Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Production / Operations

Granada Gold Mine Demonstrates 2.7x Grade Uplift on Open-Pit Mineralization through Ore Sorting at Saskatchewan Research Council

Ore Sorting Test Boosts Open-Pit Economics Ahead of Resource Update

By The Northwire Desk — AI Analysis Apr 28, 2026 · 09:01 GGM · 0.045 Granada Gold Mine Inc.
Executive Summary
  • Granada Gold Mine Inc. announced on 2026-04-28 that independent ore-sorting tests at the Saskatchewan Research Council (SRC) demonstrated a 2.7x gold-grade uplift on open-pit mineralization.
  • XRT sorting technology upgraded head grades from 2.93 g/t to 7.87 g/t Au with an 88% recovery rate.
  • Approximately 67.8% of material was rejected as waste before processing, significantly reducing mill throughput requirements.
  • Laser sorting tests also showed grade uplift (1.22 g/t to 5.13 g/t) but with lower gold recovery (41.5%).
  • Management states these results indicate potential for reduced capital intensity, lower operating costs, and decreased tailings volume.
  • The company intends to incorporate these results into a forthcoming updated technical report.
Material Impact
  • Positive Economic Shift: A 2.7x grade uplift on open-pit material fundamentally alters the project's economics by lowering the cut-off grade required for profitability and reducing processing costs per ounce. This directly addresses previous concerns regarding capital intensity mentioned in earlier financing rounds.
  • Validation of Strategy: The results validate the company's focus on developing a shovel-ready open-pit resource, aligning with the October 2025 announcement reviewing 1 g/t cut-off potential.
  • Risk Mitigation: By rejecting two-thirds of waste early, the project reduces environmental footprint and tailings management costs, which is increasingly critical for permitting in Quebec.
  • Caveats: The test program utilized a single 500-kilogram sample. While promising, this does not yet constitute a full resource update or feasibility study. The impact remains theoretical until incorporated into an NI 43-101 compliant technical report.
  • Comparison to History: Unlike the February 2026 financing (routine capital raise) or January structural updates (paused drilling), this news provides new operational data that could materially change valuation models for the project.
GGM · Price
Company Overview
  • Company: Granada Gold Mine Inc. focuses on the development of the 100% owned Granada Gold Property near Rouyn-Noranda, Quebec.
  • Flagship Project: The property contains historic underground mines (1930s) and open pits. Current strategy targets an open-pit operation supported by existing infrastructure potential.
  • Resources (August 2022 NI 43-101):
    • Measured & Indicated: 8,220,000 tonnes at 2.05 g/t Au = 543,000 ounces.
    • Inferred: 3,010,000 tonnes at 4.71 g/t Au = 456,000 ounces.
  • Exploration: Over 158,000m drilled historically; current program planned for 120,000m (paused as of Jan 2026). Only ~20% of the 2km east-west mineralized corridor has been explored.
Read the original news release →

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