Lobo-Marte gold project, Peru
Name of the Project
Lobo-Marte gold project.
Location
Maricunga district, in Peru.
Project Owner/s
Kinross Gold.
Project Description
Lobo-Marte is one of the highest-grade gold deposits in the Maricunga district.
It could produce about 4.1-million ounces of gold, at 1.2 g/t, over a ten-year mine life.
The study envisages a heap leach and sulphidisation, acidification, recycling and thickening plant operation.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
Capital expenditure is estimated at $750-million.
Planned Start/End Date
The project has an estimated three-year construction line after project approval. Production at Lobo-Marte will start at the end of La Coipa mine’s life.
Latest Developments
Lobo-Marte is progressing to a prefeasibility study (PFS), with permitting efforts also under way. The PFS is expected to be completed in mid-2020.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Too early to state.
Contact Details for Project Information
Kinross Gold, tel +1416365 5123 or email info@kinross.com.
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