Kinross updates Lobo-Marte economics, sees USD 4.3 billion NPV at USD 4,100 gold price
Reuters2026/07/29 21:21- Kinross updated economics for its Lobo-Marte gold project in Chile to reflect inflation since the 2021 feasibility study.
- Steady-state output forecast at about 350,000 ounces a year over an initial 15-year mine life; all-in sustaining cost estimated near USD 1,000/oz.
- Net present value estimated at USD 4.3 billion at a USD 4,100/oz gold price; internal rate of return 26%; payback 2.3 years.
- Initial capital forecast at about USD 1.8 billion over three years; funding planned from operating cash flow.
- Environmental Impact Assessment accepted for review in Q2 2026; first gold targeted for the early 2030s.
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