# SSR Mining Reports Full-Year 2025 Results and 2026 Operating Guidance

Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a

Original source: https://money.tmx.com/en/quote/SSRM/news/7181677823073554/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance

Publisher: tmx

Original announcement: 2026-02-17T21:10:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- 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

Narrative sentiment: 0.70 · Bullish

## Minestarters Atlas 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 factor: 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.

- Positive factor: Strong 2025 production exceeding guidance midpoint and robust 2026 production guidance showing a 10% year-over-year increase in gold equivalent ounces.

- Positive factor: Hod Maden project shows strong economics with $1.7B NPV 5% and 39% IRR, de-risked by engineering and site establishment efforts.

- Negative factor: Çöpler mine remains under care and maintenance with significant associated costs, impacting consolidated AISC.

- Negative factor: 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 Growth**

Polarity: positive

Definition: 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 Update**

Polarity: neutral

Definition: 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 Compliant**

Polarity: positive

Definition: 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 Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) 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 Only**

Polarity: neutral

Story-specific tag

Definition: 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 IRR**

Polarity: positive

Story-specific tag

Definition: 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 Disclosed**

Polarity: positive

Definition: 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)

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-20)

gold

#### 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 factor: Significant increase in gold P+P Reserves \(40% year-over-year\), indicating successful resource development and acquisitions.

- Positive factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> 10,582

Context: Total P+P Reserves

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 10582000 against 7567000 previously

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-21)

silver

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

- Negative factor: Silver P+P Reserves decreased by 6% year-over-year.

Evidence · table

> 24,171

Context: Total P+P Reserves

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Decline**

Polarity: negative

Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 24171000 against 25640000 previously

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-22)

lead

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> 110

Context: Total P+P Reserves

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Decline**

Polarity: negative

Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 110000000 against 111000000 previously

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-23)

zinc

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> 17

Context: Total P+P Reserves

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-24)

copper

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> 22

Context: Total P+P Reserves

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-25)

gold

#### 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 factor: Significant increase in gold equivalent P+P Reserves \(38% year-over-year\), indicating successful resource development and acquisitions.

- Positive factor: Reporting under S-K 1300 standards provides high confidence.

- Positive factor: Metal equivalent assumptions are disclosed.

Evidence · table

> 10,989

Context: Total P+P Reserves

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 10989000 against 7970000 previously

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-26)

gold

#### 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 factor: Significant increase in gold M&I Resources \(104% year-over-year\), indicating successful resource development and acquisitions.

- Positive factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> 8,967

Context: Total M&I Resource

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 8967000 against 4398000 previously

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-27)

silver

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

- Negative factor: Silver M&I Resources decreased by 29% year-over-year.

Evidence · table

> 32,698

Context: Total M&I Resource

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Decline**

Polarity: negative

Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 32698000 against 46354000 previously

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-28)

lead

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> 40

Context: Total M&I Resource

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Decline**

Polarity: negative

Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 40000000 against 70000000 previously

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-29)

zinc

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> 266

Context: Total M&I Resource

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Decline**

Polarity: negative

Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.

Why it applies: 266000000 against 341000000 previously

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-30)

copper

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> 7

Context: Total M&I Resource

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-31)

gold

#### 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 factor: Significant increase in gold equivalent M&I Resources \(82% year-over-year\), indicating successful resource development and acquisitions.

- Positive factor: Reporting under S-K 1300 standards provides high confidence.

- Positive factor: Metal equivalent assumptions are disclosed.

Evidence · table

> 9,548

Context: Total M&I Resource

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 9548000 against 5242000 previously

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-32)

gold

#### 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 factor: Significant increase in gold Inferred Resources \(97% year-over-year\), indicating successful exploration.

- Positive factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> 4,456

Context: Total Inferred Resource

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 4456000 against 2264000 previously

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-33)

silver

#### 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 factor: Significant increase in silver Inferred Resources \(93% year-over-year\), indicating successful exploration.

- Positive factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> 32,272

Context: Total Inferred Resource

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 32272000 against 16689000 previously

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-34)

zinc

#### 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 factor: Significant increase in zinc Inferred Resources, indicating successful exploration.

- Positive factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> 388

Context: Total Inferred Resource

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 388000000 against 212000000 previously

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-35)

copper

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> 3

Context: Total Inferred Resource

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

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

Why it applies: qp\_signed is true

### inferred

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-36)

gold

#### 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 factor: Significant increase in gold equivalent Inferred Resources \(95% year-over-year\), indicating successful exploration.

- Positive factor: Reporting under S-K 1300 standards provides high confidence.

- Positive factor: Metal equivalent assumptions are disclosed.

Evidence · table

> 5,085

Context: Total Inferred Resource

#### Tags used in scoring

**Inferred Resource**

Polarity: negative

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

Why it applies: category is "inferred"

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Growth**

Polarity: positive

Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.

Why it applies: 5085000 against 2614000 previously

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-37)

Marigold · gold

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $1,700

Context: Marigold

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-38)

CC&V · gold

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $1,700

Context: CC&V

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-39)

Seabee · gold

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $2,000

Context: Seabee

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-40)

Puna · silver

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $20.50

Context: Puna

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-41)

Puna · lead

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $0.90

Context: Puna

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-42)

Puna · zinc

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $1.15

Context: Puna

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-43)

Çöpler · gold

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $1,450

Context: Çöpler

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-44)

Hod Maden · gold

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $1,700

Context: Hod Maden

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### proven

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-45)

Hod Maden · copper

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $3.50

Context: Hod Maden

#### Tags used in scoring

**Proven Reserve**

Polarity: positive

Definition: Measured Resource with demonstrated economic viability after applying modifying factors.

Why it applies: category is "proven"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-46)

Marigold · gold

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $2,000

Context: Marigold

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-47)

CC&V · gold

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $2,000

Context: CC&V

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-48)

Seabee · gold

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $2,200

Context: Seabee

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-49)

Puna · silver

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $23.00

Context: Puna

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-50)

Puna · lead

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $0.95

Context: Puna

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-51)

Puna · zinc

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $1.30

Context: Puna

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-52)

Çöpler · gold

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $1,750

Context: Çöpler

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-53)

Hod Maden · gold

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $2,000

Context: Hod Maden

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.

Why it applies: contained\_metal was not reported

### indicated

[Link to this fact](https://atlas-extractions.minestarters.com/news/ssr-mining-reports-full-year-2025-results-and-2026-operating-guidance--4bb3ad46-5280-4a67-affc-82b7cd2fd75a#fact-resource-facts-54)

Hod Maden · copper

#### 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 factor: Reporting under S-K 1300 standards provides high confidence.

Evidence · table

> $4.00

Context: Hod Maden

#### Tags used in scoring

**Indicated Resource**

Polarity: positive

Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.

Why it applies: category is "indicated"

**Cut-off Disclosed**

Polarity: positive

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

Why it applies: cutoff\_grade is stated

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — 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 Metal**

Polarity: negative

Definition: 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.