Northwire Canada EditionThursday, October 15, 2026
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GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Resource Estimate Routine +

Granada Gold Announces 64% Increase In Measured And Indicated Mineral Resources To 890,600 OZ AU (15,982,000 Tonnes At 1.73 G/T AU) And 90% Increase In Inferred Mineral Resources To 865,500 OZ AU (20,096,000 Tonnes At 1.34 G/T AU)

Granada’s resource expansion validates price assumptions while capital constraints loom for the project.

By The Northwire Desk — AI Analysis Jun 23, 2026 · 09:00 GGM · 0.035 Granada Gold Mine Inc.
Executive Summary
  • Granada Gold Mine Inc. released an updated 2026 Mineral Resource Estimate (MRE) for its 100%-owned Granada Gold Project in Quebec.
  • Measured and Indicated resources increased 64% to 890,600 oz Au (15.98 Mt at 1.73 g/t Au), while Inferred resources rose 90% to 865,500 oz Au (20.10 Mt at 1.34 g/t Au).
  • The expansion is primarily driven by updated economic parameters, specifically a higher gold price assumption of CA$176/g (~US$4,270/oz) and significantly lower cut-off grades (0.25 g/t for open-pit, 1.4 g/t for underground).
  • The company highlighted independent ore-sorting results demonstrating a 2.7x gold-grade uplift at 88% recovery, supporting a permitted "Rolling Start" production pathway.
  • A NI 43-101 technical report supporting the 2026 MRE will be filed within 45 days.
Material Impact
  • The resource increase is substantial in headline ounces but is largely a function of the elevated gold price assumption and lower cut-off grades, which were explicitly anticipated when the company engaged GoldMinds Geoservices on May 18, 2026.
  • No new drilling data is cited as the primary driver; the update re-evaluates existing geological models under current market conditions.
  • The ore-sorting results provide a credible pathway to reduce processing costs and capital intensity, but the resource update itself is a routine follow-up to prior announcements.
  • The market impact is expected to be muted as the news aligns with previous guidance and does not introduce unexpected geological discoveries or new financing.
GGM · Price
Company Overview
  • Granada Gold Project is located in Quebec, near Rouyn-Noranda, within the prolific Abitibi Greenstone Belt.
  • The property is 100% owned and has a history of underground production in the 1930s (~51,400 oz at ~10 g/t Au).
  • The company holds a Certificate of Authorization for 550 tpd mining via a phased "Rolling Start" bulk-sample pathway.
  • The deposit sits along a 5.5 km east-west mineralized structure, with only ~20% explored to date, leaving significant exploration upside.
  • Strategic focus is on low-footprint, low-capital development using ore sorting and gravity concentration to reduce processing costs.
Read the original news release →

More from Granada Gold Mine Inc.

Oct 07, 2026 · 11:35

Granada filed a permit application for planned drilling at its project, with the resource update already priced in.

Resource Estimate Aug 07, 2026 · 17:15

Granada files a formal NI 43-101 report for its June resource update, confirming no new data has been added to the deposit.

Resource Estimate Jul 30, 2026 · 17:00

Granada’s debt-to-royalty swap cleans its balance sheet but adds long-term production drag.

Financings Jul 15, 2026 · 13:00

Granada’s conference pitch follows its June update, with a technical report and permitting drive serving as key catalysts for the project.

Resource Estimate Jun 30, 2026 · 07:30

Granada’s updated resource grew 64% as it advances gravity concentration permitting, though cash constraints threaten a rolling start.

Resource Estimate May 26, 2026 · 09:01

Regulatory Milestone Clears Path for On-Site Processing, Yet Dilution and Permitting Risks Loom

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