Articles for tag: Ecuador, feasibility, Gold, kicks, Lumina, project, study

Lumina Gold’s Ambitious Feasibility Study in Ecuador

Just last year, Lumina Gold published the prefeasibility study for Cangrejos, located in the southwest of Ecuador. This study revealed an initial capex of $925 million, with an anticipated average gold equivalent production of 469,000 ounces over a 26-year mine life. The proposed processing plant for the mine, which is also Ecuador’s largest primarily gold, involves a conventional copper-gold flotation concentrator and hybrid leach-carbon-in-leach circuit (L/CIL). Ecuador is known for its abundant mineral reserves but has historically trailed behind its regional counterparts, such as Peru and Chile, in terms of large-scale mining development. Notably, the Constitutional Court played a crucial