Lumina Gold Announces Positive Cangrejos Pre-Feasibility Study; US$2.2 Billion NPV, 26 Year Mine Life and Production of 371,000 Gold Ounces Per Year and 41 Million Pounds of Copper Per Year
The PFS demonstrates further improvements upon the Company's two prior preliminary economic assessments for the Project, with the latest being the 2020 Preliminary Economic Assessment (the "2020 PEA").
- The PFS demonstrates further improvements upon the Company's two prior preliminary economic assessments for the Project, with the latest being the 2020 Preliminary Economic Assessment (the "2020 PEA").
- We believe that this is one of the best gold and copper development assets globally based on its surrounding infrastructure, scale and multi-decade mine life."
- The PFS was initiated in 2022 and was produced by a team of independent consultants that possess extensive expertise in their respective fields.
- Base case economics were calculated using a gold price of $1,650 per ounce, copper price of $3.75 per pound and a silver price of $20.00 per ounce.