# Triple Flag Announces Record Operating Cash Flow per Share in Q3 2025 Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-operating-cash-flow-per-share-in-q3-2025--814a4c93-9ec6-484f-aeca-f47c1213f9a9 Original source: https://money.tmx.com/en/quote/TFPM/news/7080251841562682/triple-flag-announces-record-operating-cash-flow-per-share-in-q3-2025 Publisher: tmx Original announcement: 2025-11-04T22:02:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Triple Flag Precious Metals Corp. - Ticker: TFPM - Exchange: TSX - Region: Unavailable - Primary commodity: Gold - Secondary commodities: Silver, Copper, Lithium, Zinc - Document categories: Resource update, Production, Agreement transaction, Drill results - Extracted: 2026-09-15 03:06:07 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Triple Flag Precious Metals Corp. announced record operating cash flow per share and strong financial results for Q3 2025, with revenue increasing to $93.5 million. The company reported several accretive acquisitions, including royalties on the Arthur gold project and Minera Florida gold mine, and provided updates on its diversified portfolio, with new projects like Tres Quebradas and Johnson Camp Mine commencing production. Triple Flag also updated resource estimates for Minera Florida, Fenn-Gib, and Converse, and expects to achieve 2025 GEOs sales between the midpoint and high end of its guidance. Reasoning: Triple Flag announced record operating cash flow per share and strong financial performance for Q3 2025, driven by strategic acquisitions and the ramp-up of new projects, alongside positive guidance for the full year. - Positive factor: Record operating cash flow per share - Positive factor: Strong revenue growth - Positive factor: Accretive acquisitions - Positive factor: New projects commencing production - Positive factor: Positive GEOs guidance for 2025 - Positive factor: QP/CP Signed - Negative factor: Slight decrease in Q3 GEOs year-over-year - Negative factor: General administration costs exceeding guidance - Negative factor: Significant inferred resource component in some estimates - Negative factor: Stale effective date for some resource estimates Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 26 ## Classification and evidence **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: James Lill, Director, Mining for Triple Flag Precious Metals Corp. and a “qualified person” under NI 43-101 has reviewed and approved the written scientific and technical disclosures contained in this press release. Evidence · text > James Lill, Director, Mining for Triple Flag Precious Metals Corp. and a “qualified person” under NI 43-101 has reviewed and approved the written scientific and technical disclosures contained in this press release. **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides updated resource estimates for Minera Florida, Fenn-Gib, and Converse projects. Evidence · text > As of June 30, 2025, proven and probable reserves total 2.6 million tonnes grading 3.20 g/t Au and 19 g/t Ag, containing 271 thousand ounces of gold and 1.6 million ounces of silver i . Measured and indicated resources \(exclusive\) total 4.0 million tonnes grading 3.16 g/t Au and 19 g/t Ag, containing 405 thousand ounces of gold and 2.4 million ounces of silver i . Inferred resources total 5.7 million tonnes grading 2.85 g/t Au and 16 g/t Ag, containing 520 thousand ounces of gold and 2.9 million ounces of silver i . **Agreement/Transaction** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company announced several royalty and stream acquisitions, including on the Arthur gold project and Minera Florida gold mine. Evidence · text > acquisition of a 1.0% NSR royalty on the world-class Arthur gold project located in Nevada and operated by AngloGold Ashanti. We also acquired a royalty package on Pan American Silver’s producing Minera Florida gold mine in Chile for $23 million **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: Minera Florida, Fenn-Gib, and Converse projects all report significant portions of their resources in the inferred category. Evidence · text > Inferred resources total 5.7 million tonnes grading 2.85 g/t Au and 16 g/t Ag, containing 520 thousand ounces of gold and 2.9 million ounces of silver i . **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: The Fenn-Gib resource estimate is effective September 10, 2024, and the Converse resource estimate is effective February 13, 2025, both predating the November 2025 announcement by several months. Evidence · text > Refer to Mayfair’s press release dated September 10, 2024, “Mayfair Gold Updates Fenn-Gib Open-Pit Mineral Resource and Initiates an Expanded Metallurgical Test Program”. ## Extracted facts Stored fact records: 12. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-operating-cash-flow-per-share-in-q3-2025--814a4c93-9ec6-484f-aeca-f47c1213f9a9#fact-drill-facts-16) Hope Bay · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Hope Bay - Commodity: gold - Region: canada - Reported Region: canada - Ticker: TFPM #### Geometry - Grade: 16.9 - Grade Unit: g/t - Intercept: 4.6 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: High-grade gold intercept from exploration drilling at Hope Bay indicates potential for resource expansion. - Positive factor: High grade gold - Positive factor: Strong continuity - Negative factor: Apparent Width Only Evidence · text > exploration drilling continues to return positive results, including 16.9 g/t Au over 4.6 meters #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-operating-cash-flow-per-share-in-q3-2025--814a4c93-9ec6-484f-aeca-f47c1213f9a9#fact-drill-facts-17) Hope Bay · gold Needs review: drill\_no\_hole\_id #### Identity - Project: Hope Bay - Commodity: gold - Region: canada - Reported Region: canada - Ticker: TFPM #### Geometry - Grade: 12.7 - Grade Unit: g/t - Intercept: 9.3 m #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes - QA/QC Methods: standards #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: Significant high-grade gold intercept at Hope Bay, with good width, suggests strong potential for mineral resource expansion. - Positive factor: High grade gold - Positive factor: Strong continuity - Positive factor: Step-Out Extension - Negative factor: Apparent Width Only Evidence · text > and 12.7 g/t Au over 9.3 meters, indicating the potential for mineral resource expansion at depth and along strike at the Patch 7 zone of the Madrid deposit. #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **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 ## Resource Estimates (10) ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-operating-cash-flow-per-share-in-q3-2025--814a4c93-9ec6-484f-aeca-f47c1213f9a9#fact-resource-facts-6) Minera Florida · gold #### Identity - Project: Minera Florida - Commodity: gold - Region: chile - Reported Region: Chile - Ticker: TFPM #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - Resource group id: resource:68ff1539df7fe76b3a88 #### Resource Data - Category: proven - Tonnes: 2600000 - Grade: 3.2 - Grade Unit: g/t - Contained Metal: 271 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: The Minera Florida project reports a significant proven gold reserve with a high grade, indicating strong economic viability. - Positive factor: Proven Reserve - Positive factor: High grade gold - Positive factor: QP/CP Signed Evidence · text > proven and probable reserves total 2.6 million tonnes grading 3.20 g/t Au and 19 g/t Ag, containing 271 thousand ounces of gold and 1.6 million ounces of silver i . #### 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 **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 ### proven [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-operating-cash-flow-per-share-in-q3-2025--814a4c93-9ec6-484f-aeca-f47c1213f9a9#fact-resource-facts-7) Minera Florida · silver #### Identity - Project: Minera Florida - Commodity: silver - Region: chile - Reported Region: Chile - Ticker: TFPM #### Resource scope - Estimate type: reserve - Reporting standards: ni\_43\_101 - Resource group id: resource:68ff1539df7fe76b3a88 #### Resource Data - Category: proven - Tonnes: 2600000 - Grade: 19 - Grade Unit: g/t - Contained Metal: 1.6 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: The Minera Florida project includes a substantial proven silver reserve, adding to the project's overall value. - Positive factor: Proven Reserve - Positive factor: QP/CP Signed Evidence · text > proven and probable reserves total 2.6 million tonnes grading 3.20 g/t Au and 19 g/t Ag, containing 271 thousand ounces of gold and 1.6 million ounces of silver i . #### 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 **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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-operating-cash-flow-per-share-in-q3-2025--814a4c93-9ec6-484f-aeca-f47c1213f9a9#fact-resource-facts-8) Minera Florida · gold #### Identity - Project: Minera Florida - Commodity: gold - Region: chile - Reported Region: Chile - Ticker: TFPM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:d71c627e21964547b510 #### Resource Data - Category: indicated - Tonnes: 4000000 - Grade: 3.16 - Grade Unit: g/t - Contained Metal: 405 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: Minera Florida's indicated gold resource shows good grade and tonnage, supporting future reserve conversion. - Positive factor: Indicated Resource - Positive factor: High grade gold - Positive factor: QP/CP Signed Evidence · text > Measured and indicated resources \(exclusive\) total 4.0 million tonnes grading 3.16 g/t Au and 19 g/t Ag, containing 405 thousand ounces of gold and 2.4 million ounces of silver i . #### 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-operating-cash-flow-per-share-in-q3-2025--814a4c93-9ec6-484f-aeca-f47c1213f9a9#fact-resource-facts-9) Minera Florida · silver #### Identity - Project: Minera Florida - Commodity: silver - Region: chile - Reported Region: Chile - Ticker: TFPM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:d71c627e21964547b510 #### Resource Data - Category: indicated - Tonnes: 4000000 - Grade: 19 - Grade Unit: g/t - Contained Metal: 2.4 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: Minera Florida's indicated silver resource contributes to the project's polymetallic nature. - Positive factor: Indicated Resource - Positive factor: QP/CP Signed Evidence · text > Measured and indicated resources \(exclusive\) total 4.0 million tonnes grading 3.16 g/t Au and 19 g/t Ag, containing 405 thousand ounces of gold and 2.4 million ounces of silver i . #### 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-operating-cash-flow-per-share-in-q3-2025--814a4c93-9ec6-484f-aeca-f47c1213f9a9#fact-resource-facts-10) Minera Florida · gold #### Identity - Project: Minera Florida - Commodity: gold - Region: chile - Reported Region: Chile - Ticker: TFPM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:645c94613e1f60f3c4eb #### Resource Data - Category: inferred - Tonnes: 5700000 - Grade: 2.85 - Grade Unit: g/t - Contained Metal: 520 - Contained Unit: koz #### Prior Estimate - Resource Date: 2025-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: The inferred gold resource at Minera Florida provides exploration upside but requires further drilling to upgrade confidence. - Positive factor: QP/CP Signed - Negative factor: Inferred Resource Evidence · text > Inferred resources total 5.7 million tonnes grading 2.85 g/t Au and 16 g/t Ag, containing 520 thousand ounces of gold and 2.9 million ounces of silver i . #### 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-operating-cash-flow-per-share-in-q3-2025--814a4c93-9ec6-484f-aeca-f47c1213f9a9#fact-resource-facts-11) Minera Florida · silver #### Identity - Project: Minera Florida - Commodity: silver - Region: chile - Reported Region: Chile - Ticker: TFPM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:645c94613e1f60f3c4eb #### Resource Data - Category: inferred - Tonnes: 5700000 - Grade: 16 - Grade Unit: g/t - Contained Metal: 2.9 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-06-30 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: The inferred silver resource at Minera Florida adds to the project's potential but needs further definition. - Positive factor: QP/CP Signed - Negative factor: Inferred Resource Evidence · text > Inferred resources total 5.7 million tonnes grading 2.85 g/t Au and 16 g/t Ag, containing 520 thousand ounces of gold and 2.9 million ounces of silver i . #### 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-operating-cash-flow-per-share-in-q3-2025--814a4c93-9ec6-484f-aeca-f47c1213f9a9#fact-resource-facts-12) Fenn-Gib · gold #### Identity - Project: Fenn-Gib - Commodity: gold - Region: canada\_on - Reported Region: Northern Ontario - Ticker: TFPM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:592b2b15504a15f7a35c #### Resource Data - Category: indicated - Tonnes: 181300000 - Grade: 0.74 - Grade Unit: g/t - Contained Metal: 4.3 - Contained Unit: moz #### Prior Estimate - Resource Date: 2024-09-10 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: Fenn-Gib's indicated gold resource is substantial, but the estimate's effective date is over a year old. - Positive factor: Indicated Resource - Positive factor: Significant contained metal - Negative factor: Stale Estimate Evidence · text > The current resource at Fenn-Gib totals 181.3 million tonnes grading 0.74 g/t Au containing 4.3 million ounces of gold in the indicated category #### 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-operating-cash-flow-per-share-in-q3-2025--814a4c93-9ec6-484f-aeca-f47c1213f9a9#fact-resource-facts-13) Fenn-Gib · gold #### Identity - Project: Fenn-Gib - Commodity: gold - Region: canada\_on - Reported Region: Northern Ontario - Ticker: TFPM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:169edc99a5bbc60dff3f #### Resource Data - Category: inferred - Tonnes: 8920000 - Grade: 0.49 - Grade Unit: g/t - Contained Metal: 141 - Contained Unit: koz #### Prior Estimate - Resource Date: 2024-09-10 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: The inferred gold resource at Fenn-Gib offers potential but is less certain and based on an older estimate. - Negative factor: Inferred Resource - Negative factor: Stale Estimate Evidence · text > and 8.92 million tonnes grading 0.49 g/t Au containing 141 thousand ounces of gold in the inferred category iv . #### 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-operating-cash-flow-per-share-in-q3-2025--814a4c93-9ec6-484f-aeca-f47c1213f9a9#fact-resource-facts-14) Converse · gold #### Identity - Project: Converse - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: TFPM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:dd0ff7edf202d6d5660d #### Resource Data - Category: indicated - Tonnes: 330100000 - Grade: 0.53 - Grade Unit: g/t - Contained Metal: 5.57 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-02-13 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: Converse's measured and indicated gold resource is substantial, but the estimate's effective date is several months old. - Positive factor: Indicated Resource - Positive factor: Significant contained metal - Negative factor: Stale Estimate Evidence · text > Current resources at Converse total 330.1 million tonnes grading 0.53 g/t Au containing 5.57 million ounces of gold in the measured and indicated category #### 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/triple-flag-announces-record-operating-cash-flow-per-share-in-q3-2025--814a4c93-9ec6-484f-aeca-f47c1213f9a9#fact-resource-facts-15) Converse · gold #### Identity - Project: Converse - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: TFPM #### Resource scope - Estimate type: resource - Reporting standards: ni\_43\_101 - Resource group id: resource:973aca7d46855f5cdb68 #### Resource Data - Category: inferred - Tonnes: 24800000 - Grade: 0.53 - Grade Unit: g/t - Contained Metal: 0.42 - Contained Unit: moz #### Prior Estimate - Resource Date: 2025-02-13 #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2025-11-04T00:00:00.000Z Reasoning: The inferred gold resource at Converse provides exploration potential but is less certain and based on an older estimate. - Negative factor: Inferred Resource - Negative factor: Stale Estimate Evidence · text > and 24.8 million tonnes grading 0.53 g/t Au containing 0.42 million ounces of gold in the inferred category v . #### 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 ## 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.