# Summit Royalties Announces Agreement to Acquire Royalty on&\#xA0;Newmont's Saddle North Deposit Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c Original source: https://money.tmx.com/en/quote/SUM/news/5174551376741340/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle- Publisher: tmx Original announcement: 2026-03-12T10:15:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Summit Royalties Ltd. - Ticker: SUM - Exchange: TSX - Region: British Columbia - Primary commodity: Gold - Secondary commodities: Copper, Silver - Document categories: Resource update, Agreement transaction - Extracted: 2026-09-13 02:44:34 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Summit Royalties has entered into an agreement to acquire a 1.0% Net Smelter Return \(NSR\) royalty on Newmont's Saddle North gold-copper porphyry deposit for C$5 million in common shares. The Saddle North project is located in British Columbia and contains significant indicated and inferred mineral resources. Reasoning: Summit is acquiring a royalty on a significant gold-copper porphyry deposit \(Saddle North\) owned by Newmont, which is highly accretive to their portfolio. - Positive factor: Accretive acquisition of a 1% NSR royalty - Positive factor: Exposure to a large gold-copper porphyry deposit - Positive factor: Underlying asset operated by Newmont - Positive factor: High-quality jurisdiction \(Golden Triangle\) - Negative factor: Subject to customary conditions precedent Facts used in scoring: 19 ## Classification and evidence **Maiden Resource** Polarity: neutral Definition: First formal MRE for the project — establishes baseline but typically exploration-stage with high Inferred component. No prior estimate exists, so every change band is not applicable. Why it applies: The document mentions that GT Gold Corp. published a maiden mineral resource estimate for the project in 2020. Evidence · text > published a maiden mineral resource estimate for the project in 2020 **Nearology Play** Polarity: neutral Story-specific tag Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: The project is noted to be situated near the Red Chris mine operated by Newmont. Evidence · text > Saddle North is situated near the Red Chris mine ## Extracted facts Stored fact records: 18. Some facts used in scoring do not have a stored record. ## Resource Estimates (18) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-1) gold #### Identity - Commodity: gold - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:341a54ea792997f89926 #### Resource Data - Category: indicated - Tonnes: 217000000 - Grade: 0.29 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.29 Context: 217 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-2) silver #### Identity - Commodity: silver - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:341a54ea792997f89926 #### Resource Data - Category: indicated - Tonnes: 217000000 - Grade: 0.65 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.65 Context: 217 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-3) gold #### Identity - Commodity: gold - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:7b2197eb4519b1e6bb2f #### Resource Data - Category: inferred - Tonnes: 254000000 - Grade: 0.24 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.24 Context: 254 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-4) silver #### Identity - Commodity: silver - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:7b2197eb4519b1e6bb2f #### Resource Data - Category: inferred - Tonnes: 254000000 - Grade: 0.53 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.53 Context: 254 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-5) gold #### Identity - Commodity: gold - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:8fdc1948f4e2a5635527 #### Resource Data - Category: inferred - Tonnes: 471000000 - Grade: 0.26 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.26 Context: 471 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-6) silver #### Identity - Commodity: silver - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:8fdc1948f4e2a5635527 #### Resource Data - Category: inferred - Tonnes: 471000000 - Grade: 0.59 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.59 Context: 471 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-7) gold #### Identity - Commodity: gold - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:4e66471d1acdb7b4e1e5 #### Resource Data - Category: indicated - Tonnes: 81000000 - Grade: 0.56 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.56 Context: 81 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-8) silver #### Identity - Commodity: silver - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:4e66471d1acdb7b4e1e5 #### Resource Data - Category: indicated - Tonnes: 81000000 - Grade: 1.16 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 1.16 Context: 81 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-9) gold #### Identity - Commodity: gold - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:f3300ee2c54e2830ee0a #### Resource Data - Category: inferred - Tonnes: 289000000 - Grade: 0.38 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.38 Context: 289 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-10) silver #### Identity - Commodity: silver - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:f3300ee2c54e2830ee0a #### Resource Data - Category: inferred - Tonnes: 289000000 - Grade: 0.78 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.78 Context: 289 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-11) gold #### Identity - Commodity: gold - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:ff34c86c42295928d9a6 #### Resource Data - Category: inferred - Tonnes: 370000000 - Grade: 0.42 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.42 Context: 370 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-12) silver #### Identity - Commodity: silver - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:ff34c86c42295928d9a6 #### Resource Data - Category: inferred - Tonnes: 370000000 - Grade: 0.87 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.87 Context: 370 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-13) gold #### Identity - Commodity: gold - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:1e2041988b4779022d01 #### Resource Data - Category: indicated - Tonnes: 298000000 - Grade: 0.36 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.36 Context: 298 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-14) silver #### Identity - Commodity: silver - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:1e2041988b4779022d01 #### Resource Data - Category: indicated - Tonnes: 298000000 - Grade: 0.79 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.79 Context: 298 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-15) gold #### Identity - Commodity: gold - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:337fd49ab953c2e364e6 #### Resource Data - Category: inferred - Tonnes: 543000000 - Grade: 0.31 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.31 Context: 543 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-16) silver #### Identity - Commodity: silver - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:337fd49ab953c2e364e6 #### Resource Data - Category: inferred - Tonnes: 543000000 - Grade: 0.67 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.67 Context: 543 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-17) gold #### Identity - Commodity: gold - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:b82d780e8877431f7169 #### Resource Data - Category: inferred - Tonnes: 841000000 - Grade: 0.33 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.33 Context: 841 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/summit-royalties-announces-agreement-to-acquire-royalty-on-xa0-newmont-s-saddle--095a9ad6-d8cd-4f39-93bf-32c2ffde6c2c#fact-resource-facts-18) silver #### Identity - Commodity: silver - Ticker: SUM #### Resource scope - Estimate type: resource - Effective date: 2020-07-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - Resource group id: resource:b82d780e8877431f7169 #### Resource Data - Category: inferred - Tonnes: 841000000 - Grade: 0.71 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-03-12T00:00:00.000Z Reasoning: Expanded from multi-commodity resource table for completeness. - Negative factor: Fact expanded from resource table columns \(model omitted this commodity\). Evidence · table > 0.71 Context: 841 #### 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 **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **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.