Panuco Project
Mineral Resource Estimate
Panuco Achieves First Measured Resource Estimation, In 2025 Updated MRE
Upgraded Resource Highlights
- 11% increase in Global Contained Ounces
- 43% increase in M&I AgEq ounces from 155.8 to 222.4 Moz
- 4.5% increase in avg M&I AgEq grade from 511 to 534 g/t
- 30% of Indicated resource converted to Measured
- 18% of Inferred resources converted to Indicated
The The Technical Report has an effective date of September 9, 2024 and was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) by Allan Armitage, Ph. D., P. Geo., Ben Eggers, MAIG, P.Geo., and Henri Gouin, P.Eng. of SGS Geological Services and Peter Mehrfert, P.Eng., James Millard, P.Geo., Scott Elfen, P.E., and Jonathan Cooper, P.Eng. of Ausenco Engineering Canada ULC.