# Unigold Updates Mineral Resource Estimate for the Candelones Project: 2.291 million ounces of gold in Measured and Indicated Resources Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/unigold-updates-mineral-resource-estimate-for-the-candelones-project-2-291-milli--1fd81f94-e3df-492d-b92d-0c841ccc6099 Original source: https://money.tmx.com/en/quote/UGD/news/7927049916948215/unigold-updates-mineral-resource-estimate-for-the-candelones-project-2-291-milli Publisher: tmx Original announcement: 2026-08-14T11:02:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.60 · Bullish ## Minestarters Atlas 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 factor: Significant M&I resource scale \(2.29 Moz Au\) - Positive factor: High M&I percentage \(93%\) - Positive factor: Consolidation of mineralization into a single estimate - Positive factor: Conversion of historic Inferred to M&I - Positive factor: NI 43-101 compliant with QP sign-off - Negative factor: 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 Resource** Polarity: positive Definition: 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 Resource** Polarity: positive Definition: 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 Resource** Polarity: negative Definition: 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 Upgrade** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: 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 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: 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 Disclosed** Polarity: positive Definition: 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$23.75/t for Oxide material **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The source explicitly discloses a revised resource estimate Evidence · text > updated mineral resource estimate ## Extracted facts Stored fact records: 15. Some facts used in scoring do not have a stored record. ## Resource Estimates (15) ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/unigold-updates-mineral-resource-estimate-for-the-candelones-project-2-291-milli--1fd81f94-e3df-492d-b92d-0c841ccc6099#fact-resource-facts-0) Candelones Project · gold #### Identity - Project: Candelones Project - Commodity: gold - Region: dominican republic - Reported Region: Dominican Republic - Ticker: UGD #### Resource scope - Estimate type: resource - Effective date: 2026-08-06T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: William J. Lewis, Matt Ball, Mohsin Hashmi - Resource group id: resource:0b6cec5679096cd56a2c - Deposit or zone: Candelones - Mining method: open\_pit - Ownership percent: 100 % #### Resource Data - Category: measured - Tonnes: 31001872 - Grade: 1.13 - Grade Unit: g/t - Contained Metal: 1125 - Contained Unit: koz - Cutoff Grade: 32.75 - Cutoff Unit: US$/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 factor: High confidence category Evidence · table > 1.13 Context: 31,001,872 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/unigold-updates-mineral-resource-estimate-for-the-candelones-project-2-291-milli--1fd81f94-e3df-492d-b92d-0c841ccc6099#fact-resource-facts-1) Candelones Project · silver #### 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 Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/unigold-updates-mineral-resource-estimate-for-the-candelones-project-2-291-milli--1fd81f94-e3df-492d-b92d-0c841ccc6099#fact-resource-facts-2) Candelones Project · copper #### 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 Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/unigold-updates-mineral-resource-estimate-for-the-candelones-project-2-291-milli--1fd81f94-e3df-492d-b92d-0c841ccc6099#fact-resource-facts-3) Candelones Project · gold #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/unigold-updates-mineral-resource-estimate-for-the-candelones-project-2-291-milli--1fd81f94-e3df-492d-b92d-0c841ccc6099#fact-resource-facts-4) Candelones Project · silver #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/unigold-updates-mineral-resource-estimate-for-the-candelones-project-2-291-milli--1fd81f94-e3df-492d-b92d-0c841ccc6099#fact-resource-facts-5) Candelones Project · copper #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/unigold-updates-mineral-resource-estimate-for-the-candelones-project-2-291-milli--1fd81f94-e3df-492d-b92d-0c841ccc6099#fact-resource-facts-6) Candelones Project · gold #### 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 factor: Inferred category is speculative Evidence · table > 1.20 Context: 5,288,811 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/unigold-updates-mineral-resource-estimate-for-the-candelones-project-2-291-milli--1fd81f94-e3df-492d-b92d-0c841ccc6099#fact-resource-facts-7) Candelones Project · silver #### 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 factor: Inferred category is speculative Evidence · table > 2.28 Context: 5,288,811 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/unigold-updates-mineral-resource-estimate-for-the-candelones-project-2-291-milli--1fd81f94-e3df-492d-b92d-0c841ccc6099#fact-resource-facts-8) Candelones Project · copper #### 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 factor: Inferred category is speculative Evidence · table > 0.10 Context: 5,288,811 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/unigold-updates-mineral-resource-estimate-for-the-candelones-project-2-291-milli--1fd81f94-e3df-492d-b92d-0c841ccc6099#fact-resource-facts-9) Candelones Project · gold #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/unigold-updates-mineral-resource-estimate-for-the-candelones-project-2-291-milli--1fd81f94-e3df-492d-b92d-0c841ccc6099#fact-resource-facts-10) Candelones Project · silver #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/unigold-updates-mineral-resource-estimate-for-the-candelones-project-2-291-milli--1fd81f94-e3df-492d-b92d-0c841ccc6099#fact-resource-facts-11) Candelones Project · copper #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### measured [Link to this fact](https://atlas-extractions.minestarters.com/news/unigold-updates-mineral-resource-estimate-for-the-candelones-project-2-291-milli--1fd81f94-e3df-492d-b92d-0c841ccc6099#fact-resource-facts-12) Candelones Project · copper #### 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 factor: High confidence category Evidence · table > 0.10 Context: 31,001,872 #### Tags used in scoring **Measured Resource** Polarity: positive Definition: Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves. Why it applies: category is "measured" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/unigold-updates-mineral-resource-estimate-for-the-candelones-project-2-291-milli--1fd81f94-e3df-492d-b92d-0c841ccc6099#fact-resource-facts-13) Candelones Project · copper #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/unigold-updates-mineral-resource-estimate-for-the-candelones-project-2-291-milli--1fd81f94-e3df-492d-b92d-0c841ccc6099#fact-resource-facts-14) Candelones Project · copper #### 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 factor: Inferred category is speculative Evidence · table > 0.10 Context: 5,288,811 #### 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **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 **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PFS-Supporting** Polarity: neutral Definition: 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-Supporting** Polarity: neutral Definition: 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.