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

January 30, 2024

Ron Finklestien

mining

Lumina Gold’s Ambitious Feasibility Study in Ecuador 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

January 29, 2024

Ron Finklestien

mining

Nunavut Greenlights White Cliff’s Copper Project Nunavut Greenlights White Cliff’s Copper Project

After a decade-long consultation process culminating in September of last year, White Cliff has finally received approval to proceed with its copper project in Nunavut, Canada. The project is built upon the foundations laid by past explorations, both public and private, which have identified numerous occurrences of copper and silver mineralization, as well as non-Joint Ore Reserve Committee-compliant mineral estimates along a structural trend spanning over 100 kilometers. White Cliff’s future exploration campaigns for the Coppermine project will be tightly intertwined with its operations in the recently-acquired Radium Point uranium project in Canada’s Northwest Territories. This acquisition significantly bolsters the

January 25, 2024

Ron Finklestien

mining

Aclara Rare Earth Project in Brazil Shows Encouraging Results Aclara’s PEA Shines Positive Light on Brazil’s Rare Earth Project

With an estimated 3.6-year timeline for recovering investments post-commissioning, Aclara’s Brazil rare earth project demonstrates promise despite the extended permitting process in the region. The recovery of rare earths in Brazil aligns harmoniously with the patented technology currently in action on a pilot scale in Chile. The company emphasizes a low-cost, low-carbon footprint methodology. “Our project design centers around eco-friendly principles, negating the use of explosives and milling, optimizing water recirculation, and utilizing common fertilizers as the primary reagent,” stated Aclara’s chief executive, Ramon Barua, underscoring the company’s commitment to sustainability. Aclara is actively securing additional resources through an ongoing

January 23, 2024

Ron Finklestien

mining

Positive Developments at Côté Gold Project Lead to Surging IAMGOLD Shares

Boosted Production Results IAMGOLD has had robust performance across its mining projects, with the Essakane mine in Burkina Faso achieving 108,000 ounces in the fourth quarter and 372,000 ounces for the full year, nearing the upper end of the annual guidance of 380,000. The Westwood project in Québec surpassed expectations with 28,000 ounces in the fourth quarter and 93,000 ounces for the full year, exceeding the annual guidance range of 70,000 to 90,000 ounces. Progress at Côté Gold Project The commissioning activities at the Côté gold project are advancing smoothly, with the primary crushing circuit startup in progress. Initial production

January 22, 2024

Ron Finklestien

mining

F3 expands PLN uranium project in land swap with CanAlaska

F3 Bolsters PLN Uranium Project in Land Swap with CanAlaska F3’s Strategic Expansion F3, a key player in the uranium exploration domain, has recently announced a significant expansion of its PLN uranium project through a land exchange agreement with CanAlaska. The move, which involves the incorporation of additional property claims, marks a strategic effort to fortify F3’s foothold in the high-grade uranium discovery area of its PLN property. This expansion is set to encompass the Broach Lake property within F3’s portfolio, positioning the company for heightened prospects in the uranium mining sector. Land Exchange Details The focal point of the

January 17, 2024

Ron Finklestien

Montage Gold’s Koné Gold Project Shows Improved Economics in West Africa Montage Gold’s Koné Gold Project Shows Improved Economics in West Africa

In a striking turn of events, Montage Gold has made significant progress in enhancing the economics of its Koné gold project in West Africa. The latest study reveals a notably reduced construction cost and promising financial prospects, positioning the project as a potential game-changer in the gold mining industry. The updated report, which is based on a gold price of $1,850 compared to the previous $1,600, reflects a substantial improvement in the project’s financial outlook. CEO Rick Clark expressed his enthusiasm, highlighting the material de-risking of the project’s financial parameters and the transformative impact of discovering higher-grade satellite deposits. Moreover,