SSR Mining Reports Full-Year 2025 Results and 2026 Operating Guidance
Original announcement by tmx on
- Company
- SSR Mining
- Ticker
- SSRM
- Exchange
- TSX
- Region
- Unavailable
- Primary commodity
- Gold
- Secondary commodities
- Silver, Lead, Zinc, Copper
- Document categories
- Resource update, Production, Economic study
- Extracted
- 2026-09-19 00:16:23 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
SSR Mining reported strong full-year 2025 results, with gold equivalent production of 447,207 ounces, exceeding guidance. The company also provided 2026 operating guidance, forecasting a 10% increase in gold equivalent ounces to 450,000-535,000 GEOs. Mineral Reserves and Resources saw significant growth, with P+P Reserves increasing by 38% and M&I Resources by 82% year-over-year, largely due to acquisitions and resource development.
Reasoning: The document reports strong full-year 2025 production results, positive 2026 operating guidance with increased gold equivalent production, and significant growth in Mineral Reserves and Resources, largely due to acquisitions and ongoing development. The Hod Maden project also presents compelling economics. However, the ongoing care and maintenance costs at Çöpler and higher-than-expected AISC at Marigold temper the overall positive outlook.
Positive factors
- Significant increase in P+P Mineral Reserves (38% year-over-year) and M&I Resources (82% year-over-year) on a gold equivalent basis, driven by acquisitions and resource development.
- Strong 2025 production exceeding guidance midpoint and robust 2026 production guidance showing a 10% year-over-year increase in gold equivalent ounces.
- Hod Maden project shows strong economics with $1.7B NPV 5% and 39% IRR, de-risked by engineering and site establishment efforts.
Negative factors
- Çöpler mine remains under care and maintenance with significant associated costs, impacting consolidated AISC.
- Marigold's 2025 AISC was above guidance, and 2026 AISC is expected to peak in Q1 due to sustaining capital spend.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 56
Classification and evidence
Tonnage Growthpositive
Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved.
Why it applies: Total P+P Reserves increased by 38% year-over-year to 10,989 koz GEO, and Total M&I Resource increased by 82% year-over-year to 9,548 koz GEO.
Evidence · table
“10,989”
Context: Total P+P Reserves
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides an update on Mineral Reserves and Mineral Resources as of December 31, 2025, including reconciliation with prior year figures.
Evidence · text
“updated Mineral Reserves and Mineral Resources (“MRMR”) as of December 31, 2025”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The scientific and technical information is reviewed and verified by a 'qualified person' under subpart 1 of Regulation S-K 1300, which is comparable to NI 43-101.
Evidence · text
“reviewed and verified by a “qualified person” under subpart 1 of Regulation S-K 1300 (“S-K 1300”).”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The scientific and technical information has been reviewed and verified by a 'qualified person'.
Evidence · text
“reviewed and verified by a “qualified person” under subpart 1 of Regulation S-K 1300”
PEA Onlyneutral · Story-specific tag
Only Class 4 / Initial Assessment economics available. Not bankable.
Why it applies: The Hod Maden project's economics are presented as a Technical Report Summary with NPV and IRR, which is equivalent to a PEA-level study.
Evidence · text
“Technical Report Summary for the Hod Maden development project with a $1.7B NPV 5% and 39% IRR at consensus commodity prices.”
High IRRpositive · Story-specific tag
Post-tax real unlevered IRR in the strong tier or better.
Why it applies: The Hod Maden project reports a 39% IRR, which is in the exceptional tier for economic studies.
Evidence · text
“39% IRR at consensus commodity prices”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: A current resource fact retains the disclosed cut-off grade
Extracted facts
Stored fact records: 35. Some facts used in scoring do not have a stored record.
Resource Estimates (35)
provengoldContained Metal: 10582000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- SSRM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:8f0b6c8515e6a67bbe84
- Deposit or zone
- Total P+P Reserves
- Resource basis
- attributable
Resource Data
- Category
- proven
- Contained Metal
- 10582000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Contained Metal
- 7567000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Total Proven and Probable gold reserves show substantial growth, reflecting successful exploration and M&A activities.
Positive factors
- Significant increase in gold P+P Reserves (40% year-over-year), indicating successful resource development and acquisitions.
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“10,582”
Context: Total P+P Reserves
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 10582000 against 7567000 previously
provensilverContained Metal: 24171000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- SSRM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:8f0b6c8515e6a67bbe84
- Deposit or zone
- Total P+P Reserves
- Resource basis
- attributable
Resource Data
- Category
- proven
- Contained Metal
- 24171000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Contained Metal
- 25640000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Total Proven and Probable silver reserves show a slight decrease, but remain a significant component of the company's portfolio.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Negative factors
- Silver P+P Reserves decreased by 6% year-over-year.
Evidence · table
“24,171”
Context: Total P+P Reserves
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 24171000 against 25640000 previously
provenleadContained Metal: 110000000Contained Unit: lbView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- SSRM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:8f0b6c8515e6a67bbe84
- Deposit or zone
- Total P+P Reserves
- Resource basis
- attributable
Resource Data
- Category
- proven
- Contained Metal
- 110000000
- Contained Unit
- lb
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Contained Metal
- 111000000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Total Proven and Probable lead reserves are reported, showing a minor decrease.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“110”
Context: Total P+P Reserves
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 110000000 against 111000000 previously
provenzincContained Metal: 17000000Contained Unit: lbView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- SSRM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:8f0b6c8515e6a67bbe84
- Deposit or zone
- Total P+P Reserves
- Resource basis
- attributable
Resource Data
- Category
- proven
- Contained Metal
- 17000000
- Contained Unit
- lb
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Contained Metal
- 17000000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Total Proven and Probable zinc reserves are reported, remaining stable year-over-year.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“17”
Context: Total P+P Reserves
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
provencopperContained Metal: 22000000Contained Unit: lbView all detailsHide details
Identity
- Commodity
- copper
- Ticker
- SSRM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:8f0b6c8515e6a67bbe84
- Deposit or zone
- Total P+P Reserves
- Resource basis
- attributable
Resource Data
- Category
- proven
- Contained Metal
- 22000000
- Contained Unit
- lb
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Total Proven and Probable copper reserves are reported, representing a new addition to the reserve base.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“22”
Context: Total P+P Reserves
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
provengoldContained Metal: 10989000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- SSRM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:8f0b6c8515e6a67bbe84
- Deposit or zone
- Total P+P Reserves
- Resource basis
- attributable
Resource Data
- Category
- proven
- Contained Metal
- 10989000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Contained Metal
- 7970000
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Total Proven and Probable gold equivalent reserves show substantial growth, reflecting successful exploration and M&A activities.
Positive factors
- Significant increase in gold equivalent P+P Reserves (38% year-over-year), indicating successful resource development and acquisitions.
- Reporting under S-K 1300 standards provides high confidence.
- Metal equivalent assumptions are disclosed.
Evidence · table
“10,989”
Context: Total P+P Reserves
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 10989000 against 7970000 previously
indicatedgoldContained Metal: 8967000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:da8da0b6a02d19e12c8f
- Deposit or zone
- Total M&I Resource
- Resource basis
- attributable
Resource Data
- Category
- indicated
- Contained Metal
- 8967000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Contained Metal
- 4398000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Total Measured and Indicated gold resources show substantial growth, reflecting successful exploration and M&A activities.
Positive factors
- Significant increase in gold M&I Resources (104% year-over-year), indicating successful resource development and acquisitions.
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“8,967”
Context: Total M&I Resource
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 8967000 against 4398000 previously
indicatedsilverContained Metal: 32698000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:da8da0b6a02d19e12c8f
- Deposit or zone
- Total M&I Resource
- Resource basis
- attributable
Resource Data
- Category
- indicated
- Contained Metal
- 32698000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Contained Metal
- 46354000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Total Measured and Indicated silver resources show a notable decrease, but remain a significant component of the company's portfolio.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Negative factors
- Silver M&I Resources decreased by 29% year-over-year.
Evidence · table
“32,698”
Context: Total M&I Resource
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 32698000 against 46354000 previously
indicatedleadContained Metal: 40000000Contained Unit: lbView all detailsHide details
Identity
- Commodity
- lead
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:da8da0b6a02d19e12c8f
- Deposit or zone
- Total M&I Resource
- Resource basis
- attributable
Resource Data
- Category
- indicated
- Contained Metal
- 40000000
- Contained Unit
- lb
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Contained Metal
- 70000000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Total Measured and Indicated lead resources are reported, showing a decrease.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“40”
Context: Total M&I Resource
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 40000000 against 70000000 previously
indicatedzincContained Metal: 266000000Contained Unit: lbView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:da8da0b6a02d19e12c8f
- Deposit or zone
- Total M&I Resource
- Resource basis
- attributable
Resource Data
- Category
- indicated
- Contained Metal
- 266000000
- Contained Unit
- lb
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Contained Metal
- 341000000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Total Measured and Indicated zinc resources are reported, showing a decrease.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“266”
Context: Total M&I Resource
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 266000000 against 341000000 previously
indicatedcopperContained Metal: 7000000Contained Unit: lbView all detailsHide details
Identity
- Commodity
- copper
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:da8da0b6a02d19e12c8f
- Deposit or zone
- Total M&I Resource
- Resource basis
- attributable
Resource Data
- Category
- indicated
- Contained Metal
- 7000000
- Contained Unit
- lb
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Total Measured and Indicated copper resources are reported, representing a new addition to the resource base.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“7”
Context: Total M&I Resource
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
indicatedgoldContained Metal: 9548000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:da8da0b6a02d19e12c8f
- Deposit or zone
- Total M&I Resource
- Resource basis
- attributable
Resource Data
- Category
- indicated
- Contained Metal
- 9548000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Contained Metal
- 5242000
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Total Measured and Indicated gold equivalent resources show substantial growth, reflecting successful exploration and M&A activities.
Positive factors
- Significant increase in gold equivalent M&I Resources (82% year-over-year), indicating successful resource development and acquisitions.
- Reporting under S-K 1300 standards provides high confidence.
- Metal equivalent assumptions are disclosed.
Evidence · table
“9,548”
Context: Total M&I Resource
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 9548000 against 5242000 previously
inferredgoldContained Metal: 4456000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:6bc51347f18bf14ef31d
- Deposit or zone
- Total Inferred Resource
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Contained Metal
- 4456000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Contained Metal
- 2264000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Total Inferred gold resources show substantial growth, reflecting successful exploration activities and future potential.
Positive factors
- Significant increase in gold Inferred Resources (97% year-over-year), indicating successful exploration.
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“4,456”
Context: Total Inferred Resource
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 4456000 against 2264000 previously
inferredsilverContained Metal: 32272000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- silver
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:6bc51347f18bf14ef31d
- Deposit or zone
- Total Inferred Resource
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Contained Metal
- 32272000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Contained Metal
- 16689000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Total Inferred silver resources show substantial growth, reflecting successful exploration activities and future potential.
Positive factors
- Significant increase in silver Inferred Resources (93% year-over-year), indicating successful exploration.
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“32,272”
Context: Total Inferred Resource
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 32272000 against 16689000 previously
inferredzincContained Metal: 388000000Contained Unit: lbView all detailsHide details
Identity
- Commodity
- zinc
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:6bc51347f18bf14ef31d
- Deposit or zone
- Total Inferred Resource
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Contained Metal
- 388000000
- Contained Unit
- lb
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Contained Metal
- 212000000
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Total Inferred zinc resources show substantial growth, reflecting successful exploration activities and future potential.
Positive factors
- Significant increase in zinc Inferred Resources, indicating successful exploration.
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“388”
Context: Total Inferred Resource
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 388000000 against 212000000 previously
inferredcopperContained Metal: 3000000Contained Unit: lbView all detailsHide details
Identity
- Commodity
- copper
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:6bc51347f18bf14ef31d
- Deposit or zone
- Total Inferred Resource
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Contained Metal
- 3000000
- Contained Unit
- lb
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Total Inferred copper resources are reported, representing a new addition to the resource base.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“3”
Context: Total Inferred Resource
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
inferredgoldContained Metal: 5085000Contained Unit: ozView all detailsHide details
Identity
- Commodity
- gold
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:6bc51347f18bf14ef31d
- Deposit or zone
- Total Inferred Resource
- Resource basis
- attributable
Resource Data
- Category
- inferred
- Contained Metal
- 5085000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Contained Metal
- 2614000
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Total Inferred gold equivalent resources show substantial growth, reflecting successful exploration activities and future potential.
Positive factors
- Significant increase in gold equivalent Inferred Resources (95% year-over-year), indicating successful exploration.
- Reporting under S-K 1300 standards provides high confidence.
- Metal equivalent assumptions are disclosed.
Evidence · table
“5,085”
Context: Total Inferred Resource
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 5085000 against 2614000 previously
provenMarigold · goldView all detailsHide details
Identity
- Project
- Marigold
- Commodity
- gold
- Ticker
- SSRM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:99a6c6737d700eb79aa0
Resource Data
- Category
- proven
- Cutoff Grade
- 1700
- Cutoff Unit
- USD/oz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Cutoff Grade
- 1500
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Marigold's gold reserve price assumption increased, reflecting updated economic parameters for the estimate.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$1,700”
Context: Marigold
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenCC&V · goldView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Ticker
- SSRM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:e814b146d8c58dcf445d
Resource Data
- Category
- proven
- Cutoff Grade
- 1700
- Cutoff Unit
- USD/oz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: CC&V's gold reserve price assumption is reported for the 2025 estimate, representing a new addition to the consolidated MRMR.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$1,700”
Context: CC&V
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenSeabee · goldView all detailsHide details
Identity
- Project
- Seabee
- Commodity
- gold
- Ticker
- SSRM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:f59dce83e4109a5a5ef1
Resource Data
- Category
- proven
- Cutoff Grade
- 2000
- Cutoff Unit
- USD/oz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Cutoff Grade
- 1600
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Seabee's gold reserve price assumption increased, reflecting updated economic parameters for the estimate.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$2,000”
Context: Seabee
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenPuna · silverView all detailsHide details
Identity
- Project
- Puna
- Commodity
- silver
- Ticker
- SSRM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:f7d74eaa0033904b2e11
Resource Data
- Category
- proven
- Cutoff Grade
- 20.5
- Cutoff Unit
- USD/oz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Cutoff Grade
- 19
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Puna's silver reserve price assumption increased, reflecting updated economic parameters for the estimate.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$20.50”
Context: Puna
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenPuna · leadView all detailsHide details
Identity
- Project
- Puna
- Commodity
- lead
- Ticker
- SSRM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:f7d74eaa0033904b2e11
Resource Data
- Category
- proven
- Cutoff Grade
- 0.9
- Cutoff Unit
- USD/lb
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Cutoff Grade
- 0.9
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Puna's lead reserve price assumption remained unchanged for the estimate.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$0.90”
Context: Puna
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenPuna · zincView all detailsHide details
Identity
- Project
- Puna
- Commodity
- zinc
- Ticker
- SSRM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:f7d74eaa0033904b2e11
Resource Data
- Category
- proven
- Cutoff Grade
- 1.15
- Cutoff Unit
- USD/lb
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Cutoff Grade
- 1.05
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Puna's zinc reserve price assumption increased, reflecting updated economic parameters for the estimate.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$1.15”
Context: Puna
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenÇöpler · goldView all detailsHide details
Identity
- Project
- Çöpler
- Commodity
- gold
- Ticker
- SSRM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:ea7078c8d6570a0695a2
Resource Data
- Category
- proven
- Cutoff Grade
- 1450
- Cutoff Unit
- USD/oz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Cutoff Grade
- 1450
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Çöpler's gold reserve price assumption remained unchanged, reflecting the current status of the mine.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$1,450”
Context: Çöpler
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenHod Maden · goldView all detailsHide details
Identity
- Project
- Hod Maden
- Commodity
- gold
- Ticker
- SSRM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:c188d802af58b8b430d7
Resource Data
- Category
- proven
- Cutoff Grade
- 1700
- Cutoff Unit
- USD/oz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Hod Maden's gold reserve price assumption is reported for the 2025 estimate, representing a new addition to the consolidated MRMR.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$1,700”
Context: Hod Maden
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
provenHod Maden · copperView all detailsHide details
Identity
- Project
- Hod Maden
- Commodity
- copper
- Ticker
- SSRM
Resource scope
- Estimate type
- reserve
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:c188d802af58b8b430d7
Resource Data
- Category
- proven
- Cutoff Grade
- 3.5
- Cutoff Unit
- USD/lb
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Cutoff Grade
- 3.3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Hod Maden's copper reserve price assumption increased, reflecting updated economic parameters for the estimate.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$3.50”
Context: Hod Maden
Tags used in scoring
Proven Reservepositive
Measured Resource with demonstrated economic viability after applying modifying factors.
Why it applies: category is "proven"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedMarigold · goldView all detailsHide details
Identity
- Project
- Marigold
- Commodity
- gold
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:70807a61cde1ce9d5d01
Resource Data
- Category
- indicated
- Cutoff Grade
- 2000
- Cutoff Unit
- USD/oz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Cutoff Grade
- 1750
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Marigold's gold resource price assumption increased, reflecting updated economic parameters for the estimate.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$2,000”
Context: Marigold
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCC&V · goldView all detailsHide details
Identity
- Project
- CC&V
- Commodity
- gold
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:579161fce72c3ccea294
Resource Data
- Category
- indicated
- Cutoff Grade
- 2000
- Cutoff Unit
- USD/oz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: CC&V's gold resource price assumption is reported for the 2025 estimate, representing a new addition to the consolidated MRMR.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$2,000”
Context: CC&V
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedSeabee · goldView all detailsHide details
Identity
- Project
- Seabee
- Commodity
- gold
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:57ec760e37ac2302d3af
Resource Data
- Category
- indicated
- Cutoff Grade
- 2200
- Cutoff Unit
- USD/oz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Cutoff Grade
- 1750
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Seabee's gold resource price assumption increased, reflecting updated economic parameters for the estimate.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$2,200”
Context: Seabee
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPuna · silverView all detailsHide details
Identity
- Project
- Puna
- Commodity
- silver
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:5d4ba0f66c03f1fe3afa
Resource Data
- Category
- indicated
- Cutoff Grade
- 23
- Cutoff Unit
- USD/oz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Cutoff Grade
- 22
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Puna's silver resource price assumption increased, reflecting updated economic parameters for the estimate.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$23.00”
Context: Puna
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPuna · leadView all detailsHide details
Identity
- Project
- Puna
- Commodity
- lead
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:5d4ba0f66c03f1fe3afa
Resource Data
- Category
- indicated
- Cutoff Grade
- 0.95
- Cutoff Unit
- USD/lb
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Cutoff Grade
- 0.95
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Puna's lead resource price assumption remained unchanged for the estimate.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$0.95”
Context: Puna
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedPuna · zincView all detailsHide details
Identity
- Project
- Puna
- Commodity
- zinc
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:5d4ba0f66c03f1fe3afa
Resource Data
- Category
- indicated
- Cutoff Grade
- 1.3
- Cutoff Unit
- USD/lb
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Cutoff Grade
- 1.15
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Puna's zinc resource price assumption increased, reflecting updated economic parameters for the estimate.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$1.30”
Context: Puna
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedÇöpler · goldView all detailsHide details
Identity
- Project
- Çöpler
- Commodity
- gold
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:63b0d3fb22b6fc96a2a5
Resource Data
- Category
- indicated
- Cutoff Grade
- 1750
- Cutoff Unit
- USD/oz
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Cutoff Grade
- 1750
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Çöpler's gold resource price assumption remained unchanged, reflecting the current status of the mine.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$1,750”
Context: Çöpler
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHod Maden · goldView all detailsHide details
Identity
- Project
- Hod Maden
- Commodity
- gold
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:a3fc3da142ee899df2d4
Resource Data
- Category
- indicated
- Cutoff Grade
- 2000
- Cutoff Unit
- USD/oz
Prior Estimate
- Resource Date
- 2025-12-31
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Hod Maden's gold resource price assumption is reported for the 2025 estimate, representing a new addition to the consolidated MRMR.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$2,000”
Context: Hod Maden
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedHod Maden · copperView all detailsHide details
Identity
- Project
- Hod Maden
- Commodity
- copper
- Ticker
- SSRM
Resource scope
- Estimate type
- resource
- Effective date
- 2025-12-31T00:00:00.000Z
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Resource group id
- resource:a3fc3da142ee899df2d4
Resource Data
- Category
- indicated
- Cutoff Grade
- 4
- Cutoff Unit
- USD/lb
Prior Estimate
- Resource Date
- 2025-12-31
- Prior Cutoff Grade
- 3.95
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-02-17T00:00:00.000Z
Reasoning: Hod Maden's copper resource price assumption increased, reflecting updated economic parameters for the estimate.
Positive factors
- Reporting under S-K 1300 standards provides high confidence.
Evidence · table
“$4.00”
Context: Hod Maden
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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.