lAMGOLD Reports Mineral Resources and Reserves for the Year Ended 2025
Original announcement by tmx on
- Company
- IAMGOLD Corporation
- Ticker
- IMG
- Exchange
- TSX
- Region
- Unavailable
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Resource update
- Extracted
- 2026-09-12 07:12:11 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
IAMGOLD reported its year-end 2025 Mineral Resources and Reserves, showing a 16% increase in Measured and Indicated (M&I) gold resources to 31.0 million ounces, driven by resource conversion at Côté Gold and Nelligan, and new acquisitions. However, Proven and Probable (P&P) gold reserves decreased by 7% to 9.9 million ounces, primarily due to depletion and grade adjustments at Côté Gold and Essakane, partially offset by increases at Westwood. The update highlights both growth in resource base and challenges in reserve replacement, with some grade dilution noted across key assets.
Reasoning: IAMGOLD reported its annual Mineral Resources and Reserves update, showing a significant increase in Measured and Indicated resources due to resource conversion and acquisitions, but a decrease in Proven and Probable reserves. Several deposits experienced grade declines, some offset by lower cut-off grades, indicating a mixed outcome for the year.
Positive factors
- Category Upgrade
- Tonnage Growth
- Contained Metal Growth
- QP/CP Signed
- NI 43-101 Compliant
Negative factors
- Tonnage Decline
- Grade Decline
- Cut-off Lowered
- Dilutive Growth
Facts used in scoring: 31
Classification and evidence
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: Measured and Indicated Mineral Resources increased 16% to 31.0 million ounces of gold in 1.0 Bt at 0.94 g/t Au.
Evidence · text
“Measured and Indicated ("M&I") Mineral Resources (100% basis) increased 16% to 31.0 million ounces of gold in 1.0 Bt at 0.94 g/t Au”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: Measured and Indicated Mineral Resources increased 16% to 31.0 million ounces of gold.
Evidence · text
“Measured and Indicated ("M&I") Mineral Resources (100% basis) increased 16% to 31.0 million ounces of gold”
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: The increase in M&I resources was primarily associated with the conversion of Inferred Mineral Resources in the Gosselin deposit at Côté Gold and Nelligan deposit.
Evidence · text
“The increase was primarily associated with the conversion of Inferred Mineral Resources in the Gosselin deposit at Côté Gold and Nelligan deposit”
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: Proven and Probable Mineral Reserves decreased 7%, or 796,000 ounces, from the year prior, primarily due to depletion at Côté Gold and Essakane.
Evidence · text
“P&P Mineral Reserves decreased 7%, or 796,000 ounces, from the year prior, primarily due to depletion at Côté Gold and Essakane”
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: Proven and Probable Mineral Reserves decreased 7%, or 796,000 ounces, from the year prior.
Evidence · text
“P&P Mineral Reserves decreased 7%, or 796,000 ounces, from the year prior”
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: Essakane M&I Mineral Resources saw a 26% decrease in grades (to 0.91 g/t Au, including stockpiles).
Evidence · text
“a 26% decrease in grades (to 0.91 g/t Au, including stockpiles)”
Cut-off Lowerednegative
Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: Westwood (underground) Mineral Reserves cut-off grade was reduced to 6.40 g/t Au (down from 6.82 g/t Au previously).
Evidence · text
“reduction in the underground cut-off grade to 6.40 g/t Au (down from 6.82 g/t Au previously)”
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: Essakane M&I Mineral Resources increased 50% in tonnes but saw a 26% decrease in grades, indicating a dilutive expansion.
Evidence · text
“a 50% increase in tonnes (to 150 Mt) offsetting a 26% decrease in grades (to 0.91 g/t Au, including stockpiles)”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The Mineral Resources and Mineral Reserves statement was prepared in accordance with National Instrument 43-101.
Evidence · text
“prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101")”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Christine Beausoleil, P.Geo., and Adrienne Rispoli, P.Eng., are the 'qualified persons' responsible for the estimates.
Evidence · text
“Christine Beausoleil, P.Geo., Senior Director, Mining Geology, IAMGOLD Corporation is the "qualified person" for the purposes of NI 43-101 ("QP") with respect to the mineralization being reported on and is responsible for the review and approval of all Mineral Resources estimates for IAMGOLD. Adrienne Rispoli, P.Eng., Senior Director, Mining & Integrated Planning, IAMGOLD Corporation is the QP for the purposes of NI 43-101 with respect to the mineralization being reported on and is responsible for the review and approval of all Mineral Reserves estimates for IAMGOLD.”
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: The Chevrier Mineral Resources were estimated as of September 23, 2022, and Philibert Mineral Resources as of September 22, 2023, making them over two years old relative to the December 31, 2025 effective date.
Evidence · text
“Chevrier Mineral Resources (including underground Inferred Resources) have been estimated as of September 23, 2022... Philibert Mineral Resources have been estimated as of September 22, 2023”
Extracted facts
Stored fact records: 31. Some facts used in scoring do not have a stored record.
Resource Estimates (31)
provenCôté GoldTonnes: 116055000Grade: 1.05Grade Unit: g/tContained Metal: 3902Contained Unit: kozView all detailsHide details
Identity
- Project
- Côté Gold
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:198f82e8103c42d4ecbf
- Deposit or zone
- Côté
- Ownership percent
- 70 %
- Resource basis
- gross
Resource Data
- Category
- proven
- Tonnes
- 116055000
- Grade
- 1.05
- Grade Unit
- g/t
- Contained Metal
- 3902
- Contained Unit
- koz
- Cutoff Grade
- 0.46
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 127747000
- Prior Grade
- 1.07
- Prior Contained Metal
- 4376
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Proven reserves at Côté Gold decreased in tonnage, grade, and contained metal, indicating depletion and a slight grade dilution, despite a higher cut-off grade.
Negative factors
- Tonnage Decline
- Grade Decline
- Contained Metal Decline
Evidence · table
“1.05”
Context: 116,055
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 116055000 against 127747000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 3902 against 4376 previously
probableCôté GoldTonnes: 101112000Grade: 0.97Grade Unit: g/tContained Metal: 3139Contained Unit: kozView all detailsHide details
Identity
- Project
- Côté Gold
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:048b7fb02312abe6781d
- Deposit or zone
- Côté
- Ownership percent
- 70 %
- Resource basis
- gross
Resource Data
- Category
- probable
- Tonnes
- 101112000
- Grade
- 0.97
- Grade Unit
- g/t
- Contained Metal
- 3139
- Contained Unit
- koz
- Cutoff Grade
- 0.46
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 101427000
- Prior Grade
- 0.91
- Prior Contained Metal
- 2965
- Prior Cutoff Grade
- 0.35
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Probable reserves at Côté Gold show a slight increase in grade and contained metal, despite stable tonnage, indicating an improvement in the quality of the probable reserve base.
Positive factors
- Grade Improvement
- Contained Metal Growth
Evidence · table
“0.97”
Context: 101,112
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 101112000 against 101427000 previously
Grade Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: 0.97 against 0.91 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 3139 against 2965 previously
provenWestwoodTonnes: 897000Grade: 10.89Grade Unit: g/tContained Metal: 314Contained Unit: kozView all detailsHide details
Identity
- Project
- Westwood
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:0e3510276bd04a13cb37
- Deposit or zone
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- proven
- Tonnes
- 897000
- Grade
- 10.89
- Grade Unit
- g/t
- Contained Metal
- 314
- Contained Unit
- koz
- Cutoff Grade
- 6.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 717000
- Prior Grade
- 12.61
- Prior Contained Metal
- 291
- Prior Cutoff Grade
- 6.82
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Proven underground reserves at Westwood increased in tonnage and contained metal, but with a notable decrease in grade, partially influenced by a lower cut-off grade.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
- Cut-off Lowered
Evidence · table
“10.89”
Context: 897
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 897000 against 717000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 10.89 against 12.61 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 314 against 291 previously
Cut-off Lowerednegative
Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 6.4 against 6.82 previously
probableWestwoodTonnes: 2565000Grade: 9.3Grade Unit: g/tContained Metal: 767Contained Unit: kozView all detailsHide details
Identity
- Project
- Westwood
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:f169e8bf23e76b876d19
- Deposit or zone
- underground
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- probable
- Tonnes
- 2565000
- Grade
- 9.3
- Grade Unit
- g/t
- Contained Metal
- 767
- Contained Unit
- koz
- Cutoff Grade
- 6.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 1886000
- Prior Grade
- 10.98
- Prior Contained Metal
- 666
- Prior Cutoff Grade
- 6.82
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Probable underground reserves at Westwood increased significantly in tonnage and contained metal, but with a decrease in grade, influenced by a lower cut-off grade.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
- Cut-off Lowered
Evidence · table
“9.30”
Context: 2,565
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 2565000 against 1886000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 9.3 against 10.98 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 767 against 666 previously
Cut-off Lowerednegative
Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 6.4 against 6.82 previously
provenWestwoodTonnes: 658000Grade: 0.81Grade Unit: g/tContained Metal: 17Contained Unit: kozView all detailsHide details
Identity
- Project
- Westwood
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:5b51aa46c57051837471
- Deposit or zone
- Grand Duc
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- proven
- Tonnes
- 658000
- Grade
- 0.81
- Grade Unit
- g/t
- Contained Metal
- 17
- Contained Unit
- koz
- Cutoff Grade
- 0.59
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 363000
- Prior Grade
- 0.8
- Prior Contained Metal
- 9
- Prior Cutoff Grade
- 0.54
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Proven reserves at Grand Duc show strong growth in tonnage and contained metal, with a slight grade improvement, despite a higher cut-off grade.
Positive factors
- Tonnage Growth
- Grade Improvement
- Contained Metal Growth
Evidence · table
“0.81”
Context: 658
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 658000 against 363000 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 17 against 9 previously
probableWestwoodTonnes: 1238000Grade: 1.25Grade Unit: g/tContained Metal: 50Contained Unit: kozView all detailsHide details
Identity
- Project
- Westwood
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:d404c7ec5714eca65a68
- Deposit or zone
- Grand Duc
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- probable
- Tonnes
- 1238000
- Grade
- 1.25
- Grade Unit
- g/t
- Contained Metal
- 50
- Contained Unit
- koz
- Cutoff Grade
- 0.59
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 1090000
- Prior Grade
- 1.08
- Prior Contained Metal
- 38
- Prior Cutoff Grade
- 0.54
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Probable reserves at Grand Duc show strong growth in tonnage, grade, and contained metal, indicating a positive update for this zone.
Positive factors
- Tonnage Growth
- Grade Improvement
- Contained Metal Growth
Evidence · table
“1.25”
Context: 1,238
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Grade Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: 1.25 against 1.08 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 50 against 38 previously
provenEssakaneTonnes: 22178000Grade: 0.64Grade Unit: g/tContained Metal: 457Contained Unit: kozView all detailsHide details
Identity
- Project
- Essakane
- Region
- burkina_faso
- Reported Region
- Burkina Faso
- Ticker
- IMG
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:3b863521548ccaf72ea9
- Material type
- stockpile
- Ownership percent
- 85 %
- Resource basis
- gross
Resource Data
- Category
- proven
- Tonnes
- 22178000
- Grade
- 0.64
- Grade Unit
- g/t
- Contained Metal
- 457
- Contained Unit
- koz
- Cutoff Grade
- 0.31
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 18876000
- Prior Grade
- 0.65
- Prior Contained Metal
- 396
- Prior Cutoff Grade
- 0.39
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Proven stockpile reserves at Essakane increased in tonnage and contained metal, but with a slight grade decrease, likely influenced by a lower cut-off grade.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
- Cut-off Lowered
Evidence · table
“0.64”
Context: 22,178
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 22178000 against 18876000 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 457 against 396 previously
Cut-off Lowerednegative
Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.31 against 0.39 previously
probableEssakaneTonnes: 34903000Grade: 1.09Grade Unit: g/tContained Metal: 1219Contained Unit: kozView all detailsHide details
Identity
- Project
- Essakane
- Region
- burkina_faso
- Reported Region
- Burkina Faso
- Ticker
- IMG
Resource scope
- Estimate type
- reserve
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:c37147f1049c9f9c234a
- Ownership percent
- 85 %
- Resource basis
- gross
Resource Data
- Category
- probable
- Tonnes
- 34903000
- Grade
- 1.09
- Grade Unit
- g/t
- Contained Metal
- 1219
- Contained Unit
- koz
- Cutoff Grade
- 0.31
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 44017000
- Prior Grade
- 1.36
- Prior Contained Metal
- 1920
- Prior Cutoff Grade
- 0.39
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Probable open pit reserves at Essakane saw significant decreases in tonnage, grade, and contained metal, despite a lower cut-off grade, indicating a substantial reduction in this reserve category.
Negative factors
- Tonnage Decline
- Grade Decline
- Contained Metal Decline
- Cut-off Lowered
Evidence · table
“1.09”
Context: 34,903
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 34903000 against 44017000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.09 against 1.36 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 1219 against 1920 previously
Cut-off Lowerednegative
Cut-off grade reduced beyond the suspicious bound vs prior estimate — tonnage growth may be artificial inflation.
Why it applies: 0.31 against 0.39 previously
measuredCôté GoldTonnes: 153873000Grade: 0.93Grade Unit: g/tContained Metal: 4598Contained Unit: kozView all detailsHide details
Identity
- Project
- Côté Gold
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:0b5dbf49191e33f8005b
- Deposit or zone
- Côté
- Ownership percent
- 70 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 153873000
- Grade
- 0.93
- Grade Unit
- g/t
- Contained Metal
- 4598
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 162140000
- Prior Grade
- 0.94
- Prior Contained Metal
- 4907
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Measured resources at Côté decreased in tonnage, grade, and contained metal, indicating a reduction in the highest confidence resource category.
Negative factors
- Tonnage Decline
- Grade Decline
- Contained Metal Decline
Evidence · table
“0.93”
Context: 153,873
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 153873000 against 162140000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 4598 against 4907 previously
indicatedCôté GoldTonnes: 268833000Grade: 0.77Grade Unit: g/tContained Metal: 6697Contained Unit: kozView all detailsHide details
Identity
- Project
- Côté Gold
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:85bb14bc32523eda0013
- Deposit or zone
- Côté
- Ownership percent
- 70 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 268833000
- Grade
- 0.77
- Grade Unit
- g/t
- Contained Metal
- 6697
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 276404000
- Prior Grade
- 0.77
- Prior Contained Metal
- 6878
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Indicated resources at Côté saw a slight decrease in tonnage and contained metal, while grade remained stable.
Negative factors
- Tonnage Decline
- Contained Metal Decline
Evidence · table
“0.77”
Context: 268,833
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 268833000 against 276404000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 6697 against 6878 previously
inferredCôté GoldTonnes: 62760000Grade: 0.6Grade Unit: g/tContained Metal: 1206Contained Unit: kozView all detailsHide details
Identity
- Project
- Côté Gold
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:4b5db6f13545e1d7db4f
- Deposit or zone
- Côté
- Ownership percent
- 70 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 62760000
- Grade
- 0.6
- Grade Unit
- g/t
- Contained Metal
- 1206
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 60362000
- Prior Grade
- 0.61
- Prior Contained Metal
- 1177
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Inferred resources at Côté increased in tonnage and contained metal, despite a slight grade decrease, indicating some expansion of the speculative resource base.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“0.60”
Context: 62,760
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 1206 from 1177
indicatedCôté GoldTonnes: 266741000Grade: 0.8Grade Unit: g/tContained Metal: 6861Contained Unit: kozView all detailsHide details
Identity
- Project
- Côté Gold
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:4a29e634fe8387098130
- Deposit or zone
- Gosselin
- Ownership percent
- 70 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 266741000
- Grade
- 0.8
- Grade Unit
- g/t
- Contained Metal
- 6861
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 161300000
- Prior Grade
- 0.85
- Prior Contained Metal
- 4420
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Indicated resources at Gosselin saw a substantial increase in tonnage and contained metal, primarily due to conversion from Inferred resources, despite a grade decrease.
Positive factors
- Tonnage Growth
- Contained Metal Growth
- Category Upgrade
Negative factors
- Grade Decline
Evidence · table
“0.80”
Context: 266,741
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 266741000 against 161300000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.8 against 0.85 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 6861 against 4420 previously
inferredCôté GoldTonnes: 37840000Grade: 0.79Grade Unit: g/tContained Metal: 959Contained Unit: kozView all detailsHide details
Identity
- Project
- Côté Gold
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:d2058dc7b8e51827ed44
- Deposit or zone
- Gosselin
- Ownership percent
- 70 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 37840000
- Grade
- 0.79
- Grade Unit
- g/t
- Contained Metal
- 959
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 123900000
- Prior Grade
- 0.75
- Prior Contained Metal
- 2980
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Inferred resources at Gosselin significantly decreased in tonnage and contained metal, largely due to conversion to Indicated category, despite a slight grade increase.
Positive factors
- Grade Improvement
Negative factors
- Tonnage Decline
- Contained Metal Decline
Evidence · table
“0.79”
Context: 37,840
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 37840000 against 123900000 previously
Grade Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: 0.79 against 0.75 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 959 against 2980 previously
measuredWestwoodTonnes: 1619000Grade: 7.21Grade Unit: g/tContained Metal: 375Contained Unit: kozView all detailsHide details
Identity
- Project
- Westwood
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:87c1c4eb2b2af6b2b48a
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 1619000
- Grade
- 7.21
- Grade Unit
- g/t
- Contained Metal
- 375
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 1062000
- Prior Grade
- 9.15
- Prior Contained Metal
- 312
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Measured resources at Westwood increased in tonnage and contained metal, but with a significant decrease in grade.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“7.21”
Context: 1,619
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 1619000 against 1062000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 7.21 against 9.15 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 375 against 312 previously
indicatedWestwoodTonnes: 10324000Grade: 6.09Grade Unit: g/tContained Metal: 2022Contained Unit: kozView all detailsHide details
Identity
- Project
- Westwood
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:f24f2bf3f5e69d99acd2
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 10324000
- Grade
- 6.09
- Grade Unit
- g/t
- Contained Metal
- 2022
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 5627000
- Prior Grade
- 7.75
- Prior Contained Metal
- 1402
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Indicated resources at Westwood significantly increased in tonnage and contained metal, but with a notable decrease in grade.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“6.09”
Context: 10,324
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 10324000 against 5627000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 6.09 against 7.75 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 2022 against 1402 previously
inferredWestwoodTonnes: 4507000Grade: 10.46Grade Unit: g/tContained Metal: 1515Contained Unit: kozView all detailsHide details
Identity
- Project
- Westwood
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:668a9c9f0d61a637701f
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 4507000
- Grade
- 10.46
- Grade Unit
- g/t
- Contained Metal
- 1515
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 4369000
- Prior Grade
- 12.82
- Prior Contained Metal
- 1801
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Inferred resources at Westwood show a slight increase in tonnage but a significant decrease in grade and contained metal, indicating a dilution of the inferred resource base.
Positive factors
- Tonnage Growth
Negative factors
- Grade Decline
- Contained Metal Decline
Evidence · table
“10.46”
Context: 4,507
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 10.46 against 12.82 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 1515 against 1801 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 1515 from 1801
measuredEssakaneTonnes: 38312000Grade: 0.52Grade Unit: g/tContained Metal: 640Contained Unit: kozView all detailsHide details
Identity
- Project
- Essakane
- Region
- burkina_faso
- Reported Region
- Burkina Faso
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:7eaa03ca36f59a7a8273
- Ownership percent
- 85 %
- Resource basis
- gross
Resource Data
- Category
- measured
- Tonnes
- 38312000
- Grade
- 0.52
- Grade Unit
- g/t
- Contained Metal
- 640
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 21157000
- Prior Grade
- 0.64
- Prior Contained Metal
- 433
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Measured resources at Essakane increased significantly in tonnage and contained metal, but with a notable decrease in grade.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“0.52”
Context: 38,312
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 38312000 against 21157000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.52 against 0.64 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 640 against 433 previously
indicatedEssakaneTonnes: 111683000Grade: 1.05Grade Unit: g/tContained Metal: 3772Contained Unit: kozView all detailsHide details
Identity
- Project
- Essakane
- Region
- burkina_faso
- Reported Region
- Burkina Faso
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:b4da0c7c13a8c36c2418
- Ownership percent
- 85 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 111683000
- Grade
- 1.05
- Grade Unit
- g/t
- Contained Metal
- 3772
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 78722000
- Prior Grade
- 1.4
- Prior Contained Metal
- 3534
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Indicated resources at Essakane show significant tonnage and contained metal growth, but with a substantial decrease in grade, suggesting a dilutive expansion.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“1.05”
Context: 111,683
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 111683000 against 78722000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.05 against 1.4 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 3772 against 3534 previously
inferredEssakaneTonnes: 24195000Grade: 1.1Grade Unit: g/tContained Metal: 853Contained Unit: kozView all detailsHide details
Identity
- Project
- Essakane
- Region
- burkina_faso
- Reported Region
- Burkina Faso
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:dcae0d1b17b1b001bb86
- Ownership percent
- 85 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 24195000
- Grade
- 1.1
- Grade Unit
- g/t
- Contained Metal
- 853
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 12623000
- Prior Grade
- 1.76
- Prior Contained Metal
- 713
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Inferred resources at Essakane show strong growth in tonnage and contained metal, but with a significant decrease in grade, indicating a dilutive expansion of the inferred base.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“1.10”
Context: 24,195
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 24195000 against 12623000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 1.1 against 1.76 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 853 against 713 previously
indicatedGosseyTonnes: 14795000Grade: 0.75Grade Unit: g/tContained Metal: 355Contained Unit: kozView all detailsHide details
Identity
- Project
- Gossey
- Region
- burkina_faso
- Reported Region
- Burkina Faso
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:4692481d90dabe6d6553
- Ownership percent
- 85 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 14795000
- Grade
- 0.75
- Grade Unit
- g/t
- Contained Metal
- 355
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 8383000
- Prior Grade
- 0.87
- Prior Contained Metal
- 235
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Indicated resources at Gossey show strong growth in tonnage and contained metal, despite a decrease in grade, indicating a positive expansion of the resource.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“0.75”
Context: 14,795
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 14795000 against 8383000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.75 against 0.87 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 355 against 235 previously
inferredGosseyTonnes: 2688000Grade: 0.85Grade Unit: g/tContained Metal: 74Contained Unit: kozView all detailsHide details
Identity
- Project
- Gossey
- Region
- burkina_faso
- Reported Region
- Burkina Faso
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:bf03ac498d98baa804fd
- Ownership percent
- 85 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 2688000
- Grade
- 0.85
- Grade Unit
- g/t
- Contained Metal
- 74
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 1611000
- Prior Grade
- 1
- Prior Contained Metal
- 52
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Inferred resources at Gossey show growth in tonnage and contained metal, despite a decrease in grade, indicating an expansion of the speculative resource.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Negative factors
- Grade Decline
Evidence · table
“0.85”
Context: 2,688
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 2688000 against 1611000 previously
Grade Declinenegative
Average grade fell below the red-flag bound vs prior estimate — deposit economics worsening. May indicate high-grading in early drilling.
Why it applies: 0.85 against 1 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 74 against 52 previously
indicatedNelligan Mining ComplexTonnes: 122000000Grade: 0.95Grade Unit: g/tContained Metal: 3700Contained Unit: kozView all detailsHide details
Identity
- Project
- Nelligan Mining Complex
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:38fc0419f98f291d4fdf
- Deposit or zone
- Nelligan
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 122000000
- Grade
- 0.95
- Grade Unit
- g/t
- Contained Metal
- 3700
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 102845000
- Prior Grade
- 0.95
- Prior Contained Metal
- 3125
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Indicated resources at Nelligan show strong growth in tonnage and contained metal, with stable grade, indicating a successful infill program to increase confidence.
Positive factors
- Tonnage Growth
- Contained Metal Growth
Evidence · table
“0.95”
Context: 122,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: 122000000 against 102845000 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 3700 against 3125 previously
inferredNelligan Mining ComplexTonnes: 151000000Grade: 0.96Grade Unit: g/tContained Metal: 4647Contained Unit: kozView all detailsHide details
Identity
- Project
- Nelligan Mining Complex
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:880e2bb282516452a170
- Deposit or zone
- Nelligan
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 151000000
- Grade
- 0.96
- Grade Unit
- g/t
- Contained Metal
- 4647
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 166395000
- Prior Grade
- 0.96
- Prior Contained Metal
- 5161
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Inferred resources at Nelligan decreased in tonnage and contained metal, likely due to conversion to higher confidence categories.
Negative factors
- Tonnage Decline
- Contained Metal Decline
Evidence · table
“0.96”
Context: 151,000
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 151000000 against 166395000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 4647 against 5161 previously
indicatedNelligan Mining ComplexTonnes: 243000Grade: 13.04Grade Unit: g/tContained Metal: 102Contained Unit: kozView all detailsHide details
Identity
- Project
- Nelligan Mining Complex
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:ab2febfe10098d570781
- Deposit or zone
- Monster Lake
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 243000
- Grade
- 13.04
- Grade Unit
- g/t
- Contained Metal
- 102
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 239000
- Prior Grade
- 10.93
- Prior Contained Metal
- 84
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Indicated resources at Monster Lake show growth in tonnage, grade, and contained metal, indicating a positive update for this high-grade deposit.
Positive factors
- Tonnage Growth
- Grade Improvement
- Contained Metal Growth
Evidence · table
“13.04”
Context: 243
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Grade Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: 13.04 against 10.93 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 102 against 84 previously
inferredNelligan Mining ComplexTonnes: 1046000Grade: 14.83Grade Unit: g/tContained Metal: 499Contained Unit: kozView all detailsHide details
Identity
- Project
- Nelligan Mining Complex
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:d8f0ff5743b0a94a4bb8
- Deposit or zone
- Monster Lake
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 1046000
- Grade
- 14.83
- Grade Unit
- g/t
- Contained Metal
- 499
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 1053000
- Prior Grade
- 14.44
- Prior Contained Metal
- 489
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Inferred resources at Monster Lake show a slight increase in grade and contained metal, despite a minor tonnage decrease, indicating an improvement in the quality of the inferred resource.
Positive factors
- Grade Improvement
- Contained Metal Growth
Negative factors
- Tonnage Decline
Evidence · table
“14.83”
Context: 1,046
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Tonnage Declinenegative
Resource tonnage decreased vs prior estimate — pit optimization removed marginal material or geological model revised down.
Why it applies: 1046000 against 1053000 previously
indicatedPhilibertTonnes: 7884000Grade: 1.1Grade Unit: g/tContained Metal: 279Contained Unit: kozView all detailsHide details
Identity
- Project
- Philibert
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:13598c424119070675f4
- Deposit or zone
- Philibert
- Ownership percent
- 75 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 7884000
- Grade
- 1.1
- Grade Unit
- g/t
- Contained Metal
- 279
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 0
- Prior Grade
- 0
- Prior Contained Metal
- 0
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: The Philibert deposit is a new addition to the resource base, contributing significant indicated resources, representing a positive acquisition.
Positive factors
- Maiden Resource
- Tonnage Growth
- Contained Metal Growth
Evidence · table
“1.10”
Context: 7,884
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredPhilibertTonnes: 48465000Grade: 1.1Grade Unit: g/tContained Metal: 1709Contained Unit: kozView all detailsHide details
Identity
- Project
- Philibert
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:d129c392641414a1241d
- Deposit or zone
- Philibert
- Ownership percent
- 75 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 48465000
- Grade
- 1.1
- Grade Unit
- g/t
- Contained Metal
- 1709
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 0
- Prior Grade
- 0
- Prior Contained Metal
- 0
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: The Philibert deposit is a new addition to the resource base, contributing significant inferred resources, representing a positive acquisition.
Positive factors
- Maiden Resource
- Tonnage Growth
- Contained Metal Growth
Evidence · table
“1.10”
Context: 48,465
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedChevrierTonnes: 6400000Grade: 1.26Grade Unit: g/tContained Metal: 260Contained Unit: kozView all detailsHide details
Identity
- Project
- Chevrier
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:e5f6e39cbae24076bdd3
- Deposit or zone
- Chevrier
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 6400000
- Grade
- 1.26
- Grade Unit
- g/t
- Contained Metal
- 260
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 0
- Prior Grade
- 0
- Prior Contained Metal
- 0
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: The Chevrier deposit is a new addition to the resource base, contributing significant indicated resources, representing a positive acquisition.
Positive factors
- Maiden Resource
- Tonnage Growth
- Contained Metal Growth
Evidence · table
“1.26”
Context: 6,400
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredChevrierTonnes: 15660000Grade: 1.3Grade Unit: g/tContained Metal: 652Contained Unit: kozView all detailsHide details
Identity
- Project
- Chevrier
- Region
- canada
- Reported Region
- Canada
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:9f18c890fd4d8d3a0b48
- Deposit or zone
- Chevrier
- Ownership percent
- 100 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 15660000
- Grade
- 1.3
- Grade Unit
- g/t
- Contained Metal
- 652
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 0
- Prior Grade
- 0
- Prior Contained Metal
- 0
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: The Chevrier deposit is a new addition to the resource base, contributing significant inferred resources, representing a positive acquisition.
Positive factors
- Maiden Resource
- Tonnage Growth
- Contained Metal Growth
Evidence · table
“1.30”
Context: 15,660
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
indicatedDiakha-SiribayaTonnes: 27937000Grade: 1.48Grade Unit: g/tContained Metal: 1325Contained Unit: kozView all detailsHide details
Identity
- Project
- Diakha-Siribaya
- Region
- mali
- Reported Region
- Mali
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:f8c23b865604d51659e5
- Ownership percent
- 90 %
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 27937000
- Grade
- 1.48
- Grade Unit
- g/t
- Contained Metal
- 1325
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 27937000
- Prior Grade
- 1.48
- Prior Contained Metal
- 1325
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Indicated resources at Diakha-Siribaya remained unchanged from the prior year, indicating no new exploration or re-estimation work.
Evidence · table
“1.48”
Context: 27,937
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredDiakha-SiribayaTonnes: 8468000Grade: 1.53Grade Unit: g/tContained Metal: 417Contained Unit: kozView all detailsHide details
Identity
- Project
- Diakha-Siribaya
- Region
- mali
- Reported Region
- Mali
- Ticker
- IMG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Christine Beausoleil, P.Geo., Adrienne Rispoli, P.Eng.
- Resource group id
- resource:195865202ece51cd1319
- Ownership percent
- 90 %
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 8468000
- Grade
- 1.53
- Grade Unit
- g/t
- Contained Metal
- 417
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Tonnes
- 8468000
- Prior Grade
- 1.53
- Prior Contained Metal
- 417
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Inferred resources at Diakha-Siribaya remained unchanged from the prior year, indicating no new exploration or re-estimation work.
Evidence · table
“1.53”
Context: 8,468
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.