Overview
| Stage | Permitting |
| Mine Type | Open Pit |
| Commodities |
|
| Mining Method |
|
| Processing |
|
| Mine Life | 15 years (as of Jan 1, 2020) |
The Lobo-Marte feasibility study is advancing and is on schedule to be completed in Q4 2021. Permitting work is ongoing, including environmental studies and community consultations.
Subject to a positive development decision, the PFS estimates Lobo-Marte project construction beginning in 2025, with first production expected in 2027. Production would commence after the conclusion of mining at the Company’s La Coipa project, which is located approximately 50 kilometres northwest of Lobo Marte, and where the Company is continuing to explore opportunities to extend mine life. |
| Latest News | Kinross announces results of Lobo-Marte pre-feasibility study July 15, 2020 |
Source:
p. 65
The Lobo-Marte project is owned by Compania Minera Maricunga (“CMM”), a Chilean company that is 100%-owned by Kinross.
Summary:
The Lobo-Marte project currently comprises two open-pit minable gold ore deposits.
Source:
Summary:
The PFS contemplates heap leach and SART (Sulphidization, Acidification, Recycling and Thickening) plant operation using rope conveyors and mining the Marte and Lobo deposits in succession.
Recoveries & Grades:
| Commodity | Parameter | Avg. LOM |
|
Gold
|
Recovery Rate, %
| 71 |
|
Gold
|
Head Grade, g/t
| 1.35 |
|
Copper
|
Recovery Rate, %
| 30 |
|
Copper
|
Head Grade, %
| 0.08 |
Projected Production:
| Commodity | Units | LOM |
|
Gold
|
M oz
| 4.5 |
|
Copper
|
M lbs
| ...... |
Operational Metrics:
| Metrics | 2020 |
|
Stripping / waste ratio
| ......  |
|
Tonnes processed, LOM
| ...... |
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Reserves at July 30, 2020:
The Company’s mineral reserves are estimated using appropriate cut-off grades based on an assumed gold price of $1,200 per ounce.
The Company’s mineral resources are estimated using appropriate cut-off grades based on a gold price of $1,400 per ounce.
| Category | Tonnage | Commodity | Grade | Contained Metal |
|
Probable
|
146,771 kt
|
Gold
|
1.36 g/t
|
6,394 koz
|
|
Indicated
|
75,738 kt
|
Gold
|
0.74 g/t
|
1,796 koz
|
|
Inferred
|
9,637 kt
|
Gold
|
0.67 g/t
|
207 koz
|
Commodity Production Costs:
| | Commodity | Units | Average |
|
Cash costs
|
Gold
|
USD
|
...... *†
|
|
All-in sustaining costs (AISC)
|
Gold
|
USD
|
...... *†
|
|
Assumed price
|
Copper
|
USD
|
...... *
|
|
Assumed price
|
Gold
|
USD
|
...... *
|
* According to 2020 study / presentation.
† Net of By-Product.
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Operating Costs:
| | Units | 2020 |
|
OP mining costs ($/t mined)
|
USD
| 2.2 * |
|
Processing costs ($/t milled)
|
USD
| ...... |
* According to 2020 study.
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2020 Study Costs and Valuation Metrics :
| Metrics | Units | LOM Total |
|
Initial CapEx
|
$M USD
|
......
|
|
After-tax NPV @ 5%
|
$M USD
|
......
|
|
After-tax IRR, %
|
|
......
|
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Corporate Filings & Presentations:
| Document | Year |
|
...................................
|
2021
|
|
...................................
|
2020
|
|
...................................
|
2020
|
|
...................................
|
2020
|
|
...................................
|
2019
|
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News:
Aerial view:
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