource for Talbot deposit.
Evidence · table
“2.33”
Context: 2,190,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedTalbot · silverTonnes: 2190000Grade: 36Grade Unit: g/tView all detailsHide details
Identity
- Project
- Talbot
- Commodity
- silver
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:e027038ea4568f3b4b3e
- Deposit or zone
- Talbot
Resource Data
- Category
- indicated
- Tonnes
- 2190000
- Grade
- 36
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Indicated silver resource for Talbot deposit.
Evidence · table
“36.0”
Context: 2,190,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedSnow Lake Regional Deposits · goldTonnes: 2660000Grade: 1.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Snow Lake Regional Deposits
- Commodity
- gold
- Region
- canada_mb
- Reported Region
- Manitoba
- Ticker
- HBM
Resource scope
- Estimate type
- resource
- Effective date
- 2026-01-01T00:00:00.000Z
- QP Signed
- Yes
- Qualified person names
- Olivier Tavchandjian
- Resource group id
- resource:82e40f7fad7af9cdbb99
Resource Data
- Category
- indicated
- Tonnes
- 2660000
- Grade
- 1.8
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2026-01-01
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-03-27T00:00:00.000Z
Reasoning: Total Indicated gold resource for Snow Lake Regional Base Metal Deposits.
Evidence · table
“1.8”
Context: 2,660,000
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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.