Minaurum Announces Initial Resource Estimate at Alamos Silver Project of 55 Million Ounces AgEq Grading 320 g/t AgEq

Original announcement by tmx on

Company
Minaurum Silver Inc.
Ticker
MGG
Exchange
TSX
Region
Sonora, Mexico
Primary commodity
Silver
Secondary commodities
Gold, Copper, Lead, Zinc
Document categories
Resource update
Extracted
2026-09-16 10:55:29 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Minaurum Silver has announced an initial Inferred Mineral Resource Estimate for its 100%-owned Alamos Silver Project in Sonora, Mexico. The estimate totals 5.37 million tonnes grading 320 g/t silver equivalent (AgEq), containing 55.2 million ounces of AgEq. The resource, based on 104 drill holes, is open along strike and at depth, with an ongoing 50,000-meter drill program aimed at expansion.

Reasoning: Minaurum Silver announced a maiden Inferred Mineral Resource Estimate for its Alamos Silver Project, outlining 55.2 million ounces of silver equivalent at a high grade of 320 g/t AgEq. The estimate is NI 43-101 compliant, QP signed, and shows significant potential for expansion, though it is entirely in the Inferred category.

Positive factors

  • Maiden Resource
  • High Grade
  • Open for Expansion
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Facts used in scoring: 80

Classification and evidence

Maiden Resourceneutral

First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable.

Why it applies: The document explicitly states 'Initial Resource Estimate' and 'maiden Inferred Mineral Resource Estimate'.

Evidence · text

“Minaurum Announces Initial Resource Estimate at Alamos Silver Project”

High Gradepositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The overall silver equivalent grade of 320 g/t AgEq is exceptional for an epithermal silver deposit.

Evidence · text

“55 Million Ounces AgEq Grading 320 g/t AgEq”

Open for Expansionpositive · Story-specific tag

No canonical definition is currently available.

Why it applies: The resource is stated to be 'open along strike and at depth' with an ongoing 'resource expansion drill program'.

Evidence · text

“The resource is open along strike and at depth, offering significant potential for expansion through the ongoing Phase II 50,000 m resource expansion drill program.”

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: The resource estimate explicitly states compliance with NI 43-101 standards.

Evidence · text

“The Resource Estimate conforms with the requirements of NI 43-101 - Standards of Disclosure for Mineral Projects”

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: Michael G. Hester is named as the Qualified Person responsible for the estimate.

Evidence · text

“The Mineral Resources for the Alamos Project disclosed in this news release have been estimated by Michael G. Hester, FAusIMMVice President of Independent Mining Consultants, Inc. and independent of Minaurum. Mr. Hester is a Qualified Person as defined in NI 43-101.”

Metal Equivalent Opaquepositive · Story-specific tag

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: The metal equivalent grade is reported with detailed assumptions for metal prices, recoveries, and refinery payables.

Evidence · text

“Weight-averaged silver-equivalent ("AgEq") grades are based on the October 1, 2025 long-term CIBC Global Mining Group Analyst Consensus Commodity Price Forecast, using metal prices of US$29.73/oz Ag, US$2,646/oz Au, US$4.34/lb Cu, US$0.92/lb Pb, and US$1.21/lb Zn. Metal recovery assumptions, based on comparable projects, are 88.3% Ag, 75.0% Au, 75.5% Cu, 83.1% Pb, and 75.5% Zn. Assumed refinery payables are 95% Ag, 95% Au, 96.5% Cu, 95% Pb, and 85% Zn.”

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: The resource estimate clearly states a cut-off grade of 150 g/t AgEq.

Evidence · text

“The Resource Estimate is reported at a cut-off grade of 150 g/t AgEq.”

All Inferrednegative

M&I share below the weak bound — very early stage, no engineering confidence.

Why it applies: The document explicitly states that the resource estimate is 'entirely classified as Inferred Mineral Resources'.

Evidence · text

“The Resource Estimate is entirely classified as Inferred Mineral Resources.”

Extracted facts

Stored fact records: 80. Some facts used in scoring do not have a stored record.

Resource Estimates (80)

inferredAlamos Silver Project · silverTonnes: 1835000Grade: 138Grade Unit: g/tContained Metal: 8142Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:e5ddbb0556526c2346de
Deposit or zone
Veta Grande
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1835000
Grade
138
Grade Unit
g/t
Contained Metal
8142
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
281
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Veta Grande zone, contributing significantly to the overall project.

Positive factors

  • Maiden Resource
  • High Grade
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“138”

Context: 1,835

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · goldTonnes: 1835000Grade: 0.31Grade Unit: g/tContained Metal: 17.99Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:e5ddbb0556526c2346de
Deposit or zone
Veta Grande
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1835000
Grade
0.31
Grade Unit
g/t
Contained Metal
17.99
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
281
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Gold is a byproduct in the Veta Grande zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.31”

Context: 1,835

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · copperTonnes: 1835000Grade: 0.4Grade Unit: %Contained Metal: 16060Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
copper
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:e5ddbb0556526c2346de
Deposit or zone
Veta Grande
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1835000
Grade
0.4
Grade Unit
%
Contained Metal
16060
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
281
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Copper is a byproduct in the Veta Grande zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.40”

Context: 1,835

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · leadTonnes: 1835000Grade: 1.11Grade Unit: %Contained Metal: 44904Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
lead
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:e5ddbb0556526c2346de
Deposit or zone
Veta Grande
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1835000
Grade
1.11
Grade Unit
%
Contained Metal
44904
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
281
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Lead is a byproduct in the Veta Grande zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“1.11”

Context: 1,835

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · zincTonnes: 1835000Grade: 2.8Grade Unit: %Contained Metal: 113272Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
zinc
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:e5ddbb0556526c2346de
Deposit or zone
Veta Grande
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1835000
Grade
2.8
Grade Unit
%
Contained Metal
113272
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
281
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Zinc is a byproduct in the Veta Grande zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“2.80”

Context: 1,835

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · silverTonnes: 124000Grade: 92Grade Unit: g/tContained Metal: 365Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:4e4612901d2cc991d4dc
Deposit or zone
Veta Guijas
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
124000
Grade
92
Grade Unit
g/t
Contained Metal
365
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
202
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: This is a silver component of the maiden Inferred resource for the Veta Guijas zone, contributing to the overall project.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“92”

Context: 124

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · goldTonnes: 124000Grade: 0.17Grade Unit: g/tContained Metal: 0.67Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:4e4612901d2cc991d4dc
Deposit or zone
Veta Guijas
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
124000
Grade
0.17
Grade Unit
g/t
Contained Metal
0.67
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
202
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Gold is a byproduct in the Veta Guijas zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.17”

Context: 124

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · copperTonnes: 124000Grade: 0.45Grade Unit: %Contained Metal: 1230Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
copper
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:4e4612901d2cc991d4dc
Deposit or zone
Veta Guijas
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
124000
Grade
0.45
Grade Unit
%
Contained Metal
1230
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
202
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Copper is a byproduct in the Veta Guijas zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.45”

Context: 124

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · leadTonnes: 124000Grade: 0.89Grade Unit: %Contained Metal: 2433Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
lead
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:4e4612901d2cc991d4dc
Deposit or zone
Veta Guijas
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
124000
Grade
0.89
Grade Unit
%
Contained Metal
2433
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
202
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Lead is a byproduct in the Veta Guijas zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.89”

Context: 124

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · zincTonnes: 124000Grade: 1.82Grade Unit: %Contained Metal: 4975Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
zinc
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:4e4612901d2cc991d4dc
Deposit or zone
Veta Guijas
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
124000
Grade
1.82
Grade Unit
%
Contained Metal
4975
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
202
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Zinc is a byproduct in the Veta Guijas zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“1.82”

Context: 124

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · silverTonnes: 561000Grade: 136Grade Unit: g/tContained Metal: 2448Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:2f2e59b81adc361d4b3f
Deposit or zone
Vela El Cien
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
561000
Grade
136
Grade Unit
g/t
Contained Metal
2448
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
299
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Vela El Cien zone, contributing significantly to the overall project.

Positive factors

  • Maiden Resource
  • High Grade
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“136”

Context: 561

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · goldTonnes: 561000Grade: 0.49Grade Unit: g/tContained Metal: 8.77Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:2f2e59b81adc361d4b3f
Deposit or zone
Vela El Cien
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
561000
Grade
0.49
Grade Unit
g/t
Contained Metal
8.77
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
299
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Gold is a byproduct in the Vela El Cien zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.49”

Context: 561

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · copperTonnes: 561000Grade: 0.42Grade Unit: %Contained Metal: 5182Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
copper
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:2f2e59b81adc361d4b3f
Deposit or zone
Vela El Cien
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
561000
Grade
0.42
Grade Unit
%
Contained Metal
5182
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
299
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Copper is a byproduct in the Vela El Cien zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.42”

Context: 561

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · leadTonnes: 561000Grade: 1.69Grade Unit: %Contained Metal: 20902Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
lead
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:2f2e59b81adc361d4b3f
Deposit or zone
Vela El Cien
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
561000
Grade
1.69
Grade Unit
%
Contained Metal
20902
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
299
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Lead is a byproduct in the Vela El Cien zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“1.69”

Context: 561

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · zincTonnes: 561000Grade: 2.34Grade Unit: %Contained Metal: 28941Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
zinc
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:2f2e59b81adc361d4b3f
Deposit or zone
Vela El Cien
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
561000
Grade
2.34
Grade Unit
%
Contained Metal
28941
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
299
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Zinc is a byproduct in the Vela El Cien zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“2.34”

Context: 561

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · silverTonnes: 152000Grade: 159Grade Unit: g/tContained Metal: 777Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:7cc92c13710618c34b66
Deposit or zone
Vela El Cien HW
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
152000
Grade
159
Grade Unit
g/t
Contained Metal
777
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
283
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Vela El Cien HW zone, contributing to the overall project.

Positive factors

  • Maiden Resource
  • High Grade
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“159”

Context: 152

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · goldTonnes: 152000Grade: 0.07Grade Unit: g/tContained Metal: 0.33Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:7cc92c13710618c34b66
Deposit or zone
Vela El Cien HW
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
152000
Grade
0.07
Grade Unit
g/t
Contained Metal
0.33
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
283
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Gold is a byproduct in the Vela El Cien HW zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.07”

Context: 152

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · copperTonnes: 152000Grade: 0.32Grade Unit: %Contained Metal: 1059Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
copper
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:7cc92c13710618c34b66
Deposit or zone
Vela El Cien HW
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
152000
Grade
0.32
Grade Unit
%
Contained Metal
1059
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
283
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Copper is a byproduct in the Vela El Cien HW zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.32”

Context: 152

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · leadTonnes: 152000Grade: 1.36Grade Unit: %Contained Metal: 4557Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
lead
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:7cc92c13710618c34b66
Deposit or zone
Vela El Cien HW
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
152000
Grade
1.36
Grade Unit
%
Contained Metal
4557
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
283
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Lead is a byproduct in the Vela El Cien HW zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“1.36”

Context: 152

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · zincTonnes: 152000Grade: 2.98Grade Unit: %Contained Metal: 9986Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
zinc
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:7cc92c13710618c34b66
Deposit or zone
Vela El Cien HW
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
152000
Grade
2.98
Grade Unit
%
Contained Metal
9986
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
283
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Zinc is a byproduct in the Vela El Cien HW zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“2.98”

Context: 152

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · silverTonnes: 186000Grade: 218Grade Unit: g/tContained Metal: 1302Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:43609d147f7ba7d5c6bb
Deposit or zone
Veta Oeste
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
186000
Grade
218
Grade Unit
g/t
Contained Metal
1302
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
379
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Veta Oeste zone, contributing significantly to the overall project.

Positive factors

  • Maiden Resource
  • High Grade
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“218”

Context: 186

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · goldTonnes: 186000Grade: 0.45Grade Unit: g/tContained Metal: 2.7Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:43609d147f7ba7d5c6bb
Deposit or zone
Veta Oeste
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
186000
Grade
0.45
Grade Unit
g/t
Contained Metal
2.7
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
379
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Gold is a byproduct in the Veta Oeste zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.45”

Context: 186

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · copperTonnes: 186000Grade: 0.23Grade Unit: %Contained Metal: 955Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
copper
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:43609d147f7ba7d5c6bb
Deposit or zone
Veta Oeste
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
186000
Grade
0.23
Grade Unit
%
Contained Metal
955
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
379
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Copper is a byproduct in the Veta Oeste zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.23”

Context: 186

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · leadTonnes: 186000Grade: 1.47Grade Unit: %Contained Metal: 6028Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
lead
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:43609d147f7ba7d5c6bb
Deposit or zone
Veta Oeste
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
186000
Grade
1.47
Grade Unit
%
Contained Metal
6028
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
379
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Lead is a byproduct in the Veta Oeste zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“1.47”

Context: 186

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · zincTonnes: 186000Grade: 3.37Grade Unit: %Contained Metal: 13819Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
zinc
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:43609d147f7ba7d5c6bb
Deposit or zone
Veta Oeste
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
186000
Grade
3.37
Grade Unit
%
Contained Metal
13819
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
379
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Zinc is a byproduct in the Veta Oeste zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“3.37”

Context: 186

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · silverTonnes: 373000Grade: 125Grade Unit: g/tContained Metal: 1499Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:a55f3e0b1c42c59a1c3e
Deposit or zone
Travesia
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
373000
Grade
125
Grade Unit
g/t
Contained Metal
1499
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
187
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: This is a silver component of the maiden Inferred resource for the Travesia zone, contributing to the overall project.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“125”

Context: 373

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · goldTonnes: 373000Grade: 0.12Grade Unit: g/tContained Metal: 1.39Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:a55f3e0b1c42c59a1c3e
Deposit or zone
Travesia
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
373000
Grade
0.12
Grade Unit
g/t
Contained Metal
1.39
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
187
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Gold is a byproduct in the Travesia zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.12”

Context: 373

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · copperTonnes: 373000Grade: 0.36Grade Unit: %Contained Metal: 2944Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
copper
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:a55f3e0b1c42c59a1c3e
Deposit or zone
Travesia
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
373000
Grade
0.36
Grade Unit
%
Contained Metal
2944
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
187
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Copper is a byproduct in the Travesia zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.36”

Context: 373

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · leadTonnes: 373000Grade: 0.52Grade Unit: %Contained Metal: 4276Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
lead
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:a55f3e0b1c42c59a1c3e
Deposit or zone
Travesia
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
373000
Grade
0.52
Grade Unit
%
Contained Metal
4276
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
187
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Lead is a byproduct in the Travesia zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.52”

Context: 373

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · zincTonnes: 373000Grade: 0.49Grade Unit: %Contained Metal: 4029Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
zinc
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:a55f3e0b1c42c59a1c3e
Deposit or zone
Travesia
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
373000
Grade
0.49
Grade Unit
%
Contained Metal
4029
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
187
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Zinc is a byproduct in the Travesia zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.49”

Context: 373

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · silverTonnes: 3231000Grade: 140Grade Unit: g/tContained Metal: 14532Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:60f4130505a62d2a1e83
Deposit or zone
Promontorio/Total
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
3231000
Grade
140
Grade Unit
g/t
Contained Metal
14532
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
276
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Promontorio/Total zone, contributing significantly to the overall project.

Positive factors

  • Maiden Resource
  • High Grade
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“140”

Context: 3,231

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · goldTonnes: 3231000Grade: 0.31Grade Unit: g/tContained Metal: 31.86Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:60f4130505a62d2a1e83
Deposit or zone
Promontorio/Total
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
3231000
Grade
0.31
Grade Unit
g/t
Contained Metal
31.86
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
276
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Gold is a byproduct in the Promontorio/Total zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.31”

Context: 3,231

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · copperTonnes: 3231000Grade: 0.39Grade Unit: %Contained Metal: 27431Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
copper
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:60f4130505a62d2a1e83
Deposit or zone
Promontorio/Total
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
3231000
Grade
0.39
Grade Unit
%
Contained Metal
27431
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
276
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Copper is a byproduct in the Promontorio/Total zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.39”

Context: 3,231

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · leadTonnes: 3231000Grade: 1.17Grade Unit: %Contained Metal: 83100Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
lead
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:60f4130505a62d2a1e83
Deposit or zone
Promontorio/Total
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
3231000
Grade
1.17
Grade Unit
%
Contained Metal
83100
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
276
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Lead is a byproduct in the Promontorio/Total zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“1.17”

Context: 3,231

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · zincTonnes: 3231000Grade: 2.46Grade Unit: %Contained Metal: 175023Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
zinc
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:60f4130505a62d2a1e83
Deposit or zone
Promontorio/Total
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
3231000
Grade
2.46
Grade Unit
%
Contained Metal
175023
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
276
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Zinc is a byproduct in the Promontorio/Total zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“2.46”

Context: 3,231

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · silverTonnes: 1426000Grade: 306Grade Unit: g/tContained Metal: 14006Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:9c80496699bc411bd812
Deposit or zone
Europa
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1426000
Grade
306
Grade Unit
g/t
Contained Metal
14006
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
402
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Europa zone, contributing significantly to the overall project.

Positive factors

  • Maiden Resource
  • High Grade
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“306”

Context: 1,426

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · goldTonnes: 1426000Grade: 0.06Grade Unit: g/tContained Metal: 2.57Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:9c80496699bc411bd812
Deposit or zone
Europa
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1426000
Grade
0.06
Grade Unit
g/t
Contained Metal
2.57
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
402
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Gold is a byproduct in the Europa zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.06”

Context: 1,426

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · copperTonnes: 1426000Grade: 0.54Grade Unit: %Contained Metal: 16882Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
copper
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:9c80496699bc411bd812
Deposit or zone
Europa
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1426000
Grade
0.54
Grade Unit
%
Contained Metal
16882
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
402
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Copper is a byproduct in the Europa zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.54”

Context: 1,426

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · leadTonnes: 1426000Grade: 0.75Grade Unit: %Contained Metal: 23578Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
lead
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:9c80496699bc411bd812
Deposit or zone
Europa
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1426000
Grade
0.75
Grade Unit
%
Contained Metal
23578
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
402
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Lead is a byproduct in the Europa zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.75”

Context: 1,426

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · zincTonnes: 1426000Grade: 1.41Grade Unit: %Contained Metal: 44327Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
zinc
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:9c80496699bc411bd812
Deposit or zone
Europa
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
1426000
Grade
1.41
Grade Unit
%
Contained Metal
44327
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
402
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Zinc is a byproduct in the Europa zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“1.41”

Context: 1,426

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · silverTonnes: 409000Grade: 274Grade Unit: g/tContained Metal: 3604Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:55618cb6fa417c41b87f
Deposit or zone
Europa HW
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
409000
Grade
274
Grade Unit
g/t
Contained Metal
3604
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
351
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Europa HW zone, contributing significantly to the overall project.

Positive factors

  • Maiden Resource
  • High Grade
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“274”

Context: 409

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · goldTonnes: 409000Grade: 0.07Grade Unit: g/tContained Metal: 0.87Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:55618cb6fa417c41b87f
Deposit or zone
Europa HW
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
409000
Grade
0.07
Grade Unit
g/t
Contained Metal
0.87
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
351
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Gold is a byproduct in the Europa HW zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.07”

Context: 409

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · copperTonnes: 409000Grade: 0.48Grade Unit: %Contained Metal: 4355Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
copper
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:55618cb6fa417c41b87f
Deposit or zone
Europa HW
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
409000
Grade
0.48
Grade Unit
%
Contained Metal
4355
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
351
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Copper is a byproduct in the Europa HW zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.48”

Context: 409

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · leadTonnes: 409000Grade: 0.38Grade Unit: %Contained Metal: 3426Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
lead
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:55618cb6fa417c41b87f
Deposit or zone
Europa HW
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
409000
Grade
0.38
Grade Unit
%
Contained Metal
3426
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
351
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Lead is a byproduct in the Europa HW zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.38”

Context: 409

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · zincTonnes: 409000Grade: 1.03Grade Unit: %Contained Metal: 9287Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
zinc
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:55618cb6fa417c41b87f
Deposit or zone
Europa HW
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
409000
Grade
1.03
Grade Unit
%
Contained Metal
9287
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
351
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Zinc is a byproduct in the Europa HW zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“1.03”

Context: 409

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · silverTonnes: 51000Grade: 167Grade Unit: g/tContained Metal: 274Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:fdb3a0f8aa3b62f03e3c
Deposit or zone
Europa HW2
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
51000
Grade
167
Grade Unit
g/t
Contained Metal
274
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
242
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Europa HW2 zone, contributing to the overall project.

Positive factors

  • Maiden Resource
  • High Grade
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“167”

Context: 51

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · goldTonnes: 51000Grade: 0.02Grade Unit: g/tContained Metal: 0.03Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:fdb3a0f8aa3b62f03e3c
Deposit or zone
Europa HW2
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
51000
Grade
0.02
Grade Unit
g/t
Contained Metal
0.03
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
242
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Gold is a byproduct in the Europa HW2 zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.02”

Context: 51

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · copperTonnes: 51000Grade: 0.41Grade Unit: %Contained Metal: 462Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
copper
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:fdb3a0f8aa3b62f03e3c
Deposit or zone
Europa HW2
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
51000
Grade
0.41
Grade Unit
%
Contained Metal
462
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
242
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Copper is a byproduct in the Europa HW2 zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.41”

Context: 51

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · leadTonnes: 51000Grade: 0.72Grade Unit: %Contained Metal: 810Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
lead
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:fdb3a0f8aa3b62f03e3c
Deposit or zone
Europa HW2
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
51000
Grade
0.72
Grade Unit
%
Contained Metal
810
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
242
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Lead is a byproduct in the Europa HW2 zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.72”

Context: 51

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · zincTonnes: 51000Grade: 1.1Grade Unit: %Contained Metal: 1237Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
zinc
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:fdb3a0f8aa3b62f03e3c
Deposit or zone
Europa HW2
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
51000
Grade
1.1
Grade Unit
%
Contained Metal
1237
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
242
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Zinc is a byproduct in the Europa HW2 zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“1.10”

Context: 51

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · silverTonnes: 45000Grade: 244Grade Unit: g/tContained Metal: 353Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:19b46e0ec0da68db682d
Deposit or zone
Europa HW3
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
45000
Grade
244
Grade Unit
g/t
Contained Metal
353
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
308
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Europa HW3 zone, contributing to the overall project.

Positive factors

  • Maiden Resource
  • High Grade
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“244”

Context: 45

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · goldTonnes: 45000Grade: 0.01Grade Unit: g/tContained Metal: 0.01Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:19b46e0ec0da68db682d
Deposit or zone
Europa HW3
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
45000
Grade
0.01
Grade Unit
g/t
Contained Metal
0.01
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
308
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Gold is a byproduct in the Europa HW3 zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.01”

Context: 45

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · copperTonnes: 45000Grade: 0.37Grade Unit: %Contained Metal: 370Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
copper
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:19b46e0ec0da68db682d
Deposit or zone
Europa HW3
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
45000
Grade
0.37
Grade Unit
%
Contained Metal
370
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
308
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Copper is a byproduct in the Europa HW3 zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.37”

Context: 45

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · leadTonnes: 45000Grade: 0.64Grade Unit: %Contained Metal: 635Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
lead
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:19b46e0ec0da68db682d
Deposit or zone
Europa HW3
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
45000
Grade
0.64
Grade Unit
%
Contained Metal
635
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
308
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Lead is a byproduct in the Europa HW3 zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.64”

Context: 45

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · zincTonnes: 45000Grade: 0.88Grade Unit: %Contained Metal: 873Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
zinc
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:19b46e0ec0da68db682d
Deposit or zone
Europa HW3
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
45000
Grade
0.88
Grade Unit
%
Contained Metal
873
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
308
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Zinc is a byproduct in the Europa HW3 zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.88”

Context: 45

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · silverTonnes: 32000Grade: 502Grade Unit: g/tContained Metal: 517Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:021f3676a76df8989bf4
Deposit or zone
Europa HW4
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
32000
Grade
502
Grade Unit
g/t
Contained Metal
517
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
667
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Europa HW4 zone, contributing significantly to the overall project.

Positive factors

  • Maiden Resource
  • High Grade
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“502”

Context: 32

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · goldTonnes: 32000Grade: 0.02Grade Unit: g/tContained Metal: 0.02Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:021f3676a76df8989bf4
Deposit or zone
Europa HW4
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
32000
Grade
0.02
Grade Unit
g/t
Contained Metal
0.02
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
667
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Gold is a byproduct in the Europa HW4 zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.02”

Context: 32

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · copperTonnes: 32000Grade: 0.26Grade Unit: %Contained Metal: 184Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
copper
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:021f3676a76df8989bf4
Deposit or zone
Europa HW4
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
32000
Grade
0.26
Grade Unit
%
Contained Metal
184
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
667
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Copper is a byproduct in the Europa HW4 zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.26”

Context: 32

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · leadTonnes: 32000Grade: 2.05Grade Unit: %Contained Metal: 1446Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
lead
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:021f3676a76df8989bf4
Deposit or zone
Europa HW4
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
32000
Grade
2.05
Grade Unit
%
Contained Metal
1446
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
667
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Lead is a byproduct in the Europa HW4 zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“2.05”

Context: 32

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · zincTonnes: 32000Grade: 4.69Grade Unit: %Contained Metal: 3309Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
zinc
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:021f3676a76df8989bf4
Deposit or zone
Europa HW4
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
32000
Grade
4.69
Grade Unit
%
Contained Metal
3309
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
667
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Zinc is a byproduct in the Europa HW4 zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“4.69”

Context: 32

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · silverTonnes: 53000Grade: 358Grade Unit: g/tContained Metal: 611Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:e6d150fe67f658aa4cbc
Deposit or zone
Nuevas Europa
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
53000
Grade
358
Grade Unit
g/t
Contained Metal
611
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
428
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Nuevas Europa zone, contributing significantly to the overall project.

Positive factors

  • Maiden Resource
  • High Grade
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“358”

Context: 53

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · goldTonnes: 53000Grade: 0.03Grade Unit: g/tContained Metal: 0.05Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:e6d150fe67f658aa4cbc
Deposit or zone
Nuevas Europa
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
53000
Grade
0.03
Grade Unit
g/t
Contained Metal
0.05
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
428
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Gold is a byproduct in the Nuevas Europa zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.03”

Context: 53

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · copperTonnes: 53000Grade: 0.39Grade Unit: %Contained Metal: 456Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
copper
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:e6d150fe67f658aa4cbc
Deposit or zone
Nuevas Europa
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
53000
Grade
0.39
Grade Unit
%
Contained Metal
456
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
428
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Copper is a byproduct in the Nuevas Europa zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.39”

Context: 53

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · leadTonnes: 53000Grade: 0.62Grade Unit: %Contained Metal: 724Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
lead
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:e6d150fe67f658aa4cbc
Deposit or zone
Nuevas Europa
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
53000
Grade
0.62
Grade Unit
%
Contained Metal
724
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
428
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Lead is a byproduct in the Nuevas Europa zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.62”

Context: 53

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · zincTonnes: 53000Grade: 0.98Grade Unit: %Contained Metal: 1145Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
zinc
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:e6d150fe67f658aa4cbc
Deposit or zone
Nuevas Europa
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
53000
Grade
0.98
Grade Unit
%
Contained Metal
1145
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
428
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Zinc is a byproduct in the Nuevas Europa zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.98”

Context: 53

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · silverTonnes: 119000Grade: 238Grade Unit: g/tContained Metal: 909Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:ccbe6505a24104a8c0d6
Deposit or zone
Nuevas Europa HW
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
119000
Grade
238
Grade Unit
g/t
Contained Metal
909
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
300
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Nuevas Europa HW zone, contributing significantly to the overall project.

Positive factors

  • Maiden Resource
  • High Grade
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“238”

Context: 119

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · goldTonnes: 119000Grade: 0.06Grade Unit: g/tContained Metal: 0.24Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:ccbe6505a24104a8c0d6
Deposit or zone
Nuevas Europa HW
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
119000
Grade
0.06
Grade Unit
g/t
Contained Metal
0.24
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
300
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Gold is a byproduct in the Nuevas Europa HW zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.06”

Context: 119

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · copperTonnes: 119000Grade: 0.32Grade Unit: %Contained Metal: 845Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
copper
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:ccbe6505a24104a8c0d6
Deposit or zone
Nuevas Europa HW
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
119000
Grade
0.32
Grade Unit
%
Contained Metal
845
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
300
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Copper is a byproduct in the Nuevas Europa HW zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.32”

Context: 119

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · leadTonnes: 119000Grade: 0.4Grade Unit: %Contained Metal: 1049Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
lead
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:ccbe6505a24104a8c0d6
Deposit or zone
Nuevas Europa HW
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
119000
Grade
0.4
Grade Unit
%
Contained Metal
1049
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
300
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Lead is a byproduct in the Nuevas Europa HW zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.40”

Context: 119

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · zincTonnes: 119000Grade: 0.99Grade Unit: %Contained Metal: 2597Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
zinc
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:ccbe6505a24104a8c0d6
Deposit or zone
Nuevas Europa HW
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
119000
Grade
0.99
Grade Unit
%
Contained Metal
2597
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
300
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Zinc is a byproduct in the Nuevas Europa HW zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.99”

Context: 119

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · silverTonnes: 2135000Grade: 295Grade Unit: g/tContained Metal: 20274Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:5850c92c0f32ad7aafbb
Deposit or zone
Europa/Total
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
2135000
Grade
295
Grade Unit
g/t
Contained Metal
20274
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
386
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: This is a high-grade silver component of the maiden Inferred resource for the Europa/Total zone, contributing significantly to the overall project.

Positive factors

  • Maiden Resource
  • High Grade
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“295”

Context: 2,135

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · goldTonnes: 2135000Grade: 0.06Grade Unit: g/tContained Metal: 3.78Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:5850c92c0f32ad7aafbb
Deposit or zone
Europa/Total
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
2135000
Grade
0.06
Grade Unit
g/t
Contained Metal
3.78
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
386
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Gold is a byproduct in the Europa/Total zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.06”

Context: 2,135

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · copperTonnes: 2135000Grade: 0.5Grade Unit: %Contained Metal: 23554Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
copper
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:5850c92c0f32ad7aafbb
Deposit or zone
Europa/Total
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
2135000
Grade
0.5
Grade Unit
%
Contained Metal
23554
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
386
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Copper is a byproduct in the Europa/Total zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.50”

Context: 2,135

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · leadTonnes: 2135000Grade: 0.67Grade Unit: %Contained Metal: 31669Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
lead
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:5850c92c0f32ad7aafbb
Deposit or zone
Europa/Total
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
2135000
Grade
0.67
Grade Unit
%
Contained Metal
31669
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
386
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Lead is a byproduct in the Europa/Total zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.67”

Context: 2,135

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · zincTonnes: 2135000Grade: 1.33Grade Unit: %Contained Metal: 62775Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
zinc
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:5850c92c0f32ad7aafbb
Deposit or zone
Europa/Total
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
2135000
Grade
1.33
Grade Unit
%
Contained Metal
62775
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
386
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Zinc is a byproduct in the Europa/Total zone of the maiden Inferred resource, contributing to the overall AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“1.33”

Context: 2,135

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · silverTonnes: 5366000Grade: 202Grade Unit: g/tContained Metal: 34806Contained Unit: kozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
silver
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:f5fcd3e552a4dfb2e134
Deposit or zone
Grand Total
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
5366000
Grade
202
Grade Unit
g/t
Contained Metal
34806
Contained Unit
koz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
320
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: This is the overall high-grade silver component of the maiden Inferred resource for the Alamos Silver Project.

Positive factors

  • Maiden Resource
  • High Grade
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“202”

Context: 5,366

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · goldTonnes: 5366000Grade: 0.21Grade Unit: g/tContained Metal: 35640Contained Unit: ozView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
gold
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:f5fcd3e552a4dfb2e134
Deposit or zone
Grand Total
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
5366000
Grade
0.21
Grade Unit
g/t
Contained Metal
35640
Contained Unit
oz
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
320
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Gold is a byproduct in the overall maiden Inferred resource for the Alamos Silver Project, contributing to the AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.21”

Context: 5,366

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · copperTonnes: 5366000Grade: 0.43Grade Unit: %Contained Metal: 50985Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
copper
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:f5fcd3e552a4dfb2e134
Deposit or zone
Grand Total
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
5366000
Grade
0.43
Grade Unit
%
Contained Metal
50985
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
320
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Copper is a byproduct in the overall maiden Inferred resource for the Alamos Silver Project, contributing to the AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.43”

Context: 5,366

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · leadTonnes: 5366000Grade: 0.97Grade Unit: %Contained Metal: 114769Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
lead
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:f5fcd3e552a4dfb2e134
Deposit or zone
Grand Total
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
5366000
Grade
0.97
Grade Unit
%
Contained Metal
114769
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
320
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Lead is a byproduct in the overall maiden Inferred resource for the Alamos Silver Project, contributing to the AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“0.97”

Context: 5,366

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

inferredAlamos Silver Project · zincTonnes: 5366000Grade: 2.01Grade Unit: %Contained Metal: 237798Contained Unit: klbsView all details
Link to this fact

Identity

Project
Alamos Silver Project
Commodity
zinc
Region
mexico
Reported Region
Sonora, Mexico
Ticker
MGG

Resource scope

Estimate type
resource
Effective date
2026-01-08T00:00:00.000Z
Reporting standards
ni_43_101, other
QP Signed
Yes
Qualified person names
Michael G. Hester
Resource group id
resource:f5fcd3e552a4dfb2e134
Deposit or zone
Grand Total
Mining method
underground
Ownership percent
100 %
Resource basis
gross

Resource Data

Category
inferred
Tonnes
5366000
Grade
2.01
Grade Unit
%
Contained Metal
237798
Contained Unit
klbs
Cutoff Grade
150
Cutoff Unit
g/t AgEq

Prior Estimate

Resource Date
2026-01-08

Metal Equivalent

Metal Eq. Grade
320
Metal Eq. Unit
g/t AgEq
Assumptions Disclosed
Yes

Lab

Laboratory
ALS Chemex and ActLabs

Review

Needs Review
No
Historical
No

Dates

Event date
2026-01-28T00:00:00.000Z

Reasoning: Zinc is a byproduct in the overall maiden Inferred resource for the Alamos Silver Project, contributing to the AgEq grade.

Positive factors

  • Maiden Resource
  • NI 43-101 Compliant
  • QP Signed
  • Metal Equivalent Assumptions Disclosed
  • Cut-off Disclosed

Negative factors

  • All Inferred

Evidence · table

“2.01”

Context: 5,366

Tags used in scoring

Inferred Resourcenegative

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

Why it applies: category is "inferred"

Cut-off Disclosedpositive

Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.

Why it applies: cutoff_grade is stated

QP/CP Signedpositive

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

Why it applies: qp_signed is true

NI 43-101 Compliantpositive

Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.

Why it applies: reporting_standards includes ni_43_101

Resource Updateneutral

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

Why it applies: the release compares against a previous estimate

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.