Unigold Updates Mineral Resource Estimate for the Candelones Project: 2.291 million ounces of gold in Measured and Indicated Resources
Original announcement by tmx on
- Company
- Unigold Inc.
- Ticker
- UGD
- Exchange
- TSX
- Region
- Dominican Republic
- Primary commodity
- Gold
- Secondary commodities
- Silver, Copper
- Document categories
- Resource update
- Extracted
- 2026-09-19 02:39:25 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Unigold has released an updated Mineral Resource Estimate for the Candelones Project in the Dominican Republic, reporting 2.29 million ounces of gold in Measured and Indicated resources. The update consolidates mineralization and converts historical Inferred resources to M&I, with 93% of the resource now in higher confidence categories.
Reasoning: The update provides a substantial, high-confidence M&I resource through consolidation and conversion of historical material, though it notes a technical trade-off in recoveries due to the shift to a single flotation circuit.
Positive factors
- Significant M&I resource scale (2.29 Moz Au)
- High M&I percentage (93%)
- Consolidation of mineralization into a single estimate
- Conversion of historic Inferred to M&I
- NI 43-101 compliant with QP sign-off
Negative factors
- Change in processing methodology (heap leach to milling) resulted in lower metallurgical recoveries for oxide/transition material
Facts used in scoring: 15
Classification and evidence
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The estimate includes 38.1 Mt of Indicated resources.
Evidence · text
“Indicated ("M&I") Resources of 69.1 million tonnes”
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: The estimate includes 31.0 Mt of Measured resources.
Evidence · text
“Measured and Indicated ("M&I") Resources of 69.1 million tonnes”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The estimate includes 5.3 Mt of Inferred resources.
Evidence · text
“Inferred resource contains an additional 387,000 ounces of silver”
Category Upgradepositive
Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.
Why it applies: The company reports 100% conversion of historic Inferred resource to M&I.
Evidence · text
“100% conversion of historic Inferred resource to M&I”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The estimate was prepared by Micon International Limited in accordance with NI 43-101 standards.
Evidence · text
“estimated by Micon International Limited by the Canadian Institute of Mining, Metallurgy, and Petroleum (CIM) Standards of Disclosure for Mineral Projects (NI 43-101)”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Multiple Qualified Persons (William J. Lewis, Matt Ball, Mohsin Hashmi) are named and responsible.
Evidence · text
“Mr. William J. Lewis, P.Geo. and Matt Ball, MIMMM, of Micon International Limited., who are Qualified Persons as defined by NI 43-101”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: NSR cut-off grades for oxide, transition, and sulphide/underground are explicitly stated.
Evidence · text
“marginal NSR cut-off of US$32.75/t for the conceptual open pit evaluation of sulphides and transition material, and US$23.75/t for Oxide material”
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The source explicitly discloses a revised resource estimate
Evidence · text
“updated mineral resource estimate”
Extracted facts
Stored fact records: 15. Some facts used in scoring do not have a stored record.
Resource Estimates (15)
measuredCandelones Project · goldTonnes: 31001872Grade: 1.13Grade Unit: g/tContained Metal: 1125Contained Unit: kozView all detailsHide details
Identity
- Project
- Candelones Project
- Commodity
- gold
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- UGD
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-06T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, Matt Ball, Mohsin Hashmi
- Resource group id
- resource:0b6cec5679096cd56a2c
- Deposit or zone
- Candelones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 31001872
- Grade
- 1.13
- Grade Unit
- g/t
- Contained Metal
- 1125
- Contained Unit
- koz
- Cutoff Grade
- 32.75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-08-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-14T00:00:00.000Z
Reasoning: Measured resource component of a consolidated update.
Positive factors
- High confidence category
Evidence · table
“1.13”
Context: 31,001,872
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredCandelones Project · silverTonnes: 31001872Grade: 2.13Grade Unit: g/tContained Metal: 2127Contained Unit: kozView all detailsHide details
Identity
- Project
- Candelones Project
- Commodity
- silver
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- UGD
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-06T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, Matt Ball, Mohsin Hashmi
- Resource group id
- resource:0b6cec5679096cd56a2c
- Deposit or zone
- Candelones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 31001872
- Grade
- 2.13
- Grade Unit
- g/t
- Contained Metal
- 2127
- Contained Unit
- koz
- Cutoff Grade
- 32.75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-08-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-14T00:00:00.000Z
Reasoning: Byproduct silver in measured category.
Evidence · table
“2.13”
Context: 31,001,872
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredCandelones Project · copperTonnes: 31001872Grade: 0.1Grade Unit: %Contained Metal: 71794Contained Unit: klbsView all detailsHide details
Identity
- Project
- Candelones Project
- Commodity
- copper
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- UGD
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-06T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, Matt Ball, Mohsin Hashmi
- Resource group id
- resource:0b6cec5679096cd56a2c
- Deposit or zone
- Candelones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 31001872
- Grade
- 0.1
- Grade Unit
- %
- Contained Metal
- 71794
- Contained Unit
- klbs
- Cutoff Grade
- 32.75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-08-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-14T00:00:00.000Z
Reasoning: Byproduct copper in measured category.
Evidence · table
“0.10”
Context: 31,001,872
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCandelones Project · goldTonnes: 38133903Grade: 0.95Grade Unit: g/tContained Metal: 1167Contained Unit: kozView all detailsHide details
Identity
- Project
- Candelones Project
- Commodity
- gold
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- UGD
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-06T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, Matt Ball, Mohsin Hashmi
- Resource group id
- resource:0f3322c63246079ab4c1
- Deposit or zone
- Candelones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 38133903
- Grade
- 0.95
- Grade Unit
- g/t
- Contained Metal
- 1167
- Contained Unit
- koz
- Cutoff Grade
- 32.75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-08-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-14T00:00:00.000Z
Reasoning: Indicated resource component.
Evidence · table
“0.95”
Context: 38,133,903
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCandelones Project · silverTonnes: 38133903Grade: 1.75Grade Unit: g/tContained Metal: 2150Contained Unit: kozView all detailsHide details
Identity
- Project
- Candelones Project
- Commodity
- silver
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- UGD
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-06T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, Matt Ball, Mohsin Hashmi
- Resource group id
- resource:0f3322c63246079ab4c1
- Deposit or zone
- Candelones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 38133903
- Grade
- 1.75
- Grade Unit
- g/t
- Contained Metal
- 2150
- Contained Unit
- koz
- Cutoff Grade
- 32.75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-08-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-14T00:00:00.000Z
Reasoning: Byproduct silver in indicated category.
Evidence · table
“1.75”
Context: 38,133,903
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCandelones Project · copperTonnes: 38133903Grade: 0.07Grade Unit: %Contained Metal: 60148Contained Unit: klbsView all detailsHide details
Identity
- Project
- Candelones Project
- Commodity
- copper
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- UGD
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-06T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, Matt Ball, Mohsin Hashmi
- Resource group id
- resource:0f3322c63246079ab4c1
- Deposit or zone
- Candelones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 38133903
- Grade
- 0.07
- Grade Unit
- %
- Contained Metal
- 60148
- Contained Unit
- klbs
- Cutoff Grade
- 32.75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-08-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-14T00:00:00.000Z
Reasoning: Byproduct copper in indicated category.
Evidence · table
“0.07”
Context: 38,133,903
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredCandelones Project · goldTonnes: 5288811Grade: 1.2Grade Unit: g/tContained Metal: 203Contained Unit: kozView all detailsHide details
Identity
- Project
- Candelones Project
- Commodity
- gold
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- UGD
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-06T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, Matt Ball, Mohsin Hashmi
- Resource group id
- resource:094d6bbabc448ef06ce8
- Deposit or zone
- Candelones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 5288811
- Grade
- 1.2
- Grade Unit
- g/t
- Contained Metal
- 203
- Contained Unit
- koz
- Cutoff Grade
- 32.75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-08-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-14T00:00:00.000Z
Reasoning: Inferred resource component.
Negative factors
- Inferred category is speculative
Evidence · table
“1.20”
Context: 5,288,811
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredCandelones Project · silverTonnes: 5288811Grade: 2.28Grade Unit: g/tContained Metal: 387000Contained Unit: ozView all detailsHide details
Identity
- Project
- Candelones Project
- Commodity
- silver
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- UGD
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-06T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, Matt Ball, Mohsin Hashmi
- Resource group id
- resource:094d6bbabc448ef06ce8
- Deposit or zone
- Candelones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 5288811
- Grade
- 2.28
- Grade Unit
- g/t
- Contained Metal
- 387000
- Contained Unit
- oz
- Cutoff Grade
- 32.75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-08-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-14T00:00:00.000Z
Reasoning: Byproduct silver in inferred category.
Negative factors
- Inferred category is speculative
Evidence · table
“2.28”
Context: 5,288,811
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredCandelones Project · copperTonnes: 5288811Grade: 0.1Grade Unit: %Contained Metal: 18010Contained Unit: klbsView all detailsHide details
Identity
- Project
- Candelones Project
- Commodity
- copper
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- UGD
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-06T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, Matt Ball, Mohsin Hashmi
- Resource group id
- resource:094d6bbabc448ef06ce8
- Deposit or zone
- Candelones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 5288811
- Grade
- 0.1
- Grade Unit
- %
- Contained Metal
- 18010
- Contained Unit
- klbs
- Cutoff Grade
- 32.75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-08-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-14T00:00:00.000Z
Reasoning: Byproduct copper in inferred category.
Negative factors
- Inferred category is speculative
Evidence · table
“0.10”
Context: 5,288,811
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCandelones Project · goldTonnes: 69135774Grade: 1.03Grade Unit: g/tContained Metal: 2.291Contained Unit: mozView all detailsHide details
Identity
- Project
- Candelones Project
- Commodity
- gold
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- UGD
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-06T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, Matt Ball, Mohsin Hashmi
- Resource group id
- resource:ab991f44dcc905d7f415
- Deposit or zone
- Candelones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 69135774
- Grade
- 1.03
- Grade Unit
- g/t
- Contained Metal
- 2.291
- Contained Unit
- moz
- Cutoff Grade
- 32.75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-08-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-14T00:00:00.000Z
Reasoning: Indicated resource component. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“1.03”
Context: 69,135,774
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCandelones Project · silverTonnes: 69135774Grade: 1.92Grade Unit: g/tContained Metal: 4277Contained Unit: kozView all detailsHide details
Identity
- Project
- Candelones Project
- Commodity
- silver
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- UGD
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-06T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, Matt Ball, Mohsin Hashmi
- Resource group id
- resource:ab991f44dcc905d7f415
- Deposit or zone
- Candelones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 69135774
- Grade
- 1.92
- Grade Unit
- g/t
- Contained Metal
- 4277
- Contained Unit
- koz
- Cutoff Grade
- 32.75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-08-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-14T00:00:00.000Z
Reasoning: Indicated resource component. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“1.92”
Context: 69,135,774
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCandelones Project · copperTonnes: 69135774Grade: 0.09Grade Unit: %View all detailsHide details
Identity
- Project
- Candelones Project
- Commodity
- copper
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- UGD
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-06T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, Matt Ball, Mohsin Hashmi
- Resource group id
- resource:ab991f44dcc905d7f415
- Deposit or zone
- Candelones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 69135774
- Grade
- 0.09
- Grade Unit
- %
- Cutoff Grade
- 32.75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-08-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-14T00:00:00.000Z
Reasoning: Indicated resource component. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.09”
Context: 69,135,774
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
measuredCandelones Project · copperTonnes: 31001872Grade: 0.1Grade Unit: %View all detailsHide details
Identity
- Project
- Candelones Project
- Commodity
- copper
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- UGD
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-06T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, Matt Ball, Mohsin Hashmi
- Resource group id
- resource:0b6cec5679096cd56a2c
- Deposit or zone
- Candelones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 31001872
- Grade
- 0.1
- Grade Unit
- %
- Cutoff Grade
- 32.75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-08-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-14T00:00:00.000Z
Reasoning: Measured resource component of a consolidated update. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- High confidence category
Evidence · table
“0.10”
Context: 31,001,872
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
indicatedCandelones Project · copperTonnes: 38133903Grade: 0.07Grade Unit: %View all detailsHide details
Identity
- Project
- Candelones Project
- Commodity
- copper
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- UGD
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-06T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, Matt Ball, Mohsin Hashmi
- Resource group id
- resource:0f3322c63246079ab4c1
- Deposit or zone
- Candelones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 38133903
- Grade
- 0.07
- Grade Unit
- %
- Cutoff Grade
- 32.75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-08-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-14T00:00:00.000Z
Reasoning: Indicated resource component. (Expanded from multi-commodity resource table for completeness.)
Evidence · table
“0.07”
Context: 38,133,903
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
inferredCandelones Project · copperTonnes: 5288811Grade: 0.1Grade Unit: %View all detailsHide details
Identity
- Project
- Candelones Project
- Commodity
- copper
- Region
- dominican republic
- Reported Region
- Dominican Republic
- Ticker
- UGD
Resource scope
- Estimate type
- resource
- Effective date
- 2026-08-06T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- William J. Lewis, Matt Ball, Mohsin Hashmi
- Resource group id
- resource:094d6bbabc448ef06ce8
- Deposit or zone
- Candelones
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 5288811
- Grade
- 0.1
- Grade Unit
- %
- Cutoff Grade
- 32.75
- Cutoff Unit
- US$/t NSR
Prior Estimate
- Resource Date
- 2026-08-06
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-14T00:00:00.000Z
Reasoning: Inferred resource component. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Inferred category is speculative
Evidence · table
“0.10”
Context: 5,288,811
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PFS-Supportingneutral
Resource estimate prepared to support a Pre-Feasibility Study — requires adequate M&I component.
Why it applies: the release names the study this estimate supports
DFS-Supportingneutral
Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence.
Why it applies: the release names the study this estimate supports
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.