Panoro Minerals Ltd. Announces Receipt of US$5.2 Million
Original announcement by tmx on
- Company
- Panoro Minerals Ltd.
- Ticker
- PML
- Exchange
- TSX
- Region
- Apurimac, Peru
- Primary commodity
- Copper
- Secondary commodities
- Gold, Silver, Molybdenum
- Document categories
- Resource update, Agreement transaction
- Extracted
- 2026-09-14 18:40:08 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Panoro Minerals has received a US$5.2 million payment from a non-core asset sale, which will fund an expanded 45,000 m drilling program at the Cotabambas Project in Peru. The company also detailed its existing mineral resource, which includes significant copper, gold, and silver components.
Reasoning: The company received a significant cash payment from a non-core asset sale to fund exploration, while also restating its substantial copper-gold-silver resource.
Positive factors
- Receipt of US$5.2 million cash payment
- Contingent payments tied to project NPV milestones
- Expansion of drilling program to 45,000 m
- Significant existing mineral resource base
Negative factors
- Contingent payments are subject to future NPV thresholds
Facts used in scoring: 14
Classification and evidence
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document restates the mineral resource for the Cotabambas Project.
Evidence · text
“Indicated Mineral Resources of 507.3 million tonnes”
Extracted facts
Stored fact records: 14. Some facts used in scoring do not have a stored record.
Resource Estimates (14)
indicatedCotabambas · copperTonnes: 507300000Grade: 0.33Grade Unit: %View all detailsHide details
Identity
- Project
- Cotabambas
- Commodity
- copper
- Region
- peru
- Reported Region
- Apurimac, Peru
- Ticker
- PML
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:0d4bb1f809f136c73b28
- Deposit or zone
- Cotabambas
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 507300000
- Grade
- 0.33
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2023-11-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-22T00:00:00.000Z
Reasoning: Standard indicated resource component of the project.
Evidence · text
“Indicated Mineral Resources of 507.3 million tonnes grading 0.33% copper”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.6 years before this release
indicatedCotabambas · goldTonnes: 507300000Grade: 0.2Grade Unit: g/tView all detailsHide details
Identity
- Project
- Cotabambas
- Commodity
- gold
- Region
- peru
- Reported Region
- Apurimac, Peru
- Ticker
- PML
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:0d4bb1f809f136c73b28
- Deposit or zone
- Cotabambas
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 507300000
- Grade
- 0.2
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2023-11-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-22T00:00:00.000Z
Reasoning: Standard indicated resource component of the project.
Evidence · text
“0.20 g/t gold”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.6 years before this release
indicatedCotabambas · silverTonnes: 507300000Grade: 2.42Grade Unit: g/tView all detailsHide details
Identity
- Project
- Cotabambas
- Commodity
- silver
- Region
- peru
- Reported Region
- Apurimac, Peru
- Ticker
- PML
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:0d4bb1f809f136c73b28
- Deposit or zone
- Cotabambas
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 507300000
- Grade
- 2.42
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2023-11-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-22T00:00:00.000Z
Reasoning: Standard indicated resource component of the project.
Evidence · text
“2.42 g/t silver”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.6 years before this release
indicatedCotabambas · molybdenumTonnes: 507300000Grade: 0.0021Grade Unit: %View all detailsHide details
Identity
- Project
- Cotabambas
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Apurimac, Peru
- Ticker
- PML
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:0d4bb1f809f136c73b28
- Deposit or zone
- Cotabambas
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 507300000
- Grade
- 0.0021
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2023-11-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-22T00:00:00.000Z
Reasoning: Trace molybdenum component of the indicated resource.
Evidence · text
“0.0021% molybdenum”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.6 years before this release
inferredCotabambas · copperTonnes: 496000000Grade: 0.27Grade Unit: %View all detailsHide details
Identity
- Project
- Cotabambas
- Commodity
- copper
- Region
- peru
- Reported Region
- Apurimac, Peru
- Ticker
- PML
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:b6d8e323be2119c985c6
- Deposit or zone
- Cotabambas
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 496000000
- Grade
- 0.27
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2023-11-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-22T00:00:00.000Z
Reasoning: Inferred resource component.
Evidence · text
“Inferred Mineral Resources of 496.0 million tonnes grading 0.27% copper”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.6 years before this release
inferredCotabambas · goldTonnes: 496000000Grade: 0.17Grade Unit: g/tView all detailsHide details
Identity
- Project
- Cotabambas
- Commodity
- gold
- Region
- peru
- Reported Region
- Apurimac, Peru
- Ticker
- PML
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:b6d8e323be2119c985c6
- Deposit or zone
- Cotabambas
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 496000000
- Grade
- 0.17
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2023-11-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-22T00:00:00.000Z
Reasoning: Inferred resource component.
Evidence · text
“0.17 g/t gold”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.6 years before this release
inferredCotabambas · silverTonnes: 496000000Grade: 2.53Grade Unit: g/tView all detailsHide details
Identity
- Project
- Cotabambas
- Commodity
- silver
- Region
- peru
- Reported Region
- Apurimac, Peru
- Ticker
- PML
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:b6d8e323be2119c985c6
- Deposit or zone
- Cotabambas
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 496000000
- Grade
- 2.53
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2023-11-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-22T00:00:00.000Z
Reasoning: Inferred resource component.
Evidence · text
“2.53 g/t silver”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.6 years before this release
inferredCotabambas · molybdenumTonnes: 496000000Grade: 0.0027Grade Unit: %View all detailsHide details
Identity
- Project
- Cotabambas
- Commodity
- molybdenum
- Region
- peru
- Reported Region
- Apurimac, Peru
- Ticker
- PML
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:b6d8e323be2119c985c6
- Deposit or zone
- Cotabambas
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 496000000
- Grade
- 0.0027
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2023-11-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-22T00:00:00.000Z
Reasoning: Trace molybdenum component of the inferred resource.
Evidence · text
“0.0027% molybdenum”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.6 years before this release
indicatedCotabambas · copperTonnes: 129000000Grade: 0.7Grade Unit: %View all detailsHide details
Identity
- Project
- Cotabambas
- Commodity
- copper
- Region
- peru
- Reported Region
- Apurimac, Peru
- Ticker
- PML
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:7efbbc7a550395779902
- Deposit or zone
- higher-grade component
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 129000000
- Grade
- 0.7
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2023-11-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-22T00:00:00.000Z
Reasoning: High-grade component of the indicated resource.
Evidence · text
“Indicated Mineral Resource totals of 129.0 million tonnes grading 0.70% Cu”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.6 years before this release
indicatedCotabambas · goldTonnes: 129000000Grade: 0.44Grade Unit: g/tView all detailsHide details
Identity
- Project
- Cotabambas
- Commodity
- gold
- Region
- peru
- Reported Region
- Apurimac, Peru
- Ticker
- PML
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:7efbbc7a550395779902
- Deposit or zone
- higher-grade component
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 129000000
- Grade
- 0.44
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2023-11-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-22T00:00:00.000Z
Reasoning: High-grade component of the indicated resource.
Evidence · text
“0.44 g/t Au”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.6 years before this release
indicatedCotabambas · silverTonnes: 129000000Grade: 4.12Grade Unit: g/tView all detailsHide details
Identity
- Project
- Cotabambas
- Commodity
- silver
- Region
- peru
- Reported Region
- Apurimac, Peru
- Ticker
- PML
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:7efbbc7a550395779902
- Deposit or zone
- higher-grade component
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 129000000
- Grade
- 4.12
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2023-11-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-22T00:00:00.000Z
Reasoning: High-grade component of the indicated resource.
Evidence · text
“4.12 g/t Ag”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.6 years before this release
inferredCotabambas · copperTonnes: 93100000Grade: 0.59Grade Unit: %View all detailsHide details
Identity
- Project
- Cotabambas
- Commodity
- copper
- Region
- peru
- Reported Region
- Apurimac, Peru
- Ticker
- PML
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:a1c13a946298b4284118
- Deposit or zone
- higher-grade component
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 93100000
- Grade
- 0.59
- Grade Unit
- %
Prior Estimate
- Resource Date
- 2023-11-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-22T00:00:00.000Z
Reasoning: High-grade component of the inferred resource.
Evidence · text
“Inferred resources of an estimated 93.1 million tonnes grading 0.59% Cu”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.6 years before this release
inferredCotabambas · goldTonnes: 93100000Grade: 0.41Grade Unit: g/tView all detailsHide details
Identity
- Project
- Cotabambas
- Commodity
- gold
- Region
- peru
- Reported Region
- Apurimac, Peru
- Ticker
- PML
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:a1c13a946298b4284118
- Deposit or zone
- higher-grade component
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 93100000
- Grade
- 0.41
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2023-11-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-22T00:00:00.000Z
Reasoning: High-grade component of the inferred resource.
Evidence · text
“0.41 g/t Au”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.6 years before this release
inferredCotabambas · silverTonnes: 93100000Grade: 5.31Grade Unit: g/tView all detailsHide details
Identity
- Project
- Cotabambas
- Commodity
- silver
- Region
- peru
- Reported Region
- Apurimac, Peru
- Ticker
- PML
Resource scope
- Estimate type
- resource
- Effective date
- 2023-11-20T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:a1c13a946298b4284118
- Deposit or zone
- higher-grade component
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 93100000
- Grade
- 5.31
- Grade Unit
- g/t
Prior Estimate
- Resource Date
- 2023-11-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-06-22T00:00:00.000Z
Reasoning: High-grade component of the inferred resource.
Evidence · text
“5.31 g/t Ag”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.6 years before this release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.